November 12, 2006 at 6:57 PM #7898PerryChaseParticipant
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.
2775 PALMETTO DRIVE, Carlsbad, CA 92009**
List Price: $902,720 – $902,720
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
MLS #: 064077086November 12, 2006 at 11:20 PM #39830CardiffBaseballParticipant
211 days on market? Time to lower the price.November 13, 2006 at 8:23 AM #39838farbetParticipant
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!! WowNovember 13, 2006 at 9:33 AM #39843BugsParticipant
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.November 13, 2006 at 12:32 PM #39866farbetParticipant
No way. I agree with you.Who is advising these jokers anyway?
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