I went to an open house in Coronado last weekend. The realtor was trying to tell me that it is a great time to buy because inventory is huge. He showed me a list that he had sitting on the counter next to the house flyers. I was impressed all right, but not in the way he intended!
He told me that the seller was, “Very motivated.” I don’t doubt it! The inside needed major updating. The bathrooms had not been touched since it was built (82), the kitchen was okay but had a musty smell (major red flag!), There was an ugly 8×8 tile in most of the house that was only saved by the fact that it was a solid color (I was not impressed that it was supposed to have come all the way from Europe), popcorn ceilings and it is very, very ugly from the street. I commented on how ugly the house was and the realtor tried to tell me that all it needed was a good power washing. Power washing is not going wash off the ugly, I’m afraid. I think that poor house is one of the ugliest houses in pretty Coronado.
It did have some good points. The space was very usable, it was a 3/2, it had a nice size patio area in the front and in the back between the main house and garage and the garage was ally entrance. Lot size was 3,500.
All this for an asking price of 1,250,000. I am sure they are going to have to chop a lot off in order to sell it. There was another house only two or three down that had just cut their price to 1,085,000. I have not been inside that one.
