graphrix_IHB
New member
Whoa! SFR for in Lake Forest went back to the bank for $425k. Last sold 9/06 for $697k
Losses Outside of Irvine
- Thread starter CalGal_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
IrvineRenter_IHB
New member
"Whoa! SFR for in Lake Forest went back to the bank for $425k. Last sold 9/06 for $697k"
Zestimate of $705,000 LOL
Zestimate of $705,000 LOL
No_Such_Reality_IHB
New member
"Whoa! SFR for in Lake Forest went back to the bank for $425k. Last sold 9/06 for $697k "
That must be a 1st payment default too which means the $697K sales price in Sept was likely BS. Sadly it looks like other bought at that same level after, wonder how many buyers unwittingly use strawbuyer purchases for comps on their purchase.
A quick check on Zillow shows this comp (http://www.zillow.com/HomeDetails.htm?zprop=25640449) that is close. Same size, 4/3 like the REPO. It's already at $509K. (Oh shoot, that's another REPO). Oh gawd, the Zestimate is $1,086,072. ROFL
That must be a 1st payment default too which means the $697K sales price in Sept was likely BS. Sadly it looks like other bought at that same level after, wonder how many buyers unwittingly use strawbuyer purchases for comps on their purchase.
A quick check on Zillow shows this comp (http://www.zillow.com/HomeDetails.htm?zprop=25640449) that is close. Same size, 4/3 like the REPO. It's already at $509K. (Oh shoot, that's another REPO). Oh gawd, the Zestimate is $1,086,072. ROFL
No_Such_Reality_IHB
New member
Ouch. $220,000 and it hasn't sold yet. Found this checking the above foreclosure, it's near there
Price: $520,000
21101 Wheaton, Lake Forest
Prior Price $740,000, August 2006
Previos March 2004 sales price $515K.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1193338
Double ouch, someone spent money fixing it up!
Also see this one not too far from the above. $485K and it hasn't sold in 83 days. 4/3, 1634sf like the repos. Ouch, that's only a door or two down from the REO buyers place. The guy that bid 55 cents over bank is starting to look like a knife catcher.
Price: $520,000
21101 Wheaton, Lake Forest
Prior Price $740,000, August 2006
Previos March 2004 sales price $515K.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1193338
Double ouch, someone spent money fixing it up!
Also see this one not too far from the above. $485K and it hasn't sold in 83 days. 4/3, 1634sf like the repos. Ouch, that's only a door or two down from the REO buyers place. The guy that bid 55 cents over bank is starting to look like a knife catcher.
caycifish_IHB
New member
wow...looks like Lake Forest is starting to tank as hard as Anaheim.
NewToOC_IHB
New member
awgee, I'm a bit ashamed to say we went to see that house in Coto back in the Spring b/c it looked nice from some old pictures (back when the flipper bought it) we found on the internet. There were a lot of people checking it out that first weekend when the bank was accepting offers for it. It had some termite problems and needed lots of updating but I kind of liked it. Also being part of "the Village" of Coto it had no mello roos and very low HOA if I remember correctly. Also our agent told us the bank agent mentioned there were already two good offers in for it - one full price so we shouldn't low-ball it if we really wanted it. We aren't fixer upper people though so we didn't consider it too seriously. Also back then the bank was asking 889k for it I believe. It's fallen out of escrow a couple of times at this point I think.
IrvineRenter_IHB
New member
Sales History
Date
Price
Appreciation
04/21/2005
$619,000
30.0%/yr
03/28/2002
$277,000
--
Price: $349,900
Redfin Savings: $6,998*
23743 Via Alisol
Murrieta, CA 92562
Beds:
5
Baths:
3
Sq. Ft.:
3,283
$/Sq. Ft.:
$107
Lot Size:
6,098 sq. ft.
Property Type:
Single Family Residence, Detached
Year Built:
2002
Stories:
Two Levels
Area:
Murrieta West
County:
Riverside
MLS#:
T07173641
Status:
Active
On Redfin:
1 day
New Listing (24 hours)
Bank Owned. Convenient to shopping, freeway and walk to Cole Canyon Elementary, covered entry with small front porch, kitchen island with separate nook, downstairs den (could be 5th bedroom but no closet), upstairs computer niche and extra walk in linen closet. 3 Car tandem garage.
Date
Price
Appreciation
04/21/2005
$619,000
30.0%/yr
03/28/2002
$277,000
--
Price: $349,900
Redfin Savings: $6,998*
23743 Via Alisol
Murrieta, CA 92562
Beds:
5
Baths:
3
Sq. Ft.:
3,283
$/Sq. Ft.:
$107
Lot Size:
6,098 sq. ft.
Property Type:
Single Family Residence, Detached
Year Built:
2002
Stories:
Two Levels
Area:
Murrieta West
County:
Riverside
MLS#:
T07173641
Status:
Active
On Redfin:
1 day
Bank Owned. Convenient to shopping, freeway and walk to Cole Canyon Elementary, covered entry with small front porch, kitchen island with separate nook, downstairs den (could be 5th bedroom but no closet), upstairs computer niche and extra walk in linen closet. 3 Car tandem garage.
IrvineRenter_IHB
New member
Sales History
Date
Price
Appreciation
10/18/2007
$575,937
-13.0%/yr
10/05/2006
$665,000
26.6%/yr
02/24/2003
$284,000
--
Price: $349,900
Redfin Savings: $6,998*
23831 Cloverleaf
Temecula, CA 92562
Beds:
4
Baths:
2.25
Sq. Ft.:
2,896
$/Sq. Ft.:
$121
Lot Size:
-
Property Type:
Single Family Residence, Detached
Year Built:
2002
Stories:
Two Levels
Area:
Murrieta West
County:
Riverside
MLS#:
T07173397
Status:
Active
On Redfin:
1 day
New Listing (24 hours)
Great bank owned Copper Canyon home. 2896 Sq ft 4 bedroom/3 bath home with 2nd floor homework station. Beautiful kitchen with large granite slab island , 5 burner stove and double wall ovens and lots and lots of cabinets. Master bedroom has his and hers walk-in closets. 2nd floor laundryroom. Nice size backyard. New carpets and paint will bring this home to fabulous!
Date
Price
Appreciation
10/18/2007
$575,937
-13.0%/yr
10/05/2006
$665,000
26.6%/yr
02/24/2003
$284,000
--
Price: $349,900
Redfin Savings: $6,998*
23831 Cloverleaf
Temecula, CA 92562
Beds:
4
Baths:
2.25
Sq. Ft.:
2,896
$/Sq. Ft.:
$121
Lot Size:
-
Property Type:
Single Family Residence, Detached
Year Built:
2002
Stories:
Two Levels
Area:
Murrieta West
County:
Riverside
MLS#:
T07173397
Status:
Active
On Redfin:
1 day
Great bank owned Copper Canyon home. 2896 Sq ft 4 bedroom/3 bath home with 2nd floor homework station. Beautiful kitchen with large granite slab island , 5 burner stove and double wall ovens and lots and lots of cabinets. Master bedroom has his and hers walk-in closets. 2nd floor laundryroom. Nice size backyard. New carpets and paint will bring this home to fabulous!
IrvineRenter_IHB
New member
Sales History
Date
Price
Appreciation
03/03/2006
$700,000
26.7%/yr
02/13/2003
$340,000
--
Price: $480,000
Redfin Savings: $9,600*
23823 Cloverleaf
Murrieta, CA 92562
Beds:
5
Baths:
3
Sq. Ft.:
3,073
$/Sq. Ft.:
$156
Lot Size:
-
Property Type:
Single Family Residence, Detached
Year Built:
2003
Stories:
Two Levels
Area:
Murrieta West
County:
Riverside
MLS#:
I07081195
Status:
Active
On Redfin:
187 days
Unsold in 90+ days
This house is beautiful and upgraded. 18inch Italian tile berber carpet, window treatments, granite counter tops island in kitchen, stainless steal appliances, double oven, cherry wood cabinets, spa tub in master. Built in entertainment center, built in tech center. Dream Garage with shelves, work table, epoxy floors. Totally turn key ready to move in now. Gorgeous Large spacious floor plane don't wait. offers subject to lenders approval. GET IT BEFORE IT GOES TO AUCTION FOR MARKET VALUE
Date
Price
Appreciation
03/03/2006
$700,000
26.7%/yr
02/13/2003
$340,000
--
Price: $480,000
Redfin Savings: $9,600*
23823 Cloverleaf
Murrieta, CA 92562
Beds:
5
Baths:
3
Sq. Ft.:
3,073
$/Sq. Ft.:
$156
Lot Size:
-
Property Type:
Single Family Residence, Detached
Year Built:
2003
Stories:
Two Levels
Area:
Murrieta West
County:
Riverside
MLS#:
I07081195
Status:
Active
On Redfin:
187 days
This house is beautiful and upgraded. 18inch Italian tile berber carpet, window treatments, granite counter tops island in kitchen, stainless steal appliances, double oven, cherry wood cabinets, spa tub in master. Built in entertainment center, built in tech center. Dream Garage with shelves, work table, epoxy floors. Totally turn key ready to move in now. Gorgeous Large spacious floor plane don't wait. offers subject to lenders approval. GET IT BEFORE IT GOES TO AUCTION FOR MARKET VALUE
no_vaseline_IHB
New member
GET IT BEFORE IT GOES TO AUCTION FOR MARKET VALUE
Did I read that right? It hasn't sold in 187 days so I'm to assume it'll go for MORE at auction?
I lol'd.
Did I read that right? It hasn't sold in 187 days so I'm to assume it'll go for MORE at auction?
I lol'd.
MalibuRenter_IHB
New member
"Price: $1,299,000
Redfin Savings: $25,980*
31455 LOBO CANYON RD
AGOURA HILLS, CA 91301
Beds: 3
Baths: 3
Sq. Ft.: -
Lot Size: -
Property Type: Single Family Residential
Area: Malibu
County: Los Angeles
MLS#: 07-158177
Status: Active
On Redfin: 312 days
Unsold in 90+ days
SUBJECT TO BANK APPROVAL OF SHORT PAY - Seller spent $$ on beautiful remodel, bamboo & travertine floors, granite center island kitchen, antique finish alder cabinets, hammered copper farmhouse sink, faux walls, master w/marble counters, vessel sinks, steam shower.Lg. fam room w/room for 4th bed. Pool/spa, huge grassy yard, putting green, 2nd garage or could be barn w/corral area, seasonal stream & bridge. Priced below market value for this estate/vineyard area. "http://www.redfin.com/stingray/do/printable-listing?listing-id=473652
Originally listed for $1.9 million, now 32% lower. 312 days on market. Sold for $1,410,000 on 9/1/05. Seller apparently spent several hundred thousand on remodeling, and can't get the same price they paid in 2005, before the remodel.
Redfin Savings: $25,980*
31455 LOBO CANYON RD
AGOURA HILLS, CA 91301
Beds: 3
Baths: 3
Sq. Ft.: -
Lot Size: -
Property Type: Single Family Residential
Area: Malibu
County: Los Angeles
MLS#: 07-158177
Status: Active
On Redfin: 312 days
Unsold in 90+ days
SUBJECT TO BANK APPROVAL OF SHORT PAY - Seller spent $$ on beautiful remodel, bamboo & travertine floors, granite center island kitchen, antique finish alder cabinets, hammered copper farmhouse sink, faux walls, master w/marble counters, vessel sinks, steam shower.Lg. fam room w/room for 4th bed. Pool/spa, huge grassy yard, putting green, 2nd garage or could be barn w/corral area, seasonal stream & bridge. Priced below market value for this estate/vineyard area. "http://www.redfin.com/stingray/do/printable-listing?listing-id=473652
Originally listed for $1.9 million, now 32% lower. 312 days on market. Sold for $1,410,000 on 9/1/05. Seller apparently spent several hundred thousand on remodeling, and can't get the same price they paid in 2005, before the remodel.
lawyerliz_IHB
New member
Gosh, now may actually be the time to buy!! After trying to take yet another 10% off, of course.
And I have no idea of the location, but, my lord, the price drops!!
And I have no idea of the location, but, my lord, the price drops!!
BLUE FIRE_IHB
New member
Oh dear God...this one has to win some kind of award for worst photo. I'm sure this one will sell...RIGHT! It even comes with an automatic garage door opener and carport!!
35% off 2006 price
http://redfin.com/stingray/do/printable-listing?listing-id=1221438
Price: $349,900
Last Sale: 06/08/2006 $540,000
Redfin Savings: $6,998*
23431 Caminito Partida #197
Laguna Hills, CA 92653
Beds: 3
Baths: 2
Sq. Ft.:1,460
$/Sq. Ft.: $240
Lot Size: -
Type: Condominium
Style: Townhouse
Year Built: 1976
Stories: Two Levels
View(s): Hills, Trees/Woods
Area: Laguna Hills
County: Orange
MLS#: S509673
Status: Active
On Redfin: 50 days
35% off 2006 price
http://redfin.com/stingray/do/printable-listing?listing-id=1221438
Price: $349,900
Last Sale: 06/08/2006 $540,000
Redfin Savings: $6,998*
23431 Caminito Partida #197
Laguna Hills, CA 92653
Beds: 3
Baths: 2
Sq. Ft.:1,460
$/Sq. Ft.: $240
Lot Size: -
Type: Condominium
Style: Townhouse
Year Built: 1976
Stories: Two Levels
View(s): Hills, Trees/Woods
Area: Laguna Hills
County: Orange
MLS#: S509673
Status: Active
On Redfin: 50 days
ns2524_IHB
New member
42 LAUREL CREEK LANE, Laguna Hills, CA 92653
List Price: $579,000
Last Sale: 09/01/05
Sales Price: $687,000
Bedrooms: 4
Full Baths: 2
Partial Baths: 1
Square Feet: 1,769
Lot Size: 4,567 Sq. Ft.
Year Built: 1984
Listing Date: 12/07/07
On Market: 1 day
Type: SFR
Status: ACTIVE
MLS #: P613239
21709 LAKE VISTA DRIVE, Lake Forest, CA 92630
List Price: $359,000
Last Sale: 01/18/07
Sales Price: $475,000
Bedrooms: 3
Full Baths: 2
Partial Baths: 0
Square Feet: 1,490
Lot Size: 1,364 Sq. Ft.
Year Built: 1972
Listing Date: 12/06/07
On Market: 2 days
Type: CONDO/TH
Status: ACTIVE
MLS #: P613079
19664 ORVIENTO DRIVE, Lake Forest, CA 92679
List Price: $320,000
Last Sale: 08/28/06
Sales Price: $495,000
Bedrooms: 3
Full Baths: 2
Partial Baths: 0
Square Feet: 1,205
Lot Size: N/A
Year Built: 1997
Listing Date: 12/06/07
On Market: 2 days
Type: CONDO/TH
Status: ACTIVE
MLS #: S514804
9 ARABIS COURT #63, Mission Viejo, CA 92694
List Price: $370,000
Last Sale: 10/10/06
Sales Price: $485,000
Bedrooms: 2
Full Baths: 2
Partial Baths: 0
Square Feet: 1,150
Lot Size: N/A
Year Built: 2003
Listing Date: 12/05/07
On Market: 3 days
Type: CONDO/TH
Status: ACTIVE
MLS #: S514766
23526 EL REPOSA, Aliso Viejo, CA 92656**
List Price: $300,000
Last Sale: 03/03/05
Sales Price: $450,000
Bedrooms: 2
Full Baths: 2
Partial Baths: 0
Square Feet: 1,236
Lot Size: 2,446 Sq. Ft.
Year Built: 1971
Listing Date: 12/04/07
On Market: 4 days
Type: CONDO/TH
Status: ACTIVE
MLS #: P612781
List Price: $579,000
Last Sale: 09/01/05
Sales Price: $687,000
Bedrooms: 4
Full Baths: 2
Partial Baths: 1
Square Feet: 1,769
Lot Size: 4,567 Sq. Ft.
Year Built: 1984
Listing Date: 12/07/07
On Market: 1 day
Type: SFR
Status: ACTIVE
MLS #: P613239
21709 LAKE VISTA DRIVE, Lake Forest, CA 92630
List Price: $359,000
Last Sale: 01/18/07
Sales Price: $475,000
Bedrooms: 3
Full Baths: 2
Partial Baths: 0
Square Feet: 1,490
Lot Size: 1,364 Sq. Ft.
Year Built: 1972
Listing Date: 12/06/07
On Market: 2 days
Type: CONDO/TH
Status: ACTIVE
MLS #: P613079
19664 ORVIENTO DRIVE, Lake Forest, CA 92679
List Price: $320,000
Last Sale: 08/28/06
Sales Price: $495,000
Bedrooms: 3
Full Baths: 2
Partial Baths: 0
Square Feet: 1,205
Lot Size: N/A
Year Built: 1997
Listing Date: 12/06/07
On Market: 2 days
Type: CONDO/TH
Status: ACTIVE
MLS #: S514804
9 ARABIS COURT #63, Mission Viejo, CA 92694
List Price: $370,000
Last Sale: 10/10/06
Sales Price: $485,000
Bedrooms: 2
Full Baths: 2
Partial Baths: 0
Square Feet: 1,150
Lot Size: N/A
Year Built: 2003
Listing Date: 12/05/07
On Market: 3 days
Type: CONDO/TH
Status: ACTIVE
MLS #: S514766
23526 EL REPOSA, Aliso Viejo, CA 92656**
List Price: $300,000
Last Sale: 03/03/05
Sales Price: $450,000
Bedrooms: 2
Full Baths: 2
Partial Baths: 0
Square Feet: 1,236
Lot Size: 2,446 Sq. Ft.
Year Built: 1971
Listing Date: 12/04/07
On Market: 4 days
Type: CONDO/TH
Status: ACTIVE
MLS #: P612781
caycifish_IHB
New member
Is that a camera phone picture? Good luck keeping it at an only 44% loss. Fullerton, I welcome you to the "tanking really badly" club.
2643 West Porter AVE
Fullerton, CA 92833
Price: $349,900
$/Sq. Ft.: $247
Beds: 4
Baths: 2
Sq. Ft.: 1,415
Sale History:
07/26/2006 $625,000
09/29/2005 $548,000
11/28/2001 $250,000
08/29/1991 $180,000
http://www.redfin.com/stingray/do/printable-listing?listing-id=1330501
2643 West Porter AVE
Fullerton, CA 92833
Price: $349,900
$/Sq. Ft.: $247
Beds: 4
Baths: 2
Sq. Ft.: 1,415
Sale History:
07/26/2006 $625,000
09/29/2005 $548,000
11/28/2001 $250,000
08/29/1991 $180,000
http://www.redfin.com/stingray/do/printable-listing?listing-id=1330501
caycifish_IHB
New member
30% loss.
420 North Wayne AVE
Fullerton, CA 92833
Price: $410,000
$/Sq. Ft.: $220
Beds: 3
Baths: 2
Sq. Ft.: 1,864
Sale History:
10/07/2005 $585,000
06/19/1992 $185,000
http://www.redfin.com/stingray/do/printable-listing?listing-id=1124793
420 North Wayne AVE
Fullerton, CA 92833
Price: $410,000
$/Sq. Ft.: $220
Beds: 3
Baths: 2
Sq. Ft.: 1,864
Sale History:
10/07/2005 $585,000
06/19/1992 $185,000
http://www.redfin.com/stingray/do/printable-listing?listing-id=1124793
House_of_cards_IHB
New member
The house on Wayne Ave. feeds into some of the best Fullerton schools too. Great find!
ns2524_IHB
New member
Talk about chasing the market. The price is reduce 7 times in last 4 months.
Price Reduced: 09/26/07 -- $565,000 to $549,900
Price Reduced: 10/14/07 -- $549,900 to $545,000
Price Reduced: 10/24/07 -- $545,000 to $525,000
Price Reduced: 10/30/07 -- $525,000 to $499,000
Price Reduced: 11/20/07 -- $499,000 to $455,000
Price Reduced: 11/28/07 -- $455,000 to $425,000
Price Reduced: 12/07/07 -- $425,000 to $410,000
Price Reduced: 09/26/07 -- $565,000 to $549,900
Price Reduced: 10/14/07 -- $549,900 to $545,000
Price Reduced: 10/24/07 -- $545,000 to $525,000
Price Reduced: 10/30/07 -- $525,000 to $499,000
Price Reduced: 11/20/07 -- $499,000 to $455,000
Price Reduced: 11/28/07 -- $455,000 to $425,000
Price Reduced: 12/07/07 -- $425,000 to $410,000
caycifish_IHB
New member
31% loss.
12740 Sycamore ST
Garden Grove, CA 92841
Price: $399,000
$/Sq. Ft.: $277
Beds: 3
Baths: 2
Sq. Ft.: 1,442
Sale History:
12/22/2005 $580,000
07/02/1999 $174,500
http://www.redfin.com/stingray/do/printable-listing?listing-id=1263013
12740 Sycamore ST
Garden Grove, CA 92841
Price: $399,000
$/Sq. Ft.: $277
Beds: 3
Baths: 2
Sq. Ft.: 1,442
Sale History:
12/22/2005 $580,000
07/02/1999 $174,500
http://www.redfin.com/stingray/do/printable-listing?listing-id=1263013
No_Such_Reality_IHB
New member
IndyMax slashes the REO price. 30% off of the prior high sale. http://redfin.com/stingray/do/printable-listing?listing-id=1207208
2119 Wallace AVE
Costa Mesa, CA 92627
Price: $449,900
Date
Price
Appreciation
08/21/2007
$532,683
-9.3%/yr
12/29/2005
$625,000
16.8%/yr
12/24/1998
$210,000
--
Frankly, if it's a fixer, it probably has another $150,000 to go.
2119 Wallace AVE
Costa Mesa, CA 92627
Price: $449,900
Date
Price
Appreciation
08/21/2007
$532,683
-9.3%/yr
12/29/2005
$625,000
16.8%/yr
12/24/1998
$210,000
--
Frankly, if it's a fixer, it probably has another $150,000 to go.