FIT File for 2007-08-04Download Google EarthNote: Internet Explorer sometimes changes the extension of this file to "zip" from "kmz" when you download it. The file can still be opened in Google Earth by going to "File – Open", then selecting "All Files" under the "Files of Type" menu.
9821 Trailhead Ct
Wilton, CA 95693 | | Total Loss: $274,600 | Percent Loss: 24.4% | Asking Price: $849,900
Bedrooms:5 Baths: 3 Sq. feet:4400Listing History:
Down 37.0% from $1,350,000 On 2006-07-22
Down 35.9% from $1,325,000 On 2006-09-02
Down 34.6% from $1,299,000 On 2006-09-23
Down 22.7% from $1,099,000 On 2007-03-17
Down 5.0% from $895,000 On 2007-05-12
Days on market: 378
# of Times Listed: 3 Previous Sales:
Sold on 2006-04-04 for $1,124,500
MLS# 70027728 Google Maps
Assessed Value Property Tax Bill |
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7717 Victory Ave
Sacramento, CA 95828 | | Total Loss: $196,002 | Percent Loss: 35.6% | Asking Price: $354,900
Bedrooms:2 Baths: 1 Sq. feet:840Listing History:
Down 19.3% from $440,000 On 2006-12-09
Down 17.5% from $430,000 On 2007-02-09
Down 15.5% from $419,900 On 2007-03-10
Down 10.1% from $394,900 On 2007-04-14
Days on market: 238
# of Times Listed: 2 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 |
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8130 Ackerson Way
Antelope, CA 95843 | | Total Loss: $180,000 | Percent Loss: 35.3% | Asking Price: $330,000
Bedrooms:4 Baths: 3 Sq. feet:2364Listing History:
Down 34.0% from $499,950 On 2007-04-07
Down 30.5% from $475,000 On 2007-04-28
Down 26.7% from $450,000 On 2007-05-06
Down 12.0% from $375,000 On 2007-06-16
Days on market: 119
# of Times Listed: 2 Previous Sales:
Sold on 2005-10-17 for $510,000
MLS# 70036138 Google Maps |
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10040 Shana Way
Elk Grove, CA 95757 | | Total Loss: $179,000 | Percent Loss: 30.4% | Asking Price: $410,000
Bedrooms:4 Baths: 3 Sq. feet:2724Listing History:
Down 37.8% from $659,000 On 2006-12-09
Down 26.5% from $558,000 On 2007-04-14
Down 18.8% from $505,000 On 2007-05-26
Down 16.3% from $490,000 On 2007-06-09
Down 13.7% from $475,000 On 2007-06-16
Down 10.9% from $460,000 On 2007-06-23
Down 6.8% from $440,000 On 2007-06-30
Down 2.4% from $420,000 On 2007-07-07
Days on market: 238
# of Times Listed: 4 Previous Sales:
Sold on 2004-08-05 for $441,500
Sold on 2005-07-29 for $589,000
MLS# 70055254 Google Maps
Assessed Value Property Tax Bill |
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10224 Jenny Lynn Way
Elk Grove, CA 95757 | | Total Loss: $165,000 | Percent Loss: 23.7% | Asking Price: $530,000
Bedrooms:5 Baths: 3 Sq. feet:3440Listing History:
Down 23.2% from $689,900 On 2006-04-09
Down 20.7% from $668,000 On 2006-05-12
Down 15.9% from $629,900 On 2006-06-01
Down 14.5% from $620,000 On 2006-11-11
Down 10.9% from $595,000 On 2006-12-09
Down 6.2% from $565,000 On 2007-01-20
Days on market: 482
# of Times Listed: 3 Previous Sales:
Sold on 2006-07-27 for $695,000
Sold on 2006-07-27 for $695,000
MLS# 60122804 Google Maps
Assessed Value Property Tax Bill |
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9665 Amber Waves Way
Elk Grove, CA 95624 | | Total Loss: $163,100 | Percent Loss: 29.5% | Asking Price: $389,900
Bedrooms:3 Baths: 2 Sq. feet:2315Listing History:
Down 43.5% from $690,000 On 2006-06-01
Down 41.4% from $665,000 On 2006-07-08
Down 35.0% from $599,900 On 2006-09-02
Down 26.3% from $529,000 On 2006-12-23
Down 24.9% from $519,000 On 2007-01-13
Down 23.4% from $509,000 On 2007-01-27
Down 21.9% from $499,000 On 2007-04-22
Days on market: 429
# of Times Listed: 5 Previous Sales:
Sold on 2006-04-03 for $553,000
MLS# 70079536 Google Maps
Assessed Value Property Tax Bill |
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4437 Anatolia Dr
Rancho Cordova, CA 95742 | | Total Loss: $158,600 | Percent Loss: 16.5% | Asking Price: $799,900
Bedrooms:6 Baths: 4 Sq. feet:5400Listing History:
Down 33.3% from $1,199,000 On 2006-04-21
Down 21.5% from $1,019,000 On 2006-05-18
Down 33.3% from $1,199,000 On 2006-06-22
Down 15.8% from $949,900 On 2007-03-24
Days on market: 470
# of Times Listed: 4 Previous Sales:
Sold on 2006-03-06 for $958,500
MLS# 70064146 Google Maps
Assessed Value Property Tax Bill |
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10049 Prairie Dunes Way
Sacramento, CA 95829 | | Total Loss: $155,100 | Percent Loss: 27.0% | Asking Price: $419,900
Bedrooms:4 Baths: 3 Sq. feet:2539Listing History:
Down 14.3% from $490,000 On 2007-03-31
Down 10.7% from $470,000 On 2007-04-28
Down 8.5% from $459,000 On 2007-05-12
Down 4.4% from $439,000 On 2007-05-26
Down 2.1% from $429,000 On 2007-06-16
Up 5.2% from $399,000 On 2007-07-14
Days on market: 126
# of Times Listed: 4 Previous Sales:
Sold on 2004-06-01 for $428,000
Sold on 2006-07-31 for $575,000
Sold on 2006-07-31 for $575,000
MLS# 70078600 Google Maps
Assessed Value Property Tax Bill |
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5111 Fredericksburg Way
Sacramento, CA 95835 | | Total Loss: $150,100 | Percent Loss: 19.2% | Asking Price: $629,900
Bedrooms:6 Baths: 2 Sq. feet:4090Listing History:
Down 24.1% from $830,000 On 2006-07-08
Down 21.2% from $799,000 On 2006-11-11
Down 13.7% from $729,900 On 2007-03-10
Down 3.1% from $650,000 On 2007-03-17
Down 1.6% from $640,000 On 2007-04-14
Up 0.8% from $624,900 On 2007-04-22
Down 1.6% from $639,900 On 2007-06-02
Days on market: 392
# of Times Listed: 4 Previous Sales:
Sold on 2005-06-02 for $780,000
MLS# 70024496 Google Maps
Assessed Value Property Tax Bill |
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7204 Ackley Dr
Elk Grove, CA 95757 | | Total Loss: $147,500 | Percent Loss: 19.8% | Asking Price: $599,000
Bedrooms:5 Baths: 4 Sq. feet:3927Listing History:
Down 17.8% from $729,000 On 2006-09-30
Down 15.5% from $709,000 On 2006-10-21
Down 14.3% from $699,000 On 2007-03-17
Down 8.5% from $655,000 On 2007-05-19
Days on market: 308
# of Times Listed: 2 Previous Sales:
Sold on 2005-08-09 for $746,500
MLS# 60109032 Google Maps |
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7489 24th St
Sacramento, CA 95822 | | Total Loss: $146,000 | Percent Loss: 40.6% | Asking Price: $214,000
Bedrooms:4 Baths: 2 Sq. feet:1368Listing History:
Down 14.1% from $249,000 On 2007-03-03
Down 10.5% from $239,000 On 2007-03-17
Down 8.5% from $234,000 On 2007-03-24
Down 4.5% from $224,000 On 2007-04-07
Down 2.3% from $219,000 On 2007-04-22
Days on market: 154
# of Times Listed: 2 Previous Sales:
Sold on 2004-03-24 for $202,000
Sold on 2005-06-28 for $260,000
Sold on 2005-12-13 for $360,000
MLS# 70020882 Google Maps
Assessed Value Property Tax Bill |
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261 Anjou Cir
Sacramento, CA 95835 | | Total Loss: $142,100 | Percent Loss: 27.2% | Asking Price: $379,900
Bedrooms:3 Baths: 2 Sq. feet:2187Listing History:
Down 15.6% from $449,900 On 2006-12-23
Down 13.6% from $439,900 On 2007-01-27
Down 11.6% from $429,900 On 2007-03-03
Down 8.4% from $414,900 On 2007-03-24
Down 6.2% from $404,900 On 2007-05-12
Down 3.8% from $395,000 On 2007-06-16
Days on market: 224
# of Times Listed: 3 Previous Sales:
Sold on 2005-07-18 for $522,000
MLS# 70022624 Google Maps
Assessed Value Property Tax Bill |
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5362 Long Canyon Dr
Fair Oaks, CA 95628 | | Total Loss: $140,100 | Percent Loss: 21.9% | Asking Price: $499,900
Bedrooms:4 Baths: 2 Sq. feet:2213Listing History:
Down 25.9% from $675,000 On 2007-03-03
Down 23.0% from $649,000 On 2007-04-07
Down 20.5% from $629,000 On 2007-04-14
Down 19.2% from $619,000 On 2007-04-22
Down 16.5% from $599,000 On 2007-04-28
Down 11.5% from $565,000 On 2007-05-12
Down 8.9% from $549,000 On 2007-05-26
Down 3.7% from $519,000 On 2007-06-02
Up 0.2% from $499,000 On 2007-06-09
Days on market: 154
# of Times Listed: 3 Previous Sales:
Sold on 2004-11-05 for $545,000
Sold on 2006-06-30 for $640,000
MLS# 70075015 Google Maps
Assessed Value Property Tax Bill |
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Total 1334 in Sacramento County
Sum of Losses: $70,073,301
FIT File for 2007-08-04
2 comments :
Interesting changes coming up on the FIT lists. Total FITs this week are down 1.2% (1,716 or a drop of 22 from last week). However, the total losses grew 1.5% to $90.5 million.
Clearly, FITs who have been trying to sell their houses for over 2 years have fallen off the list.
Those still on the list are taking bigger losses. The average loss per Flipper is $53,235 today. That excludes buying, carrying and selling costs. It is hard to make up those losses with volume.
LODI NEWS SENTINEL JULY 28 2007 NEWS
Rick Latta stands in front of his house in Lodi on West Locust Street on Friday. Latta is attempting to sell his house in a unique way. A large green banner hangs in front of the garage reading, "Buy This House!" (Whitney Ramirez/News-Sentinel)
Lodi couple gets creative in sluggish housing market
By Chris Nichols
News-Sentinel Staff Writer
Last updated: Saturday, July 28, 2007 6:53 AM PDT
Comments (45 comment(s))
Rick Latta "has tried everything" during the past six months to sell his West Locust Street home.
He's held open houses, reduced the price several times, listed it in local papers and on real estate Web sites.
But still, nothing.
Enter a giant lime green banner above his garage that reads: 'Buy This House! No down. No bank qualify. No credit application.'
Latta — who owns a commercial janitorial company — is hoping the sign and some creative financing will finally lead to a sale.
He's partnered with a Manhattan Beach investor to offer a "land trust" sale, one that doesn't turn over the deed to the home for five years, but allows a new buyer to move in and make payments with nothing down.
"It's just another way (to sell the home) — and a lot of people are doing it," Latta explained to a couple touring his 3-bedroom, 2-bathroom home Friday afternoon.
"It's another opportunity," added Valerie Smith, Latta's fiancée. "We thought: 'We're going to try it all.'"'
Under the trust agreement, Latta could not seize the equity that might build up over the five years, he said. Instead, the new buyer and the investor would split that equity.
The couple said they're also willing to do a conventional sale.
Latta is asking $367,000 for the home, down from the $435,000 he first listed. The blue-trimmed home has a pool, a 2-car garage and remodeled bathrooms and kitchen.
The two recently moved into a new home in Discovery Bay to be closer to Livermore, where Smith's two daughters attend high school.
Local real estate experts had mixed thoughts on the creative financing deals some sellers are offering in the slow market.
Larry Underhill, a Lodi real estate broker with 23 years experience in the business, said he had not heard of deals like Latta's.
But he said similar "contract of sale" deals — in which a seller makes a direct agreement with a buyer, without going through a lender — were extremely risky.
He estimated that less than one percent of all deals are arranged that way.
"I would warn people off it," he said. "I think it's too exotic for the average person to really grasp."
Lodi/Woodbridge housing market by the numbers$410,000: May's average sales price.
$371,000: This month's average sales price so far.
$318,000: Last month's average sales price for homes in Lodi and Woodbridge.
514: Total number of homes and condominiums that remain for sale.
47: Number of homes or condominiums that have sold this month.
33: Number of homes or condominiums that sold last month.
3: The average number of months a home has stayed on the market this year.
Source: Paul Mertz, Lodi real estate agent
Reducing your sale price and sprucing up your home are the two keys to a quick sale, he said.
"The trick is you've either got to be the prettiest home on the block or you've got to have the best price ... because there are so many homes out there," he added.
Paul Mertz, past president of the Lodi Association of Realtors, concurred with Underhill about pricing.
"If a house is too hard to sell, the price is usually too high," he said. "If you get the right price, it's going to sell."
In Latta's case, he's already lowered the price quite a bit.
He's ready to begin his new life in Discovery Bay, and doesn't want to be paying two mortgages at the same time, he said.
"I'm to the point where I need to get rid of it," he said.
At least one real estate expert said creative deals can and do work.
Jaime Alvayay, professor of real estate finance and investments at California State University, Sacramento, said there are positives to deals like Latta's.
He noted that on the East Coast, residential 'lease backs' are becoming more popular.
In those cases — which are common in the commercial world — companies buy homes from people unable to make their payments and lease them back to the residents, giving them time to stay in their homes and improve their finances.
Without seeing Latta's land trust contract, Alvayay said he couldn't comment specifically on it.
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