southoctracker_IHB
New member
Two Coto properties back to the bank today: 17 Charleston and 56 Bogey Lane. First one's lender was JP Morgan. The second's was Downey.
Bloodbath in Coto de Caza
- Thread starter muffdaddy_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
PM me if you are ever in the Coto area. We would love to meet you.
If it is Pacific Legacy, they are quick:
More 7 Roberts
Buy at auction for $1,050,000 and list for $1,329,000 within 8 days. Ya gotta admire the pros.
The listing agent is Debra Kovacs, a full service agent in Coto. Does Pacific Legacy use agents or do they list themselves?
No, they always list it themselves. So... maybe Debra knows some thing you don't?
They don't seem that professional.. Excerpt from property description: "Welcome home! This is a very emotional home starting at the curb.." I'm not sure I want an emotional home. What the hell does that even mean? Haunted?
It's okay, the home has been on prozac and has stabilized its emotions, much like prices have...
That's a relief. In addition to prozac it needs a prescription for its "crown mold". Bwahahaha!
Edit: I guess the actual pieces can be called that but it still makes me laugh.
Again, I am lost. What does Ms. Kovacs know that I don't? With no false humility, I know practically nothing about this house or who bought it. I do know that I missed out what seems like a heck of a deal to me. As soon as you wrote about the auction, my first thought was, "That place should go for $1.2 mil or more." Unless the crown mold description is accurate.
I agree, very nice move.
Must admit, while reading that wished it were me.
Let me know if you see another like it, maybe we’ll go 50-50 on it.
OMG! Only a realtor! The realtor/owner of 26 Swagrass lowered the listing price by about $10,000 last week and lowered it by another $100 this week. Those amounts aren't even enough to give them credit for chasing the market down. I can just see them explaining to their wife, "The market's going to turn around any day now. Gary Watts says the OC economy is going to take off."
NewToOC_IHB
New member
Thanks Caliguy.
Wow, I am ashamed to admit we put an offer on 15 Charleston last year. Smaller and worse layout than 17 Charleston but it had better curb appeal and upgrades. Still that part of the golf course was very nice. I can't believe someone paid 1.1M+ in April 2007 for that. 15 Charleston was on the market around that time and ended up going for about 890k in December if memory serves me.
Wow, I am ashamed to admit we put an offer on 15 Charleston last year. Smaller and worse layout than 17 Charleston but it had better curb appeal and upgrades. Still that part of the golf course was very nice. I can't believe someone paid 1.1M+ in April 2007 for that. 15 Charleston was on the market around that time and ended up going for about 890k in December if memory serves me.
CalGal_IHB
New member
NewToOC, Wow, we could have been neighbors. We put a verbal offer in the same neighborhood a couple of years ago. They were asking 1.3 (overpriced). We verbally offered the realtor 1 million. He took it to the sellers and they basically laughed at us. A few months later, the realtor emailed me and said the sellers would take 1.1. We basically laughed at that. After two years on the market, the house is still sitting there - at a price of $989.NewToOC said:
PM me if you are ever in the Coto area. We would love to meet you.
awgee_IHB
New member
graphrix said:
If it is Pacific Legacy, they are quick:
More 7 Roberts
Buy at auction for $1,050,000 and list for $1,329,000 within 8 days. Ya gotta admire the pros.
The listing agent is Debra Kovacs, a full service agent in Coto. Does Pacific Legacy use agents or do they list themselves?
graphrix_IHB
New member
awgee said:
No, they always list it themselves. So... maybe Debra knows some thing you don't?
NewToOC_IHB
New member
awgee said:
They don't seem that professional.. Excerpt from property description: "Welcome home! This is a very emotional home starting at the curb.." I'm not sure I want an emotional home. What the hell does that even mean? Haunted?
graphrix_IHB
New member
NewToOC said:
It's okay, the home has been on prozac and has stabilized its emotions, much like prices have...
NewToOC_IHB
New member
graphrix said:
That's a relief. In addition to prozac it needs a prescription for its "crown mold". Bwahahaha!
Edit: I guess the actual pieces can be called that but it still makes me laugh.
awgee_IHB
New member
graphrix said:
Again, I am lost. What does Ms. Kovacs know that I don't? With no false humility, I know practically nothing about this house or who bought it. I do know that I missed out what seems like a heck of a deal to me. As soon as you wrote about the auction, my first thought was, "That place should go for $1.2 mil or more." Unless the crown mold description is accurate.
tenmagnet_IHB
New member
Assuming they don’t get full list and manage to settle for $1.2M
That’s still one heck of a return.
More so given that we’re in a down market.
That’s still one heck of a return.
More so given that we’re in a down market.
tenmagnet_IHB
New member
awgee said:
I agree, very nice move.
Must admit, while reading that wished it were me.
Let me know if you see another like it, maybe we’ll go 50-50 on it.
awgee_IHB
New member
awgee said:
OMG! Only a realtor! The realtor/owner of 26 Swagrass lowered the listing price by about $10,000 last week and lowered it by another $100 this week. Those amounts aren't even enough to give them credit for chasing the market down. I can just see them explaining to their wife, "The market's going to turn around any day now. Gary Watts says the OC economy is going to take off."
redline122_IHB
New member
Maybe someone ought to offer $866,499 - one dollar off the 3/7/2003 purchase price! 
Hmm... then again... maybe that's too high an offer and the seller will accept!
Hmm... then again... maybe that's too high an offer and the seller will accept!
awgee_IHB
New member
I dunno. Maybe somebody thought this was a good time to start flipping residential real estate?
Purchased on 01-10-2008 for $2,600.000 and now listed at $2,795,000.
Or they bought this place and changed their minds? Or realized the payments were large? I dunno.
17 Longview
Or maybe a friend ought to clue them in and let them know the market has turned down?
Purchased on 01-10-2008 for $2,600.000 and now listed at $2,795,000.
Or they bought this place and changed their minds? Or realized the payments were large? I dunno.
17 Longview
Or maybe a friend ought to clue them in and let them know the market has turned down?
PadreBrian_IHB
New member
Exactly how much will it take to fix that house? 100k?
graphrix_IHB
New member
fchanes_IHB
New member
What's the story on 23302 Via Pardal ? We are interested but are now scared by the mold issue. Can ANYONE give us some quality information? Thanks.
graphrix_IHB
New member
21 Westchester Ct. went back to the bank today for $764k. No discount off the note from the dumb a$$ bank.