Address: 22 Taquitz, Irvine, CA 92602 (Northpark)
Plan: 1400 sq ft – 2/2
MLS: S460930 DOM: 24
Sale History: 9/28/2005: $540,000
Current Price: $559,000
This (Plan 2 or 3?) condo is in the Monticello tract in Northpark Square. It was purchased last year and it looks like they had put 20% down! What a rarity if that’s true! If someone has better access, please let us know if you can confirm this. These flippers stayed in the home for less than a year before deciding to list the property.
Sorry, not much to say about this one. If they have really put 20% down, they have a lot of room to bring the price down if they are motivated to sell. At the current asking price, they will lose about $15,000 after 6% in selling costs.
It’s a Plan 2. Should I be ashamed to admit to living in a Plan 3? What is more interesting about that unit, is that in it’s entire 4-5 year history, it’s been bought and sold at least three times. It’s a magnet for serial flippers.
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It’s a Plan 2. Should I be ashamed to admit to living in a Plan 3? What is more interesting about that unit, is that in it’s entire 4-5 year history, it’s been bought and sold at least three times. It’s a magnet for serial flippers. Also, the listing agent is a bit of a tool. From what I’ve been able to discern (which is a fair amount, but likely not the complete story), he’s really good at bringing his own buyers to his own sellers and having the unit sell for $20K less (at least) than the asking price.
I’ve also heard about this listing agent, mainly a northpark and west irvine guy. lots of open house signs though! since he’s so good at having these units sell for lower than the asking price, he should just take it a step further and just keep lowering that asking price!
Tooting my own horn here a little…From today’s OC Register, a letter from yours truly pointing out something that should have been blindingly obvious to the reporter:
“Unwarranted optimism
The article, “U.S. housing prices sink 2.5 percent” [Marketplace, Oct. 26], contained this gem of logic: “But national [Realtors]association officials insist that the decline will be short-lived, noting that the price decline comes on the heels of one of the biggest housing booms on record.”
Doesn’t what the Realtors are noting support the opposite conclusion? What are the odds of “one of the biggest housing booms on record” being followed by the shortest-lasting correction? Until recently, the boom of the late ’80s was “one of the biggest housing booms on record.” It took years for the subsequent correction to run its course.”
Lee,
I’m glad you pointed it out to them! That was my exact thought when I read it!
Do you guys know what is going on here? There are about 28 almost identical units for sale at the same time.
name, are you suggesting that people are not rushing out to buy these beautiful 1400 sqft homes for ONLY $559K? Come on guys, own your own alligator. Its 1400 sqft CONdo for only half a million dollars in beautifully overbuilt Irvine.
Half a million dollars for a small rat box CONdo. Wow!! Can we all say crash?