Interesting/Amusing Property Finds

NEW -> Contingent Buyer Assistance Program
"Furniture from the Vatican"...??? <em>Really??</em> Wow. Welcome to Villa "Una Forde Abl?" (that's "unaffordable" for us lowly people!)
 
<a href="http://www.redfin.com/CA/Monte-Rio/21537-Starrett-Hill-Dr-95446/home/2468746">http://www.redfin.com/CA/Monte-Rio/21537-Starrett-Hill-Dr-95446/home/2468746</a>



This is a project, fixer-upper of the first order. The property is in the eye of the beholder. Upstairs is a large room, no kitchen, no enclosed bathroom, vintage cabin style. Below is the NEW section of the house. which also has a bathroom unadorned so to speak! Nice view of the unfinished wiring, open studs and foundation. Expansive decking. Great view, can't see Russia from here, but they were known to roam these parts at one time!



<img src="http://i-0.rfimg.us/photo/27/bigphoto/982/20824982_0.jpg" alt="" />



<img src="http://i-0.rfimg.us/photo/27/bigphoto/982/20824982_1_0.jpg" alt="" />
 
<a href="http://www.redfin.com/CA/Irvine/26-Grey-Owl-92603/home/5927379">http://www.redfin.com/CA/Irvine/26-Grey-Owl-92603/home/5927379</a>



For 19 million dollars I'd just go buy a winery.



<a href="http://www.vinesmart.com/real_estate/listings/united_states/california/san_luis_obispo_county/san_luis_obispo_county_vineyards_for_sale/san_miguel/san_miguel_vineyards_for_sale/von-dollen-vineyard-acreage/ca-vineyard-sale.html">http://www.vinesmart.com/real_estate/listings/united_states/california/san_luis_obispo_county/san_luis_obispo_county_vineyards_for_sale/san_miguel/san_miguel_vineyards_for_sale/von-dollen-vineyard-acreage/ca-vineyard-sale.html</a>



<blockquote>Discover this spectacular 168 acre estate vineyard in the heart of California?s highly acclaimed Central Coast wine region, near the historic town of Paso Robles. Rising majestically from the vineyard is a handsome 4 bedroom, 7 bath Spanish-Style home surrounded by 110 rolling acres planted in premium varietal red wine grapes.



A sweeping circular motor court, accented with an arched entry, palm trees and fountains, welcomes you to the vineyard residence. Bright and spacious interior living areas on 2 main levels open to view balconies, covered promenades, extensive lawns and a spectacular Infiniti pool. Statuary and flowing fountains in several courtyards and tranquil gardens perfectly accent the home?s decorative Spanish architectural style.



Grape varietals planted between 1991 and 1997 include Cabernet Sauvignon, Merlot and Syrah. Annual grape production totals about 600 tons.



The vineyard includes a 528 sq ft modular office and a 3,280 sq ft steel shop, with an adjoining 2-bedroom Foreman?s home. Availability of this estate and vineyard operation offers a rare opportunity. Truly a winemaker?s paradise!





SELLER GUARANTEES $200,000 GROSS ANNUAL INCOME FOR FIRST 3 YEARS FROM VINEYARD OPERATIONS*



*CONTACT LISTING BROKER FOR FURTHER DETAILS AND CONDITIONS



Asking: $9,450,000

</blockquote>


It's still too much, but hey.
 
[quote author="Astute Observer" date=1228012868]The 19m house has a bidet, the real vineyard does not.</blockquote>


4 bedrooms and 7 baths and no bidet? The horror!



I'm sure you can have one installed for the $10M difference.
 
A+ for effort?



<a href="http://www.redfin.com/CA/Anaheim/743-S-Gilbuck-Dr-92802/home/3997689">http://www.redfin.com/CA/Anaheim/743-S-Gilbuck-Dr-92802/home/3997689</a>



743 S Gilbuck Dr

Anaheim, CA 92802



Price: $319,000



Beds: 3

Baths: 2

Sq. Ft.: 1,533

$/Sq. Ft.: $208

Lot Size: 7,820 Sq. Ft.



Property History



Nov 17, 2008 Price Changed $319,000 -- SoCalMLS #S534440

Nov 12, 2008 Price Changed $309,000 -- SoCalMLS #S534440

Nov 05, 2008 Price Changed $317,000 -- SoCalMLS #S534440

Oct 29, 2008 Price Changed $327,000 -- SoCalMLS #S534440

Oct 22, 2008 Price Changed $337,000 -- SoCalMLS #S534440

Oct 15, 2008 Price Changed $347,000 -- SoCalMLS #S534440

Oct 07, 2008 Price Changed $357,000 -- SoCalMLS #S534440

Oct 01, 2008 Price Changed $367,000 -- SoCalMLS #S534440

Sep 24, 2008 Price Changed $377,000 -- SoCalMLS #S534440

Sep 17, 2008 Price Changed $387,000 -- SoCalMLS #S534440

Sep 10, 2008 Price Changed $397,000 -- SoCalMLS #S534440

Sep 03, 2008 Price Changed $407,000 -- SoCalMLS #S534440

Aug 27, 2008 Price Changed $417,000 -- SoCalMLS #S534440

Aug 20, 2008 Price Changed $429,000 -- SoCalMLS #S534440

Aug 11, 2008 Price Changed $439,000 -- SoCalMLS #S534440

Aug 04, 2008 Price Changed $449,000 -- SoCalMLS #S534440

Jul 28, 2008 Price Changed $459,000 -- SoCalMLS #S534440

Jul 21, 2008 Price Changed $469,000 -- SoCalMLS #S534440

Jul 14, 2008 Price Changed $479,000 -- SoCalMLS #S534440

Jul 07, 2008 Price Changed $489,000 -- SoCalMLS #S534440

Jun 30, 2008 Price Changed $499,000 -- SoCalMLS #S534440

Jun 24, 2008 Price Changed $509,000 -- SoCalMLS #S534440

Jun 18, 2008 Price Changed $519,000 -- SoCalMLS #S534440

Jun 11, 2008 Price Changed $529,000 -- SoCalMLS #S534440

Jun 04, 2008 Price Changed $539,000 -- SoCalMLS #S534440

May 30, 2008 Listed $550,000 -- SoCalMLS #S534440

May 17, 2005 Sold $534,000 -- Public Records
 
<a href="http://www.zillow.com/homedetails/11332-Vista-Del-Lago-Santa-Ana-CA-92705/25509715_zpid">I found this home</a> while I was looking at what is scheduled for the foreclosure auction. Pretty nice house as can be seen from the stats:



* Single family

* 3 beds

* 4.0 bath

* 4,074 sqft

* Lot 23,400 sqft

* Built in 1974



Now here is where it gets interesting, it was bought in 1999 for $900k, the zestimate is roughly $2.1mil, but the estimated debt at the foreclosure auction is over $3.2mil. So they cashed out $2.3mil in nine years. Or look at it this way, they paid themselves over $255k a year for nine years. Not a bad salary for doing nothing but signing some loan docs. Or maybe they totally and outrageously upgraded it, but I dunno, I'm thinking if that were the case then it would be for sale.
 
[quote author="caycifish" date=1228489780]A+ for effort?</blockquote>


I love how... with a final glimmer of hope... they bump up the price! LMAO!!
 
[quote author="caycifish" date=1228489780]A+ for effort?



<a href="http://www.redfin.com/CA/Anaheim/743-S-Gilbuck-Dr-92802/home/3997689">http://www.redfin.com/CA/Anaheim/743-S-Gilbuck-Dr-92802/home/3997689</a>



743 S Gilbuck Dr

Anaheim, CA 92802



Price: $319,000



Beds: 3

Baths: 2

Sq. Ft.: 1,533

$/Sq. Ft.: $208

Lot Size: 7,820 Sq. Ft.



Property History



Nov 17, 2008 Price Changed $319,000 -- SoCalMLS #S534440

Nov 12, 2008 Price Changed $309,000 -- SoCalMLS #S534440

Nov 05, 2008 Price Changed $317,000 -- SoCalMLS #S534440

Oct 29, 2008 Price Changed $327,000 -- SoCalMLS #S534440

Oct 22, 2008 Price Changed $337,000 -- SoCalMLS #S534440

Oct 15, 2008 Price Changed $347,000 -- SoCalMLS #S534440

Oct 07, 2008 Price Changed $357,000 -- SoCalMLS #S534440

Oct 01, 2008 Price Changed $367,000 -- SoCalMLS #S534440

Sep 24, 2008 Price Changed $377,000 -- SoCalMLS #S534440

Sep 17, 2008 Price Changed $387,000 -- SoCalMLS #S534440

Sep 10, 2008 Price Changed $397,000 -- SoCalMLS #S534440

Sep 03, 2008 Price Changed $407,000 -- SoCalMLS #S534440

Aug 27, 2008 Price Changed $417,000 -- SoCalMLS #S534440

Aug 20, 2008 Price Changed $429,000 -- SoCalMLS #S534440

Aug 11, 2008 Price Changed $439,000 -- SoCalMLS #S534440

Aug 04, 2008 Price Changed $449,000 -- SoCalMLS #S534440

Jul 28, 2008 Price Changed $459,000 -- SoCalMLS #S534440

Jul 21, 2008 Price Changed $469,000 -- SoCalMLS #S534440

Jul 14, 2008 Price Changed $479,000 -- SoCalMLS #S534440

Jul 07, 2008 Price Changed $489,000 -- SoCalMLS #S534440

Jun 30, 2008 Price Changed $499,000 -- SoCalMLS #S534440

Jun 24, 2008 Price Changed $509,000 -- SoCalMLS #S534440

Jun 18, 2008 Price Changed $519,000 -- SoCalMLS #S534440

Jun 11, 2008 Price Changed $529,000 -- SoCalMLS #S534440

Jun 04, 2008 Price Changed $539,000 -- SoCalMLS #S534440

May 30, 2008 Listed $550,000 -- SoCalMLS #S534440

May 17, 2005 Sold $534,000 -- Public Records</blockquote>


If this were a stock, It'd be a screaming buy. First green uptick bar! Then again, it'd be sure to set a tight stop-loss.
 
[quote author="graphrix" date=1228492036]<a href="http://www.zillow.com/homedetails/11332-Vista-Del-Lago-Santa-Ana-CA-92705/25509715_zpid">I found this home</a> while I was looking at what is scheduled for the foreclosure auction. Pretty nice house as can be seen from the stats:



* Single family

* 3 beds

* 4.0 bath

* 4,074 sqft

* Lot 23,400 sqft

* Built in 1974



Now here is where it gets interesting, it was bought in 1999 for $900k, the zestimate is roughly $2.1mil, but the estimated debt at the foreclosure auction is over $3.2mil. <strong>So they cashed out $2.3mil in nine years. Or look at it this way, they paid themselves over $255k a year for nine years.</strong> Not a bad salary for doing nothing but signing some loan docs. Or maybe they totally and outrageously upgraded it, but I dunno, I'm thinking if that were the case then it would be for sale.</blockquote>


Friggin' unbelievable.
 
[quote author="Woodbridge" date=1228525163][quote author="caycifish" date=1228489780]A+ for effort?



<a href="http://www.redfin.com/CA/Anaheim/743-S-Gilbuck-Dr-92802/home/3997689">http://www.redfin.com/CA/Anaheim/743-S-Gilbuck-Dr-92802/home/3997689</a>



743 S Gilbuck Dr

Anaheim, CA 92802



Price: $319,000



Beds: 3

Baths: 2

Sq. Ft.: 1,533

$/Sq. Ft.: $208

Lot Size: 7,820 Sq. Ft.



Property History



Nov 17, 2008 Price Changed $319,000 -- SoCalMLS #S534440

Nov 12, 2008 Price Changed $309,000 -- SoCalMLS #S534440

Nov 05, 2008 Price Changed $317,000 -- SoCalMLS #S534440

Oct 29, 2008 Price Changed $327,000 -- SoCalMLS #S534440

Oct 22, 2008 Price Changed $337,000 -- SoCalMLS #S534440

Oct 15, 2008 Price Changed $347,000 -- SoCalMLS #S534440

Oct 07, 2008 Price Changed $357,000 -- SoCalMLS #S534440

Oct 01, 2008 Price Changed $367,000 -- SoCalMLS #S534440

Sep 24, 2008 Price Changed $377,000 -- SoCalMLS #S534440

Sep 17, 2008 Price Changed $387,000 -- SoCalMLS #S534440

Sep 10, 2008 Price Changed $397,000 -- SoCalMLS #S534440

Sep 03, 2008 Price Changed $407,000 -- SoCalMLS #S534440

Aug 27, 2008 Price Changed $417,000 -- SoCalMLS #S534440

Aug 20, 2008 Price Changed $429,000 -- SoCalMLS #S534440

Aug 11, 2008 Price Changed $439,000 -- SoCalMLS #S534440

Aug 04, 2008 Price Changed $449,000 -- SoCalMLS #S534440

Jul 28, 2008 Price Changed $459,000 -- SoCalMLS #S534440

Jul 21, 2008 Price Changed $469,000 -- SoCalMLS #S534440

Jul 14, 2008 Price Changed $479,000 -- SoCalMLS #S534440

Jul 07, 2008 Price Changed $489,000 -- SoCalMLS #S534440

Jun 30, 2008 Price Changed $499,000 -- SoCalMLS #S534440

Jun 24, 2008 Price Changed $509,000 -- SoCalMLS #S534440

Jun 18, 2008 Price Changed $519,000 -- SoCalMLS #S534440

Jun 11, 2008 Price Changed $529,000 -- SoCalMLS #S534440

Jun 04, 2008 Price Changed $539,000 -- SoCalMLS #S534440

May 30, 2008 Listed $550,000 -- SoCalMLS #S534440

May 17, 2005 Sold $534,000 -- Public Records</blockquote>


If this were a stock, It'd be a screaming buy. First green uptick bar! Then again, it'd be sure to set a tight stop-loss.</blockquote>




That's amazing. some schlub in the SFV does the "drop 10k/week until its sold" and it is all over the teevee news this fall, but here our hardworking anaheim homeowner does it for almost 6 months, and no news play.

<strong>

Someone should call channel 9 news!</strong>
 
<a href="http://www.redfin.com/CA/North-Tustin/1710-La-Loma-Dr-92705/home/17883964">http://www.redfin.com/CA/North-Tustin/1710-La-Loma-Dr-92705/home/17883964</a>



My question - who buys a 7BR/10BA 8,900 sf house with views on 1/2 acre and lets it decay into a fixer??
 
[quote author="Strom" date=1230637284]<a href="http://www.redfin.com/CA/North-Tustin/1710-La-Loma-Dr-92705/home/17883964">http://www.redfin.com/CA/North-Tustin/1710-La-Loma-Dr-92705/home/17883964</a>



My question - who buys a 7BR/10BA 8,900 sf house with views on 1/2 acre and lets it decay into a fixer??</blockquote>


Look what else:



<blockquote>This home has been flagged as a short sale.</blockquote>


I know somebody who has a home like that. The maintence is murder. They literally have a gardner on staff 40 hours a week, plus the rest of the upkeep.



If this closes at $169 a foot I'll buy the world a drink. That puts me one step closer to North Tustin.
 
[quote author="no_vaseline" date=1230649907]



If this closes at $169 a foot I'll buy the world a drink. That puts me one step closer to North Tustin.</blockquote>


You and me both.
 
Back
Top