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kelly.
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August 22, 2007 at 8:12 AM #9975August 22, 2007 at 8:22 AM #79010
jimmyle
ParticipantNote that the 1406 house is listing at $439,000 to $469,000. It is ZESTIMATED at $595,441. For some reason zillow doesn’t list the data for the initial purchase price in 2003, could anyone help with this? However, property tax for 2006 is $8,802 so I assume the owner paid at least $640K for it.
August 22, 2007 at 8:22 AM #79158ParticipantNote that the 1406 house is listing at $439,000 to $469,000. It is ZESTIMATED at $595,441. For some reason zillow doesn’t list the data for the initial purchase price in 2003, could anyone help with this? However, property tax for 2006 is $8,802 so I assume the owner paid at least $640K for it.
August 22, 2007 at 8:22 AM #79137ParticipantNote that the 1406 house is listing at $439,000 to $469,000. It is ZESTIMATED at $595,441. For some reason zillow doesn’t list the data for the initial purchase price in 2003, could anyone help with this? However, property tax for 2006 is $8,802 so I assume the owner paid at least $640K for it.
August 22, 2007 at 8:40 AM #79159Anonymous
GuestLook at those room sizes on 1413. Secondary bedrooms 8×8 and 9×8, living room 10×11. For $439k? In Chula Vista? And these are the firesale prices!
It’s listings like these that make me glad I moved to Austin. Sheesh. Prices need to come down A LOT more to make me interested in leaving Texas.
August 22, 2007 at 8:40 AM #79179GuestLook at those room sizes on 1413. Secondary bedrooms 8×8 and 9×8, living room 10×11. For $439k? In Chula Vista? And these are the firesale prices!
It’s listings like these that make me glad I moved to Austin. Sheesh. Prices need to come down A LOT more to make me interested in leaving Texas.
August 22, 2007 at 8:40 AM #79031GuestLook at those room sizes on 1413. Secondary bedrooms 8×8 and 9×8, living room 10×11. For $439k? In Chula Vista? And these are the firesale prices!
It’s listings like these that make me glad I moved to Austin. Sheesh. Prices need to come down A LOT more to make me interested in leaving Texas.
August 22, 2007 at 8:45 AM #79034betting on fall
ParticipantProperty taxes are that high because of hefty mello roos- $200 or $300 a month.
Little Lake Street is just a small example of what is happening all over that zip code. I posted a couple weeks back about one house near there that sold new for $900k in 2005- and all the neighbors did as well- and now it is an REO at under 700K that still won’t sell.
I think about half of Otay Ranch was built after 2004, and I would suspect that either now or by the end of the year, all those people will have lost money. But I have some friends there who bought in 2002 at around $100 per sf. They will come out OK.
Prices just shot up down there in the bubble years- far more than in the central san diego markets I follow.August 22, 2007 at 8:45 AM #79162ParticipantProperty taxes are that high because of hefty mello roos- $200 or $300 a month.
Little Lake Street is just a small example of what is happening all over that zip code. I posted a couple weeks back about one house near there that sold new for $900k in 2005- and all the neighbors did as well- and now it is an REO at under 700K that still won’t sell.
I think about half of Otay Ranch was built after 2004, and I would suspect that either now or by the end of the year, all those people will have lost money. But I have some friends there who bought in 2002 at around $100 per sf. They will come out OK.
Prices just shot up down there in the bubble years- far more than in the central san diego markets I follow.August 22, 2007 at 8:45 AM #79182ParticipantProperty taxes are that high because of hefty mello roos- $200 or $300 a month.
Little Lake Street is just a small example of what is happening all over that zip code. I posted a couple weeks back about one house near there that sold new for $900k in 2005- and all the neighbors did as well- and now it is an REO at under 700K that still won’t sell.
I think about half of Otay Ranch was built after 2004, and I would suspect that either now or by the end of the year, all those people will have lost money. But I have some friends there who bought in 2002 at around $100 per sf. They will come out OK.
Prices just shot up down there in the bubble years- far more than in the central san diego markets I follow.August 22, 2007 at 8:52 AM #79043Participant8×8, geez, most beds are 7 ft long, so you have one foot clearance. Some big individuals might not be able to move through.
August 22, 2007 at 8:52 AM #79171Participant8×8, geez, most beds are 7 ft long, so you have one foot clearance. Some big individuals might not be able to move through.
August 22, 2007 at 8:52 AM #79191Participant8×8, geez, most beds are 7 ft long, so you have one foot clearance. Some big individuals might not be able to move through.
August 22, 2007 at 11:00 AM #79097woodrow
ParticipantJust checked the “market overview” on SDLookup for this zip (91915). It lists 370 total properties for sale, with 84 foreclosures and 36 short sales. That suggests that 120 of the 370 listings are being sold under distress.
Is there any way that this doesn’t spell disaster? Won’t this rob virtually every home in that zipcode of 20-30% of their equity?
August 22, 2007 at 11:00 AM #79224ParticipantJust checked the “market overview” on SDLookup for this zip (91915). It lists 370 total properties for sale, with 84 foreclosures and 36 short sales. That suggests that 120 of the 370 listings are being sold under distress.
Is there any way that this doesn’t spell disaster? Won’t this rob virtually every home in that zipcode of 20-30% of their equity?
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