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  • February 13, 2008 at 3:28 PM #11812
    University City Renter
    Participant

    Greetings all,

    I found the below house on redfin.

    http://www.redfin.com/stingray/do/printable-property?external_id=4570344

    It’s a stand-alone house in Mira Mesa, 3 bedrooms, 1 bathroom that sold in Dec. of ’07 for $198,000. It doesn’t look like there is anything wrong with it; I was just pleasantly surprised to see the sales price. Is there anywhere else to check to confirm that this isn’t a typo?
    If it is true, this maybe a recent record. I’d have to do some number crunching but at that price: mortgage and taxes may be close to my rent now. Perhaps the time is coming soon for me to own my first house. What do you think?
    Thanks!

    February 13, 2008 at 3:35 PM #152807
    SD Realtor
    Participant

    Look at who the buyers and sellers were. It was family. It also is not a full title transfer, only a partial transfer.

    Redfin causes me more work then zillow does these days.

    SD Realtor

    February 13, 2008 at 3:35 PM #153082
    SD Realtor
    Participant

    Look at who the buyers and sellers were. It was family. It also is not a full title transfer, only a partial transfer.

    Redfin causes me more work then zillow does these days.

    SD Realtor

    February 13, 2008 at 3:35 PM #153084
    SD Realtor
    Participant

    Look at who the buyers and sellers were. It was family. It also is not a full title transfer, only a partial transfer.

    Redfin causes me more work then zillow does these days.

    SD Realtor

    February 13, 2008 at 3:35 PM #153106
    SD Realtor
    Participant

    Look at who the buyers and sellers were. It was family. It also is not a full title transfer, only a partial transfer.

    Redfin causes me more work then zillow does these days.

    SD Realtor

    February 13, 2008 at 3:35 PM #153184
    SD Realtor
    Participant

    Look at who the buyers and sellers were. It was family. It also is not a full title transfer, only a partial transfer.

    Redfin causes me more work then zillow does these days.

    SD Realtor

    February 13, 2008 at 3:36 PM #152812
    an
    Participant

    @ $198k w/ 0% down w/ 5.25% interest, P&I = $1100/month & PITI would be about $1300/month. This house can easily rent for $1400-1500/month since most 2bed/2bath apt are going for $1300-1500/month in Mira Mesa.

    February 13, 2008 at 3:36 PM #153087
    an
    Participant

    @ $198k w/ 0% down w/ 5.25% interest, P&I = $1100/month & PITI would be about $1300/month. This house can easily rent for $1400-1500/month since most 2bed/2bath apt are going for $1300-1500/month in Mira Mesa.

    February 13, 2008 at 3:36 PM #153089
    an
    Participant

    @ $198k w/ 0% down w/ 5.25% interest, P&I = $1100/month & PITI would be about $1300/month. This house can easily rent for $1400-1500/month since most 2bed/2bath apt are going for $1300-1500/month in Mira Mesa.

    February 13, 2008 at 3:36 PM #153113
    an
    Participant

    @ $198k w/ 0% down w/ 5.25% interest, P&I = $1100/month & PITI would be about $1300/month. This house can easily rent for $1400-1500/month since most 2bed/2bath apt are going for $1300-1500/month in Mira Mesa.

    February 13, 2008 at 3:36 PM #153190
    an
    Participant

    @ $198k w/ 0% down w/ 5.25% interest, P&I = $1100/month & PITI would be about $1300/month. This house can easily rent for $1400-1500/month since most 2bed/2bath apt are going for $1300-1500/month in Mira Mesa.

    February 13, 2008 at 3:55 PM #152832
    University City Renter
    Participant

    thanks all,

    I knew it was too good to be true. Maybe prices will get this low and be the norm before the bust is all over.

    February 13, 2008 at 3:55 PM #153107
    University City Renter
    Participant

    thanks all,

    I knew it was too good to be true. Maybe prices will get this low and be the norm before the bust is all over.

    February 13, 2008 at 3:55 PM #153110
    University City Renter
    Participant

    thanks all,

    I knew it was too good to be true. Maybe prices will get this low and be the norm before the bust is all over.

    February 13, 2008 at 3:55 PM #153133
    University City Renter
    Participant

    thanks all,

    I knew it was too good to be true. Maybe prices will get this low and be the norm before the bust is all over.

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