Del Cerro View Homes

[poway_seller]

The new $420-$443 (‘value range’ priced) per square foot place on Madra had an open house on Sunday. They had signs up for it all week, and by all measures it was a successful Open House…. if your measurement is traffic. We went by at around 3pm and within the 10 minutes we were in the house, another 8 groups had come through.

I guess being on a very busy street helps with open house foot traffic!

Now if they get a bite on it on anything above $1M, that will be a shocker. If they really want to sell it, they better look to lower the price substantially right away before the summer buying frenzy slows down… COMPS in the area are 30%+ below their asking price.

On top of the ‘mad’ price, they had a pianist playing throughout the Open House… it was a bit 2005…. meanwhile the husband/contractor/homeowner was hawking his company’s services with flyers on the kitchen table.

Open House Score:
– Showability “A-” (street is too busy, but house shows well, claim it as “single level” but one must climb many stairs to get to the first/main level)
– Upgrades “A-” (mostly well done, but oddly placed arched doors and lack of use of slabs on some counters)
– Carpet “C” (looks like they bought it at a remnants sale)
– Asking Price for Value “D” (30%+ overpriced)
– Community “A” (central, great schools, views)

[macmichael]

Nice summary on the open house, looks like you captured it very well in you grading. We drove by about 3:30, but had biking clothes on and didn’t stop although I would have like to as I considered the house when it was last for sale, I thought they overpaid at that time.

You named one item – stairs and more stairs to get up to 1st level and you get to carry all the groceries, etc up there. Most realtors will tell you that can be a deal killer. Plus hard to come out of garage and turn around or you have to back onto Madra and that is a tough spot to do it at.

Also having the ugly Betty REO across street and the perpetual unfinished / no siding disaster 2 doors to the west are real attractions that should really help the appeal. Or perhaps these are attractions intended to raise the value / price.

[macmichael]

Nice summary on the open house, looks like you captured it very well in you grading. We drove by about 3:30, but had biking clothes on and didn’t stop although I would have like to as I considered the house when it was last for sale, I thought they overpaid at that time.

You named one item – stairs and more stairs to get up to 1st level and you get to carry all the groceries, etc up there. Most realtors will tell you that can be a deal killer. Plus hard to come out of garage and turn around or you have to back onto Madra and that is a tough spot to do it at.

Also having the ugly Betty REO across street and the perpetual unfinished / no siding disaster 2 doors to the west are real attractions that should really help the appeal. Or perhaps these are attractions intended to raise the value / price.

[macmichael]

Nice summary on the open house, looks like you captured it very well in you grading. We drove by about 3:30, but had biking clothes on and didn’t stop although I would have like to as I considered the house when it was last for sale, I thought they overpaid at that time.

You named one item – stairs and more stairs to get up to 1st level and you get to carry all the groceries, etc up there. Most realtors will tell you that can be a deal killer. Plus hard to come out of garage and turn around or you have to back onto Madra and that is a tough spot to do it at.

Also having the ugly Betty REO across street and the perpetual unfinished / no siding disaster 2 doors to the west are real attractions that should really help the appeal. Or perhaps these are attractions intended to raise the value / price.

[macmichael]

Nice summary on the open house, looks like you captured it very well in you grading. We drove by about 3:30, but had biking clothes on and didn’t stop although I would have like to as I considered the house when it was last for sale, I thought they overpaid at that time.

You named one item – stairs and more stairs to get up to 1st level and you get to carry all the groceries, etc up there. Most realtors will tell you that can be a deal killer. Plus hard to come out of garage and turn around or you have to back onto Madra and that is a tough spot to do it at.

Also having the ugly Betty REO across street and the perpetual unfinished / no siding disaster 2 doors to the west are real attractions that should really help the appeal. Or perhaps these are attractions intended to raise the value / price.

[macmichael]

Nice summary on the open house, looks like you captured it very well in you grading. We drove by about 3:30, but had biking clothes on and didn’t stop although I would have like to as I considered the house when it was last for sale, I thought they overpaid at that time.

You named one item – stairs and more stairs to get up to 1st level and you get to carry all the groceries, etc up there. Most realtors will tell you that can be a deal killer. Plus hard to come out of garage and turn around or you have to back onto Madra and that is a tough spot to do it at.

Also having the ugly Betty REO across street and the perpetual unfinished / no siding disaster 2 doors to the west are real attractions that should really help the appeal. Or perhaps these are attractions intended to raise the value / price.

[poway_seller]

Perhaps someone here has some insight into the blighted area known as “mid-Madra”

– The famous REO’s story we all know.

– Next door to that (further west/down the hill), is an equally troublesome looking property that looks like it is in the midst of MAJOR work, the truck in the driveway hasn’t moved in months (by looking at all the built up dusts and leaves and similar build-up under the tires).

– Across the street is the SDSU college rental (not for sale but not the neighbors you likely want)

– the next to that is the pink one that went into foreclosure, was purchased, and then put right back on the market…

– the really close to that one is the one in the middle of a major remodel, high up on a steep slope, with what looks like work trucks that never move as well.

– and next to that is this new $1.3M + place

There are 6 properties in a few hundred yard area that are all suspect…

thoughts?

[poway_seller]

Perhaps someone here has some insight into the blighted area known as “mid-Madra”

– The famous REO’s story we all know.

– Next door to that (further west/down the hill), is an equally troublesome looking property that looks like it is in the midst of MAJOR work, the truck in the driveway hasn’t moved in months (by looking at all the built up dusts and leaves and similar build-up under the tires).

– Across the street is the SDSU college rental (not for sale but not the neighbors you likely want)

– the next to that is the pink one that went into foreclosure, was purchased, and then put right back on the market…

– the really close to that one is the one in the middle of a major remodel, high up on a steep slope, with what looks like work trucks that never move as well.

– and next to that is this new $1.3M + place

There are 6 properties in a few hundred yard area that are all suspect…

thoughts?

[poway_seller]

Perhaps someone here has some insight into the blighted area known as “mid-Madra”

– The famous REO’s story we all know.

– Next door to that (further west/down the hill), is an equally troublesome looking property that looks like it is in the midst of MAJOR work, the truck in the driveway hasn’t moved in months (by looking at all the built up dusts and leaves and similar build-up under the tires).

– Across the street is the SDSU college rental (not for sale but not the neighbors you likely want)

– the next to that is the pink one that went into foreclosure, was purchased, and then put right back on the market…

– the really close to that one is the one in the middle of a major remodel, high up on a steep slope, with what looks like work trucks that never move as well.

– and next to that is this new $1.3M + place

There are 6 properties in a few hundred yard area that are all suspect…

thoughts?

[poway_seller]

Perhaps someone here has some insight into the blighted area known as “mid-Madra”

– The famous REO’s story we all know.

– Next door to that (further west/down the hill), is an equally troublesome looking property that looks like it is in the midst of MAJOR work, the truck in the driveway hasn’t moved in months (by looking at all the built up dusts and leaves and similar build-up under the tires).

– Across the street is the SDSU college rental (not for sale but not the neighbors you likely want)

– the next to that is the pink one that went into foreclosure, was purchased, and then put right back on the market…

– the really close to that one is the one in the middle of a major remodel, high up on a steep slope, with what looks like work trucks that never move as well.

– and next to that is this new $1.3M + place

There are 6 properties in a few hundred yard area that are all suspect…

thoughts?

[poway_seller]

Perhaps someone here has some insight into the blighted area known as “mid-Madra”

– The famous REO’s story we all know.

– Next door to that (further west/down the hill), is an equally troublesome looking property that looks like it is in the midst of MAJOR work, the truck in the driveway hasn’t moved in months (by looking at all the built up dusts and leaves and similar build-up under the tires).

– Across the street is the SDSU college rental (not for sale but not the neighbors you likely want)

– the next to that is the pink one that went into foreclosure, was purchased, and then put right back on the market…

– the really close to that one is the one in the middle of a major remodel, high up on a steep slope, with what looks like work trucks that never move as well.

– and next to that is this new $1.3M + place

There are 6 properties in a few hundred yard area that are all suspect…

thoughts?

[[email protected]]

Looks like this finally moved to “Pending” on the MLS after numerous rumors of it being in escrow. It will be interesting to see what the buyers end up doing to it.

[[email protected]]

Looks like this finally moved to “Pending” on the MLS after numerous rumors of it being in escrow. It will be interesting to see what the buyers end up doing to it.

[[email protected]]

Looks like this finally moved to “Pending” on the MLS after numerous rumors of it being in escrow. It will be interesting to see what the buyers end up doing to it.

[[email protected]]

Looks like this finally moved to “Pending” on the MLS after numerous rumors of it being in escrow. It will be interesting to see what the buyers end up doing to it.

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