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Home › Forums › Closed Forums › Properties or Areas › Sorrento Heights grand opening › bpnbpn wrote:All said, 700K+$

June 18, 2012 at 3:47 PM #746045
an
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[quote=bpnbpn]All said, 700K+$ is not worth for the zip code 92126 and the schools it offers (you at least need 1000$ per month for a private school for one kid).[/quote]
There are plenty of $700k+ houses that goes to Mira Mesa’s school. Just look a little west of Sorrento Heights to 92121 zip code. same school, same road, just a 1+ blocks west. The elementary school has API rank of 10, the middle school and HS have API rank of a 9. I assumed you’d think it would be worth $700k if the MS and HS gets bumped to a 10 from a 9? Keep in mind, La Jolla HS also have an API rank of a 9. MMHS API score is 844 and LHS score is 849. I see plenty of high priced homes there, even with LJH’s API scores. So, the school’s API score might not be as important as you think it is.

I personally don’t think these house are worth $700k+, even if it sits in 92130. Maybe because I don’t really like the floor plan and the tiny lots. But there seem to be many who would disagree with me and you. People are snapping these up (they already sold 1/2 of the 1st phase on the grand opening).

Also, keep in mind that private school have a better reputation that even the best private school. Great private elementary school is about $800/month, while great private MS/HS are around $2k/month. But that $2k will get you LJ Country Day and Bishop. I personally think LJ Country Day/Bishop trumps the best public in SD County. So, if you only have 1 kid, to send your kid to 100% private school would cost you around $250k. To some, that would be better value than paying $150-200k more for the 92130 zipcode. My neighbor is a prime example. They sent all 4 of their kids to Bishops while living in Mira Mesa. I’m sure a house in MM + 4 kids all the way through Bishops cost them WAY more than a house in Carmel Valley. I didn’t ask them why they didn’t just live in Carmel Valley for the great schools, but that’s the path they chose.

Also, keep in mind there are over 900 households in Mira Mesa with anual income of over $200k/year and over 1000 households making between $150-200k. Maybe these households decide to live in MM and send their kids to private schools, for whatever reason.