Suprise surprise!! Grammy has a wireless router in her home in South Fla.
First point: I agree with Chris 100% and that was why I jumped in to begin with. I remember vrud saying several things in the past that led me to the same conclusion.
SEcond point: I disagree that the larger comp I provided isnt relevant. It is in the immediate area, has 5 BR’s, 3 car garage and is of the same general vintage. While it does not provide an equivalent value it sets an upper bracket on the value. It was very plain and if it sold for $1M+ it helps justify a reasonableness to a 900K price for a smaller 5BR house in the area in the eyes of the buyer.
Third point: Similar size (and slightly smaller) 4BR homes in South Carlsbad have been selling very well between 825 and 875K the last few months. CV has traditionally sold for about 10%/100K more in like for like sales. With 5BR’s a 3 car garage and sq ftage at the top end of the 4BR’s I think about in South Carlsbad I have no problem thinking 900K. SD R did you not just sell a 30 year old 1900 sq ft 4/2 with a 2 car garage for 730K in South Carlsbad? Your first post seemed to imply a value closer to 800K which would indicate a short memory.
