Madrid in La Jolla Colony/UTC

[Scarlett]

[quote=werewolf34]Madrid is a weird property

Pros
1) Next to the greenbelt
2) sizable in a part of UTC where 600/900 SF rule the landscape

Cons
1) freeway noise
2) Surrounded by lower rent places (i.e. student properties)
3) Greenbelt is marginally too small (unless you like doing laps)
4) older style bathrooms
5) small bedrooms
6) split levels make it feel smaller and less attractive to young families
7) attached housing[/quote]

Agreed it is a weird complex…The cons you list aren’t that bad. It is what it is – an older townhome. Much more greenbelt than any other UTC complexes. Freeway noise is really not bad at all. You can’t hear it in the house even with open windows. I think the prices are holding high because of less than a handful of properties with larger SF in UTC that are ‘more’ affordable – relatively speaking.

What disturbs me more is that the ‘detached’ houses down the road in Barcelona are selling in mid 500s. True they are about 100 sf smaller, but theoretically detached. I would have expected that Madrid largest townhomes would also be priced in mid 500s, like the Barcelona ones.

[Scarlett]

590K sold the largest floorplan in Madrid. The sellers must have been in somewhat of a hurry, since they didn’t have it that long on the market.

At least is UNDER 600K, I HOPE it is a harbinger things to come for UTC, La Jolla and other expensive townhomes.

[Scarlett]

590K sold the largest floorplan in Madrid. The sellers must have been in somewhat of a hurry, since they didn’t have it that long on the market.

At least is UNDER 600K, I HOPE it is a harbinger things to come for UTC, La Jolla and other expensive townhomes.

[Scarlett]

590K sold the largest floorplan in Madrid. The sellers must have been in somewhat of a hurry, since they didn’t have it that long on the market.

At least is UNDER 600K, I HOPE it is a harbinger things to come for UTC, La Jolla and other expensive townhomes.

[Scarlett]

590K sold the largest floorplan in Madrid. The sellers must have been in somewhat of a hurry, since they didn’t have it that long on the market.

At least is UNDER 600K, I HOPE it is a harbinger things to come for UTC, La Jolla and other expensive townhomes.

[Scarlett]

590K sold the largest floorplan in Madrid. The sellers must have been in somewhat of a hurry, since they didn’t have it that long on the market.

At least is UNDER 600K, I HOPE it is a harbinger things to come for UTC, La Jolla and other expensive townhomes.

[Scarlett]

Updates: Another Madrid property for sale!
This is a smaller plan , 2 bdr. lots of upgrades. but still!!!
http://www.sdlookup.com/MLS-100004204-4030_Porte_De_Palmas_35_San_Diego_CA_92122

If from ’85 to ’95-’97 in 10-12 years it increased it’s value by lets say 1/3, reaching ~210K, then in another 12 years, i.e. 2009 (10) it should increase by another 1/3 of 210K, i.e. this should be no more than 300K. Oh, maybe 350K to be generous. Right? Right?

I don’t think they will get above 500K, and that’s being optimistic…

What do you think?

On the other hand, rents are declining a bit and I managed to get our rent reduced from $2400 to $2300 for the largest 1700+ sf floorplan in Madrid.

I’ve changed my mind about buying in here – unless it’s done a lot of remodelling and upgrading. The windows and wiring are pretty bad, lots of ants and beetles, very drafty. Definitely needs A/C especially upstairs.

[Scarlett]

Updates: Another Madrid property for sale!
This is a smaller plan , 2 bdr. lots of upgrades. but still!!!
http://www.sdlookup.com/MLS-100004204-4030_Porte_De_Palmas_35_San_Diego_CA_92122

If from ’85 to ’95-’97 in 10-12 years it increased it’s value by lets say 1/3, reaching ~210K, then in another 12 years, i.e. 2009 (10) it should increase by another 1/3 of 210K, i.e. this should be no more than 300K. Oh, maybe 350K to be generous. Right? Right?

I don’t think they will get above 500K, and that’s being optimistic…

What do you think?

On the other hand, rents are declining a bit and I managed to get our rent reduced from $2400 to $2300 for the largest 1700+ sf floorplan in Madrid.

I’ve changed my mind about buying in here – unless it’s done a lot of remodelling and upgrading. The windows and wiring are pretty bad, lots of ants and beetles, very drafty. Definitely needs A/C especially upstairs.

[Scarlett]

Updates: Another Madrid property for sale!
This is a smaller plan , 2 bdr. lots of upgrades. but still!!!
http://www.sdlookup.com/MLS-100004204-4030_Porte_De_Palmas_35_San_Diego_CA_92122

If from ’85 to ’95-’97 in 10-12 years it increased it’s value by lets say 1/3, reaching ~210K, then in another 12 years, i.e. 2009 (10) it should increase by another 1/3 of 210K, i.e. this should be no more than 300K. Oh, maybe 350K to be generous. Right? Right?

I don’t think they will get above 500K, and that’s being optimistic…

What do you think?

On the other hand, rents are declining a bit and I managed to get our rent reduced from $2400 to $2300 for the largest 1700+ sf floorplan in Madrid.

I’ve changed my mind about buying in here – unless it’s done a lot of remodelling and upgrading. The windows and wiring are pretty bad, lots of ants and beetles, very drafty. Definitely needs A/C especially upstairs.

[Scarlett]

Updates: Another Madrid property for sale!
This is a smaller plan , 2 bdr. lots of upgrades. but still!!!
http://www.sdlookup.com/MLS-100004204-4030_Porte_De_Palmas_35_San_Diego_CA_92122

If from ’85 to ’95-’97 in 10-12 years it increased it’s value by lets say 1/3, reaching ~210K, then in another 12 years, i.e. 2009 (10) it should increase by another 1/3 of 210K, i.e. this should be no more than 300K. Oh, maybe 350K to be generous. Right? Right?

I don’t think they will get above 500K, and that’s being optimistic…

What do you think?

On the other hand, rents are declining a bit and I managed to get our rent reduced from $2400 to $2300 for the largest 1700+ sf floorplan in Madrid.

I’ve changed my mind about buying in here – unless it’s done a lot of remodelling and upgrading. The windows and wiring are pretty bad, lots of ants and beetles, very drafty. Definitely needs A/C especially upstairs.

[Scarlett]

Updates: Another Madrid property for sale!
This is a smaller plan , 2 bdr. lots of upgrades. but still!!!
http://www.sdlookup.com/MLS-100004204-4030_Porte_De_Palmas_35_San_Diego_CA_92122

If from ’85 to ’95-’97 in 10-12 years it increased it’s value by lets say 1/3, reaching ~210K, then in another 12 years, i.e. 2009 (10) it should increase by another 1/3 of 210K, i.e. this should be no more than 300K. Oh, maybe 350K to be generous. Right? Right?

I don’t think they will get above 500K, and that’s being optimistic…

What do you think?

On the other hand, rents are declining a bit and I managed to get our rent reduced from $2400 to $2300 for the largest 1700+ sf floorplan in Madrid.

I’ve changed my mind about buying in here – unless it’s done a lot of remodelling and upgrading. The windows and wiring are pretty bad, lots of ants and beetles, very drafty. Definitely needs A/C especially upstairs.

[jpinpb]

Renting in a complex you’re considering buying is just such a really great way to find out little nuances about the place. I wouldn’t give 500k. But it is crazy stupid out there.

[jpinpb]

Renting in a complex you’re considering buying is just such a really great way to find out little nuances about the place. I wouldn’t give 500k. But it is crazy stupid out there.

[jpinpb]

Renting in a complex you’re considering buying is just such a really great way to find out little nuances about the place. I wouldn’t give 500k. But it is crazy stupid out there.

[jpinpb]

Renting in a complex you’re considering buying is just such a really great way to find out little nuances about the place. I wouldn’t give 500k. But it is crazy stupid out there.

[Author]

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