Interesting/Amusing Property Finds

[halfnote19_IHB]

On my daily peruse of Redfin I came across this property which is nothing special.

The thing I found interesting is this little snippet.

FANTASTIC OPPORTUNITY. ASK FOR SELLER ADDENDUM PRIOR TO WRITING OFFER AND CLIENT MUST BE PRE-QUALIFIED WITH GRETZEL HUNT, COUNTRYWIDE AGENT PRIOR TO WRITING OFFER.

What is this all about? If I was interested in buying this property would I have to go thru their countrywide agent?

 

[SoCalGal_IHB]

No, you just have to submit to an interview by the selling agent's preferred lender so that the seller isn't blind-sided by a prospective buyer who was "pre-qualified" by someone who didn't know what s/he was doing. Of course, the Countrywide loan officer will attempt to persuade you, through her professionalism, to do business with her.

 

[no_vaseline_IHB]

http://www.redfin.com/stingray/do/printable-listing?listing-id=1547611

16 Alevera ST Irvine, CA 92618

Price: $599,900

Jan 30, 2003

$424,000

--

May 07, 2004

$780,000

61.8%/yr

It only cost them $180K to own it for four years. This probablly isn't the right place for it, but it's not a 2003 rollback yet. Yet. This place will be $200 a foot at the bottom.

 

[caycifish_IHB]

Jackson Lawyer: Neverland Ranch saved

http://news.yahoo.com/s/ap/20080313/ap_en_mu/people_michael_jackson_3;_ylt=AkhDcLYqhbXuhxx30cRiyIIE1vAI

 

[caycifish_IHB]

Proof that the housing market made people loony-tunes: somebody seriously paid half a million dollars for this 800 sq ft shack.

Redfin Link

 

[mediaboyz_IHB]

Here's a 1 bedroom apt conversion in Lake Forest for $135K...

Cheap 1Bed Condo Lake Forest

 

[freedomCM_IHB]

it finally went to "Backup Offers". Only 461 days on the market!

http://www.redfin.com/stingray/do/printable-listing?listing-id=485065

Listing Price History

Date Price

Feb 03, 2007 $949,900

Feb 20, 2007 $939,900

Feb 27, 2007 $899,900

Mar 30, 2007 $879,900

Apr 18, 2007 $869,900

May 10, 2007 $859,900

Jun 30, 2007 $849,900

Jul 25, 2007 $845,000

Sep 04, 2007 $841,000

Sep 13, 2007 $829,900

Nov 02, 2007 $795,000

Nov 09, 2007 $789,000

Nov 14, 2007 $769,000

Nov 19, 2007 $749,000

Dec 04, 2007 $729,000

Jan 20, 2008 $825,000

Mar 15, 2008 $699,000

Sales History

Date Price Appreciation

May 24, 1990 $363,500

--

May 26, 2006 $868,000

5.6%/yr

 

[freedomCM_IHB]

I have a peek-a-boo view of the backbay! Pay me double for holding (and doing no fixups) for two years!

http://www.redfin.com/stingray/do/printable-listing?listing-id=1203819

Structure Information

* Fixer-Upper

* Major Repairs Needed

Listing Price History

Date Price

Oct 11, 2007 $1,795,000

Dec 08, 2007 $1,649,000

Apr 04, 2008 $1,550,000

Sales History

Date Price Appreciation

Jan 11, 2006 $850,000

 

[freedomCM_IHB]

We looked at this one previously, it finally found a buyer (maybe). only 600 days! only 54% off the initial price!



Status: Backup Offers Accepted

On Redfin: 593 days

http://www.redfin.com/stingray/do/printable-listing?listing-id=445648

Listing Price History

Date Price

Jan 28, 2007 $1,099,000

Feb 07, 2007 $1,049,000

Feb 11, 2007 $999,000

Feb 13, 2007 $965,000

Feb 23, 2007 $935,000

May 16, 2007 $925,000

Jul 12, 2007 $899,000

Aug 15, 2007 $889,000

Aug 28, 2007 $875,000

Sep 11, 2007 $860,000

Oct 16, 2007 $799,000

Nov 15, 2007 $789,000

Jan 16, 2008 $719,000

Jan 29, 2008 $649,900

Mar 22, 2008 $648,000

Mar 26, 2008 $599,000

Sales History

Date Price Appreciation

Dec 30, 1988 $280,000 --

Jul 27, 1990 $91,000 -51.1%/yr

Sep 14, 1990 $295,000 >1,000%/yr

 

[IrvineRenter_IHB]

OMG, that is a record for chasing the market down. You have to think the house would have sold for $800K in January of 2007 if they had priced it properly.

 

[freedomCM_IHB]

Battle of the FLIPPERS!!!

This one is still struggling for a sale: only $475k (pretty nice for the price!)

http://www.redfin.com/stingray/do/printable-listing?listing-id=1448425

Move in ready 3 bedroom/2 bathroom in nice area of Costa Mesa. This house features nice curb appeal with lanscaped front yard, modern kitchen, newer vinyl windows, and french doors that lead to a relaxing patio/backyard!!!! This one will not last at this price. Call now to schedule a previewing appointment!

Listing Price History

Date Price

Feb 02, 2008 $575,000

Mar 09, 2008 $520,000

Apr 06, 2008 $475,000

Sales History

Date Price Appreciation

Jun 08, 1988 $29,500 --

Aug 15, 2007 $644,000 17.4%/yr

but here is the problem (only two doors down!):

This one lost the struggle, so now it is the bank that has a REO for a sale: only $475k

http://www.redfin.com/stingray/do/printable-listing?listing-id=1321817

Beautiful upgraded home! Remodeled kitchen, bathrooms and many more upgrades. You will be delighted with this home!

Listing Price History

Date Price

Dec 01, 2007 $599,900

Feb 09, 2008 $529,900

Feb 23, 2008 $499,000

Mar 30, 2008 $479,900

Apr 07, 2008 $475,000

Sales History

Date Price Appreciation

May 24, 2006 $697,000 --



Who will win the race to the bottom???

My bet is on the bank. Stay tuned!

 

[Trooper_IHB]

No Vas, your 16 Alevera listing shows "This listing has gone off the market". Anyone know if it actually sold, or is in foreclosure ? I like the look of these, 400K sounds more reasonable.

 

[IrvineWorker_IHB]

16 Alevera is Pending Sale as of 4/3/08

 

[effenheimer_IHB]

1903 Ladrillo Aisle in Westpark, 1250 sq ft 2/2, $429k. $120k under its 06 purchase price of $549k. $549k was the absolute tippy top for this floorplan.

The pain train is rumbling thru Brio. whoo whoo!

 

[effenheimer_IHB]

100k (or more) off peak pricing for this floorplan, too.

206 Marinella Aisle, Irvine. Next block over from Brio. 3/3 1347sq ft for $498k. Message to nearly every 2/2 seller in Brio and Aventura: You all look really greedy and stupid right now.

 

[socalhousingbubble_IHB]

Thanks for the updates, eff.

It it nice to see tangible forms of progress.

SCHB

 

[jerry1921_IHB]

One of my buddies a stone's throw from Ladrillo came home to his condo rental last week to see the landlord/unit was being foreclose on at auction set for next month. This area will get wrecked if these people continue to believe a 2/2 is worth $325/sq. ft.

 

[no_vaseline_IHB]

Terry Tate, office linebacker. The greatest superbowl spot of all time.

 

[muffdaddy_IHB]

I dare you to find less house (sub 4000ft house) for more money. Yes, it's on the Balboa Peninsula. Big whoop.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1625024

Price: $8,300,000

Buy with Redfin and Save $166,000*

Beds: 5

Baths: 5

Sq. Ft.: 3,900

$/Sq. Ft.: $2,128

Lot Size: 6,300 Sq. Ft.

Type: Single Family Residence

Year Built: 2004

Stories: Two Levels

View(s): Back Bay, Bay, City Lights, Harbor, Marina, Ocean, Water

Area: Balboa Peninsula

County: Orange

MLS#: S528059

Status: Active

On Redfin: 13 days

Announcing a newly built landmark residence with the most stunning Turning Basin, Main Channel, and Lido Channel views. Seaside sophistication in this gorgeous 5 beedroom 4.5 bath residence. Private dock that will accomadate a 60 foot + vessel and side tie for your new Duffy, near the entrance to Bay Island.

===============================================================================================

You have to have some big cojones to live in a place like this. Or at least cojones that are bejeweled liked Faberge eggs.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1185785

42 Pelican Point DR Newport Coast, CA 92657

Price: $18,800,000

Buy with Redfin and Save $376,000*

Beds: 4

Baths: 6

Sq. Ft.: 8,800

$/Sq. Ft.: $2,136

Lot Size: 0.31 Acres

Type: Single Family Residence

Style: Other

Year Built: 2002

Stories: Two Levels

View(s): White Water

Area: Newport Coast

County: Orange

MLS#: U7004212

Status: Active

On Redfin: 200 days

 

[no_vaseline_IHB]

Tune in next week for:

"That deserves some sort of award (not sure for what)"

OR

"My eyes! My eyes! Somebody PLEASE scrub my retinas with Draino and steel wool!"