Just came by this listing today, which is pretty interesting. Looks like the property was purchased on Feb 26, 2008 for $340,000 and is being relisted for $360,000. Here is the link.
1. How did the owner get this house for $340k? This is way below the selling price of comps. in the area.
2. This house is 600-800 square feet larger then any of the houses listed in that price range in the area. I know from watching this area closely that prices are down about 100k in the 91915 ZIP over the last 8 months or so but this one is priced very aggressivly compared to the rest of the homes on the market and is going set a market precident when it does. Any comments?
3. Any commments about pricing on the mid range SFR homes in the 91915, 91914 areas of Chula Vista? I have been comparing them to similar properties in Mira Mesa but am looking for other areas which might be compareable when looking at quality of neighbourhood/schools/drive to downtown ect.
4. Any estimates on where you think an average 1300-1500 sq/ft SFR will settle at when this area bottoms out?
Last observation as a “PROUD” renter in the 91915 zip I can say that even at $300k the buy vs. rent still does not pencil out when you look at the PITI plus HOA and Mello Roos in the area. I nice 3br 1400sq/ft SFR rental can be had here for under $2000 a month. Renting with no regrets down here.
20k hardly would be worth flipping once you figure in commissions and taxes. Actually its funny if you take 340k and multiply by 6% you get 20.4 Add that to 340 and you get 360.4. Sounds like the bank is selling for exactly what they tool it back for plus commissions.
20k hardly would be worth flipping once you figure in commissions and taxes. Actually its funny if you take 340k and multiply by 6% you get 20.4 Add that to 340 and you get 360.4. Sounds like the bank is selling for exactly what they tool it back for plus commissions.
20k hardly would be worth flipping once you figure in commissions and taxes. Actually its funny if you take 340k and multiply by 6% you get 20.4 Add that to 340 and you get 360.4. Sounds like the bank is selling for exactly what they tool it back for plus commissions.
20k hardly would be worth flipping once you figure in commissions and taxes. Actually its funny if you take 340k and multiply by 6% you get 20.4 Add that to 340 and you get 360.4. Sounds like the bank is selling for exactly what they tool it back for plus commissions.
