8631 PINA CORTE, Corona, CA 92883
This home was featured on the BMIT website back in Sept 07. It was an attempted flip. Here's the text from the BMIT post,
House #3 is 8613 Pina Corte. This is also a 3,629 sqft model that was previously featured by BMIT back in July of '06. At the time, the home was on sale as a REO after the prior owner defaulted on his zero down, 100% financed $735,000 purchase. Perhaps inspired by the impressive sale price from 8650 Pina Corte, a flipper decided he couldn't pass up this home at the bargain basement price of $635,000 in March of '07 (afterall, $215,000 instant equity, right?). The flipper added front and back yard landscaping, a balcony, as well as bamboo flooring, new carpet, and a painted driveway. The flip has been on the MLS since July and after a single price drop it looks like the flipper is sticking to his $825,000 asking price.
So a flipper picked up this place for $635k last year. Dropped another wad of cash upgrading the place and tried to get $850k for it. As you can well imagine that didn't quite work out for our fliptard.
It listed this week (again) at a more reasonable price. It's now listed as a short sale at $399k! Now that is a FLOP!!