Sweet Orange

Yesterday, I wrote about an Irvine home that is bank-owned and that was held off the market for approximately 16 months.  However, apparently the banks do not hold all REO homes off the market for that long.

For example, at 215 Knox Street in Eastside Costa Mesa is a 1987 single-family home with 2 bedrooms and 2 baths. The bank put this home back on the market after approximately 3 months of taking it back from the borrower. However, I should note that this home was delisted on November 11, 2009. It went on the market at $609,000, and, at one time, the price was reduced to $549,000.

Current Listing Information:

• Market Price: $609,000
• Estimated Value: $598,137
• Estimated Value (Minimum): $508,530
• Estimated Value (Maximum): $687,744
• Status: Vacant

Listing History:

• November 11, 2009 Delisted–Foreclosed Homes #4049079
• October 22, 2009 Price Changed–Foreclosed Homes #4049079
• October 08, 2009 Listed $609,000–Foreclosed Homes #4049079
• July 28, 2009 Sold (Public Records) $427,174–Public Records