[quote=outtamojo]Imo, kids moving in and driving up/maintaining area API scores will have a bigger effect on property values than interior styling.[/quote]
I understand and totally agree with that. The reason why I’m bringing this up is, these new houses are much much more expensive than anything out there in either 92121 and 92126 part of Mira Mesa. On the 92121 side, for mid $600k, you can get 2500-2900 sq-ft depending on view. Also, those lots are larger. On the 92126 side, similar sized house are in the high $400k to mid $500k depending on view. Both of these sets of houses were built in the 90s. These are also sitting on larger lots. If you go to similar lot size in 92126, similar houses built in the 90s are going for mid $400k. So, we’re talking about $200k premium for new vs old (this haven’t even counted in the cost of landscaping).
This is why I’m asking if having that “newest” cachet really bring in that kind of premium. For $200k, you get have a totally gutted and rebuilt with high end materials and improve layouts and modern features. If being newest does bring in the higher premium, then does it mean that with this development being built, the houses built in the 90s on both 92121 and 92126 side will lose its “newest” cachet, which would drive down its prices?
