Friday closed sales report

Here's a sampling of the many South OC properties to close in the past couple weeks. Would you buy any of these properties for these prices? Somebody did...

11 Clematis St, Ladera Ranch 92694
Sales price: $555,000
Sales date: 9-09-2009
Previous sales price: $743,000
Previous sales date: 11-09-2004
Listing description snippet: 3 bedroom, 2.5 bathroom home includes travertine flooring and custom window coverings throughout, master bedroom includes built-in cabinetry and shelving to function as an office, spacious laundry room, custom kitchen with cherrywood cabinets, granite countertops and stainless steel appliances. Backyard offers firepit for outdoor entertaining.
Note: Previously bank owned...back to the bank for $497,550 in May.

21721 Esmalte, Mission Viejo 92692
Sales price: $470,000
Sales date: 9-04-2009
Previous sales price: $585,000
Previous sales date: 12-17-2007
Listing description snippet: This is a great opportunity to own a terrific home in one of america's safest cities. This single level 3 bedroom home is in 'move in' condition, recently upgraded with newer carpet, paint and ceramic tile. New kitchen appliances. Newer furnace, air conditioner, and roof.

747 Coast View Drive, Laguna Beach 92651
Sales price: $2,390,000
Sales date: 9-01-2009
Previous sales price: $1,987,500
Previous sales date: 5-10-2007
Listing description snippet: $500,000 price reduction blowout, owners must sell now!! No better deal in town!! Possible seller carry, trade, aitd or other creative options!! Absolutely one of the most spectacular ocean views in orange county!! Unobstructed, panoramic views of catalina, sunsets, white water, main beach, and city lights!

4819 Camino Costado, San Clemente 92673
Sales price: 9-04-2009
Sales date: $803,000
Previous sales price: $1,180,000
Previous sales date: 9-02-2005
Listing description snippet: Large, custom home in the 'forster highland' community. Interior features include beautiful travertine flooring, huge upstairs bonus room addition, customized bathrooms, designer paint/carpet, surround sound, custom window coverings, secondary bedrooms with bamboo floors & custom murals. Kitchen has granite counters and upgraded stainless appliances and great room has fireplace with built in media center. Main floor bedroom suite, individual upstairs laundry room and luxurious master suite.