Today's property is located in the city of Camarillo (Ventura County) , and is part 1 of a two part series called Something Old and Something New. Since this home was built in 1964, it should be obvious that it's the Something Old. Let's get started ...
Type: SFRStatus: Active
MLS#: 80009684
Sq. Ft.: 1,792
Lot Size: 6,621 sqft
Year Built: 1964
Beds: 4
Baths: 3
Stories: 2
On RedFin: 6 days
Description
Look at all the potential here! Great floor plan, central Camarillo location, nice location in neighborhood, nice size back yard, this home needs a kitchen and some updating. Bring your ideas and see what can be done here! This home already has some tile & laminate wood flooring down stairs. Most windows have been replaced with dual pane windows.
Sales History
| Date | Sold Price | Gross Gain | Change ($) | Change (%) |
| 06/02/94 | $189,500 | N/A | N/A | N/A |
| 11/11/05 | $740,000 | +$550,000 | +$550,000 |  290.50% |
| 06/26/08 | $427,000 | +$237,500 | -$313,000 |  42.30% |
I continue to be amazed at the prices will go up forever mentality that people had during the Great Housing Bubble, and today's home is living proof of that flawed logic.
Pricing History
| Date | Asking Price | Gross Gain | Change ($) | Change (%) |
| 05/15/08 | $424,900 | -$315,100 | -$315,100 | 42.58% |
Today's home is currently listed for $424,900; a 42.58% decline from what it sold for in November of 2005; thus, it seems the seller has been made very aware that the market is a much different place than the one they bought in. Unfortunately, looking at what's available on the MLS, that home is still priced to sit as opposed to being priced to sell.
UPDATE 06/26: This property has been sold for $427,000.
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