Most of the schools are pretty good in the area but that is a generalization. there are very substantial differences between the top and bottom schools in the Encinitas school district. Make sure you understand them or at the very least that your realtor does.
3 QUICK POINTS:
I would take the coolngreen house 10 out of 10 times over Jerrilyn.
Make sure you understand what is 1 block east of you there.
The owners of that house contacted me about a rental i had. My impression was they were not a real hardship case but rather unhappy with their poor investment. the short sale isnt a slam dunk on that IMO.