$47k Loss in Carlsbad in nearly 2 years ++

[PerryChase]

Is this the Bressi Ranch development people have been writting about? I’ve not been there yet so I don’t know.

There’s no way this 2000sf house will sell for $900k. They’d be lucky to get $700k.

There are other similar losses on the other Lennar models on Palmetto Dr. in Carlsbad.

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2775 PALMETTO DRIVE, Carlsbad, CA 92009**

List Price: $902,720 – $902,720
Bedrooms: 4
Full Baths: 3
Partial Baths: 0
Square Feet: 2,094
Lot Size: 11,000 Sq. Ft.
Year Built: 2005
Listing Date: 04/15/06
On Market: 211 days
Type: SFR
Status: ACTIVE
MLS #: 064077086

ZipRealty Details

Purchase Details

[CardiffBaseball]

211 days on market? Time to lower the price.

[farbet]

About a mile or so south is the LA Costa Ridge development.
PULTE,KB etc. I visited this weekend. No Mello ROOS. Prices are in the 800’s.
Bressi was overpriced with small lots. I remember visiting in Feb 2005 .It was raining that day and the people were lined up with deposit checks!! Wow

[Bugs]

This unit is one of the model homes for it’s project and comes with virtually every option and upgrade that the developer offered in that project. The investor group that bought this unit also bought all the other model homes built by Lennar in Bressi Ranch. They recently tries to auction these homes off but apparently were unable to get their prices.

Having been exposed to the market already, I don’t think it’s likely that this unit will sell at this listing price.

[farbet]

No way. I agree with you.Who is advising these jokers anyway?
PPPlease

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