$800K house in Mira Mesa – in 2005 just went for $525K

[jimmyle]

http://www.sdlookup.com/MLS-120018230-10646_Brookhollow_Ct_San_Diego_CA_92126

with $159K down (20%) and 5.7% rate, the payment was $3700 plus $10,000/yr in property tax. Reminder of the insanity.

[spdrun]

It’s good that prices in most areas still haven’t been inflated back to 2005 levels, despite the Bearded Counterfeiter’s worst efforts.

[bearishgurl]

WOW, obviously a SS which went way over list but $525K is still a good price. A previous owner (or even the builder, for some of it) appears to have spent $65-$75K on landscaping/hardscaping. A resident can no doubt watch balloons rising from the backyard of this property.

IIRC, I believe this generous lot could have been a model home in the “Porcelain Collection” back in the day. It’s been so long that I toured these models with a friend that I forgot who the builder was.

Yes, the balloons could be viewed at sunset even back then!

Unfortunately, we don’t have AN’s “expertise” to tell us more about the history of his area.

Thanks for sharing, jimmyle!

[jimmyle]

This is one of the best area of Mira Mesa with quick access to the light traffic Sorrento Valley Blvd to avoid the heavy Mira Mesa Blvd traffic. 3 miles to Qualcomm and the biotech cluster. 5 miles to La Jolla and UCSD. I think it was a great deal. With 20% down, payment is under $1700/month.

[bearishgurl]

[quote=jimmyle]This is one of the best area of Mira Mesa with quick access to the light traffic Sorrento Valley Blvd to avoid the heavy Mira Mesa Blvd traffic. 3 miles to Qualcomm and the biotech cluster. 5 miles to La Jolla and UCSD. I think it was a great deal. With 20% down, payment is under $1700/month.[/quote]

Agreed, but at the time this was built and originally sold for ~$250K (VERY high for the area back then), there were only jackrabbits and lizards in Sorrento Mesa. I think the higher price was predicated on the future formation of what is nka the “Penasquitos Canyon Preserve” and the hot air balloon show visible from the backyards. And the “Golden Triangle” had gotten started and was expanding :=]

[Author]

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