Del Cerro View Homes

[macmichael]

I believe 6486 Started at $ 1.7 for a short while, then went to 1.5 and then 1.35 and so forth. Agent was a stranger to Del Cerro and over priced. Took way too long to finally get it down to realistic. The house was well kept, but too modernistic for my taste. Biggest drawback was garage on lower level, alot of stairs to get to entry. In this price range people generally don’t want to carry groceries up all these stairs to kitchen, etc. This is true of lots of big Del Cerro homes, but any agent that knows will tell you better for garage / entry to be on same level at street and then go to basement for bedrooms / family versus the way this one was. Ditto others on Dwane.

Overlake is special unique street with great views especially of the lake if on the East side. There is one vacant lot on Ridgemoore, they were asking $ 1.2 last year. Now that was a real laugh.

As regards the one for sale it was a very custom plan by the builder who built alot of the homes in Del Cerro. From the entry there is a staircase that goes up to the master bedroom ( well lets call it unique ), but bedroom / bath / closet is too small by 2008 standards and no real way to solve. Other “unique” features. I though at the time, 2005, that buyer over paid as it needed lots of work. It will be interesting to see what happens.

[KamFongasChinHo]

Congratulations to the sellers! What a relief for them that a person is willing to take such a risk on a million dollar home in today’s market. Looking at Chula Vista as one San Diego area that saw million dollar properties now sell for a scant $600k, I guess Del Cerro isn’t Chula Vista.

Hopefully, these buyers are putting a down a big down payment and are not going to be selling at the first sign of additional price declines. At $286 a sq ft if it sells at the asking price still seems a bit steep for a home so large (since demand can be gauged by how long it’s been on the market it appears there wasn’t much demand for this home). It does look nice in the pictures however. A willingness to prove the naysayers wrong with such a big purchase has to have these homesellers giddy. I have to believe they were worried if they were going to have to drop the price again or if it would ever sell. Maybe this is the biggest housing crisis since the Great Depression and maybe it isn’t. I know I don’t want to risk my capital on betting that things won’t go down further.

“It will be the biggest housing-price decline since the Great Depression,” Heebner, 66, said today in an interview in Boston. Prices may fall by a fifth in some markets, he said.

That would leave home prices at levels last seen in 2003 and 2004 … The damage from high-risk mortgages will slow the U.S. economy, though not enough to send it into a recession …

[KamFongasChinHo]

Congratulations to the sellers! What a relief for them that a person is willing to take such a risk on a million dollar home in today’s market. Looking at Chula Vista as one San Diego area that saw million dollar properties now sell for a scant $600k, I guess Del Cerro isn’t Chula Vista.

Hopefully, these buyers are putting a down a big down payment and are not going to be selling at the first sign of additional price declines. At $286 a sq ft if it sells at the asking price still seems a bit steep for a home so large (since demand can be gauged by how long it’s been on the market it appears there wasn’t much demand for this home). It does look nice in the pictures however. A willingness to prove the naysayers wrong with such a big purchase has to have these homesellers giddy. I have to believe they were worried if they were going to have to drop the price again or if it would ever sell. Maybe this is the biggest housing crisis since the Great Depression and maybe it isn’t. I know I don’t want to risk my capital on betting that things won’t go down further.

“It will be the biggest housing-price decline since the Great Depression,” Heebner, 66, said today in an interview in Boston. Prices may fall by a fifth in some markets, he said.

That would leave home prices at levels last seen in 2003 and 2004 … The damage from high-risk mortgages will slow the U.S. economy, though not enough to send it into a recession …

[KamFongasChinHo]

Congratulations to the sellers! What a relief for them that a person is willing to take such a risk on a million dollar home in today’s market. Looking at Chula Vista as one San Diego area that saw million dollar properties now sell for a scant $600k, I guess Del Cerro isn’t Chula Vista.

Hopefully, these buyers are putting a down a big down payment and are not going to be selling at the first sign of additional price declines. At $286 a sq ft if it sells at the asking price still seems a bit steep for a home so large (since demand can be gauged by how long it’s been on the market it appears there wasn’t much demand for this home). It does look nice in the pictures however. A willingness to prove the naysayers wrong with such a big purchase has to have these homesellers giddy. I have to believe they were worried if they were going to have to drop the price again or if it would ever sell. Maybe this is the biggest housing crisis since the Great Depression and maybe it isn’t. I know I don’t want to risk my capital on betting that things won’t go down further.

“It will be the biggest housing-price decline since the Great Depression,” Heebner, 66, said today in an interview in Boston. Prices may fall by a fifth in some markets, he said.

That would leave home prices at levels last seen in 2003 and 2004 … The damage from high-risk mortgages will slow the U.S. economy, though not enough to send it into a recession …

[KamFongasChinHo]

Congratulations to the sellers! What a relief for them that a person is willing to take such a risk on a million dollar home in today’s market. Looking at Chula Vista as one San Diego area that saw million dollar properties now sell for a scant $600k, I guess Del Cerro isn’t Chula Vista.

Hopefully, these buyers are putting a down a big down payment and are not going to be selling at the first sign of additional price declines. At $286 a sq ft if it sells at the asking price still seems a bit steep for a home so large (since demand can be gauged by how long it’s been on the market it appears there wasn’t much demand for this home). It does look nice in the pictures however. A willingness to prove the naysayers wrong with such a big purchase has to have these homesellers giddy. I have to believe they were worried if they were going to have to drop the price again or if it would ever sell. Maybe this is the biggest housing crisis since the Great Depression and maybe it isn’t. I know I don’t want to risk my capital on betting that things won’t go down further.

“It will be the biggest housing-price decline since the Great Depression,” Heebner, 66, said today in an interview in Boston. Prices may fall by a fifth in some markets, he said.

That would leave home prices at levels last seen in 2003 and 2004 … The damage from high-risk mortgages will slow the U.S. economy, though not enough to send it into a recession …

[KamFongasChinHo]

Congratulations to the sellers! What a relief for them that a person is willing to take such a risk on a million dollar home in today’s market. Looking at Chula Vista as one San Diego area that saw million dollar properties now sell for a scant $600k, I guess Del Cerro isn’t Chula Vista.

Hopefully, these buyers are putting a down a big down payment and are not going to be selling at the first sign of additional price declines. At $286 a sq ft if it sells at the asking price still seems a bit steep for a home so large (since demand can be gauged by how long it’s been on the market it appears there wasn’t much demand for this home). It does look nice in the pictures however. A willingness to prove the naysayers wrong with such a big purchase has to have these homesellers giddy. I have to believe they were worried if they were going to have to drop the price again or if it would ever sell. Maybe this is the biggest housing crisis since the Great Depression and maybe it isn’t. I know I don’t want to risk my capital on betting that things won’t go down further.

“It will be the biggest housing-price decline since the Great Depression,” Heebner, 66, said today in an interview in Boston. Prices may fall by a fifth in some markets, he said.

That would leave home prices at levels last seen in 2003 and 2004 … The damage from high-risk mortgages will slow the U.S. economy, though not enough to send it into a recession …

[Anonymous]

I was told by an involved party that the winning bid on 5915 Madra Ave was $606K.

I really like the home too, but I think $606K was too high for the shape the property is in.

Where did you hear it had major foundation issues? The doors were true and no obvious defects. But I was only there for a few minutes.

[Anonymous]

I was told by an involved party that the winning bid on 5915 Madra Ave was $606K.

I really like the home too, but I think $606K was too high for the shape the property is in.

Where did you hear it had major foundation issues? The doors were true and no obvious defects. But I was only there for a few minutes.

[Anonymous]

I was told by an involved party that the winning bid on 5915 Madra Ave was $606K.

I really like the home too, but I think $606K was too high for the shape the property is in.

Where did you hear it had major foundation issues? The doors were true and no obvious defects. But I was only there for a few minutes.

[Anonymous]

I was told by an involved party that the winning bid on 5915 Madra Ave was $606K.

I really like the home too, but I think $606K was too high for the shape the property is in.

Where did you hear it had major foundation issues? The doors were true and no obvious defects. But I was only there for a few minutes.

[Anonymous]

I was told by an involved party that the winning bid on 5915 Madra Ave was $606K.

I really like the home too, but I think $606K was too high for the shape the property is in.

Where did you hear it had major foundation issues? The doors were true and no obvious defects. But I was only there for a few minutes.

[Anonymous]

Is 5915 Madra really in escrow? Everything I see shows it as active.

I thought the same thing when I was first in it. When I returned the next day, I did find some issues with the doors.

The entire foundation pad had “heaved” Perhaps the footing were ok but the pad was toast. I’ve never seen so many cracks filled with epoxy.

I’m VERY curious to see what comes of the property. It’s just funky enough to be really cool with the right owner.

[Anonymous]

Is 5915 Madra really in escrow? Everything I see shows it as active.

I thought the same thing when I was first in it. When I returned the next day, I did find some issues with the doors.

The entire foundation pad had “heaved” Perhaps the footing were ok but the pad was toast. I’ve never seen so many cracks filled with epoxy.

I’m VERY curious to see what comes of the property. It’s just funky enough to be really cool with the right owner.

[Anonymous]

Is 5915 Madra really in escrow? Everything I see shows it as active.

I thought the same thing when I was first in it. When I returned the next day, I did find some issues with the doors.

The entire foundation pad had “heaved” Perhaps the footing were ok but the pad was toast. I’ve never seen so many cracks filled with epoxy.

I’m VERY curious to see what comes of the property. It’s just funky enough to be really cool with the right owner.

[Anonymous]

Is 5915 Madra really in escrow? Everything I see shows it as active.

I thought the same thing when I was first in it. When I returned the next day, I did find some issues with the doors.

The entire foundation pad had “heaved” Perhaps the footing were ok but the pad was toast. I’ve never seen so many cracks filled with epoxy.

I’m VERY curious to see what comes of the property. It’s just funky enough to be really cool with the right owner.

[Author]

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