So…. Being the sour grapes, suspicious person as I am….I was curious as to what’s behind these amazing flips…and decided to ask someone knowledgeable about them.
For example, on one of these properties listed as 1.6million…. 4393 Coronado
This house went from being something in 2013 that is $815,000 priced at $1029/sqft to something that is $1.6million priced at $564/sqft.
In other words 4393 Coronado was a 792 sqft shack that was turned into a 2900sqft McMansion, most likely through a massive remodeling/teardown.
Credit goes to sdrealtor for helping me understand what is going on some of these properties. It doesn’t appear these are 100% gain “flips”, also supported by some of the the before and after pictures too….
Still nice looking modern homes though with a beautiful view from the upper floor that was added 🙂
