OC real estate flop of the week

This week's failed real estate flip is located in Aliso Viejo, Calif. Think some of the properties are majorly packed in in your hometown? You should see some of the beauties out here...
Address: 116 Verdin Lane, 92656
Bedrooms: 2
Baths: 2
Sq. feet: 940
Year built: 1994
MLS No.: P548056
Days on the market: 103
Sale history: 07/13/2004: $490,000 ($521 per sq ft)
02/15/2002: $217,000
06/10/1997: $118,500
Current price: $439,000
Potential loss*: $77,340


At least this model includes dual sinks.

Other 2 bedrooms for sale nearby:

• 94 Verdin ~ $429,900
• 8 Verdin ~ $455,000
  

* - potential loss= sale with full asking price, minus 6 percent in selling costs