29 Dartmouth

[zovall_IHB]

29 Dartmouth 92612

http://www.redfin.com/CA/Irvine/29-Dartmouth-92612/unit-25/home/5678560

Purchased on 8/11/2006 for $690k with $0 down.

Went back to the bank on 7/9/2009 for $435,237.

Looks like this REO just came on the market. Any guesses on what it will actually close at?

 

[usctrojanman29_IHB]

29 Dartmouth 92612

http://www.redfin.com/CA/Irvine/29-Dartmouth-92612/unit-25/home/5678560

Purchased on 8/11/2006 for $690k with $0 down.

Went back to the bank on 7/9/2009 for $435,237.

Looks like this REO just came on the market. Any guesses on what it will actually close at?

I say that it will get bid up to $450k-$460k (~$300/sf).

 

[Irvinian_IHB]

I would buy this if it was at $350k.

 

[usctrojanman29_IHB]

I would buy this if it was at $350k.

I'd have to see the inside for $350k...for $300k I might be willing to take a flyer. The HOA fees are a killer though.

 

[Geotpf_IHB]

I'll bet it'll sell for a half mil.

 

[zovall_IHB]

I'll guess it will get bid up and close at $475k.

 

[no_vaseline_IHB]

445K and I'd be very concerned about the comps. I'm certain they will get bids higher than that, but getting bids and getting something to close are two different things today.

If the 15K OC foreclosure avalanche comes to pass, the comp will be the auction price. People have been saying the REO market is the market, and they haven't seen nothin' yet.