[quote=SkyRanchOwner]
$799,990 is for a FULLY furnished and UPGRADED home that is over 4,000 square feet in a culdesac with a great view in a great, unique community with NO mello roos! How much do you think it would cost to fully furnish over 4,000 square feet, in addition to all the upgraded wood trim, and a fully landscaped yard? It has probably around $200,000 in all compared to a regular new home! Also, the 52 extension is moving well, and it will offer a nice easy commute to Sorrento Valley and La Jolla. You won’t find that in Rancho Bernardo, Carmel Valley, La Jolla, or anywhere else. Ok, maybe Chula Vista, but that is a longer drive to Sorrento Valley and La Jolla. Plus, you have to pay a toll road fee each way.[/quote]
I’m trying to understand what appears to be a cult-like infatuation with “owners” from Santee in trying to justify what a nice area Santee is.. I mean, every time someone from Santee posts, it’s always about how “close we are to being the next big thing”…I don’t get it.
Second, I’m sorry there are some areas where price just doesn’t justify location/location/location. $800k in Santee is out of place. That’s close to how much a 4bed/3000 sqft place would fetch in 4s and possibly even in carmel valley (4bed/2700sqftish) and I would even say some parts of carlesbad…A working family of 4 doesn’t *need* 4000 sqft to be living in day/day, and a retired couple doesn’t need 4-5 bedrooms 4000sqft… And someone with money to burn and wants bragging rights to a higher end home, I don’t think would jump out and say “hey, I want to spend $800k in Santee”. So absent of folks in those categories previously mentioned, what demographics of people are left for which a $800k home would appeal to, and would be ok putting down that much money living in an area with landmarks that are…uh…not so appealing…such as a prison? Yes, yes I understand that there is Santee community trying to prevent the expansion of said penal facility. But come on, clearly a penal facility isn’t “enhancing an area”, is it? And whenever that point is brought up, it’s always…But but but, Santee is so much more. It’s so close to the La Jolla, that it’s almost is going to be like La Jolla. I don’t know, I think some of you folks in Santee are drinking a little too much coolaid. It’s not that I think Santee is a dump or anything. But it’s just these price ranges aren’t anywhere near reasonable relative to the rest of the markets in SD, and no way that with the rest of the higher end homes coming down in SD, would Santee be immune to this. If RE prices fall in the more afluent areas (and they are/will), such as 4S and Carmel Valley, LJ, relatively speaking Santee will fall just as much, if not more….Because if you believe that the same people who shop in the 4s/CV/LJ markets also think Santee is on the list (which first of all I would even disagree that you would find many buyers in that category), I would say that when prices fall, a lot more of them can find something in 4s/cv/lj, leaving again a void of buyers into santee….Good luck with those $800k homes in Santee. Every market is discounted for a reason. $800k in Chula Vista I would say also wouldn’t make any sense, as was proven during the bubble meltdown.
