Palacio Del Mar – Piggington's Econo-Almanac

This topic has 35 replies, 3 voices, and was last updated 15 years, 11 months ago by Daniel.

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November 28, 2008 at 4:08 PM #14531

SD Realtor
Participant

You may have already seen this one FLU.

It is an REO on Caminito Exquisita priced at 699k. Not a bad reduction considering the area. Sold for 925k (100% financing) not long ago. There was a ton of traffic. The home is not in great condition but it is all cosmetic.

It will be interesting to see what the final sale is at but given the traffic I saw today it will most likely be overbid. I am sure the other acitves in the subdivision are none to happy but will sadly remain sticky nonetheless.

November 28, 2008 at 4:29 PM #309695

Daniel
Participant

SDR,

I’ve seen that one as well. Palacio isn’t my cup of tea, though.

But since you seem to be very knowledgeable about the CV submarket, could I ask you what’s the deal with 13025 Candela? It’s been on and off the market, listed at around $700K for quite some time now. I think it’s been listed at least 3 times in the past year. What’s wrong with it (apart from the weird floorplan)? At $700K, it should have moved by now. I’m very surprised it’s still sitting.

November 28, 2008 at 4:29 PM #310058

Daniel
Participant

SDR,

I’ve seen that one as well. Palacio isn’t my cup of tea, though.

But since you seem to be very knowledgeable about the CV submarket, could I ask you what’s the deal with 13025 Candela? It’s been on and off the market, listed at around $700K for quite some time now. I think it’s been listed at least 3 times in the past year. What’s wrong with it (apart from the weird floorplan)? At $700K, it should have moved by now. I’m very surprised it’s still sitting.

November 28, 2008 at 4:29 PM #310082

Daniel
Participant

SDR,

I’ve seen that one as well. Palacio isn’t my cup of tea, though.

But since you seem to be very knowledgeable about the CV submarket, could I ask you what’s the deal with 13025 Candela? It’s been on and off the market, listed at around $700K for quite some time now. I think it’s been listed at least 3 times in the past year. What’s wrong with it (apart from the weird floorplan)? At $700K, it should have moved by now. I’m very surprised it’s still sitting.

November 28, 2008 at 4:29 PM #310102

Daniel
Participant

SDR,

I’ve seen that one as well. Palacio isn’t my cup of tea, though.

But since you seem to be very knowledgeable about the CV submarket, could I ask you what’s the deal with 13025 Candela? It’s been on and off the market, listed at around $700K for quite some time now. I think it’s been listed at least 3 times in the past year. What’s wrong with it (apart from the weird floorplan)? At $700K, it should have moved by now. I’m very surprised it’s still sitting.

November 28, 2008 at 4:29 PM #310165

Daniel
Participant

SDR,

I’ve seen that one as well. Palacio isn’t my cup of tea, though.

But since you seem to be very knowledgeable about the CV submarket, could I ask you what’s the deal with 13025 Candela? It’s been on and off the market, listed at around $700K for quite some time now. I think it’s been listed at least 3 times in the past year. What’s wrong with it (apart from the weird floorplan)? At $700K, it should have moved by now. I’m very surprised it’s still sitting.

November 28, 2008 at 11:22 PM #309750

SD Realtor
Participant

Hi Daniel

Actually there is not much in Carmel Valley that is my taste either but lots of clients really like it there. The people I showed today have decided to submit an offer on it.

Anyways I have not been into the Candela home. I really like the area to the north off of Newcrest and Landfair. Kind of pricey there though. Anyways like you said Candela has been listed and relisted quite a few times already. However it could very well be that the lender simply did not accept some of the offers submitted. Also note that over 18 months ago 13073 closed at 830k and 13003 closed at 775k. So yeah I do agree that at 700k it should have moved by now. Although there could be other liens that the lender does not want to cover. So you just never know. As you said though, there could be something wrong with the home itself.

November 28, 2008 at 11:22 PM #310220

SD Realtor
Participant

Hi Daniel

Actually there is not much in Carmel Valley that is my taste either but lots of clients really like it there. The people I showed today have decided to submit an offer on it.

Anyways I have not been into the Candela home. I really like the area to the north off of Newcrest and Landfair. Kind of pricey there though. Anyways like you said Candela has been listed and relisted quite a few times already. However it could very well be that the lender simply did not accept some of the offers submitted. Also note that over 18 months ago 13073 closed at 830k and 13003 closed at 775k. So yeah I do agree that at 700k it should have moved by now. Although there could be other liens that the lender does not want to cover. So you just never know. As you said though, there could be something wrong with the home itself.

November 28, 2008 at 11:22 PM #310113

SD Realtor
Participant

Hi Daniel

Actually there is not much in Carmel Valley that is my taste either but lots of clients really like it there. The people I showed today have decided to submit an offer on it.

Anyways I have not been into the Candela home. I really like the area to the north off of Newcrest and Landfair. Kind of pricey there though. Anyways like you said Candela has been listed and relisted quite a few times already. However it could very well be that the lender simply did not accept some of the offers submitted. Also note that over 18 months ago 13073 closed at 830k and 13003 closed at 775k. So yeah I do agree that at 700k it should have moved by now. Although there could be other liens that the lender does not want to cover. So you just never know. As you said though, there could be something wrong with the home itself.

November 28, 2008 at 11:22 PM #310137

SD Realtor
Participant

Hi Daniel

Actually there is not much in Carmel Valley that is my taste either but lots of clients really like it there. The people I showed today have decided to submit an offer on it.

Anyways I have not been into the Candela home. I really like the area to the north off of Newcrest and Landfair. Kind of pricey there though. Anyways like you said Candela has been listed and relisted quite a few times already. However it could very well be that the lender simply did not accept some of the offers submitted. Also note that over 18 months ago 13073 closed at 830k and 13003 closed at 775k. So yeah I do agree that at 700k it should have moved by now. Although there could be other liens that the lender does not want to cover. So you just never know. As you said though, there could be something wrong with the home itself.

November 28, 2008 at 11:22 PM #310156

SD Realtor
Participant

Hi Daniel

Actually there is not much in Carmel Valley that is my taste either but lots of clients really like it there. The people I showed today have decided to submit an offer on it.

Anyways I have not been into the Candela home. I really like the area to the north off of Newcrest and Landfair. Kind of pricey there though. Anyways like you said Candela has been listed and relisted quite a few times already. However it could very well be that the lender simply did not accept some of the offers submitted. Also note that over 18 months ago 13073 closed at 830k and 13003 closed at 775k. So yeah I do agree that at 700k it should have moved by now. Although there could be other liens that the lender does not want to cover. So you just never know. As you said though, there could be something wrong with the home itself.

November 29, 2008 at 9:11 PM #310302

Coronita
Participant

Thanks SDR…

You mean this?
http://www.sdlookup.com/MLS-080079759-5295_Caminito_Exquisito_San_Diego_Ca_92130

$699k is good price. I wonder what the final price will be though….

I hope I’m not being unfair with my comment, but my personal preference, I wasn’t a big fan with this complex. I recall this complex very well. We looked in this area back in 2004. A lot of people for some reason were infactuated with a 9 hole golf course, and overlooked the extra $300/month HOA fee.

My concerns were:

1) Big HOA fees. I believe it’s close to $300/month.
At 6%, I think that’s close to $50k in borrowing. I’d rather spend $50k more on a home with $0 HOA or close to $0 (I’m sure I’m not counting this exactly correct though).

2) I wasn’t a big fan of the location. It’s off a 56 onramp, and in sunken valley. I have a little toddler and like a park, walkable distance to schools, malls,etc.

I hope I’m not being unfair, because what I don’t like other people might like, and vice versa. As such, as long as the inspections pass, I’m sure it’s fine.

Side note: we’ll see a few more of these here and there moving forward priced well. I’m willing to bet money my neighbor will be one of these that lose their home soon.

Side Side Note:

SDR, I still think your client that bought the home posted on OCRenter’s site got a good deal, for what it’s worth.

November 29, 2008 at 9:11 PM #310385

Coronita
Participant

Thanks SDR…

You mean this?
http://www.sdlookup.com/MLS-080079759-5295_Caminito_Exquisito_San_Diego_Ca_92130

$699k is good price. I wonder what the final price will be though….

I hope I’m not being unfair with my comment, but my personal preference, I wasn’t a big fan with this complex. I recall this complex very well. We looked in this area back in 2004. A lot of people for some reason were infactuated with a 9 hole golf course, and overlooked the extra $300/month HOA fee.

My concerns were:

1) Big HOA fees. I believe it’s close to $300/month.
At 6%, I think that’s close to $50k in borrowing. I’d rather spend $50k more on a home with $0 HOA or close to $0 (I’m sure I’m not counting this exactly correct though).

2) I wasn’t a big fan of the location. It’s off a 56 onramp, and in sunken valley. I have a little toddler and like a park, walkable distance to schools, malls,etc.

I hope I’m not being unfair, because what I don’t like other people might like, and vice versa. As such, as long as the inspections pass, I’m sure it’s fine.

Side note: we’ll see a few more of these here and there moving forward priced well. I’m willing to bet money my neighbor will be one of these that lose their home soon.

Side Side Note:

SDR, I still think your client that bought the home posted on OCRenter’s site got a good deal, for what it’s worth.

November 29, 2008 at 9:11 PM #310321

Coronita
Participant

Thanks SDR…

You mean this?
http://www.sdlookup.com/MLS-080079759-5295_Caminito_Exquisito_San_Diego_Ca_92130

$699k is good price. I wonder what the final price will be though….

I hope I’m not being unfair with my comment, but my personal preference, I wasn’t a big fan with this complex. I recall this complex very well. We looked in this area back in 2004. A lot of people for some reason were infactuated with a 9 hole golf course, and overlooked the extra $300/month HOA fee.

My concerns were:

1) Big HOA fees. I believe it’s close to $300/month.
At 6%, I think that’s close to $50k in borrowing. I’d rather spend $50k more on a home with $0 HOA or close to $0 (I’m sure I’m not counting this exactly correct though).

2) I wasn’t a big fan of the location. It’s off a 56 onramp, and in sunken valley. I have a little toddler and like a park, walkable distance to schools, malls,etc.

I hope I’m not being unfair, because what I don’t like other people might like, and vice versa. As such, as long as the inspections pass, I’m sure it’s fine.

Side note: we’ll see a few more of these here and there moving forward priced well. I’m willing to bet money my neighbor will be one of these that lose their home soon.

Side Side Note:

SDR, I still think your client that bought the home posted on OCRenter’s site got a good deal, for what it’s worth.

November 29, 2008 at 9:11 PM #310278

Coronita
Participant

Thanks SDR…

You mean this?
http://www.sdlookup.com/MLS-080079759-5295_Caminito_Exquisito_San_Diego_Ca_92130

$699k is good price. I wonder what the final price will be though….

I hope I’m not being unfair with my comment, but my personal preference, I wasn’t a big fan with this complex. I recall this complex very well. We looked in this area back in 2004. A lot of people for some reason were infactuated with a 9 hole golf course, and overlooked the extra $300/month HOA fee.

My concerns were:

1) Big HOA fees. I believe it’s close to $300/month.
At 6%, I think that’s close to $50k in borrowing. I’d rather spend $50k more on a home with $0 HOA or close to $0 (I’m sure I’m not counting this exactly correct though).

2) I wasn’t a big fan of the location. It’s off a 56 onramp, and in sunken valley. I have a little toddler and like a park, walkable distance to schools, malls,etc.

I hope I’m not being unfair, because what I don’t like other people might like, and vice versa. As such, as long as the inspections pass, I’m sure it’s fine.

Side note: we’ll see a few more of these here and there moving forward priced well. I’m willing to bet money my neighbor will be one of these that lose their home soon.

Side Side Note:

SDR, I still think your client that bought the home posted on OCRenter’s site got a good deal, for what it’s worth.
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