There are a few things about this Ladera Ranch that leave us scratching our head. But, if Redfin says a buyer has been found and the property is in the accepting backup offers stage, we'll buy it. Figuratively, not literally.
15 Lanesboro Rd, 92694
Asking price: $675,000
Previous sales price: $560,000
Previous sales date: 5/28/03
| Beds: | 4 |
| Baths: | 3 |
| Sq. Ft.: | 2,768 |
| $/Sq. Ft.: | $244 |
| Lot Size: | 5,859 Sq. Ft. |
| Property Type: | Residential, Single Family |
| Style: | Two Level, Spanish |
| View: | Has View |
| Year Built: | 2003 |
| Community: | Ladera Ranch |
| County: | Orange |
| MLS#: | S588256 |
| Source: | CARETS |
| Status: | Backup Offers Accepted |
| On Redfin: | 53 days |
We'll try to ignore the title case in the listing description if you will. At the top of this blog entry, we mentioned that a couple things with this listing confused us. In no particular order, they are:- Who in the name of Martha Stewart leaves a trailer parked in the driveway for your MLS photo?
- Then, why would you make said photo with trailer the first image people see of the property?
- It's generally understood that South OC real estate in general - particularly a bubble-happy pocket like Ladera Ranch - is barely clinging to 2003 pricing (at best). Why would you list your short sale property for $115,000 above the previous sales price?
- As a buyer, would you jump in to buy a short sale at all?
- Would you then agree to buy said short sale for well above the 2003 price?
5 comments:
Did you look at the agent's info? She has posted a picture of Angelina Jolie as her own! Priceless!
Those questions are easy:
1. Agent listing for someone who lost their job and can't pay for parking, but doesn't want to lose their next potential home.
2. It's a short-sale, so who cares what the pics look like, seriously?
3. The bubble mentality has gripped all of SoCal, even Ladera.
4. There are all kinds of crazy right now. The best kind are buyers in OC right now.
5. I wouldn't, but I know all kinds of tools that would.
We are back in the housing bubble. I didn't think it was possible, but we have reentered the housing bubble from the ass end.
Chuck Ponzi
It's the government stimulus that's distorting the market. The Gov't will do anything to prop up housing prices and get people in houses.
...and apparently she works with Fabio
When interest rates get back to a long term average like 8%, see how many of these deals happen.
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