Tuesday, October 23, 2007

Not going anywhere

This Laguna Niguel luxury property is priced $65,000 below what the current owner paid in 2006, but it still looks like the price might have to come down a bit more before it attracts a buyer. It's been four months now, and still no sale...

12 Anacapri, Laguna Niguel, 92677
Asking price: $1,250,000
Asking price/ sq ft: $408
Income requirement: $312,500
Purchase price: $1,315,000
Purchase date: 4/10/2006
Size: 5 beds, 3.5 baths, 3,060 sq ft (built in 1991)
MLS: S488340 (159 days on Redfin)
ZipRealty price tracker: Price Reduced: 9/14/07 -- $1,410,000 to $1,250,000
2006 property tax: $8,240
HOA dues: $105
Type: Single Family Residence
Style: Contemporary/Modern
Stories: Two Levels
Lot size: 5,000 sq ft
From listing: MODEL PERFECT, MOVE IN READY HOME!! Beautiful 5 BR(4+bonus) home in the resort comm. of Marina Hills. Located on an award winning cul-de-sac, this highly upgraded home features custom paint, Travertine floors & baseboards downstairs, shutters, wrought iron staircase, new carpet, gourmet kitchen, stainless appliances, granite counters, buit-in refrigerator, custom stone bathrooms & sinks. Large master w/ private deck, fireplace, & retreat. Yard w/ Patio & built-in BBQ. Assoc. pool/spa/tennis, beach close.

So, is this place really four bedrooms plus a bonus room (assuming there isn't a closet)? And what made this "award winning (should be award-winning)" cul-de-sac better than the rest?

I'll give out 10 bonus points to whomever can name the movie showing on the TV screen in the picture. It would probably help if I knew what it was first. Good news: The TV is included in the sale!

The original wishing price of $1,410,000 was lowered in mid-September, but there haven't been any further price reductions. Even if it had somehow sold at that wishing price, the net gain would have been only $10,000, assuming 6% sales costs.

The loss, including 6% in sales costs, is $140,000 and counting.

3 comments:

Anonymous said...

good looking house but not worth that much!

Anonymous said...

I think the movie is "Paper Moon" staring Ryan and Tatum O'Neal.

Unknown said...

Nope it's the recent King Kong staring Naomi Watts.