Owner: South OC Real Estate Tracker URL:http://www.southoctracker.com/ Join Date: Sat, 22 Sep 2007 12:04:12 -0500 Rating:0 Site Description: A blog dedicated to following trends and discussing the latest South Orange County, California news. Site statistics:Click here
Finding a buyer in...Dana Point 2007-12-08 13:32:00 There are currently 15 homes that are pending for sale in Dana Point through the MLS, according to my search. There's a chance that not all of these sales will close (for unexpected reasons, like a sudden lack of financing or a bad inspection), but since a buyer and seller have connected, these can be interesting indicators of what it took for the sellers to successfully locate buyers in this market.Here is more than you probably ever wanted to know about these Dana Point properties:*11 of the 15 properties (condos and single family homes) that are pending lowered their asking price at least once. One property actually increased its asking price by $100,000 (initially lowered it by $100,000 and then raised by $200,000 - it's pictured at the left). Remember, though, that this does not mean much - the agreed sales price could be higher or lower than the asking price in all these situations.*The average (mean) price cut among the properties that lowered their price was a whopping $214,4
$250/sq ft in RSM 2007-12-07 08:51:00 Lots of square footage for the price of this Rancho Santa Margarita home. Redfin has it pegged at 185 days on the market though without a sale... Asking price: $749,000 Asking price/ sq ft: $250Income requirement: $187,250Purchase price: $939,000Purchase date: 7/14/2005Size: 4 beds, 3 baths, 3,000 sq ft (built in 1997)ZipRealty price tracker: Price Reduced: 6/27/07 -- $969,000 to $949,000 Price Reduced: 7/03/07 -- $949,000 to $939,900 Price Reduced: 9/11/07 -- $939,900 to $869,000 Price Reduced: 9/26/07 -- $869,000 to $829,000 Price Reduced: 9/28/07 -- $829,000 to $799,000 Price Reduced: 10/02/07 -- $799,000 to $749,000From listing: BEST BUY IN THE CITY FOR A HUGE HOME ON PRIME Cul De SAC LOCATION!! Huge loft could easily be 5th bedroom with room enough to still have a loft/office area. Large master suite features French doors that open to spectacular view deck. Center island kitchen opens to family ro
Keeping an eye on...La Habra 2007-12-06 10:54:00 The big news is obviously tomorrow's unveiling of a subprime ARM rate freeze plan. If you're one of those who will eventually benefit - we wish you the best. If you're one of the many who are mad about the plan's moral implications...well, we feel your pain there.To change gears a bit, let's check out a property from a different part of the county - La Habra. This city is pretty much about as northeast as you can get while still remaining in Orange County. It's got a population of about 62,500. Median household income at the time of the 2000 census was $47,652.La Habra also has its share of short sales and foreclosures. Here's one of them: 2121 E Hodson, 90631 Asking price: $455,000 Asking price/ sq ft: $325Income requirement: $113,750Purchase price: $600,000Purchase date: 9/30/2005Size: 4 beds, 1.75 baths, 1,398 sq ft (built in 1959) MLS: H07124148 (105 days on Redfin) ZipRealty price tracker: Price Reduced: 10/06/07 -- $520,000 to $455,0002006 property tax: $6
Dana Point doubleheader 2007-12-05 09:35:00 It would be hard to argue that the Dana Point market is by any means rosy right now - we're seeing 60% and 31% year-over-year declines in sales volume in its two ZIP codes - but it's not completely falling apart (yet?). Not, at least, compared to places like Lake Forest.Still, no area is really immune to the current housing situation. Here are two completely decent-looking properties in Dana Point that are really feeling the pain of the downturn: 24661 East Cordova Dr, 92629 (REO)Asking price: $550,000Asking price/sq ft: $388Income requirement: $137,500Peak price: $700,000Peak purchase date: 4/14/2006% decline (if sale at asking price): 21.4%From listing: 2 Bedroom (w/ large sunroom attchd to bedroom 1) & 2 full bathrooms. High vaulted ceilings in Great Room (Kitchen, Dining, Living). Kitchen includes double oven, trash compactor & large island. Hardwood floors throughout living area & sunroom. Shutters and window coverings. Great buy for area. Just a few short blocks to
This "great deal" has lasted 2007-12-04 08:53:00 This Lake Forest house is up for sale. It looks like a pretty good bargain compared to the previous sale price and its competition:Asking price: $450,000 Asking price/ sq ft: $340Income requirement: $112,500Purchase price: $658,000Purchase date: 9/29/2005Size: 3 beds, 2 baths, 1,322 sq ft (built in 1969)From listing: GREAT DEAL! WON'T LAST. Nice and spacious house. Come & see this lovely home, 3BD/2BD. It features a beatiful kitchen. New paint, tile throughout.This property has been on Redfin for 62 days and is still active. Typically, a seller is encouraged to de-personalize the inside of their property and adopt neutral colors. I don't believe that strategy was put into practice judging by the picture on the left.There is no address on the Redfin listing, but it does come with one on ZipRealty, so look there. Also try Zillow.It's the lowest-priced three-bedroom, two-bath house within a 1/2 mile radius, according to ZipRealty -by $100 grand. 22971 Cavanaugh is a little less tha
For you visual types... 2007-12-19 09:05:00 Here is how the Orange County median single family detached home price has changed over the years, as reported by the Calif. Assocation of Realtors (CAR). Some things on this chart:Minimum value is $129,641 in 1982. Max (peak) value is $721,190 in February 2007. The rest of the data points are each October's median price - October 2007 is the last month we currently have CAR data for.The other two points labeled on the chart ($241,708 and $209,400) are the peak and trough of the last downturn. However, these are not the absolute peak and trough - just the highest October median and lowest October median during that period.The median increased nominally by 61.5% between 1982 and 1995 - that's around a 3.8% average increase each year. It then proceeded to appreciate by 72.0% between 1995 and 2001, and then by another 87.1% between 2001 and October 2007. To arrive at the 2007 median, the 1995 median would have had to increase by an average of about 10.2% each year.CAR's latest reported Read more:types
How do they do it? 2007-12-17 22:24:00 It is probably not too surprising that the asking rates for these rental properties - all actives pulled off the MLS - are far below what the monthly carrying costs would be if they were instead purchased with non-risky loans and 20% downpayments.These properties also are intriguing since it doesn't seem likely that, even if successfully rented at their full monthly asking rates, any would collect nearly enough monthly income for the landlord to cover their carrying costs.In essence, these properties would be generating negative cash flow for their owners while the tenants would be enjoying full, temporary use of them at a rate well below the cost of ownership. Not a good short-term picture for the landlords.How then, are these landlords making ends meet? Unless you believe these properties were either purchased with cash or incredibly large downpayments, exotic loans are likely in play, since they could substantially bring down the carrying costs (for a while at least).30962 Via Mira
23% off '05 price in MV 2007-12-17 14:13:00 By looking at the sales history on Redfin, we can see the value of this Mission Viejo house went up by "just" $91,000 between 1991 and 1999 - though it actually decreased in value by $69,000 from 1991-1995 and a seller lost money on the transaction.The property proceeded to more than double in value between 1999 and 2004 (bubble anyone?) from $410,000 to an astounding $840,000. Even more astounding is a bagholder was found in July of 2005 who was willing to pay nearly $1 million for this property ($975,000).Was this an actual transaction? Or is this a Redfin mistake and what we're actually seeing is some sort of refinance/cash out? Sorry, but this doesn't look like a million-dollar place to me. Easily livable, yes. Luxury? No way.Today's market seem to agree with me. Now the property is up for sale for what would be a very sizable loss...Asking price
: $754,900Asking price/ sq ft: $258Income requirement: $188,725Purchase price: $975,000Purchase date: 7/21/2005Size: 5 beds, 2.5 baths,
Finishing the week with a bang 2007-12-15 13:45:00 All week this week we've shown you anecdotal examples of luxury South OC properties that would be selling at a loss if a buyer could be located to complete a successful sale. These don't explain the full market by any means, but they do show that no area is completely immune - no matter what the price tag - to the recent real estate troubles.Here's one more, this time in San Juan. It's a pretty new house and a relatively recent addition to the inventory of homes for sale... Asking price: $1,399,000 Asking price/ sq ft: $351Income requirement: $349,750Purchase price: $1,496,500Purchase date: 2/06/2006Size: 5 beds, 4.5 baths, 3,986 sq ft (built in 2006) 2006 property tax: $14,522HOA dues: $286Type: Single Family Residence Style: Contemporary Stories: Two LevelsLot size: 6,900 sq ftFrom listing: Don't miss your chance to take up residency in the exclusive gated community of Rancho Madrina. Just a short walk to downtown S
21% decline in Laguna Beach 2007-12-13 20:27:00 This nice-looking LagunaBeach
property appears to be in for trouble. It's been on Redfin for 114 days so far and no sale. If they already did the planned remodel and expansion would it have sold already? Asking price: $1,400,000 Asking price/ sq ft: $955Income requirement: $350,000Purchase price: $1,775,000Purchase date: 12/15/2006Size: 2 beds, 1.5 baths, 1,466 sq ft (built in 1953)ZipRealty price tracker: Price Increased: 8/20/07 -- $1,800,000 to $1,900,750 Price Reduced: 9/20/07 -- $1,900,750 to $1,598,900 Price Reduced: 10/20/07 -- $1,598,900 to $1,475,000 Price Reduced: 11/20/07 -- $1,475,000 to $1,400,0002006 property tax: $13,814Type: Single Family Residence Style: Spanish Stories: One LevelLot size: 6,500 sq ftFrom listing: Beautiful Spanish style home. Spacious office/den which can be used as a 3rd bedroom. Private courtyard entry with fountain, french doors and windows throught. Two large decks, granite in kitchen an Read more:Laguna Beach
San Clemente $1-million-plus rollback 2007-12-12 14:37:00 This 4-bedroom mansion in Forster Ranch (San Clemente) is another example of the small crack forming in the luxury home market. Looks relatively "cheap" at $275/sq ft...Asking price: $1,099,000 Asking price/ sq ft: $275Income requirement: $274,750Purchase price: $1,150,000Purchase date: 1/30/2007Size: 4 beds, 3.5 baths, 4,000 sq ft (built in 2002) Days on Redfin: 57 ZipRealty price tracker: Price Reduced: 11/08/07 -- $1,229,000 to $1,199,000 Price Reduced: 12/04/07 -- $1,199,000 to $1,179,000 Price Reduced: 12/08/07 -- $1,179,000 to $1,099,0002006 property tax: $14,855HOA dues: $175Type: Single Family Residence Style: Mediterranean Stories: Two LevelsFrom listing: Model perfect home on private cul de sac in Cantomar! Tired of showing over priced listings that don't show well? Look no further! Grand entry w/ circular staircase, HIGHLY upgraded with marble flooring, gourmet kitchen with granite and cherry cabinets, custom paint and woodwork, moldings Read more:million
Luxury rollback in Laguna Niguel 2007-12-11 10:23:00 Continuing this week's theme of million-dollar properties gone awry amidst a tumbling market, here is one from prestigious Laguna
Niguel...Asking price: $1,299,900 Asking price/ sq ft: $399Income requirement: $324,975Purchase price: $1,461,500Purchase date: 6/23/2005Size: 5 beds, 4.5 baths, 3,255 sq ft (built in 2005) ZipRealty price tracker: Price Reduced: 9/12/07 -- $1,695,000 to $1,595,000 Price Reduced: 10/21/07 -- $1,595,000 to $1,495,000 Price Reduced: 12/03/07 -- $1,495,000 to $1,299,9002006 property tax: $15,177HOA dues: $159Type: Single Family Residence Style: Mediterranean Stories: Two LevelsLot size: 8,015 sq ftFrom listing: Huge Price Reduction-Reduced over $200,000! Gorgeous home located in the prestigious guard gated community of San Joaquin Hills. Spacious floor plan highly upgraded w/ gourmet kitchen, granite counters, wrought iron spiral staircase, surround sound, built-ins, custom paint, Read more:Luxury
13% discount in Laguna Beach 2007-12-10 06:41:00 Not even a Park Avenue address (whoops, wrong state) could save this LagunaBeach
property from the housing decline. Nope - not even the luxury market is completely immune, folks.The asking price is 13% off from the purchase price in 2005, and no takers after 300 days on Redfin.Asking price: $1,090,000Asking price/ sq ft: $662Income requirement: $272,500Purchase price: $1,250,000Purchase date: 6/20/2005Size: 3 beds, 2 baths, 1,646 sq ft (built in 1948) ZipRealty price tracker: Price Reduced: 3/17/07 -- $1,375,000 to $1,299,999 Price Reduced: 8/25/07 -- $1,299,999 to $1,199,999 Price Reduced: 11/26/07 -- $1,199,999 to $1,090,0002006 property tax: $13,814Type: Single Family Residence Stories: Two LevelsLot size: 5,810 sq ftFrom listing: Two story open floor plan, kitchen has granite counters and stainless steel appliances, masterbath has walk-in closet, marble counters, spa tub and seperate large ston Read more:Laguna Beach
A Christmas wish 2007-12-24 12:40:00 If the holiday real estate elf let me pick any two South OC houses to buy, I guess these would do...San Juan mansion - 7,973 sq ft palace on 1 acre. Asking price: $3.75 million. Listing description: Panoramic mountain, ocean & city lights views from the gated custom compound in Peppertree bend on a sprawling 1 acre lot! This stunning estate includes a main house w/ elevator, great room, library, 7 cozy fireplaces, enormous bonus room, sparkling pool, bubbling spa & lighted tennis court w/ separate guest suite. Main floor master suite w/ recently upgraded bath & customized closet. Circular, long driveway w/ multiple car parking. Host weekend events w/ grounds to spare. Only blocks to Dana Point Harbour!If there was ever a "gourmet kitchen," this would be it, folks.Say you'd rather be closer to the beach? How about this Laguna Beach property?$18 million for this 5-bedroom property right on Irvine Cove Beach. OK, so it's a pricey $6,489 per sq ft...but look at t Read more:Christmas
REO sittin' in Talega 2007-12-23 11:58:00 Here's another REO - this time in San Clemente's Talega - that's been on the market for months and has not yet attracted a suitable buyer.21 Via Santander, San Clemente, 92673 Asking price: $744,900 Asking price/ sq ft: $302Income requirement: $186,225Peak purchase price: $980,000Peak purchase date: 6/20/2005Size: 3 beds, 2 baths, 2,463 sq ft (built in 2004) MLS: S494471 (179 days on Redfin) ZipRealty price tracker: Price Reduced: 8/01/07 -- $819,900 to $789,900 Price Reduced: 10/03/07 -- $789,900 to $779,000 Price Reduced: 11/13/07 -- $779,000 to $744,9002006 property tax: $14,416HOA dues: $149Type: Single Family Residence Stories: Two LevelsFrom listing: Clean family home in TALEGA. The open & bright floorplan features 3 spacious bedrooms plus a large bonus room, gourmet kitchen w/ granite slab countertops, cozy gas fireplace, upstairs laundry & plenty of storage. The long, gated driveway is perfect to double as a courtyard or an area
Bank deal in Laguna Beach 2007-12-22 03:10:00 Is the holiday spirit working its magic...or is it merely the bottom line that's motivating the lender to cut the price on this LagunaBeach
house turned REO to try and get it sold? Hint: It's probably not the first explanation. 31612 Summit Road, Laguna Beach
, 92651 Asking price: $819,900 Asking price/ sq ft: $789Income requirement: $204,975Peak purchase price: $885,000Peak purchase date: 10/04/2006Size: 3 beds, 2 baths, 1,039 sq ft (built in 1941) MLS: S503810 ZipRealty price tracker: Price Reduced: 10/02/07 -- $889,900 to $869,900 Price Reduced: 11/21/07 -- $869,900 to $844,900 Price Reduced: 12/15/07 -- $844,900 to $819,9002006 property tax: $1,281Type: Single Family Residence Style: Cape Cod Stories: Two LevelsLot size: 2,080 sq ftFrom listing: * * REO * * Awesome South Laguna Beach Cottage with Ocean and Sunset Views! WALK to Beach! Property is a 3 BR upstairs/downstairs
Turning back the clock in Lake Forest 2007-12-21 08:38:00 This REO is one of a handful of foreclosure properties in Lake Forest
. It's also been sitting on the market for a little more than five months despite a discount of $123,000. If you were to factor in sales costs, the money received would be less than the property's price in 2003. 23238 Orange Ave #5, Lake Forest, 92630 Asking price: $241,900 Asking price/ sq ft: $271Income requirement: $60,475FB purchase price: $350,000FB purchase date: 4/28/2006Size: 2 beds, 2 baths, 883 sq ft (built in 1980)MLS: S498266 (149 days on Redfin)ZipRealty price tracker: Price Reduced: 8/06/07 -- $364,900 to $306,900 Price Reduced: 9/07/07 -- $306,900 to $291,500 Price Reduced: 9/22/07 -- $291,500 to $264,900 Price Reduced: 10/20/07 -- $264,900 to $251,600 Price Reduced: 11/28/07 -- $251,600 to $241,9002006 property tax: $2,447HOA dues: $245Type: Condominium From listing: Spacious 2 bedroom, 2 b
Match Game: The sequel 2008-03-11 08:44:00 Back in January, we used past and present headlines to create this post, which pointed out that today's issues tend to have parallels to the 1990s downturn that plagued the area. Now, we're back with some more examples of stories from the present, and how they link up with the past - specifically, early-to-mid 1991 (and one story from 1992). Enjoy...Today's story: NAR public awareness campaign - Good Time to BuyDate: Ongoing"Many real estate markets across the country have recently experienced rising home inventories and stabilizing prices. In these markets, home buyers have increased negotiating power, but may be unsure of how to structure the best deal – they need a professional to help guide them through the transaction. 'Good Time to Buy' emphasizes the value that REALTORS® bring to Read more:Match
, sequel
Something off in Stanton? 2008-03-09 20:47:00 Photo credit: OC RegisterEach Sunday, the OC Register publishes a feature in its Marketplace (formerly Business) section called "Buying it in..." where it features a recently sold property and describes various types of financing that would be needed to purchase the subject property at the sales price.It's a nice little feature - and informative as well, because it gives one a snapshot of the type of income needed and financing options available to buy different types of homes around Orange County.Today's subject property was particularly intriguing since it is located in Stanton. A little background: Stanton (ZIP code 90680) is the No. 7 poorest ZIP in OC, according to the Register's analysis of IRS 2005 income data. The Register pegged the median income in that city in today's story as $
This week in OC history: 2003 2008-03-08 05:57:00 Below is a sampling of headlines and summaries of stories that ran this same week in the OC Register five years ago.OC real estate data, for the 22 business days ending Feb. 7, 2003Median: $365,000 (up 21.7%, year over year)Sales volume: 3,405 (down 0.7%)4-week home payment for SFR at average 30-year interest rate: $1,487 (up 6%)Size matters, or does it? Parents and teachers fight to save the state's class size reduction program amidst budget issues. "Several studies on smaller classes, including four years of research on California's 20-1 program, have failed to make the case that improvements are due to smaller class sizes alone. "PacSun's rise falls to girls. "At a time when many retailers are struggling because of the soft economy, 791-store Pacific Sunwear is on a hot streak...Pacific
Canyon Villas: Then and now 2008-03-07 15:01:00 Here's a promotional video from YouTube that was posted last August featuring CanyonVillas
in Aliso Viejo.You may have heard of this 344-unit condo complex, which was built in 1992 during the previous downturn as a condo neighborhood, but instead was rented out before being re-conditioned a couple years ago back into condos and sold just as the real estate market started to shift.These are located off of Pacific Park Drive, right near Aliso Niguel High and the big Aliso Viejo town center.Apparently they were having some trouble selling the condos off, and there was an auction in October 2006 to unload 34 units.Here are the prices mentioned in the video (not sure when it was shot, but obviously before August 2007), along with a check of how similar units are priced now:One-bedroom units st
Back to basics 2008-03-07 07:35:00 South OC is largely a bedroom community within a bedroom community, but that doesn't mean you can't find some off-the-beaten-path properties in the nearby canyon areas if you're looking for a little solitude, or the chance to be more in tune with nature.Tip: If you ever head out to Trabuco Canyon, be sure to make a reservation to eat at this neat steak house - a place Nixon chowed down at. Oh, and don't wear a tie (people who have been there and have seen the hanging ties know what I'm talking about).Here are some properties for sale that bust out of the tract house mold and let you live the simple life...if you dare.17451 South Olive Hill Rd, Orange, 92676Price: $299,900Size: 1 bed, 1 bath, 700 sq ftMLS: S500917 (208 days on Redfin)Area: Modjeska CanyonPurchase price: $225,000Des
Laguna Beach REO discount 2008-03-06 10:00:00 Thanks to a reader for pointing us to this LagunaBeach
REO property. You heard right - REO. It's also pretty evident that the bank is not interested in letting this property sit on the market indefinitely, and has priced it very aggressively. Wasn't this sort of thing not supposed to happen in a luxury market like Laguna?1044 Wykoff Way, Laguna Beach
, 92651 Asking price: $779,000 Asking price/ sq ft: $837Income requirement: $194,750Purchase price: $1,348,500Purchase date: 1/31/2008Size: 2 beds, 1 bath, 931 sq ft (built in 1960) MLS: S522937 (9 days on Redfin) 2007 property tax: $2,992Type: Single Family Residence Style: Contemporary Stories: One LevelLot size: 2,600 sq ftFrom listing: Renovated 2006, designer floring, custom fireplace, recessed lighting, Remo
$2.35 mil no more in Talega 2008-03-05 11:58:00 In the previous post, we covered a property facing what may end up being a $500k loss. Here's a luxury property in San Clemente that appears to be even worse off.41 Calle Careyes, 92673 Asking price: $1,795,000 Asking price/ sq ft: $401Income requirement: $448,750Purchase price: $2,350,000Purchase date: 10/6/05Size: 4 beds, 5 baths, 4,480 sq ft (built in 2005) MLS: S523422 (5 days on Redfin) 2006 property tax: $31,530HOA dues: $150 + $50Type: Single Family Residence Style: Spanish Stories: Two LevelsLot size: 0.26 acresFrom listing: PANORAMIC Golf course and Hills Views from this home in the hills of Talega! Plan 1 in Gated development of 'Careyes'. Center courtyard, Guest Casita, and fabulous entertainers backyard with built in BBQ, oversized fir
Pending sales, March 4 2008-03-04 07:33:00 All these South OC properties are recent additions to the pending sales list in the MLS. Not all may make it to closing, and we won't know what the final sales prices is for a while (we also never will know the full extent of incentives like seller-paid closing costs). Still, these are indicators of the type of activity going on in the local market.Expect some of these to be short sales and REOs. In the case of an REO, the "purchase price" is sometimes actually the amount the property went back to the bank for. Some of the most recent sales or transactions might not even be showing up properly in Zillow at all.Potential profit/loss assumes a completed sale at the full asking price, minus 6% sales costs, subtracted from the previous purchase price showing in Zillow.19031 Willow Brook Lane, Read more:March
Closer to '90 price than '04 price in RSM 2008-03-03 09:18:00 As the headline suggests, the low asking price
of this Rancho Santa Margarita condo is closer to the sales price in 1990 than the amount paid by the current owner in 2006. Makes one wonder just how far the price will in fact fall - is it even remotely possible that things could get so bad that we could approach a 1990 rollback?104 FLOR DE SOL #60, 92688 Asking price: $175,000-$210,000 Asking price/ sq ft: $276-$332Income requirement: $52,500Purchase price: $325,000Purchase date: 6/23/06Size: 2 beds, 1 bath, 633 sq ft (built in 1986) MLS: P621724 (23 days on Redfin) 2006 property tax: $3,855HOA dues: $264Type: Condominium Style: Traditional Stories: One LevelFrom listing: BEUTIFUL CONDO, CLOSE TO CHURCH AND SHOPPING CENTER. ASSOCIATION POOL. 'SHORT SALES SUBJECT TO LENDER
South OC home stats 2008-03-02 11:56:00 Here are the latest DataQuick figures the OC Register ran in today's paper. The data are from the 22 business days ending Feb. 13:Some notes of interest:Back in October, there were 4 South
OC ZIP codes that had a median price of $1 million or more. Now, Laguna Beach is the only one that can claim the distinction.No South OC ZIP code saw a year-over-year increase in both median price and sales volume. There were 44.41% fewer South OC sales during this time compared to the same period in 2007, and 54.11% fewer sales compared to the same period in 2006. If we go back even further to 2005 the latest data represents a 56.16% decrease in the number of completed sales."Top" 3 South OC ZIPS suffering the worst in terms of median price and sales volume compared to the same period in 2007 are Lader
More Forster Ranch luxury pain 2008-03-01 12:03:00 Here we have another luxury rollback - again we see an extremely appealing property, with all the elements of a dream home, that's been caught up in the real estate downturn.2413 Camino Oleada, 92673 Asking price: $1,275,000 Asking price/ sq ft: $398Income requirement: $318,750Purchase price: $1,400,000Purchase date: 12/16/05Size: 5 beds, 3 baths, 3,200 sq ft (built in 2003) MLS: S509808 (134 days on Redfin) ZipRealty price tracker: Price Reduced: 12/28/07 -- $1,480,000 to $1,390,000 Price Reduced: 1/18/08 -- $1,390,000 to $1,350,000 Price Reduced: 2/09/08 -- $1,350,000 to $1,275,0002006 property tax: $15,411HOA dues: $248Type: Single Family Residence Style: Traditional Stories: Two LevelsLot size: 8,575 sq ftFrom listing: Distin Read more:Ranch
Stunning 42% off in Laguna Niguel 2008-02-28 22:29:00 We can say with extreme confidence that this Laguna
Niguel property will instantly generate a ton of buyer interest. Whether it can actually sell at the current price, assuming a lender has their say, is to be determined.This home is beyond priced to sell: $454,000 below what Zillow says the current owners paid in late 2006.29432 Kensington Drive, 92677 Asking price: $635,000 Asking price/ sq ft: $284Income requirement: $158,750Purchase price: $1,089,000Purchase date: 12/28/06Size: 4 beds, 3 baths, 2,238 sq ft (built in 1972) MLS: S523258 (2 days on Redfin) 2006 property tax: $10,103HOA dues: $68Type: Single Family Residence Style: Craftsman Stories: Split LevelLot size: 6,440 sq ftFrom listing: Great 4 bdrm home in fantastic, beach close Laguna Niguel neighbor Read more:Stunning
"Huh?" photo of the week 2008-02-28 11:13:00 First person to figure out what the deal is with this photo attached to a Lake Forest (Foothill Ranch) condo gets a big gold star and pat on the back. Did they have to make it the No. 1 photo that shows up in the MLS?OK, so it's a work in progress, we get it. Here is the listing description for this 1-bed, 1-bath, 800 sq ft place: New tile floor, berber carpet, new paint, private end unit, city lights view!! Beautiful unit!! Amazing BUY!!! Couldn't they have waited until after these upgrades went in to take the photos?This property has been on the market for more than three months at an asking price of $269,000. I'm sure you're as shocked as we are that it hasn't sold yet.
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