Interesting/Amusing Property Finds

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[quote author="traceimage" date=1250735002]I was just looking at some Aliso listings and saw this one. Totally ordinary looking house, very close to the 73, priced at $589,900. But when I looked at the history, I saw that somebody paid $1,331,000 for this house in 2004! That just blows my mind.



<a href="http://www.redfin.com/CA/Aliso-Viejo/6-Lantana-92656/home/4867929">Aliso for $1.3M?</a></blockquote>


Are u sure? It sold in 2006 for $620,000 and purchased new in 1999 for $199,000. I think redfin is misinformed, or maybe I am but what it's saying is that it lost over half its value from 2004-2006. Anyways, it's now going to auction.
 
[quote author="RobertLarsen" date=1250737750][quote author="traceimage" date=1250735002]I was just looking at some Aliso listings and saw this one. Totally ordinary looking house, very close to the 73, priced at $589,900. But when I looked at the history, I saw that somebody paid $1,331,000 for this house in 2004! That just blows my mind.



<a href="http://www.redfin.com/CA/Aliso-Viejo/6-Lantana-92656/home/4867929">Aliso for $1.3M?</a></blockquote>


Are u sure? It sold in 2006 for $620,000 and purchased new in 1999 for $199,000. I think redfin is misinformed, or maybe I am but what it's saying is that it lost over half its value from 2004-2006. Anyways, it's now going to auction.</blockquote>


No, all I know is what's on Redfin. Maybe Redfin is wrong. It does seem really weird.
 
[quote author="RobertLarsen" date=1250737750][quote author="traceimage" date=1250735002]I was just looking at some Aliso listings and saw this one. Totally ordinary looking house, very close to the 73, priced at $589,900. But when I looked at the history, I saw that somebody paid $1,331,000 for this house in 2004! That just blows my mind.



<a href="http://www.redfin.com/CA/Aliso-Viejo/6-Lantana-92656/home/4867929">Aliso for $1.3M?</a></blockquote>


Are u sure? It sold in 2006 for $620,000 and purchased new in 1999 for $199,000. I think redfin is misinformed, or maybe I am but what it's saying is that it lost over half its value from 2004-2006. Anyways, it's now going to auction.</blockquote>


It already went to auction on 8/3, and it sold to an investor for $432,600. Not a bad deal. Keep in mind 20 and 31 Lantana are in default too. If 31 ever goes to auction it will probably be scooped up by an investor too.
 
[quote author="traceimage" date=1250749837]No, all I know is what's on Redfin. Maybe Redfin is wrong. It does seem really weird</blockquote>A friendly appraiser. Loan fraud perhaps. Was it a WAMU ?
 
[quote author="graphrix" date=1250751102]It already went to auction on 8/3, and it sold to an investor for $432,600</blockquote>


How long till Redfin shows the auction sale ?
 
[quote author="RobertLarsen" date=1250737750][quote author="traceimage" date=1250735002]I was just looking at some Aliso listings and saw this one. Totally ordinary looking house, very close to the 73, priced at $589,900. But when I looked at the history, I saw that somebody paid $1,331,000 for this house in 2004! That just blows my mind.



<a href="http://www.redfin.com/CA/Aliso-Viejo/6-Lantana-92656/home/4867929">Aliso for $1.3M?</a></blockquote>


Are u sure? It sold in 2006 for $620,000 and purchased new in 1999 for $199,000. I think redfin is misinformed, or maybe I am but what it's saying is that it lost over half its value from 2004-2006. Anyways, it's now going to auction.</blockquote>


Its a mistake. there is a 6 Lantana in Newport Beach as well, the entry is for that. SiteXData shows the same $1.3mil on the home... but it lists the seller as Taylor Woodrow Homes to a seller who is not the owner and never listed again... the home was sold a few years earlier by Laing Homes.



Delroy
 
<a href="http://www.redfin.com/CA/Fullerton/1222-W-Gage-Ave-92833/home/3327541">1222 W Gage Fullerton</a>



****OPEN ONE DAY ONLY***SUNDAY AUGUST 23RD FROM 10-5PM***** HOME WILL BE SOLD SUNDAY NIGHT TO BEST OFFER!!!***



And from Redfin:



"This home is flagged as a short sale. We're sorry, we don't tour or write offers on short sales because of the slim chance that you'll get the home"



<span style="color: blue;"><span style="font-size: 13px;">LORD!!!</span></span>
 
[quote author="xoneinax" date=1250755758][quote author="graphrix" date=1250751102]It already went to auction on 8/3, and it sold to an investor for $432,600</blockquote>


How long till Redfin shows the auction sale ?</blockquote>


I'm wondering this too. Apparently it didn't even hit Redfin until after it already sold.
 
[quote author="C Delroy Spuckler" date=1250762641][quote author="RobertLarsen" date=1250737750][quote author="traceimage" date=1250735002]I was just looking at some Aliso listings and saw this one. Totally ordinary looking house, very close to the 73, priced at $589,900. But when I looked at the history, I saw that somebody paid $1,331,000 for this house in 2004! That just blows my mind.



<a href="http://www.redfin.com/CA/Aliso-Viejo/6-Lantana-92656/home/4867929">Aliso for $1.3M?</a></blockquote>


Are u sure? It sold in 2006 for $620,000 and purchased new in 1999 for $199,000. I think redfin is misinformed, or maybe I am but what it's saying is that it lost over half its value from 2004-2006. Anyways, it's now going to auction.</blockquote>


Its a mistake. there is a 6 Lantana in Newport Beach as well, the entry is for that. SiteXData shows the same $1.3mil on the home... but it lists the seller as Taylor Woodrow Homes to a seller who is not the owner and never listed again... the home was sold a few years earlier by Laing Homes.



Delroy</blockquote>


Newport, okay. Makes sense now!
 
If you act now, the mosquitoes will be included!



<a href="http://www.redfin.com/CA/Yorba-Linda/28600-Brush-Canyon-Dr-92887/home/4287197"><img src="http://media.cdn-redfin.com/photo/46/bigphoto/834/P699834_7_0.jpg" alt="" /></a>
 
[quote author="SoCal78" date=1250859483]If you act now, the mosquitoes will be included!



<a href="http://www.redfin.com/CA/Yorba-Linda/28600-Brush-Canyon-Dr-92887/home/4287197"><img src="http://media.cdn-redfin.com/photo/46/bigphoto/834/P699834_7_0.jpg" alt="" /></a></blockquote>


For over two thirds of a million, you would think they would at least drain the pool. Of course, for two thirds of a million, I wouldn't want three sets of railroad tracks directly behind my backyard, either.
 
I just ran across this $10 million listing in the Newport Back Bay/Santa Ana Heights area. Granted, this is a very unique large lot right on the Back Bay (look out for those airplanes above!), but the real estate agent included the following text in the listing which I found amusing:



"The sellers have considered the current market and VERY REALISTICALLY decided to sell this home for what maybe UNDER the current market."



The house sold for $5.2 million in 2005, and they seem to think that the "current market" still allows a person to almost double their money in 4 years. Amazing.



http://www.redfin.com/CA/Newport-Beach/2182-Mesa-Dr-92660/home/4631509
 
<a href="http://www.redfin.com/CA/Irvine/24-Hillgrass-92603/home/4744816">24 Hillgrass Irvine, CA 92603 </a>



Price: $1,065,000

Beds: 4

Baths: 3

Sq. Ft.: 3,100

$/Sq. Ft.: $344

Lot Size: 7,102 Sq. Ft.

Property Type: Single Family Residence

Style: Contemporary

Stories: 2

View: Hills

Year Built: 1980

Community: Turtle Rock

County: Orange

MLS#: S574817

Source: SoCalMLS

Status: Active

On Redfin: 97 days

Remodeld(not refaced) gourmet kitchen with lazy suzzy, pull out shelves. granite tops, marble, bamboo and tile floors. BBQ island, private spa, master retreat. 400sf bonus room. walk to Bonita Elem. best schools in IUSD. walk to TR community park( tennis and nature center), walk to the Jewish Community Center. Easy access to interstate 405 or 73. Community pool and trails, Strawberry Farm Glof club minutes away. no mello roos and low $99 association. 5 miles to Crystal Cove and Newport Beach. 2 miles to UCI. Separate Laundry room. no popcorn ceilings. 2 shandeliers included. <em><strong>ordered to sell by a divorce judge, plz disregard ex-wife contact, make an offer if judge approve, it is sold </strong></em>
 
[quote author="Chuck" date=1250900852]... (look out for those airplanes above!), ....

http://www.redfin.com/CA/Newport-Beach/2182-Mesa-Dr-92660/home/4631509</blockquote>
If you look at the redfin link, you can in fact find a plane heading out west of University Dr. a few hundred yard away from the house.
 
[quote author="Chuck" date=1250900852]I just ran across this $10 million listing in the Newport Back Bay/Santa Ana Heights area. Granted, this is a very unique large lot right on the Back Bay (look out for those airplanes above!), but the real estate agent included the following text in the listing which I found amusing:



"The sellers have considered the current market and VERY REALISTICALLY decided to sell this home for what maybe UNDER the current market."



The house sold for $5.2 million in 2005, and they seem to think that the "current market" still allows a person to almost double their money in 4 years. Amazing.



http://www.redfin.com/CA/Newport-Beach/2182-Mesa-Dr-92660/home/4631509</blockquote>


I would be stunned if the sellers (or bank) get anything more than $4mm for that house. Apparently the sellers don't realize that at their asking price, they are competing for some very high end homes in Newport Coast, Emerald Bay and Newport Harbor. The only thing that this house has going for it is the lot size which is greatly minimized from the airport noise (as mentioned above). I actually think this house goes for somewhere in the mid to low $3mms.
 
[quote author="OC Zed" date=1251116339][quote author="Chuck" date=1250900852]I just ran across this $10 million listing in the Newport Back Bay/Santa Ana Heights area. Granted, this is a very unique large lot right on the Back Bay (look out for those airplanes above!), but the real estate agent included the following text in the listing which I found amusing:



"The sellers have considered the current market and VERY REALISTICALLY decided to sell this home for what maybe UNDER the current market."



The house sold for $5.2 million in 2005, and they seem to think that the "current market" still allows a person to almost double their money in 4 years. Amazing.



http://www.redfin.com/CA/Newport-Beach/2182-Mesa-Dr-92660/home/4631509</blockquote>


I would be stunned if the sellers (or bank) get anything more than $4mm for that house. Apparently the sellers don't realize that at their asking price, they are competing for some very high end homes in Newport Coast, Emerald Bay and Newport Harbor. The only thing that this house has going for it is the lot size which is greatly minimized from the airport noise (as mentioned above). I actually think this house goes for somewhere in the mid to low $3mms.</blockquote>
But the description says that they are being very realistic given today's market...I mean they were considering asking $19m for the $10m price is a bargain. NOT!!! Weird ass lot shape, over the flight path of John Wayne, and a house that looks somewhat dated. For $10m, I'll take Crystal Cove in a heartbeat.
 
[quote author="usctrojanman29" date=1251118072]

But the description says that they are being very realistic given today's market...I mean they were considering asking $19m for the $10m price is a bargain. NOT!!! Weird ass lot shape, over the flight path of John Wayne, and a house that looks somewhat dated. For $10m, I'll take Crystal Cove in a heartbeat.</blockquote>


Driven past that street before... I think its a bunch of teardowns... Its a very bizarre area... a few of the properties there appear to have multiple dwelling units on it, or might even be commercial...? Its overlooking the bay. The homes all have long driveways going into them, and you can't see them from the street.



There is a mixture of commercial and residential property across the street... an area where people were definitely doing teardowns... you can see this small little homes right next to huge newly built McMansions.
 
9.5 foot wide house for $2.7 million dollars

<A href="http://www.msnbc.msn.com/id/32565289/ns/business-us_business/?GT1=43001">http://www.msnbc.msn.com/id/32565289/ns/business-us_business/?GT1=43001</A>
 
Perfect for when the President is coming over for dinner!



<a href="http://www.redfin.com/CA/Tustin/13241-Tiburon-Way-92782/home/4755010"><img src="http://media.cdn-redfin.com/photo/46/bigphoto/749/U9003749_5_0.jpg" alt="" /></a>
 
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