muffdaddy_IHB
New member
I know this property isn't in Irvine, but check out the bloodbath here in Coto De Caza. <strong>6 TAIGA STREET, Coto De Caza, CA 92679</strong>
From ZipRealty:
<strong>Price Reduced: 01/10/07 -- $2,800,000 to $2,799,999</strong>
<strong>Price Reduced: 04/26/07 -- $2,799,999 to $2,799,000</strong>
<strong>Price Reduced: 06/27/07 -- $2,799,000 to $2,399,000</strong>
<strong>Price Reduced: 08/27/07 -- $2,399,000 to $2,349,000</strong>
<strong>Price Reduced: 09/26/07 -- $2,349,000 to $2,299,000</strong>
<strong>Price Reduced: 12/11/07 -- $1,999,900 to $1,899,900</strong>
<strong>Price Reduced: 12/17/07 -- $1,899,900 to $1,799,900</strong>
$1 million drop in 1 year.
Any guesses to why no takers? The house is sandwiched between two other McMansions, from the photos it seems to get barely any natural light. How much does it have to drop for it to be a "reasonable price?"
edit: oops. Sorry, should have posted this in the Losses outside Irvine Thread.
Here's another in Coto:
12 Bordeaux
Coto De Caza, CA 92679
Listed at $1,999,000.
sales history:
09/19/2005
$2,500,000
23.2%/yr
08/29/2002
$1,321,500
From ZipRealty:
<strong>Price Reduced: 01/10/07 -- $2,800,000 to $2,799,999</strong>
<strong>Price Reduced: 04/26/07 -- $2,799,999 to $2,799,000</strong>
<strong>Price Reduced: 06/27/07 -- $2,799,000 to $2,399,000</strong>
<strong>Price Reduced: 08/27/07 -- $2,399,000 to $2,349,000</strong>
<strong>Price Reduced: 09/26/07 -- $2,349,000 to $2,299,000</strong>
<strong>Price Reduced: 12/11/07 -- $1,999,900 to $1,899,900</strong>
<strong>Price Reduced: 12/17/07 -- $1,899,900 to $1,799,900</strong>
$1 million drop in 1 year.
Any guesses to why no takers? The house is sandwiched between two other McMansions, from the photos it seems to get barely any natural light. How much does it have to drop for it to be a "reasonable price?"
edit: oops. Sorry, should have posted this in the Losses outside Irvine Thread.
Here's another in Coto:
12 Bordeaux
Coto De Caza, CA 92679
Listed at $1,999,000.
sales history:
09/19/2005
$2,500,000
23.2%/yr
08/29/2002
$1,321,500