4S Ranch- SFR 300 sq foot under 700K?

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Submitted by 4spotentialbuyer on December 27, 2007 - 5:49pm

9881 FOX MEADOW RD, SD - Rancho Bernardo, CA 92127
MLS #: 076079548

This listing has a variable range of 699,000 - $849,000. It looks like prices in 4S Ranch may finally be coming down. Realtors--any idea on how much is owed on this property and if it is one of those 5 year ARM reset? It sold for on 12/10/2002 for $535,845. It would be interesting to watch what this will sell for and if we will be heading to 2002 prices in the next year. It has been on the market for 83 days. I'm waiting to see if 3000 sq ft homes in 4S Ranch will reach the 600-700K range...

Submitted by SD Realtor on December 27, 2007 - 6:23pm.

Hard to say what he owes on it. There are several recordings on the tax roll including a 487k in 04 and another 233 later in 04. These are subsequent to two smaller ones of 75k and 60k in 04. No telling what sort of financing vehicles were used.

SD Realtor

Submitted by ocrenter on December 27, 2007 - 6:35pm.

perfect example of range pricing that turns buyers off. if you pull $699,000 to $849,000, exactly how much do you really want? definately not $700k because your range a $150k spread all the way up to $850k.

so why should a buyer waste his time submitting offers to this guy?

Submitted by VoZangre on December 27, 2007 - 7:29pm.

OC's got a good point....

perhaps it's just the desire to get someone searching with criteria BELOW 700k to even LOOK at the listing...

ciao for now...

Voz

Submitted by Navydoc on December 27, 2007 - 7:57pm.

I'm absolutely sure you are right VoZangre.

Before this site directed me to SD Lookup I used to do search ranges on RE sites all the time. Sometimes I'd use $800,000 as my upper limit, and a propertu like this would sure show up.

Range pricing is one of the many things I expect to become extinct during the resolution of the housing bubble. It fools nobody. I loved TG's response to SDR's lowball offer and subsequnt counter. Shows you just how serious the seller's low range was.

Submitted by flu on December 27, 2007 - 9:17pm.

I got an idea. Why don't a few of us collude and each offer a lowball offer. Or would that just make the seller feel like there's a lot of demand? 

selfportrait

----- Sour grapes for everyone!

Submitted by VoZangre on December 27, 2007 - 9:43pm.

Collusion...

actually... I think it'd be pretty damnbed funny to have a few folks here bombard a single seller with a lowball offers...

thing is, we'd need to hire someone to plant a mic or hidden cam so we could gather round our moderately priced glasses of wine and chortle like devilish sunsaguns that we are...

en vino veritas...

Submitted by Navydoc on December 27, 2007 - 9:48pm.

The only real problem is I'm not quite ready to buy yet. What if my offer gets accepted?

Submitted by ocrenter on December 27, 2007 - 10:06pm.

navydoc, you can go in with $400k offer. each of the other offers will be slightly higher, max'ing out at $535,845.

Submitted by 4spotentialbuyer on February 5, 2008 - 12:19am.

17317 Ralphs Ranch Rd, San Diego, 92127 -mls#81006838

What is going on with this home? Originally listed for 699K than after about a week, price increased to 735K.

Submitted by SD Realtor on February 5, 2008 - 12:49am.

Perhaps they got some feedback from the lender that the BPO came in higher then the original listing price so they repriced it so as not to waste anyones time. It is a short sale.

SD Realtor