Address: 304 Quail Ridge, Irvine, CA 92603 (Quail Hill)
Plan: 1656 sq ft – 2/2
MLS: P550005 DOM: 14
Sale History: 06/21/2006: $640,000
Current Price: $649,000
Here’s another flip in the Ambridge tract built by William Lyon Homes in the village of Quail Hill. Our flipper purchased this Plan 3 condo from the Builder less than six months ago. When the Builder starts placing homes on MLS, you know things aren’t looking good.
All in all, it seems like a decent home BUT I think the pricing is high for a 2bd here. Also, I wish all plans like this came with an extra half bath. With 1656 sq ft, there’s no reason they can’t have an additional half bath considering there are some plans with as little as 1030 sq ft that have 2.5 baths.
If sold at the current asking price (and assuming 6% in selling costs), our flipper is looking at a loss of about $30,000!
These appear to be a remake of Monticello from Northpark Square, with some slight exterior tweaking. In March of 2002, the builder was contracting/selling the Plan 3 for just over $300K. My, how times change.
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Why do they call it Quail Hill ? has anyone seen a Quail running around the place?
Why do they call it a Village ? Where are the shops and resteraunts that villages are supposed to have?
Even better—– who would be that stupid to buy a 2 bedroom condo in Irvine for $649,000 ?
This place won’t clear 600k or I’ll cut my fin off.
Today’s FREE report on Miami has been released! Tomorrow I’ll release both the Las Vegas & San Diego reports. They will joins prior Q3:2006 reports on Boston, Bakersfield, Chicago, Denver, San Francisco, Seattle & Los Angeles.
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