2003 Prices or Rollbacks
- Thread starter ns2524_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
The bank is the one waving good-bye now. Oops. Their bad.
Maybe this one won't last long - but there will be plenty more to choose from.
caycifish_IHB
New member
19% less than May 2004 price in Orange. I'll call it 2003.
596 North Rancho Santiago BLVD
Orange, CA 92869
Price: $420,000
$/Sq. Ft.: $233
Beds: 4
Baths: 2
Sq. Ft.: 1,800
Lot Size: 7,235 sq. ft.
Sale History:
May 06, 2004 $520,000
Dec 06, 2004 $575,000
Jan 29, 2008 $486,390
http://www.redfin.com/stingray/do/printable-listing?listing-id=1615474
596 North Rancho Santiago BLVD
Orange, CA 92869
Price: $420,000
$/Sq. Ft.: $233
Beds: 4
Baths: 2
Sq. Ft.: 1,800
Lot Size: 7,235 sq. ft.
Sale History:
May 06, 2004 $520,000
Dec 06, 2004 $575,000
Jan 29, 2008 $486,390
http://www.redfin.com/stingray/do/printable-listing?listing-id=1615474
CalGal_IHB
New member
Purchased Price: $520,000
Listing Price: $420,000
Wave bye-bye to 100 Grand!
Listing Price: $420,000
Wave bye-bye to 100 Grand!
caycifish_IHB
New member
The bank is the one waving good-bye now. Oops. Their bad.
CalGal_IHB
New member
Maybe this one won't last long - but there will be plenty more to choose from.
no_vaseline_IHB
New member
If my unscientific observation of my neck of Orange means anything, there is a glut of phantom inventory sitting on the sidelines.......
graphrix_IHB
New member
It may be a foreclosure and not an actual sale, but this "North Tustin" home went back to the bank for $495k today. They paid $415k in January of 2001, and used the house as an ATM to have a NTS amount of $764k. Nearly a 2001 rollback, and it kills the $817k zestimate.
no_vaseline_IHB
New member
That house has monster potential for me.
The right neighborhood, the right size, the right number of floors, RV parking...............it's still too high but I can wait.
Thx G.
The right neighborhood, the right size, the right number of floors, RV parking...............it's still too high but I can wait.
Thx G.
ABC123_IHB
New member
I don't know if this is a 2003 rollback or not, but it is a huge drop. Two other houses on that street are listed for 1.5 million.
20 Silver CRES Irvine, CA 92603
Price: $799,900
Beds: 4 On Redfin: 1 day
Baths: 2 Year Built: 1977
SQ.FT.: 2,128 Lot Size: 6,741 sf
$/SQ.FT.: $376 MLS#: S529152
Status: Active
Last Sale: $1,299,000 (06/08/2007)
Listing: Re/Max Premier Realty
20 Silver CRES Irvine, CA 92603
Price: $799,900
Beds: 4 On Redfin: 1 day
Baths: 2 Year Built: 1977
SQ.FT.: 2,128 Lot Size: 6,741 sf
$/SQ.FT.: $376 MLS#: S529152
Status: Active
Last Sale: $1,299,000 (06/08/2007)
Listing: Re/Max Premier Realty
CalGal_IHB
New member
Wow, assuming 6% RE Commission, they lost $547k or 42% in less than a year! :gulp:
CalGal_IHB
New member
Cayci - love the new fish. 
caycifish_IHB
New member
Thanks! Nude made it for me! Anyhow, on with the rollbacks...
34% less than 2004 price in Tustin. Ouch.
14112 Del Amo AVE
Tustin, CA 92780
Price: $399,900
$/Sq. Ft.: $256
Beds: 3
Baths: 2
Sq. Ft.: 1,560
Lot Size: 7,906 sq. ft.
Sale History:
Apr 20, 1990 $143,000
Sep 05, 1997 $178,753
Apr 22, 1998 $185,500
Aug 30, 2004 $610,000
http://www.redfin.com/stingray/do/printable-listing?listing-id=1654906
34% less than 2004 price in Tustin. Ouch.
14112 Del Amo AVE
Tustin, CA 92780
Price: $399,900
$/Sq. Ft.: $256
Beds: 3
Baths: 2
Sq. Ft.: 1,560
Lot Size: 7,906 sq. ft.
Sale History:
Apr 20, 1990 $143,000
Sep 05, 1997 $178,753
Apr 22, 1998 $185,500
Aug 30, 2004 $610,000
http://www.redfin.com/stingray/do/printable-listing?listing-id=1654906
caycifish_IHB
New member
27% loss off of 2004 price in Anaheim.
1813 E Arbutus AVE
Anaheim, CA 92805
Price: $350,000
Beds: 3
Baths: 1.75
Sq. Ft.: 1,347
$/Sq. Ft.: $260
Lot Size: 6,885 Sq. Ft.
Sales History
Oct 05, 2004 $483,000
Redfin Link
1813 E Arbutus AVE
Anaheim, CA 92805
Price: $350,000
Beds: 3
Baths: 1.75
Sq. Ft.: 1,347
$/Sq. Ft.: $260
Lot Size: 6,885 Sq. Ft.
Sales History
Oct 05, 2004 $483,000
Redfin Link
Anonymous_IHB
New member
Don't know if this is 2003 price, but 31% off its Aug 2006 high in Newport Beach
http://www.redfin.com/stingray/do/printable-listing?listing-id=1427899
1814 Irvine AVE Newport Beach, CA 92660
Price: $899,900
Buy with Redfin and Save $17,998*
BEDS: 3
BATHS: 2
SQ. FT.: 2,014
$/SQ. FT.: $447
LOT SIZE: 8,175 Sq. Ft.
TYPE: Single Family Residence
STYLE: Traditional
YEAR BUILT: 1961
STORIES: One Level
AREA: West Bay - Santa Ana Heights
COUNTY: Orange
MLS#: U8000439
STATUS: Active
ON REDFIN: 90 days
UNSOLD IN 90+ DAYS
Bank Foreclosure and they want this sold NOW! Make offer. Charming 3 bedroom, 2 bath home with new upgrades including; flooring, cabinets, granite countertops, stainless steel appliances, fixtures, windows, water heater, furnace and more. Great schools, low tax rate and No Association.
Sales History
Date Price Appreciation
Aug 25, 2005 $950,000 --
Aug 16, 2006 $1,300,000 38.0%/yr
Dec 19, 2007 $1,037,698 -15.5%/yr
http://www.redfin.com/stingray/do/printable-listing?listing-id=1427899
1814 Irvine AVE Newport Beach, CA 92660
Price: $899,900
Buy with Redfin and Save $17,998*
BEDS: 3
BATHS: 2
SQ. FT.: 2,014
$/SQ. FT.: $447
LOT SIZE: 8,175 Sq. Ft.
TYPE: Single Family Residence
STYLE: Traditional
YEAR BUILT: 1961
STORIES: One Level
AREA: West Bay - Santa Ana Heights
COUNTY: Orange
MLS#: U8000439
STATUS: Active
ON REDFIN: 90 days
UNSOLD IN 90+ DAYS
Bank Foreclosure and they want this sold NOW! Make offer. Charming 3 bedroom, 2 bath home with new upgrades including; flooring, cabinets, granite countertops, stainless steel appliances, fixtures, windows, water heater, furnace and more. Great schools, low tax rate and No Association.
Sales History
Date Price Appreciation
Aug 25, 2005 $950,000 --
Aug 16, 2006 $1,300,000 38.0%/yr
Dec 19, 2007 $1,037,698 -15.5%/yr
freedomCM_IHB
New member
I have to disagree with your $800s estimate.
Look up and down Irvine ave, and nicer houses were going for $500-$600 in 2001-2002. and traffic has become much worse along Irvine since then.
I think the bank will move it in the high $600s
Look up and down Irvine ave, and nicer houses were going for $500-$600 in 2001-2002. and traffic has become much worse along Irvine since then.
I think the bank will move it in the high $600s
irvine2010_IHB
New member
http://www.redfin.com/stingray/do/printable-listing?listing-id=989832
This west irvine house is close to 2003 prices
This west irvine house is close to 2003 prices
PadreBrian_IHB
New member
It's clear this winter will will have to rename the thread 2001/2002 Prices or rollbacks.
Personally, I think it will stop there though. The dollar is now only worth 50% of what it was worth in 2000...(heck of a job). Take an Irvine $400k tract home from 2000 ...which should equate to 800k today. The problem is that WAGES have NOT doubled from 2000. lol. If the new president can't stop the runaway inflation which just started, we are going to see even lower prices. I'm hopeful that the dollar can be lifted back...which means no more free money handouts to the banks.
Personally, I think it will stop there though. The dollar is now only worth 50% of what it was worth in 2000...(heck of a job). Take an Irvine $400k tract home from 2000 ...which should equate to 800k today. The problem is that WAGES have NOT doubled from 2000. lol. If the new president can't stop the runaway inflation which just started, we are going to see even lower prices. I'm hopeful that the dollar can be lifted back...which means no more free money handouts to the banks.