Carmel Valley sale +10% from Oct 2006- Oct 2007

[jumbo]

Interesting to see a $100k increase in 11 months. Sold only $9k less than asking.

Property Information
Street Number: 12678
Apt Number:
Street: Monterey Cypress Way
City: San Diego
Zip Code: 92130
Beds: 5
Baths: 3
Year built: 1987
Sqft: 3,109
Lot Size: 7,880
Sales History
Historical home sale price (1): $1,080,000
Prior sale date: Oct 2, 2007
Change since this sale (1): NA

Historical home sale price (2): $980,000
Prior sale date: Oct 31, 2006
Change since this sale (2): +10%

Historical home sale price (3): $470,000
Prior sale date: Jul 10, 1996
Change since this sale (3): +130%

[zk]

All it takes is one chump with a bad real estate agent to pay way too much for a property. And we all know there are plenty of chumps and plenty of bad real estate agents out there. Over the last year or so, and especially the last few months, even most of the chumps have been educated. Obviously not all of them, though.

[zk]

All it takes is one chump with a bad real estate agent to pay way too much for a property. And we all know there are plenty of chumps and plenty of bad real estate agents out there. Over the last year or so, and especially the last few months, even most of the chumps have been educated. Obviously not all of them, though.

[zk]

All it takes is one chump with a bad real estate agent to pay way too much for a property. And we all know there are plenty of chumps and plenty of bad real estate agents out there. Over the last year or so, and especially the last few months, even most of the chumps have been educated. Obviously not all of them, though.

[zk]

All it takes is one chump with a bad real estate agent to pay way too much for a property. And we all know there are plenty of chumps and plenty of bad real estate agents out there. Over the last year or so, and especially the last few months, even most of the chumps have been educated. Obviously not all of them, though.

[zk]

All it takes is one chump with a bad real estate agent to pay way too much for a property. And we all know there are plenty of chumps and plenty of bad real estate agents out there. Over the last year or so, and especially the last few months, even most of the chumps have been educated. Obviously not all of them, though.

[4runner]

Well, they’re not making any more land in Carmel Valley, you know.

[cyphire]

Not sure if this is the case, but it would be possible that the house was updated. Lots of houses in Carmel Valley get new kitchens, new wood floors, etc. Perhaps a flipper updated the house and then tried to get their money back out of it. I wouldn’t be surprised if this was the case.

[cyphire]

Not sure if this is the case, but it would be possible that the house was updated. Lots of houses in Carmel Valley get new kitchens, new wood floors, etc. Perhaps a flipper updated the house and then tried to get their money back out of it. I wouldn’t be surprised if this was the case.

[cyphire]

Not sure if this is the case, but it would be possible that the house was updated. Lots of houses in Carmel Valley get new kitchens, new wood floors, etc. Perhaps a flipper updated the house and then tried to get their money back out of it. I wouldn’t be surprised if this was the case.

[cyphire]

Not sure if this is the case, but it would be possible that the house was updated. Lots of houses in Carmel Valley get new kitchens, new wood floors, etc. Perhaps a flipper updated the house and then tried to get their money back out of it. I wouldn’t be surprised if this was the case.

[cyphire]

Not sure if this is the case, but it would be possible that the house was updated. Lots of houses in Carmel Valley get new kitchens, new wood floors, etc. Perhaps a flipper updated the house and then tried to get their money back out of it. I wouldn’t be surprised if this was the case.

[4runner]

Well, they’re not making any more land in Carmel Valley, you know.

[4runner]

Well, they’re not making any more land in Carmel Valley, you know.

[4runner]

Well, they’re not making any more land in Carmel Valley, you know.

[4runner]

Well, they’re not making any more land in Carmel Valley, you know.

[Coronita]

Not much of a flip if you factor in agent fees, taxes, and mortgage.

Perhaps an over-leveraged person found a knife catcher? 

[Arty]

As long as is not 100% financed, it is cool with me. I mean it is their money and the down turn in price will eat their 20% (hopefully) down payment.

[Arty]

As long as is not 100% financed, it is cool with me. I mean it is their money and the down turn in price will eat their 20% (hopefully) down payment.

[Arty]

As long as is not 100% financed, it is cool with me. I mean it is their money and the down turn in price will eat their 20% (hopefully) down payment.

[Arty]

As long as is not 100% financed, it is cool with me. I mean it is their money and the down turn in price will eat their 20% (hopefully) down payment.

[Arty]

As long as is not 100% financed, it is cool with me. I mean it is their money and the down turn in price will eat their 20% (hopefully) down payment.

[cyphire]

I’m not suggesting it was a ‘successful’ flip! I just mean the timing is right, where a flipper might have still thought that the market was ripe for another flip, bought the house, did the renovations, and then found out they couldn’t get their costs back. I’m sure that if work was done on the house, they needed to get their equity back out, irregardless of the economics of their flip!

[cyphire]

I’m not suggesting it was a ‘successful’ flip! I just mean the timing is right, where a flipper might have still thought that the market was ripe for another flip, bought the house, did the renovations, and then found out they couldn’t get their costs back. I’m sure that if work was done on the house, they needed to get their equity back out, irregardless of the economics of their flip!

[cyphire]

I’m not suggesting it was a ‘successful’ flip! I just mean the timing is right, where a flipper might have still thought that the market was ripe for another flip, bought the house, did the renovations, and then found out they couldn’t get their costs back. I’m sure that if work was done on the house, they needed to get their equity back out, irregardless of the economics of their flip!

[cyphire]

I’m not suggesting it was a ‘successful’ flip! I just mean the timing is right, where a flipper might have still thought that the market was ripe for another flip, bought the house, did the renovations, and then found out they couldn’t get their costs back. I’m sure that if work was done on the house, they needed to get their equity back out, irregardless of the economics of their flip!

[cyphire]

I’m not suggesting it was a ‘successful’ flip! I just mean the timing is right, where a flipper might have still thought that the market was ripe for another flip, bought the house, did the renovations, and then found out they couldn’t get their costs back. I’m sure that if work was done on the house, they needed to get their equity back out, irregardless of the economics of their flip!

[Coronita]

Not much of a flip if you factor in agent fees, taxes, and mortgage.

Perhaps an over-leveraged person found a knife catcher? 

[Coronita]

Not much of a flip if you factor in agent fees, taxes, and mortgage.

Perhaps an over-leveraged person found a knife catcher? 

[Coronita]

Not much of a flip if you factor in agent fees, taxes, and mortgage.

Perhaps an over-leveraged person found a knife catcher? 

[Coronita]

Not much of a flip if you factor in agent fees, taxes, and mortgage.

Perhaps an over-leveraged person found a knife catcher? 

[Author]

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