Long Beach (Live in the LBC)

NEW -> Contingent Buyer Assistance Program
P702319_1.jpg

http://www.redfin.com/CA/Long-Beach/391-Coronado-Ave-90814/home/7602695

I really prefer to be east of Redondo, but not a bad price & lot...
 
RC, check out todays price reduction on this gem in the Shore

http://www.redfin.com/CA/Long-Beach/226-Granada-Ave-90803/home/7597373

Feb 11, 2010 Price Changed $779,000 -- SoCalMLS #S603141
Jan 27, 2010 Price Changed $798,000 -- SoCalMLS #S603141
Jan 26, 2010 Listed $849,000 -- SoCalMLS #S603141
Oct 28, 2009 Sold (MLS) -- -- Inactive SoCalMLS #M106122
Aug 29, 2007 Delisted -- -- Inactive SoCalMLS #M106122
Aug 19, 2007 Price Changed $872,500 -- Inactive SoCalMLS #M106122
Aug 15, 2007 Sold (Public Records) $851,000 15.2%/yr Public Records

However, after reading Jeremy Colonnas comments in LB post I may still wait a bit

http://www.lbpost.com/don/8318

Foreclosure Up-Tick May Signal Impending Flood


It's much the same in Long Beach and surrounding areas, where some local Realtors believe there's a possibility of a flood of foreclosures coming?the calm before the storm so to speak.

"I find it hard to believe that people are surprised by these new numbers," says Jeremy Colonna, a broker with Colonna & Co. Realty in Belmont Shore. "With unemployment continuing to rise, short-term interest-only loans beginning to adjust and lenders being forced to attempt modifications on borrowers with no hope of being able to make any kind of reasonable payment at all, the circumstances were inevitable."

And Colonna believes more is yet to come. "Even with lenders like Wachovia, Wells and GMAC really trying to streamline their short-sale process, there are still going to be massive numbers of foreclosures on the horizon. Unfortunately, I have a feeling that many of the sales that took place the latter half of last year may be destined for the same fate. One of the side-effects of living in the United States is that our society is so optimistic that we will often times use more hope than logic in interpreting data. I don't think that prematurely predicting the end of the housing slump has done anyone, even Realtors, any favors."
 
morekaos Posted: 08 July 2009 06:17 AM [ # 343 ]

05 May 2009 06:44 AM

Even the rich can run out of money. I seem to see these more and more around here, not even the Peninsula is imune. Look at this "as is" sale in a very nice area

30 Dana

Man, just $75,000.00 short. That must have hurt.

"BEST VALUE! HUGE PRICE REDUCTION! 'As-Is', call (800) 456-9107 to preview. Almost finished, estimated $75k to complete."

Well the markets has certainly turned on the Peninsula. this place is now squarely on the appreciation path. Best of luck with that.

Jul 07, 2009 Price Changed $1,995,000 ?SoCalMLS #P689082
May 28, 2009 Listed $1,750,000 ?SoCalMLS #P689082
Aug 29, 2007 Sold $1,050,000 -3.7%/yr Public Records
Apr 12, 2007 Sold $1,064,999 -18.4%/yr Public Records
Mar 09, 2006 Sold $1,330,000?Public Records


Lifted this one off the old IHB and like the link it is back. New garage door and a few old beds and lets try to make a cool 700 grand (before expenses)

http://www.redfin.com/CA/Long-Beach/30-Dana-Pl-90803/home/7594111
 
P719497_1.jpg

http://www.redfin.com/CA/Long-Beach/334-Claremont-Ave-90803/home/7596643

I'm posting 334 Claremont up again, I can't seem to find the old post; but it was listed for $699,000 about a month and now it's $739,900; one of you I think T-Man mentioned that it was bank owned; maybe it was another house...

The wife had a really good conversation with the lady who still lives there today; so can it be REO? Anyhow, can someone look up the history? Was just curious why she needs to sell. I really want to share more about the lady but the wife told me not to share. We both totally love the house; frankly between this and a new Carmel or Sonoma, I pick the LBC in a heartbeat...
 
[quote author="roundcorners"]
P719497_1.jpg

http://www.redfin.com/CA/Long-Beach/334-Claremont-Ave-90803/home/7596643

I'm posting 334 Claremont up again, I can't seem to find the old post; but it was listed for $699,000 about a month and now it's $739,900; one of you I think T-Man mentioned that it was bank owned; maybe it was another house...

The wife had a really good conversation with the lady who still lives there today; so can it be REO? Anyhow, can someone look up the history? Was just curious why she needs to sell. I really want to share more about the lady but the wife told me not to share. We both totally love the house; frankly between this and a new Carmel or Sonoma, I pick the LBC in a heartbeat...[/quote]
This home is not a foreclosure. It was purchased on 6/7/82 for $55k and there have been 2 quit claim deed transfers since then. The owner had it listed with another agent for 42 days at $699k before she selected the current agent (he must have blown smoke up her butt that good times are here again). The owner has done a few refi's but the last loan was for $333k with World Savings...errr...Wachovia....err...Wells Fargo now. Here are the agent-to-agent comments:

"To show call homeowner first. Please give 1 hour notice. NOTICE-there are 2 cats in the home-please DO NOT let them out!!!! Please include preapproval, FICOs and proof of funds with offer. Thank you very much. Lock box combo is xxxx. Will pay $3000.00 incentive to buyer's agent at COE. "

The buyer's agent commission is 2.5%...why not just make it 3% instead of the $3,000 incentive? ::)
 
[quote author="morekaos"]I'll see what I can find but at over $500 a square foot I gotta pass.[/quote]
Especially for a 2bed/2bath home. Now if it gets under $400/sf then we are talking.
 
[quote author="morekaos"]I'll see what I can find but at over $500 a square foot I gotta pass.[/quote]

I know crazy huh? Just want to see how much equity the lady has; or did he have to HELOC some of it... just want to see if there is room for negotiations or is she pretty much stuck with an eventual short sale or in the process of foreclosure...
 
[quote author="USCTrojanCPA"]
[quote author="roundcorners"]
P719497_1.jpg

http://www.redfin.com/CA/Long-Beach/334-Claremont-Ave-90803/home/7596643

I'm posting 334 Claremont up again, I can't seem to find the old post; but it was listed for $699,000 about a month and now it's $739,900; one of you I think T-Man mentioned that it was bank owned; maybe it was another house...

The wife had a really good conversation with the lady who still lives there today; so can it be REO? Anyhow, can someone look up the history? Was just curious why she needs to sell. I really want to share more about the lady but the wife told me not to share. We both totally love the house; frankly between this and a new Carmel or Sonoma, I pick the LBC in a heartbeat...[/quote]
This home is not a foreclosure. It was purchased on 6/7/82 for $55k and there have been 2 quit claim deed transfers since then. The owner had it listed with another agent for 42 days at $699k before she selected the current agent (he must have blown smoke up her butt that good times are here again). The owner has done a few refi's but the last loan was for $333k with World Savings...errr...Wachovia....err...Wells Fargo now. Here are the agent-to-agent comments:

"To show call homeowner first. Please give 1 hour notice. NOTICE-there are 2 cats in the home-please DO NOT let them out!!!! Please include preapproval, FICOs and proof of funds with offer. Thank you very much. Lock box combo is xxxx. Will pay $3000.00 incentive to buyer's agent at COE. "

The buyer's agent commission is 2.5%...why not just make it 3% instead of the $3,000 incentive? ::)[/quote]

thanks T-Man! The wife says hi...

So it looks like there is plenty of room for negotiations... how can someone quit claim deed twice? Maybe once to someone else and once back again to her? Without saying too much, we know that she needs to sell, but we are just trying to figure out why. It would appear she can indefinitely hold on to the house, maybe she has debt elsewhere...
 
[quote author="roundcorners"]
[quote author="USCTrojanCPA"]
This home is not a foreclosure. It was purchased on 6/7/82 for $55k and there have been 2 quit claim deed transfers since then. The owner had it listed with another agent for 42 days at $699k before she selected the current agent (he must have blown smoke up her butt that good times are here again). The owner has done a few refi's but the last loan was for $333k with World Savings...errr...Wachovia....err...Wells Fargo now. Here are the agent-to-agent comments:

"To show call homeowner first. Please give 1 hour notice. NOTICE-there are 2 cats in the home-please DO NOT let them out!!!! Please include preapproval, FICOs and proof of funds with offer. Thank you very much. Lock box combo is xxxx. Will pay $3000.00 incentive to buyer's agent at COE. "

The buyer's agent commission is 2.5%...why not just make it 3% instead of the $3,000 incentive? ::)[/quote]

thanks T-Man! The wife says hi...

So it looks like there is plenty of room for negotiations... how can someone quit claim deed twice? Maybe once to someone else and once back again to her? Without saying too much, we know that she needs to sell, but we are just trying to figure out why. It would appear she can indefinitely hold on to the house, maybe she has debt elsewhere...[/quote]
Tell her I said hello. Looks like her ex-husband (or former husband) was the original owner, then he transferred it to her and she transferred it to herself once we got a different last name. Yeah, there's plenty of equity for negotiation here. It just baffles me how the current agent thinks he can get $740k for it when it didn't move with a $700k price tag. I would have listed it for $600k-$625k, but what the hell do I know. <!-- s:P -->:P<!-- s:P -->

I can PM you the lockbox code and seller's phone number if you guys would like to go see the home, just let me know.
 
hey MK, what do peeps in the LBC think they are suddenly The Irvine Company now, or what?

http://www.redfin.com/CA/Long-Beach/365-Havana-Ave-90814/home/7594903

Feb 09, 2010 Price Changed $955,000 -- SoCalMLS #P648318
Oct 20, 2009 Price Changed $739,990 -- SoCalMLS #P648318
Oct 20, 2009 Relisted -- -- SoCalMLS #P648318
May 28, 2009 Delisted -- -- SoCalMLS #P648318
May 28, 2009 Relisted -- -- SoCalMLS #P648318
Mar 01, 2009 Delisted -- -- SoCalMLS #P648318
Mar 01, 2009 Relisted -- -- SoCalMLS #P648318
Feb 16, 2009 Delisted -- -- SoCalMLS #P648318
Feb 15, 2009 Relisted -- -- SoCalMLS #P648318
Feb 02, 2009 Delisted -- -- SoCalMLS #P648318
Jul 23, 2008 Listed $899,900 -- SoCalMLS #P648318
Nov 14, 2006 Sold (Public Records) $949,000 -- Public Records
 
[quote author="roundcorners"]hey MK, what do peeps in the LBC think they are suddenly The Irvine Company now, or what?

http://www.redfin.com/CA/Long-Beach/365-Havana-Ave-90814/home/7594903

Feb 09, 2010 Price Changed $955,000 -- SoCalMLS #P648318
Oct 20, 2009 Price Changed $739,990 -- SoCalMLS #P648318
Oct 20, 2009 Relisted -- -- SoCalMLS #P648318
May 28, 2009 Delisted -- -- SoCalMLS #P648318
May 28, 2009 Relisted -- -- SoCalMLS #P648318
Mar 01, 2009 Delisted -- -- SoCalMLS #P648318
Mar 01, 2009 Relisted -- -- SoCalMLS #P648318
Feb 16, 2009 Delisted -- -- SoCalMLS #P648318
Feb 15, 2009 Relisted -- -- SoCalMLS #P648318
Feb 02, 2009 Delisted -- -- SoCalMLS #P648318
Jul 23, 2008 Listed $899,900 -- SoCalMLS #P648318
Nov 14, 2006 Sold (Public Records) $949,000 -- Public Records [/quote]

"Listing Provided Courtesy of: Thomas Dokter, Help-U-Sell Long Beach Realty"

I rest my case.
 
What do you think of 1337 Vuelta Grande? That canal seems to always be clean & sparkly... maybe the second floor gets a good view of it; or maybe a balcony can be built... it has a lot of potential?
 
[quote author="morekaos"]
[quote author="roundcorners"]hey MK, what do peeps in the LBC think they are suddenly The Irvine Company now, or what?

http://www.redfin.com/CA/Long-Beach/365-Havana-Ave-90814/home/7594903

Feb 09, 2010 Price Changed $955,000 -- SoCalMLS #P648318
Oct 20, 2009 Price Changed $739,990 -- SoCalMLS #P648318
Oct 20, 2009 Relisted -- -- SoCalMLS #P648318
May 28, 2009 Delisted -- -- SoCalMLS #P648318
May 28, 2009 Relisted -- -- SoCalMLS #P648318
Mar 01, 2009 Delisted -- -- SoCalMLS #P648318
Mar 01, 2009 Relisted -- -- SoCalMLS #P648318
Feb 16, 2009 Delisted -- -- SoCalMLS #P648318
Feb 15, 2009 Relisted -- -- SoCalMLS #P648318
Feb 02, 2009 Delisted -- -- SoCalMLS #P648318
Jul 23, 2008 Listed $899,900 -- SoCalMLS #P648318
Nov 14, 2006 Sold (Public Records) $949,000 -- Public Records [/quote]

"Listing Provided Courtesy of: Thomas Dokter, Help-U-Sell Long Beach Realty"

I rest my case.[/quote]
You'd think they'd be smart enough to LOWER the price from the previous list price. Anyone want to throw a low ball offer of $600k?
 
[quote author="roundcorners"]What do you think of 1337 Vuelta Grande? That canal seems to always be clean & sparkly... maybe the second floor gets a good view of it; or maybe a balcony can be built... it has a lot of potential?[/quote]

I agree, that is a humongous lot. Lots of potential there.
 
Amazing piece of honesty..

http://www.lbpost.com/don/8406

Realtor's Blog Shock: Condo Buyer Beware!

Laurie Manny is breaking the mold and what is probably the first tenet of sales. The Realtor for Main Street Realtors in Belmont Heights is warning people about the dangers of buying a condominium in Long Beach, or just about anywhere else. And Manny, who earns a chunk of her income from selling condos, knows this advice may cost her a few bucks and anger a few of her colleagues.
 
You must log in or register to reply here.
Back
Top