So Sorry. The address is 1 Sawgrass, 92679. It is actually a nice property.
Here is another one in the 92679, behind the gates with The Housewives.
6 Willowbend Road went back to the bank yesterday for the opening bid amount of $873,900.76. The notice of sale amount was $1,087,106.07. A query for you foreclosure experts: Is the notice of sale amount the amount that was owed on the first? Or the total amount owed? Or what?
Anyways, 6 Willowbend's last sale was May 25, 2005 for $1,175,000 according to Zillow. That is a loss of 26%, ($301,900.76), in just under two years.
The realtors in Coto like to say there are only two bank owned properties in Coto.
<strong>NOT!</strong>
There are only two bank owned properties in Coto that are presently on the market and listed as For Sale. I personally know of two others and I have not even made much effort to discover. Those I know about just fell into my lap.
3 Palomino went back to the bank for just a bit over $1,405,000. It was last listed at about $1,950,000 a month or so ago, and the last sale was for $1,800,000 on June 8, 2005. That is a drop in value of $395,000 or 22% in less than two years.
And all the Coto realtors like to explain how Coto will not decline in price like the "other" sections of Orange County. Maybe the high end is immune.
And then again, maybe not.
Thanks to Graphrix and Eva for their graciousness and willingness to share their valuable time and knowledge with a slow one.