The Redfin OC blog recently pointed out that Aliso Viejo can be an attractive place for buyers these days because of some reasonably priced properties (reasonable for OC standards, that is).
That's not very good news for some of the sellers, particularly this one:
29 Tradewinds, Aliso Viejo, Calif., 92656
Size: 3 beds, 2 baths, 1,400 sq ft (built in 1995)
MLS: S484082 (121 days on Redfin)
Current asking price: $479,000Asking price/sq ft: $342
Purchase price: $525,000
Purchase date: 7/30/2004
Other sales history: 05/31/2001: $238,000
09/20/1996: $131,000
04/26/1993: $161,000
ZipRealty price tracker: Price Reduced: 05/16/07 -- $549,000 to $519,900
Price Reduced: 07/17/07 -- $519,900 to $515,000
Price Reduced: 07/21/07 -- $515,000 to $509,000
Price Reduced: 08/14/07 -- $509,000 to $479,000
Lot size: 2,277 sq ft
Lot size: 2,277 sq ft
Type: Condominium
View: Hills
From listing: Incredible value! Great location! Upgraded kitchen with granite, maple cabinets, recessed lights & walk-in pantry. 3 full bedrooms, 2.5 bathrooms. Master bedroom with double closets, fireplace & private balcony. Master bath with dual sinks. Bright living room with marble finished fireplace, crown molding & string lights. Hardwood floors & brand new carpet. Plantation shutters. Close to shopping centers, restaurants,theaters & more. Hao offers pool, spa, tennis + more.
From listing: Incredible value! Great location! Upgraded kitchen with granite, maple cabinets, recessed lights & walk-in pantry. 3 full bedrooms, 2.5 bathrooms. Master bedroom with double closets, fireplace & private balcony. Master bath with dual sinks. Bright living room with marble finished fireplace, crown molding & string lights. Hardwood floors & brand new carpet. Plantation shutters. Close to shopping centers, restaurants,theaters & more. Hao offers pool, spa, tennis + more.
If this property sold at the current asking price and we factor in 6 percent selling costs, the loss would be $74,740 after a little more than 3 years of ownership. Give it up for the sellers for making consistent price cuts recently to try and get this off the market. We'll see if this latest one finally does the trick. 
1 comments:
Readers: AV is a dump & has alot of problems - take it from some one who lived there for years! 1.) High, high density housing (tremendous overcrowding); 2.) Alarming increase in crime w/out comparable increase in police services (city is BROKE and has ZERO $$); 3.) Inadequate planning regarding infrastructure - lack of vision amongst city 'leaders' 4.) NO reserves in city coffers; 5.) A moronic, myopic city council, short on vision, but loaded with cronyism, corruption, entitlement & self-perpetuation; 6.) Stagnant housing sales -- new units (Vantis Project & golf course homes) sitting VACANT; 7.) Entirely a master planned community, which means everything is an HOA - some communities even belong to 3 HOAs! (And, BTW, Merit Property Mgmt tends to have a high presence in this town -- Merit most certainly DOES NOT live up to its name). Alot of these HOAs are financially upside down - if people aren't paying mortages, they're sure as heck not paying HOA fees - hence, landscaping is being neglected everywhere; 8.) Tremendous blight and decay setting in these HOA neighborhoods, and throughout common areas in town; 9.) Decay and decline in sports parks - NO bathrooms for activities!! 10.) General 'trailer trash' feel - go to any city council meeting and watch the show and incompetence! You'll wonder where these people came from; 11.) Vacant homes = blight = crime = blight = decay. There is a quiet, but steady 'exodus' amongst those in the know regarding conditions in the community & amongst those who can afford to leave. This community is on its way to becoming known as South County's Slum, if not already being known for it - beware
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