Losses Outside of Irvine

NEW -> Contingent Buyer Assistance Program
nsr - In the description of 20 Foliate Way, it says, "not your typical Bank Owned property". It may not be typical Bank Owned property presently, but just wait a few more months.
 
nsr, the pics on the Chadron listing are horrible ! One shows a cramped little room, one a messy kitchen with a rag hanging off the counter, and the other a pic of a desk with a huge fax/copier machine (WTF?). Realtards should have to take photography 101 prior to getting their license.
 
<p>Merry Christmas everyone! </p>

<p>43% loss if the bank sells it for this price.</p>

<p>949 North Mohican AVE


Anaheim, CA 92801 </p>

<p><strong>Price: $331,200</strong></p>

<p><strong>$/Sq. Ft.: $218</strong></p>

<p>Beds: 3


Baths: 2


Sq. Ft.: 1,519


Lot Size: 7,107 sq. ft. </p>

<p>Sale History:</p>

07/19/2007 $490,834


<strong>08/05/2005 $585,000 </strong>


<p><img alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/670/P614670_1_0.jpg" /> </p>

<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1356673">http://www.redfin.com/stingray/do/printable-listing?listing-id=1356673</a></p>
 
<p>Anaheim has some easy examples of losses, but it's getting boring. Here's one in Fullerton. 27% loss so far. </p>

<p>4243 West Olive AVE


Fullerton, CA 92833 </p>

<p><strong>Price: $450,000</strong></p>

<p>$/Sq. Ft.: $349</p>

<p>Beds: 4


Baths: 3.5


Sq. Ft.: 1,300


Lot Size: 6,000 sq. ft. </p>

<p>Sale History:</p>

08/23/2007 $535,000


<strong>03/07/2006 $615,000</strong>


04/23/2001 $250,000


03/22/1996 $164,000


02/14/1990 $210,000


<p><img alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/861/P607861_0.jpg" /> </p>

<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1259258">http://www.redfin.com/stingray/do/printable-listing?listing-id=1259258</a></p>
 
I live about 200 yards from the 1800 E MADISON property. FMV on that home is $360K assuming 200x rent for this neighborhood. My wife wants to move because we're on the wrong side of Tustin (go drive down Oak Street between Walnut and Palm and you'll understand).
 
<p>Update to the Hillhurst condo in Laguna Niguel.</p>

<p>New price $249,900. That's 37% off the Dec 2005 purchase, 21% off the Nov 2004 purchase price. </p>

<p>http://www.redfin.com/stingray/do/printable-listing?listing-id=1221907</p>

<p>Previously posted by ns2524 on 10/17/2007.</p>





<p>23732 HILLHURST DRIVE #9, Laguna Niguel, CA 92677


List Price: $319,000


Last Sale: 12/30/05


Sales Price: $395,000


Bedrooms: 2


Full Baths: 2


Partial Baths: 0


Square Feet: 978


Lot Size: N/A


Year Built: 1973


Listing Date: 10/16/07


On Market: 1 day


Type: CONDO/TH


Status: ACTIVE


MLS #: S509616 </p>
 
A Newport Coast 28% rollback (short sale). I thought the high end properties were immune?







Price: $1,799,000


Last Sale: $2,5000,00 (1/23/2007)



<a style="text-decoration: none;" href="http://www.redfin.com/stingray/do/how-you-save?direct-section=buy"> </a>



26 Still Water



Newport Coast, CA 92657













Beds:



4











Baths:



3.5











Sq. Ft.:



2,000











$/Sq. Ft.:



$900











Lot Size:



-









Type:

Single Family Residence





Style:

Other





Year Built:

2005





Stories:

Two Levels





View(s):

Valley, Has View





Area:

Newport Coast







County:

Orange









MLS#:



M107854











Status:



Active











On Redfin:



119 days










http://redfin.com/stingray/do/printable-listing?listing-id=1088468
 
<p>39% loss in Orange if the short sale is approved. </p>

<p>1215 East Locust AVE


Orange, CA 92867</p>

<p><strong>Price: $425,000</strong></p>

<p>$/Sq. Ft.: $376</p>

<p>Beds: 3


Baths: 1.5


Sq. Ft.: 1,131


Lot Size: 6,540 sq. ft. </p>

<p>Sale History:</p>

<strong>01/27/2006 $695,000</strong>


07/15/2005 $540,000


<p><img alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/431/P597431_1_0.jpg" /> </p>

<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=1090914">http://www.redfin.com/stingray/do/printable-listing?listing-id=1090914</a></p>
 
<p>27% loss in Fullerton. </p>

<p>409 North Michael AVE


Fullerton, CA 92833 </p>

<p><strong>Price: $440,000</strong></p>

<p>$/Sq. Ft.: $364</p>

<p>Beds: 3


Baths: 1.5


Sq. Ft.: 1,208


Lot Size: 7,500 sq. ft. </p>

<p>Sale History:</p>

<strong>12/13/2005 $605,000</strong>


06/03/1999 $205,000


01/07/1997 $165,000


<p><img alt="" src="http://i-0.rfimg.us/photo/46/bigphoto/272/R706272_3.jpg" /> </p>

<p><a href="http://www.redfin.com/stingray/do/printable-listing?listing-id=829155">http://www.redfin.com/stingray/do/printable-listing?listing-id=829155</a></p>
 
The Fullerton house on Michael is right around the corner from the one Cayci profiled a while ago on Wayne. Both schools feed into excellent schools including Sunny Hills High, which is similar in demographics to Irvine.



The prices on these Fullerton homes have me rethinking my plans on a purchase in Irvine or Cerritos in a couple of years. Sunny Hills is an excellent school and these homes have huge lots.
 
I apologize for a slight high jacking of the thread.





House_of_cards,





You have made a few references to the quality of schools, and forgive me if I am assuming here, but I am not sure if you are aware of the dark side of the schools you think highly of. Just because a school looks good on paper, doesn't mean it is as good as it appears. I will give you my opinion, and the €2 it is not worth, but I hope you find the real life info relevant.





The Villa Park schools do have the not great areas feed into it. Kodiak street, (which is around the way from the Baldwin property), feeds into Vila Park. I do not know you, but I wouldn't want for you to drive down Kodiak at night, whether I knew you or not. I wouldn't be concerned with the quality of the school, if I knew who my kid was walking home with. This is something to highly consider. Are you going to be able to pick up your kid or kids from school everyday? If not, then think about who will be around them when you are not. There has been, and will always be, politics at VP. Especially with regards to sports. A lot of sports related families have lived, or are living in the VP area. IIRC Bret Boone still holds the record for the most homeruns at VPH. You should check to see how many of the coaches are teachers. When I was there, there was a lot of favoritism going on. VP also has "old money", (old for Cali, but not east coast old money), and it has new money. This makes for a lot of superficial ideals, and a lot of money sloshing around. I grew up thinking the LV bag came standard with the Mercedes, and it is a joke to this day amongst friends. With money comes drugs. High quality, and easily available drugs. There has never been, nor will there ever be, a shortage of quality drugs at VP. In the late 90s there was a high profile cocaine drug bust, that involved a VP kid. Granted, the dumb ass behind it all (not the VP kid), drove around in a new Ferrari every week, but none the less a VP kid was involved. VP has had it's share of crap go down. Google the Hamberian family, to see what I mean.





Sunny Hills, or aka Scummy Hills, has had it's share of crap too. If you haven't seen <a href="http://www.betterlucktomorrow.com/">Better Luck Tomorrow</a>, then I recommend that you do. It is loosely based on <a href="http://www-personal.umich.edu/~froomkin/texts/366.html">the Stuart Tay murder</a>. Scummy hills has had, and continues to have gang issues. BLT touches on the subject, but these gangs are the real deal, and should be feared at the highest degree. Wah Ching is feared, but the Triad connections make it worse. And, the Korean gangs can be nasty too, especially with the jopok connections. Again, being in the worst area of the district could mean your kid/s will be around the people from that area. I am sure there are plenty of good kids in the area, but more likely they will be a negative influence.





IMO, there are schools to avoid, but even the ones that look good on paper have their faults. Personally, if I had kids I would want them to go to Irvine schools, and I would still be skeptical. I have several friends, who graduated from Irvine public schools, and they all can relate to the above. I would rather my kid/s go to <a href="http://www.lilaschool.com/">LILA</a>, <a href="http://www.materdei.org/pages/sitepage.cfm?page=147870">Mater Dei</a>, or my favorite <a href="http://www.ocsarts.net/">OCHSA</a>. I really wish OCHSA was around when I went to high school. And, they have their issues too.





So there is my €2, if it is worth that. I think it has more to do with the whole package as to how a kid will do in school. I do not think the school is what makes the student successful, but the surroundings are just as important, if not more.
 
<p><em>"I really wish OCHSA was around when I went to high school. And, they have their issues too."</em></p>

<p>Issues? What issues? I am not being sarcastic. I really want to know. What issues does OCHSA have? Also, this is not a challenge for an argument.</p>

<p>My oldest went to OCHSA for five years, when OCHSA first moved to Santa Ana. The politics are huge, but I don't see that as having a great effect on the kids or their education. The politics seems mostly to involve the large amounts of money and how they are spent, but honestly, there seems to be enough for every department and every kid, although of course, every department wants more.</p>

<p>And of course, the best department, with the best kids, is the Classical Dance Department, (ballet). </p>

<p>I would vote OCHSA as the best high school in Orange County, maybe the best in California.


</p>
 
Graphix,

I am very aware of some of the problems at these schools and Kodiak street. IMO, many high schools will always have problems because of the age of the kids, regardless of location.



Villa Park HS and Sunny Hills have reputations that people pay for when buying houses. As an educator, my friends often ask me how to judge a quality of a school. Most people rely on test scores and reputation and so problems or not, homes that feed into VP and SH tend to reflect that in their prices. So, when I see huge price decreases in homes that feed these schools, I'm impressed.



Many people cannot afford to their kids to LILA, Mater Dei, or other private schools and IIRC, OCHSA has an audition process to be accepted.
 
<p>Went to Sunny/Scummy Hills a few years back. Was there during Stuart Tay. With the advent of Troy's Tech program, some of the glitz has been removed from Sunny Hills.</p>

<p>It used to be one of the top schools in the state, on par w/ Whitney and Irvine schools. Very competitive, had IB program back in the early 90s and tons of other accolades. Housing in the area is much cheaper and feeder school Parks is one of the better junior highs.</p>
 
vphs, university, sunny hills, troy, ochsa, whitney, harvard westlake, exeter, philips academy... put your kid in the wrong school and he/she will end up working at billybobs burgerhouse! <<dum dum dooooom!>>





ultimately the success of a child has a lot to do with parenting and environment. which is to say that moving to turtle rock so your kid can attend uni high is not an automatic acceptance to harvard if you're an absentee parent. vice versa being a great parent alone doesnt make up for your sending your children to a school that can barely afford proper teaching materials, where other students, teachers, and parents dont seem to be very invested.





freakonomics touches on this subject heavily. its sort of a self-fulfilling prophecy. you work hard, want the best for your children, even willing to move to a particular neighborhood in order to put them in a good school. kids turn out alright so it must be irvine schools are fantastic, right??? yes, but a big part of it is also that you sound like a good parent. sort of like baby seats in the car. are children safer in car seats because of the car seats themselves or because of the protective parents that buy care seats who tend to drive safer. is britney spears's child in danger because hes not in a car seat, or because, well... his mom is britney spears???





when i have a child, i think i'll just teach him to pitch left handed and hope he makes the big leagues.
 
<p>Fully agree w/ you acpme. The person I know who is the most happiest and loves what they do, went to CSUF. I (went to ucla) have friends that ended up at Stanford, UCB, MIT, etc. and are still searching for themselves. I think we put too much emphasis on the quality of schools, rather than the quality of parenting.</p>
 
<em>when i have a child, i think i'll just teach him to pitch left handed and hope he makes the big leagues.





</em>I am glad I am not the only one who thinks about it this way. I will add, that it is important to learn how to throw a nasty cut fastball, and have wickedly deceptive change up. Forget the breaking ball, no need to have Tommy John surgery at age 23. It's all about the long term contract.





Awgee,


<em>


Issues? What issues? I am not being sarcastic. I really want to know. What issues does OCHSA have? Also, this is not a challenge for an argument.





</em>You crack me up. Don't you know that one sarcastic person can tell when another sarcastic person is being serious? I doubt you and I would have an argument, surprisingly we are both very level headed. We just like to push buttons. I don't know what issues the school itself would have, but I do know some of the students know where the good parties are. Like I said <em>some </em>students, not all. Other than that, I don't know of other issues, and almost any school would have the same issues.





<em>I would vote OCHSA as the best high school in Orange County, maybe the best in California.





</em>I completely agree with you here. Like I said, I wish it were around when I was in school. I am jealous that your daughter got to go there. Although, I don't think ballet is my forte, I'm a little clumsy.
 
<i>"Although, I don't think ballet is my forte, I'm a little clumsy."</i><p>


Too bad, the boy ballet dancer, when there even is one, not only has great odds going for him with the ballerinas, but also can get a full ride will mediocre grades to just about any college that has a ballet department. Imagine what it must be like being the only boy around twenty girls who, although politically very incorrect, were selected partially by their svelte figure type, and much of your job is to have your hands <b>all</b> over them. <p>


<i>"but I do know some of the students know where the good parties are."</i><p>


I had no idea. My daughter hung out with the ballerinas and as a group they are studious, competetive, and a bit sheltered. I think I was at most parties that she attended as a high school student, except for maybe prom. I was a "chaperone" at the other dances. I think she went to one or two birthday parties, but they were all girl type events and were quite innocent compared to the type of parties you and I experienced in high school.
 
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