12089 Caminito Ryone

[all]

I would not want Avenida Venusto for my backyard and it is too close to I15 for me, but we are talking about 5% (495K vs 470K). It is hard to make such a precise estimate when the cost of the transaction can be twice as much.

I caught myself factoring my buying power into ‘fair value’ while I was house shopping. I hope you are not doing the same since it can lead to many frustrated WTF’s.

[Anonymous]

Thanks for tip captcha. The valuation I am trying to get at is totally independent of my buying power. I am simply trying to assess what people out there think of this property in terms of value. Although home prices are indeed set by buyers and sellers emotional attachment to a house there are some tangibles which the market takes note of. That is what I am trying to get at with opinions on this post.(the proximity to i-15 on your previous post is a good point)

[Anonymous]

Thanks for tip captcha. The valuation I am trying to get at is totally independent of my buying power. I am simply trying to assess what people out there think of this property in terms of value. Although home prices are indeed set by buyers and sellers emotional attachment to a house there are some tangibles which the market takes note of. That is what I am trying to get at with opinions on this post.(the proximity to i-15 on your previous post is a good point)

[Anonymous]

Thanks for tip captcha. The valuation I am trying to get at is totally independent of my buying power. I am simply trying to assess what people out there think of this property in terms of value. Although home prices are indeed set by buyers and sellers emotional attachment to a house there are some tangibles which the market takes note of. That is what I am trying to get at with opinions on this post.(the proximity to i-15 on your previous post is a good point)

[Anonymous]

Thanks for tip captcha. The valuation I am trying to get at is totally independent of my buying power. I am simply trying to assess what people out there think of this property in terms of value. Although home prices are indeed set by buyers and sellers emotional attachment to a house there are some tangibles which the market takes note of. That is what I am trying to get at with opinions on this post.(the proximity to i-15 on your previous post is a good point)

[Anonymous]

Thanks for tip captcha. The valuation I am trying to get at is totally independent of my buying power. I am simply trying to assess what people out there think of this property in terms of value. Although home prices are indeed set by buyers and sellers emotional attachment to a house there are some tangibles which the market takes note of. That is what I am trying to get at with opinions on this post.(the proximity to i-15 on your previous post is a good point)

[CA renter]

Personally, I would never buy a house like that — small yard, smaller house in a two-story configuration, surrounded by three streets, etc.

If nobody’s buying it, but they are getting multiple offers at $470K, then that’s what the market is telling them the house is worth.

This thing has “flipper upgrades” and it’s entirely possible they HELOC’ed everything out of the house and are now *not able* to lower the price. Maybe your realtor can help you find out if they are simply underwater at $470K.

I think we’re going to see a lot more inventory this year. If a seller is unreasonable, walk away. Hopefully, we’ll see an end to low interest rates and deadbeat squatters at some point in the near future. Until then, any purchase near peak prices is pretty risky, IMHO.

[CA renter]

Personally, I would never buy a house like that — small yard, smaller house in a two-story configuration, surrounded by three streets, etc.

If nobody’s buying it, but they are getting multiple offers at $470K, then that’s what the market is telling them the house is worth.

This thing has “flipper upgrades” and it’s entirely possible they HELOC’ed everything out of the house and are now *not able* to lower the price. Maybe your realtor can help you find out if they are simply underwater at $470K.

I think we’re going to see a lot more inventory this year. If a seller is unreasonable, walk away. Hopefully, we’ll see an end to low interest rates and deadbeat squatters at some point in the near future. Until then, any purchase near peak prices is pretty risky, IMHO.

[CA renter]

Personally, I would never buy a house like that — small yard, smaller house in a two-story configuration, surrounded by three streets, etc.

If nobody’s buying it, but they are getting multiple offers at $470K, then that’s what the market is telling them the house is worth.

This thing has “flipper upgrades” and it’s entirely possible they HELOC’ed everything out of the house and are now *not able* to lower the price. Maybe your realtor can help you find out if they are simply underwater at $470K.

I think we’re going to see a lot more inventory this year. If a seller is unreasonable, walk away. Hopefully, we’ll see an end to low interest rates and deadbeat squatters at some point in the near future. Until then, any purchase near peak prices is pretty risky, IMHO.

[CA renter]

Personally, I would never buy a house like that — small yard, smaller house in a two-story configuration, surrounded by three streets, etc.

If nobody’s buying it, but they are getting multiple offers at $470K, then that’s what the market is telling them the house is worth.

This thing has “flipper upgrades” and it’s entirely possible they HELOC’ed everything out of the house and are now *not able* to lower the price. Maybe your realtor can help you find out if they are simply underwater at $470K.

I think we’re going to see a lot more inventory this year. If a seller is unreasonable, walk away. Hopefully, we’ll see an end to low interest rates and deadbeat squatters at some point in the near future. Until then, any purchase near peak prices is pretty risky, IMHO.

[CA renter]

Personally, I would never buy a house like that — small yard, smaller house in a two-story configuration, surrounded by three streets, etc.

If nobody’s buying it, but they are getting multiple offers at $470K, then that’s what the market is telling them the house is worth.

This thing has “flipper upgrades” and it’s entirely possible they HELOC’ed everything out of the house and are now *not able* to lower the price. Maybe your realtor can help you find out if they are simply underwater at $470K.

I think we’re going to see a lot more inventory this year. If a seller is unreasonable, walk away. Hopefully, we’ll see an end to low interest rates and deadbeat squatters at some point in the near future. Until then, any purchase near peak prices is pretty risky, IMHO.

[all]

If you have pre-teen kids there are no parks that you can comfortably walk to, Highland Ranch Elementary is not the best school in PUSD and it is not near. Getting on Paseo Lucido can take 5-10 minutes if you hit the highschool traffic. On the other hand, older kids can walk to middle/high school and the community center is both awesome and well within walking distance. Good sized heated pool, gym, barbecue, lit tennis courts, table tennis… I think it compensates for the minuscule backyard.

Rats are known to cause problems on that hill and the fact that it does not back to the open space might be a benefit.

[all]

If you have pre-teen kids there are no parks that you can comfortably walk to, Highland Ranch Elementary is not the best school in PUSD and it is not near. Getting on Paseo Lucido can take 5-10 minutes if you hit the highschool traffic. On the other hand, older kids can walk to middle/high school and the community center is both awesome and well within walking distance. Good sized heated pool, gym, barbecue, lit tennis courts, table tennis… I think it compensates for the minuscule backyard.

Rats are known to cause problems on that hill and the fact that it does not back to the open space might be a benefit.

[all]

If you have pre-teen kids there are no parks that you can comfortably walk to, Highland Ranch Elementary is not the best school in PUSD and it is not near. Getting on Paseo Lucido can take 5-10 minutes if you hit the highschool traffic. On the other hand, older kids can walk to middle/high school and the community center is both awesome and well within walking distance. Good sized heated pool, gym, barbecue, lit tennis courts, table tennis… I think it compensates for the minuscule backyard.

Rats are known to cause problems on that hill and the fact that it does not back to the open space might be a benefit.

[all]

If you have pre-teen kids there are no parks that you can comfortably walk to, Highland Ranch Elementary is not the best school in PUSD and it is not near. Getting on Paseo Lucido can take 5-10 minutes if you hit the highschool traffic. On the other hand, older kids can walk to middle/high school and the community center is both awesome and well within walking distance. Good sized heated pool, gym, barbecue, lit tennis courts, table tennis… I think it compensates for the minuscule backyard.

Rats are known to cause problems on that hill and the fact that it does not back to the open space might be a benefit.

[Author]

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