Older townhomes in Scripps Ranch

[bearishgurl]

[quote=Scarlett]

http://www.sdlookup.com/MLS-100029004-10503_Caminito_Sopadilla_San_Diego_CA_92131

I’ve read in a property listing nearby they recently increased the HOA in order to replace the siding of the houses with something more fire-retardant (composite or something like that), plus repainting the exterior of the houses. That’s something that should add a little value to the complex.

But still, 250K-300K for 4 bdr 1700 sf in Scripps Ranch![/quote]

Scarlett, a trex deck is nice but it is no bigger than the private patio in your first listing

The biggest drawback to this complex is that the HOA dues ARE MORE THAN TWICE that of the “Timberlane” complex and, as an owner occcupant, this exp. is NOT tax-deductible.

Add up the price of all the upgrades in this unit that the unit at Timberlane doesn’t have and then subtract at least $5K for the wood floors at Timberlane. Installing upgrades yourself is WAY CHEAPER (if the property is worth it) than paying all that additional monthly dues, IMO.

Maybe the Timberlane owner would entertain offers in the low threes?? Remember, every additional $10K you borrow to buy Timberlane over this complex costs $50.70 more in mo. mortgage payment, assuming a 30-yr. fixed rate at 4.5%. This will be tax-deductible but the your purchase price should be a little under recent sales comps, imo.

3rd listing has one-car garage – won’t work if you have two or more vehicles (where will you park the rest?)

4th listing is high HOA dues again. I noticed notes in there about soundproofing. Do Miramar jets fly over these complexes? Is Timberlane close to this complex (looks like they are near the same lake, to me).

You can get a tax credit on double or triple-paned windows (up to $1500 on a =>$5000 purchase) thru 12/31/10. Watch for Lowes’ sales on these – they have them 2-3 times per yr.

I’d stay with the lower dues if I could negotiate an acceptable price that would build in some upgrades, but that is just me.

[bearishgurl]

EARTH TO SDR – need your input here 🙂

[bearishgurl]

EARTH TO SDR – need your input here 🙂

[bearishgurl]

EARTH TO SDR – need your input here 🙂

[bearishgurl]

EARTH TO SDR – need your input here 🙂

[bearishgurl]

EARTH TO SDR – need your input here 🙂

[Scarlett]

Yes, 2 car garage IS a requirement.
I don’t think the jets fly over there , I think it’s the traffic noise from Pomerado.
I agree with you on the HOAs comparisons.

Timberlane is pretty close. One would need to look into the need for repainting and replacing the roofs and sides of the house – the HOAs could be raised there soon too, just like the other one and maybe just as much if it’s for the same purpose… That’s the problem with the HOAs.

Paging SD R … 🙂

[Scarlett]

Yes, 2 car garage IS a requirement.
I don’t think the jets fly over there , I think it’s the traffic noise from Pomerado.
I agree with you on the HOAs comparisons.

Timberlane is pretty close. One would need to look into the need for repainting and replacing the roofs and sides of the house – the HOAs could be raised there soon too, just like the other one and maybe just as much if it’s for the same purpose… That’s the problem with the HOAs.

Paging SD R … 🙂

[Scarlett]

Yes, 2 car garage IS a requirement.
I don’t think the jets fly over there , I think it’s the traffic noise from Pomerado.
I agree with you on the HOAs comparisons.

Timberlane is pretty close. One would need to look into the need for repainting and replacing the roofs and sides of the house – the HOAs could be raised there soon too, just like the other one and maybe just as much if it’s for the same purpose… That’s the problem with the HOAs.

Paging SD R … 🙂

[Scarlett]

Yes, 2 car garage IS a requirement.
I don’t think the jets fly over there , I think it’s the traffic noise from Pomerado.
I agree with you on the HOAs comparisons.

Timberlane is pretty close. One would need to look into the need for repainting and replacing the roofs and sides of the house – the HOAs could be raised there soon too, just like the other one and maybe just as much if it’s for the same purpose… That’s the problem with the HOAs.

Paging SD R … 🙂

[Scarlett]

Yes, 2 car garage IS a requirement.
I don’t think the jets fly over there , I think it’s the traffic noise from Pomerado.
I agree with you on the HOAs comparisons.

Timberlane is pretty close. One would need to look into the need for repainting and replacing the roofs and sides of the house – the HOAs could be raised there soon too, just like the other one and maybe just as much if it’s for the same purpose… That’s the problem with the HOAs.

Paging SD R … 🙂

[SD Realtor]

I think you follow your heart…

Look do you wanna get a home or do you wanna get a good deal> Everything varies… If it were me and I were single maybe I buy there. If I am a married couple and gonna have kids or already have them not a chance. However that is me!!! To me it is more important to have a yard and be able to do stuff with my kids in that respect. I love animals and have cats and dogs and stuff and that is important to me as well.

Could this be a situation where you buy now and sell in a year or two to step up? Perhaps but to me that strategy is not good in this sort of market, way to many variables to think that could be a viable course of action.

Another thing is HOA So if I have to cough up 220 a month for HOA could that 220k be used better towards purchasing an SFR?

*****************************

Again it boils down to personal stuff at this point. Scarlett I don’t know your personal situation, kids, schools, kids in the future? etc… So to me these are important variables that help shape the decision. Think about what type of neighbors you will have in the complex. Probably decent.

The large unit at the current price has been on the market 81 days. So why hasn’t anyone scooped it up at that price? Ed Prehoden does a fair amount of biz in Scripps. I went to an open house of his 3 years ago and he was telling me prices will double in 10 years. So that tells you about him as a listing agent.

You will get some noise in the complex from Pomerado but not that much. Moreso from Willow Creek.

It is a tough call as you guys have been looking for a long long time. If it is for you guys alone I guess okay but condos get small fast when you have kids so if you have kids I am not sure. That is just me though, I think there are plenty here who have kids and live in condos and have no problems at all.

[SD Realtor]

I think you follow your heart…

Look do you wanna get a home or do you wanna get a good deal> Everything varies… If it were me and I were single maybe I buy there. If I am a married couple and gonna have kids or already have them not a chance. However that is me!!! To me it is more important to have a yard and be able to do stuff with my kids in that respect. I love animals and have cats and dogs and stuff and that is important to me as well.

Could this be a situation where you buy now and sell in a year or two to step up? Perhaps but to me that strategy is not good in this sort of market, way to many variables to think that could be a viable course of action.

Another thing is HOA So if I have to cough up 220 a month for HOA could that 220k be used better towards purchasing an SFR?

*****************************

Again it boils down to personal stuff at this point. Scarlett I don’t know your personal situation, kids, schools, kids in the future? etc… So to me these are important variables that help shape the decision. Think about what type of neighbors you will have in the complex. Probably decent.

The large unit at the current price has been on the market 81 days. So why hasn’t anyone scooped it up at that price? Ed Prehoden does a fair amount of biz in Scripps. I went to an open house of his 3 years ago and he was telling me prices will double in 10 years. So that tells you about him as a listing agent.

You will get some noise in the complex from Pomerado but not that much. Moreso from Willow Creek.

It is a tough call as you guys have been looking for a long long time. If it is for you guys alone I guess okay but condos get small fast when you have kids so if you have kids I am not sure. That is just me though, I think there are plenty here who have kids and live in condos and have no problems at all.

[SD Realtor]

I think you follow your heart…

Look do you wanna get a home or do you wanna get a good deal> Everything varies… If it were me and I were single maybe I buy there. If I am a married couple and gonna have kids or already have them not a chance. However that is me!!! To me it is more important to have a yard and be able to do stuff with my kids in that respect. I love animals and have cats and dogs and stuff and that is important to me as well.

Could this be a situation where you buy now and sell in a year or two to step up? Perhaps but to me that strategy is not good in this sort of market, way to many variables to think that could be a viable course of action.

Another thing is HOA So if I have to cough up 220 a month for HOA could that 220k be used better towards purchasing an SFR?

*****************************

Again it boils down to personal stuff at this point. Scarlett I don’t know your personal situation, kids, schools, kids in the future? etc… So to me these are important variables that help shape the decision. Think about what type of neighbors you will have in the complex. Probably decent.

The large unit at the current price has been on the market 81 days. So why hasn’t anyone scooped it up at that price? Ed Prehoden does a fair amount of biz in Scripps. I went to an open house of his 3 years ago and he was telling me prices will double in 10 years. So that tells you about him as a listing agent.

You will get some noise in the complex from Pomerado but not that much. Moreso from Willow Creek.

It is a tough call as you guys have been looking for a long long time. If it is for you guys alone I guess okay but condos get small fast when you have kids so if you have kids I am not sure. That is just me though, I think there are plenty here who have kids and live in condos and have no problems at all.

[SD Realtor]

I think you follow your heart…

Look do you wanna get a home or do you wanna get a good deal> Everything varies… If it were me and I were single maybe I buy there. If I am a married couple and gonna have kids or already have them not a chance. However that is me!!! To me it is more important to have a yard and be able to do stuff with my kids in that respect. I love animals and have cats and dogs and stuff and that is important to me as well.

Could this be a situation where you buy now and sell in a year or two to step up? Perhaps but to me that strategy is not good in this sort of market, way to many variables to think that could be a viable course of action.

Another thing is HOA So if I have to cough up 220 a month for HOA could that 220k be used better towards purchasing an SFR?

*****************************

Again it boils down to personal stuff at this point. Scarlett I don’t know your personal situation, kids, schools, kids in the future? etc… So to me these are important variables that help shape the decision. Think about what type of neighbors you will have in the complex. Probably decent.

The large unit at the current price has been on the market 81 days. So why hasn’t anyone scooped it up at that price? Ed Prehoden does a fair amount of biz in Scripps. I went to an open house of his 3 years ago and he was telling me prices will double in 10 years. So that tells you about him as a listing agent.

You will get some noise in the complex from Pomerado but not that much. Moreso from Willow Creek.

It is a tough call as you guys have been looking for a long long time. If it is for you guys alone I guess okay but condos get small fast when you have kids so if you have kids I am not sure. That is just me though, I think there are plenty here who have kids and live in condos and have no problems at all.

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