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Rancho Santa Margarita & RSM-Trabuco Canyon Home Sales for the Week of January 20 - January 26, 2008

January 27th, 2008 · 1 Comment
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SoCal MLS reports a whopping 8 home sales for the week of January 20, 2008 - January 26, 2008 in Rancho Santa Margarita and portions of Trabuco Canyon. Here is the breakdown:

Standard Sales:

  • 33 Calle San Luis Rey

Original Purchase information currently unavailable Price Tag 2008? $585,000

  • 7 Via Perico

The seller purchased this home in March of 2002 for $455,000. Price Tag 2008? $730,000.

  • 57 Via Pausa

The seller purchased this property in January 2004 for $335,000. He must have negotiated a good deal at the time as this property just sold at an increase. Price Tag 2008? $405,000

Short Sales:

  • 91 Calle De Felicidad

The seller purchased this property in January, 2006 for $400,000 (at 90% loan-to-value) from a seller who paid $492,000 for it in 2004. Price Tag 2008? $400,000.

  • 22 Sundown Dr

The seller purchased this property in February, 2004 for $804,500 and per the listing spent over $70,000 in improvements. Price Tag 2008? $725,000.

Bank Owned / REO:

  • 35 Brisa Ribera

This property was purchased in July of 2000 for $160,000, after being purchased in June of 1998 for $113,500. The 2008 Price Tag for this Countrywide Reo? $265,000.

  • 14 Via Padres

This property was a Countrywide REO purchase in January of 2007 for $305,000, after being purchased in September, 2004 for $352,000. Price Tag 2008? $304,900. Looks like Countrywide gets to eat it twice in a row on this property.

  • 15 Blue Oak 9

This property was purchase in November of 2005 for $410,000 and the buyer purchased the home using 100% financing. The September, 2002 transfer value was $222,000. Price tag 2008? $309,000.

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Tags: January home sales · bank owned · reo · Housing Market · short sales · Trabuco Canyon · rancho santa margarita real estate · rancho santa margarita


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