Mira Mesa SFH for less than 300K

[Coronita]

That’s not bad, but I’m no MM expert… Paging AN…You there?

It looks like right across the street from Flanders.

BTW:
06/22/2010 $291,000 5y 2m -43% -10%
04/04/2005 $510,000 n/a – –

Ouch!

Ok, since I’m in a “boy was I wrong mood”, didn’t think 40-50% off would be possible… Boy was I wrong….

[an]

That’s a great deal. Either they have inside connection or the buyer got really lucky. I’ve see worse place for well over that. I don’t think I’ve seen any 3/2 for less than $300k. It would definitely cash flow from day one if it doesn’t require too much repair. That’s the key point is, we don’t know what kind of repair is required. But just looking at the closings right now, this is definitely out of the norm. Similar houses (same floor plan in south west MM) are closing in the high 300s to low 400s depending on condition.

[an]

That’s a great deal. Either they have inside connection or the buyer got really lucky. I’ve see worse place for well over that. I don’t think I’ve seen any 3/2 for less than $300k. It would definitely cash flow from day one if it doesn’t require too much repair. That’s the key point is, we don’t know what kind of repair is required. But just looking at the closings right now, this is definitely out of the norm. Similar houses (same floor plan in south west MM) are closing in the high 300s to low 400s depending on condition.

[an]

That’s a great deal. Either they have inside connection or the buyer got really lucky. I’ve see worse place for well over that. I don’t think I’ve seen any 3/2 for less than $300k. It would definitely cash flow from day one if it doesn’t require too much repair. That’s the key point is, we don’t know what kind of repair is required. But just looking at the closings right now, this is definitely out of the norm. Similar houses (same floor plan in south west MM) are closing in the high 300s to low 400s depending on condition.

[an]

That’s a great deal. Either they have inside connection or the buyer got really lucky. I’ve see worse place for well over that. I don’t think I’ve seen any 3/2 for less than $300k. It would definitely cash flow from day one if it doesn’t require too much repair. That’s the key point is, we don’t know what kind of repair is required. But just looking at the closings right now, this is definitely out of the norm. Similar houses (same floor plan in south west MM) are closing in the high 300s to low 400s depending on condition.

[an]

That’s a great deal. Either they have inside connection or the buyer got really lucky. I’ve see worse place for well over that. I don’t think I’ve seen any 3/2 for less than $300k. It would definitely cash flow from day one if it doesn’t require too much repair. That’s the key point is, we don’t know what kind of repair is required. But just looking at the closings right now, this is definitely out of the norm. Similar houses (same floor plan in south west MM) are closing in the high 300s to low 400s depending on condition.

[Coronita]

[quote=AN]That’s a great deal. Either they have inside connection or the buyer got really lucky. I’ve see worse place for well over that. I don’t think I’ve seen any 3/2 for less than $300k. It would definitely cash flow from day one if it doesn’t require too much repair. That’s the key point is, we don’t know what kind of repair is required. But just looking at the closings right now, this is definitely out of the norm. Similar houses (same floor plan in south west MM) are closing in the high 300s to low 400s depending on condition.[/quote]

It’s a 4 bedroom. I think location is decent too, no?

[Coronita]

[quote=AN]That’s a great deal. Either they have inside connection or the buyer got really lucky. I’ve see worse place for well over that. I don’t think I’ve seen any 3/2 for less than $300k. It would definitely cash flow from day one if it doesn’t require too much repair. That’s the key point is, we don’t know what kind of repair is required. But just looking at the closings right now, this is definitely out of the norm. Similar houses (same floor plan in south west MM) are closing in the high 300s to low 400s depending on condition.[/quote]

It’s a 4 bedroom. I think location is decent too, no?

[Coronita]

[quote=AN]That’s a great deal. Either they have inside connection or the buyer got really lucky. I’ve see worse place for well over that. I don’t think I’ve seen any 3/2 for less than $300k. It would definitely cash flow from day one if it doesn’t require too much repair. That’s the key point is, we don’t know what kind of repair is required. But just looking at the closings right now, this is definitely out of the norm. Similar houses (same floor plan in south west MM) are closing in the high 300s to low 400s depending on condition.[/quote]

It’s a 4 bedroom. I think location is decent too, no?

[Coronita]

[quote=AN]That’s a great deal. Either they have inside connection or the buyer got really lucky. I’ve see worse place for well over that. I don’t think I’ve seen any 3/2 for less than $300k. It would definitely cash flow from day one if it doesn’t require too much repair. That’s the key point is, we don’t know what kind of repair is required. But just looking at the closings right now, this is definitely out of the norm. Similar houses (same floor plan in south west MM) are closing in the high 300s to low 400s depending on condition.[/quote]

It’s a 4 bedroom. I think location is decent too, no?

[Coronita]

[quote=AN]That’s a great deal. Either they have inside connection or the buyer got really lucky. I’ve see worse place for well over that. I don’t think I’ve seen any 3/2 for less than $300k. It would definitely cash flow from day one if it doesn’t require too much repair. That’s the key point is, we don’t know what kind of repair is required. But just looking at the closings right now, this is definitely out of the norm. Similar houses (same floor plan in south west MM) are closing in the high 300s to low 400s depending on condition.[/quote]

It’s a 4 bedroom. I think location is decent too, no?

[andymajumder]

[quote=AN]That’s a great deal. Either they have inside connection or the buyer got really lucky. I’ve see worse place for well over that. I don’t think I’ve seen any 3/2 for less than $300k. It would definitely cash flow from day one if it doesn’t require too much repair. That’s the key point is, we don’t know what kind of repair is required. But just looking at the closings right now, this is definitely out of the norm. Similar houses (same floor plan in south west MM) are closing in the high 300s to low 400s depending on condition.[/quote]

Agree AN….some of these older homes may have issues which have played a role and reduced the price by 50 – 60K, like a cracked slab or a severe termite or plumbing issues, which we are not aware of…But if the house is move in ready which the pics suggest it might be, this is an awesome deal.

Looks like the last price reduction was on 06/14 and it closed today. I guess it can close this fast only if it’s a all cash transaction.

[andymajumder]

[quote=AN]That’s a great deal. Either they have inside connection or the buyer got really lucky. I’ve see worse place for well over that. I don’t think I’ve seen any 3/2 for less than $300k. It would definitely cash flow from day one if it doesn’t require too much repair. That’s the key point is, we don’t know what kind of repair is required. But just looking at the closings right now, this is definitely out of the norm. Similar houses (same floor plan in south west MM) are closing in the high 300s to low 400s depending on condition.[/quote]

Agree AN….some of these older homes may have issues which have played a role and reduced the price by 50 – 60K, like a cracked slab or a severe termite or plumbing issues, which we are not aware of…But if the house is move in ready which the pics suggest it might be, this is an awesome deal.

Looks like the last price reduction was on 06/14 and it closed today. I guess it can close this fast only if it’s a all cash transaction.

[andymajumder]

[quote=AN]That’s a great deal. Either they have inside connection or the buyer got really lucky. I’ve see worse place for well over that. I don’t think I’ve seen any 3/2 for less than $300k. It would definitely cash flow from day one if it doesn’t require too much repair. That’s the key point is, we don’t know what kind of repair is required. But just looking at the closings right now, this is definitely out of the norm. Similar houses (same floor plan in south west MM) are closing in the high 300s to low 400s depending on condition.[/quote]

Agree AN….some of these older homes may have issues which have played a role and reduced the price by 50 – 60K, like a cracked slab or a severe termite or plumbing issues, which we are not aware of…But if the house is move in ready which the pics suggest it might be, this is an awesome deal.

Looks like the last price reduction was on 06/14 and it closed today. I guess it can close this fast only if it’s a all cash transaction.

[andymajumder]

[quote=AN]That’s a great deal. Either they have inside connection or the buyer got really lucky. I’ve see worse place for well over that. I don’t think I’ve seen any 3/2 for less than $300k. It would definitely cash flow from day one if it doesn’t require too much repair. That’s the key point is, we don’t know what kind of repair is required. But just looking at the closings right now, this is definitely out of the norm. Similar houses (same floor plan in south west MM) are closing in the high 300s to low 400s depending on condition.[/quote]

Agree AN….some of these older homes may have issues which have played a role and reduced the price by 50 – 60K, like a cracked slab or a severe termite or plumbing issues, which we are not aware of…But if the house is move in ready which the pics suggest it might be, this is an awesome deal.

Looks like the last price reduction was on 06/14 and it closed today. I guess it can close this fast only if it’s a all cash transaction.

[Author]

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