San Diego Housing Bubble News and Analysis

whole kitchen removed

Since the house was built in 1959, I would assume that w/out any remodeling, most of the kitchen would need to be updated by now anyways, so that might be a blessing in disguise :-).

Didn't the fires go right through there?

Listing says it's a 4/2, but it's really a 3/2. It looks remarkably small for 1900 sf. (More like 1300, if you ask me) There is an unpermitted addition of a couple of small rooms in the back. The kitchen is indeed completely missing. They took out everything, including sink and cabinets. Most windows in the rear are missing, holes are covered with boards.

There's a big pool in the backyard, it's in good condition.

MLS listing says that the have 8 offers already, listing agent told me that she can't name specific numbers but the highest bid is considerably higher than the listing price.

Didn't the fires go right through there?
The fires didn't go anywhere near there, it's west of I-15 and roughly 2 miles north of Lake Hodges.

What are "bull nose corners" and why are they considered an improvement? I'm somewhat familiar with remodeling, but don't know that term and am seeing it more and more. Sorry for being "duh."

That's happening a lot in Escondido. My parents let go of our house just down the street from this one in 1999 for ~200k. During the boom with 2 sales it shot up through 460k then foreclosed on the last buyer. They gutted it, let the pool go to crap and blasted out windows and walls probably in anger. Now the bank is trying to sell it at mid 200s. I wouldn't pay 50k for it with the amount of work needed but the mentality of the market hasn't gone that far... yet.

TuVu,

It can mean a couple different things depending on what you are talking about. If it is the crown molding it means where there was a 90 degree corner it is clipped off with a piece that makes the turn into two 45 degree corners. The same thing applies with counter tops and baseboards. It is just a cosmetic thing. I have also seen it used to describe the metal edge that you put on the 90 degree corner when you are doing drywall. Although this is cosmetic, it gives you a really nice clean line after you mud the whole thing in and it makes it more difficult to ding the corner. Pretty much everyone uses them from what I have seen.

I was expecting something like that crap apartment/house thing in North East Dido, but this is really low for the location regardless of the condition. It'll be interesting to see what it goes for.