Penasquitos Cul-de-sac activity

User Forum Topic
Submitted by udpumpkin on May 15, 2009 - 3:51pm

I have been looking at houses in the Penasquitos area a little and found a place I was interested in on Celtic Ct. One of the positive attributes of the house was the open space behind it. After a little research on the internet, I found out that they were building a couple of three story behemoths (4,800 sq ft) on said 'open space'. I decided not to pursue the house after finding this out.

The house ended up going into escrow fairly quickly, too. Recently, an adjacent house in Celtic Ct. has hit the MLS. Could this be a coincidence?

After a little more research, I found out that the neighborhood tried to prevent the builders from obtaining the necessary permits. They lost this past February.

Anyway, my questions are: 1) is a real estate agent or seller obligated to disclose information regarding the use of the adjacent open space?;

2) I don't have a realtor yet, but should I expect my future realtor to be aware of these issues (maybe this is why you hire someone that specializes in an area)?;

3) What kind of discount would people take off of the value of the home once the open space is lost (I know this will vary greatly by person, but just curious)?

Here are the houses:
http://www.sdlookup.com/Property-AB8F2AC...

http://www.sandiegoexperts.com/inc/pmisc...

http://www.sdlookup.com/MLS-090028283-85...

The name of the development is Torrey Brooke II:
http://docs.sandiego.gov/councildockets/...

‹ Is this a sham? how do you know if a listing is a short-sale? ›
Wow, great research. Good
Submitted by duncbdunc on May 15, 2009 - 5:19pm.

Wow, great research. Good thing you didn't buy it. I wouldn't want to discover this news six months from now when the bulldozer rolls in at 7am.

There are at least two clues
Submitted by svelte on May 15, 2009 - 7:32pm.

There are at least two clues that housing has been considered on that land for awhile.

The first clue is La Harira Court. It is indeed a cul-de-sac on the end away from the vacant land. It is a dead end where it runs into the vacant lot. When a normal street just ends suddenly (no cul-de-sac), it usually means that someone intends on extending that street at some point in the future.

The second clue is more subtle but it is still there. The shots of 8561 Celtic show a decent view over the pool, across the vacant land, and to the mountains off in the distance. But you'll notice the owners have decided to line bushes and trees that grow tall up against that fence line and it is slowly but surely obscuring the view.

Normally, folks with a view preserve it at practically any cost. Only those wishing to block an undesireable view line up bushes and trees like that.

That leads me to believe they've known for quite some time that something would be built on that land eventually.

When shopping for a house be
Submitted by DataAgent on May 15, 2009 - 7:40pm.

When shopping for a house be careful who you trust. The seller / agent of the Celtic Ct property should have disclosed the Torrey Brooke development. But what if they didn't? Would you sue them? For how much? What monetary damages did you incur?

Here's the San Diego Development Services website:
http://www.sandiego.gov/development-serv...

When you are considering the purchase of any real estate, check the zoning for all adjacent properties. You can submit an address and get a detailed zoning map for that area right online. You can also ask the city to tell you about all planned and proposed development around a specific address.

If you buy in a development a
Submitted by PadreBrian on May 15, 2009 - 11:03pm.

If you buy in a development a master plan will come with the papers you have to sign.

Some friends of ours looked
Submitted by udpumpkin on May 17, 2009 - 8:43pm.

Some friends of ours looked at the house the other day. The fact that there will be homes going up on the lot behind the house was not disclosed. Maybe it doesn't have to be.

At what point in the process are the 'papers' of the master plan disclosed to the buyers? If at close, then that is less than optimal.

I guess the moral of the story is to do your homework on the status of any surrounding lots because you can't count on the selling agent or your agent to do it for you (not that anyone should be surprised by this).

yeah, at close. But, a good
Submitted by PadreBrian on May 18, 2009 - 12:00am.

yeah, at close. But, a good agent can tell you where to go to find the plans though.