Would you consider a 4BR/3BA 2300 sq ft nicely upgraded home built in 1987 with a 2 car garge, no HOA or Mello Roos with a nice size lot in the Encinitas/San Dieguito school district that would rent for $2500/month for $440k affordable. If not, at what price?
Right now the cheapest listed 4br in Encinitas is $569k, the cheapest listed 4br in 92009 is $550k, and the median price for all 4br houses in the area is around $700k.
So even ignoring the fact that a duplex is not a real SFR, $440k is a fluke and the market as a whole isn’t there yet.
BTW there are a few inconsistencies.
* Zillow says the duplex is 6br (3+3?)
* How can it be 4600 sq ft if neighboring houses with the same footprint are 2500-2700 sq ft?
