Offer them 250K and see what they do. I don’t care where anyone thinks the market is going, 250k for a newer 3 car garage is a screamin deal. That is a lot of grass to mow, enjoy yourself, it’s borderline riding mower territory.. There was one on sparks a few months ago for 330k, it was the low price leader on the three car garage monitor at the time, there might be a link and you can get the sales price. That place has potential but at 350k it is at it’s 04 price, not a fair price today and that tract has tons of repos in it on drennon and swoboda plus the rent is cheap for the area because I think those weren’t very upgraded, this one looks kinda basic. I think they have it priced on the higher side because it’s on a third of an acre and it’s a one story (both are rare and marketable), if that is what you want, you gotta pay for that no matter where the market goes, some people just like lots of land. Hell, offer them 300k with some incentives, it’s not like they are sifting through all the offers these days. You know as well as any of us locals that South Temecula is not going to see French Valley or Murrieta prices, it will always be 10-20% higher and it’s almost built out. If it wasn’t on the wrong side of the 79 for me and it didn’t have a football field to mow, I’d be tempted to fire a 250k or a 275k trial baloon at that place. A/C bill should be reasonable, one story and not a ridiculous amount of sq ft, taxes seem low to average at about 1.5, I think the hoa is non existent or cheap there, sorry can’t talk you out of it, I agree that it is 50-60k overpriced but at 250k to 300k it has a lot going for it.
