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Home › Forums › Housing › It’s not all gloom and doom. “Silly” Valley values booming › AN wrote:It’s probably closer

June 19, 2011 at 12:41 AM #705355
an
Participant

[quote=AN]It’s probably closer to 1.5-2X the cost depending on materials used, not 2-5X the cost. If it’s 5X the cost, then a comparable custom built house to a Stonebridge house (4000-4500 sq-ft on 1/2 acre) would cost $1.7M-4.2M to build. That’s where I call BS.[/quote]
My initial $1.7M-$4.2M estimate was actually a little low. According to this sale: http://www.sdlookup.com/MLS-110007889-14574_Whispering_Ridge_Rd_San_Diego_CA_92131, it should be more like $2M-$5M. $2M can get you this custom home in RSF: http://www.sdlookup.com/MLS-100070899-17791_Calle_Mayor_Rancho_Santa_Fe_CA_92067
http://www.sdlookup.com/MLS-110009933-18469_Via_Ambiente_Rancho_Santa_Fe_CA_92067
$5M can get you this: http://www.sdlookup.com/MLS-110005815-18011_Avenida_Alondra_Rancho_Santa_Fe_CA_92067