[quote=ocrenter]not just $50 to $70k. factor in the $200/month MR and $180/month HOA, now we are looking at $80k in purchase power. although individual payoff of MR shouldn’t be that much…that should help.
what’s the average lot size?[/quote]
I understand about the extra cost of MR and HOA. That would just make the comparison even more lop sided and make this new development even more overpriced IMHO.
The average lot is tiny. I think it’s around 4200 sq-ft IIRC. Lot size are similar to this development about 2-3 blocks east: http://www.redfin.com/CA/San-Diego/11361-Dennig-Pl-92126/home/4562629. I personally wouldn’t even compare this new development to the SFR in 92121 because of the lot size. They’re more like the house I just posted. So, in essence, they’re about $200k above these houses. $200k can give you one kick ass remodel.
