July 29, 2008

More Cheap(er) Anaheim Real Estate

I can’t help thinking that Anaheim is a hot destination these days.  For one thing, its baseball team, the Angels, has the best record in baseball.  In fact, on Monday they beat the world-champion Boston Red Sox for the sixth time this year in seven attempts. 

For another, Anaheim’s boundaries are the most inland of all of the O.C., and the recovery is moving east to west, like a Santa Ana wind. That means there could be bargains to be had here.

I’m hoping we can find out what went on last weekend at “The Event” at Stadium Lofts.  Did they sell those drastically discounted units? I wonder if they’ll ever tell us.  If it went well, probably.  But if it didn’t, they’ll probably decide not to comment.

But a look at Anaheim homes for sale shows there are some deeply discounted homes out there.  Will they come down any more? Hard to say, but other homes in the area are going for more.anaheim logo More Cheap(er) Anaheim Real Estate

1421 E. Romneya Drive, Anaheim 92805
$325,000
4BR/2B/1,774 square feet ($183/foot)
Days on market:  27
Year built:  1956
Lot size:  7,786 square feet
History: Sold for $601,000 in January 2006; sold in May for $1,000 — meaning it’s bank-owned. A neighboring home on the same street sold in February for $446,500.

1422 E. Willow Street, Anaheim 92805
$420,000
3BR/2B/2,250 square feet ($187/foot)
Days on market:  47
Year built:  1955
Lot size:  9,087 square feet
History:  Sold for $600,000 in April 2006; now bank-owned. A nearby home sold for $499,500 this month.

2240 E. Vermont Ave., Anaheim 92806
$433,000
4BR/2B/2,130 square feet ($203/foot)
Days on market:  2
Year built:  1972
Lot size:  5,096 square feet
History:  Sold for $650,000 in September 2006.  Now bank-owned. A home on the same street sold in March for $425,000.

1009 W. Karen Place, Anaheim 92805
$499,900
5BR/3B/2,471 square feet ($202/foot)
Days on market:  19
Year built:  1962
Lot size:  .27 acres
History:  Sold in April 2006 for $870,000; now bank-owned. The asking price was reduced nearly $100,000 this week. Looks like this house is in fine shape. A home a third of a mile away sold for $585,000 in March.

Recent Redfin posts:
Who’s Got the Lower I.Q.? Wells Fargo or These Owners?
Vacancies Run Amok:  Past Sales in Huntington Beach 
The Irvine Market Report: Detached Home Stats, July 2008
Neighborhood Spotlight:  Aliso Place


  • Talyssa,

    Thanks for the suggestion. I just did call the PR guy, who says he will be sending the release, but he told me the release said they sold "more than 50" of the 58 units. Which, if that's true -- and I don't have any reason to believe it isn't -- is pretty remarkable.
  • Talyssa
    I'm absolutely dying to find out what happend with the stadium lofts. Maybe someone can just call them and ask if any of those units are still available at reduced prices and see what they say?
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