Losses Outside of Irvine

NEW -> Contingent Buyer Assistance Program
<p>Ouch! $165K loss in 1 year.</p>

<p>12041 Reva DR


Garden Grove, CA 92840 </p>

<p>Price: $550,000 </p>

<p>$/Sq. Ft.: $282 </p>

<p>Beds: 4


Baths: 3


Sq. Ft.: 1,950</p>

<p>Sale History:</p>

<p>10/03/2006 $715,000


07/22/2003 $369,000 </p>

<p><img alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/159/P603159_0.jpg" /></p>

<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1182294">http://www.redfin.com/stingray/do/printable-listing?listing-id=1182294</a></p>
 
$715K for THAT?! Even by bubble standards, whoever was crazy enough to make that purchase deserves to be a bag holder...unfortunately, odds are they are going to lose a lot more than $165K on this one.
 
<p>Timberrrrrrrrrrrrrrrrrrrrrrrrr!</p>

<p>27 MERRILL HILL, Mission Viejo, CA 92694


List Price: $1,200,000


Last Sale: 09/01/05


Sales Price: $1,550,000


Bedrooms: 5


Full Baths: 4


Partial Baths: 1


Square Feet: 3,597


Lot Size: 8,500 Sq. Ft.


Year Built: 2002


Listing Date: 11/06/07


On Market: 0 day


Type: SFR


Status: ACTIVE


MLS #: S511943


</p>
 
Posted earlier, but I had seen it myself and was wondering. Does the $980,000 seem right for a 4 BR MV house... very average looking at that (although large). Seems fishy.



21841 ONTUR, Mission Viejo, CA 92692**

List Price: $650,000

Last Sale: 03/31/06

Sales Price: $980,000

Bedrooms: 4

Full Baths: 3

Partial Baths: 0

Square Feet: 3,097

Lot Size: 5,000 Sq. Ft.

Year Built: 1979

Listing Date: 10/31/07

On Market: 2 days

Type: SFR

Status: ACTIVE

MLS #: S511505



The big question is how are banks absorbing all these losses. They can't. The implosion seems inevitable at this point.
 
Can someone find the history of <a href="http://tinyurl.com/3cmx6e">this</a> Santa Ana property that is now REO? It's listed for $444,900, but the taxes are stated to be $7143 annually. I think some bank took a very big haircut on this one.
 
1419 NORTH ROSS STREET, Santa Ana, CA 92706



Sale History

09/05/2007: $541,892

03/08/2006: $640,000

05/10/2005: $587,500

No other sale data is available



I was actively looking across 17th in the Floral Park neighborhood because, well, it's a neighborhood and not suburban hell. But as nice as the area is, the area directly surrounding it is going to hell because of the strains of population density that Santa Ana can't seem to shake.
 
Floral Park proper, and West Floral Park are ok, but as you noted the area surrounding it is not as nice. Park Santiago is ok, but will take a bigger hit value-wise in the downturn. Some pockets of Washington Square are ok, but that neighborhood, too, is not quite as nice as FP and WFP.
 
99% sure this is a mistake in Redfin. But could you imagine if this were real?





<a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1107527">31401 Ceanothus DR</a>

Laguna Beach, CA 92651


<strong>Price:</strong> $1,995,000











<strong>Date</strong>

<strong>Price</strong>

<strong>Appreciation</strong>





10/03/2005

$2,825,000



25.7%/yr







07/22/1996

$345,000



--








 
Why would you think that's an error?



Frankly, that looks pretty standard to me. Based on multiples, that propertys 1996 value is about the same as the one I live in.
 
<p>The last sale is what I would find hard to believe. If it were real, the loss would be almost $950k if this sold now. From what I've seen, just about all owners in Laguna who are trying to sell think their properties have continued to appreciate since 2005. Recent sales would tell you if they're right or not.</p>
 
<strong>$427,900</strong> loss in SJC including sales costs in 2 years...





<a href="http://redfin.com/stingray/do/printable-listing?listing-id=600741">31441 Paseo Caliz</a>

San Juan Capistrano, CA 92675


Price: $1,190,000








11/03/2005:

$1,546,500








 
This must have been fraud? Who is going to walk away from $500k???



Was on Redfin for $550,000 11/01/07 and no longer listed. There is a realtor sign in the window, I drove by it yesterday.



http://www.redfin.com/stingray/do/printable-listing?listing-id=1114926



249 OGLE ST APT A, COSTA MESA, CA 92627-7319



Sales History

Date Price Appreciation

08/20/2007 $423,627 -55.2%/yr

09/01/2006 $920,000 320.0%/yr

07/11/2006 $750,000 12.7%/yr

05/19/2005 $654,000 21.8%/yr

10/16/1990 $37,000
 
Caliguy2699,



The price of Ceanothus looks real to me - look at the original list price of $2.7 mil from Sept 4 and also the assessed value. Notice that the house went back on the market on Oct 18. It probably didn't appraise out to get that kind of asking price. The seller must have paid too much for it in 2005. That was the top of the market in Laguna. I know because we sold the family home in Laguna right around that time and have been watching prices there ever since, being ever so thankful we sold when we did. Our Laguna house sold for CASH of $1.6 mil on the FIRST day it was openly listed. Rich lady was buying the house for her son and his 7 mo. pregnant wife, wanted them to be in her neighborhood. Also the listing includes plans for an addition. They must have decided it was not what they wanted to do after all. Some people (rich) are loose with their money - they want something, they buy it whatever the cost because they can afford it. They probably want to live somewhere else and are tired of dealing with the house being on the market. Maybe they can afford to take a loss to offset capital gains on their taxes. There are always possible reasons for price reductions that may not be apparent to the eye, including bad home inspection reports.



CM_Dude,



The price of Ogle St. is for Apt. A. This is a multi-family dewlling. The past purchase price was probably for two units, now they only want to sell one of them.
 
Savvysuzzy,



You may be right, but it doesn't appear so from a drive by. The lot has 5 units, three attached in the back along the alley, and two units freestanding up front, of which #A is one of them. I may be wrong, but the sign is in an upstairs window, and before the listing was taken down, the pictures portrayed it as one unit.



Thanks!!
 
<p>No end in sight</p>

<p>13 GOLDBRIAR WAY, Mission Viejo, CA 92692


List Price: $799,999


Last Sale: 12/21/04


Sales Price: $895,000


Bedrooms: 4


Full Baths: 2


Partial Baths: 1


Square Feet: 3,455


Lot Size: 7,100 Sq. Ft.


Year Built: 2001


Listing Date: 11/07/07


On Market: 3 days


Type: SFR


Status: ACTIVE


MLS #: U7004731


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


23 LAURELHURST, Mission Viejo, CA 92694**


List Price: $719,000


Last Sale: 03/28/06


Sales Price: $885,000


Bedrooms: 4


Full Baths: 2


Partial Baths: 1


Square Feet: 2,434


Lot Size: 8,500 Sq. Ft.


Year Built: 2000


Listing Date: 11/07/07


On Market: 3 days


Type: SFR


Status: ACTIVE


MLS #: S512052


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


2 HEMPSTEAD, Mission Viejo, CA 92694


List Price: $675,000


Last Sale: 12/07/05


Sales Price: $885,000


Bedrooms: 3


Full Baths: 2


Partial Baths: 1


Square Feet: 2,400


Lot Size: 5,000 Sq. Ft.


Year Built: 2000


Listing Date: 11/07/07


On Market: 3 days


Type: SFR


Status: ACTIVE


MLS #: S512090


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


23162 TULIP STREET, Lake Forest, CA 92630


List Price: $583,900


Last Sale: 05/12/06


Sales Price: $735,000


Bedrooms: 4


Full Baths: 2


Partial Baths: 0


Square Feet: 1,785


Lot Size: 7,920 Sq. Ft.


Year Built: 1965


Listing Date: 11/08/07


On Market: 2 days


Type: SFR


Status: ACTIVE


MLS #: S512178


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


9 BREAKERS LANE, Aliso Viejo, CA 92656


List Price: $359,900


Last Sale: 02/01/06


Sales Price: $485,000


Bedrooms: 2


Full Baths: 2


Partial Baths: 0


Square Feet: 917


Lot Size: N/A


Year Built: 1996


Listing Date: 11/08/07


On Market: 2 days


Type: CONDO/TH


Status: ACTIVE


MLS #: S512332


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


93 MARTINIQUE STREET #295, Laguna Niguel, CA 92677


List Price: $330,900


Last Sale: 12/12/05


Sales Price: $420,000


Bedrooms: 3


Full Baths: 2


Partial Baths: 0


Square Feet: 1,100


Lot Size: N/A


Year Built: 1984


Listing Date: 11/09/07


On Market: 1 day


Type: CONDO/TH


Status: ACTIVE


MLS #: S512372


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


25472 MAXIMUS STREET, Mission Viejo, CA 92691


List Price: $699,900


Last Sale: 03/15/06


Sales Price: $799,000


Bedrooms: 5


Full Baths: 3


Partial Baths: 0


Square Feet: 3,224


Lot Size: 9,739 Sq. Ft.


Year Built: 1969


Listing Date: 11/09/07


On Market: 0 day


Type: SFR


Status: ACTIVE


MLS #: S512354


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


23740 SEA BREEZE LANE #19, Laguna Niguel, CA 92677


List Price: $354,900


Last Sale: 11/15/05


Sales Price: $460,000


Bedrooms: 3


Full Baths: 2


Partial Baths: 0


Square Feet: 944


Lot Size: N/A


Year Built: 1983


Listing Date: 11/06/07


On Market: 0 day


Type: CONDO/TH


Status: ACTIVE


MLS #: S511858


***********


23457 VIA SAN GABRIEL, Aliso Viejo, CA 92656


List Price: $350,000


Last Sale: 07/18/06


Sales Price: $473,000


Bedrooms: 3


Full Baths: 2


Partial Baths: 0


Square Feet: 1,236


Lot Size: 2,351 Sq. Ft.


Year Built: 1970


Listing Date: 11/05/07


On Market: 2 days


Type: CONDO/TH


Status: ACTIVE


MLS #: S5119


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


27485 VELADOR, Mission Viejo, CA 92691


List Price: $514,500


Last Sale: 10/28/04


Sales Price: $599,000


Bedrooms: 4


Full Baths: 2


Partial Baths: 0


Square Feet: 1,123


Lot Size: 5,400 Sq. Ft.


Year Built: 1977


Listing Date: 11/08/07


On Market: 1 day


Type: SFR


Status: ACTIVE


MLS #: S512151


</p>
 
You must log in or register to reply here.
Back
Top