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  • January 7, 2008 at 2:04 PM #131290
    pnilesh
    Participant

    I am looking at townhome listings in 4S ranch. Average of $450K for 1400 sqft home (3 bdrm 2.5 bath) is a bit too much ( even if I can afford it).

    Since my family will be expanding soon ( expecting a baby soon ), my wife is pressuring me to buy a townhome.

    any chances townhomes in 4S rach could depreciate furthur?

    SD Realtor: your inputs will be greatly appreciated.

    January 7, 2008 at 2:51 PM #131029
    SD Realtor
    Participant

    New Renter I really do feel it will go in the 1.7 – 1.9 range. Please don’t forget it was in escrow when it was listed for 1.9M AND the only reason it did not close was because of the seller.

    SD Realtor

    January 7, 2008 at 2:51 PM #131210
    SD Realtor
    Participant

    New Renter I really do feel it will go in the 1.7 – 1.9 range. Please don’t forget it was in escrow when it was listed for 1.9M AND the only reason it did not close was because of the seller.

    SD Realtor

    January 7, 2008 at 2:51 PM #131216
    SD Realtor
    Participant

    New Renter I really do feel it will go in the 1.7 – 1.9 range. Please don’t forget it was in escrow when it was listed for 1.9M AND the only reason it did not close was because of the seller.

    SD Realtor

    January 7, 2008 at 2:51 PM #131277
    SD Realtor
    Participant

    New Renter I really do feel it will go in the 1.7 – 1.9 range. Please don’t forget it was in escrow when it was listed for 1.9M AND the only reason it did not close was because of the seller.

    SD Realtor

    January 7, 2008 at 2:51 PM #131315
    SD Realtor
    Participant

    New Renter I really do feel it will go in the 1.7 – 1.9 range. Please don’t forget it was in escrow when it was listed for 1.9M AND the only reason it did not close was because of the seller.

    SD Realtor

    January 7, 2008 at 2:58 PM #131034
    SD Realtor
    Participant

    Pnilesh try to keep the faith and convince your wife that by waiting you will save money and thus be able to provide more for the family.

    Yes I do believe that townhomes in 4S will continue to depreciate. I did not mean to convey that homes will not depreciate in these more desireable markets. I just meant (in this thread at least) to try to provide some data so that we can all identify distress activity in these two locations. Getting back to your question it is a hearty yes they will. You just need to try to buy some time, even a year will help but 2 or 3 would be awesome.

    I understand that can be a difficult task.

    SD Realtor

    January 7, 2008 at 2:58 PM #131215
    SD Realtor
    Participant

    Pnilesh try to keep the faith and convince your wife that by waiting you will save money and thus be able to provide more for the family.

    Yes I do believe that townhomes in 4S will continue to depreciate. I did not mean to convey that homes will not depreciate in these more desireable markets. I just meant (in this thread at least) to try to provide some data so that we can all identify distress activity in these two locations. Getting back to your question it is a hearty yes they will. You just need to try to buy some time, even a year will help but 2 or 3 would be awesome.

    I understand that can be a difficult task.

    SD Realtor

    January 7, 2008 at 2:58 PM #131221
    SD Realtor
    Participant

    Pnilesh try to keep the faith and convince your wife that by waiting you will save money and thus be able to provide more for the family.

    Yes I do believe that townhomes in 4S will continue to depreciate. I did not mean to convey that homes will not depreciate in these more desireable markets. I just meant (in this thread at least) to try to provide some data so that we can all identify distress activity in these two locations. Getting back to your question it is a hearty yes they will. You just need to try to buy some time, even a year will help but 2 or 3 would be awesome.

    I understand that can be a difficult task.

    SD Realtor

    January 7, 2008 at 2:58 PM #131282
    SD Realtor
    Participant

    Pnilesh try to keep the faith and convince your wife that by waiting you will save money and thus be able to provide more for the family.

    Yes I do believe that townhomes in 4S will continue to depreciate. I did not mean to convey that homes will not depreciate in these more desireable markets. I just meant (in this thread at least) to try to provide some data so that we can all identify distress activity in these two locations. Getting back to your question it is a hearty yes they will. You just need to try to buy some time, even a year will help but 2 or 3 would be awesome.

    I understand that can be a difficult task.

    SD Realtor

    January 7, 2008 at 2:58 PM #131320
    SD Realtor
    Participant

    Pnilesh try to keep the faith and convince your wife that by waiting you will save money and thus be able to provide more for the family.

    Yes I do believe that townhomes in 4S will continue to depreciate. I did not mean to convey that homes will not depreciate in these more desireable markets. I just meant (in this thread at least) to try to provide some data so that we can all identify distress activity in these two locations. Getting back to your question it is a hearty yes they will. You just need to try to buy some time, even a year will help but 2 or 3 would be awesome.

    I understand that can be a difficult task.

    SD Realtor

    January 7, 2008 at 5:46 PM #131179
    New_Renter
    Participant

    Well, the guessing is over. The bank listed 6473 Mesa Norte at $1.899M. Only a 13.5% discount off the original sales price of $2.275. Looks like they cleaned up the interior a bit before listing based on the pictures. I personally think anyone would be nuts to pay $1.9M for it. Will be interested to see what both Caminito Stella & Mesa Norte actually go for….

    http://www.sdlookup.com/MLS-081001736-6473_Mesa_Norte_Dr_San_Diego_CA_92130

    January 7, 2008 at 5:46 PM #131359
    New_Renter
    Participant

    Well, the guessing is over. The bank listed 6473 Mesa Norte at $1.899M. Only a 13.5% discount off the original sales price of $2.275. Looks like they cleaned up the interior a bit before listing based on the pictures. I personally think anyone would be nuts to pay $1.9M for it. Will be interested to see what both Caminito Stella & Mesa Norte actually go for….

    http://www.sdlookup.com/MLS-081001736-6473_Mesa_Norte_Dr_San_Diego_CA_92130

    January 7, 2008 at 5:46 PM #131366
    New_Renter
    Participant

    Well, the guessing is over. The bank listed 6473 Mesa Norte at $1.899M. Only a 13.5% discount off the original sales price of $2.275. Looks like they cleaned up the interior a bit before listing based on the pictures. I personally think anyone would be nuts to pay $1.9M for it. Will be interested to see what both Caminito Stella & Mesa Norte actually go for….

    http://www.sdlookup.com/MLS-081001736-6473_Mesa_Norte_Dr_San_Diego_CA_92130

    January 7, 2008 at 5:46 PM #131429
    New_Renter
    Participant

    Well, the guessing is over. The bank listed 6473 Mesa Norte at $1.899M. Only a 13.5% discount off the original sales price of $2.275. Looks like they cleaned up the interior a bit before listing based on the pictures. I personally think anyone would be nuts to pay $1.9M for it. Will be interested to see what both Caminito Stella & Mesa Norte actually go for….

    http://www.sdlookup.com/MLS-081001736-6473_Mesa_Norte_Dr_San_Diego_CA_92130

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