SoCal78_IHB
New member
[quote author="JoonB" date=1250838949]The owners want to retire to that LeisureWorld (or whatever it's called) in Laguna Hills. </blockquote>
Seizure World.
Seizure World.
Newport Beach Prices Dropping
- Thread starter jrichardsn_IHB
- Start date
bkshopr_IHB
New member
[quote author="SoCal78" date=1253606020][quote author="JoonB" date=1250838949]The owners want to retire to that LeisureWorld (or whatever it's called) in Laguna Hills. </blockquote>
Seizure World.</blockquote>
Laguna Wood.
Seizure World.</blockquote>
Laguna Wood.
irvine_home_owner_IHB
New member
[quote author="SoCal78" date=1253606020][quote author="JoonB" date=1250838949]The owners want to retire to that LeisureWorld (or whatever it's called) in Laguna Hills. </blockquote>
Seizure World.</blockquote>
Geezer World (I don't know if that's more or less nice).
Seizure World.</blockquote>
Geezer World (I don't know if that's more or less nice).
usctrojanman29_IHB
New member
This isn't a property that many of you guys would be interested in but I think it's in a great location and someone purchased it for $594,150.01 (purchased for $1.5M in 2007 or over a 60% drop)....<a href="http://www.redfin.com/search#lat=33.630585&long;=-117.949028&market=socal&open_house=2&parcel_by_property_id=3230993&status=1&time_on_market_range=1-&v=5&zoomLevel=16">431 Lugonia Street in Newport Beach</a>
morekaos_IHB
New member
Someone got a smokin deal
usctrojanman29_IHB
New member
[quote author="morekaos" date=1253830681]Someone got a smokin deal</blockquote>
I'd need to run the comps, but I would think you could quickly flip that baby for a 20-25% mark-up.
I'd need to run the comps, but I would think you could quickly flip that baby for a 20-25% mark-up.
Nude_IHB
New member
[quote author="USCTrojanCPA" date=1253830874][quote author="morekaos" date=1253830681]Someone got a smokin deal</blockquote>
I'd need to run the comps, but I would think you could quickly flip that baby for a 20-25% mark-up.</blockquote>
It's southeast of the OCSD #2 Treatment plant, on the other side of the Santa Ana river. Quite possibly the only place along PCH that would make Blightwater smell good in comparison.
I'd need to run the comps, but I would think you could quickly flip that baby for a 20-25% mark-up.</blockquote>
It's southeast of the OCSD #2 Treatment plant, on the other side of the Santa Ana river. Quite possibly the only place along PCH that would make Blightwater smell good in comparison.
OC Zed_IHB
New member
[quote author="Nude" date=1253854437][quote author="USCTrojanCPA" date=1253830874][quote author="morekaos" date=1253830681]Someone got a smokin deal</blockquote>
I'd need to run the comps, but I would think you could quickly flip that baby for a 20-25% mark-up.</blockquote>
It's southeast of the OCSD #2 Treatment plant, on the other side of the Santa Ana river. Quite possibly the only place along PCH that would make Blightwater smell good in comparison.</blockquote>
You really don't get the smell in Newport Shores, particularly a few blocks away from the south border of the neighborhood where this house is located.
With that being said, a 20-25% markup on this house is not realistic given how the recent comps have been trending and that this house appears to be one of the one story homes in the neighborhood which sell for much less than the two stories.
Oh, and you also have other well kept homes on the street, like <a href="http://www.ocregister.com/articles/rosansky-property-city-2204989-house-wood">Councilman Rosansky's house</a>.
I'd need to run the comps, but I would think you could quickly flip that baby for a 20-25% mark-up.</blockquote>
It's southeast of the OCSD #2 Treatment plant, on the other side of the Santa Ana river. Quite possibly the only place along PCH that would make Blightwater smell good in comparison.</blockquote>
You really don't get the smell in Newport Shores, particularly a few blocks away from the south border of the neighborhood where this house is located.
With that being said, a 20-25% markup on this house is not realistic given how the recent comps have been trending and that this house appears to be one of the one story homes in the neighborhood which sell for much less than the two stories.
Oh, and you also have other well kept homes on the street, like <a href="http://www.ocregister.com/articles/rosansky-property-city-2204989-house-wood">Councilman Rosansky's house</a>.
freedomCM_IHB
New member
<strong>Check it out, REOs are 35% off in NPB:</strong>
<blockquote>Property History for 1826 TOYON Ln
Date Event Price Appreciation Source
Nov 18, 2009 Listed $925,000 -- SoCalMLS #S596478
Aug 26, 2009 Sold (Public Records) $1,428,125 -2.0%/yr Public Records
Aug 15, 2005 Sold (Public Records) $1,549,000 -- Public Records</blockquote>
<a href="http://www.redfin.com/CA/Newport-Beach/1826-Toyon-Ln-92660/home/3561049">mariners west bay</a>
(of course, why anyone would pay $1.5M for this is beyond me...)
<blockquote>Property History for 1826 TOYON Ln
Date Event Price Appreciation Source
Nov 18, 2009 Listed $925,000 -- SoCalMLS #S596478
Aug 26, 2009 Sold (Public Records) $1,428,125 -2.0%/yr Public Records
Aug 15, 2005 Sold (Public Records) $1,549,000 -- Public Records</blockquote>
<a href="http://www.redfin.com/CA/Newport-Beach/1826-Toyon-Ln-92660/home/3561049">mariners west bay</a>
(of course, why anyone would pay $1.5M for this is beyond me...)