2003 Prices or Rollbacks

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http://www.redfin.com/CA/Hidden-Hills/23763-Oakfield-Rd-91302/home/3297297

23763 Oakfield Rd

Hidden Hills, CA 91302

Price: $1,699,500

Beds: 5

Baths: 4

Sq. Ft.: 4,050

$/Sq. Ft.: $420

Lot Size: 1.71 Acres

Property Type: Single Family Residence

Style: Spanish

Year Built: 2002

Stories: 2 Levels

Area: West South SFV

County: Los Angeles

MLS#: P653883

Source: SoCalMLS

Status: Active

On Redfin: 6 days

*** SOLD FOR $3,200,000 IN 2007! 5 BED / 4 BA HOME WITH 3 CAR GARAGE! FEATURES: This is an amazing home in a guard gated equestrian community, wood flooring through out the house, beautiful designed wrought iron up the stairway, recessed lighting, vaulted ceilings, cozy fireplace, gorgeous kitchen with island and granite counter tops, tile bathrooms, laundry area, master bedroom with walk in closet and private fireplace, come and see!!

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This is a bank REO now. It looks like there were first and second mortgages totalling $2.4 million. If so, the owner lost $800k of their own money in about a year and the lender on the second mortgage was wiped out. Bet that came as a surprise to the lender on the second mortgage. Wells Fargo now owns it.

How does someone with $800k down lose a house in 13 months? Something doesn't look right at all here. 47% off in just one year. This looks like about a 2003 rollback, in a neighborhood that is thought of as wealthy. Median family income is $100k. The entire town is a gated community.
 
Remember when folks were saying the high end was immune, and now the saying is, "The high end id effected, but will not fall like the lower end.

Here is a 2003 rollback in Coto. IIRC, the owners were still occupying this home a month or so ago, and they are selling because of a job relocation to Ohio. I wonder if the company is picking up the loss.

2 Leatherwood
 
27% loss from 2006 price and the bank has it for sale for close to the 2003 price. Ouch. I think this is actually North Tustin or close to it.

19602 Marcy Dr

Santa Ana, CA 92705

Price: $867,500

Beds: 4

Baths: 4

Sq. Ft.: 5,000

$/Sq. Ft.: $174

Lot Size: 0.47 Acres

Sales History

Jun 28, 2002 $750,000

Oct 14, 2003 $860,000

Oct 27, 2006 $1,200,000

Aug 21, 2008 $1,113,543

http://www.redfin.com/CA/Santa-Ana/19602-Marcy-Dr-92705/home/4432903

http://i-0.rfimg.us/photo/46/bigphoto/501/U8004501_0.jpg

http://i-0.rfimg.us/photo/46/bigphoto/501/U8004501_3_0.jpg
 
It's either North Tustin or Cowin Heights.

Four years from now, 'upgrades' aka pergranteel will be so out of fashon you won't believe it.

My prediction - formica countertops. Bet it.
 
9 Hollyhock Dr Irvine, CA 92602

Price: $567,000

Beds: 3

Baths: 3

Sq. Ft.: 1,700

$/Sq. Ft.: $334

Lot Size: 4,027 Sq. Ft.

Year Built: 1998

Sales History

Oct 22, 1999 $288,000

Jun 29, 2004 $679,000

Jul 02, 2008 $600,555

genMid.P661034_0.jpg
 
315 Fernleaf Ave Corona Del Mar, CA 92625

Did this condo really sell for 1.4 million? I know CDM is nice, but still . . .

Oct 22, 2008 Price Changed $799,000 -- SoCalMLS #S537204

Oct 13, 2008 Relisted -- -- SoCalMLS #S537204

Sep 29, 2008 Off Redfin -- -- SoCalMLS #S537204

Aug 23, 2008 Price Changed $650,000 -- SoCalMLS #S537204

Jul 21, 2008 Price Changed $899,000 -- SoCalMLS #S537204

Jun 20, 2008 Listed $839,000 -- SoCalMLS #S537204

Jan 22, 2007 Sold $1,400,000 >1,000%/yr Public Records

Aug 30, 2006 Sold $83,500 -51.3%/yr Public Records

Jun 09, 2003 Sold $850,000 -- Public Records

S537204_14_0.jpg
 
17671 Anglin Ln

Tustin, CA 92780

Price: $590,000

Beds: 4

Baths: 3

Sq. Ft.: 3,231

$/Sq. Ft.: $183

Lot Size: 7,500 Sq. Ft.

Property History for 17671 Anglin Ln

Dec 02, 2008 Price Changed $590,000 -- SoCalMLS #P661525

Nov 07, 2008 Price Changed $550,000 -- SoCalMLS #P661525

Nov 03, 2008 Price Changed $599,000 -- SoCalMLS #P661525

Oct 21, 2008 Listed $650,000 -- SoCalMLS #P661525

Dec 02, 2003 Sold $657,000 32.1%/yr Public Records

Aug 05, 2003 Sold $600,000 -- Public Records

http://i-0.rfimg.us/photo/46/bigphoto/525/P661525_0.jpg

http://www.redfin.com/CA/Tustin/17671-Anglin-Ln-92780/home/4446835
 
thanks skek

now check out 1717, backup offers at $799k after two weeks on the market.

and how about 1929, sitting on 1/3 ac, REOd for 1054, and now down to $858k with no offers after six months.

1/3 acre!
 
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