So lets look at a few of these. I believe these are all REO properties. Some short sales are listed even lower. I found one listed at $27 s/f. The listing price on these homes is so low that your electric bill is likely to be higher than your house payment in the summer.
At some point even San Jacinto must start to look good. I mean at these prices you can have a nice big house and not even have to worry about your job. Does it make more sense to buy one of these, pay it off in 10 years and then just kick back for the rest of your life. Or does in make more sense to spend double that to live in Corona and work for the next 20 or 30 years to pay it off. If you have a 20% down saved for a decent house in Corona you could nearly pay for one of these homes. Put $100k down and pay off the other $50k in 5 years. Then kick back with the rest of the rednecks and work on your monster truck. Yea haw....
295 Northwood ave. 3042 s/f, 4 bedroom, 3 bath home. Sold new for $366,500. Now listed for $149k, or $49 s/f.
2989 Crooked Branch. 3322 s/f, 5 bedroom 3 bath. Sold new for $390k. Now listed for $162k or $49 s/f
640 Drake St, 3148 s/f, 5 bedroom, 4 bath. Sold new for $423k. This one is now listed for $153K or $49 s/f. And this one has a pool!
Still too expensive for you, how about $41 s/f?
1374 Willowstone Ct is 3802 s/f and has 5 bedrooms and 3 baths. This one sold new for $410k. Its now listed for $155k or $41 s/f. And it's a nice looking house!
Just around the corner at 1429 Lynden Trails there is a model match listed for $170k or $45 s/ft
