50% Loss in Real Estate (or more)

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caycifish said:
55% off in Costa Mesa. My jaw actually dropped when I saw the last sale price.

653 Surf St

Costa Mesa, CA 92627

Price: $357,777

Beds: 5

Baths: 3

Sq. Ft.: 1,513

$/Sq. Ft.: $236

Lot Size: 6,600 Sq. Ft.

Property History

Dec 09, 2008 Listed $357,777 -- SoCalMLS #S556649

Apr 14, 2008 Sold $511,500 -25.3%/yr Public Records

Oct 03, 2006 Sold $800,000 18.1%/yr Public Records

Nov 26, 1996 Sold $155,000

http://www.redfin.com/CA/Costa-Mesa/653-Surf-St-92627/home/4561978

http://i-0.rfimg.us/photo/46/bigphoto/649/S556649_0.jpg
Click to expand...

Came on yesterday and went contingent today. what a comp killer that is going to be.... better put in for the refi before this one closes.
 
stepping_up said:
caycifish said:
55% off in Costa Mesa. My jaw actually dropped when I saw the last sale price.

653 Surf St

Costa Mesa, CA 92627

Price: $357,777

Beds: 5

Baths: 3

Sq. Ft.: 1,513

$/Sq. Ft.: $236

Lot Size: 6,600 Sq. Ft.

Property History

Dec 09, 2008 Listed $357,777 -- SoCalMLS #S556649

Apr 14, 2008 Sold $511,500 -25.3%/yr Public Records

Oct 03, 2006 Sold $800,000 18.1%/yr Public Records

Nov 26, 1996 Sold $155,000

http://www.redfin.com/CA/Costa-Mesa/653-Surf-St-92627/home/4561978
Click to expand...

Came on yesterday and went contingent today. what a comp killer that is going to be.... better put in for the refi before this one closes.
Click to expand...

Are those bugs on the floor in the interior shot?
 
61% off in Tustin. The storm is inching towards the nicer parts of OC.

647 W 6th St #D

Tustin, CA 92780

Price: $165,000

Beds: 3

Baths: 2

Sq. Ft.: 976

$/Sq. Ft.: $169

Property History for 647 W 6th St #D

Oct 06, 2008 Price Changed $165,000 -- SoCalMLS #P657992

Sep 26, 2008 Listed $235,000 -- SoCalMLS #P657992

Aug 30, 2006 Sold $430,000 15.2%/yr Public Records

Nov 10, 2004 Sold $333,000 21.3%/yr Public Records

Mar 30, 1998 Sold $93,000

http://www.redfin.com/CA/Tustin/647-W-6th-St-92780/unit-D/home/5572291

http://i-0.rfimg.us/photo/46/bigphoto/992/P657992_0.jpg
 
I meant it is closer to the nice parts of OC than the ghetto of Anaheim or Fullerton. Now a Tustin address won't necessarily save you.
 
no_vaseline said:
Ericg said:
How about a 1990 roll back in Laguna Hills?

http://www.redfin.com/CA/Laguna-Hills/25894-Via-Lomas-92653/unit-11/home/5692135

Priced at 118,900 or 1% below a January 1990 transaction. and down 68% from October 2005. Although it is still at $133 a square foot.
Click to expand...

$133/ft for a mobile home is INSANE. It's not the craziest thing I've seen today but it's still pretty out there.
Click to expand...

At one point in 2006 I had found a listing for a $500,000 mobile home up in San Pedro. I'll see if I can dig it up.
 
Culver City, 1989 rollback. Actually looks to be in good shape. http://www.redfin.com/CA/CULVER-CITY/4083-BLEDSOE-Ave-90066/home/6738604

4083 BLEDSOE Ave

CULVER CITY, CA 90066

Price: $699,000

Beds: 3

Baths: 2

Sq. Ft.: 1,487

$/Sq. Ft.: $470

Lot Size: -

Property Type: Single Family Residential

Area: Culver City

County: Los Angeles

MLS#: 08-326769

Source: TheMLS

Status: Active

On Redfin: 40 days

Charming 3 bed/2bath corner lot home on tree lined street in Culver City. Large family room with bath (addition w/permits) could be used as 4th bedroom. New landscape and sprinkler system, mature fruit trees. Remodeled bath, hardwood floors, & family room. New windows and paint inside and out. LA zip code, Culver City schools + services. Buyer to verify square footage. Open house Sunday 1-4pm.

Date Event Price Appreciation Source

Dec 03, 2008 Price Changed $699,000 -- TheMLS #08-326769

Nov 06, 2008 Listed $729,000 -- TheMLS #08-326769

Nov 14, 1989 Sold $994,500 79.2%/yr Public Records

Jul 28, 1989 Sold $835,500 -- Public Records
 
9502 Randall

La Habra, Ca 90631

SFR detached

4 bed, 2 bath

Lot Size 9,980sq.ft.

hr95429988-1.jpg


Sale Price: $250,000 - 12/12/2008

Purcahased on 10/17/06 $645,000

Purchased on 1/24/2003 $310,000

61% reduction off 2006, and 19% off 2003 price

I grew up right next to LH. This home, being north of Whittier Blvd. is actually in a really nice area of La Habra.

What a great price IMO
 
http://www.redfin.com/CA/La-Habra/9502-Randall-Ave-90631/home/3098561

This home is currently not for sale.

Property History

Date Event Price Appreciation Source

Sep 02, 2008 Sold $330,150 -30.0%/yr Public Records

Oct 17, 2006 Sold $645,000 21.7%/yr Public Records

Jan 23, 2003 Sold $310,000 -- Public Records

Homes in La Habra, Orange, most of Tustin, Anaheim should be $150k-250K based on what people who live there make for income and can finance. This thumbnail analysis was using 6% interest rates. If/when they go to 9% (they will.........watch) these homes will sell at a big big discount to my quoted prices.
 
so the bank that lent 80% of $645k took it back in sept. for $330k, and sold it in dec. for $250k? ouch, that'll hurt the old bottom line.
 
Ding, Ding, Ding. We have a 90% rollback from peak. Sold July 2007 for $350,000, now for sale at $34,900.

http://www.redfin.com/CA/Palm-Springs/472-W-Palm-Vista-Dr-92262/home/6044241

Date Event Price Appreciation Source

Dec 10, 2008 Price Changed $34,900 -- DAMLS #21345978

Nov 22, 2008 Relisted -- -- DAMLS #21345978

Nov 14, 2008 Off Redfin -- -- DAMLS #21345978

Oct 24, 2008 Price Changed $39,900 -- DAMLS #21345978

Oct 08, 2008 Listed $46,900 -- DAMLS #21345978

Sep 12, 2008 Sold $110,500 -64.2%/yr Public Records

May 30, 2008 Off Redfin * -- Inactive SoCalMLS #3

May 30, 2008 Price Changed * -- Inactive SoCalMLS #3

Jan 18, 2008 Price Changed * -- Inactive SoCalMLS #3

Dec 08, 2007 Listed * -- Inactive SoCalMLS #3

Jul 30, 2007 Sold $350,000 38.8%/yr Public Records

Apr 18, 2007 Listed * -- Inactive SoCalMLS #2

Jan 08, 2007 Listed * -- Inactive SoCalMLS #1

Mar 05, 1998 Sold $16,000 -59.5%/yr Public Records
 
56% off in Anaheim if it sells. A short sale, and for sale since last February. I'm not sure how this hasn't gone back to the bank yet, but they are certainly trying.

2111 E Center St

Anaheim, CA 92806

Price: $249,000

Beds: 3

Baths: 2

Sq. Ft.: 1,336

$/Sq. Ft.: $186

Lot Size: 6,050 Sq. Ft.

Property History for 2111 E Center St

Dec 19, 2008 Price Changed $249,000 -- SoCalMLS #Y800954

Nov 26, 2008 Price Changed $275,000 -- SoCalMLS #Y800954

Nov 19, 2008 Price Changed $279,999 -- SoCalMLS #Y800954

Aug 06, 2008 Price Changed $299,000 -- SoCalMLS #Y800954

Jul 02, 2008 Price Changed $325,000 -- SoCalMLS #Y800954

Mar 05, 2008 Price Changed $349,000 -- SoCalMLS #Y800954

Feb 14, 2008 Price Changed $399,999 -- SoCalMLS #Y800954

Feb 07, 2008 Listed $499,999 -- SoCalMLS #Y800954

Nov 07, 2005 Sold $578,000 -- Public Records

http://www.redfin.com/CA/Anaheim/2111-E-Center-St-92806/home/3362533

http://i-0.rfimg.us/photo/46/bigphoto/954/Y800954_1.jpg
 
You might think that $186/sf is a good deal, until you look and see that most of the houses in the area sold for $100/sf in the late 90s.

I wonder if the marginal areas of The OC will drop back again to $100/sf in the coming year?
 
MalibuRenter said:
Ding, Ding, Ding. We have a 90% rollback from peak. Sold July 2007 for $350,000, now for sale at $34,900.

http://www.redfin.com/CA/Palm-Springs/472-W-Palm-Vista-Dr-92262/home/6044241

Date Event Price Appreciation Source

Dec 10, 2008 Price Changed $34,900 -- DAMLS #21345978

Nov 22, 2008 Relisted -- -- DAMLS #21345978

Nov 14, 2008 Off Redfin -- -- DAMLS #21345978

Oct 24, 2008 Price Changed $39,900 -- DAMLS #21345978

Oct 08, 2008 Listed $46,900 -- DAMLS #21345978

Sep 12, 2008 Sold $110,500 -64.2%/yr Public Records

May 30, 2008 Off Redfin * -- Inactive SoCalMLS #3

May 30, 2008 Price Changed * -- Inactive SoCalMLS #3

Jan 18, 2008 Price Changed * -- Inactive SoCalMLS #3

Dec 08, 2007 Listed * -- Inactive SoCalMLS #3

Jul 30, 2007 Sold $350,000 38.8%/yr Public Records

Apr 18, 2007 Listed * -- Inactive SoCalMLS #2

Jan 08, 2007 Listed * -- Inactive SoCalMLS #1

Mar 05, 1998 Sold $16,000 -59.5%/yr Public Records
Click to expand...
No takers at $35k so now it's under $30k. Maybe someone can get the bank to pay someone to buy this eyesoar.
 
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