Is this a great deal for Scripps ?

[Clifford]

I’m kind of surprised that this one sold for $810k. Is it because it’s hard to get fire insurance ? This house backs up to open space & has been burned in the 2003 fire.

http://www.sdlookup.com/MLS-110047581-10621_Birch_Bluff_Ave_San_Diego_CA_92131

[briansd1]

interesting price history.

is that one of neighborhoods that burned down and was rebuilt?

[Josh]

http://piggington.com/10621_birch_bluff_suggestions

some discussion about this house in August, seems like it was rebuilt in 2003. But why the huge price jump between 2004 and 2007?

[kkun]

This is a very good house and sold at a great price IMO. It’s great inside and outside. It has unparalleled views from backyard. Great neighborhood, no MR, smaller HOA fees.

Only downside is the fire risk. When I checked, no insurance company other than State Farm will insure the house, irrespective of premium. State Farm said they will insure at $250 per month.

I did quite a bit of research, including advices from Piggis and bid on the house. Unfortunately came second at 8k below the selling price. The list price was 785k, so I thought 802k will be good enough to win. Would have paid 810k for the house…..

[Clifford]

kkun,

Did you specifically gave State Farm the address of this house & they gave you a quote at $250/month ?

Does what you said about insurance generally apply to houses that back up to open space ?

Thanks.

[Author]

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