Would you like this REO and 2003 rollback in Capo Beach (Dana Point)? How a out if you knew it could potentially be a huge money pit?
27052 Calle Dolores, 92624
Asking price: $575,000
Previous sales price: $587,710
Previous sales date: 8/17/09
| Beds: | 2 |
| Baths: | 2 |
| Sq. Ft.: | 2,291 |
| $/Sq. Ft.: | $251 |
| Lot Size: | 4,725 Sq. Ft. |
| Property Type: | Single Family Residence |
| Style: | Cape Cod |
| Stories: | 3+ |
| Year Built: | 1978 |
| Community: | Capistrano Beach |
| County: | Orange |
| MLS#: | U9004239 |
| Source: | SoCalMLS |
| Status: | Active |
| On Redfin: | 1 day |
From description: THE SURF IS UP, BUT THE PRICE IS DOWN HERE AT CAPO BEACH ! WELCOME HOME TO ONE OF THE VERY BEST VALUES ON THE ORANGE COAST. THIS IS THE CITY OF DANA POINT, THE HOME TO THE WHALE FESTIVAL, THE HARBOR, AND SOME GREAT SURFING. THE PROPERTY IS A TWO BEDROOM TWO BATHROOM SINGLE FAMILY HOME THAT FEATURES CLOSE TO 2,291 SQUARE FEET OF INTERIOR LIVING SPACE, AND A LOT OF ALMOST 4,725 FEET. THE LOCATION IS GREAT, YOU ARE CLOSE TO ALL THE GREAT THINGS DANA POINT; THE BEACH, THE HARBOR, SCHOOLS, PARKS, AND SO MUCH MORE. SO COME HOME TO CAPO BEACH, AND START LIVING THE BEACH LIFESTYLE TODAY. DUE TO THE CONDITION OF THE HOME, THE BUYER SHOULD INVESTIGATE THE PROPERTY WITH PROFESSIONAL INSPECTORS. THE PROPERTY MAY, OR MAY HAVE BEEN RENOVATED OR REPAIRED DURING THE LISTING PERIOD. THE BUYER SHOULD REQUEST THE SCOPE OF WORK FROM THEIR AGENT
Is this Capo Beach or CAP-o Beach? Bad joke. But seriously, our eyes are hurting from reading the listing description. Let's take a look at some of the notes on the Redfin listing:
- Additions/Alterations
- Sold As Is
- Fixer Upper
- Rehab Potential
- Cosmetic Repairs
- Major Repairs Needed
As you probably noticed, the house went back to the bank in August and it's already back on the market. Before that, the house sold for
$667,000 in August 2003. The asking price today is almost $100,000 less than it sold for six years ago. The actual amount of repairs is a coin flip - better be sure you "INVESTIGATE THE PROPERTY WITH PROFESSIONAL INSPECTORS" to see whether you consider this to be an opportunity or a train wreck.
1 comments:
Location Blah blah - This place is a lot closer to I5 than to the beach. Needed repairs aside, the hearing impaired could find paradise here.
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