Pending sales, March 17

Here we go with another of what is turning into a semi-weekly feature. Enjoy...

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 most recent "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.

16 Seacliff, Coto, 92679
Last asking price: $905,000
Size: 5 beds, 5 baths, 3,550 sq ft
Listing date: 11/19/07
Purchase price: $1,030,000
Potential profit/loss: $-179,300


35705 Beach Road, Dana Point, 92624
Last asking price: $5,659,000
Size: 3 beds, 3 baths, 4,200 sq ft
Listing date: 1/4/08
Purchase price: $4,250,000
Potential profit/loss: $1,069,460


31446 Calle La Purisima #43, San Juan, 92675
Last asking price: $198,900
Size: 2 beds, 2 baths, 1,057 sq ft
Listing date: 3/8/08
Purchase price*: $260,000
Potential profit/loss: $-73,034
* - peak price was $470,000

702 Camino De Los Mares , S. Clemente, 92673
Last asking price: $515,000
Size: 3 beds, 2 baths, 1,644 sq ft
Listing date: 2/12/08
Purchase price: $750,000
Potential profit/loss: $-265,900


24702 Jessica Pl , Laguna Niguel, 92677
Last asking price: $1,699,876
Size: 4 beds, 5 baths, 3,316 sq ft
Listing date: 11/3/07
Purchase price: $1,606,500
Potential profit/loss: $-86,16.56


6 Vellisimo, Aliso Viejo, 92656
Last asking price: $425,000
Size: 3 beds, 3 baths, 1,350 sq ft
Listing date: 1/31/08
Purchase price: $311,500
Potential profit/loss: $88,000