50% Loss in Real Estate (or more)

NEW -> Contingent Buyer Assistance Program
<a href="http://www.redfin.com/CA/Santa-Ana/810-S-Orange-Ave-92701/home/3072117">http://www.redfin.com/CA/Santa-Ana/810-S-Orange-Ave-92701/home/3072117</a>



This is the link to the "Hangman House" if anybody is interested.
 
49.6% loss so far in Costa Mesa. The address was entered wrong, so I found the sale info on Zillow. Almost a 20% loss from 2003 price.



1601 Baker st

Costa Mesa, CA 92626



<strong>Price: $399,000</strong>



Beds: 4

Baths: 2

Sq. Ft.: 2,200

$/Sq. Ft.: $181

Lot Size: 7,384 Sq. Ft.



Sale History

<strong>02/14/2006: $792,000 </strong>

12/03/2003: $498,000

07/09/1998: $239,000

08/18/1993: $200,000





http://i-0.rfimg.us/photo/46/bigphoto/449/P653449_1_0.jpg



<a href="http://www.redfin.com/CA/Costa-Mesa/1601-Baker-st-St-92626/home/17182968">http://www.redfin.com/CA/Costa-Mesa/1601-Baker-st-St-92626/home/17182968</a>



<a href="http://www.zillow.com/Charts.htm?chartDuration=5years&zpid=25246776">http://www.zillow.com/Charts.htm?chartDuration=5years&zpid=25246776</a>
 
I notice most of these are Santa Ana or out of OC... are there any Irvine homes that are 50% off (I apologize in advance if there is already a thread for this)?
 
[quote author="irvine_home_owner" date=1220921163]I notice most of these are Santa Ana or out of OC... are there any Irvine homes that are 50% off (I apologize in advance if there is already a thread for this)?</blockquote>
I don't believe we've seen any in Irvine that are 50% off.

The prices in higher-end communities fall after the lower-end communities.

I don't believe Irvine prices will fall as hard as the ones we have shown in this particular thread.

I'm sure someone will correct me if I'm wrong. :lol:
 
<a href="http://www.redfin.com/CA/COMPTON/2071-E-SHAUER-St-90222/home/7350095"> 2071 E SHAUER St COMPTON, CA 90222 </a>



Price: $85,000 -- I'm thinking prices still have a long way to go

Beds: 2

Baths: 1

Sq. Ft.: 756

$/Sq. Ft.: $112



Sales History



Jul 24, 1998 $58,114

Mar 05, 1999 $56,000

Mar 30, 2000 $115,000

Feb 15, 2001 $125,000

Aug 29, 2002 $102,192

Aug 21, 2003 $95,000

Dec 30, 2005 $305,500

Aug 25, 2008 $264,004



<img src="http://i-0.rfimg.us/photo/40/bigphoto/353/08-320353_0.jpg" alt="" />
 
<a href="http://www.redfin.com/CA/Compton/1205-S-Acacia-Ave-90220/home/7353768"> 1205 S Acacia Ave Compton, CA 90220 </a>



Price: $109,900

Beds: 3

Baths: 1

Sq. Ft.: 912

$/Sq. Ft.: $121

Lot Size: 2,482 Sq. Ft.

Year Built: 1956



Sales History



Jul 03, 1989 $74,500

Apr 25, 1990 $74,500

Apr 14, 2003 $149,000

Jun 24, 2005 $267,000

May 25, 2006 $350,000

Aug 15, 2007 $300,389



<img src="http://i-0.rfimg.us/photo/45/bigphoto/285/M08093285_0.jpg" alt="" />
 
<a href="http://www.redfin.com/CA/LOS-ANGELES/2362-E-119TH-St-90059/home/7347335"> 2362 E 119TH St LOS ANGELES, CA 90059 </a>



<strong>Price: $82,425</strong>

Beds: 2

Baths: 1

Sq. Ft.: 928

$/Sq. Ft.: $89



Sales History

May 19, 2005 $229,000

Sep 02, 2005 $330,000

<strong>Mar 30, 2007 $420,000 </strong>



<img src="http://i-0.rfimg.us/photo/40/bigphoto/779/08-312779_0.jpg" alt="" />
 
those look just like the "RealhomesofGenius" houses from drhousingbubble.



I can only think that those sales at the ridiculous prices were all cashout frauds.
 
[quote author="freedomCM" date=1224755763]those look just like the "RealhomesofGenius" houses from drhousingbubble.



I can only think that those sales at the ridiculous prices were all cashout frauds.</blockquote>


I was thinking the same thing. The price drops are really amazing though. It is pretty hard to deny there was a bubble when you see what happened in those neighborhoods.
 
<a href="http://www.redfin.com/CA/Santa-Ana/1231-W-Saint-Gertrude-Pl-92707/home/3093086"> 1231 W Saint Gertrude Pl Santa Ana, CA 92707 </a>



<strong>Price: $239,900 Sold: Jun 02, 2006 $525,000</strong>

Beds: 3

Baths: 1

Sq. Ft.: 909

$/Sq. Ft.: $264

Lot Size: 6,459 Sq. Ft.

Year Built: 1949



<img src="http://i-0.rfimg.us/photo/46/bigphoto/885/L27885_3_0.jpg" alt="" />
 
<a href="http://www.redfin.com/CA/Santa-Ana/1101-S-Oak-St-92701/home/3073059"> 1101 S Oak St Santa Ana, CA 92701 </a>

<strong>

Price: $214,900 Sold: Apr 27, 2006 $628,000 </strong>

Beds: 2

Baths: 1

Sq. Ft.: 1,066

$/Sq. Ft.: $202

Lot Size: 5,388 Sq. Ft.

Year Built: 1929



<img src="http://i-0.rfimg.us/photo/46/bigphoto/984/P661984_14_0.jpg" alt="" />
 
<a href="http://www.redfin.com/CA/Santa-Ana/1405-W-Mcfadden-Ave-92704/home/3532650"> 1405 W Mcfadden Ave Santa Ana, CA 92704 </a>

<strong>

Price: $218,000

Sold: $520,000 May 19, 2005 </strong>

Beds: 3

Baths: 3

Sq. Ft.: 1,134

$/Sq. Ft.: $192

Lot Size: 6,317 Sq. Ft.

Year Built: 1955



<img src="http://i-0.rfimg.us/photo/46/midphoto/123/genMid.S552123_0.jpg" alt="" />
 
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