Just think…..when the Solvay Aisle property sold the first time a RE agent got 30K(6%) and when it sold the second time the RE agent got 30K(6%). So, who is the winner here?
I believe the seller is very lucky to get just north of $400 per sq. foot….....will most likely be $325 by next year.
Posted by Kman on 11/20/06 at 06:20 AM
Person who bought this condo is screwed major. Stream Wood in Irvine is a very old condo complex with car ports and moldy streams…..It looks ragged from the outside. This condos are almost 30 years old…I don’t care how much renovation you do…it still is going to look like a dump. ——-
Posted by NanoWest on 11/20/06 at 08:22 AM
You could probably rent this place out for $1200 per month. At a 6 % interest rate a $200,000 mortgage would be about $1200 per month…......then there is the property taxes, maintenance, HOA. I’m thinking that this place might be worth about $150,000.
To move this condo in this market, they will need an extremely remodeled unit at an attractive price. If the unit is just average, then the price will need to come down a lot more.
Posted by nostradamus on 11/20/06 at 11:14 AM
hideous, just hideous. straight out of the inland empire/santa ana. 359K? forget about it.
Take a look at my market history & forecast report for Bakersfield, Modesto and Los Angeles at http://homepricehistory.blogspot.com/. More SoCal reports will published in a few days, along with a new city every day.
Posted by NanoWest on 11/20/06 at 04:22 PM
Just think…..when the Solvay Aisle property sold the first time a RE agent got 30K(6%) and when it sold the second time the RE agent got 30K(6%). So, who is the winner here?
I believe the seller is very lucky to get just north of $400 per sq. foot….....will most likely be $325 by next year.
Posted by Kman on 11/20/06 at 06:20 AM
Person who bought this condo is screwed major. Stream Wood in Irvine is a very old condo complex with car ports and moldy streams…..It looks ragged from the outside. This condos are almost 30 years old…I don’t care how much renovation you do…it still is going to look like a dump.
——-
Posted by NanoWest on 11/20/06 at 08:22 AM
You could probably rent this place out for $1200 per month. At a 6 % interest rate a $200,000 mortgage would be about $1200 per month…......then there is the property taxes, maintenance, HOA. I’m thinking that this place might be worth about $150,000.
I agree it does look like a dump !!!!!!
Posted by zovall on 11/20/06 at 09:09 AM
To move this condo in this market, they will need an extremely remodeled unit at an attractive price. If the unit is just average, then the price will need to come down a lot more.
Posted by nostradamus on 11/20/06 at 11:14 AM
hideous, just hideous. straight out of the inland empire/santa ana. 359K? forget about it.
Posted by Analysis Guy on 11/20/06 at 12:01 PM
Take a look at my market history & forecast report for Bakersfield, Modesto and Los Angeles at
http://homepricehistory.blogspot.com/. More SoCal reports will published in a few days, along with a new city every day.
Posted by squareround on 11/20/06 at 03:25 PM
CONDO , 1704 Solvay Aisle 110 , 2/2 , 1,222 sf, $499,900 , 153 dom
Just sold. The seller made a decent 2k after holding 2 and half years. He paid 497K in May 2004.
Posted by Analysis Guy on 11/21/06 at 10:56 AM
Today’s report on San Diego has been released!
Local Home Price Analysis
Posted by oc_fliptrack on 11/22/06 at 12:17 AM
On Vista final… Is my posting fixed? Test Test?
Posted by oc_fliptrack on 11/22/06 at 12:28 AM
Hey, this went on right under my nose! Oh well, I blogged it.
$408/sq ft counts as movement! What a nice present for the holidays.
Posted by Hope To Buy In Irvine 2007+ on 11/22/06 at 08:01 PM
GUYS - what are you thinking is a good price per square foot to buy at?? How about $250 per square foot??