Melodylane, or Out-of-Tune?

Jun 1st, 2007   by IrvineRenter  in House Flips

Melody Lane

Asking Price: $600,000IrvineRenter

Purchase Price: $499,000

Purchase Date: 5/20/2004

Address: 10 Melody Lane, Irvine, CA 92614

Beds: 2
Baths: 2
Sq. Ft.: 971
Lot Sq. Ft.: 3,240WTF
Year Built: 1980
Stories: 1
Type: Single Family Residence
County: Orange
Neighborhood: Woodbridge
$/Sq. Ft.: $618
MLS#: S479850
Status: Active on market
On Redfin: 65 days

From Redfin, "Charming Cottage Home! Sought After Single Level Detached Home In Woodbridge Community. Bay Window Overlooks Greenbelt. Living Room Has Cathedral Ceiling & Fire Place. Extra Features Includes: Central Air, Ceramic Tiles Floors In Both Bathrooms & Kitchen. Enjoy Living In The Beautiful Woodbridge Community With Access To Both Lakes & Lagoon."

So here we have an outside-the-loop tiny cottage asking over $618 / SF. WTF is this seller thinking? Perhaps they have had too many friends over...

.

.

What would you think if I sang out of tune,
Would you stand up and walk out on me.
Lend me your ears and I'll sing you a song,
And I'll try not to sing out of key.
Oh I get by with a little help from my friends,
Mmm I get high with a little help from my friends,
Mmm I'm gonna to try with a little help from my friends.

With A Little Help From My Friends -- The Beatles


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Astute Observations

Astute Observation by John
2007-06-17 09:21 AM

I wonder if the “Ceramic Tiles Floors” have any dragons on them?

Astute Observation by Judicious1
2007-06-02 09:56 AM

“Easy to clean” s/b one of the selling points.

Astute Observation by Pablito
2007-06-01 03:44 PM

Wow…i thought that was a nice house until i realized i was looking at the house in the back…LOL, 971 square feet.

Astute Observation by Kman
2007-06-01 01:15 PM

Why not put it for $1000 per sq ft? All you need is one Sucker!! Isn’t a sucker born every minute?

Astute Observation by Major Schadenfreude
2007-06-01 12:58 PM

“Shaded during the summer by 2 miniature palm trees…”

Astute Observation by mino2126
2007-06-01 11:55 AM

Wonder if the pot of gold is somewhere in the back yard?

Astute Observation by Justin
2007-06-01 09:17 AM

600k for a shack? Sign me up!

Astute Observation by Ranger Rick
2007-06-01 08:57 AM

I continue to see the three D’s….Denial, delusion and dementia in the housing industry among homeowners and realtors. Six hundred dollars per square foot? Oh, yea… this will end well.

Astute Observation by NanoWest
2007-06-01 07:48 AM

When we see on the OC register site that condo sales are down 45% from last year…....you gotta wonder how good the crack cocaine is in Irvine…...Yes, I can sell my outhouse for $600,000….pass the pipe !!!!

It is only a matter of time before the RE agents cannot afford the gas for their MB and they have to take clients to see house on bicycles….

Astute Observation by lee in irvine
2007-06-01 05:43 AM

What the hell is it?  A shed?  Is that where the neighbor parks his mower?

This market is comical.

Meanwhile, us bitter renters get to watch as the entire industry collapses on its own weight.
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