Newport Beach Prices Dropping

[SoCal78_IHB]

The owners want to retire to that LeisureWorld (or whatever it's called) in Laguna Hills.

Seizure World.

 

[bkshopr_IHB]

The owners want to retire to that LeisureWorld (or whatever it's called) in Laguna Hills.

Seizure World.

Laguna Wood.

 

[irvine_home_owner_IHB]

The owners want to retire to that LeisureWorld (or whatever it's called) in Laguna Hills.

Seizure World.

Geezer World (I don't know if that's more or less nice).

 

[usctrojanman29_IHB]

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)....431 Lugonia Street in Newport Beach

 

[morekaos_IHB]

Someone got a smokin deal

 

[usctrojanman29_IHB]

Someone got a smokin deal

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]

Someone got a smokin deal

I'd need to run the comps, but I would think you could quickly flip that baby for a 20-25% mark-up.

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]

Someone got a smokin deal

I'd need to run the comps, but I would think you could quickly flip that baby for a 20-25% mark-up.

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.

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 Councilman Rosansky's house.

 

[freedomCM_IHB]

Check it out, REOs are 35% off in NPB:

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

mariners west bay

(of course, why anyone would pay $1.5M for this is beyond me...)