Saturday, December 23, 2006

Sacramento: 2006-12-23 Part 1

As 2006 comes to a close, I would like to thank everybody who makes this site possible. Who would have thought that a site created on a lark could generate this much interest! Since this blog began on July 22, it has received almost 71,000 hits. That is 460 per day. On July 22, there were 188 FITs in Sacramento County. Today, we're up to 471!

I look forward to another year of documenting real estate investment failures in Sacramento. See you in the New Year!

Max



808 Natoma St
Folsom, CA 95630
Total Loss: $158,500Percent Loss: 30.6%
Asking Price: $360,000
Bedrooms:3    Baths: 1    Sq. feet:1262

Previous Sales:
Sold on 2005-12-02 for $518,500

MLS# 60112107      Google Maps
Assessed Value       Property Tax Bill


990 Snow Lily Ave
Galt, CA 95632
Total Loss: $125,168Percent Loss: 23.6%
Asking Price: $405,800
Bedrooms:4    Baths: 2    Sq. feet:1998

Listing History:
Down 11.6% from $458,850 On 09-23
Down 8.8% from $445,085 On 10-21
Down 5.0% from $427,100 On 11-24

Previous Sales:
Sold on 2004-06-25 for $341,000
Sold on 2006-08-29 for $530,968

MLS# 60106931      Google Maps
Assessed Value       Property Tax Bill


7148 Mariposa Ave
Citrus Heights, CA 95610
Total Loss: $124,000Percent Loss: 27.6%
Asking Price: $325,000
Bedrooms:2    Baths: 1    Sq. feet:1478

Listing History:
Down 39.3% from $534,999 On 06-01
Down 27.8% from $450,000 On 06-09

Previous Sales:
Sold on 2006-08-31 for $449,000

MLS# 60106971      Google Maps
Assessed Value       Property Tax Bill


8017 Springarden Way
Sacramento, CA 95828
Total Loss: $122,500Percent Loss: 33.0%
Asking Price: $249,000
Bedrooms:4    Baths: 2    Sq. feet:1468

Previous Sales:
Sold on 2005-08-10 for $371,500

MLS# 60132969      Google Maps
Assessed Value       Property Tax Bill


8011 Pony Ct
Sacramento, CA 95830
Total Loss: $120,000Percent Loss: 12.0%
Asking Price: $880,000
Bedrooms:4    Baths: 2    Sq. feet:3037

Listing History:
Down 9.2% from $969,000 On 05-25
Down 16.2% from $1,050,000 On 10-21

Previous Sales:
Sold on 2004-02-06 for $659,000
Sold on 2006-08-31 for $1,000,000

MLS# 60116657      Google Maps
Assessed Value       Property Tax Bill


4311 Cadee Ct
Rancho Cordova, CA 95742
Total Loss: $116,500Percent Loss: 16.0%
Asking Price: $611,500
Bedrooms:6    Baths: 4    Sq. feet:3500

Listing History:
Down 5.9% from $650,000 On 10-28
Up 19.6% from $511,500 On 11-04

Previous Sales:
Sold on 2006-05-05 for $728,000

MLS# 60121041      Google Maps
Assessed Value       Property Tax Bill


3305 Tree Swallow Cir
Elk Grove, CA 95757
Total Loss: $115,000Percent Loss: 21.9%
Asking Price: $410,000
Bedrooms:3    Baths: 2    Sq. feet:2436

Listing History:
Down 10.7% from $459,000 On 05-14
Down 2.4% from $420,000 On 07-15
Down 9.7% from $454,000 On 10-21
Down 4.2% from $428,000 On 10-28

Previous Sales:
Sold on 2005-07-07 for $525,000

MLS# 60116293      Google Maps
Assessed Value       Property Tax Bill



7217 Pine Grove Way
Folsom, CA 95630
Total Loss: $115,000Percent Loss: 15.0%
Asking Price: $650,000
Bedrooms:4    Baths: 3    Sq. feet:3254

Listing History:
Down 6.9% from $698,000 On 09-02

Previous Sales:
Sold on 2006-03-01 for $765,000

MLS# 60099754      Google Maps


7009 New Sacto Way
Sacramento, CA 95824
Total Loss: $115,000Percent Loss: 20.5%
Asking Price: $445,000
Bedrooms:5    Baths: 3    Sq. feet:2573

Previous Sales:
Sold on 2006-02-27 for $560,000

MLS# 60133650      Google Maps
Assessed Value       Property Tax Bill


7717 Victory Ave
Sacramento, CA 95828
Total Loss: $110,902Percent Loss: 20.1%
Asking Price: $440,000
Bedrooms:2    Baths: 1    Sq. feet:840

Previous Sales:
Sold on 2004-03-11 for $285,000
Sold on 2005-02-18 for $395,000
Sold on 2006-03-03 for $550,000
Sold on 2006-10-06 for $550,902

MLS# 60130352      Google Maps
Assessed Value       Property Tax Bill


8756 Rubystone Ct
Elk Grove, CA 95624
Total Loss: $110,000Percent Loss: 20.2%
Asking Price: $435,000
Bedrooms:3    Baths: 2    Sq. feet:1900

Listing History:
Down 2.2% from $445,000 On 07-28

Previous Sales:
Sold on 2005-12-02 for $545,000

MLS# 60083355      Google Maps
Assessed Value       Property Tax Bill


3600 22nd Ave
Sacramento, CA 95820
Total Loss: $106,000Percent Loss: 31.6%
Asking Price: $229,000
Bedrooms:2    Baths: 1    Sq. feet:616

Listing History:
Down 2.6% from $235,000 On 12-02

Previous Sales:
Sold on 2005-04-26 for $335,000

MLS# 60128177      Google Maps
Assessed Value       Property Tax Bill


2434 57th Ave
Sacramento, CA 95822
Total Loss: $105,000Percent Loss: 23.1%
Asking Price: $350,000
Bedrooms:3    Baths: 2    Sq. feet:1432

Previous Sales:
Sold on 2005-06-22 for $455,000

MLS# 60121688      Google Maps


6500 Larchmont Dr
North Highlands, CA 95660
Total Loss: $101,000Percent Loss: 30.6%
Asking Price: $229,000
Bedrooms:3    Baths: 2    Sq. feet:1120

Listing History:
Down 11.6% from $259,000 On 09-09
Down 8.0% from $249,000 On 09-16
Down 4.2% from $239,000 On 09-23

Previous Sales:
Sold on 2006-03-23 for $330,000

MLS# 60100568      Google Maps
Assessed Value       Property Tax Bill


2106 Red Robin Ln
Sacramento, CA 95821
Total Loss: $100,050Percent Loss: 28.6%
Asking Price: $249,950
Bedrooms:2    Baths: 1    Sq. feet:810

Listing History:
Down 2.0% from $254,950 On 09-02
Up 0.3% from $249,239 On 11-11

Previous Sales:
Sold on 2004-06-23 for $190,000
Sold on 2006-09-21 for $350,000

MLS# 60098555      Google Maps
Assessed Value       Property Tax Bill


5760 Tres Piezas Dr
Sacramento, CA 95835
Total Loss: $100,000Percent Loss: 16.7%
Asking Price: $500,000
Bedrooms:4    Baths: 3    Sq. feet:2618

Previous Sales:
Sold on 2005-06-09 for $457,500
Sold on 2005-10-06 for $600,000

MLS# 60121710      Google Maps
Assessed Value       Property Tax Bill


10224 Jenny Lynn Way
Elk Grove, CA 95757
Total Loss: $100,000Percent Loss: 14.4%
Asking Price: $595,000
Bedrooms:5    Baths: 3    Sq. feet:3440

Listing History:
Down 13.8% from $689,900 On 04-09
Down 10.9% from $668,000 On 05-12
Down 5.5% from $629,900 On 06-01
Down 4.0% from $620,000 On 11-11

Previous Sales:
Sold on 2006-07-27 for $695,000

MLS# 60122804      Google Maps
Assessed Value       Property Tax Bill



9308 Engleside Ct
Elk Grove, CA 95758
Total Loss: $97,500Percent Loss: 17.3%
Asking Price: $465,000
Bedrooms:4    Baths: 3    Sq. feet:2126

Listing History:
Down 14.2% from $542,000 On 06-16
Down 9.7% from $515,000 On 07-15
Down 4.1% from $485,000 On 08-14
Down 2.1% from $475,000 On 09-02
Up 2.2% from $455,000 On 09-16

Previous Sales:
Sold on 2005-08-15 for $562,500

MLS# 60064506      Google Maps
Assessed Value       Property Tax Bill


2713 16th St
Sacramento, CA 95818
Total Loss: $92,000Percent Loss: 18.8%
Asking Price: $398,000
Bedrooms:3    Baths: 1    Sq. feet:1168

Listing History:
Down 16.4% from $475,900 On 04-27
Down 13.0% from $457,500 On 06-09
Down 8.5% from $435,000 On 08-05
Down 6.4% from $425,000 On 09-09
Down 2.9% from $409,900 On 10-14

Previous Sales:
Sold on 2004-10-18 for $85,000
Sold on 2005-03-01 for $490,000

MLS# 60102174      Google Maps
Assessed Value       Property Tax Bill


6549 RIO OSO Dr
Rancho Murieta, CA 95683
Total Loss: $90,100Percent Loss: 13.2%
Asking Price: $594,900
Bedrooms:3    Baths: 2    Sq. feet:2785

Listing History:
Down 7.0% from $640,000 On 05-18
Down 4.8% from $625,000 On 07-28
Up 0.8% from $590,000 On 11-18

Previous Sales:
Sold on 2003-12-17 for $548,000
Sold on 2005-04-04 for $685,000

MLS# 60051343      Google Maps
Assessed Value       Property Tax Bill


8836 Hiddenspring Way
Elk Grove, CA 95758
Total Loss: $90,000Percent Loss: 18.0%
Asking Price: $410,000
Bedrooms:3    Baths: 3    Sq. feet:2059

Listing History:
Down 16.2% from $489,000 On 10-07
Down 8.7% from $449,000 On 10-21
Down 4.7% from $429,999 On 12-02

Previous Sales:
Sold on 2005-06-29 for $500,000

MLS# 60112046      Google Maps
Assessed Value       Property Tax Bill


7675 25th St
Sacramento, CA 95832
Total Loss: $90,000Percent Loss: 26.5%
Asking Price: $250,000
Bedrooms:3    Baths: 2    Sq. feet:1213

Listing History:
Down 25.4% from $335,000 On 04-15
Down 21.9% from $319,900 On 04-21
Down 24.0% from $329,000 On 04-27
Down 22.8% from $324,000 On 05-12
Down 21.6% from $319,000 On 05-25
Down 19.1% from $309,000 On 06-09
Down 18.0% from $305,000 On 06-30
Down 16.4% from $299,000 On 07-22
Down 10.4% from $279,000 On 08-26

Previous Sales:
Sold on 2006-02-09 for $340,000

MLS# 60095190      Google Maps
Assessed Value       Property Tax Bill


5526 37TH Ave
Sacramento, CA 95824
Total Loss: $89,050Percent Loss: 30.8%
Asking Price: $199,950
Bedrooms:3    Baths: 1    Sq. feet:1190

Listing History:
Down 16.3% from $239,000 On 10-21
Down 7.0% from $215,000 On 10-28

Previous Sales:
Sold on 2005-11-08 for $289,000

MLS# 60115972      Google Maps
Assessed Value       Property Tax Bill


5855 13th St
Sacramento, CA 95822
Total Loss: $88,000Percent Loss: 17.2%
Asking Price: $425,000
Bedrooms:3    Baths: 2    Sq. feet:1907

Listing History:
Down 15.0% from $499,950 On 06-01
Down 7.6% from $459,950 On 08-26

Previous Sales:
Sold on 2005-09-29 for $513,000

MLS# 60057500      Google Maps
Assessed Value       Property Tax Bill


7615 Valley Wind Way
Sacramento, CA 95823
Total Loss: $86,550Percent Loss: 22.4%
Asking Price: $299,950
Bedrooms:4    Baths: 2    Sq. feet:1504

Listing History:
Down 7.7% from $324,950 On 11-18

Previous Sales:
Sold on 2005-10-12 for $386,500

MLS# 60125922      Google Maps
Assessed Value       Property Tax Bill


2925 43rd St
Sacramento, CA 95817
Total Loss: $86,276Percent Loss: 28.6%
Asking Price: $215,000
Bedrooms:2    Baths: 1    Sq. feet:1057

Previous Sales:
Sold on 2006-11-03 for $301,276

MLS# 60131057      Google Maps
Assessed Value       Property Tax Bill


1939 Richfield Way
Sacramento, CA 95832
Total Loss: $86,000Percent Loss: 19.1%
Asking Price: $365,000
Bedrooms:4    Baths: 2    Sq. feet:1777

Listing History:
Down 24.7% from $485,000 On 08-14

Previous Sales:
Sold on 2005-10-31 for $451,000

MLS# 60088305      Google Maps
Assessed Value       Property Tax Bill



3930 Balverne Ct
Antelope, CA 95843
Total Loss: $86,000Percent Loss: 20.2%
Asking Price: $340,000
Bedrooms:4    Baths: 2    Sq. feet:1893

Listing History:
Down 15.0% from $399,900 On 08-05
Down 5.3% from $359,000 On 09-02

Previous Sales:
Sold on 2005-04-27 for $426,000

MLS# 60132042      Google Maps
Assessed Value       Property Tax Bill


8711 Pacific Hills Way
Sacramento, CA 95828
Total Loss: $85,000Percent Loss: 23.6%
Asking Price: $275,000
Bedrooms:3    Baths: 2    Sq. feet:1420

Listing History:
Down 31.2% from $399,900 On 06-09
Down 28.6% from $385,000 On 07-28

Previous Sales:
Sold on 2004-01-16 for $230,000
Sold on 2005-07-01 for $360,000

MLS# 60133738      Google Maps
Assessed Value       Property Tax Bill


5101 Lotus Pond Way
Elk Grove, CA 95757
Total Loss: $85,000Percent Loss: 12.8%
Asking Price: $579,000
Bedrooms:4    Baths: 3    Sq. feet:2816

Listing History:
Down 3.3% from $599,000 On 09-09

Previous Sales:
Sold on 2006-02-15 for $664,000

MLS# 60102365      Google Maps
Assessed Value       Property Tax Bill


5633 49th St
Sacramento, CA 95824
Total Loss: $81,000Percent Loss: 27.0%
Asking Price: $219,000
Bedrooms:3    Baths: 1    Sq. feet:1250

Listing History:
Down 14.1% from $255,000 On 11-11
Down 8.4% from $239,000 On 11-18

Previous Sales:
Sold on 2005-07-26 for $300,000

MLS# 60118400      Google Maps


5005 Timbercreek Way
Sacramento, CA 95841
Total Loss: $80,100Percent Loss: 21.1%
Asking Price: $299,900
Bedrooms:4    Baths: 2    Sq. feet:1646

Previous Sales:
Sold on 2006-10-05 for $380,000

MLS# 60131723      Google Maps
Assessed Value       Property Tax Bill


4413 Middlebury Way
Mather, CA 95655
Total Loss: $76,000Percent Loss: 18.5%
Asking Price: $334,000
Bedrooms:4    Baths: 2    Sq. feet:1569

Listing History:
Down 4.6% from $350,000 On 10-14

Previous Sales:
Sold on 2005-06-29 for $410,000

MLS# 60113986      Google Maps
Assessed Value       Property Tax Bill


920 Lake Canyon Ave
Galt, CA 95632
Total Loss: $76,000Percent Loss: 16.0%
Asking Price: $399,000
Bedrooms:4    Baths: 2    Sq. feet:1820

Listing History:
Down 7.0% from $429,000 On 11-04

Previous Sales:
Sold on 2005-11-21 for $475,000

MLS# 60122041      Google Maps
Assessed Value       Property Tax Bill


135 Mcfarland Dr
Folsom, CA 95630
Total Loss: $76,000Percent Loss: 17.8%
Asking Price: $350,000
Bedrooms:3    Baths: 2    Sq. feet:1371

Listing History:
Down 9.1% from $385,000 On 08-14
Down 4.1% from $365,000 On 09-23
Down 1.4% from $355,000 On 10-07

Previous Sales:
Sold on 2005-06-17 for $426,000

MLS# 60087877      Google Maps
Assessed Value       Property Tax Bill


3109 Berkshire Way
Sacramento, CA 95864
Total Loss: $76,000Percent Loss: 17.9%
Asking Price: $349,000
Bedrooms:3    Baths: 2    Sq. feet:1602

Listing History:
Down 6.9% from $375,000 On 08-05

Previous Sales:
Sold on 2003-08-29 for $198,000
Sold on 2004-05-17 for $259,000
Sold on 2006-10-31 for $425,000

MLS# 60087039      Google Maps
Assessed Value       Property Tax Bill


2611 28th St
Sacramento, CA 95818
Total Loss: $75,100Percent Loss: 21.5%
Asking Price: $274,900
Bedrooms:2    Baths: 1    Sq. feet:1040

Listing History:
Down 16.7% from $329,900 On 06-01
Down 11.6% from $310,900 On 08-26
Down 8.9% from $301,900 On 09-30
Down 7.8% from $298,000 On 10-07
Down 3.0% from $283,500 On 11-18

Previous Sales:
Sold on 2004-01-06 for $119,000
Sold on 2005-03-29 for $350,000

MLS# 60126144      Google Maps
Assessed Value       Property Tax Bill



3413 Lerwick Rd
Sacramento, CA 95821
Total Loss: $75,000Percent Loss: 27.3%
Asking Price: $200,000
Bedrooms:3    Baths: 1    Sq. feet:1070

Listing History:
Down 34.4% from $305,000 On 08-19
Down 23.1% from $260,000 On 11-18
Down 19.9% from $249,750 On 12-02

Previous Sales:
Sold on 2005-07-11 for $275,000

MLS# 60126302      Google Maps
Assessed Value       Property Tax Bill


6049 Holeton Rd
Carmichael, CA 95608
Total Loss: $75,000Percent Loss: 13.4%
Asking Price: $485,000
Bedrooms:3    Baths: 2    Sq. feet:2700

Listing History:
Down 27.1% from $665,000 On 05-20
Down 25.3% from $649,000 On 06-16
Down 23.6% from $635,000 On 07-15
Down 15.7% from $575,000 On 08-26
Down 11.8% from $550,000 On 09-16
Down 7.6% from $525,000 On 09-30
Down 2.8% from $499,000 On 10-14
Down 23.6% from $635,000 On 11-24

Previous Sales:
Sold on 2005-02-28 for $560,000

MLS# 60095099      Google Maps
Assessed Value       Property Tax Bill


500 Indiana Ave
Sacramento, CA 95833
Total Loss: $75,000Percent Loss: 23.4%
Asking Price: $245,000
Bedrooms:3    Baths: 1    Sq. feet:896

Previous Sales:
Sold on 2005-10-04 for $320,000

MLS# 60129900      Google Maps
Assessed Value       Property Tax Bill


8617 Golden Sage Dr
Elk Grove, CA 95624
Total Loss: $75,000Percent Loss: 16.0%
Asking Price: $395,000
Bedrooms:4    Baths: 2    Sq. feet:1848

Listing History:
Down 9.2% from $435,000 On 06-30
Down 6.0% from $420,000 On 09-16
Down 3.7% from $410,000 On 10-07

Previous Sales:
Sold on 2006-03-08 for $470,000

MLS# 60112335      Google Maps
Assessed Value       Property Tax Bill


104 Herrill Ct
Folsom, CA 95630
Total Loss: $74,600Percent Loss: 14.5%
Asking Price: $439,900
Bedrooms:3    Baths: 2    Sq. feet:1913

Listing History:
Down 3.3% from $454,900 On 07-22
Up 7.3% from $409,900 On 08-14
Up 10.3% from $399,000 On 11-04

Previous Sales:
Sold on 2005-10-07 for $514,500

MLS# 60129201      Google Maps
Assessed Value       Property Tax Bill


15007 Guadalupe Dr
Rancho Murieta, CA 95683
Total Loss: $74,000Percent Loss: 11.4%
Asking Price: $576,000
Bedrooms:5    Baths: 3    Sq. feet:2851

Listing History:
Down 17.7% from $699,900 On 04-09
Down 15.2% from $679,000 On 04-27
Down 10.7% from $645,000 On 09-30
Down 0.7% from $579,900 On 10-28

Previous Sales:
Sold on 2005-07-21 for $650,000

MLS# 60109227      Google Maps
Assessed Value       Property Tax Bill


5705 River Birch Pl
Antelope, CA 95843
Total Loss: $73,100Percent Loss: 18.8%
Asking Price: $314,900
Bedrooms:3    Baths: 2    Sq. feet:1330

Listing History:
Up 1.9% from $309,000 On 12-09

Previous Sales:
Sold on 2005-12-13 for $388,000

MLS# 60130116      Google Maps
Assessed Value       Property Tax Bill


7613 Muschetto Ct
Citrus Heights, CA 95621
Total Loss: $73,100Percent Loss: 21.3%
Asking Price: $269,900
Bedrooms:3    Baths: 2    Sq. feet:1316

Listing History:
Down 26.9% from $369,000 On 08-19
Down 16.4% from $323,000 On 08-26
Down 10.0% from $299,900 On 09-02
Down 8.5% from $294,900 On 09-09
Down 6.9% from $289,900 On 09-23
Down 5.3% from $284,900 On 10-07
Down 3.6% from $279,900 On 11-04

Previous Sales:
Sold on 2005-05-13 for $343,000

MLS# 60094297      Google Maps
Assessed Value       Property Tax Bill


261 Anjou Cir
Sacramento, CA 95835
Total Loss: $72,100Percent Loss: 13.8%
Asking Price: $449,900
Bedrooms:3    Baths: 2    Sq. feet:2187

Previous Sales:
Sold on 2005-07-18 for $522,000

MLS# 60133486      Google Maps
Assessed Value       Property Tax Bill


8320 Cypress Lake Ct
Antelope, CA 95843
Total Loss: $71,000Percent Loss: 19.7%
Asking Price: $289,000
Bedrooms:3    Baths: 2    Sq. feet:1534

Listing History:
Down 26.8% from $395,000 On 10-28
Down 17.2% from $349,000 On 12-02
Down 12.2% from $329,000 On 12-09

Previous Sales:
Sold on 2006-04-20 for $360,000

MLS# 60120102      Google Maps
Assessed Value       Property Tax Bill


Total 471 in Sacramento County

7 comments :

Anonymous said...

On July 22, there were 188 FITs in Sacramento County. Today, we're up to 471!

By this time next year we will see 2000 flippers in trouble. We are on track for a 50% decline by 2009.

Perfect Storm.

Anonymous said...

3305 Tree Swallow Circle listed at a $168 a sq foot.

Perfect Storm

Anonymous said...

Max, max, max.

471 is the minimum you have. I started checking 95827 and 95826 and some cursory checks gave me some additional flips.

By spring 07, you wont have enough space to keep track of them all.

Anonymous said...

Happy New Year Max. Your site is a classic. Thank you for keeping us aware.

Anonymous said...

Boy the market is really in the crapper.

Anonymous said...

Hi Max,
Bob Shallit from the Bee checking in again. I have a couple more questions for you. Please give me a ring at 321-1049.
Thanks

Sippn said...

ok Lewick road I can see. Drug sales must be down.

Friend of mine says its #1 daily stop in Sherrif's district (#2 is Walmart at El Camino)