Welcome to the new Irvine Housing Blog. We have changed from WordPress to Expression Engine as our blogging software. It is a more powerful platform, and it should allow us to introduce some new and exciting features. There will be some growing pains (as I am experiencing right now in getting to know the new blog entry interface) but in no time, we will all be enjoying the new and improved Irvine Housing Blog.
Its been such a long time
I think I should be goin, yeah
And time doesnt wait for me, it keeps on rollin
Sail on, on a distant highway
Ive got to keep on chasin a dream
Ive gotta be on my way
Wish there was something I could say.
Well Im takin my time, Im just movin on
Youll forget about me after Ive been gone
And I take what I find, I dont want no more
Its just outside of your front door.
Foreplay/Long Time — Boston
Income Requirement: $168,725
Downpayment Needed: $134,980
Monthly Equity Burn: $5,624
Purchase Price: $564,678
Purchase Date: 1/25/2008
Address: 4992 Paseo De Vega, Irvine, CA 92603
|Type:||Single Family Residence|
|On Redfin:||8 days|
HIGHLY SOUGHT AFTER AREA OF TURTLE ROCK. THE HOME IS A SINGLE FAMILY
ATTACHED PROPERTY THAT FEATURES THREE BEDROOMS AND TWO FULL BATHROOMS.
AN ENTERTAINERS DELIGHT WITH MANY UPGRADED FEATURES. YOU ARE CLOSE TO
ALL THE GREAT THINGS THAT LIVING IN IRVINE HAS TO OFFER; THE BEST
SCHOOLS, PARKS, RECREATION THE UNIVERSITY AND MORE. COME HOME TO TURTLE
ROCK, AND START LIVING THE IRVINE LIFESTYLE TODAY.
I like Turtle Rock too, but I don’t think it is fair to say it is “by far, this is one of the very best locations in Irvine.”
An REO in Turtle Rock? How can this be?
|Aug 20, 1999||$262,000||
|Aug 06, 2001||$395,000||
|Mar 11, 2002||$385,000||
|May 04, 2004||$669,000||
|Dec 22, 2005||$695,000||
|Jan 25, 2008||$564,678||
As you can see, this property has changed hands many times. Perhaps there is a St. Joseph statue buried on the property? The lender must think they can still get peak prices in Turtle Rock. It will be interesting to see if they can. From the property records, it is not clear why the buyer let this property go into foreclosure. It appears as if he put 20% down. Maybe the lender won’t lose on this property. That would be a first.