50% Loss in Real Estate (or more)

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[quote author="caycifish" date=1228986851]55% off in Costa Mesa. My jaw actually dropped when I saw the last sale price.



653 Surf St

Costa Mesa, CA 92627



<strong>Price: $357,777 </strong>



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

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

Nov 26, 1996 Sold $155,000





<a href="http://www.redfin.com/CA/Costa-Mesa/653-Surf-St-92627/home/4561978">http://www.redfin.com/CA/Costa-Mesa/653-Surf-St-92627/home/4561978</a>



http://i-0.rfimg.us/photo/46/bigphoto/649/S556649_0.jpg</blockquote>


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.
 
[quote author="stepping_up" date=1229049344][quote author="caycifish" date=1228986851]55% off in Costa Mesa. My jaw actually dropped when I saw the last sale price.



653 Surf St

Costa Mesa, CA 92627



<strong>Price: $357,777 </strong>



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

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

Nov 26, 1996 Sold $155,000





<a href="http://www.redfin.com/CA/Costa-Mesa/653-Surf-St-92627/home/4561978">http://www.redfin.com/CA/Costa-Mesa/653-Surf-St-92627/home/4561978</a>



</blockquote>


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.</blockquote>


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



<strong>Price: $165,000</strong>



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

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

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

Mar 30, 1998 Sold $93,000





<a href="http://www.redfin.com/CA/Tustin/647-W-6th-St-92780/unit-D/home/5572291">http://www.redfin.com/CA/Tustin/647-W-6th-St-92780/unit-D/home/5572291</a>



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.
 
[quote author="no_vaseline" date=1220047233][quote author="Ericg" date=1220038706]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.</blockquote>


$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.</blockquote>




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.



<img src="http://socalvapictures.firstamericanmls.com/MediaDisplay/88/hr95429988-1.jpg" alt="" />



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
 
<a href="http://www.redfin.com/CA/La-Habra/9502-Randall-Ave-90631/home/3098561">http://www.redfin.com/CA/La-Habra/9502-Randall-Ave-90631/home/3098561</a>



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
 
$26/sf.





and this <a href="http://www.redfin.com/CA/Indio/80726-Avenida-Santa-Carmen-92203/home/12506216">one.</a> Schadenfreud overload. Looks like a realtor trying to turn his place into a timeshare...
 
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



<strong>Price: $249,000</strong>



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

<strong>Nov 07, 2005 Sold $578,000</strong> -- Public Records



<a href="http://www.redfin.com/CA/Anaheim/2111-E-Center-St-92806/home/3362533">http://www.redfin.com/CA/Anaheim/2111-E-Center-St-92806/home/3362533</a>



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?
 
[quote author="MalibuRenter" date=1230090079]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</blockquote>
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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