Got a bad case of the Mondays like we do? Be grateful you're not in the same situation as this San Juan property that's asking more than 50% off the peak price.
29626 Oakwood Ct, 92675
Asking price: $199,900
Previous sales price: $460,000
Previous sales date: 8/7/06
| Beds: | 3 |
| Baths: | 2 |
| Sq. Ft.: | 1,071 |
| $/Sq. Ft.: | $187 |
| Lot Size: | 2,500 Sq. Ft. |
| Property Type: | Condominium |
| Style: | Contemporary |
| Stories: | 1 |
| Floor: | 1 |
| Year Built: | 1972 |
| Community: | San Juan North |
| County: | Orange |
| MLS#: | P692782 |
| Source: | SoCalMLS |
| Status: | Active |
| On Redfin: | 61 days |
So, this property could use a bit of redecorating. It also could use a photographer who made sure the towel was off the towel rack before snapping the photo. Details, details...Redfin says this property last sold for $460,000 in 2006 for the stupidly high price of $430/sq ft. Now, the asking price is at $187/sq ft.
Assuming the property can actually be sold for the current asking price, it would mean a 57% drop from the peak, not including any sales costs. Redfin also says the property sold for $400,000 in 2004, so that means it's just about an even 50% off from that.
1 comments:
The real estate industry should be recovering now. What's taking us so long to reach the bottom and start going up again? Thanks for sharing a great article here. By the way, I know a great Kentucky home that might interest you too. Thanks.
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