Comments on: Golden McNugget http://www.arcadiahousingblog.com/2008/01/30/golden-mcnugget/ Tracking the Arcadia and San Gabriel Valley Housing Market Sat, 13 Mar 2010 20:20:44 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Update: Golden McNugget | Arcadia Housing Blog http://www.arcadiahousingblog.com/2008/01/30/golden-mcnugget/comment-page-1/#comment-160 Update: Golden McNugget | Arcadia Housing Blog Thu, 14 Feb 2008 14:19:34 +0000 http://www.arcadiahousingblog.com/2008/01/30/golden-mcnugget/#comment-160 [...] Day, but there’s no love for this seller. Last month I profiled a McMansion that was a failed flip. Things haven’t gotten much better as the asking price has been reduced twice in the last two [...] [...] Day, but there’s no love for this seller. Last month I profiled a McMansion that was a failed flip. Things haven’t gotten much better as the asking price has been reduced twice in the last two [...]

]]> By: Beaches http://www.arcadiahousingblog.com/2008/01/30/golden-mcnugget/comment-page-1/#comment-37 Beaches Fri, 01 Feb 2008 16:22:01 +0000 http://www.arcadiahousingblog.com/2008/01/30/golden-mcnugget/#comment-37 Wow - I almost fell over when I saw one of those Highlands listings. That's my old school bus stop location for Highland Oaks (back when we called it grammar school - yes I know I am dating myself). At least some of the homes in Arcadia retain their original charm, as you have noted. The McMansion exteriors are somewhat horrific, and the interiors (when they are actually lived-in, and not cleared out under cover of darkness) look like TJMaxx threw up on them. Wow – I almost fell over when I saw one of those Highlands listings. That’s my old school bus stop location for Highland Oaks (back when we called it grammar school – yes I know I am dating myself).

At least some of the homes in Arcadia retain their original charm, as you have noted. The McMansion exteriors are somewhat horrific, and the interiors (when they are actually lived-in, and not cleared out under cover of darkness) look like TJMaxx threw up on them.

]]> By: SavedByGrace http://www.arcadiahousingblog.com/2008/01/30/golden-mcnugget/comment-page-1/#comment-22 SavedByGrace Wed, 30 Jan 2008 20:19:51 +0000 http://www.arcadiahousingblog.com/2008/01/30/golden-mcnugget/#comment-22 I like Irvine because it's so well planned, but yes - they too have the McMansion bug. The ugly overbuilt homes look even worse there because Irvine lot sizes are generally smaller than those in Arcadia. The links to the comparable homes at $1.2million were intended to capture what a buyer could get at this point in time. I wouldn't spend $1.2million to buy any of those homes right now because I wouldn't buy any real estate now. I like Irvine because it’s so well planned, but yes – they too have the McMansion bug. The ugly overbuilt homes look even worse there because Irvine lot sizes are generally smaller than those in Arcadia.

The links to the comparable homes at $1.2million were intended to capture what a buyer could get at this point in time. I wouldn’t spend $1.2million to buy any of those homes right now because I wouldn’t buy any real estate now.

]]> By: Carl http://www.arcadiahousingblog.com/2008/01/30/golden-mcnugget/comment-page-1/#comment-20 Carl Wed, 30 Jan 2008 19:55:38 +0000 http://www.arcadiahousingblog.com/2008/01/30/golden-mcnugget/#comment-20 What is worse than over-using a small lot, many of these rebuilds just don't fit in with the neighborhood architecturally. That to me is what makes them such eyesores. In my old neighborhood in Irvine (built in the early 70s) every 10th house or so had been knocked down with a gigantic 2 story monstrosity in its place. These houses easily had double the square footage as the neighbors, and this is a zero-lot line, 5000 sq-foot lot type place. Not pretty. I looked at the 1.2 M houses you suggested. Truly beautiful neighborhoods, but I'll be damned if I spend over 1.2 M on something and it *still* needs updating. I can't imagine these homes will be above the million dollar mark for long. What is worse than over-using a small lot, many of these rebuilds just don’t fit in with the neighborhood architecturally. That to me is what makes them such eyesores. In my old neighborhood in Irvine (built in the early 70s) every 10th house or so had been knocked down with a gigantic 2 story monstrosity in its place. These houses easily had double the square footage as the neighbors, and this is a zero-lot line, 5000 sq-foot lot type place. Not pretty.

I looked at the 1.2 M houses you suggested. Truly beautiful neighborhoods, but I’ll be damned if I spend over 1.2 M on something and it *still* needs updating. I can’t imagine these homes will be above the million dollar mark for long.

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