Here are a few South OC properties new to the MLS this week. Enjoy and happy Friday!
31035 Calle San Diego Unit 116c, SJC, 92675
Asking price: $109,500
Purchase price: $205,000
Purchase date: 6/24/03
Listing snippet: "Newer ceramic tile on bottom floor and newer carpet in stairs and top floor. Airy and bright. Close to Association pool and playground."
Our comment: Let's start things off with a 2001 rollback. It's also nearly a 1995 rollback - the sales price that year was $100,890.
4405 Mar Escarpa, San Clemente, 92673
Asking price: $975,000
Purchase price: $1,385,000
Purchase date: 8/8/05
Listing snippet: "This Forster Highland home features 5 bedrooms and 4.5 baths,spacious kitchen with upgraded cabinets and granite countertops, built in entertainment center,travertine floors, pool and spa."
Our comment: This short sale is being offered for sale at 30% off the 2005 price.
33821 Olinda, Dana Point, 92629
Asking price: $332,500
Purchase price: $409,200 (REO)
Purchase date: 2/3/09
Listing snippet: "Great opportunity to purchase this bank owned beach cottage with picket fence in the Lantern District. "
Our comment: The previous owner extracted a healthy amount of equity before losing it to the bank. Redfin says the property sold for $275,000 in 2001.
2 Fayette Cir, 92694
Asking price: $974,900
Purchase price: $1,399,500
Purchase date: 10/24/05
Listing snippet: 'Thoughtful and abundant architectural elements grace this captivating two story resdence with almost 4000 square feet of living area. Highlights include a professional grade island kitchen with top of the line stainless steel appliances, striking hardwood floors, four fireplaces, plantation shutters, custom built-ins, instant hot water heaters and a great number of other stunning upgrades."
Our comment: Here's an attractive-looking home - if you like Craftsman style - in Ladera. This is a short sale offered at $451,600 or 32% off the 2005 price.
Friday, February 27, 2009
Friday listings dump
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4 comments:
33821 Olinda is a sweet little starter house!
Even more interesting than the 2001 price of $275,000 is the sales price just three years earlier of $137,500. Uh, wow.
Yes, I really like the Olinda house. I could handle living in 1000 SF but the lot size would be the killer for me.
The trouble with Olinda would be all your neighbors. That's a serious party/rental block. Lots of noise. Zero parking.
Cute house, though.
I offered $375,000 about 3 months ago. Never heard back from the bank. It has a great cottage feel and the back yard was amazing. But, RahRahGrl is right on about the neighbors. It seems that every lot has been developed into a 4-plex and whoever was the code enforcer could care less about density and parking issues. The only expanison you could do on the lot is up and there is no garage. When I submitted the offer the agent said the bank was only considering numbers with a 4 in front. They sure did get close to that 4 on the low end. I'm happy the previous owner was able to get out relatively unscathed. She seemed like a nice lady who was way in over her head.
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