Del Cerro View Homes

[macmichael]

There was a “must sell” flip gone bad on Madra (5980?) that finally sold at the end of 2007. It was first listed at up to 1.6m, and sold for less than $1m. I think it was about 3500 sq ft and some very extensive rehab work was done there.

You are right this was flip gone very very bad. They paid 869K and it took almost 2 years and probably put in about 150 – 200 in renovation costs. So cost including carrying was about 1.150 – 1.2. Sold recently for 970 as I recall. Buyers got a pretty good deal, but there were lots of stuff done in the remodel that didn’t come out well and looked cheap.

I looked at this hard to buy for myself, but knowing all that was needed my target at the time was $ 700 and they wouldn’t listen to a number at that level. So another fish caught the knife.

[poway_seller]

Tumbles you ever find anything? i have been waiting for new listings to pop up in the area, but looks like that is not going to happen. im thinkin of just doing another viewing of all the homes in that 700-1m range and especially since mortage rates are still fairly reasonable. there was a listing that closed escrow today in del cerro, and it was about $290 square foot-prices holding up well it seems.

[poway_seller]

Tumbles you ever find anything? i have been waiting for new listings to pop up in the area, but looks like that is not going to happen. im thinkin of just doing another viewing of all the homes in that 700-1m range and especially since mortage rates are still fairly reasonable. there was a listing that closed escrow today in del cerro, and it was about $290 square foot-prices holding up well it seems.

[poway_seller]

Tumbles you ever find anything? i have been waiting for new listings to pop up in the area, but looks like that is not going to happen. im thinkin of just doing another viewing of all the homes in that 700-1m range and especially since mortage rates are still fairly reasonable. there was a listing that closed escrow today in del cerro, and it was about $290 square foot-prices holding up well it seems.

[poway_seller]

Tumbles you ever find anything? i have been waiting for new listings to pop up in the area, but looks like that is not going to happen. im thinkin of just doing another viewing of all the homes in that 700-1m range and especially since mortage rates are still fairly reasonable. there was a listing that closed escrow today in del cerro, and it was about $290 square foot-prices holding up well it seems.

[poway_seller]

Tumbles you ever find anything? i have been waiting for new listings to pop up in the area, but looks like that is not going to happen. im thinkin of just doing another viewing of all the homes in that 700-1m range and especially since mortage rates are still fairly reasonable. there was a listing that closed escrow today in del cerro, and it was about $290 square foot-prices holding up well it seems.

[betting on fall]

That house that closed looked well rehabed, was on a large lot and was big for the area. Other houses in that same neighborhood have been listed at higher prices in the last six months, but failed to sell.

So I think that closing is evidence that home prices are stepping down, but the steps are slow when so few houses actually sell. Compared to anything that closed in the last two years, it was a pretty good deal.

(and why are all you also shopping here! go buy in Carmel Valley or something. I want to be the only well qualifed housing vulture looking in this area!)

[betting on fall]

That house that closed looked well rehabed, was on a large lot and was big for the area. Other houses in that same neighborhood have been listed at higher prices in the last six months, but failed to sell.

So I think that closing is evidence that home prices are stepping down, but the steps are slow when so few houses actually sell. Compared to anything that closed in the last two years, it was a pretty good deal.

(and why are all you also shopping here! go buy in Carmel Valley or something. I want to be the only well qualifed housing vulture looking in this area!)

[betting on fall]

That house that closed looked well rehabed, was on a large lot and was big for the area. Other houses in that same neighborhood have been listed at higher prices in the last six months, but failed to sell.

So I think that closing is evidence that home prices are stepping down, but the steps are slow when so few houses actually sell. Compared to anything that closed in the last two years, it was a pretty good deal.

(and why are all you also shopping here! go buy in Carmel Valley or something. I want to be the only well qualifed housing vulture looking in this area!)

[betting on fall]

That house that closed looked well rehabed, was on a large lot and was big for the area. Other houses in that same neighborhood have been listed at higher prices in the last six months, but failed to sell.

So I think that closing is evidence that home prices are stepping down, but the steps are slow when so few houses actually sell. Compared to anything that closed in the last two years, it was a pretty good deal.

(and why are all you also shopping here! go buy in Carmel Valley or something. I want to be the only well qualifed housing vulture looking in this area!)

[betting on fall]

That house that closed looked well rehabed, was on a large lot and was big for the area. Other houses in that same neighborhood have been listed at higher prices in the last six months, but failed to sell.

So I think that closing is evidence that home prices are stepping down, but the steps are slow when so few houses actually sell. Compared to anything that closed in the last two years, it was a pretty good deal.

(and why are all you also shopping here! go buy in Carmel Valley or something. I want to be the only well qualifed housing vulture looking in this area!)

[poway_seller]

why am i looking here? same reason as you very likely… CV is a rat race, and del cerro is actually a really quaint, family oriented tight neighborhood. if we’re looking in the same price range and house style, then you and i are looking at just a few available homes (there arent more than 5 or so in the 750-900 range). just stay away from the ones I’ve got my eye on 🙂

[poway_seller]

why am i looking here? same reason as you very likely… CV is a rat race, and del cerro is actually a really quaint, family oriented tight neighborhood. if we’re looking in the same price range and house style, then you and i are looking at just a few available homes (there arent more than 5 or so in the 750-900 range). just stay away from the ones I’ve got my eye on 🙂

[poway_seller]

why am i looking here? same reason as you very likely… CV is a rat race, and del cerro is actually a really quaint, family oriented tight neighborhood. if we’re looking in the same price range and house style, then you and i are looking at just a few available homes (there arent more than 5 or so in the 750-900 range). just stay away from the ones I’ve got my eye on 🙂

[poway_seller]

why am i looking here? same reason as you very likely… CV is a rat race, and del cerro is actually a really quaint, family oriented tight neighborhood. if we’re looking in the same price range and house style, then you and i are looking at just a few available homes (there arent more than 5 or so in the 750-900 range). just stay away from the ones I’ve got my eye on 🙂

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