Asking Price: $739,000
Purchase Price: $605,000
Purchase Date: 1/10/2005
Address: 20 Entrada E, Irvine, CA 92620
Sq. Ft.*: 1,561
Lot Sq. Ft.*: 4,275
Year Built: 1979
Type: Single Family Residence
$/Sq. Ft.*: $473
Status: Active on market
On Redfin: 18 days
Since there is no agreed upon definition of a flip, I will profile this one anyway.
From Redfin “Lovely single level detached home at the end of cul-de-sac just steps from a park. Spacious and open floor plan with liv & fam upgraded with new pergo floors, new cabinets, new granite countertop, new sinks & faucets, new sliding doors & all new windows, new stove & microwave, new recess lights and new light fixtures. Quiet and green backyard with grass & lushes. 3-patio off of liv, kitchen and master BR. Superb amenties offered by HOA. No mello roos and low HOA fee. Great family neighborhood.”
I managed to find a picture of the backyard. There seems to be only one lush passed out back there, so the description may be incorrect.
Perhaps this isn’t a flip. Perhaps they needed to sell for any of the reasons people have. Since this is Irvine, they must be entitled to a greater than 20% gain simply because they owned real estate. I appears this unit is empty, so I would not be surprised to see quick price reductions to find the market and stop the financial bleeding.
Maybe they will get it, or maybe they missed the peak, and they will wait a very long time before getting their price.
Entrada, by Mary Rosenblum
A.K.A. the flipper before this house sells for asking price.