Friday, November 28, 2008

59% off peak pricing in Dol Lagos

If you think the Dos Lagos shopping center isn't going to turn into a cheap outdoor swap meet you may want to check out this listing.

4470 Cabot Drive
, this 4 bedroom 3.5 bath home with 2539 sq/ft just hit the market as a REO property. It looks like this thing sold new from the builder for $751K in early 2006. Of course it went back to the bank and it's currently listed for $310k. That is 59% off peak price! I did the calculation twice it really is 59% off peak. Off course this tract and "The Retreat" were probably the two most overpriced tracts in Corona. For $310k it's not a bad looking house. But look at those property taxes!. And who knows what is going to happen with the golf course and the shopping mall.

I's certainly not the most attractive home from the street. The realtard should be bitch slapped for the lame pictures. Nothing showing the kitchen or bathrooms but two pictures of random doors. This home should sell at that price, probably higher. But before you bid check the taxes!

Ohhhh, look at that door, it has glass in it. That clinches the deal for me!


tyrone said...

I still can't believe idiots were willing to pay 750k for a 2500 sq ft house!!!!!

golfer_X said...

Hell, they were paying more than that for smaller homes. Look at the 55+ tract in the Trilogy area. Those idiots were paying $750k for for 1800 sq/ft homes. Hell there are loads of them listed and some of those old farts are still asking $700k.

Check out this listing, owned by a realtor btw!
MLS#: K08111415k

alex said...

That has got to be one of the ugliest front elevations for a newer house that I've seen in a long while. It looks as if it has gun portals, which I suppose could be useful in the future when this neighborhood becomes a ghetto.

I'll miss Dos Lagos when it becomes a swap meet, though, as I like to stop in for coffee and sandwiches when I'm driving through the area.