Properties to Feature on the Blog

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IrvineRenter_IHB

IrvineRenter_IHB

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I am not the only one watching the market and noticing interesting properties. Any of you who wish to contribute a property you find interesting, please post it here. The property must be in Irvine to make the front page of the blog. Here are the categories I look for:





Flips -- any house for sale that was purchased in the last year.





Knife-Catchers -- a special flip where a house is put up for sale within 6 months of purchase, preferably within 30 to 60 days.





Rollbacks -- houses with an asking price below a previous purchase price. The farther back the purchase date the better.





WTF -- prices so high, so ridiculous that they are beyond wishing prices.





Miscellaneous -- any very unique property or situation that may have a larger story to tell.





Any suggestions will be welcome. I will look at each property, but not all of them will make the main blog.





Thank you for contributing to the fun .
 
<cite>Comment by Irvine_native</cite> |<a href="http://www.irvinehousingblog.com/wp-admin/comment.php?action=editcomment&c=7476" linkindex="49">Edit This</a>

2007-06-26 05:49:56



<p>Add this woodbridge home to your WTF file. This home has been for sale since 04/03/2006 and it is a fixer.</p>

<p>1 CEDARGLEN #29, Irvine, CA 92604


Bedrooms: 3


Full Baths: 1


Partial Baths: 1


Square Feet: 1,123


List Price: $535,500</p>
 
<p>File under Misc: <strong>2700 LADRILLO AISLE #46, Irvine, CA 92606</strong></p>

<p>368 DOM! Piss-ant reductions with one increase. Not enough comps in this tract to see a trend, but comp-busters are popping-off elsewhere in Westpark. There a special kind of denial in Brio... I love watching this tract.</p>
 
<p>Roses are red but the sellers in 92603 do not know that appreciation is dead.</p>

<p>41 Rose Trellis up for auction on 7/6 with a notice of sale amount of $1.426mil. It was postponed before because they filed BK, so it will most likely be postponed again.</p>

<p>30 Crimson Rose up for auction 8/1 with a notice of sale amount of $1.08mil. but there is a $380k second mortgage too.</p>

<p>What will happen to the neighbors who have their home for sale if it does go back to the bank? </p>

<p>21 Rose Trellis $2.15mil., 27 Rose Trellis $2.195., 32 Rose Trellis $1.55mil., and 35 Rose Trellis $2.199.</p>

<p>28 Crimson Rose $1.899mil., 37 Crimson Rose $1.995mil., 46 Crimson Rose $1.684mil., and 47 Crimson Rose $1.975mil.</p>

<p>Also for sale in the tract are 26 Hedgerow $1.75mil., 22 Tallhedge $1.75mil., 24 Trumpet Vine $1.7mil., and the two on Shady Lane (If anyone knows of a mortgage broker that lives here I would love to know about it) 28 $2.05mil. and 32 $1.895mil.</p>

<p>Just like a knife when you try to catch a falling rose the thorns can hurt. </p>
 
oc_fliptrack,





Redfin shows this at around 120 days on the market in two different listings. Is this a recycled listing you have been tracking?
 
<p>Hmm. On zip:</p>

<p>E701617 at 127 days</p>

<p>M102648 at 369 days</p>

<p>Both are showing active. I don't have any expired listings saved for this unit. </p>
 
from ns2524





MLS # Listdate Purchdt Listprc purchprc Address Loss


1 S489280 05/21/07 02/18/05 690000 729000 19 THREE RIVERS (-4740)


2 S487971 05/11/07 08/17/05 855000 869900 48 DECLARATION (-37294)


3 S489588 05/22/07 08/18/04 509000 529000 20 TAQUITZ (-11740)


4 S491684 06/07/07 12/14/05 740000 734900 58 DEERMONT (-49194)


5 S491713 06/07/07 05/31/06 712500 649999 75 BURLINGAME (-101501)


6 S492047 06/09/07 03/30/04 1085000 1150000 2 MONROVIA (-4000)


7 P585080 06/22/07 02/17/06 610000 564000 18 SAGAMORE (-79840)


8 S488721 05/16/07 11/23/05 660000 699000 83 VERMILLION (-2940)


9 S489918 05/26/07 07/15/05 583500 615000 70 DOVETAIL (-5400)


10 S490530 05/31/07 09/23/05 710000 749000 38 MORNING STAR #43 (-5940)


11 S491709 06/07/07 06/06/06 888000 835000 48 PAPERWHITE (-103100)


12 K07084046 06/07/07 09/13/04 750000 719900 213 LONETREE (-73294)


13 P578333 05/17/07 12/12/05 642500 679000 14651 DEER PARK STREET (-4240)


14 S489460 05/23/07 12/16/05 595000 599900 15 MARSALA (-31094)


15 U7002468 06/06/07 10/28/05 795000 789900 14911 SUMAC AVENUE (-52494)


16 P582566 06/09/07 10/31/06 1300000 1213000 11 SANTA RIDA (-159780)


17 S486275 05/01/07 07/01/05 520000 549000 87 LEHIGH AISLE #60 (-3940)


18 F1716162 05/23/07 08/23/05 545000 559900 17252 CHESTNUT (-18694)


19 S490049 05/27/07 08/23/05 565000 589000 17316 PEACH (-11340)


20 P580173 05/29/07 12/21/05 600500 590000 2341 WATERMARKE PLACE (-45900)


21 S488320 05/14/07 05/28/04 480000 499000 24 WOODLEAF (-10940)


22 P564452 03/06/07 03/14/06 570000 539900 40 GREENMOOR (-62494)


23 S486654 05/03/07 02/01/06 516000 519900 23 HEATHERGREEN (-27294)


24 C07071321 05/15/07 04/21/06 775000 799800 15 LILIANO (-23188)


25 M106609 05/14/07 04/21/06 775000 799800 15 LILIANO (-23188)


26 S490243 05/28/07 11/22/05 403000 417000 103 ROCKWOOD #51 (-11020)


27 C680909 01/15/07 10/24/05 469000 449900 3 WOODLEAF (-46094)


28 S489532 05/23/07 09/09/05 620000 649000 3 MADAGASCAR (-9940)


29 S489605 05/24/07 07/29/05 605000 600000 9 ALEVERA (-41000)


30 S489835 05/25/07 10/10/06 610000 598000 55 DANBURY LANE (-47880)


31 S491814 06/08/07 05/10/04 565000 599900 38 DANBURY LANE (-1094)


32 S493537 06/20/07 06/23/05 650000 624900 8 LILAC (-62594)


33 S494103 06/24/07 06/06/05 630000 639777 73 ALEVERA STREET (-28610)


34 S486596 05/03/07 08/27/04 474000 440000 1520 TIMBERWOOD (-60400)


35 S487326 05/07/07 04/26/06 575000 598500 34 MAGELLAN AISLE (-12410)


36 S488817 05/17/07 09/22/04 630000 665000 30 APPOMATTOX (-4900)


37 S488313 05/15/07 12/15/05 340000 335000 79 LAKEPINES (-25100)


38 P577361 05/11/07 04/13/05 964000 999999 65 BAMBOO (-24001)


39 S489497 05/23/07 01/30/06 575000 570000 54 PAISLEY (-39200)


40 P579283 05/22/07 03/20/06 410000 404900 10 VAN BUREN #308 (-29394)


41 S490076 05/28/07 02/02/06 660000 699800 51 FULTON (-2188)


42 U7002328 05/30/07 12/13/05 335000 314900 132 PINEVIEW (-38994)
 
#1

For sale by agent

25 Heathergreen 137

Irvine, CA 92614

Last Sale: 06/03/03

Purchase Price: $425,000

Asking Price 601,000

Drop the price 50,000 and do it your self

For sale by owner

<a href="http://www.forsalebyowner.com/listing/45448">http://www.forsalebyowner.com/listing/45448</a>



#2

Flipper in deep dodo

For sale by owner

29 Fremont

Irvine, CA 92620

Asking 720,000

Purchase Date: 06/28/07

Purchase price: 670,000



Price drop to 679,000 and let the pro handle it <a href="http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=S488298&page=1&property_type=SFR&mls=mls_so_cal&cKey=gj0hfs4t&source=SOCALMLS">http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=S488298&page=1&property_type=SFR&mls=mls_so_cal&cKey=gj0hfs4t&source=SOCALMLS</a>



#3

4 STARLIGHT


IRVINE, CA

<strong>bought 8/26/05 1,340,000</strong>



<strong>for sale by owner asking 1,399000</strong>

<a href="http://www.forsalebyowner.com/listing/EA044"><strong>http://www.forsalebyowner.com/listing/EA044</strong></a>




 
How about MLS # P565268. The asking price seems very low for a new SFR (new Northwood). What looks to be the same house (but newer) is asking approx $70K more (MLS # S494594). Do we have a flipper in trouble?
 
<p>They were purchased in 2004 and 2006 with price of 792500 and 847500 a 55000 diff. So naturally one is asking for more and yes he is in trouble. Anything bought in 2006 is selling at loss. I haven't come accross one that has sold with profit.</p>

<p> </p>

<p> </p>
 
<p>Here is one from turtle ridge.. the owner bought is as a flip and never lived in it. </p>

<p>The seller has also spent lots of $$$ in upgrades and is including 3 flatscreens in the purchase. Id say this ends up being over 100K loss</p>

<p>71 Canyoncrest, Irvine CA 92603</p>
 
<p>2401 LADRILLO AISLE #50, Irvine, CA 92606</p>

<p><strong>Price Reduced</strong>: 06/13/06 -- $589,900 to $559,000</p>

<p><strong>Price Reduced</strong>: 07/02/06 -- $559,000 to $549,000</p>

<p><strong>Price Reduced</strong>: 08/15/06 -- $549,000 to $539,000</p>

<p><strong>Price Reduced</strong>: 05/11/07 -- $519,000 to $498,000</p>

<p><strong>Price Reduced</strong>: 07/06/07 -- $498,000 to $470,000</p>

<p><strong>Current Price</strong>: $470,000 </p>

<p>







Sale History









<th scope="row">01/19/2006:</th>

$515,000







</p>

<p><strong>MLS</strong>: S442585 (old)</p>

<p><strong>MLS</strong>: S452293 (old)</p>

<p><strong>MLS</strong>: S466591 (old) </p>

<p><strong>MLS</strong>: S482551 (old)</p>

<p><strong>MLS</strong>: S483934 (current)</p>

<p><em>*********short sale, short sale, short sale******* immaculate move in condition property located in the heart of irvine. Spacious living room with vaulted ceilings. Granite kitchen counter with new stainless steel appliances. Private location with a two car direct access garage. Great association with pools, spa and tennis. Formal dining and living room with a cozy fireplace. Just a short walk to the plaza vista elementary school and shopping and entertainment.</em></p>

<p>This is a nice little comp-buster. Brio and Aventura have been snoozing-away the crash so far, with little movement and few sales.</p>
 
<p>Error or stupidity?</p>

<p>21521 KENMARE DR, Lake Forest, CA 92630**


Asking price 469,000


Purchse price 650,000


purchase data 1/26/07


<a href="http://www.ziprealty.com/buy_a_home/logged_in/search/estimated_value.jsp?listing_num=T07099971&page=1&property_type=CONDO&mls=mls_so_cal&cKey=p3ls4s73&source=MRMLS">http://www.ziprealty.com/buy_a_home/logged_in/search/estimated_value.jsp?listing_num=T07099971&page=1&property_type=CONDO&mls=mls_so_cal&cKey=p3ls4s73&source=MRMLS</a></p>
 
150,000 loss, what a difference a year makes



11 SOLSTICE, Irvine, CA 92602**

Asking Price 849,900

Purchase price $950,000

Purchase Date 07/31/2006

Listing Date: 07/14/07

From ZipRealty:

Bedrooms: 3

Full Baths: 2

Partial Baths: 1

Square Feet: 2,013

Lot Size: 5,800 Sq. Ft.

Year Built: 2002

Listing Date: 07/14/07

On Market: 0 day

Type: SFR

Status: ACTIVE

MLS #: S497016
 
ns2524 - That one is another one that actually sold at the foreclosure auctionon 6/27. The opening bid was $734,700.00 and it sold for $734,700.01. Yep a penny over and no one else bid after that. So really it is worth $734,700.01 to them but I don't know about anyone else.
 
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