And I’m not sure what Corporate Owned means, but I’m guessing lender repo. Looks like the other neighbor across the street at 1020 Trailview is also down $150,000 from peak.
Or around the corner. 1099 Mountain Grove Lender Owned in the MLS. Another $200,000 loss from peak.
Current price $499,900.
Sales History
04/13/2007 $583,891
06/09/2006 $680,000
08/03/2001 $263,000
Not bad for one street and neighborhood in Corona, 4 bank Repos, four $200,000 losses from peak.
Call me when those 2001 price start showing up, with that many Repos, the neighborhood is toast.
It’s good to see, but I can also point to a bank being stupid and doing just the opposite. Earlier today I cruised through the bank REO list. They appear to be putting Repos back on the market at the price they paid plus 15-25% in Orange County. A spot check of Huntington Beach, Coto de Caza, Irvine, showed several this way.
