2003 Prices or Rollbacks

NEW -> Contingent Buyer Assistance Program
I noticed the poor location. Road noise would be terrible. I expect to see more entries under "Listing Price History" before this thing gets sold.
 
That home seems to have been for sale forever now. The for sale sign was knocked down by the Santa Ana winds a long time ago. The last time I drove by it, the place looked like no one, and I mean no one had been there to do any watering, cleaning, or picking up the trash in months. It is an awful location for traffic and noise, but a decent location for Tustin.

IR2, any idea how much this place could realistically rent for? I'm thinking $1800 to maybe $2000 just for the bad location alone. And, didn't this one have a slab issue, or some other major construction issue?

And, all I can say is, this is what happens when you buy in a false bottom...

Sale History:

May 26, 1992 $185,000

Jan 26, 1999 $202,000

Even if you put $18,500 in an account with 3% interest, you would have made more money than this buyer.
 
2101 Irvine leased at the beginning of the year at $3000/month. U-shaped home with interior courtyard and much of the frontage problems (read: traffic noise) mitigated. Also had a pool, more yard, and totally redone. I'd expect 1772 to rent for $2000 tops, realistically.
 
30% off of 2004 price in Anaheim. Cute looking house, but across the street from a trailer park and a cemetary. Oh, and it looks like they got real this week on the price.

2224 S Anchor St

Anaheim, CA 92802

Price: $350,000

Beds: 4

Baths: 1.75

Sq. Ft.: 1,662

$/Sq. Ft.: $211

Lot Size: 5,742 Sq. Ft.

Sales History

Oct 22, 2004 $502,000

Listing Price History

Jan 15, 2008 $630,000

May 12, 2008 $350,000

http://www.redfin.com/CA/Anaheim/2224-S-Anchor-St-92802/home/3690862

K08006279_0.jpg
 
8% off the 2003 price in Tustin. This one was mentioned in another thread because of the oddly low amount that was recorded for the last "sale". It even comes with a hot tub!

1562 Garland Ave

Tustin, CA 92780

Price: $459,900

Beds: 5

Baths: 3

Sq. Ft.: 1,984

$/Sq. Ft.: $232

Lot Size: 8,295 Sq. Ft.

Sales History

Feb 29, 1988 $165,000

Mar 30, 1994 $191,000

Sep 30, 2003 $500,000

Apr 19, 2005 $659,000

Feb 06, 2008 $82,750

http://www.redfin.com/CA/Tustin/1562-Garland-Ave-92780/home/3495399

P635480_0.jpg


P635480_3_0.jpg
 
Doh! 35% loss and then flipper beginning to flop back to 2003 pricing in Tustin? It gives that appearance. And with the lovely 55 Freeway for your backyard.

13351 Marshall Ln

Tustin, CA 92780

Price: $465,000

Beds: 3

Baths: 3

Sq. Ft.: 1,746

$/Sq. Ft.: $266

Lot Size: 6,650 Sq. Ft.

Listing Price History

Apr 17, 2008 $489,000

May 07, 2008 $477,000

May 28, 2008 $465,000

Sales History

Oct 08, 1991 $204,000

Dec 05, 2003 $470,000

May 16, 2006 $710,000

Apr 16, 2008 $460,000

http://www.redfin.com/CA/Tustin/13351-Marshall-Ln-92780/home/4451057

S529176_1.jpg
 
13% less than 2003 price in Fullerton.

I read the description, and the seller was supposed to make a decision on offers by 7/14. Oops.

Heating & Cooling Information

No Heating

No Air Conditioning

Considering the above, is it even worth $289K?

2537 W Cherry Ave

Fullerton, CA 92833

Price: $289,900

Beds: 3

Baths: 2

Sq. Ft.: 1,175

$/Sq. Ft.: $247

Lot Size: 6,200 Sq. Ft.

Sales History

Feb 01, 1988 $90,000

Aug 27, 2003 $334,000

Jun 30, 2005 $489,000

May 13, 2008 $285,970

http://www.redfin.com/CA/Fullerton/2537-W-Cherry-Ave-92833/home/3312941

http://i-0.rfimg.us/photo/46/bigphoto/238/P644238_0.jpg
 
Wow, do you think that the Cherry house has foundation damage? Seriously bad termite damage? (since it says you must have a 'no inspection' bid)

The Victoria house just fell out of escrow a couple days back. I guess they are having a hard time finding a knife catcher who can get financing.
 
freedomCM said:
Wow, do you think that the Cherry house has foundation damage? Seriously bad termite damage? (since it says you must have a 'no inspection' bid)

The Victoria house just fell out of escrow a couple days back. I guess they are having a hard time finding a knife catcher who can get financing.
Click to expand...

I suspect that it fell out due to this

Public Facts Edited Facts

Residence: Single family Single family

Bedrooms: 4 4

Bathrooms: 2.0 3.0

Sq ft: 1,237 1,700

Lot size: 7,700 sq ft / 0.18 acres 7,700 sq ft / 0.18 acres

Year built: 1953 1953

You only have 1,237 sq/ft permitted. Unpermitted additions don't have any value. If they don't bother to get a permit, then the work is rarely done well, so it ultimately costs you more to get it legal and done right or you have to tear down, either of which costs money. 1,237 sq ft on that busy street is overpriced at $426K. Nice size lot, but it is on Victoria.... noisy and a crime magnet.

In regards to Cherry, who in the world would even consider a no inspection bid?
 
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The west park II condo roll back to 2003 price

This condo has 4 different owners since year 2003

Do you think 2008 owner is a knife catcher or bottom fisher ?

502 Marinella Aisle, Irvine, CA 92606-8834

2 Bedrooms

Sales History Sales Price

4/29/2008 $399,000

7/22/2005 $515,000

4/7/2004 $460,000

9/25/2003 $397,000

http://www.cyberhomes.com/propertydetails.aspx?propid=61294088&AspxAutoDetectCookieSupport=1

TRACT 14793, LOT 5 OF PRO JECT 939-35

LOCATED ON AP 434-141-45 TOGETHER WITH AN UND. 1/11 INT. IN LOT 5.
 
We're partying like it's 2003 over here in Anaheim. And a 40% loss from the 2005 price. Oh, and somebody made out with $100K for less than 6 months of owning, or so it appears.

704 Vine St

Anaheim, CA 92805

Price: $298,000

Beds: 4

Baths: 2

Sq. Ft.: 1,235

$/Sq. Ft.: $241

Lot Size: 5,800 Sq. Ft.

http://www.redfin.com/CA/Anaheim/704-Vine-St-92805/home/3202551

http://i-0.rfimg.us/photo/46/bigphoto/496/P629496_1.jpg

Sales History

Nov 07, 1991 $175,000

Jan 23, 2004 $330,000

Jun 01, 2004 $435,909

Nov 23, 2005 $500,000
 
http://www.redfin.com/CA/San-Juan-Capistrano/30871-Paseo-El-Marmol-92675/home/4900696

30871 Paseo El Marmol

San Juan Capistrano, CA 92675

Price: $365,000

Beds: 4

Baths: 2

Sq. Ft.: 1,425

$/Sq. Ft.: $256

Lot Size: 5,050 Sq. Ft.

Property Type: Single Family Residence

Style: Other

Year Built: 1975

Stories: 2 Levels

Area: San Juan North

County: Orange

MLS#: S542529

Source: SoCalMLS

Status: Active

On Redfin: 33 days

Sales History

Date Price Appreciation

Jun 21, 1990 $194,000 --

Nov 26, 2003 $434,000 6.2%/yr

Aug 30, 2007 $595,000 8.8%/yr

Thankshttp://www.southoctracker.com/
 
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