34% price drop in Murrieta

[FormerOwner]

xx833 Sweet Magnolia Way, Murrieta CA 92563
Bank Repo, Listed for $399,500
$210,500 loss before selling expenses

Sale history per Zillow.com
02/10/2006: $610,000
11/10/2005: $500,000
07/14/2003: $335,000

http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=I07117965&page=1&property_type=SFR&mls=mls_so_cal&cKey=w379vtkg&source=MRMLS

[temeculaguy]

For those of you without a zip password, myself included here it is on redfin

http://www.redfin.com/stingray/do/printable-listing?listing-id=1037052

Nice find Former, now hit those books and find us a 50%

[temeculaguy]

For those of you without a zip password, myself included here it is on redfin

http://www.redfin.com/stingray/do/printable-listing?listing-id=1037052

Nice find Former, now hit those books and find us a 50%

[temeculaguy]

For those of you without a zip password, myself included here it is on redfin

http://www.redfin.com/stingray/do/printable-listing?listing-id=1037052

Nice find Former, now hit those books and find us a 50%

[kw3393]

3000sqft+ for just a 4BR house? How far away do these people wanna be from their family members? Isn’t it suppose to be “home” where you spend quality time with your family?!?!???
Even worse, I’m sure most of these homes are two-income families and both mom & dad work all day with kids in daycare after spending 1hr+ in traffic everyday. And now they’re in foreclosure. You figure out the rest…

A family doesn’t need 4 bathrooms for a 4BR house! Just an indication of how much people’s basic values have come down.

A big house won’t buy “happiness” necessarily.

[kw3393]

3000sqft+ for just a 4BR house? How far away do these people wanna be from their family members? Isn’t it suppose to be “home” where you spend quality time with your family?!?!???
Even worse, I’m sure most of these homes are two-income families and both mom & dad work all day with kids in daycare after spending 1hr+ in traffic everyday. And now they’re in foreclosure. You figure out the rest…

A family doesn’t need 4 bathrooms for a 4BR house! Just an indication of how much people’s basic values have come down.

A big house won’t buy “happiness” necessarily.

[kw3393]

3000sqft+ for just a 4BR house? How far away do these people wanna be from their family members? Isn’t it suppose to be “home” where you spend quality time with your family?!?!???
Even worse, I’m sure most of these homes are two-income families and both mom & dad work all day with kids in daycare after spending 1hr+ in traffic everyday. And now they’re in foreclosure. You figure out the rest…

A family doesn’t need 4 bathrooms for a 4BR house! Just an indication of how much people’s basic values have come down.

A big house won’t buy “happiness” necessarily.

[temeculaguy]

kw, that was a trend in new homes up this way in the last few years. There are no pictures but many of the homes recently built in the 2500 to 4000 sq ft range don’t exceed 4 or 5 bedrooms. High bedroom counts can be problematic for neighborhoods (inviting to group homes, multiple families, etc.) Many have an upstairs livingroom at the top of the stairs, the secondary bedrooms are large and there are usually formal and informal living and dining rooms. As far as being close to family members, those usually have a great room where the kitchen, informal dining and informal living room are all one open room. Having lived in one, loved it, having vaccumed one, hated it. I will say the loft/upstairs living room is cool if you have kids and toys that you’d rather not have overtake all of the living spaces or have to clean up everything all the time.

[temeculaguy]

kw, that was a trend in new homes up this way in the last few years. There are no pictures but many of the homes recently built in the 2500 to 4000 sq ft range don’t exceed 4 or 5 bedrooms. High bedroom counts can be problematic for neighborhoods (inviting to group homes, multiple families, etc.) Many have an upstairs livingroom at the top of the stairs, the secondary bedrooms are large and there are usually formal and informal living and dining rooms. As far as being close to family members, those usually have a great room where the kitchen, informal dining and informal living room are all one open room. Having lived in one, loved it, having vaccumed one, hated it. I will say the loft/upstairs living room is cool if you have kids and toys that you’d rather not have overtake all of the living spaces or have to clean up everything all the time.

[temeculaguy]

kw, that was a trend in new homes up this way in the last few years. There are no pictures but many of the homes recently built in the 2500 to 4000 sq ft range don’t exceed 4 or 5 bedrooms. High bedroom counts can be problematic for neighborhoods (inviting to group homes, multiple families, etc.) Many have an upstairs livingroom at the top of the stairs, the secondary bedrooms are large and there are usually formal and informal living and dining rooms. As far as being close to family members, those usually have a great room where the kitchen, informal dining and informal living room are all one open room. Having lived in one, loved it, having vaccumed one, hated it. I will say the loft/upstairs living room is cool if you have kids and toys that you’d rather not have overtake all of the living spaces or have to clean up everything all the time.

[cantab]

Here’s one in Murrieta that is only $111 per square foot, $395K for 3547 sqft:
http://www.redfin.com/stingray/do/printable-listing?listing-id=830148

There is something fishy about it: it’s been listed for 58 days but it sold for $618K on July 11, much less than 58 days ago.

Here’s one that is offered for less than it sold for in May 2003:

http://www.redfin.com/stingray/do/printable-listing?listing-id=845420

And it seems to be in good condition. The asking price of 350K is less than the purchase price of 360K in May 2003. It seems that four full years of bubble have now been reversed.

[cantab]

Here’s one in Murrieta that is only $111 per square foot, $395K for 3547 sqft:
http://www.redfin.com/stingray/do/printable-listing?listing-id=830148

There is something fishy about it: it’s been listed for 58 days but it sold for $618K on July 11, much less than 58 days ago.

Here’s one that is offered for less than it sold for in May 2003:

http://www.redfin.com/stingray/do/printable-listing?listing-id=845420

And it seems to be in good condition. The asking price of 350K is less than the purchase price of 360K in May 2003. It seems that four full years of bubble have now been reversed.

[cantab]

Here’s one in Murrieta that is only $111 per square foot, $395K for 3547 sqft:
http://www.redfin.com/stingray/do/printable-listing?listing-id=830148

There is something fishy about it: it’s been listed for 58 days but it sold for $618K on July 11, much less than 58 days ago.

Here’s one that is offered for less than it sold for in May 2003:

http://www.redfin.com/stingray/do/printable-listing?listing-id=845420

And it seems to be in good condition. The asking price of 350K is less than the purchase price of 360K in May 2003. It seems that four full years of bubble have now been reversed.

[temeculaguy]

cantab, good finds. Some of the fishy ones that sold multiple times can be part of the cashback scam that blew up earlier this year but I am a little shocked that both those are still on the market, those are screaming deals. Whenever you find 03 prices it is worthy of a post so keep it up. If either had been in the zip code I am looking for I would have fired off an offer, good thing I’m the only one willing to buy.

[temeculaguy]

cantab, good finds. Some of the fishy ones that sold multiple times can be part of the cashback scam that blew up earlier this year but I am a little shocked that both those are still on the market, those are screaming deals. Whenever you find 03 prices it is worthy of a post so keep it up. If either had been in the zip code I am looking for I would have fired off an offer, good thing I’m the only one willing to buy.

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