Is this a flip attempt in Northpark?!

[BLUE FIRE_IHB]

Did someone really get this for $728K in December and now listing for $845K? The listing doesn't incidate this is a short sale or that it went to the bank for $728K. $728K seems like it would have been a pretty good price for a relatively new Northpark home on a sizable lot.

http://www.redfin.com/CA/Irvine/2-Vacaville-92602/home/5812632

 

[NoThereThere_IHB]

The December 2008 "sale" is the bank taking the property back at the trustee's sale. The irregular figure, $728,236, is a dead giveaway.

Trustee's sale was scheduled for December 3, 2008. Amount due to Indymac on the foreclosure was $995,419.52.

 

[IACRenter_IHB]

Did someone really get this for $728K in December and now listing for $845K? The listing doesn't incidate this is a short sale or that it went to the bank for $728K. $728K seems like it would have been a pretty good price for a relatively new Northpark home on a sizable lot.

http://www.redfin.com/CA/Irvine/2-Vacaville-92602/home/5812632

This property looks like a Mendocino North plan 3. My guess is that it sells for about 5% above list. Of course depends how on how bad the interior looks and noise consideration from backing to Portola.

A recent plan 3 Mendocino at 23 Bell Springs listed at $919K sold in one day (see my comment on other thread).

 

[IACRenter_IHB]

Did someone really get this for $728K in December and now listing for $845K? The listing doesn't incidate this is a short sale or that it went to the bank for $728K. $728K seems like it would have been a pretty good price for a relatively new Northpark home on a sizable lot.

http://www.redfin.com/CA/Irvine/2-Vacaville-92602/home/5812632

This property looks like a Mendocino North plan 3. My guess is that it sells for about 5% above list. Of course depends how on how bad the interior looks and noise consideration from backing to Portola.

A recent plan 3 Mendocino at 23 Bell Springs listed at $919K sold in one day (see my comment on other thread).

I guess I was wrong on 2 Vacaville in NP. It closed on 2/27 at $835K, less than 2% off list (thanks for the info off of IPOs website). Probably could have gotten more $ but it was devalued due to backing to busy Portola.

A Mendocino Plan 2 is listed on Redfin at 10 Orovillefor $850K, interior location in NP. A Mendocino plan 2 sold at 28 Sebastian, closed on 10/27/08 for $890K, $40K above asking price. That one might have had a bigger lot though.

We will see if this economy will be putting some pressure on these prices in NP.