South OC recent home sales

Want to see what's really going on in the South OC market these days? Here are a few properties that have recently made it all the way through to closing...

25141 La Suen Rd, Laguna Hills, 92653
Sales price: $465,000
Sales price/sq ft: $351
Last asking price: $449,900
Previous purchase price: $602,000
Previous purchase date: 4/13/05
Size: 3 beds, 2 baths, 1,325 sq ft
Our comment: This property sold for 23% below its 2005 sales price.

8 Pinzon, RSM, 92688
Sales price: $402,000
Sales price/sq ft: $230
Last asking price: $432,500
Previous purchase price: $447,500
Previous purchase date: 8/6/03
Size: 3 beds, 3 baths, 1,749 sq ft
Our comment: Here's a property spared from foreclosure...and a 2003 rollback. The previous owner refinanced twice before receiving a notice of default in late 2008 and a notice of trustee sale for about $550,000 in April.

29542 Via Valverde, Laguna Niguel, 92677
Sales price: $529,000
Sales price/sq ft: $330
Last asking price: $549,000
Previous purchase price: $332,500
Previous purchase date: 7/1/99
Size: 3 beds, 2 baths, 1,604 sq ft
Our comment: Wells Fargo took a bath on this property. This was a preforeclosure with loans totaling $695,000 made in 2005.