10707 Heather Ridge Dr

[Coronita]

 

Jealousy is such an ugly trait!
When real estate history repeats itself, those who bought in posh Carmel Valley will be sitting pretty in 2013 when the market turns.
Don't forget, this is where many Carmel Valley-ites made their money (alongside start ups and stock options).
I congratulate those who have the guts (and bucks) to buy, resell and invest in 92130!

 

Someone either really needs their sales commision from a closure in CV OR someone is really feeling bad about recently closing on a purchase OR both.

 

What makes you so confident some of us folks on this board don't already live in 92130 or don't already "have to bucks" as you say to overspend irresponsibly if we wanted to?

Why do you think some of us "are jealous" of folks that overleverage and overspend on a home by approximately $100k to $200k only to have to turn around and sell 2.5 years and sell at aLOSS both in absolute dollar amounts AND in relative dollar amounts wrto holding costs in excess of $100k? Sorry, these "rich" people aren't nearly a the "rich" level to be blowing around $100k-$200k losses, otherwise they wouldn't be living in Saratoga in the first place (which btw is nowhere near considered a high end home) and feeling a need to sell at a loss. The math doesn't add up.

Any "owner" of Saratoga that bought in 2005 and 2006 (could not possibly have bought earlier) that is trying to sell in 2008 will lose money if they are not able to sell at least $100k above their initial purchase price, factoring in commissions, prop taxes, move in landscaping, and any interest rate on mortgage payments. That amount goes up for folks that decided to go overboard on landscaping and options (which can't be recouped) and goes up each month the transaction doesn't close.

Any of the pending transactions in Saratoga if closes at or near those asking prices, the new owner is going to eat sh!t because they already already overpaying for a home in a market which is already overinflated. This isn't rocket science.

 

This is such an easy target to poke holes in. I didn't even include the $100/month HOA that Pardee communities tack on that other SFH/ non-gated communities have anywhere close to in terms of HOA in CV. But since sellers are eating $100k already, $1200/year is really peanuts to tack on.

 

Sorry guys/gals (forthe rest of you), I'm not trying to really eball here. But some of these Pardee "I-think-I'm-rich-but-really -not" wannabe really drive me up the wall some times. They give CV residence a bad name… I run into these Pardee FB in the park all the time, and they always talk about how wonderful their home is, and how well prop value is holding up "only in their community". And whenever I ask them what loan structure they are on, it's so funny how often I hear "deal" and "ARM" in the same sentence.

No, I'm not jealous. I'm just sick of hearing about the Pardee cult elitist bullsh!t.

 

[sdduuuude]

Go get ’em FLU.

[sdduuuude]

Go get ’em FLU.

[sdduuuude]

Go get ’em FLU.

[sdduuuude]

Go get ’em FLU.

[sdduuuude]

Go get ’em FLU.

[Coronita]

This just in….

Another Pardee Home up for sale: MLS 081037129

http://www.sdlookup.com/MLS-081037129-10778_Heather_Ridge_Dr_San_Diego_Ca_92130

10778 HEATHER RIDGE DRIVE: This one is at Derby Hills.

"Brand New Plan 3 on corner lot in Derby Hills"

For the incredible, bargain bargain bargain price of $1.479million, complete with all the natural landscaping of "Yellow Sand" and Carmel Valley "Earthly" rock stones.

Step right up, step right up. This deal won't last long. Plenty of rich foreign buyers and folks with wads of stock options and startup cash lining up for this ones. The envy of nearby middle class Saratoga homeowners who dream that one day they too can live the fabulous CV snooty DH lifestyle. Forget about losing $100k in equity, just don't do any landscaping. Heck if you need to sell it in 2.5 years, who needs grass anyway? Plus landscaping can be affordably purchased used from craiglist and foreclosure garage sales. Why buy new when you can own preowned landscaping at a fraction of the cost? We'll even help you chip away that old flagstone and haul and move it to your new home.

This deal won't last long. As you many know, there are several Saratoga wannabes that will readily take a $100k loss to "upgrade" to this home, so first come first serve.

Gosh, I thought there was so much demand at DH, things would be sold out 🙂

 

You think that the owner over at 5241 BRICKFIELD LN in saratoga with 2724 sqft is gonna have a tough time selling at $1.4 million maybe?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

This just in….

Another Pardee Home up for sale: MLS 081037129

http://www.sdlookup.com/MLS-081037129-10778_Heather_Ridge_Dr_San_Diego_Ca_92130

10778 HEATHER RIDGE DRIVE: This one is at Derby Hills.

"Brand New Plan 3 on corner lot in Derby Hills"

For the incredible, bargain bargain bargain price of $1.479million, complete with all the natural landscaping of "Yellow Sand" and Carmel Valley "Earthly" rock stones.

Step right up, step right up. This deal won't last long. Plenty of rich foreign buyers and folks with wads of stock options and startup cash lining up for this ones. The envy of nearby middle class Saratoga homeowners who dream that one day they too can live the fabulous CV snooty DH lifestyle. Forget about losing $100k in equity, just don't do any landscaping. Heck if you need to sell it in 2.5 years, who needs grass anyway? Plus landscaping can be affordably purchased used from craiglist and foreclosure garage sales. Why buy new when you can own preowned landscaping at a fraction of the cost? We'll even help you chip away that old flagstone and haul and move it to your new home.

This deal won't last long. As you many know, there are several Saratoga wannabes that will readily take a $100k loss to "upgrade" to this home, so first come first serve.

Gosh, I thought there was so much demand at DH, things would be sold out 🙂

 

You think that the owner over at 5241 BRICKFIELD LN in saratoga with 2724 sqft is gonna have a tough time selling at $1.4 million maybe?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

This just in….

Another Pardee Home up for sale: MLS 081037129

http://www.sdlookup.com/MLS-081037129-10778_Heather_Ridge_Dr_San_Diego_Ca_92130

10778 HEATHER RIDGE DRIVE: This one is at Derby Hills.

"Brand New Plan 3 on corner lot in Derby Hills"

For the incredible, bargain bargain bargain price of $1.479million, complete with all the natural landscaping of "Yellow Sand" and Carmel Valley "Earthly" rock stones.

Step right up, step right up. This deal won't last long. Plenty of rich foreign buyers and folks with wads of stock options and startup cash lining up for this ones. The envy of nearby middle class Saratoga homeowners who dream that one day they too can live the fabulous CV snooty DH lifestyle. Forget about losing $100k in equity, just don't do any landscaping. Heck if you need to sell it in 2.5 years, who needs grass anyway? Plus landscaping can be affordably purchased used from craiglist and foreclosure garage sales. Why buy new when you can own preowned landscaping at a fraction of the cost? We'll even help you chip away that old flagstone and haul and move it to your new home.

This deal won't last long. As you many know, there are several Saratoga wannabes that will readily take a $100k loss to "upgrade" to this home, so first come first serve.

Gosh, I thought there was so much demand at DH, things would be sold out 🙂

 

You think that the owner over at 5241 BRICKFIELD LN in saratoga with 2724 sqft is gonna have a tough time selling at $1.4 million maybe?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

This just in….

Another Pardee Home up for sale: MLS 081037129

http://www.sdlookup.com/MLS-081037129-10778_Heather_Ridge_Dr_San_Diego_Ca_92130

10778 HEATHER RIDGE DRIVE: This one is at Derby Hills.

"Brand New Plan 3 on corner lot in Derby Hills"

For the incredible, bargain bargain bargain price of $1.479million, complete with all the natural landscaping of "Yellow Sand" and Carmel Valley "Earthly" rock stones.

Step right up, step right up. This deal won't last long. Plenty of rich foreign buyers and folks with wads of stock options and startup cash lining up for this ones. The envy of nearby middle class Saratoga homeowners who dream that one day they too can live the fabulous CV snooty DH lifestyle. Forget about losing $100k in equity, just don't do any landscaping. Heck if you need to sell it in 2.5 years, who needs grass anyway? Plus landscaping can be affordably purchased used from craiglist and foreclosure garage sales. Why buy new when you can own preowned landscaping at a fraction of the cost? We'll even help you chip away that old flagstone and haul and move it to your new home.

This deal won't last long. As you many know, there are several Saratoga wannabes that will readily take a $100k loss to "upgrade" to this home, so first come first serve.

Gosh, I thought there was so much demand at DH, things would be sold out 🙂

 

You think that the owner over at 5241 BRICKFIELD LN in saratoga with 2724 sqft is gonna have a tough time selling at $1.4 million maybe?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

This just in….

Another Pardee Home up for sale: MLS 081037129

http://www.sdlookup.com/MLS-081037129-10778_Heather_Ridge_Dr_San_Diego_Ca_92130

10778 HEATHER RIDGE DRIVE: This one is at Derby Hills.

"Brand New Plan 3 on corner lot in Derby Hills"

For the incredible, bargain bargain bargain price of $1.479million, complete with all the natural landscaping of "Yellow Sand" and Carmel Valley "Earthly" rock stones.

Step right up, step right up. This deal won't last long. Plenty of rich foreign buyers and folks with wads of stock options and startup cash lining up for this ones. The envy of nearby middle class Saratoga homeowners who dream that one day they too can live the fabulous CV snooty DH lifestyle. Forget about losing $100k in equity, just don't do any landscaping. Heck if you need to sell it in 2.5 years, who needs grass anyway? Plus landscaping can be affordably purchased used from craiglist and foreclosure garage sales. Why buy new when you can own preowned landscaping at a fraction of the cost? We'll even help you chip away that old flagstone and haul and move it to your new home.

This deal won't last long. As you many know, there are several Saratoga wannabes that will readily take a $100k loss to "upgrade" to this home, so first come first serve.

Gosh, I thought there was so much demand at DH, things would be sold out 🙂

 

You think that the owner over at 5241 BRICKFIELD LN in saratoga with 2724 sqft is gonna have a tough time selling at $1.4 million maybe?

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Cardinal]

I don’t post very often even though I read this forum religiously, but just want to clear up a bit of misinformation on this thread and add some “inside” observations. Please don’t flame me, but I have an interest in Carmel Valley real estate (yes, even in this market), and have actually visited the homes recently for sale in Saratoga and spoken with a couple of the agents/owners as well as some neighbors.

SDRE4ME actually is correct that the sellers of 10707 Heather Ridge upgraded to a Derby Hill home while the sellers of 5281 Foxborough are looking to upgrade to a larger home closer to their daughter’s private school, Horizon Prep in Rancho Santa Fe. This really shouldn’t be a surprise, since it’s usually easier to move up in a bear market, right (the same proportional decline in value translates to more absolute dollars saved)? The sellers of 10704 Heather Ridge are going through a divorce, as are the sellers of 5241 Brickfield. The seller of 5274 Foxborough never really lived in the home – it was a flip gone bad for him. He is now living with his girlfriend. Finally, the seller of 10687 Heather Ridge is ALSO the listing agent (the wife has a real estate license), which is why there is a FSBO sign in the front. The husband is working in Orange County, and they would like to move closer to his office, but are willing to wait out the market (they have a fixed mortgage and owe very little on it).

Now for the corrections… As others on this thread have pointed out, SDRE4ME is incorrect that 10707 Heather Ridge sold in 2 weeks. It was first offered FSBO in November of last year, then went through 2 rounds on the MLS (change of brokers) before it went into escrow in March.

I need to correct FLU a bit, as well. 10744 Heather Ridge WAS a model home (the Plan 3 model), and was sold by Pardee’s agents for $988K with landscaping. I’m not sure who paid the original $1.012MM purchase price in September 2005 (probably an investor that then leased the home to Pardee for use as the model home – common practice in the industry). 5108 Great Meadow, the other Pardee offering which sold for $950K, was the home with no landscaping.

My point in sharing all this information is to illustrate the wide range of reasons people sell in a bear market. It’s a mistake to make blanket assumptions. 3 of the 6 Saratoga resellers did/do have to sell, but the other half did/do NOT.

OK, that was a long post – hopefully I added some value to the thread. Back to lurking now…

[Cardinal]

I don’t post very often even though I read this forum religiously, but just want to clear up a bit of misinformation on this thread and add some “inside” observations. Please don’t flame me, but I have an interest in Carmel Valley real estate (yes, even in this market), and have actually visited the homes recently for sale in Saratoga and spoken with a couple of the agents/owners as well as some neighbors.

SDRE4ME actually is correct that the sellers of 10707 Heather Ridge upgraded to a Derby Hill home while the sellers of 5281 Foxborough are looking to upgrade to a larger home closer to their daughter’s private school, Horizon Prep in Rancho Santa Fe. This really shouldn’t be a surprise, since it’s usually easier to move up in a bear market, right (the same proportional decline in value translates to more absolute dollars saved)? The sellers of 10704 Heather Ridge are going through a divorce, as are the sellers of 5241 Brickfield. The seller of 5274 Foxborough never really lived in the home – it was a flip gone bad for him. He is now living with his girlfriend. Finally, the seller of 10687 Heather Ridge is ALSO the listing agent (the wife has a real estate license), which is why there is a FSBO sign in the front. The husband is working in Orange County, and they would like to move closer to his office, but are willing to wait out the market (they have a fixed mortgage and owe very little on it).

Now for the corrections… As others on this thread have pointed out, SDRE4ME is incorrect that 10707 Heather Ridge sold in 2 weeks. It was first offered FSBO in November of last year, then went through 2 rounds on the MLS (change of brokers) before it went into escrow in March.

I need to correct FLU a bit, as well. 10744 Heather Ridge WAS a model home (the Plan 3 model), and was sold by Pardee’s agents for $988K with landscaping. I’m not sure who paid the original $1.012MM purchase price in September 2005 (probably an investor that then leased the home to Pardee for use as the model home – common practice in the industry). 5108 Great Meadow, the other Pardee offering which sold for $950K, was the home with no landscaping.

My point in sharing all this information is to illustrate the wide range of reasons people sell in a bear market. It’s a mistake to make blanket assumptions. 3 of the 6 Saratoga resellers did/do have to sell, but the other half did/do NOT.

OK, that was a long post – hopefully I added some value to the thread. Back to lurking now…

[Cardinal]

I don’t post very often even though I read this forum religiously, but just want to clear up a bit of misinformation on this thread and add some “inside” observations. Please don’t flame me, but I have an interest in Carmel Valley real estate (yes, even in this market), and have actually visited the homes recently for sale in Saratoga and spoken with a couple of the agents/owners as well as some neighbors.

SDRE4ME actually is correct that the sellers of 10707 Heather Ridge upgraded to a Derby Hill home while the sellers of 5281 Foxborough are looking to upgrade to a larger home closer to their daughter’s private school, Horizon Prep in Rancho Santa Fe. This really shouldn’t be a surprise, since it’s usually easier to move up in a bear market, right (the same proportional decline in value translates to more absolute dollars saved)? The sellers of 10704 Heather Ridge are going through a divorce, as are the sellers of 5241 Brickfield. The seller of 5274 Foxborough never really lived in the home – it was a flip gone bad for him. He is now living with his girlfriend. Finally, the seller of 10687 Heather Ridge is ALSO the listing agent (the wife has a real estate license), which is why there is a FSBO sign in the front. The husband is working in Orange County, and they would like to move closer to his office, but are willing to wait out the market (they have a fixed mortgage and owe very little on it).

Now for the corrections… As others on this thread have pointed out, SDRE4ME is incorrect that 10707 Heather Ridge sold in 2 weeks. It was first offered FSBO in November of last year, then went through 2 rounds on the MLS (change of brokers) before it went into escrow in March.

I need to correct FLU a bit, as well. 10744 Heather Ridge WAS a model home (the Plan 3 model), and was sold by Pardee’s agents for $988K with landscaping. I’m not sure who paid the original $1.012MM purchase price in September 2005 (probably an investor that then leased the home to Pardee for use as the model home – common practice in the industry). 5108 Great Meadow, the other Pardee offering which sold for $950K, was the home with no landscaping.

My point in sharing all this information is to illustrate the wide range of reasons people sell in a bear market. It’s a mistake to make blanket assumptions. 3 of the 6 Saratoga resellers did/do have to sell, but the other half did/do NOT.

OK, that was a long post – hopefully I added some value to the thread. Back to lurking now…

[Cardinal]

I don’t post very often even though I read this forum religiously, but just want to clear up a bit of misinformation on this thread and add some “inside” observations. Please don’t flame me, but I have an interest in Carmel Valley real estate (yes, even in this market), and have actually visited the homes recently for sale in Saratoga and spoken with a couple of the agents/owners as well as some neighbors.

SDRE4ME actually is correct that the sellers of 10707 Heather Ridge upgraded to a Derby Hill home while the sellers of 5281 Foxborough are looking to upgrade to a larger home closer to their daughter’s private school, Horizon Prep in Rancho Santa Fe. This really shouldn’t be a surprise, since it’s usually easier to move up in a bear market, right (the same proportional decline in value translates to more absolute dollars saved)? The sellers of 10704 Heather Ridge are going through a divorce, as are the sellers of 5241 Brickfield. The seller of 5274 Foxborough never really lived in the home – it was a flip gone bad for him. He is now living with his girlfriend. Finally, the seller of 10687 Heather Ridge is ALSO the listing agent (the wife has a real estate license), which is why there is a FSBO sign in the front. The husband is working in Orange County, and they would like to move closer to his office, but are willing to wait out the market (they have a fixed mortgage and owe very little on it).

Now for the corrections… As others on this thread have pointed out, SDRE4ME is incorrect that 10707 Heather Ridge sold in 2 weeks. It was first offered FSBO in November of last year, then went through 2 rounds on the MLS (change of brokers) before it went into escrow in March.

I need to correct FLU a bit, as well. 10744 Heather Ridge WAS a model home (the Plan 3 model), and was sold by Pardee’s agents for $988K with landscaping. I’m not sure who paid the original $1.012MM purchase price in September 2005 (probably an investor that then leased the home to Pardee for use as the model home – common practice in the industry). 5108 Great Meadow, the other Pardee offering which sold for $950K, was the home with no landscaping.

My point in sharing all this information is to illustrate the wide range of reasons people sell in a bear market. It’s a mistake to make blanket assumptions. 3 of the 6 Saratoga resellers did/do have to sell, but the other half did/do NOT.

OK, that was a long post – hopefully I added some value to the thread. Back to lurking now…

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