Distribution of Wealth in SD County

[bearishgurl]

[quote=AN]I checked up on 91902 again to see why why you think I was mistaken. I still don’t know what you’re talking about. Are these not 92102 SFR?

ACTIVE:
http://www.sdlookup.com/MLS-100007514-1249_Fallbrook_Ct_Bonita_CA_91902
http://www.sdlookup.com/MLS-100021279-1209_Fallbrook_Ct_Bonita_CA_91902
http://www.sdlookup.com/MLS-090067385-5659_Sweetwater_Rd_Bonita_CA_91902

CLOSED:
http://www.sdlookup.com/MLS-090069779-4112_Country_Ln_Bonita_CA_91902
http://www.sdlookup.com/MLS-090065641-510_Camino_Elevado_Bonita_CA_91902
http://www.sdlookup.com/MLS-100003927-543_Galveston_Way_Bonita_CA_91902

I hardly consider these are upper MC. . .[/quote]

AN, I didn’t say that you were “mistaken,” I said you skewed values in 91902 b/c you used some condos to arrive at SFR values. You had the SFR values in 91902 as low as $200K in one of your posts.

On your 3 active listings, two are on Fallbrook Ct. in Bonita Hills. Two houses at the end of this cul-de-sac have about 30 vehicles between them, parked all over the place. About three houses are painted extremely bright colors. It’s kind of a junky street b/c of this. Because the first one is a heavy fixer, the buyers were probably already nervous about it, thus they saw a way to back out when the bank played games over $500. Don’t know what the liens are the buyers would be asked to pay. I don’t believe there is an HOA there. I was in this property before it was gutted and it is very dark inside and the backyard small. The lots (exc. for one with a long driveway) on Fallbrook aren’t very lg. by Bonita stds. Your 3rd active listing is on SW Road (main route to Spring Valley), a “stone’s throw” from the South County Animal Shelter (dogs barking day and night). This is why the low prices of your actives.

On your solds, the first two properties are 70’s fixers. Both need a lot of work, the 2nd more than the 1st. Both still have accoustical ceiling in some rooms. The first one is also subject to very strict Bonita Highlands HOA CC&R’s such as: You cannot park boats or RV’s in front of the most forward part of your house and they must be gated 6’ high. Any non-running vehicle parked in the driveway must be covered. An owner can only choose from their list of paint and roofing mat’l and the combo must go thru them first. You cannot have anything taller than your back fence (6’) stored or built (i.e. satellite dish, gazebo, etc.) Your 2nd sold in “Bonita Ridge Estates” is on a smallish lot where the backyard is directly above Otay Lakes Rd., a main thoroughfare used by residents of 91913, 91914 and 91915. It is also a bus route to all the schools and college and is extremely noisy. Your 3rd sold in Bonita Long Canyon “Colton Trails” is on one of the most coveted streets with the longest driveways and largest lots in the development. $555K is a very good buy for that property as it also has walking trail access to BVH and nearby park. However, the BLC open space suffers from high power lines.

Exc. for the last one in Colton Trails, none of your actives/solds here are “upper MC.” I’m going to revise my demographic for 91902 to “MC, Upper MC and Wealth.” I moved away from there 9 years ago but it is starting to look a little “raggedy around the edges” due to the aging of the housing stock and lack of maintenance.

[an]

http://www.sdlookup.com/Real_Estate-Bonita-Houses_For_Sale-91902, this is the list of all active listings in 91902. This is where I got the $200k price from. As you can see from that list, there are 5 in the $200k range, 6 in the $300k range. So, although they’re not the majority of 91902, they are there. There are 11 properties currently active above $700k and 11 properties bellow $400k. So, I stand corrected. Their range should be $400k-600k, not $200k-600k. You do get a lot for $400k-$600k here. I wish I can get that kind of house for that kind of price up here.

I guess the big recurring theme here is that for almost all of the older areas around Chula Vista, the housing stock is VERY diverse. You have $200k starter homes all the way up to $2M custom homes.

[an]

http://www.sdlookup.com/Real_Estate-Bonita-Houses_For_Sale-91902, this is the list of all active listings in 91902. This is where I got the $200k price from. As you can see from that list, there are 5 in the $200k range, 6 in the $300k range. So, although they’re not the majority of 91902, they are there. There are 11 properties currently active above $700k and 11 properties bellow $400k. So, I stand corrected. Their range should be $400k-600k, not $200k-600k. You do get a lot for $400k-$600k here. I wish I can get that kind of house for that kind of price up here.

I guess the big recurring theme here is that for almost all of the older areas around Chula Vista, the housing stock is VERY diverse. You have $200k starter homes all the way up to $2M custom homes.

[an]

http://www.sdlookup.com/Real_Estate-Bonita-Houses_For_Sale-91902, this is the list of all active listings in 91902. This is where I got the $200k price from. As you can see from that list, there are 5 in the $200k range, 6 in the $300k range. So, although they’re not the majority of 91902, they are there. There are 11 properties currently active above $700k and 11 properties bellow $400k. So, I stand corrected. Their range should be $400k-600k, not $200k-600k. You do get a lot for $400k-$600k here. I wish I can get that kind of house for that kind of price up here.

I guess the big recurring theme here is that for almost all of the older areas around Chula Vista, the housing stock is VERY diverse. You have $200k starter homes all the way up to $2M custom homes.

[an]

http://www.sdlookup.com/Real_Estate-Bonita-Houses_For_Sale-91902, this is the list of all active listings in 91902. This is where I got the $200k price from. As you can see from that list, there are 5 in the $200k range, 6 in the $300k range. So, although they’re not the majority of 91902, they are there. There are 11 properties currently active above $700k and 11 properties bellow $400k. So, I stand corrected. Their range should be $400k-600k, not $200k-600k. You do get a lot for $400k-$600k here. I wish I can get that kind of house for that kind of price up here.

I guess the big recurring theme here is that for almost all of the older areas around Chula Vista, the housing stock is VERY diverse. You have $200k starter homes all the way up to $2M custom homes.

[an]

http://www.sdlookup.com/Real_Estate-Bonita-Houses_For_Sale-91902, this is the list of all active listings in 91902. This is where I got the $200k price from. As you can see from that list, there are 5 in the $200k range, 6 in the $300k range. So, although they’re not the majority of 91902, they are there. There are 11 properties currently active above $700k and 11 properties bellow $400k. So, I stand corrected. Their range should be $400k-600k, not $200k-600k. You do get a lot for $400k-$600k here. I wish I can get that kind of house for that kind of price up here.

I guess the big recurring theme here is that for almost all of the older areas around Chula Vista, the housing stock is VERY diverse. You have $200k starter homes all the way up to $2M custom homes.

[bearishgurl]

[quote=AN]http://www.sdlookup.com/Real_Estate-Bonita-Houses_For_Sale-91902, this is the list of all active listings in 91902. This is where I got the $200k price from. As you can see from that list, there are 5 in the $200k range, 6 in the $300k range. So, although they’re not the majority of 91902, they are there. There are 11 properties currently active above $700k and 11 properties bellow $400k. So, I stand corrected. Their range should be $400k-600k, not $200k-600k. You do get a lot for $400k-$600k here. I wish I can get that kind of house for that kind of price up here.[/quote]

I have just started using SD Lookup b/c Piggs are using it and it is SHOCKING to me to see street after street how much the prices have fallen!

[bearishgurl]

[quote=AN]http://www.sdlookup.com/Real_Estate-Bonita-Houses_For_Sale-91902, this is the list of all active listings in 91902. This is where I got the $200k price from. As you can see from that list, there are 5 in the $200k range, 6 in the $300k range. So, although they’re not the majority of 91902, they are there. There are 11 properties currently active above $700k and 11 properties bellow $400k. So, I stand corrected. Their range should be $400k-600k, not $200k-600k. You do get a lot for $400k-$600k here. I wish I can get that kind of house for that kind of price up here.[/quote]

I have just started using SD Lookup b/c Piggs are using it and it is SHOCKING to me to see street after street how much the prices have fallen!

[bearishgurl]

[quote=AN]http://www.sdlookup.com/Real_Estate-Bonita-Houses_For_Sale-91902, this is the list of all active listings in 91902. This is where I got the $200k price from. As you can see from that list, there are 5 in the $200k range, 6 in the $300k range. So, although they’re not the majority of 91902, they are there. There are 11 properties currently active above $700k and 11 properties bellow $400k. So, I stand corrected. Their range should be $400k-600k, not $200k-600k. You do get a lot for $400k-$600k here. I wish I can get that kind of house for that kind of price up here.[/quote]

I have just started using SD Lookup b/c Piggs are using it and it is SHOCKING to me to see street after street how much the prices have fallen!

[bearishgurl]

[quote=AN]http://www.sdlookup.com/Real_Estate-Bonita-Houses_For_Sale-91902, this is the list of all active listings in 91902. This is where I got the $200k price from. As you can see from that list, there are 5 in the $200k range, 6 in the $300k range. So, although they’re not the majority of 91902, they are there. There are 11 properties currently active above $700k and 11 properties bellow $400k. So, I stand corrected. Their range should be $400k-600k, not $200k-600k. You do get a lot for $400k-$600k here. I wish I can get that kind of house for that kind of price up here.[/quote]

I have just started using SD Lookup b/c Piggs are using it and it is SHOCKING to me to see street after street how much the prices have fallen!

[bearishgurl]

[quote=AN]http://www.sdlookup.com/Real_Estate-Bonita-Houses_For_Sale-91902, this is the list of all active listings in 91902. This is where I got the $200k price from. As you can see from that list, there are 5 in the $200k range, 6 in the $300k range. So, although they’re not the majority of 91902, they are there. There are 11 properties currently active above $700k and 11 properties bellow $400k. So, I stand corrected. Their range should be $400k-600k, not $200k-600k. You do get a lot for $400k-$600k here. I wish I can get that kind of house for that kind of price up here.[/quote]

I have just started using SD Lookup b/c Piggs are using it and it is SHOCKING to me to see street after street how much the prices have fallen!

[bearishgurl]

[quote=AN]
http://www.sdlookup.com/MLS-100017243-84….
Closed at 895k. . .

http://www.sdlookup.com/MLS-100010307-12…. Closed for $760k for a 2384 sq-ft house. . .

How many 2300 sq-ft house in 91910 w/ only 7500 sq-ft NO-view lot can fetch $760k?[/quote]

AN, I didn’t see any on SDLookup SOLDS but I think you might be trying to compare apples to oranges here.

A lot of the housing stock in 91910 (north of H St. and west of 805) are fixers. There are not many family-type “bread and butter” properties, as you call them, near dtn. CV. Most of the orig. built 1800+ sf properties in the western portion of 91910 are located south of H St.

The “coveted” properties near dtn. CV on 1+ AC lots, such as these active listings, don’t come up the market very often, for good reason – PRIVACY. In addition, they are located just over ONE MILE from the bay, which spells “cool breeze.”

This thing took at least 3 years to build.

http://www.sdlookup.com/MLS-100028590-475_Carvalos_Dr_Chula_Vista_CA_91910

Here’s a light fixer on the same st. I’ve was inside a few yrs. ago and it’s in relatively good shape. Needs new appls. and deck repair. Over 1 AC lot/2 levels.

http://www.sdlookup.com/MLS-100025182-445_Carvalos_Dr_Chula_Vista_CA_91910

Here are two examples of recent SOLD comps in the dtn./Hilltop area.

http://www.sdlookup.com/MLS-100011582-10_2nd_Ave_Chula_Vista_CA_91910

Not a bad price pd. for the “Lucious Wright House” considering it’s Mills Act contract and $860 yr. prop tax bill. Buy a tractor mower – LOL.

http://www.sdlookup.com/MLS-090069677-333_Hilltop_Dr_Chula_Vista_CA_91910

Whoever got this fixer got an AWESOME deal. It’s in GREAT cond. on the outside and has a 120 ft. long driveway.

Do any Piggs have REALIST around here? I would venture that these were both ALL-CASH deals.

The above properties, a “move-on” and “custom” are less than one mile from each other. Look at the diversity. Then add your 777SF “short-sale hopeful” on 2nd and G (7 min. walk to Carvalos St. and 5 min. walk to 333 Hilltop) to this pile and there you have it. A mishmash of non-homogenous properties. I’ve seen two properties with atriums in the middle of the step-down ‘60’s LR (yes, complete with dirt, recirculating fountain and real trees) and brass intercom system in the middle of this ‘hood. Dtn. Chula cannot even be compared to PQ. It is a completely different market. The small tracts here are mostly WWII boxes. Many are completely remodeled.

[quote=AN]I guess the big recurring theme here is that for almost all of the older areas around Chula Vista, the housing stock is VERY diverse. You have $200k starter homes all the way up to $2M custom homes.[/quote]

Now you understand, except make that $200K to $4M.

If you want 70’s or 80’s built without MR, you will have to go to East J St. (E. of 805). Part of north side has great views but entire area suffers from high power lines. If you are willing to pay MR (and sometimes street bonds) then go to Rancho Del Rey (RDR), north and south of East H St.

If you are willing to pay about $100 mo. HOA then go to Terra Nova. This SOLD has one of the few unobstructed full views of dtn. SD in the subdivision!

http://www.sdlookup.com/MLS-090041981-490_Smoky_Cir_Chula_Vista_CA_91910

Back to your $895K McMansion (3725 SF) on Watson Ranch St. in PQ, did you notice it has exorbitant MR? This figure probably does NOT include mo. street bonds or HOA. And how do you park a vehicle in front of one garage door and still drive into the other garage?? We used to laugh about McMillin’s “space-saving-tandem” design in Otay Ranch. For these reasons, Watson Ranch St. did GREAT to fetch $895K, IMO. Add in A/C costs onto this property 4-5 mos. per yr., “regular” prop. taxes and fire policy and omg, it’s a recipe for another “60-Minutes-white-elephant walk-away.”

And why would the buyers need to have an income of $250K to 300K to buy this?? Aren’t they bringing in a downpayment?

Here are listings which sold recently in 91910 in the very exclusive gated Comm. of Belmonte (BVM and BVH schools & Discovery Elem. Sch. [w/Spanish immersion program]). They have HOA and are comparable in size to your Watson Ranch SOLD. 15 mi. from dtn – half the distance of PQ. Ocean breezes on the 2nd highest hill in the area. No A/C needed here. Hey, isn’t PQ 30+ miles inland??

http://www.sdlookup.com/MLS-100000434-405_Milagrosa_Cir_Chula_Vista_CA_91910

http://www.sdlookup.com/MLS-100003133-443_Milagrosa_Chula_Vista_CA_91910

Here are three 91910 SOLDS where the MR is comparable to your Least Tern Ct. SOLD in PQ. Same schools as Belmonte.

http://www.sdlookup.com/MLS-100012643-1149_Carlos_Canyon_Dr_Chula_Vista_CA_91910

http://www.sdlookup.com/MLS-090065388-1177_Carlos_Canyon_Dr_Chula_Vista_CA_91910

http://www.sdlookup.com/MLS-090069880-1013_Burga_Loop_Chula_Vista_CA_91910

The low MR on the first two links is retiring in 2-3 yrs.

I don’t know where the jobs are near PQ. I am out of touch with the area but last time I looked there were four companies on Carroll Cyn. Rd. in Scripps Ranch – LOL.

There are a lot of companies in Eastlake now (8+ mi) and a few in Otay Mesa (7-8 mi) from dtn. CV. And then your usual shipbuilding and Navy jobs + proximity to dtn. SD.

I’m sorry, AN, what was the “draw” of PQ again?? Oh, tech jobs. O-o-o-o-k-kay. Well, maybe we will “grow” some tech jobs in Otay Mesa one day 🙂

[bearishgurl]

[quote=AN]
http://www.sdlookup.com/MLS-100017243-84….
Closed at 895k. . .

http://www.sdlookup.com/MLS-100010307-12…. Closed for $760k for a 2384 sq-ft house. . .

How many 2300 sq-ft house in 91910 w/ only 7500 sq-ft NO-view lot can fetch $760k?[/quote]

AN, I didn’t see any on SDLookup SOLDS but I think you might be trying to compare apples to oranges here.

A lot of the housing stock in 91910 (north of H St. and west of 805) are fixers. There are not many family-type “bread and butter” properties, as you call them, near dtn. CV. Most of the orig. built 1800+ sf properties in the western portion of 91910 are located south of H St.

The “coveted” properties near dtn. CV on 1+ AC lots, such as these active listings, don’t come up the market very often, for good reason – PRIVACY. In addition, they are located just over ONE MILE from the bay, which spells “cool breeze.”

This thing took at least 3 years to build.

http://www.sdlookup.com/MLS-100028590-475_Carvalos_Dr_Chula_Vista_CA_91910

Here’s a light fixer on the same st. I’ve was inside a few yrs. ago and it’s in relatively good shape. Needs new appls. and deck repair. Over 1 AC lot/2 levels.

http://www.sdlookup.com/MLS-100025182-445_Carvalos_Dr_Chula_Vista_CA_91910

Here are two examples of recent SOLD comps in the dtn./Hilltop area.

http://www.sdlookup.com/MLS-100011582-10_2nd_Ave_Chula_Vista_CA_91910

Not a bad price pd. for the “Lucious Wright House” considering it’s Mills Act contract and $860 yr. prop tax bill. Buy a tractor mower – LOL.

http://www.sdlookup.com/MLS-090069677-333_Hilltop_Dr_Chula_Vista_CA_91910

Whoever got this fixer got an AWESOME deal. It’s in GREAT cond. on the outside and has a 120 ft. long driveway.

Do any Piggs have REALIST around here? I would venture that these were both ALL-CASH deals.

The above properties, a “move-on” and “custom” are less than one mile from each other. Look at the diversity. Then add your 777SF “short-sale hopeful” on 2nd and G (7 min. walk to Carvalos St. and 5 min. walk to 333 Hilltop) to this pile and there you have it. A mishmash of non-homogenous properties. I’ve seen two properties with atriums in the middle of the step-down ‘60’s LR (yes, complete with dirt, recirculating fountain and real trees) and brass intercom system in the middle of this ‘hood. Dtn. Chula cannot even be compared to PQ. It is a completely different market. The small tracts here are mostly WWII boxes. Many are completely remodeled.

[quote=AN]I guess the big recurring theme here is that for almost all of the older areas around Chula Vista, the housing stock is VERY diverse. You have $200k starter homes all the way up to $2M custom homes.[/quote]

Now you understand, except make that $200K to $4M.

If you want 70’s or 80’s built without MR, you will have to go to East J St. (E. of 805). Part of north side has great views but entire area suffers from high power lines. If you are willing to pay MR (and sometimes street bonds) then go to Rancho Del Rey (RDR), north and south of East H St.

If you are willing to pay about $100 mo. HOA then go to Terra Nova. This SOLD has one of the few unobstructed full views of dtn. SD in the subdivision!

http://www.sdlookup.com/MLS-090041981-490_Smoky_Cir_Chula_Vista_CA_91910

Back to your $895K McMansion (3725 SF) on Watson Ranch St. in PQ, did you notice it has exorbitant MR? This figure probably does NOT include mo. street bonds or HOA. And how do you park a vehicle in front of one garage door and still drive into the other garage?? We used to laugh about McMillin’s “space-saving-tandem” design in Otay Ranch. For these reasons, Watson Ranch St. did GREAT to fetch $895K, IMO. Add in A/C costs onto this property 4-5 mos. per yr., “regular” prop. taxes and fire policy and omg, it’s a recipe for another “60-Minutes-white-elephant walk-away.”

And why would the buyers need to have an income of $250K to 300K to buy this?? Aren’t they bringing in a downpayment?

Here are listings which sold recently in 91910 in the very exclusive gated Comm. of Belmonte (BVM and BVH schools & Discovery Elem. Sch. [w/Spanish immersion program]). They have HOA and are comparable in size to your Watson Ranch SOLD. 15 mi. from dtn – half the distance of PQ. Ocean breezes on the 2nd highest hill in the area. No A/C needed here. Hey, isn’t PQ 30+ miles inland??

http://www.sdlookup.com/MLS-100000434-405_Milagrosa_Cir_Chula_Vista_CA_91910

http://www.sdlookup.com/MLS-100003133-443_Milagrosa_Chula_Vista_CA_91910

Here are three 91910 SOLDS where the MR is comparable to your Least Tern Ct. SOLD in PQ. Same schools as Belmonte.

http://www.sdlookup.com/MLS-100012643-1149_Carlos_Canyon_Dr_Chula_Vista_CA_91910

http://www.sdlookup.com/MLS-090065388-1177_Carlos_Canyon_Dr_Chula_Vista_CA_91910

http://www.sdlookup.com/MLS-090069880-1013_Burga_Loop_Chula_Vista_CA_91910

The low MR on the first two links is retiring in 2-3 yrs.

I don’t know where the jobs are near PQ. I am out of touch with the area but last time I looked there were four companies on Carroll Cyn. Rd. in Scripps Ranch – LOL.

There are a lot of companies in Eastlake now (8+ mi) and a few in Otay Mesa (7-8 mi) from dtn. CV. And then your usual shipbuilding and Navy jobs + proximity to dtn. SD.

I’m sorry, AN, what was the “draw” of PQ again?? Oh, tech jobs. O-o-o-o-k-kay. Well, maybe we will “grow” some tech jobs in Otay Mesa one day 🙂

[bearishgurl]

[quote=AN]
http://www.sdlookup.com/MLS-100017243-84….
Closed at 895k. . .

http://www.sdlookup.com/MLS-100010307-12…. Closed for $760k for a 2384 sq-ft house. . .

How many 2300 sq-ft house in 91910 w/ only 7500 sq-ft NO-view lot can fetch $760k?[/quote]

AN, I didn’t see any on SDLookup SOLDS but I think you might be trying to compare apples to oranges here.

A lot of the housing stock in 91910 (north of H St. and west of 805) are fixers. There are not many family-type “bread and butter” properties, as you call them, near dtn. CV. Most of the orig. built 1800+ sf properties in the western portion of 91910 are located south of H St.

The “coveted” properties near dtn. CV on 1+ AC lots, such as these active listings, don’t come up the market very often, for good reason – PRIVACY. In addition, they are located just over ONE MILE from the bay, which spells “cool breeze.”

This thing took at least 3 years to build.

http://www.sdlookup.com/MLS-100028590-475_Carvalos_Dr_Chula_Vista_CA_91910

Here’s a light fixer on the same st. I’ve was inside a few yrs. ago and it’s in relatively good shape. Needs new appls. and deck repair. Over 1 AC lot/2 levels.

http://www.sdlookup.com/MLS-100025182-445_Carvalos_Dr_Chula_Vista_CA_91910

Here are two examples of recent SOLD comps in the dtn./Hilltop area.

http://www.sdlookup.com/MLS-100011582-10_2nd_Ave_Chula_Vista_CA_91910

Not a bad price pd. for the “Lucious Wright House” considering it’s Mills Act contract and $860 yr. prop tax bill. Buy a tractor mower – LOL.

http://www.sdlookup.com/MLS-090069677-333_Hilltop_Dr_Chula_Vista_CA_91910

Whoever got this fixer got an AWESOME deal. It’s in GREAT cond. on the outside and has a 120 ft. long driveway.

Do any Piggs have REALIST around here? I would venture that these were both ALL-CASH deals.

The above properties, a “move-on” and “custom” are less than one mile from each other. Look at the diversity. Then add your 777SF “short-sale hopeful” on 2nd and G (7 min. walk to Carvalos St. and 5 min. walk to 333 Hilltop) to this pile and there you have it. A mishmash of non-homogenous properties. I’ve seen two properties with atriums in the middle of the step-down ‘60’s LR (yes, complete with dirt, recirculating fountain and real trees) and brass intercom system in the middle of this ‘hood. Dtn. Chula cannot even be compared to PQ. It is a completely different market. The small tracts here are mostly WWII boxes. Many are completely remodeled.

[quote=AN]I guess the big recurring theme here is that for almost all of the older areas around Chula Vista, the housing stock is VERY diverse. You have $200k starter homes all the way up to $2M custom homes.[/quote]

Now you understand, except make that $200K to $4M.

If you want 70’s or 80’s built without MR, you will have to go to East J St. (E. of 805). Part of north side has great views but entire area suffers from high power lines. If you are willing to pay MR (and sometimes street bonds) then go to Rancho Del Rey (RDR), north and south of East H St.

If you are willing to pay about $100 mo. HOA then go to Terra Nova. This SOLD has one of the few unobstructed full views of dtn. SD in the subdivision!

http://www.sdlookup.com/MLS-090041981-490_Smoky_Cir_Chula_Vista_CA_91910

Back to your $895K McMansion (3725 SF) on Watson Ranch St. in PQ, did you notice it has exorbitant MR? This figure probably does NOT include mo. street bonds or HOA. And how do you park a vehicle in front of one garage door and still drive into the other garage?? We used to laugh about McMillin’s “space-saving-tandem” design in Otay Ranch. For these reasons, Watson Ranch St. did GREAT to fetch $895K, IMO. Add in A/C costs onto this property 4-5 mos. per yr., “regular” prop. taxes and fire policy and omg, it’s a recipe for another “60-Minutes-white-elephant walk-away.”

And why would the buyers need to have an income of $250K to 300K to buy this?? Aren’t they bringing in a downpayment?

Here are listings which sold recently in 91910 in the very exclusive gated Comm. of Belmonte (BVM and BVH schools & Discovery Elem. Sch. [w/Spanish immersion program]). They have HOA and are comparable in size to your Watson Ranch SOLD. 15 mi. from dtn – half the distance of PQ. Ocean breezes on the 2nd highest hill in the area. No A/C needed here. Hey, isn’t PQ 30+ miles inland??

http://www.sdlookup.com/MLS-100000434-405_Milagrosa_Cir_Chula_Vista_CA_91910

http://www.sdlookup.com/MLS-100003133-443_Milagrosa_Chula_Vista_CA_91910

Here are three 91910 SOLDS where the MR is comparable to your Least Tern Ct. SOLD in PQ. Same schools as Belmonte.

http://www.sdlookup.com/MLS-100012643-1149_Carlos_Canyon_Dr_Chula_Vista_CA_91910

http://www.sdlookup.com/MLS-090065388-1177_Carlos_Canyon_Dr_Chula_Vista_CA_91910

http://www.sdlookup.com/MLS-090069880-1013_Burga_Loop_Chula_Vista_CA_91910

The low MR on the first two links is retiring in 2-3 yrs.

I don’t know where the jobs are near PQ. I am out of touch with the area but last time I looked there were four companies on Carroll Cyn. Rd. in Scripps Ranch – LOL.

There are a lot of companies in Eastlake now (8+ mi) and a few in Otay Mesa (7-8 mi) from dtn. CV. And then your usual shipbuilding and Navy jobs + proximity to dtn. SD.

I’m sorry, AN, what was the “draw” of PQ again?? Oh, tech jobs. O-o-o-o-k-kay. Well, maybe we will “grow” some tech jobs in Otay Mesa one day 🙂

[bearishgurl]

[quote=AN]
http://www.sdlookup.com/MLS-100017243-84….
Closed at 895k. . .

http://www.sdlookup.com/MLS-100010307-12…. Closed for $760k for a 2384 sq-ft house. . .

How many 2300 sq-ft house in 91910 w/ only 7500 sq-ft NO-view lot can fetch $760k?[/quote]

AN, I didn’t see any on SDLookup SOLDS but I think you might be trying to compare apples to oranges here.

A lot of the housing stock in 91910 (north of H St. and west of 805) are fixers. There are not many family-type “bread and butter” properties, as you call them, near dtn. CV. Most of the orig. built 1800+ sf properties in the western portion of 91910 are located south of H St.

The “coveted” properties near dtn. CV on 1+ AC lots, such as these active listings, don’t come up the market very often, for good reason – PRIVACY. In addition, they are located just over ONE MILE from the bay, which spells “cool breeze.”

This thing took at least 3 years to build.

http://www.sdlookup.com/MLS-100028590-475_Carvalos_Dr_Chula_Vista_CA_91910

Here’s a light fixer on the same st. I’ve was inside a few yrs. ago and it’s in relatively good shape. Needs new appls. and deck repair. Over 1 AC lot/2 levels.

http://www.sdlookup.com/MLS-100025182-445_Carvalos_Dr_Chula_Vista_CA_91910

Here are two examples of recent SOLD comps in the dtn./Hilltop area.

http://www.sdlookup.com/MLS-100011582-10_2nd_Ave_Chula_Vista_CA_91910

Not a bad price pd. for the “Lucious Wright House” considering it’s Mills Act contract and $860 yr. prop tax bill. Buy a tractor mower – LOL.

http://www.sdlookup.com/MLS-090069677-333_Hilltop_Dr_Chula_Vista_CA_91910

Whoever got this fixer got an AWESOME deal. It’s in GREAT cond. on the outside and has a 120 ft. long driveway.

Do any Piggs have REALIST around here? I would venture that these were both ALL-CASH deals.

The above properties, a “move-on” and “custom” are less than one mile from each other. Look at the diversity. Then add your 777SF “short-sale hopeful” on 2nd and G (7 min. walk to Carvalos St. and 5 min. walk to 333 Hilltop) to this pile and there you have it. A mishmash of non-homogenous properties. I’ve seen two properties with atriums in the middle of the step-down ‘60’s LR (yes, complete with dirt, recirculating fountain and real trees) and brass intercom system in the middle of this ‘hood. Dtn. Chula cannot even be compared to PQ. It is a completely different market. The small tracts here are mostly WWII boxes. Many are completely remodeled.

[quote=AN]I guess the big recurring theme here is that for almost all of the older areas around Chula Vista, the housing stock is VERY diverse. You have $200k starter homes all the way up to $2M custom homes.[/quote]

Now you understand, except make that $200K to $4M.

If you want 70’s or 80’s built without MR, you will have to go to East J St. (E. of 805). Part of north side has great views but entire area suffers from high power lines. If you are willing to pay MR (and sometimes street bonds) then go to Rancho Del Rey (RDR), north and south of East H St.

If you are willing to pay about $100 mo. HOA then go to Terra Nova. This SOLD has one of the few unobstructed full views of dtn. SD in the subdivision!

http://www.sdlookup.com/MLS-090041981-490_Smoky_Cir_Chula_Vista_CA_91910

Back to your $895K McMansion (3725 SF) on Watson Ranch St. in PQ, did you notice it has exorbitant MR? This figure probably does NOT include mo. street bonds or HOA. And how do you park a vehicle in front of one garage door and still drive into the other garage?? We used to laugh about McMillin’s “space-saving-tandem” design in Otay Ranch. For these reasons, Watson Ranch St. did GREAT to fetch $895K, IMO. Add in A/C costs onto this property 4-5 mos. per yr., “regular” prop. taxes and fire policy and omg, it’s a recipe for another “60-Minutes-white-elephant walk-away.”

And why would the buyers need to have an income of $250K to 300K to buy this?? Aren’t they bringing in a downpayment?

Here are listings which sold recently in 91910 in the very exclusive gated Comm. of Belmonte (BVM and BVH schools & Discovery Elem. Sch. [w/Spanish immersion program]). They have HOA and are comparable in size to your Watson Ranch SOLD. 15 mi. from dtn – half the distance of PQ. Ocean breezes on the 2nd highest hill in the area. No A/C needed here. Hey, isn’t PQ 30+ miles inland??

http://www.sdlookup.com/MLS-100000434-405_Milagrosa_Cir_Chula_Vista_CA_91910

http://www.sdlookup.com/MLS-100003133-443_Milagrosa_Chula_Vista_CA_91910

Here are three 91910 SOLDS where the MR is comparable to your Least Tern Ct. SOLD in PQ. Same schools as Belmonte.

http://www.sdlookup.com/MLS-100012643-1149_Carlos_Canyon_Dr_Chula_Vista_CA_91910

http://www.sdlookup.com/MLS-090065388-1177_Carlos_Canyon_Dr_Chula_Vista_CA_91910

http://www.sdlookup.com/MLS-090069880-1013_Burga_Loop_Chula_Vista_CA_91910

The low MR on the first two links is retiring in 2-3 yrs.

I don’t know where the jobs are near PQ. I am out of touch with the area but last time I looked there were four companies on Carroll Cyn. Rd. in Scripps Ranch – LOL.

There are a lot of companies in Eastlake now (8+ mi) and a few in Otay Mesa (7-8 mi) from dtn. CV. And then your usual shipbuilding and Navy jobs + proximity to dtn. SD.

I’m sorry, AN, what was the “draw” of PQ again?? Oh, tech jobs. O-o-o-o-k-kay. Well, maybe we will “grow” some tech jobs in Otay Mesa one day 🙂

[Author]

Posts