San Diego Housing Market News and Analysis
Mandolin Del Sur *again*
User Forum Topic
Submitted by 92127wannabe on November 6, 2012 - 6:27pm
There was a 3/2.5 short sale on Kern Crescent in Del Sur that closed on 11/2 for $475k. Bridgewalk, 1700sqft.
My wife is afraid that the market is going to get away from us and the good stuff in our sweet spot is quickly rising out of our range. We are looking in the $400-520k range.
We've looked at places in Scripps, Sabre Springs, CMR, RB and CV.
I'd rather not live in a condo, but Mandolin is becoming more and more appealing. I'm hoping that I don't have tunnel vision.
We looked at 8547 Old Stonefield Chase, Plan 1 and its decent...I actually liked it.
Looking at recent past sales and trying to approximate the PropTax+MR percentage, I am coming up with a number of about 2.15% of the Sales Price/ Assesed Valuation for DelSur and 1.85% for 4S. Pretty damn ridiculous. Especially when you can limit yourself to ~1.15% in CMR.
Are we being dumb for even considering Del Sur?
I'm looking for a unicorn like the Kern Crescent pad, but with current market conditions, I'm afraid it doesn't exist.
Piggs, I need your assistance.
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