Interesting/Amusing Property Finds

NEW -> Contingent Buyer Assistance Program
<p>On my daily peruse of Redfin I came across <a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1415905">this property</a> which is nothing special. </p>

<p>The thing I found interesting is this little snippet.</p>

FANTASTIC OPPORTUNITY. ASK FOR SELLER ADDENDUM PRIOR TO WRITING OFFER AND CLIENT MUST BE PRE-QUALIFIED WITH GRETZEL HUNT, COUNTRYWIDE AGENT PRIOR TO WRITING OFFER.

<p>What is this all about? If I was interested in buying this property would I have to go thru their countrywide agent?</p>
 
No, you just have to submit to an interview by the selling agent's preferred lender so that the seller isn't blind-sided by a prospective buyer who was "pre-qualified" by someone who didn't know what s/he was doing. Of course, the Countrywide loan officer will attempt to persuade you, through her professionalism, to do business with her.
 
<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1547611">http://www.redfin.com/stingray/do/printable-listing?listing-id=1547611</a></p>

<p><img alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/727/S524727_0.jpg" /></p>

16 Alevera ST Irvine, CA 92618

Price: $599,900











Jan 30, 2003

$424,000



--







May 07, 2004

$780,000



61.8%/yr













It only cost them $180K to own it for four years. This probablly isn't the right place for it, but it's not a 2003 rollback yet. Yet. This place will be $200 a foot at the bottom.
 
<p><a href="http://news.yahoo.com/s/ap/20080313/ap_en_mu/people_michael_jackson_3;_ylt=AkhDcLYqhbXuhxx30cRiyIIE1vAI">Jackson Lawyer: Neverland Ranch saved</a></p>

<p>http://news.yahoo.com/s/ap/20080313/ap_en_mu/people_michael_jackson_3;_ylt=AkhDcLYqhbXuhxx30cRiyIIE1vAI</p>
 
<p>Proof that the housing market made people loony-tunes: somebody seriously paid half a million dollars for this 800 sq ft shack.</p>

<p><img alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/738/P619738_0.jpg" /></p>

<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1436277">Redfin Link</a></p>
 
<strong>it finally went to "Backup Offers". Only 461 days on the market!</strong>





<a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=485065">http://www.redfin.com/stingray/do/printable-listing?listing-id=485065</a>





<img src="http://i-0.rfimg.us/photo/46/bigphoto/895/S470895_2.jpg" alt="" />





Listing Price History

Date Price

Feb 03, 2007 $949,900

Feb 20, 2007 $939,900

Feb 27, 2007 $899,900

Mar 30, 2007 $879,900

Apr 18, 2007 $869,900

May 10, 2007 $859,900

Jun 30, 2007 $849,900

Jul 25, 2007 $845,000

Sep 04, 2007 $841,000

Sep 13, 2007 $829,900

Nov 02, 2007 $795,000

Nov 09, 2007 $789,000

Nov 14, 2007 $769,000

Nov 19, 2007 $749,000

Dec 04, 2007 $729,000

Jan 20, 2008 $825,000

Mar 15, 2008 $699,000



Sales History

Date Price Appreciation

May 24, 1990 $363,500

--

May 26, 2006 $868,000

5.6%/yr
 
<strong>I have a peek-a-boo view of the backbay! Pay me double for holding (and doing no fixups) for two years!</strong>



<img src="http://i-0.rfimg.us/photo/46/bigphoto/314/U7004314_2_1.jpg" alt="" />



<u>http://www.redfin.com/stingray/do/printable-listing?listing-id=1203819</u>



Structure Information



* Fixer-Upper

* Major Repairs Needed









Listing Price History

Date Price

Oct 11, 2007 $1,795,000

Dec 08, 2007 $1,649,000

Apr 04, 2008 $1,550,000



Sales History

Date Price Appreciation

<strong>Jan 11, 2006 $850,000</strong>
 
<strong>We looked at this one previously, it finally found a buyer (maybe). only 600 days! only 54% off the initial price!

</strong>

Status: Backup Offers Accepted

<strong>On Redfin: 593 days</strong>

<u>http://www.redfin.com/stingray/do/printable-listing?listing-id=445648</u>



<img src="http://i-0.rfimg.us/photo/46/bigphoto/948/P534948_4_1.jpg" alt="" />





Listing Price History

Date Price

Jan 28, 2007 $1,099,000

Feb 07, 2007 $1,049,000

Feb 11, 2007 $999,000

Feb 13, 2007 $965,000

Feb 23, 2007 $935,000

May 16, 2007 $925,000

Jul 12, 2007 $899,000

Aug 15, 2007 $889,000

Aug 28, 2007 $875,000

Sep 11, 2007 $860,000

Oct 16, 2007 $799,000

Nov 15, 2007 $789,000

Jan 16, 2008 $719,000

Jan 29, 2008 $649,900

Mar 22, 2008 $648,000

Mar 26, 2008 $599,000

Sales History

Date Price Appreciation

Dec 30, 1988 $280,000 --

Jul 27, 1990 $91,000 -51.1%/yr

Sep 14, 1990 $295,000 >1,000%/yr
 
OMG, that is a record for chasing the market down. You have to think the house would have sold for $800K in January of 2007 if they had priced it properly.
 
<strong>Battle of the FLIPPERS!!!



This one is still struggling for a sale: only $475k (pretty nice for the price!)</strong>



<img src="http://i-0.rfimg.us/photo/46/bigphoto/498/P620498_1_0.jpg" alt="" />



<u>http://www.redfin.com/stingray/do/printable-listing?listing-id=1448425</u>

Move in ready 3 bedroom/2 bathroom in nice area of Costa Mesa. This house features nice curb appeal with lanscaped front yard, modern kitchen, newer vinyl windows, and french doors that lead to a relaxing patio/backyard!!!! This one will not last at this price. Call now to schedule a previewing appointment!





Listing Price History

Date Price

Feb 02, 2008 $575,000

Mar 09, 2008 $520,000

Apr 06, 2008 $475,000

Sales History

Date Price Appreciation

Jun 08, 1988 $29,500 --

Aug 15, 2007 $644,000 17.4%/yr





<strong>but here is the problem (only two doors down!):

This one lost the struggle, so now it is the bank that has a REO for a sale: only $475k </strong>



<img src="http://i-0.rfimg.us/photo/46/bigphoto/275/P612275_0.jpg" alt="" />



<u>http://www.redfin.com/stingray/do/printable-listing?listing-id=1321817</u>

Beautiful upgraded home! Remodeled kitchen, bathrooms and many more upgrades. You will be delighted with this home!





Listing Price History

Date Price

Dec 01, 2007 $599,900

Feb 09, 2008 $529,900

Feb 23, 2008 $499,000

Mar 30, 2008 $479,900

Apr 07, 2008 $475,000

Sales History

Date Price Appreciation

May 24, 2006 $697,000 --



<strong>

Who will win the race to the bottom???



My bet is on the bank. Stay tuned!</strong>
 
No Vas, your 16 Alevera listing shows "This listing has gone off the market". Anyone know if it actually sold, or is in foreclosure ? I like the look of these, 400K sounds more reasonable.
 
<a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1644691">1903 Ladrillo Aisle</a> in Westpark, 1250 sq ft 2/2, $429k. $120k under its 06 purchase price of $549k. $549k was the absolute tippy top for this floorplan.



The pain train is rumbling thru Brio. whoo whoo!

<img src="http://www.smugmug.com/photos/280089175_sFn2n-O.jpg" alt="" />
 
<a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1631657">100k (or more) off peak pricing for this floorplan, too.</a>



206 Marinella Aisle, Irvine. Next block over from Brio. 3/3 1347sq ft for $498k. Message to nearly every 2/2 seller in Brio and Aventura: You all look <strong>really greedy and stupid</strong> right now.
 
One of my buddies a stone's throw from Ladrillo came home to his condo rental last week to see the landlord/unit was being foreclose on at auction set for next month. This area will get wrecked if these people continue to believe a 2/2 is worth $325/sq. ft.
 
<img src="http://i-0.rfimg.us/photo/46/bigphoto/059/S528059_0.jpg" alt="" />

I dare you to find less house (sub 4000ft house) for more money. Yes, it's on the Balboa Peninsula. Big whoop.

<a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1625024">http://www.redfin.com/stingray/do/printable-listing?listing-id=1625024</a>



Price: $8,300,000

Buy with Redfin and Save $166,000*

Beds: 5

Baths: 5

Sq. Ft.: 3,900

$/Sq. Ft.: $2,128

Lot Size: 6,300 Sq. Ft.

Type: Single Family Residence

Year Built: 2004

Stories: Two Levels

View(s): Back Bay, Bay, City Lights, Harbor, Marina, Ocean, Water

Area: Balboa Peninsula

County: Orange

MLS#: S528059

Status: Active

On Redfin: 13 days

Announcing a newly built landmark residence with the most stunning Turning Basin, Main Channel, and Lido Channel views. Seaside sophistication in this gorgeous 5 beedroom 4.5 bath residence. Private dock that will accomadate a 60 foot + vessel and side tie for your new Duffy, near the entrance to Bay Island.



===============================================================================================

<img src="http://i-0.rfimg.us/photo/46/bigphoto/212/U7004212_6_2.jpg" alt="" />

You have to have some big cojones to live in a place like this. Or at least cojones that are bejeweled liked Faberge eggs.



<a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1185785">http://www.redfin.com/stingray/do/printable-listing?listing-id=1185785</a>

42 Pelican Point DR Newport Coast, CA 92657

Price: $18,800,000

Buy with Redfin and Save $376,000*

Beds: 4

Baths: 6

Sq. Ft.: 8,800

$/Sq. Ft.: $2,136

Lot Size: 0.31 Acres

Type: Single Family Residence

Style: Other

Year Built: 2002

Stories: Two Levels

View(s): White Water

Area: Newport Coast

County: Orange

MLS#: U7004212

Status: Active

On Redfin: 200 days
 
Tune in next week for:



"That deserves some sort of award (not sure for what)"



OR



"My eyes! My eyes! Somebody PLEASE scrub my retinas with Draino and steel wool!"
 
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