Losses Outside of Irvine

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22216 CAMINITO TASQUILLO #202, Laguna Hills

List Price: $319,900

Last Sale: 02/28/06

Sales Price: $435,000

Bedrooms: 2

Full Baths: 2

Partial Baths: 1

Square Feet: 1,041

Lot Size: N/A

Year Built: 1986

Listing Date: 11/13/07

On Market: 2 days

Type: CONDO/TH

Status: ACTIVE

MLS #: S512932
 
Reduced 100,000 and 180 days on redfin

Original list price 390,000

23412 Pacific Park DR #29b

Aliso Viejo, CA 92656

asking Price: $350,000

Last sale 06/08/2006 $447,000

Beds: 2

Baths: 2

Sq. Ft.: 1,127

$/Sq. Ft.: $311

Lot Size: 1,127 sq. ft.

Type: Condominium

Style: Cape Cod

Year Built: 1992

Stories: One Level

Area: Aliso Viejo

County: Orange

MLS#: S488629

Status: Active

On Redfin: 180 days
 
ns2524,





<a href="http://bubbletracking.blogspot.com/search/label/Ladera%20Ranch">BMIT covered the property 35 La Salle</a>. Big time fraud.
 
<p>cdm,</p>

<p>I checked out the website...thanks! I wish there were more pictures of the inside of the pink house, since it has many of the same stats as other Ranch homes for sale now. Those are selling for north of $600K, so it makes me wonder if the pink house is poor quality or it just happens to be in a neighborhood that is hurting big time right now.</p>
 
26255 VIA ROBLE #15, Mission Viejo, CA 92691

List Price: $320,000

Last Sale: 09/26/06

Sales Price: $470,000

Bedrooms: 2

Full Baths: 2

Partial Baths: 1

Square Feet: 1,044

Lot Size: N/A

Year Built: 1973

Listing Date: 11/16/07

On Market: 0 day

Type: CONDO/TH

Status: ACTIVE

MLS #: I101157

********************

25512 GRISSOM ROAD, Laguna Hills, CA 92653

List Price: $565,000

Last Sale: 05/26/05

Sales Price: $710,000

Bedrooms: 4

Full Baths: 2

Partial Baths: 0

Square Feet: 1,689

Lot Size: 7,308 Sq. Ft.

Year Built: 1969

Listing Date: 11/16/07

On Market: 0 day

Type: CONDO/TH

Status: ACTIVE

MLS #: S513096

***************************

26512 MONTIEL, Mission Viejo, CA 92691

List Price: $450,000

Last Sale: 03/10/06

Sales Price: $530,000

Bedrooms: 3

Full Baths: 3

Partial Baths: 0

Square Feet: 1,796

Lot Size: 1,900 Sq. Ft.

Year Built: 1976

Listing Date: 11/15/07

On Market: 1 day

Type: CONDO/TH

Status: ACTIVE

MLS #: F1743615

************************

22396 CAMINITO TECATE, Laguna Hills, CA 92653

List Price: $313,900

Last Sale: 01/31/07

Sales Price: $445,000

Bedrooms: 3

Full Baths: 2

Partial Baths: 0

Square Feet: 1,195

Lot Size: N/A

Year Built: 1982

Listing Date: 11/15/07

On Market: 1 day

Type: CONDO/TH

Status: ACTIVE

MLS #: S513009

************************

22 OVERTURE LANE, Aliso Viejo, CA 92656

List Price: $460,000

Last Sale: 06/04/04

Sales Price: $569,000

Bedrooms: 3

Full Baths: 2

Partial Baths: 0

Square Feet: 1,636

Lot Size: 2,947 Sq. Ft.

Year Built: 1992

Listing Date: 11/15/07

On Market: 2 days

Type: CONDO/TH

Status: ACTIVE

MLS #: F1743703

**********************

24191 LARKWOOD LANE, Lake Forest, CA 92630

List Price: $470,000

Last Sale: 08/30/05

Sales Price: $593,000

Bedrooms: 3

Full Baths: 2

Partial Baths: 0

Square Feet: 1,145

Lot Size: 7,568 Sq. Ft.

Year Built: 1964

Listing Date: 11/11/07

On Market: 6 days

Type: SFR

Status: ACTIVE

MLS #: S513058

*****************************

3 MAGNOLIA DR, Mission Viejo, CA 92694

List Price: $960,000

Last Sale: 11/03/05

Sales Price: $1,200,000

Bedrooms: 4

Full Baths: 3

Partial Baths: 0

Square Feet: 3,116

Lot Size: 6,000 Sq. Ft.

Year Built: 2003

Listing Date: 11/02/07

On Market: 15 days

Type: SFR

Status: ACTIVE

MLS #: H07162498

*******************
 
<p>Interesting comment from <a href="http://thehousingbubbleblog.com/?p=3747#comments">http://thehousingbubbleblog.com/?p=3747#comments</a></p>

<p><cite>Comment by El Pato<a href="http://thehousingbubbleblog.com/?p=3747#comment-1053630"></a></cite> </p>



2007-11-18 19:43:55



<p>OT but shocking. Citibank is valuing my San Diego condo 43% BELOW 2004 prices!! In nominal dollars no less!!</p>

<p>I got my mortgage statement today, which said “Did you know that you have equity, about $XXX.” </p>

<p>Well total value = equity + loan balance. I did the math and the value of my place came up 43% BELOW what condos sold for in my complex in 2004.</p>

<p>Tell me Citi doesn’t know we’re in for a blood bath. </p>


 
<p>I'm on an email list for a broker in the desert area. Here is one from an hour ago.... </p>

<p>Three properties in Rancho Mirage (Palm Springs area)...."Subject to lender's approval - seller is licensed RE agent", "Bank owned - not a short sale", "BANK REPO". "Bank recently painted the interior walls a nice desert color, new carpet to be installed". (didn't know they were putting ANY money into the repo's.. ) The first one is a nice house.</p>

<p>Heh---looks like I'll be buying a house here in a few years. It's tanking hard.</p>

<p><a href="http://desertareamls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Desertarea&PRGNAME=MLSLogin&ARGUMENT=xWHMEkDOPG9tZRRcK1k3YpeCK+wjI1ZIoA2mtIVHxzo=&KeyRID=1">MLS Client Detail Report(294)</a> </p>

<p>oop. Link appears dead. Cut and paste </p>

<p>http://desertareamls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Desertarea&PRGNAME=MLSLogin&ARGUMENT=xWHMEkDOPG9tZRRcK1k3YpeCK+wjI1ZIoA2mtIVHxzo=&KeyRID=1</p>
 
21421 MONTBURY DRIVE, Lake Forest, CA 92630

List Price: $1,075,876

Last Sale: 06/01/06

Sales Price: $1,200,000

Bedrooms: 4

Full Baths: 3

Partial Baths: 0

Square Feet: 2,300

Lot Size: 16,800 Sq. Ft.

Year Built: 1985

Listing Date: 11/15/07

On Market: 5 days

Type: SFR

Status: ACTIVE

MLS #: S513351

**********************

13 DOMINGUEZ STREET, Aliso Viejo, CA 92656

List Price: $539,900

Last Sale: 04/29/04

Sales Price: $635,000

Bedrooms: 3

Full Baths: 2

Partial Baths: 1

Square Feet: 1,479

Lot Size: 3,005 Sq. Ft.

Year Built: 1990

Listing Date: 11/19/07

On Market: 1 day

Type: SFR

Status: ACTIVE

MLS #: L24902

***********************

33 BAYLEY STREET, Mission Viejo, CA 92694

List Price: $409,900

Last Sale: $490,000 (10/10/2007)

Bedrooms: 3

Full Baths: 2

Partial Baths: 1

Square Feet: 1,540

Lot Size: N/A

Year Built: 2003

Listing Date: 11/20/07

On Market: 0 day

Type: CONDO/TH

Status: ACTIVE

MLS #: S513364

************************

22822 TAMORA DRIVE, Laguna Niguel, CA 92677

List Price: $455,000

Last Sale: 12/15/05

Sales Price: $625,000

Bedrooms: 2

Full Baths: 2

Partial Baths: 0

Square Feet: 1,369

Lot Size: 2,821 Sq. Ft.

Year Built: 1977

Listing Date: 11/15/07

On Market: 3 days

Type: CONDO/TH

Status: ACTIVE

MLS #: F1743733
 
A couple more losses in an "area that will not be affected" according to the local realtors.<p>


4 Eisenhower Lane, Coto de Caza<p>

3200 Sq ft sold in 2004 for $1,122,000 and sold in October 2007 for $1,050,000<p>


5 Hedgeland, Coto de Caza<p>

3960 sq ft sold in 2005 for $1,400,000 and sold in October 2007 for $1,320,000<p>


Still a few knife catchers out there? But, they don't care. Right? Because they are going to live in their home for the long haul and they don't care if their new purchase depreciates by 5 or 10 percent. Right? It sure as heck won't go much lower than that. Right? Right?
 
halfnote - Good question. I have been assured by the folks who live there, that Harbor View will not be affected by a downturn in the housing market. I will check it out and post anything of interest.
 
<a href="http://redfin.com/stingray/do/printable-listing?listing-id=567460">Short sale in newport</a>:








"POSSIBILITY OF R2 ZONING; APPROVED SHORT SALE BY LENDER. ULTIMATE BEACH HOUSE! RIDE YOUR CRUISER TO SABATINO'S AND THE BOARDWALK. BEACH LIVING, CONVENIENT TO ALL AMENITIES. LOVELY AS A SINGLE FAMILY RESIDENCE. FINLEY TRACT AREA ACROSS FROM LIDO. TWO LARGE MASTER SUITES, 1 LARGE VIEW DECK WITH PEEK OF THE BAY. CIRCULAR STAIRWAY AND 'GREAT ROOM' KITCHEN. 'FENCED IN YARD' IN REAR."
 
<p>I just looked at some homes in CDM and noticed that they are all asking more than the 2007 purchase price.(Only looked at a few)


Don't know if they haven't heard about the housing slump or if they really think they are immune.</p>
 
<p>I can only guess that they had a down payment.</p>

<p>I can't believe they are asking $1.3 million less than their 2006 sale price?!</p>
 
Here is some Harbor View, where the market will not have an effect.<p>




MLS # S501225 is listed at $1,799,000 for 102 days. Let's assume they get 95% of their asking price or $1,709,050. And assume they pay a commish of 5% or $85,453 for a net of $1,623,598. The 9/20/2004 sales price was $1,650,000, so this incurs a loss of $26,402.<p>


MLS # L23802 is listed at $1,700,000 for 129 days. 95% and a 5% commish nets $1,534,250. The sales price on 8/29/2005 was $1,546,000 for realized loss of $11,750.<p>


But, how about this WTH, (what the heck)? MLS # U7003064 is a nice 2,437 sq. ft. house on a 9,935 sq ft lot for which the owner is asking $3,095,000! Yup, over $3 mil. That's $1,270 per sq. ft. I guess they are holding for the long term, because as we all know, real estate always goes up over the long term. How long do you think the owner will have to hold this property to get $3,095,000? And how much is this costing the broker to list and market this property? Maybe the owner is also the broker, and they will wisely save big bucks by listing it themselves?
 
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