2003 Prices or Rollbacks

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This property is due west of Disneyland maybe 200 yards.

I wouldn't be so concerned about the powerlines. The fireworks 120 or so nights a year..........would drive me nuts.

They bother me over in Orange.
 
I currently live 1 mile from the park, and we are sometimes annoyed by the noise from the fireworks. I'm not sure how I'd feel living right underneath them.
 
36% loss from 2004 sale price, so again I'll assume that it's at the 2003 price or earlier. That is one hell of a price reduction!

570 North NOBLE

Orange, CA 92869

Price: $380,000

Price Reduced: 01/08/08 -- $650,000 to $610,000

Price Reduced: 02/18/08 -- $610,000 to $380,000

$/Sq. Ft.: $224

Beds: 4

Baths: 2

Sq. Ft.: 1,694

Lot Size: 6,901 Sq. Ft.

Sale History:

Jul 30, 2004 $600,000

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http://www.redfin.com/stingray/do/printable-listing?listing-id=1330835
 
I don't think they're expecting to sell at that price. I suspect this is to effectively put it up for auction so the owners can get a price and get out.
 
looks like the financial tsunami wave is headed from inland to the coast. Unfortunately it will crest and break on all those expensive beach cities.
 
A couple grand off a 2003 rollback in La Habra...

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301 N Hazel St

Asking price: $299,900

Purchase price: $296,545

Purchase date: 9/16/03

Description: PERFECT FOR THAT FIRST TIME BUYER WHO IS LOOKING FOR THAT DIAMOND IN THE ROUGH. A CHANCE TO OWN A HOME IN A LOCATION LIKE LA HABRA THIS IS A NICE HOME WALKING DISTANCE FROM EVERY THING YOU WOULD NEED. NOTE THIS IS A SHORT SALE
 
30% loss for the bank, and also less than 2003 price. Check out how often this place changed hands!

1619 West 12th ST

Santa Ana, CA 92703

Price: $349,900

$/Sq. Ft.: $231

Beds: 4

Baths: 2

Sq. Ft.: 1,517

Lot Size: 6,122 Sq. Ft.

Sale History:

Jan 20, 1988 $122,000

Jan 11, 1989 $145,000

Oct 18, 1990 $189,000

Dec 06, 1996 $179,309

Jun 03, 1997 $114,000

Dec 03, 1997 $163,000

Jul 03, 2001 $220,000

Oct 21, 2002 $270,000

Nov 04, 2003 $355,000

Aug 10, 2007 $500,138

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http://www.redfin.com/stingray/do/printable-listing?listing-id=1221890
 
Wow $181 per square foot on that first one...no doubt these kind of places are seeing the worst of it right now - especially Lake Forest, San Juan and RSM. Even some Mission Viejo as well.
 
So far most 2003 roll backs have been either old smaller houses or conods. This particular one is 3 story one. Does that mean SFH will be next soon?
 
Oh so tempting Stuff. I need to resist the urge and wait to see what happens in Irvine. These kind of values will always be there in the outlying areas. Heck, they are bound to get even cheaper relative to Irvine...
 
That property's in Foothill Ranch, so it's in a good area as well. Very family friendly. The commute is a killer, though, unless you don't care about taking the toll road every day.

It's also tempting to also look at places out in RSM (like this one for $530k, see image below - not the best exterior color IMO), since you can get even more for your $. Really far out there and bad rush hour traffic, though.

S516768_0.jpg
 
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