Would you like to be stuck holding a 1-bedroom fixer in Trabuco Canyon? It could be worse ... you could be the bank stuck with the loan on this place.
20751 Trabuco Oaks Drive, 92678
Asking price: $210,000
| Beds: | 1 |
| Baths: | 1 |
| Sq. Ft.: | 572 |
| $/Sq. Ft.: | $367 |
| Lot Size: | 7,699 Sq. Ft. |
| Property Type: | Residential, Single Family |
| Style: | One Level, Bungalow |
| View: | Canyon, Trees/ |
| Year Built: | 1929 |
| Community: | Trabuco Canyon |
| County: | Orange |
| MLS#: | S596082 |
| Source: | SoCalMLS |
| Status: | Active |
| On Redfin: | 58 days |
We don't know what this property previously sold for, but we do know that the outstanding loans wouldn't cover the $210,000 asking price, hence this property is a short sale.
This property came onto the market listed for $350,000 in November, then went down to $295,000 ... then $250,000 ... now to the current asking price. In all, the price has been reduced $140,000 or a whopping 40% off the original asking price just about two months ago.
Does that mean if the property continues not to sell that in March it will be down to $70,000?
3 comments:
It should be in the $70,000 range right now. The interior is not shown so it must be pretty bad; the place looks like it's one Santa Ana wind away from blowing apart.
Yes, this place has to come down quite a bit before it would be attractive to me. It looks no more structurally sound than our cabin in HOly JIm.
I know this house and it is a tear down. The hill it's on is unbuildable. It
may not even be worth 70$k.
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