2272 Lundy Lake Dr Escondido, CA 92029

[djc]

Anyone want to guess what transpired here? Looks like the main house is gone leaving only a guest house.

http://www.redfin.com/CA/Escondido/2272-Lundy-Lake-Dr-92029/home/4033310

Zillow “map and views” has some interesting views. Updated maps with just the slab there, but one of the views shows the house half demolished and the garage and driveway dug up?

http://www.zillow.com/homedetails/2272-Lundy-Lake-Dr-Escondido-CA-92029/16704886_zpid/

At first I was thinking fire, but am unsure. Google doesn’t reveal anything outside of RE listings.

[ucodegen]

If you look on Google:
http://maps.google.com/maps?q=2272+Lundy+Lake+Drive,+Escondido,+CA&hl=en&ll=33.084669,-117.10465&spn=0.001189,0.0013&sll=37.0625,-95.677068&sspn=51.576045,85.166016&oq=2272+Lundy+Lake+&t=h&hnear=2272+Lundy+Lake+Dr,+Escondido,+California+92029&z=20

You might notice that It looks like they were widening the foundation.. see the dark cutout around the existing foundation. I wonder if the ‘Home Renters’ decided to do a complete replace of the house while still having a large mortgage, and are now trying to straw buy shortsale the property without a house on it to shed most of the existing mortgage cost.

It would be goofy to plow it under and then go to ‘sale’ after digging out the new ‘foundation’, unless you are trying to pull a scam.. If they are doing this, I hope they loose the property – bank forecloses. Does anyone know if this is a REO? What was DOM? Redfin says 218.. is that the real number?

[irondoc]

If you look closer at that linked image, you’ll see that one small piece of wall was left in place – classic for a “rebuild renovation”. Must have lost their financing?

[ucodegen]

[quote=irondoc]If you look closer at that linked image, you’ll see that one small piece of wall was left in place – classic for a “rebuild renovation”. Must have lost their financing?[/quote].. and a door frame. What is strange is that looking at the view on Zillow (Bing) seems to show that they had dug out the garage pad. In the later Google image, the garage pad looks complete. Considering that the dug out areas are going to be the new foundation edge, they probably cut the J-bolts in the old locations–which makes using the old foundation edges difficult (J-bolts need to hook under the top rebar in the foundation) It also looks like they cut down into the existing foundation for new load walls/posts? (Only thing I can think of for those cut out areas)

[djc]

Ah, I didn’t think about the remodeling angle and overlooked the standing wall. The house didn’t seem to be in the condition to warrant tearing it down.

[sdrealtor]

LOts of false assumptions here. There was a really nice 4600 sq ft one story house there. It burned down leaving only the guest house left. The owner bought it in 2003 for $1.05M and put 20% down. He already got more than he deserved.

[djc]

Thanks for the follow up, sdrealtor.

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