Newer ceramic tile on bottom floor and newer carpet in stairs and top floor. Airy and bright. Close to properties for sale in redditch , Association pool and playground.”Our comment: Let’s start things off with a 2001 rollback. It’s also nearly a 1995 rollback – the sales price that year was $100,890.4405 Mar Escarpa, San Clemente, 92673Asking price: $975,000 Purchase price: $1,385,000 Purchase date: 8/8/05Listing snippet: “This Forster Highland home features 5 bedrooms and 4.5 baths,spacious kitchen with upgraded cabinets and granite countertops, built in entertainment center,travertine floors, pool and spa.”Our comment: This short sale is being offered for sale by estate agents in redditch ,for sale at 30% off the 2005 price.33821 Olinda, Dana Point, 92629Asking price: $332,500 Purchase price: $409,200 (REO)Purchase date: 2/3/09Listing snippet: “Great opportunity to purchase this bank owned beach cottage with picket fence in the Lantern District. “Our comment: The previous owner extracted a healthy amount of equity before losing it to the bank. Redfin says the property sold for $275,000 in 2001.2 Fayette Cir, 92694Asking price: $974,900 Purchase price: $1,399,500 Purchase date: 10/24/05Listing snippet: ‘Thoughtful and abundant architectural elements grace this captivating two story resdence with almost 4000 square feet of living area. Highlights include a professional grade island kitchen with top of the line stainless steel appliances, striking hardwood floors, four fireplaces, plantation shutters, custom built-ins, instant hot water heaters and a great number of other stunning upgrades.”Our comment: Here’s an attractive-looking home – if you like Craftsman style – in Ladera. This is a short sale offered at $451,600 or 32% off the 2005 price. 4 comments Labels: listings, South OC Thursday, February 26, 2009 60% off in San Juan 60% off…is this the OC or the IE? It’s not like we expect this San Juan house to actually sell for this price. But we’re still pretty amazed at the discount from the bubble value…29421 Avocado Ln, San Juan Capistrano, CA 92675 Asking price: $252,000 Asking price/ sq ft: $160Purchase price: $635,000 Purchase date: 11/29/05Size: 4 beds, 2 baths, 1,572 sq ft (built in 1974)MLS: P667849 (78 days on Redfin)Zillow Zestimate: $379,000Type: Single Family ResidenceStories: 1Lot size: 3,445 Sq. Ft. From listing: House in a very great area and close to ocean and Old San Juan Capistrano. View Larger MapTo make things a bit weirder, the address is listed in the online Superpages as a business.Just for kicks, here is the listing description from when it sold in 2005:WOW!Beautiful and affordable 4 bedroom home near Mission Viejo Shops, Hospital, Capistrano Valley High and Saddleback College. Wood floors, designer carpet,custom paint,scraped ceilings,ceiling fans,updated bathrooms with travertine floors, 2′ wood window blinds,and newer roof. Private backyard, enjoy community pools and lakes. Low association dues,low tax rate. Easy access to 5 Freeway and letting agents redditch ,and Toll Road. Take Avery Parkway exit, located on the boundary of Mission Viejo and San Juan Capistrano.Affordable home in this part of San Juan for $639,900 (the final asking price)? LOL. That’s hardly affordable in just about any area unless you’re dealing with exotic financing.Assuming the house can sell for the current asking price (chuckle, chuckle), it would mean a loss of $398,120, including 6% sales costs, or a depreciation of 60% not including any costs. 3 comments Labels: rollback,