1st 2001 price in Mira Mesa

[an]

Although this is a 1 bed/1 bath condo conversion, this is the first instance I’ve found in Mira Mesa that’s back to 2001’s price.

linky
It was sold in 10/03/2001 for $136,200 and in 02/28/2008 for $125,000.

[gdcox]

Graham.

Out of interest, any idea how much such a place would rent for. The annual yield achievable on that price may be of significance, along with the historic date you have pointed out .

[gdcox]

Graham.

Out of interest, any idea how much such a place would rent for. The annual yield achievable on that price may be of significance, along with the historic date you have pointed out .

[gdcox]

Graham.

Out of interest, any idea how much such a place would rent for. The annual yield achievable on that price may be of significance, along with the historic date you have pointed out .

[gdcox]

Graham.

Out of interest, any idea how much such a place would rent for. The annual yield achievable on that price may be of significance, along with the historic date you have pointed out .

[gdcox]

Graham.

Out of interest, any idea how much such a place would rent for. The annual yield achievable on that price may be of significance, along with the historic date you have pointed out .

[akbarpunjabi]

Here is a 2 bedroom 2 bath in the same development with plenty of HOA and special assessment issues. It was a countrywide REO listed at $203,900 and it just recently closed at 187K. A bunch of other similar units sold for 225K-235K last month. They try and rent them for 1500-1600 a month. The one bedrooms I’ve seen people try to get 1000-1200 a month for.

http://www.sdlookup.com/Property-753E5E95-9765_Mesa_Springs_Way_64_San_Diego_CA_92126

[akbarpunjabi]

Here is a 2 bedroom 2 bath in the same development with plenty of HOA and special assessment issues. It was a countrywide REO listed at $203,900 and it just recently closed at 187K. A bunch of other similar units sold for 225K-235K last month. They try and rent them for 1500-1600 a month. The one bedrooms I’ve seen people try to get 1000-1200 a month for.

http://www.sdlookup.com/Property-753E5E95-9765_Mesa_Springs_Way_64_San_Diego_CA_92126

[akbarpunjabi]

Here is a 2 bedroom 2 bath in the same development with plenty of HOA and special assessment issues. It was a countrywide REO listed at $203,900 and it just recently closed at 187K. A bunch of other similar units sold for 225K-235K last month. They try and rent them for 1500-1600 a month. The one bedrooms I’ve seen people try to get 1000-1200 a month for.

http://www.sdlookup.com/Property-753E5E95-9765_Mesa_Springs_Way_64_San_Diego_CA_92126

[akbarpunjabi]

Here is a 2 bedroom 2 bath in the same development with plenty of HOA and special assessment issues. It was a countrywide REO listed at $203,900 and it just recently closed at 187K. A bunch of other similar units sold for 225K-235K last month. They try and rent them for 1500-1600 a month. The one bedrooms I’ve seen people try to get 1000-1200 a month for.

http://www.sdlookup.com/Property-753E5E95-9765_Mesa_Springs_Way_64_San_Diego_CA_92126

[akbarpunjabi]

Here is a 2 bedroom 2 bath in the same development with plenty of HOA and special assessment issues. It was a countrywide REO listed at $203,900 and it just recently closed at 187K. A bunch of other similar units sold for 225K-235K last month. They try and rent them for 1500-1600 a month. The one bedrooms I’ve seen people try to get 1000-1200 a month for.

http://www.sdlookup.com/Property-753E5E95-9765_Mesa_Springs_Way_64_San_Diego_CA_92126

[peterb]

With 20% down, it looks like PITI would be about $8000 to $8,500 a year.HOA is unknown, but probably at least $150 a month. So then it’s pushing $10,000 a year. It could rent for around $10,000 to $12,000 a year if the comps off Craigslist are reliable. All other factors about renting considered and that this will probably be one of the last property types to experience appreciation when and if it finally comes back….I would say this is a “no go”. Just IMO.

[peterb]

With 20% down, it looks like PITI would be about $8000 to $8,500 a year.HOA is unknown, but probably at least $150 a month. So then it’s pushing $10,000 a year. It could rent for around $10,000 to $12,000 a year if the comps off Craigslist are reliable. All other factors about renting considered and that this will probably be one of the last property types to experience appreciation when and if it finally comes back….I would say this is a “no go”. Just IMO.

[peterb]

With 20% down, it looks like PITI would be about $8000 to $8,500 a year.HOA is unknown, but probably at least $150 a month. So then it’s pushing $10,000 a year. It could rent for around $10,000 to $12,000 a year if the comps off Craigslist are reliable. All other factors about renting considered and that this will probably be one of the last property types to experience appreciation when and if it finally comes back….I would say this is a “no go”. Just IMO.

[peterb]

With 20% down, it looks like PITI would be about $8000 to $8,500 a year.HOA is unknown, but probably at least $150 a month. So then it’s pushing $10,000 a year. It could rent for around $10,000 to $12,000 a year if the comps off Craigslist are reliable. All other factors about renting considered and that this will probably be one of the last property types to experience appreciation when and if it finally comes back….I would say this is a “no go”. Just IMO.

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