Mira Mesa SFH for less than 300K

[Coronita]

[quote=AN][quote=flu][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?[/quote]
Yes, the area is decent. I’m aware that it’s a 4/2. I was just trying to say that I don’t think I’ve even seen a 3/2 selling for less than $300k, so a 4/2 for less than $300k is one of a kind deal right now. 4/2 (1300-1400sq-ft) w/in this area goes for $370-410k right now, depending on condition. I wish I could have been part of this deal, if there’s no major repair needed. But as Andy points out, it closes quite quickly, so it probably was a cash deal.[/quote]

I knew you knew it was a 4bdrm. I meant to say, I didn’t realize it was a 4bd until I re-read your post….

I need to get on some bank’s “A” list or something.

GoshsfaS Damn, in my youthful days, I was excluded from all the popular folks parties. And now, I’m being excluded from the popular party too!!! (Probably because those same people that were in the “in crowd” back in my youthful days are now all Realtors :)…..

Agggggggggggh!

Sheesh…This is class warfare I tell you. The “haves” versus the “have nots”, and I hate being in the “have nots” category…..:)

Sincerely,

Disgruntled, depressed, lonely, and feeling sort of unpopular/unwanted enginerd, having serious flashback issues…

[an]

[quote=flu][quote=AN][quote=flu][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?[/quote]
Yes, the area is decent. I’m aware that it’s a 4/2. I was just trying to say that I don’t think I’ve even seen a 3/2 selling for less than $300k, so a 4/2 for less than $300k is one of a kind deal right now. 4/2 (1300-1400sq-ft) w/in this area goes for $370-410k right now, depending on condition. I wish I could have been part of this deal, if there’s no major repair needed. But as Andy points out, it closes quite quickly, so it probably was a cash deal.[/quote]

I knew you knew it was a 4bdrm. I meant to say, I didn’t realize it was a 4bd until I re-read your post….

I need to get on some bank’s “A” list or something.

GoshsfaS Damn, in my youthful days, I was excluded from all the popular folks parties. And now, I’m being excluded from the popular party too!!! (Probably because those same people that were in the “in crowd” back in my youthful days are now all Realtors :)…..

Agggggggggggh!

Sheesh…This is class warfare I tell you. The “haves” versus the “have nots”, and I hate being in the “have nots” category…..:)

Sincerely,

Disgruntled, depressed, lonely, and feeling sort of unpopular/unwanted enginerd, having serious flashback issues…[/quote]
Haha, my feelings exactly.

[an]

[quote=flu][quote=AN][quote=flu][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?[/quote]
Yes, the area is decent. I’m aware that it’s a 4/2. I was just trying to say that I don’t think I’ve even seen a 3/2 selling for less than $300k, so a 4/2 for less than $300k is one of a kind deal right now. 4/2 (1300-1400sq-ft) w/in this area goes for $370-410k right now, depending on condition. I wish I could have been part of this deal, if there’s no major repair needed. But as Andy points out, it closes quite quickly, so it probably was a cash deal.[/quote]

I knew you knew it was a 4bdrm. I meant to say, I didn’t realize it was a 4bd until I re-read your post….

I need to get on some bank’s “A” list or something.

GoshsfaS Damn, in my youthful days, I was excluded from all the popular folks parties. And now, I’m being excluded from the popular party too!!! (Probably because those same people that were in the “in crowd” back in my youthful days are now all Realtors :)…..

Agggggggggggh!

Sheesh…This is class warfare I tell you. The “haves” versus the “have nots”, and I hate being in the “have nots” category…..:)

Sincerely,

Disgruntled, depressed, lonely, and feeling sort of unpopular/unwanted enginerd, having serious flashback issues…[/quote]
Haha, my feelings exactly.

[an]

[quote=flu][quote=AN][quote=flu][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?[/quote]
Yes, the area is decent. I’m aware that it’s a 4/2. I was just trying to say that I don’t think I’ve even seen a 3/2 selling for less than $300k, so a 4/2 for less than $300k is one of a kind deal right now. 4/2 (1300-1400sq-ft) w/in this area goes for $370-410k right now, depending on condition. I wish I could have been part of this deal, if there’s no major repair needed. But as Andy points out, it closes quite quickly, so it probably was a cash deal.[/quote]

I knew you knew it was a 4bdrm. I meant to say, I didn’t realize it was a 4bd until I re-read your post….

I need to get on some bank’s “A” list or something.

GoshsfaS Damn, in my youthful days, I was excluded from all the popular folks parties. And now, I’m being excluded from the popular party too!!! (Probably because those same people that were in the “in crowd” back in my youthful days are now all Realtors :)…..

Agggggggggggh!

Sheesh…This is class warfare I tell you. The “haves” versus the “have nots”, and I hate being in the “have nots” category…..:)

Sincerely,

Disgruntled, depressed, lonely, and feeling sort of unpopular/unwanted enginerd, having serious flashback issues…[/quote]
Haha, my feelings exactly.

[an]

[quote=flu][quote=AN][quote=flu][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?[/quote]
Yes, the area is decent. I’m aware that it’s a 4/2. I was just trying to say that I don’t think I’ve even seen a 3/2 selling for less than $300k, so a 4/2 for less than $300k is one of a kind deal right now. 4/2 (1300-1400sq-ft) w/in this area goes for $370-410k right now, depending on condition. I wish I could have been part of this deal, if there’s no major repair needed. But as Andy points out, it closes quite quickly, so it probably was a cash deal.[/quote]

I knew you knew it was a 4bdrm. I meant to say, I didn’t realize it was a 4bd until I re-read your post….

I need to get on some bank’s “A” list or something.

GoshsfaS Damn, in my youthful days, I was excluded from all the popular folks parties. And now, I’m being excluded from the popular party too!!! (Probably because those same people that were in the “in crowd” back in my youthful days are now all Realtors :)…..

Agggggggggggh!

Sheesh…This is class warfare I tell you. The “haves” versus the “have nots”, and I hate being in the “have nots” category…..:)

Sincerely,

Disgruntled, depressed, lonely, and feeling sort of unpopular/unwanted enginerd, having serious flashback issues…[/quote]
Haha, my feelings exactly.

[an]

[quote=flu][quote=AN][quote=flu][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?[/quote]
Yes, the area is decent. I’m aware that it’s a 4/2. I was just trying to say that I don’t think I’ve even seen a 3/2 selling for less than $300k, so a 4/2 for less than $300k is one of a kind deal right now. 4/2 (1300-1400sq-ft) w/in this area goes for $370-410k right now, depending on condition. I wish I could have been part of this deal, if there’s no major repair needed. But as Andy points out, it closes quite quickly, so it probably was a cash deal.[/quote]

I knew you knew it was a 4bdrm. I meant to say, I didn’t realize it was a 4bd until I re-read your post….

I need to get on some bank’s “A” list or something.

GoshsfaS Damn, in my youthful days, I was excluded from all the popular folks parties. And now, I’m being excluded from the popular party too!!! (Probably because those same people that were in the “in crowd” back in my youthful days are now all Realtors :)…..

Agggggggggggh!

Sheesh…This is class warfare I tell you. The “haves” versus the “have nots”, and I hate being in the “have nots” category…..:)

Sincerely,

Disgruntled, depressed, lonely, and feeling sort of unpopular/unwanted enginerd, having serious flashback issues…[/quote]
Haha, my feelings exactly.

[SD Realtor]

You two guys are great….

So you guys know me. Definitely skeptical when it comes to people claiming this transaction or that transaction was fraudulent.

Yet in this case I am having a hard time with this one. Seriously it is more then a little out of whack with regards to the comps. The activity history on the home is crazy as well. Since September of 09 it has been as high as 370k and as low as 245k. It has been in and out of pending a few times as well. It had expired in March then went active again and that is when they put it at 355k. Then it went expired, contingent pending all over the map. Most recently it was pending up until June 1 and then it went to active again and then it went pending again on June 14 and at then same time list price went down into the 330s and now we close 8 days later.

AN you pegged it, I have priced out the area alot because of trustee sales and this defies all comps there.

So… something is odd here. I know this for a fact, the bank DEFINITELY did not get as much as they could have on this home.

[SD Realtor]

You two guys are great….

So you guys know me. Definitely skeptical when it comes to people claiming this transaction or that transaction was fraudulent.

Yet in this case I am having a hard time with this one. Seriously it is more then a little out of whack with regards to the comps. The activity history on the home is crazy as well. Since September of 09 it has been as high as 370k and as low as 245k. It has been in and out of pending a few times as well. It had expired in March then went active again and that is when they put it at 355k. Then it went expired, contingent pending all over the map. Most recently it was pending up until June 1 and then it went to active again and then it went pending again on June 14 and at then same time list price went down into the 330s and now we close 8 days later.

AN you pegged it, I have priced out the area alot because of trustee sales and this defies all comps there.

So… something is odd here. I know this for a fact, the bank DEFINITELY did not get as much as they could have on this home.

[SD Realtor]

You two guys are great….

So you guys know me. Definitely skeptical when it comes to people claiming this transaction or that transaction was fraudulent.

Yet in this case I am having a hard time with this one. Seriously it is more then a little out of whack with regards to the comps. The activity history on the home is crazy as well. Since September of 09 it has been as high as 370k and as low as 245k. It has been in and out of pending a few times as well. It had expired in March then went active again and that is when they put it at 355k. Then it went expired, contingent pending all over the map. Most recently it was pending up until June 1 and then it went to active again and then it went pending again on June 14 and at then same time list price went down into the 330s and now we close 8 days later.

AN you pegged it, I have priced out the area alot because of trustee sales and this defies all comps there.

So… something is odd here. I know this for a fact, the bank DEFINITELY did not get as much as they could have on this home.

[SD Realtor]

You two guys are great….

So you guys know me. Definitely skeptical when it comes to people claiming this transaction or that transaction was fraudulent.

Yet in this case I am having a hard time with this one. Seriously it is more then a little out of whack with regards to the comps. The activity history on the home is crazy as well. Since September of 09 it has been as high as 370k and as low as 245k. It has been in and out of pending a few times as well. It had expired in March then went active again and that is when they put it at 355k. Then it went expired, contingent pending all over the map. Most recently it was pending up until June 1 and then it went to active again and then it went pending again on June 14 and at then same time list price went down into the 330s and now we close 8 days later.

AN you pegged it, I have priced out the area alot because of trustee sales and this defies all comps there.

So… something is odd here. I know this for a fact, the bank DEFINITELY did not get as much as they could have on this home.

[SD Realtor]

You two guys are great….

So you guys know me. Definitely skeptical when it comes to people claiming this transaction or that transaction was fraudulent.

Yet in this case I am having a hard time with this one. Seriously it is more then a little out of whack with regards to the comps. The activity history on the home is crazy as well. Since September of 09 it has been as high as 370k and as low as 245k. It has been in and out of pending a few times as well. It had expired in March then went active again and that is when they put it at 355k. Then it went expired, contingent pending all over the map. Most recently it was pending up until June 1 and then it went to active again and then it went pending again on June 14 and at then same time list price went down into the 330s and now we close 8 days later.

AN you pegged it, I have priced out the area alot because of trustee sales and this defies all comps there.

So… something is odd here. I know this for a fact, the bank DEFINITELY did not get as much as they could have on this home.

[CA renter]

Remember when TG described the “popcorn” effect, where you’d see a single, exceptionally good deal in a sea of overpriced listings…then, it’s like popcorn, and everything else starts “popping.”

I’d like to think this might be a leading indicator, but I’m an optimist that way. 😉

FWIW, there are some similar deals that have recently been showing up in the areas I watch in L.A. These areas have held firm until the past few months, and there seems to be some weakness there. We suddenly dropped into 2003 levels, and a lot of it looks like it’s due to either short sales or *investors* who apparently got some screaming good deals at the courthouse steps or might be unloading some of the bulk REOs that have been trading hands behind the scenes. As much as I rail against them, the investors are actually making the market work right now (in L.A., not so much down here).

[CA renter]

Remember when TG described the “popcorn” effect, where you’d see a single, exceptionally good deal in a sea of overpriced listings…then, it’s like popcorn, and everything else starts “popping.”

I’d like to think this might be a leading indicator, but I’m an optimist that way. 😉

FWIW, there are some similar deals that have recently been showing up in the areas I watch in L.A. These areas have held firm until the past few months, and there seems to be some weakness there. We suddenly dropped into 2003 levels, and a lot of it looks like it’s due to either short sales or *investors* who apparently got some screaming good deals at the courthouse steps or might be unloading some of the bulk REOs that have been trading hands behind the scenes. As much as I rail against them, the investors are actually making the market work right now (in L.A., not so much down here).

[CA renter]

Remember when TG described the “popcorn” effect, where you’d see a single, exceptionally good deal in a sea of overpriced listings…then, it’s like popcorn, and everything else starts “popping.”

I’d like to think this might be a leading indicator, but I’m an optimist that way. 😉

FWIW, there are some similar deals that have recently been showing up in the areas I watch in L.A. These areas have held firm until the past few months, and there seems to be some weakness there. We suddenly dropped into 2003 levels, and a lot of it looks like it’s due to either short sales or *investors* who apparently got some screaming good deals at the courthouse steps or might be unloading some of the bulk REOs that have been trading hands behind the scenes. As much as I rail against them, the investors are actually making the market work right now (in L.A., not so much down here).

[CA renter]

Remember when TG described the “popcorn” effect, where you’d see a single, exceptionally good deal in a sea of overpriced listings…then, it’s like popcorn, and everything else starts “popping.”

I’d like to think this might be a leading indicator, but I’m an optimist that way. 😉

FWIW, there are some similar deals that have recently been showing up in the areas I watch in L.A. These areas have held firm until the past few months, and there seems to be some weakness there. We suddenly dropped into 2003 levels, and a lot of it looks like it’s due to either short sales or *investors* who apparently got some screaming good deals at the courthouse steps or might be unloading some of the bulk REOs that have been trading hands behind the scenes. As much as I rail against them, the investors are actually making the market work right now (in L.A., not so much down here).

[Author]

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