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briansd1.
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July 26, 2011 at 9:45 AM #714133July 26, 2011 at 10:04 AM #712948
pemeliza
Participant“Large payout to 2nd trustee holder paid outside of escrow.”
There might be more than meets the eye here. Good location and it appears there were two lots (the other at 3226 Carleton). Unknown what the final price was for both lots however. I suspect it was more than the 265k.
July 26, 2011 at 10:04 AM #713041Participant“Large payout to 2nd trustee holder paid outside of escrow.”
There might be more than meets the eye here. Good location and it appears there were two lots (the other at 3226 Carleton). Unknown what the final price was for both lots however. I suspect it was more than the 265k.
July 26, 2011 at 10:04 AM #713638Participant“Large payout to 2nd trustee holder paid outside of escrow.”
There might be more than meets the eye here. Good location and it appears there were two lots (the other at 3226 Carleton). Unknown what the final price was for both lots however. I suspect it was more than the 265k.
July 26, 2011 at 10:04 AM #713791Participant“Large payout to 2nd trustee holder paid outside of escrow.”
There might be more than meets the eye here. Good location and it appears there were two lots (the other at 3226 Carleton). Unknown what the final price was for both lots however. I suspect it was more than the 265k.
July 26, 2011 at 10:04 AM #714148Participant“Large payout to 2nd trustee holder paid outside of escrow.”
There might be more than meets the eye here. Good location and it appears there were two lots (the other at 3226 Carleton). Unknown what the final price was for both lots however. I suspect it was more than the 265k.
July 26, 2011 at 10:15 AM #712958jpinpb
ParticipantThen I misunderstood that. I thought that the large payout was by the bank to the 2nd.
3228 Carleton seems it was originally listed in 2009 to be a spec home, I think.
July 26, 2011 at 10:15 AM #713051ParticipantThen I misunderstood that. I thought that the large payout was by the bank to the 2nd.
3228 Carleton seems it was originally listed in 2009 to be a spec home, I think.
July 26, 2011 at 10:15 AM #713648ParticipantThen I misunderstood that. I thought that the large payout was by the bank to the 2nd.
3228 Carleton seems it was originally listed in 2009 to be a spec home, I think.
July 26, 2011 at 10:15 AM #713801ParticipantThen I misunderstood that. I thought that the large payout was by the bank to the 2nd.
3228 Carleton seems it was originally listed in 2009 to be a spec home, I think.
July 26, 2011 at 10:15 AM #714158ParticipantThen I misunderstood that. I thought that the large payout was by the bank to the 2nd.
3228 Carleton seems it was originally listed in 2009 to be a spec home, I think.
July 26, 2011 at 10:42 AM #712968bearishgurl
Participant[quote=jpinpb]Land value in PL w/a view now PPSF $96.
3228 Carleton sold for 265k. Someone is going to be building a nice house. Average/median PPSF is about $450. I’m thinking they can build a nice place for considerably less and be able to sell it for a profit. Hopefully it will be someone who will build their dream home and stay. But chances are not.[/quote]Appraiser note: Due to engineering defaults in the foundation (by City inspections) and lack of prescriptive easement sales price was negatively adjusted.
Lot Information
4,000 to 7,499 Sq. Ft.
Lot Size Source: Assessor Record
Steep Slope
APN: 531-313-03-00
Tax Parcel: 3228Carleton92106Jul 22, 2011 Sold (MLS) (Sold) $265,000 — Inactive SANDICOR #110008208
Feb 16, 2011 Pending (Contingent) — — Inactive SANDICOR #110008208
Feb 08, 2011 Listed (Active) $299,000 — Inactive SANDICOR #110008208
Feb 11, 2005 Sold (Public Records) $506,500 — Public RecordsI haven’t been to the site but it sounds like the buyer in 2005 intended to rebuild for a profit (actually got a 2nd TD “approved” on this monstrosity) but ran into some problems. Apparently the last occupants (before the City condemned the bldg) were using part of a neighbor’s lot for drainage, an overhanging deck or driveway encroachment, etc that they never bothered to perfect.
It’s also possible that the property above them had an easement on their (view) airspace and the pre-2005 owners infringed upon it by building up and then quit. It kind of looks like it was never properly finished.
The new buyer might have to pay for a survey and file a “quiet title” action on the owners of the adjoining parcel. Or perhaps that adjoining parcel already filed one on the 2005 owner and it’s still ongoing … or they already won.
Even though there are demo costs involved here and a steep slope, it’s still worth $300K. It’s nothing that a bulldozer and compactor can’t fix.
Good buy! Thanks for sharing.
July 26, 2011 at 10:42 AM #713061Participant[quote=jpinpb]Land value in PL w/a view now PPSF $96.
3228 Carleton sold for 265k. Someone is going to be building a nice house. Average/median PPSF is about $450. I’m thinking they can build a nice place for considerably less and be able to sell it for a profit. Hopefully it will be someone who will build their dream home and stay. But chances are not.[/quote]Appraiser note: Due to engineering defaults in the foundation (by City inspections) and lack of prescriptive easement sales price was negatively adjusted.
Lot Information
4,000 to 7,499 Sq. Ft.
Lot Size Source: Assessor Record
Steep Slope
APN: 531-313-03-00
Tax Parcel: 3228Carleton92106Jul 22, 2011 Sold (MLS) (Sold) $265,000 — Inactive SANDICOR #110008208
Feb 16, 2011 Pending (Contingent) — — Inactive SANDICOR #110008208
Feb 08, 2011 Listed (Active) $299,000 — Inactive SANDICOR #110008208
Feb 11, 2005 Sold (Public Records) $506,500 — Public RecordsI haven’t been to the site but it sounds like the buyer in 2005 intended to rebuild for a profit (actually got a 2nd TD “approved” on this monstrosity) but ran into some problems. Apparently the last occupants (before the City condemned the bldg) were using part of a neighbor’s lot for drainage, an overhanging deck or driveway encroachment, etc that they never bothered to perfect.
It’s also possible that the property above them had an easement on their (view) airspace and the pre-2005 owners infringed upon it by building up and then quit. It kind of looks like it was never properly finished.
The new buyer might have to pay for a survey and file a “quiet title” action on the owners of the adjoining parcel. Or perhaps that adjoining parcel already filed one on the 2005 owner and it’s still ongoing … or they already won.
Even though there are demo costs involved here and a steep slope, it’s still worth $300K. It’s nothing that a bulldozer and compactor can’t fix.
Good buy! Thanks for sharing.
July 26, 2011 at 10:42 AM #713658Participant[quote=jpinpb]Land value in PL w/a view now PPSF $96.
3228 Carleton sold for 265k. Someone is going to be building a nice house. Average/median PPSF is about $450. I’m thinking they can build a nice place for considerably less and be able to sell it for a profit. Hopefully it will be someone who will build their dream home and stay. But chances are not.[/quote]Appraiser note: Due to engineering defaults in the foundation (by City inspections) and lack of prescriptive easement sales price was negatively adjusted.
Lot Information
4,000 to 7,499 Sq. Ft.
Lot Size Source: Assessor Record
Steep Slope
APN: 531-313-03-00
Tax Parcel: 3228Carleton92106Jul 22, 2011 Sold (MLS) (Sold) $265,000 — Inactive SANDICOR #110008208
Feb 16, 2011 Pending (Contingent) — — Inactive SANDICOR #110008208
Feb 08, 2011 Listed (Active) $299,000 — Inactive SANDICOR #110008208
Feb 11, 2005 Sold (Public Records) $506,500 — Public RecordsI haven’t been to the site but it sounds like the buyer in 2005 intended to rebuild for a profit (actually got a 2nd TD “approved” on this monstrosity) but ran into some problems. Apparently the last occupants (before the City condemned the bldg) were using part of a neighbor’s lot for drainage, an overhanging deck or driveway encroachment, etc that they never bothered to perfect.
It’s also possible that the property above them had an easement on their (view) airspace and the pre-2005 owners infringed upon it by building up and then quit. It kind of looks like it was never properly finished.
The new buyer might have to pay for a survey and file a “quiet title” action on the owners of the adjoining parcel. Or perhaps that adjoining parcel already filed one on the 2005 owner and it’s still ongoing … or they already won.
Even though there are demo costs involved here and a steep slope, it’s still worth $300K. It’s nothing that a bulldozer and compactor can’t fix.
Good buy! Thanks for sharing.
July 26, 2011 at 10:42 AM #713811Participant[quote=jpinpb]Land value in PL w/a view now PPSF $96.
3228 Carleton sold for 265k. Someone is going to be building a nice house. Average/median PPSF is about $450. I’m thinking they can build a nice place for considerably less and be able to sell it for a profit. Hopefully it will be someone who will build their dream home and stay. But chances are not.[/quote]Appraiser note: Due to engineering defaults in the foundation (by City inspections) and lack of prescriptive easement sales price was negatively adjusted.
Lot Information
4,000 to 7,499 Sq. Ft.
Lot Size Source: Assessor Record
Steep Slope
APN: 531-313-03-00
Tax Parcel: 3228Carleton92106Jul 22, 2011 Sold (MLS) (Sold) $265,000 — Inactive SANDICOR #110008208
Feb 16, 2011 Pending (Contingent) — — Inactive SANDICOR #110008208
Feb 08, 2011 Listed (Active) $299,000 — Inactive SANDICOR #110008208
Feb 11, 2005 Sold (Public Records) $506,500 — Public RecordsI haven’t been to the site but it sounds like the buyer in 2005 intended to rebuild for a profit (actually got a 2nd TD “approved” on this monstrosity) but ran into some problems. Apparently the last occupants (before the City condemned the bldg) were using part of a neighbor’s lot for drainage, an overhanging deck or driveway encroachment, etc that they never bothered to perfect.
It’s also possible that the property above them had an easement on their (view) airspace and the pre-2005 owners infringed upon it by building up and then quit. It kind of looks like it was never properly finished.
The new buyer might have to pay for a survey and file a “quiet title” action on the owners of the adjoining parcel. Or perhaps that adjoining parcel already filed one on the 2005 owner and it’s still ongoing … or they already won.
Even though there are demo costs involved here and a steep slope, it’s still worth $300K. It’s nothing that a bulldozer and compactor can’t fix.
Good buy! Thanks for sharing.
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