whiskeyjack - 07 April 2008 06:06 PM

We’ve been looking at lots in Shady - any comments on . . . what they are REALLY worth?

Whatever a willing buyer and a willing seller agree on.

EvaLSeraphim - 23 April 2008 05:10 AM

whiskeyjack - 07 April 2008 06:06 PM

We’ve been looking at lots in Shady - any comments on . . . what they are REALLY worth?

Whatever a willing buyer and a willing seller agree on.

One is not only paying for the buildable area inside the boundary of the property but the land surrounding the property dedicated for open space as well. The openess and extra elbow room between neighbors are all factored into the equation. There is no such thing as FREEEEEEEEEEEEEE land.

I’m not sure if this is accurate or not, but it looks like 53 Canyon Creek was sold for $750,000 in March and then relisted for 2,999,000.

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I thought there were lots still available.  I’m sure if you call TIC, they will let you know.  That info used to be available on the website, but now they are restricting info as well as sales / releases. 

According to this article in the Register, the last lot was sold in September.

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access to the homesites information is on a need to know basis and quite frankly, you people don’t need to know.  if you go to shadycanyon.com it’ll take you directly to the golf club information and nothing else.  but what the hell, i’ll throw you peasants a bone. 

here’s a link to where you can find an interactive shady canyon homesites map.  search by street and then you can click on each lot.  you can see the shape of the lots, total sq ft, and buildable sq ft.  there’s only a few small lots still available.  look at tree fern and echo glen.

SECRET WEBSITE:
http://www.shadycanyon.com/homes/

note to self:  come up with better way of hiding secret website than /homes

ABC123 - 23 April 2008 03:17 PM

I’m not sure if this is accurate or not, but it looks like 53 Canyon Creek was sold for $750,000 in March and then relisted for 2,999,000.

$750k for the lot would have been a firesale…. info wrong is my guess.

acpme - 23 April 2008 05:04 PM

access to the homesites information is on a need to know basis and quite frankly, you people don’t need to know.  if you go to shadycanyon.com it’ll take you directly to the golf club information and nothing else.  but what the hell, i’ll throw you peasants a bone. 

here’s a link to where you can find an interactive shady canyon homesites map.  search by street and then you can click on each lot.  you can see the shape of the lots, total sq ft, and buildable sq ft.  there’s only a few small lots still available.  look at tree fern and echo glen.

SECRET WEBSITE:
http://www.shadycanyon.com/homes/

note to self:  come up with better way of hiding secret website than /homes

And the peasants rejoyced!

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shek, you may have noticed from my avitar that i’ve since been demoted from my position. :-(

But isn’t parking patrol essentially the gatekeeper and holds all the power? YOU.WILL.BE.TOWED.

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6 Prairie Grass is in preforeclosure.

14 Vernal Spring is in preforeclosure.

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IrvineRenter - 14 May 2008 03:45 AM

6 Prairie Grass is in preforeclosure.

14 Vernal Spring is in preforeclosure.

6 Prairie Grass was bought for roughly $2.2mil in 3/2004, and the NTS is $2.8mil. I can’t wait to see the minimum bid, as it could make this a 2003 or greater rollback.

I guess the high end is not immune.  Strange to see the price cuts & offers to lease on a Shady Canyon place, but I guess it makes sense…

http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?source=SOCALMLS&cKey=8x57c3b6&listing_num=S529922&mls=mls_so_cal
108 CANYON CREEK, Irvine, CA 92603

Price Reduced: 04/25/08—$7,450,000 to $6,250,000
Price Reduced: 05/22/08—$6,250,000 to $5,950,000

Also availble for lease at $25,000 per month.

IrvineRenter - 14 May 2008 03:45 AM

6 Prairie Grass is in preforeclosure.

14 Vernal Spring is in preforeclosure.

6 Prairie Grass is being auctioned tomorrow, May 28th, at 2pm at the Courthouse.  I wonder if there will be any bidders?

MacFanMom - 28 May 2008 12:20 AM

IrvineRenter - 14 May 2008 03:45 AM

6 Prairie Grass is in preforeclosure.

14 Vernal Spring is in preforeclosure.

6 Prairie Grass is being auctioned tomorrow, May 28th, at 2pm at the Courthouse.  I wonder if there will be any bidders?

Any idea what the opening bid is?  $2.8M ?

I couldn’t find it, but if you really want to know, call the Trustee tomorrow morning. 

Trustee:  Recon Trust Company N.A.
Trustee Phone#:  (800)281-8219
TS Number:  CA08129796DL

6 Prairie Grass had a minimum bid of $2.7mil, and even with that hefty discount the bank gave, no one bid and the bank now owns a prime Shady Canyon property.

Does anyone have title information on this property?  How much is owed to the bank/what are loans on the house?  I see John McMonigle as the listing agent but I assume that is no longer the case?

Many thanks

EquityMind - 29 May 2008 06:02 PM

Does anyone have title information on this property?  How much is owed to the bank/what are loans on the house?  I see John McMonigle as the listing agent but I assume that is no longer the case?

Many thanks

If I am reading the various posts correctly, no guarantee, the lender now owns the home.  The first was $2.7M or maybe $2.8 M and nobody bid at the courthouse steps auction.  I doubt if the property is still listed with McMonigle, as it will probably be awhile before an institutional lender can get through it’s own paperwork and list the property for sale.  There would be no loans on the house presently as it is now owned by the lender.

This weekend a realtor told me there are 44 for sale listings in Shady Canyon.  I don’t know what the minimum price is in Shady Canyon, but most of the homes for sale are more that $3,000,000 and my guess is that at least half are listed at more than $4,000,000.  How big might the market be for $4,000,000 homes in Irvine?  How long will it take to sell 44 multi-million dollar homes in Shady Canyon?  How many years of inventory is that?