Anyone know the story on 1920 Nautilus Street, La Jolla?

[earlyretirement]

Does anyone know the back story on this property? It was sold last year (May 2011) while we were looking for $1.4 million. It looks like it was picked up by an investment company (LLC).

Were they just trying to flip it? With a flip gone wrong. It went back on the market in November 2011 and ended up selling a few weeks ago for $100,000 less than the purchase price.

Just someone that thought they would make some money on a flip and got cold feet and took a loss? I noticed the buyer is also in the financial industry.

I’m just curious if anyone knows the story on this one.

http://www.redfin.com/CA/La-Jolla/1920-Nautilus-St-92037/home/4922885

[ljinvestor]

If you google the old owners name it looks like they took job back east. I’m sure they got corporate relocation to cover loss or new salary is much better. Doesnt look too strange to me. Still too high at $1.3MM with all that street noise

[earlyretirement]

Ah…yeah that would seem to make sense. I didn’t take the time to Google the old owner. I just saw it was an LLC and one of the principles seemed to work at another company as well.

I guess $1.3 MM isn’t too high if someone was willing to pay for it. 🙂

Thanks.

[rent4now]

I recently bought a coupe things from the owner of this house on craigslist. He told me he recently got a divorce and was moving with his g/f to miami.

Oh and yes the house is beautiful but the street is extremely busy and people fly down that hill at 60mph +!

[earlyretirement]

Yikes…you would have thought if a divorce was imminent they would have waited to purchase the property in the first place. Rather than buying and then selling a few short months later….

Oh well…Thanks for sharing that information on the old seller. I always find situations like that interesting when a home gets bought and then sold quickly at a loss.

[scaredyclassic]

How does one know if divorce is imminent?

[earlyretirement]

Well divorces don’t usually happen suddenly overnight. Most of my friends/clients that have gone through one knew the signs well ahead of time.

Typically you have periods of separation ahead of the divorce. It just seemed odd to me to buy a $1.4 million house in May only to dump it at a loss a few months later….

[sdrealtor]

Sometimes people buy houses to save marriages. Never seen it work but I have seen it tried a few times

[earlyretirement]

[quote=sdrealtor]Sometimes people buy houses to save marriages. Never seen it work but I have seen it tried a few times[/quote]

Yeah that’s a good point sdrealtor. I know a friend that tried that but didn’t work. But in his case at least he got to enjoy his house a few years rather than a few short months. Haha.

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