Saturday, July 29, 2006

Revealing Trouble continued...

After our previous analysis, Anonymous wanted to look at more data:
Great job on the recent post on your flipper site. Do you think we should add some more? What about another 120 or so?
Well, who am I to say no? The following is a true random sampling of 120 properties being flipped in Sacramento County. Only one of these houses is Realtor owned, so the same cost conditions were applied (7% closing costs and full purchase price). Here is a quick statistical breakdown: -31% are in the red. -33% only of those identifiable as an FIT just by looking at previous sales. There is a large undercurrent of loss hidden in this market. How long before it breaks through the surface?

3xx5 Tree Swallow Cir
Elk Grove, CA 95757
Down Payment: None
Loan Balance: $517,865
Net Profit/Loss: -$127,265
Refi: No
Asking Price: $420,000
Bedrooms:3    Baths: 2    Sq. feet:2436

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



8xx2 Rendham Way
Sacramento, CA 95829
Down Payment: None
Loan Balance: $403,762
Net Profit/Loss: -$69,892
Refi: No
Asking Price: $359,000
Bedrooms:3    Baths: 2    Sq. feet:1577

Previous Sales:
Sold on 2004-06-08 for $317,000
Sold on 2005-07-28 for $409,000



1xxSedley Ct
Sacramento, CA 95823
Down Payment: None
Loan Balance: $425,396
Net Profit/Loss: -$67,346
Refi: Yes
Asking Price: $385,000
Bedrooms:4    Baths: 2    Sq. feet:1899

Previous Sales:
Sold on 2005-05-23 for $400,000



1xx61 Emerald Grove Dr
Elk Grove, CA 95624
Down Payment: None
Loan Balance: $435,331
Net Profit/Loss: -$63,377
Refi: No
Asking Price: $399,950
Bedrooms:4    Baths: 2    Sq. feet:2121

Previous Sales:
Sold on 2004-12-09 for $375,000



8xx1 Red Elk Dr
Elk Grove, CA 95758
Down Payment: $79,500
Loan Balance: $312,606
Net Profit/Loss: -$39,171
Refi: No
Asking Price: $379,500
Bedrooms:3    Baths: 2    Sq. feet:1518

Previous Sales:
Sold on 2005-09-22 for $395,500



3xx4 Onawa Ct
Antelope, CA 95843
Down Payment: None
Loan Balance: $333,830
Net Profit/Loss: -$31,580
Refi: No
Asking Price: $325,000
Bedrooms:3    Baths: 2    Sq. feet:1428

Previous Sales:
Sold on 2004-12-23 for $325,000



9xx7 Windrift Ln
Elk Grove, CA 95758
Down Payment: $100,000
Loan Balance: $311,467
Net Profit/Loss: -$27,377
Refi: No
Asking Price: $413,000
Bedrooms:3    Baths: 2    Sq. feet:1499

Previous Sales:
Sold on 2005-09-09 for $415,000



1xx1 Edgemore Ave
Sacramento, CA 95835
Down Payment: $40,000
Loan Balance: $376,957
Net Profit/Loss: -$27,287
Refi: No
Asking Price: $419,000
Bedrooms:4    Baths: 2    Sq. feet:1803

Previous Sales:
Sold on 2004-12-30 for $425,000



6xx4 Laguna Mirage Ln
Elk Grove, CA 95758
Down Payment: None
Loan Balance: $352,581
Net Profit/Loss: -$27,174
Refi: No
Asking Price: $349,900
Bedrooms:3    Baths: 2    Sq. feet:1379

Previous Sales:
Sold on 2005-05-27 for $358,000



4xx Slocum Dr
Folsom, CA 95630
Down Payment: None
Loan Balance: $434,086
Net Profit/Loss: -$24,933
Refi: No
Asking Price: $439,950
Bedrooms:3    Baths: 2    Sq. feet:1488

Previous Sales:
Sold on 2005-07-11 for $440,000



6xx9 Sol Way
Citrus Heights, CA 95621
Down Payment: $114,157
Loan Balance: $449,495
Net Profit/Loss: -$24,253
Refi: No
Asking Price: $579,999
Bedrooms:5    Baths: 3    Sq. feet:2641

Previous Sales:
Sold on 2005-07-27 for $569,500



8xx9 Misty Valley Way
Antelope, CA 95843
Down Payment: None
Loan Balance: $432,479
Net Profit/Loss: -$23,326
Refi: No
Asking Price: $439,950
Bedrooms:4    Baths: 2    Sq. feet:1714

Previous Sales:
Sold on 2004-07-29 for $372,000
Sold on 2005-05-05 for $439,500



7xx9 Little Oaks Way
Citrus Heights, CA 95621
Down Payment: $64,000
Loan Balance: $252,125
Net Profit/Loss: -$23,175
Refi: No
Asking Price: $315,000
Bedrooms:3    Baths: 1    Sq. feet:1045

Previous Sales:
Sold on 2004-12-21 for $210,000
Sold on 2005-05-27 for $320,000



1xx50 Mace River Ct
Rancho Cordova, CA 95670
Down Payment: $39,000
Loan Balance: $400,680
Net Profit/Loss: -$21,273
Refi: Yes
Asking Price: $449,900
Bedrooms:4    Baths: 2    Sq. feet:2006

Previous Sales:
Sold on 2005-07-20 for $445,000



3xx5 4th Ave
Sacramento, CA 95817
Down Payment: None
Loan Balance: $317,782
Net Profit/Loss: -$21,112
Refi: Yes
Asking Price: $319,000
Bedrooms:3    Baths: 2    Sq. feet:1248

Previous Sales:
Sold on 2005-03-14 for $307,000



7xx6 La Tour Dr
Sacramento, CA 95842
Down Payment: $30,300
Loan Balance: $268,758
Net Profit/Loss: -$20,151
Refi: No
Asking Price: $299,900
Bedrooms:2    Baths: 2    Sq. feet:886

Previous Sales:
Sold on 2005-06-14 for $303,000



5xx7 Mariposa Ave
Citrus Heights, CA 95610
Down Payment: None
Loan Balance: $381,201
Net Profit/Loss: -$18,594
Refi: No
Asking Price: $389,900
Bedrooms:4    Baths: 2    Sq. feet:1553

Previous Sales:
Sold on 2005-02-23 for $305,000
Sold on 2005-05-31 for $387,000



3xx1 May St
Sacramento, CA 95838
Down Payment: None
Loan Balance: $221,517
Net Profit/Loss: -$16,917
Refi: No
Asking Price: $220,000
Bedrooms:2    Baths: 1    Sq. feet:749

Previous Sales:
Sold on 2005-05-18 for $225,000



7xx0 Flores Way
Sacramento, CA 95822
Down Payment: $15,000
Loan Balance: $280,654
Net Profit/Loss: -$16,654
Refi: No
Asking Price: $300,000
Bedrooms:3    Baths: 2    Sq. feet:1240

Previous Sales:
Sold on 2005-05-24 for $300,000



4xx6 48th St
Sacramento, CA 95820
Down Payment: $30,000
Loan Balance: $265,397
Net Profit/Loss: -$16,397
Refi: No
Asking Price: $300,000
Bedrooms:4    Baths: 2    Sq. feet:1570

Previous Sales:
Sold on 2005-04-07 for $300,000



7xx8 Stockdale St
Sacramento, CA 95822
Down Payment: None
Loan Balance: $290,366
Net Profit/Loss: -$16,016
Refi: No
Asking Price: $295,000
Bedrooms:3    Baths: 2    Sq. feet:1350

Previous Sales:
Sold on 2005-05-12 for $260,000



2xx0 Screech Owl Way
Sacramento, CA 95834
Down Payment: $106,708
Loan Balance: $373,137
Net Profit/Loss: -$14,938
Refi: No
Asking Price: $499,900
Bedrooms:4    Baths: 2    Sq. feet:2501

Previous Sales:
Sold on 2005-07-06 for $485,000



5xx2 13th Ave
Sacramento, CA 95820
Down Payment: None
Loan Balance: $349,546
Net Profit/Loss: -$11,026
Refi: No
Asking Price: $364,000
Bedrooms:2    Baths: 1    Sq. feet:1156

Previous Sales:
Sold on 2005-08-03 for $354,000



5xxiebaum Ct
Elk Grove, CA 95758
Down Payment: None
Loan Balance: $382,551
Net Profit/Loss: -$10,561
Refi: Yes
Asking Price: $399,990
Bedrooms:4    Baths: 2    Sq. feet:1659

Previous Sales:
Sold on 2004-09-17 for $360,000



4xx6 A St
Sacramento, CA 95819
Down Payment: $40,500
Loan Balance: $359,038
Net Profit/Loss: -$9,868
Refi: No
Asking Price: $419,000
Bedrooms:2    Baths: 1    Sq. feet:1147

Previous Sales:
Sold on 2005-05-31 for $405,000



8xx7 Holly Oak St
Citrus Heights, CA 95610
Down Payment: None
Loan Balance: $380,398
Net Profit/Loss: -$9,328
Refi: No
Asking Price: $399,000
Bedrooms:4    Baths: 2    Sq. feet:1601

Previous Sales:
Sold on 2006-02-16 for $382,500



5xx1 Applehurst Way
Elk Grove, CA 95758
Down Payment: None
Loan Balance: $387,649
Net Profit/Loss: -$9,244
Refi: No
Asking Price: $406,888
Bedrooms:3    Baths: 2    Sq. feet:1623

Previous Sales:
Sold on 2005-11-21 for $391,000



1xx9 Stoddard St
Sacramento, CA 95822
Down Payment: $36,000
Loan Balance: $180,948
Net Profit/Loss: -$7,791
Refi: No
Asking Price: $224,900
Bedrooms:2    Baths: 1    Sq. feet:828

Previous Sales:
Sold on 2005-04-19 for $220,000



2xx5 Sherington Way
Sacramento, CA 95835
Down Payment: None
Loan Balance: $509,507
Net Profit/Loss: -$7,400
Refi: No
Asking Price: $539,900
Bedrooms:5    Baths: 3    Sq. feet:2382

Previous Sales:
Sold on 2005-06-13 for $517,000



5xx0 Tangerine Ave
Sacramento, CA 95823
Down Payment: None
Loan Balance: $308,426
Net Profit/Loss: -$6,176
Refi: No
Asking Price: $325,000
Bedrooms:3    Baths: 2    Sq. feet:1160

Previous Sales:
Sold on 2006-02-28 for $310,000



7xx9 RUSH RIVER Dr
Sacramento, CA 95831
Down Payment: None
Loan Balance: $377,101
Net Profit/Loss: -$6,031
Refi: No
Asking Price: $399,000
Bedrooms:3    Baths: 2    Sq. feet:1445

Previous Sales:
Sold on 2005-05-20 for $383,000



7xx0 Roy Rogers Pl
Citrus Heights, CA 95610
Down Payment: None
Loan Balance: $366,761
Net Profit/Loss: -$4,154
Refi: Yes
Asking Price: $389,900
Bedrooms:3    Baths: 2    Sq. feet:1592

Previous Sales:
Sold on 2004-12-03 for $330,000



4xx5 Andrew Alan Ln
Fair Oaks, CA 95628
Down Payment: $70,000
Loan Balance: $277,105
Net Profit/Loss: -$3,935
Refi: No
Asking Price: $369,000
Bedrooms:3    Baths: 2    Sq. feet:1504

Previous Sales:
Sold on 2005-10-03 for $350,000



4xx0 Schuyler Dr
Carmichael, CA 95608
Down Payment: None
Loan Balance: $421,273
Net Profit/Loss: -$3,703
Refi: No
Asking Price: $449,000
Bedrooms:3    Baths: 2    Sq. feet:2078

Previous Sales:
Sold on 2005-01-14 for $430,000



1xxAshley Oaks Ct
Sacramento, CA 95815
Down Payment: None
Loan Balance: $296,080
Net Profit/Loss: -$3,130
Refi: No
Asking Price: $315,000
Bedrooms:3    Baths: 2    Sq. feet:1264

Previous Sales:
Sold on 2005-04-01 for $275,000
Sold on 2005-07-21 for $300,000



6xx5 Fordham Way
Sacramento, CA 95831
Down Payment: $155,000
Loan Balance: $344,795
Net Profit/Loss: -$2,245
Refi: No
Asking Price: $535,000
Bedrooms:3    Baths: 2    Sq. feet:1526

Previous Sales:
Sold on 2005-06-03 for $505,000



5xx5 Los Pueblos Way
Sacramento, CA 95835
Down Payment: None
Loan Balance: $402,959
Net Profit/Loss: -$734
Refi: No
Asking Price: $432,500
Bedrooms:3    Baths: 2    Sq. feet:1811

Previous Sales:
Sold on 2005-05-05 for $374,500



7xx Hartnell Pl
Sacramento, CA 95825
Down Payment: $71,000
Loan Balance: $281,526
Net Profit/Loss: -$56
Refi: No
Asking Price: $379,000
Bedrooms:2    Baths: 2    Sq. feet:1370

Previous Sales:
Sold on 2005-11-17 for $355,000



9xx0 Sutton Way
Orangevale, CA 95662
Down Payment: $33,000
Loan Balance: $291,137
Net Profit/Loss: $1,270
Refi: No
Asking Price: $349,900
Bedrooms:4    Baths: 2    Sq. feet:1253

Previous Sales:
Sold on 2004-04-30 for $55,500
Sold on 2005-01-28 for $330,000



1xx29 Shoech Way
Elk Grove, CA 95757
Down Payment: $54,200
Loan Balance: $482,271
Net Profit/Loss: $1,767
Refi: No
Asking Price: $578,750
Bedrooms:4    Baths: 3    Sq. feet:3026

Previous Sales:
Sold on 2006-02-24 for $539,000



2xx7 Meadow Hawk Way
Antelope, CA 95843
Down Payment: $82,500
Loan Balance: $323,654
Net Profit/Loss: $2,581
Refi: No
Asking Price: $439,500
Bedrooms:4    Baths: 2    Sq. feet:2015

Previous Sales:
Sold on 2005-02-10 for $412,500



7xx3 34th Ave
Sacramento, CA 95824
Down Payment: None
Loan Balance: $251,601
Net Profit/Loss: $4,149
Refi: No
Asking Price: $275,000
Bedrooms:3    Baths: 1    Sq. feet:1176

Previous Sales:
Sold on 2005-07-14 for $255,000



6xx4 Palmaya Ln
Orangevale, CA 95662
Down Payment: $41,000
Loan Balance: $362,523
Net Profit/Loss: $5,667
Refi: No
Asking Price: $439,990
Bedrooms:3    Baths: 2    Sq. feet:1550

Previous Sales:
Sold on 2004-12-20 for $294,500
Sold on 2005-03-25 for $410,000



1xx Wapello Cir
Sacramento, CA 95835
Down Payment: $10
Loan Balance: $411,046
Net Profit/Loss: $6,514
Refi: No
Asking Price: $449,000
Bedrooms:4    Baths: 2    Sq. feet:2131

Previous Sales:
Sold on 2005-10-26 for $415,000



6xx5 Montez Ct
Citrus Heights, CA 95621
Down Payment: $124,363
Loan Balance: $190,625
Net Profit/Loss: $9,582
Refi: No
Asking Price: $349,000
Bedrooms:3    Baths: 2    Sq. feet:1548

Previous Sales:
Sold on 2005-05-16 for $318,000



4xx7 D St
Sacramento, CA 95819
Down Payment: $93,500
Loan Balance: $825,252
Net Profit/Loss: $10,318
Refi: No
Asking Price: $999,000
Bedrooms:3    Baths: 3    Sq. feet:2563

Previous Sales:
Sold on 2005-02-08 for $935,000



7xx5 Walsh Way
Sacramento, CA 95832
Down Payment: $34,500
Loan Balance: $214,376
Net Profit/Loss: $11,431
Refi: No
Asking Price: $279,900
Bedrooms:3    Baths: 2    Sq. feet:1301

Previous Sales:
Sold on 2005-04-18 for $252,500



8xx3 Patina Way
Elk Grove, CA 95624
Down Payment: $95,000
Loan Balance: $256,007
Net Profit/Loss: $11,589
Refi: No
Asking Price: $389,888
Bedrooms:3    Baths: 2    Sq. feet:1601

Previous Sales:
Sold on 2004-08-12 for $358,000



1xx71 CANADEO Cir
Elk Grove, CA 95757
Down Payment: $300
Loan Balance: $340,379
Net Profit/Loss: $11,791
Refi: No
Asking Price: $379,000
Bedrooms:3    Baths: 2    Sq. feet:1450

Previous Sales:
Sold on 2005-06-27 for $345,500



8xx4 Otium Ct
Antelope, CA 95843
Down Payment: None
Loan Balance: $318,045
Net Profit/Loss: $12,012
Refi: No
Asking Price: $354,900
Bedrooms:3    Baths: 3    Sq. feet:1577

Previous Sales:
Sold on 2004-10-04 for $326,000



5xx0 Kevinberg Dr
Sacramento, CA 95823
Down Payment: None
Loan Balance: $313,376
Net Profit/Loss: $12,124
Refi: No
Asking Price: $350,000
Bedrooms:4    Baths: 2    Sq. feet:1307

Previous Sales:
Sold on 2005-05-02 for $318,500



2xx Cypress St
Elverta, CA 95626
Down Payment: $17,500
Loan Balance: $249,254
Net Profit/Loss: $12,153
Refi: Yes
Asking Price: $299,900
Bedrooms:2    Baths: 1    Sq. feet:852

Previous Sales:
Sold on 2005-01-06 for $272,000



9xx7 Squirrelview Ct
Elk Grove, CA 95757
Down Payment: $101,000
Loan Balance: $257,730
Net Profit/Loss: $12,340
Refi: No
Asking Price: $399,000
Bedrooms:3    Baths: 2    Sq. feet:1457

Previous Sales:
Sold on 2004-10-20 for $365,000



2xx0 Riverside Blvd
Sacramento, CA 95818
Down Payment: None
Loan Balance: $432,759
Net Profit/Loss: $12,711
Refi: No
Asking Price: $479,000
Bedrooms:3    Baths: 2    Sq. feet:1705

Previous Sales:
Sold on 2004-09-17 for $377,500



1xx60 Walnutwood Way
Rancho Cordova, CA 95670
Down Payment: None
Loan Balance: $334,111
Net Profit/Loss: $14,546
Refi: No
Asking Price: $374,900
Bedrooms:4    Baths: 2    Sq. feet:1752

Previous Sales:
Sold on 2005-03-31 for $340,000



6xx2 Ackland Ct
Citrus Heights, CA 95621
Down Payment: None
Loan Balance: $207,368
Net Profit/Loss: $14,669
Refi: No
Asking Price: $238,750
Bedrooms:2    Baths: 1    Sq. feet:1100

Previous Sales:
Sold on 2004-12-06 for $212,000



8xx8 Justawee Ct
Elk Grove, CA 95624
Down Payment: None
Loan Balance: $556,854
Net Profit/Loss: $15,096
Refi: Yes
Asking Price: $615,000
Bedrooms:4    Baths: 3    Sq. feet:3206

Previous Sales:
Sold on 2005-01-07 for $523,500



4xx0 23rd Ave
Sacramento, CA 95820
Down Payment: $47,000
Loan Balance: $165,502
Net Profit/Loss: $15,348
Refi: Yes
Asking Price: $245,000
Bedrooms:2    Baths: 2    Sq. feet:1124

Previous Sales:
Sold on 2005-06-03 for $215,000



4xx1 Rio Linda Blvd
Sacramento, CA 95838
Down Payment: None
Loan Balance: $271,813
Net Profit/Loss: $15,557
Refi: Yes
Asking Price: $309,000
Bedrooms:3    Baths: 2    Sq. feet:1319

Previous Sales:
Sold on 2004-07-29 for $233,500



4xx3 DE LA VINA Way
Sacramento, CA 95823
Down Payment: $3,800
Loan Balance: $333,080
Net Profit/Loss: $16,520
Refi: No
Asking Price: $380,000
Bedrooms:4    Baths: 3    Sq. feet:1915

Previous Sales:
Sold on 2004-12-29 for $344,000



9xx4 Golden Dr
Orangevale, CA 95662
Down Payment: $105,000
Loan Balance: $296,370
Net Profit/Loss: $17,130
Refi: No
Asking Price: $450,000
Bedrooms:4    Baths: 2    Sq. feet:1698

Previous Sales:
Sold on 2004-05-14 for $300,000
Sold on 2004-09-17 for $409,000



3xx2 Loggerhead Way
Sacramento, CA 95834
Down Payment: $101,806
Loan Balance: $296,283
Net Profit/Loss: $20,411
Refi: No
Asking Price: $450,000
Bedrooms:4    Baths: 2    Sq. feet:2090

Previous Sales:
Sold on 2004-08-26 for $406,000



7xx DABNEY Ave
Rio Linda, CA 95673
Down Payment: $7,980
Loan Balance: $310,998
Net Profit/Loss: $20,472
Refi: Yes
Asking Price: $365,000
Bedrooms:3    Baths: 2    Sq. feet:1647

Previous Sales:
Sold on 2005-07-29 for $323,000



7xx4 Salmon River Dr
Sacramento, CA 95842
Down Payment: $29,000
Loan Balance: $251,754
Net Profit/Loss: $21,403
Refi: No
Asking Price: $324,900
Bedrooms:3    Baths: 2    Sq. feet:1208

Previous Sales:
Sold on 2005-03-18 for $200,000
Sold on 2005-04-19 for $285,000



1xx38 Lago Dr
Rancho Murieta, CA 95683
Down Payment: $17,250
Loan Balance: $322,351
Net Profit/Loss: $22,169
Refi: No
Asking Price: $389,000
Bedrooms:2    Baths: 2    Sq. feet:1790

Previous Sales:
Sold on 2004-04-19 for $280,000
Sold on 2005-04-22 for $345,000



7xx6 Van Maren Ln
Citrus Heights, CA 95621
Down Payment: None
Loan Balance: $263,784
Net Profit/Loss: $22,656
Refi: No
Asking Price: $308,000
Bedrooms:3    Baths: 2    Sq. feet:1104

Previous Sales:
Sold on 2005-03-17 for $267,500
Sold on 2005-06-29 for $267,500



2xx1 Gunn Rd
Carmichael, CA 95608
Down Payment: None
Loan Balance: $301,869
Net Profit/Loss: $22,701
Refi: No
Asking Price: $349,000
Bedrooms:3    Baths: 2    Sq. feet:1350

Previous Sales:
Sold on 2005-10-05 for $305,000



6xx1 5th St
Rio Linda, CA 95673
Down Payment: None
Loan Balance: $278,828
Net Profit/Loss: $23,422
Refi: No
Asking Price: $325,000
Bedrooms:3    Baths: 2    Sq. feet:1167

Previous Sales:
Sold on 2005-03-08 for $284,000



3xx9 Gray Mare Way
Antelope, CA 95843
Down Payment: None
Loan Balance: $380,874
Net Profit/Loss: $23,676
Refi: No
Asking Price: $435,000
Bedrooms:4    Baths: 3    Sq. feet:2297

Previous Sales:
Sold on 2004-12-30 for $389,000



3xx6 Pinell St
Sacramento, CA 95838
Down Payment: None
Loan Balance: $255,214
Net Profit/Loss: $23,693
Refi: No
Asking Price: $299,900
Bedrooms:3    Baths: 1    Sq. feet:1040

Previous Sales:
Sold on 2004-06-17 for $150,000
Sold on 2004-08-06 for $180,000
Sold on 2005-03-03 for $260,000



6xx6 Northbrook Way
Fair Oaks, CA 95628
Down Payment: $65,800
Loan Balance: $258,723
Net Profit/Loss: $24,227
Refi: No
Asking Price: $375,000
Bedrooms:3    Baths: 2    Sq. feet:1288

Previous Sales:
Sold on 2005-04-08 for $329,000



2xx9 Davenport Way
Sacramento, CA 95833
Down Payment: None
Loan Balance: $374,835
Net Profit/Loss: $25,065
Refi: Yes
Asking Price: $430,000
Bedrooms:4    Baths: 2    Sq. feet:1917

Previous Sales:
Sold on 2004-08-04 for $188,500
Sold on 2005-01-14 for $350,000



3xx2 43rd St
Sacramento, CA 95817
Down Payment: None
Loan Balance: $118,859
Net Profit/Loss: $25,291
Refi: No
Asking Price: $155,000
Bedrooms:2    Baths: 1    Sq. feet:798

Previous Sales:
Sold on 2005-10-14 for $90,000
Sold on 2005-10-26 for $120,000



1xx36 Lavelli Way
Elk Grove, CA 95757
Down Payment: $300,123
Loan Balance: $124,046
Net Profit/Loss: $25,951
Refi: No
Asking Price: $484,000
Bedrooms:3    Baths: 2    Sq. feet:2032

Previous Sales:
Sold on 2005-03-02 for $426,500



4xx0 Sanford St
Fair Oaks, CA 95628
Down Payment: $80,000
Loan Balance: $265,230
Net Profit/Loss: $26,677
Refi: No
Asking Price: $399,900
Bedrooms:3    Baths: 2    Sq. feet:1557

Previous Sales:
Sold on 2005-03-22 for $350,000



3xx4 Lazy J Ct
Antelope, CA 95843
Down Payment: None
Loan Balance: $351,670
Net Profit/Loss: $28,700
Refi: No
Asking Price: $409,000
Bedrooms:4    Baths: 2    Sq. feet:2017

Previous Sales:
Sold on 2003-08-06 for $264,500
Sold on 2004-11-04 for $360,000



8xx0 Diamond Oak Way
Elk Grove, CA 95624
Down Payment: $270,000
Loan Balance: $293,721
Net Profit/Loss: $30,549
Refi: No
Asking Price: $639,000
Bedrooms:0    Baths: 0    Sq. feet:2723

Previous Sales:
Sold on 2004-12-29 for $570,000



6xx Redwood Ave
Sacramento, CA 95815
Down Payment: None
Loan Balance: $290,106
Net Profit/Loss: $30,697
Refi: No
Asking Price: $344,950
Bedrooms:3    Baths: 2    Sq. feet:1602

Previous Sales:
Sold on 2004-09-23 for $218,000



5xx3 Diablo Dr
Sacramento, CA 95842
Down Payment: $60,000
Loan Balance: $234,730
Net Profit/Loss: $30,770
Refi: No
Asking Price: $350,000
Bedrooms:3    Baths: 2    Sq. feet:1208

Previous Sales:
Sold on 2005-10-24 for $297,000



5xx2 Robertson Ave
Carmichael, CA 95608
Down Payment: None
Loan Balance: $291,397
Net Profit/Loss: $33,638
Refi: Yes
Asking Price: $349,500
Bedrooms:3    Baths: 2    Sq. feet:1104

Previous Sales:
Sold on 2004-09-09 for $272,500



1xx1 Entrada Rd
Sacramento, CA 95864
Down Payment: $113,800
Loan Balance: $446,321
Net Profit/Loss: $35,032
Refi: No
Asking Price: $639,950
Bedrooms:3    Baths: 2    Sq. feet:1631

Previous Sales:
Sold on 2005-02-03 for $569,000



5xx6 Kokomo Dr
Sacramento, CA 95835
Down Payment: None
Loan Balance: $409,450
Net Profit/Loss: $36,020
Refi: No
Asking Price: $479,000
Bedrooms:4    Baths: 2    Sq. feet:2132

Previous Sales:
Sold on 2005-05-11 for $416,000



1xx1 Elderwood Dr
Galt, CA 95632
Down Payment: $55,000
Loan Balance: $264,220
Net Profit/Loss: $38,830
Refi: Yes
Asking Price: $385,000
Bedrooms:3    Baths: 2    Sq. feet:1428

Previous Sales:
Sold on 2004-12-17 for $325,000



8xx4 Kingsdale Way
Sacramento, CA 95823
Down Payment: None
Loan Balance: $299,772
Net Profit/Loss: $39,678
Refi: No
Asking Price: $365,000
Bedrooms:3    Baths: 2    Sq. feet:1663

Previous Sales:
Sold on 2004-10-25 for $307,000



8xx8 Shadow Crest Cir
Antelope, CA 95843
Down Payment: $35,900
Loan Balance: $316,402
Net Profit/Loss: $42,948
Refi: No
Asking Price: $425,000
Bedrooms:4    Baths: 2    Sq. feet:1921

Previous Sales:
Sold on 2005-01-03 for $359,000



9xx9 Prairie Dunes Way
Sacramento, CA 95829
Down Payment: $20,750
Loan Balance: $389,784
Net Profit/Loss: $44,236
Refi: No
Asking Price: $489,000
Bedrooms:3    Baths: 2    Sq. feet:1654

Previous Sales:
Sold on 2005-09-06 for $415,000



4xx0 53rd St
Sacramento, CA 95820
Down Payment: $200,000
Loan Balance: $58,372
Net Profit/Loss: $47,598
Refi: No
Asking Price: $329,000
Bedrooms:2    Baths: 1    Sq. feet:1136

Previous Sales:
Sold on 2004-07-30 for $260,000



5xx Given St
Folsom, CA 95630
Down Payment: $60,500
Loan Balance: $335,817
Net Profit/Loss: $49,153
Refi: Yes
Asking Price: $479,000
Bedrooms:4    Baths: 3    Sq. feet:1998

Previous Sales:
Sold on 2004-10-19 for $404,500



5xx4 Amnest Way
Sacramento, CA 95835
Down Payment: $68,900
Loan Balance: $269,278
Net Profit/Loss: $52,422
Refi: No
Asking Price: $420,000
Bedrooms:3    Baths: 3    Sq. feet:1875

Previous Sales:
Sold on 2005-03-24 for $343,000



3xx0 44th St
Sacramento, CA 95820
Down Payment: $54,875
Loan Balance: $161,901
Net Profit/Loss: $52,915
Refi: No
Asking Price: $289,990
Bedrooms:3    Baths: 2    Sq. feet:1061

Previous Sales:
Sold on 2004-08-10 for $138,000
Sold on 2005-04-20 for $219,500



8xx8 Newbridge Way
Citrus Heights, CA 95610
Down Payment: $79,540
Loan Balance: $312,486
Net Profit/Loss: $53,444
Refi: No
Asking Price: $479,000
Bedrooms:5    Baths: 3    Sq. feet:2200

Previous Sales:
Sold on 2004-02-25 for $330,000
Sold on 2005-06-23 for $396,500



2xx9 Broad River Ct
Rancho Cordova, CA 95670
Down Payment: $21,500
Loan Balance: $285,441
Net Profit/Loss: $53,806
Refi: Yes
Asking Price: $387,900
Bedrooms:4    Baths: 2    Sq. feet:1590

Previous Sales:
Sold on 2004-08-31 for $314,500



7xx3 25th St
Sacramento, CA 95832
Down Payment: $25,000
Loan Balance: $222,910
Net Profit/Loss: $54,339
Refi: No
Asking Price: $324,999
Bedrooms:3    Baths: 2    Sq. feet:1252

Previous Sales:
Sold on 2005-11-01 for $250,000



3xx5 Parque Way
Sacramento, CA 95835
Down Payment: $91,860
Loan Balance: $361,583
Net Profit/Loss: $57,964
Refi: No
Asking Price: $549,900
Bedrooms:4    Baths: 3    Sq. feet:2618

Previous Sales:
Sold on 2005-05-27 for $459,000



7xx4 Pixcroft Ct
Sacramento, CA 95842
Down Payment: None
Loan Balance: $248,432
Net Profit/Loss: $58,468
Refi: Yes
Asking Price: $330,000
Bedrooms:3    Baths: 2    Sq. feet:1128

Previous Sales:
Sold on 2004-09-01 for $250,000



2xx9 Lansing Way
Sacramento, CA 95825
Down Payment: $23,250
Loan Balance: $196,482
Net Profit/Loss: $58,803
Refi: No
Asking Price: $299,500
Bedrooms:3    Baths: 1    Sq. feet:1200

Previous Sales:
Sold on 2005-06-29 for $222,500



7xx4 Gladwin Way
Elk Grove, CA 95757
Down Payment: $185,650
Loan Balance: $428,327
Net Profit/Loss: $60,180
Refi: No
Asking Price: $724,900
Bedrooms:5    Baths: 4    Sq. feet:4097

Previous Sales:
Sold on 2005-09-30 for $618,500



2xx2 16th St
Sacramento, CA 95818
Down Payment: None
Loan Balance: $397,644
Net Profit/Loss: $62,706
Refi: No
Asking Price: $495,000
Bedrooms:3    Baths: 2    Sq. feet:1640

Previous Sales:
Sold on 2005-07-15 for $375,000



3xx8 Cypress St
Sacramento, CA 95838
Down Payment: $21,000
Loan Balance: $176,086
Net Profit/Loss: $63,313
Refi: No
Asking Price: $279,999
Bedrooms:4    Baths: 2    Sq. feet:1200

Previous Sales:
Sold on 2005-04-27 for $200,000



1xx09 Machico Way
Elk Grove, CA 95757
Down Payment: $41,137
Loan Balance: $359,087
Net Profit/Loss: $63,846
Refi: No
Asking Price: $499,000
Bedrooms:4    Baths: 2    Sq. feet:2379

Previous Sales:
Sold on 2005-01-25 for $407,500



7xx7 Manorside Dr
Sacramento, CA 95832
Down Payment: None
Loan Balance: $310,728
Net Profit/Loss: $70,559
Refi: Yes
Asking Price: $409,986
Bedrooms:4    Baths: 2    Sq. feet:1777

Previous Sales:
Sold on 2004-11-16 for $297,500



5xx2 U St
Sacramento, CA 95817
Down Payment: None
Loan Balance: $243,471
Net Profit/Loss: $71,799
Refi: Yes
Asking Price: $339,000
Bedrooms:2    Baths: 1    Sq. feet:720

Previous Sales:
Sold on 2005-04-27 for $125,000



7xx7 Caceres Way
Sacramento, CA 95823
Down Payment: $3,000
Loan Balance: $280,486
Net Profit/Loss: $74,564
Refi: Yes
Asking Price: $385,000
Bedrooms:3    Baths: 2    Sq. feet:1738

Previous Sales:
Sold on 2004-08-24 for $291,000



3xx8 Mas Amilos Way
Sacramento, CA 95835
Down Payment: $193
Loan Balance: $394,139
Net Profit/Loss: $75,317
Refi: No
Asking Price: $504,999
Bedrooms:3    Baths: 2    Sq. feet:2078

Previous Sales:
Sold on 2005-03-17 for $401,500



1xx2 Bridgecreek Dr
Sacramento, CA 95833
Down Payment: None
Loan Balance: $286,085
Net Profit/Loss: $75,685
Refi: No
Asking Price: $389,000
Bedrooms:3    Baths: 2    Sq. feet:1492

Previous Sales:
Sold on 2004-08-04 for $294,000



2xx7 Harris Ave
Sacramento, CA 95838
Down Payment: $9,000
Loan Balance: $235,257
Net Profit/Loss: $76,593
Refi: No
Asking Price: $345,000
Bedrooms:3    Baths: 2    Sq. feet:1346

Previous Sales:
Sold on 2004-10-18 for $250,000



6xx6 Carreta Ln
Rancho Murieta, CA 95683
Down Payment: $16,250
Loan Balance: $306,104
Net Profit/Loss: $76,616
Refi: No
Asking Price: $429,000
Bedrooms:2    Baths: 2    Sq. feet:1447

Previous Sales:
Sold on 2003-08-14 for $220,000
Sold on 2005-11-21 for $325,000



8xx3 Santa Ridge Cir
Elk Grove, CA 95624
Down Payment: $41,000
Loan Balance: $359,419
Net Profit/Loss: $78,531
Refi: No
Asking Price: $515,000
Bedrooms:5    Baths: 2    Sq. feet:2090

Previous Sales:
Sold on 2004-08-27 for $410,000



3xx5 Portsmouth Dr
Rancho Cordova, CA 95670
Down Payment: None
Loan Balance: $226,978
Net Profit/Loss: $79,922
Refi: No
Asking Price: $330,000
Bedrooms:3    Baths: 2    Sq. feet:1280

Previous Sales:
Sold on 2005-07-19 for $230,000



6xxDesertwood Ct
Sacramento, CA 95823
Down Payment: $23,500
Loan Balance: $207,075
Net Profit/Loss: $85,625
Refi: No
Asking Price: $340,000
Bedrooms:3    Baths: 2    Sq. feet:1599

Previous Sales:
Sold on 2005-06-28 for $233,500



1xx40 Browning St
Elverta, CA 95626
Down Payment: None
Loan Balance: $695,419
Net Profit/Loss: $85,781
Refi: No
Asking Price: $840,000
Bedrooms:5    Baths: 2    Sq. feet:2600

Previous Sales:
Sold on 2005-07-07 for $705,000



3xx Montrose Dr
Folsom, CA 95630
Down Payment: None
Loan Balance: $425,130
Net Profit/Loss: $86,370
Refi: Yes
Asking Price: $550,000
Bedrooms:2    Baths: 1    Sq. feet:1826

Previous Sales:
Sold on 2004-08-25 for $188,000



1xx Woodview Ct
Folsom, CA 95630
Down Payment: $278,000
Loan Balance: $378,606
Net Profit/Loss: $87,394
Refi: No
Asking Price: $800,000
Bedrooms:4    Baths: 2    Sq. feet:3616

Previous Sales:
Sold on 2004-12-10 for $665,000



1xx9 38th Ave
Sacramento, CA 95822
Down Payment: $21,500
Loan Balance: $191,661
Net Profit/Loss: $93,274
Refi: No
Asking Price: $329,500
Bedrooms:2    Baths: 1    Sq. feet:1270

Previous Sales:
Sold on 2005-10-26 for $215,000



1xx49 Beckley Way
Elk Grove, CA 95757
Down Payment: $44,835
Loan Balance: $392,792
Net Profit/Loss: $97,949
Refi: No
Asking Price: $575,888
Bedrooms:5    Baths: 3    Sq. feet:3026

Previous Sales:
Sold on 2004-11-30 for $446,500



7xx8 Stevenson Ave
Sacramento, CA 95828
Down Payment: $75,000
Loan Balance: $148,312
Net Profit/Loss: $101,258
Refi: No
Asking Price: $349,000
Bedrooms:2    Baths: 1    Sq. feet:902

Previous Sales:
Sold on 2005-09-08 for $225,000



1xx1 Bayer Ct
Folsom, CA 95630
Down Payment: $300
Loan Balance: $422,313
Net Profit/Loss: $102,837
Refi: No
Asking Price: $565,000
Bedrooms:4    Baths: 3    Sq. feet:2347

Previous Sales:
Sold on 2004-08-20 for $434,000



3xx Santiago Ave
Sacramento, CA 95815
Down Payment: None
Loan Balance: $221,454
Net Profit/Loss: $104,046
Refi: No
Asking Price: $350,000
Bedrooms:2    Baths: 1    Sq. feet:1016

Previous Sales:
Sold on 2005-03-15 for $225,500



7xx6 Beja Ct
Elk Grove, CA 95757
Down Payment: $67,962
Loan Balance: $600,745
Net Profit/Loss: $129,233
Refi: No
Asking Price: $858,000
Bedrooms:5    Baths: 4    Sq. feet:3995

Previous Sales:
Sold on 2005-07-28 for $676,500



1xx80 Rising Rd
Wilton, CA 95693
Down Payment: None
Loan Balance: $728,190
Net Profit/Loss: $136,710
Refi: Yes
Asking Price: $930,000
Bedrooms:3    Baths: 2    Sq. feet:1755

Previous Sales:
Sold on 2004-09-15 for $690,000



1xx46 Woodring Dr
Mather, CA 95655
Down Payment: None
Loan Balance: $418,549
Net Profit/Loss: $185,951
Refi: No
Asking Price: $650,000
Bedrooms:5    Baths: 3    Sq. feet:4062

Previous Sales:
Sold on 2004-08-11 for $430,000



9xx5 Harvey Rd
Galt, CA 95632
Down Payment: $32,800
Loan Balance: $521,188
Net Profit/Loss: $189,082
Refi: Yes
Asking Price: $799,000
Bedrooms:3    Baths: 2    Sq. feet:1851

Previous Sales:
Sold on 2005-01-04 for $565,000



6xx3 Grant Line Rd
Sloughhouse, CA 95683
Down Payment: $133,000
Loan Balance: $521,182
Net Profit/Loss: $368,818
Refi: No
Asking Price: $1,100,000
Bedrooms:4    Baths: 3    Sq. feet:2626

Previous Sales:
Sold on 2005-01-13 for $665,000



4xx1 Paula Way
Fair Oaks, CA 95628
Down Payment: $45,705
Loan Balance: $532,811
Net Profit/Loss: $630,484
Refi: Yes
Asking Price: $1,300,000
Bedrooms:3    Baths: 3    Sq. feet:3000

Previous Sales:
Sold on 2005-06-30 for $586,000


Total 124

7 comments :

Anonymous said...

Nicely done, Max!

Max said...

Hey, idaho! Still keeping the torches burning at housingbubblecasualty?

Anonymous said...

Can you add the lender info? So we can see which lenders are losing the most money.

Anonymous said...

Wow, that last house, whats up with that? They actually think that house is worth 1.3 mill? Lots of loss in this market :-/

Max said...

You can tell the dude is dreaming. This is an example of "false inventory". Just somebody trying to get lucky.

Come to think of it, I should do a post on listings like these... :)

Anonymous said...

Lots of dreamers thinking they can flip their way to riches.

NOT!

Booooooooooyaaaaaaaaa

Bob

Anonymous said...

Heya Max,

I check the FB site occasionally but don't post there very often - the blog petered out when SoCalMtgGuy changed careers.

I dig your new blog though. Excellent data analysis! Good stuff. Subscribed... Take it easy bro!