zovall_IHB
New member
Nice find ns2524! Here's the link: <a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1189289">http://www.redfin.com/stingray/do/printable-listing?listing-id=1189289</a>
Losses Outside of Irvine
- Thread starter CalGal_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
southoctracker_IHB
New member
<p>ns2524 - isn't it crazy how common these types of losses are becoming? Another thing that is surprising me is I've still been finding obvious flip attempts out there. I guess they could get lucky and find a buyer... </p>
ns2524_IHB
New member
<p>100,000+</p>
<p>26632 PEPITA DRIVE, Mission Viejo, CA 92691
Last Sale: 09/15/04
Sales Price: $739,000
List Price: $634,900
Bedrooms: 3
Full Baths: 2
Partial Baths: 1
Square Feet: 1,954
Lot Size: 6,600 Sq. Ft.
Year Built: 1967
Listing Date: 10/05/07
On Market: 1 day
Type: SFR
Status: ACTIVE
MLS #: S508283
</p>
<p>26632 PEPITA DRIVE, Mission Viejo, CA 92691
Last Sale: 09/15/04
Sales Price: $739,000
List Price: $634,900
Bedrooms: 3
Full Baths: 2
Partial Baths: 1
Square Feet: 1,954
Lot Size: 6,600 Sq. Ft.
Year Built: 1967
Listing Date: 10/05/07
On Market: 1 day
Type: SFR
Status: ACTIVE
MLS #: S508283
</p>
ns2524_IHB
New member
<p>300,000+</p>
<p> 24951 MUSTANG DRIVE, Laguna Hills, CA 92653
List Price: $1,249,900
Last Sale: 10/21/05
Sales Price: $1,500,000
Bedrooms: 4
Full Baths: 2
Partial Baths: 1
Square Feet: 2,580
Lot Size: 34,848 Sq. Ft.
Year Built: 1979
Listing Date: 10/05/07
On Market: 1 day
Type: SFR
Status: ACTIVE
MLS #: S508236
</p>
<p> 24951 MUSTANG DRIVE, Laguna Hills, CA 92653
List Price: $1,249,900
Last Sale: 10/21/05
Sales Price: $1,500,000
Bedrooms: 4
Full Baths: 2
Partial Baths: 1
Square Feet: 2,580
Lot Size: 34,848 Sq. Ft.
Year Built: 1979
Listing Date: 10/05/07
On Market: 1 day
Type: SFR
Status: ACTIVE
MLS #: S508236
</p>
ns2524_IHB
New member
<p></p>
<p>Mission Viejo, CA 92691
Last Sale: 03/07/05
Sales Price: $530,000
List Price: $449,900
Bedrooms: 3
Full Baths: 3
Partial Baths: 1
Square Feet: 1,678
Lot Size: 1,961 Sq. Ft.
Year Built: 1976
Listing Date: 10/04/07
On Market: 2 days
Type: CONDO/TH
Status: ACTIVE
MLS #: S508254
</p>
<p>Mission Viejo, CA 92691
Last Sale: 03/07/05
Sales Price: $530,000
List Price: $449,900
Bedrooms: 3
Full Baths: 3
Partial Baths: 1
Square Feet: 1,678
Lot Size: 1,961 Sq. Ft.
Year Built: 1976
Listing Date: 10/04/07
On Market: 2 days
Type: CONDO/TH
Status: ACTIVE
MLS #: S508254
</p>
CalGal_IHB
New member
<strong>1 Westchester Ct, Coto de Caza</strong>
MLS#: S489068
Tract: Tanglewood
4 bedroom, 3 bath, 3-car garage, 3195 sq ft, 10,142 lot size
Purchased: 09/22/04
Purchase Price: $1,175,000
List Prices: 05/20/07 $1,199,900; 07/30/07 $1,184,900; 08/08/07 $1,150,000
<u><strong>SOLD</strong></u>: 10/07 $1,114,000 (5 months to sell)
<strong> </strong>
<strong>LOSS assuming 5% RE Commission: $116,700 or 10%</strong>
MLS#: S489068
Tract: Tanglewood
4 bedroom, 3 bath, 3-car garage, 3195 sq ft, 10,142 lot size
Purchased: 09/22/04
Purchase Price: $1,175,000
List Prices: 05/20/07 $1,199,900; 07/30/07 $1,184,900; 08/08/07 $1,150,000
<u><strong>SOLD</strong></u>: 10/07 $1,114,000 (5 months to sell)
<strong> </strong>
<strong>LOSS assuming 5% RE Commission: $116,700 or 10%</strong>
CalGal_IHB
New member
<strong>63 S Gingham St, Rancho Santa Margarita</strong>
MLS # S483560
Area: Wagon Wheel
5 bedroom, 3 bath, 2841 sq. ft, 7,100 lot sz
HOA: $50
On Market since April 2007 (6 months)
Sale History: <strong>08/12/2005: $1,010,000</strong>; 11/19/1998: $380,000
<strong>They will be losing $340,000</strong> If they get their current asking price of $800k and assuming 5% re commission.
<strong><u>31% Loss</u></strong> (and it could be worse since it hasn’t sold yet!)
Taxes have not been paid either.
<u>List Prices:</u>
04/11/07 $1,100,000
05/08/07 $1,049,000
06/07/07 $999,000
08/09/07 $925,000
08/16/07 $899,000
08/22/07 $875,000
08/29/07 $850,000
09/05/07 $825,000
09/12/07 $800,000
MLS # S483560
Area: Wagon Wheel
5 bedroom, 3 bath, 2841 sq. ft, 7,100 lot sz
HOA: $50
On Market since April 2007 (6 months)
Sale History: <strong>08/12/2005: $1,010,000</strong>; 11/19/1998: $380,000
<strong>They will be losing $340,000</strong> If they get their current asking price of $800k and assuming 5% re commission.
<strong><u>31% Loss</u></strong> (and it could be worse since it hasn’t sold yet!)
Taxes have not been paid either.
<u>List Prices:</u>
04/11/07 $1,100,000
05/08/07 $1,049,000
06/07/07 $999,000
08/09/07 $925,000
08/16/07 $899,000
08/22/07 $875,000
08/29/07 $850,000
09/05/07 $825,000
09/12/07 $800,000
trrenter_IHB
New member
<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1185894">http://www.redfin.com/stingray/do/printable-listing?listing-id=1185894</a></p>
<p>Right across from Tustin Fields </p>
<p>Now listing at 599,000</p>
<p>
04/11/2006
$799,000
10.2%/yr
07/16/2004
$675,000
16.1%/yr
06/26/1998
$273,500
79.7%/yr
02/06/1998
$218,497
-3.6%/yr
05/26/1994
$250,000
--
</p>
<p>Right across from Tustin Fields </p>
<p>Now listing at 599,000</p>
<p>
04/11/2006
$799,000
10.2%/yr
07/16/2004
$675,000
16.1%/yr
06/26/1998
$273,500
79.7%/yr
02/06/1998
$218,497
-3.6%/yr
05/26/1994
$250,000
--
</p>
southoctracker_IHB
New member
<p>In Orange:
<a href="http://redfin.com/stingray/do/printable-listing?listing-id=1100406">http://redfin.com/stingray/do/printable-listing?listing-id=1100406</a></p>
<p>Last sales price: $661k
Current asking price: $480k
Loss assuming sale minus 6 percent selling costs: $209,800
Oh, and for a big loss in Coto, check this out : http://www.southoctracker.com/2007/10/225k-loser-in-coto.html</p>
<a href="http://redfin.com/stingray/do/printable-listing?listing-id=1100406">http://redfin.com/stingray/do/printable-listing?listing-id=1100406</a></p>
<p>Last sales price: $661k
Current asking price: $480k
Loss assuming sale minus 6 percent selling costs: $209,800
Oh, and for a big loss in Coto, check this out : http://www.southoctracker.com/2007/10/225k-loser-in-coto.html</p>
IrvineCommuter_IHB
New member
<p>That is an amazing agent. I mean there were only seven words in the description and yet he managed to misspell one of them. </p>
<p> </p>
<p> </p>
awgee_IHB
New member
CalGal - Two more notice of defaults in Coto; one on Loam which are the Toll Brothers homes that usually go for over $2mil and one on Avena which is Los Ranchos Estates. An NOD in Los Ranchos? What is up with that? I will have to go check that out. There can't be more than two or three homes on Avena and there may be only one.
southoctracker_IHB
New member
<p>Here's a train wreck in Santa Ana... $212k loss in about 8 months if a sale at this price and 6 percent selling costs:
<a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1088865">http://www.redfin.com/stingray/do/printable-listing?listing-id=1088865</a></p>
<p>Description, my emphasis in bold: Great Property for first time buyers. Recently painted. Great <strong>loactionn</strong> close to everything. Excellent location. <strong>Garage has been converted can help with extra income.</strong> </p>
<a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1088865">http://www.redfin.com/stingray/do/printable-listing?listing-id=1088865</a></p>
<p>Description, my emphasis in bold: Great Property for first time buyers. Recently painted. Great <strong>loactionn</strong> close to everything. Excellent location. <strong>Garage has been converted can help with extra income.</strong> </p>
CalGal_IHB
New member
<p>Almost half a million dollars and you only get 1 bathroom.</p>
Major Schadenfreude_IHB
New member
<p><strong>"Garage has been converted can help with extra income.</strong> "</p>
<p>Garage has been converted? To what, an ATM?</p>
<p>Garage has been converted? To what, an ATM?</p>
CalGal_IHB
New member
LOL
CalGal_IHB
New member
I wonder if it's a legal conversion with permits and all.
graphrix_IHB
New member
A conversion in Santa Ana that is legal with permits. Now that is funny.
Gohabsgo_IHB
New member
<p>Can someone explain how this sale history? How can it go for $550,000? Family member? Error from redfin?</p>
<p>$1,534,000 on 12/10/2004, then</p>
<p>$550,000 on 06/30/2006, now priced at </p>
<p>$1,899,000</p>
<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1178566">http://www.redfin.com/stingray/do/printable-listing?listing-id=1178566</a></p>
<p>$1,534,000 on 12/10/2004, then</p>
<p>$550,000 on 06/30/2006, now priced at </p>
<p>$1,899,000</p>
<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1178566">http://www.redfin.com/stingray/do/printable-listing?listing-id=1178566</a></p>
graphrix_IHB
New member
Error.
ns2524_IHB
New member
In Realtor terms: "Simply wow!"
23235 CAMINITO ANDRETA #48, Laguna Hills, CA 92653
List Price: $309,500
Last Sale: 07/14/05
Sales Price: $475,000
Bedrooms: 3
Full Baths: 2
Partial Baths: 0
Square Feet: 1,200
Lot Size: N/A
Year Built: 1975
Listing Date: 10/08/07
On Market: 1 day
Type: CONDO/TH
Status: ACTIVE
MLS #: S508504
Caminitos are going down fast.
23331 CAMINITO ANDRETA #133, Laguna Hills, CA 92653
List Price: $345,000
Last Sale: 12/04/06
Sales Price: $435,000
Bedrooms: 3
Full Baths: 2
Partial Baths: 0
Square Feet: 1,225
Lot Size: N/A
Year Built: 1982
Listing Date: 10/08/07
On Market: 1 day
Type: CONDO/TH
Status: ACTIVE
MLS #: P604082
23235 CAMINITO ANDRETA #48, Laguna Hills, CA 92653
List Price: $309,500
Last Sale: 07/14/05
Sales Price: $475,000
Bedrooms: 3
Full Baths: 2
Partial Baths: 0
Square Feet: 1,200
Lot Size: N/A
Year Built: 1975
Listing Date: 10/08/07
On Market: 1 day
Type: CONDO/TH
Status: ACTIVE
MLS #: S508504
Caminitos are going down fast.
23331 CAMINITO ANDRETA #133, Laguna Hills, CA 92653
List Price: $345,000
Last Sale: 12/04/06
Sales Price: $435,000
Bedrooms: 3
Full Baths: 2
Partial Baths: 0
Square Feet: 1,225
Lot Size: N/A
Year Built: 1982
Listing Date: 10/08/07
On Market: 1 day
Type: CONDO/TH
Status: ACTIVE
MLS #: P604082