San Elijo Hills Analysis

[waiting for bottom]

I currently rent in SEH and keep close tabs on the market. Most sellers are still in denial and priced $75-$100K above recent comps, let alone any decline since then.

Recent comps:

1613 Sagewood, sold 9/12/07 – $590K – $213 sq/ft
1605 Sagewood, sold 9/x/07 – $625K – $212 sq/ft

Only reasonably priced house in the $500-$750K range:

1434 Rivercrest, $599K – $203 sq/ft

Check out the denial club:

1662 Sagewood, $699K – $245 sq/ft
1655 Sagewood, $659K – $239 sq/ft
1614 Sagewood, $679K – $238 sq/ft
1677 Archer, $695K – $265 sq/ft
1546 Archer, $708K – $238 sq/ft
1692 Archer, $699K – $262 sq/ft
1589 Archer, $679K – $228 sq/ft

All houses above are right near town center and in same subdivision.

Don’t even get me started with the Questhaven area of SEH with Antilla, Eclipse, and Anchor. They are not comparable to these given 2x Mello Roos so I’ll save them for next time.

I’ve been reading you guys for a few months, I figured it’s time to start providing some data. Just moved to the area and in part thanks to this site decided to rent.

[NotCranky]

Hi WFB,
How does your rent compare to a 20% down mortgage PITI & mello roos for similar recent solds?

[farbet]

Is the mello roos lower on the Archer area homes side than the Questahaven area?

[waiting for bottom]

Yes. Mellos roos in the Sagewood/Archer/Rivercrest/Sundance, etc area is around $2500. Up near Questhaven it is $4500-$5000.

[farbet]

Mello Roos is a killer for these Po folks around Questhaven/
With resets popping up now things willget hectic.
Mello Roos is a bond right anyone?
Can one pay the Mello Roos up front instead of having it stretched out for 20-30 years?

[SD Realtor]

Mello Roos cannot be paid up front…. unfortunately.

SD Realtor

[sdrealtor]

I have heard of homes where the sellers paid off the Mello Roos many times. Not sure how this is done but I think your wrong.

[SD Realtor]

sdrealtor as far as the builder paying them off, there may indeed be some way to do it.

Once you can show me a case where an individual homeowner paid off MR up front then I will listen.

SD Realtor

[svelte]

The former owner of 691 Avenida Cordoba in San Marcos told me that, as an individual home owner, they paid off the Mello Roos early – they did this during the mid 1990s. I have not verified that through county records, but I’m sure you realtors have ways to do that.

[svelte]

The former owner of 691 Avenida Cordoba in San Marcos told me that, as an individual home owner, they paid off the Mello Roos early – they did this during the mid 1990s. I have not verified that through county records, but I’m sure you realtors have ways to do that.

[svelte]

The former owner of 691 Avenida Cordoba in San Marcos told me that, as an individual home owner, they paid off the Mello Roos early – they did this during the mid 1990s. I have not verified that through county records, but I’m sure you realtors have ways to do that.

[svelte]

The former owner of 691 Avenida Cordoba in San Marcos told me that, as an individual home owner, they paid off the Mello Roos early – they did this during the mid 1990s. I have not verified that through county records, but I’m sure you realtors have ways to do that.

[svelte]

The former owner of 691 Avenida Cordoba in San Marcos told me that, as an individual home owner, they paid off the Mello Roos early – they did this during the mid 1990s. I have not verified that through county records, but I’m sure you realtors have ways to do that.

[New_Renter]

SD Realtor, I know for fact that when you buy a lot in Santaluz you have the option of paying off the Mello-Roos up-front. It varies by lot, but it was roughly $100K. This was versus paying around $8500/yr. on the Mellow-Roos bond for 30 years.

[eyePod]

That’s about 7.5% interest rate. Outrageous

[waiting for bottom]

So even though we have buyers on Crescent and Sundance making unbelievably terrible purchases, let’s go up past the town center and see what’s happening near Questhaven…where the Mello Roos will hit you around $4500.

Selling for less than purchase price:
1531 Clifftop – $590K – $223 sq/ft – Sold $782K 3/05 (-25%)
1098 Brightwood – $599K – $233 sq/ft – Sold $762K 11/04 (-21%)
704 Hollowbrook – $635K – $226 sq/ft – Sold $754K 1/06 (-16%)
726 Leeward – $648K – $216 sq/ft – Sold $760K 3/06 (-15%)
979 Baylor – $727K – $217 sq/ft – Sold $771K 6/04 (-6%) PENDING SALE – Congrats, good luck with that one.
878 Antilla – $740K – $224 sq/ft – Sold $819K 4/05 (-10%)
855 Antilla – $699K – $194 sq/ft – Sold $872K 7/05 (-20%)
871 Antilla – $750K – $220 sq/ft – Sold $865K 3/05 (-13%)
1419 Eclipse – $750K – $229 sq/ft – Sold $885K 10/06 (-15%)

On track to sell by 2020:
1005 Brightwood – $699K – $243 sq/ft – Sold $856K 3/05 (-18%)
1089 Brightwood – $699K – $246 sq/ft – Sold $800K 11/04 (-13%)
1474 Anchor – $725K – $258 sq/ft – No sale available (Gorgeous house with ocean view but get real)
1085 Brightwood – $699K – $264 sq/ft – Sold $745K 11/04 (-6%)
1079 Grain Mill – $699K – $270 sq/ft – Sold $654K 6/05 (+7%)
948 Citrine – $750K – $283 sq/ft – Sold $717K 4/06 (+5%)

Folks, I don’t even know where to start here. 13 of 15 for sale in the hood are below purchase price. 1 sale pending. 6 overpriced (althoug 5 have really nice views). I guess my only advice is not to buy on Brightwood. Oh, and maybe tell your friends on Grain Mill and Citrine that they won’t be able to fetch a profit in these conditions.

[greekfire]

WFB:

Nice research. You should team up with ocrenter over at BMIT (http://bubbletracking.blogspot.com/). I think the two of you could really help to further expose weakness in the housing market in the San Elijo Hills area.

[greekfire]

WFB:

Nice research. You should team up with ocrenter over at BMIT (http://bubbletracking.blogspot.com/). I think the two of you could really help to further expose weakness in the housing market in the San Elijo Hills area.

[greekfire]

WFB:

Nice research. You should team up with ocrenter over at BMIT (http://bubbletracking.blogspot.com/). I think the two of you could really help to further expose weakness in the housing market in the San Elijo Hills area.

[greekfire]

WFB:

Nice research. You should team up with ocrenter over at BMIT (http://bubbletracking.blogspot.com/). I think the two of you could really help to further expose weakness in the housing market in the San Elijo Hills area.

[greekfire]

WFB:

Nice research. You should team up with ocrenter over at BMIT (http://bubbletracking.blogspot.com/). I think the two of you could really help to further expose weakness in the housing market in the San Elijo Hills area.

[waiting for bottom]

So even though we have buyers on Crescent and Sundance making unbelievably terrible purchases, let’s go up past the town center and see what’s happening near Questhaven…where the Mello Roos will hit you around $4500.

Selling for less than purchase price:
1531 Clifftop – $590K – $223 sq/ft – Sold $782K 3/05 (-25%)
1098 Brightwood – $599K – $233 sq/ft – Sold $762K 11/04 (-21%)
704 Hollowbrook – $635K – $226 sq/ft – Sold $754K 1/06 (-16%)
726 Leeward – $648K – $216 sq/ft – Sold $760K 3/06 (-15%)
979 Baylor – $727K – $217 sq/ft – Sold $771K 6/04 (-6%) PENDING SALE – Congrats, good luck with that one.
878 Antilla – $740K – $224 sq/ft – Sold $819K 4/05 (-10%)
855 Antilla – $699K – $194 sq/ft – Sold $872K 7/05 (-20%)
871 Antilla – $750K – $220 sq/ft – Sold $865K 3/05 (-13%)
1419 Eclipse – $750K – $229 sq/ft – Sold $885K 10/06 (-15%)

On track to sell by 2020:
1005 Brightwood – $699K – $243 sq/ft – Sold $856K 3/05 (-18%)
1089 Brightwood – $699K – $246 sq/ft – Sold $800K 11/04 (-13%)
1474 Anchor – $725K – $258 sq/ft – No sale available (Gorgeous house with ocean view but get real)
1085 Brightwood – $699K – $264 sq/ft – Sold $745K 11/04 (-6%)
1079 Grain Mill – $699K – $270 sq/ft – Sold $654K 6/05 (+7%)
948 Citrine – $750K – $283 sq/ft – Sold $717K 4/06 (+5%)

Folks, I don’t even know where to start here. 13 of 15 for sale in the hood are below purchase price. 1 sale pending. 6 overpriced (althoug 5 have really nice views). I guess my only advice is not to buy on Brightwood. Oh, and maybe tell your friends on Grain Mill and Citrine that they won’t be able to fetch a profit in these conditions.

[waiting for bottom]

So even though we have buyers on Crescent and Sundance making unbelievably terrible purchases, let’s go up past the town center and see what’s happening near Questhaven…where the Mello Roos will hit you around $4500.

Selling for less than purchase price:
1531 Clifftop – $590K – $223 sq/ft – Sold $782K 3/05 (-25%)
1098 Brightwood – $599K – $233 sq/ft – Sold $762K 11/04 (-21%)
704 Hollowbrook – $635K – $226 sq/ft – Sold $754K 1/06 (-16%)
726 Leeward – $648K – $216 sq/ft – Sold $760K 3/06 (-15%)
979 Baylor – $727K – $217 sq/ft – Sold $771K 6/04 (-6%) PENDING SALE – Congrats, good luck with that one.
878 Antilla – $740K – $224 sq/ft – Sold $819K 4/05 (-10%)
855 Antilla – $699K – $194 sq/ft – Sold $872K 7/05 (-20%)
871 Antilla – $750K – $220 sq/ft – Sold $865K 3/05 (-13%)
1419 Eclipse – $750K – $229 sq/ft – Sold $885K 10/06 (-15%)

On track to sell by 2020:
1005 Brightwood – $699K – $243 sq/ft – Sold $856K 3/05 (-18%)
1089 Brightwood – $699K – $246 sq/ft – Sold $800K 11/04 (-13%)
1474 Anchor – $725K – $258 sq/ft – No sale available (Gorgeous house with ocean view but get real)
1085 Brightwood – $699K – $264 sq/ft – Sold $745K 11/04 (-6%)
1079 Grain Mill – $699K – $270 sq/ft – Sold $654K 6/05 (+7%)
948 Citrine – $750K – $283 sq/ft – Sold $717K 4/06 (+5%)

Folks, I don’t even know where to start here. 13 of 15 for sale in the hood are below purchase price. 1 sale pending. 6 overpriced (althoug 5 have really nice views). I guess my only advice is not to buy on Brightwood. Oh, and maybe tell your friends on Grain Mill and Citrine that they won’t be able to fetch a profit in these conditions.

[waiting for bottom]

So even though we have buyers on Crescent and Sundance making unbelievably terrible purchases, let’s go up past the town center and see what’s happening near Questhaven…where the Mello Roos will hit you around $4500.

Selling for less than purchase price:
1531 Clifftop – $590K – $223 sq/ft – Sold $782K 3/05 (-25%)
1098 Brightwood – $599K – $233 sq/ft – Sold $762K 11/04 (-21%)
704 Hollowbrook – $635K – $226 sq/ft – Sold $754K 1/06 (-16%)
726 Leeward – $648K – $216 sq/ft – Sold $760K 3/06 (-15%)
979 Baylor – $727K – $217 sq/ft – Sold $771K 6/04 (-6%) PENDING SALE – Congrats, good luck with that one.
878 Antilla – $740K – $224 sq/ft – Sold $819K 4/05 (-10%)
855 Antilla – $699K – $194 sq/ft – Sold $872K 7/05 (-20%)
871 Antilla – $750K – $220 sq/ft – Sold $865K 3/05 (-13%)
1419 Eclipse – $750K – $229 sq/ft – Sold $885K 10/06 (-15%)

On track to sell by 2020:
1005 Brightwood – $699K – $243 sq/ft – Sold $856K 3/05 (-18%)
1089 Brightwood – $699K – $246 sq/ft – Sold $800K 11/04 (-13%)
1474 Anchor – $725K – $258 sq/ft – No sale available (Gorgeous house with ocean view but get real)
1085 Brightwood – $699K – $264 sq/ft – Sold $745K 11/04 (-6%)
1079 Grain Mill – $699K – $270 sq/ft – Sold $654K 6/05 (+7%)
948 Citrine – $750K – $283 sq/ft – Sold $717K 4/06 (+5%)

Folks, I don’t even know where to start here. 13 of 15 for sale in the hood are below purchase price. 1 sale pending. 6 overpriced (althoug 5 have really nice views). I guess my only advice is not to buy on Brightwood. Oh, and maybe tell your friends on Grain Mill and Citrine that they won’t be able to fetch a profit in these conditions.

[waiting for bottom]

So even though we have buyers on Crescent and Sundance making unbelievably terrible purchases, let’s go up past the town center and see what’s happening near Questhaven…where the Mello Roos will hit you around $4500.

Selling for less than purchase price:
1531 Clifftop – $590K – $223 sq/ft – Sold $782K 3/05 (-25%)
1098 Brightwood – $599K – $233 sq/ft – Sold $762K 11/04 (-21%)
704 Hollowbrook – $635K – $226 sq/ft – Sold $754K 1/06 (-16%)
726 Leeward – $648K – $216 sq/ft – Sold $760K 3/06 (-15%)
979 Baylor – $727K – $217 sq/ft – Sold $771K 6/04 (-6%) PENDING SALE – Congrats, good luck with that one.
878 Antilla – $740K – $224 sq/ft – Sold $819K 4/05 (-10%)
855 Antilla – $699K – $194 sq/ft – Sold $872K 7/05 (-20%)
871 Antilla – $750K – $220 sq/ft – Sold $865K 3/05 (-13%)
1419 Eclipse – $750K – $229 sq/ft – Sold $885K 10/06 (-15%)

On track to sell by 2020:
1005 Brightwood – $699K – $243 sq/ft – Sold $856K 3/05 (-18%)
1089 Brightwood – $699K – $246 sq/ft – Sold $800K 11/04 (-13%)
1474 Anchor – $725K – $258 sq/ft – No sale available (Gorgeous house with ocean view but get real)
1085 Brightwood – $699K – $264 sq/ft – Sold $745K 11/04 (-6%)
1079 Grain Mill – $699K – $270 sq/ft – Sold $654K 6/05 (+7%)
948 Citrine – $750K – $283 sq/ft – Sold $717K 4/06 (+5%)

Folks, I don’t even know where to start here. 13 of 15 for sale in the hood are below purchase price. 1 sale pending. 6 overpriced (althoug 5 have really nice views). I guess my only advice is not to buy on Brightwood. Oh, and maybe tell your friends on Grain Mill and Citrine that they won’t be able to fetch a profit in these conditions.

[eyePod]

That’s about 7.5% interest rate. Outrageous

[eyePod]

That’s about 7.5% interest rate. Outrageous

[eyePod]

That’s about 7.5% interest rate. Outrageous

[eyePod]

That’s about 7.5% interest rate. Outrageous

[SD Realtor]

New_renter – Please see my post on Mello Roos. I did find evidence that you can indeed pay up front. Every year the Mello Roos fees are determined but there is a cap on the max rate. In order to payoff the Mello Roos up front you pay the max rate for the life of the bond up front.

Yep indeed you can do it.

SD Realtor

[SD Realtor]

New_renter – Please see my post on Mello Roos. I did find evidence that you can indeed pay up front. Every year the Mello Roos fees are determined but there is a cap on the max rate. In order to payoff the Mello Roos up front you pay the max rate for the life of the bond up front.

Yep indeed you can do it.

SD Realtor

[SD Realtor]

New_renter – Please see my post on Mello Roos. I did find evidence that you can indeed pay up front. Every year the Mello Roos fees are determined but there is a cap on the max rate. In order to payoff the Mello Roos up front you pay the max rate for the life of the bond up front.

Yep indeed you can do it.

SD Realtor

[SD Realtor]

New_renter – Please see my post on Mello Roos. I did find evidence that you can indeed pay up front. Every year the Mello Roos fees are determined but there is a cap on the max rate. In order to payoff the Mello Roos up front you pay the max rate for the life of the bond up front.

Yep indeed you can do it.

SD Realtor

[SD Realtor]

New_renter – Please see my post on Mello Roos. I did find evidence that you can indeed pay up front. Every year the Mello Roos fees are determined but there is a cap on the max rate. In order to payoff the Mello Roos up front you pay the max rate for the life of the bond up front.

Yep indeed you can do it.

SD Realtor

[New_Renter]

SD Realtor, I know for fact that when you buy a lot in Santaluz you have the option of paying off the Mello-Roos up-front. It varies by lot, but it was roughly $100K. This was versus paying around $8500/yr. on the Mellow-Roos bond for 30 years.

[New_Renter]

SD Realtor, I know for fact that when you buy a lot in Santaluz you have the option of paying off the Mello-Roos up-front. It varies by lot, but it was roughly $100K. This was versus paying around $8500/yr. on the Mellow-Roos bond for 30 years.

[New_Renter]

SD Realtor, I know for fact that when you buy a lot in Santaluz you have the option of paying off the Mello-Roos up-front. It varies by lot, but it was roughly $100K. This was versus paying around $8500/yr. on the Mellow-Roos bond for 30 years.

[New_Renter]

SD Realtor, I know for fact that when you buy a lot in Santaluz you have the option of paying off the Mello-Roos up-front. It varies by lot, but it was roughly $100K. This was versus paying around $8500/yr. on the Mellow-Roos bond for 30 years.

[SD Realtor]

sdrealtor as far as the builder paying them off, there may indeed be some way to do it.

Once you can show me a case where an individual homeowner paid off MR up front then I will listen.

SD Realtor

[SD Realtor]

sdrealtor as far as the builder paying them off, there may indeed be some way to do it.

Once you can show me a case where an individual homeowner paid off MR up front then I will listen.

SD Realtor

[SD Realtor]

sdrealtor as far as the builder paying them off, there may indeed be some way to do it.

Once you can show me a case where an individual homeowner paid off MR up front then I will listen.

SD Realtor

[SD Realtor]

sdrealtor as far as the builder paying them off, there may indeed be some way to do it.

Once you can show me a case where an individual homeowner paid off MR up front then I will listen.

SD Realtor

[sdrealtor]

I have heard of homes where the sellers paid off the Mello Roos many times. Not sure how this is done but I think your wrong.

[sdrealtor]

I have heard of homes where the sellers paid off the Mello Roos many times. Not sure how this is done but I think your wrong.

[sdrealtor]

I have heard of homes where the sellers paid off the Mello Roos many times. Not sure how this is done but I think your wrong.

[sdrealtor]

I have heard of homes where the sellers paid off the Mello Roos many times. Not sure how this is done but I think your wrong.

[SD Realtor]

Mello Roos cannot be paid up front…. unfortunately.

SD Realtor

[SD Realtor]

Mello Roos cannot be paid up front…. unfortunately.

SD Realtor

[SD Realtor]

Mello Roos cannot be paid up front…. unfortunately.

SD Realtor

[SD Realtor]

Mello Roos cannot be paid up front…. unfortunately.

SD Realtor

[farbet]

Mello Roos is a killer for these Po folks around Questhaven/
With resets popping up now things willget hectic.
Mello Roos is a bond right anyone?
Can one pay the Mello Roos up front instead of having it stretched out for 20-30 years?

[farbet]

Mello Roos is a killer for these Po folks around Questhaven/
With resets popping up now things willget hectic.
Mello Roos is a bond right anyone?
Can one pay the Mello Roos up front instead of having it stretched out for 20-30 years?

[farbet]

Mello Roos is a killer for these Po folks around Questhaven/
With resets popping up now things willget hectic.
Mello Roos is a bond right anyone?
Can one pay the Mello Roos up front instead of having it stretched out for 20-30 years?

[farbet]

Mello Roos is a killer for these Po folks around Questhaven/
With resets popping up now things willget hectic.
Mello Roos is a bond right anyone?
Can one pay the Mello Roos up front instead of having it stretched out for 20-30 years?

[waiting for bottom]

Yes. Mellos roos in the Sagewood/Archer/Rivercrest/Sundance, etc area is around $2500. Up near Questhaven it is $4500-$5000.

[waiting for bottom]

Yes. Mellos roos in the Sagewood/Archer/Rivercrest/Sundance, etc area is around $2500. Up near Questhaven it is $4500-$5000.

[waiting for bottom]

Yes. Mellos roos in the Sagewood/Archer/Rivercrest/Sundance, etc area is around $2500. Up near Questhaven it is $4500-$5000.

[waiting for bottom]

Yes. Mellos roos in the Sagewood/Archer/Rivercrest/Sundance, etc area is around $2500. Up near Questhaven it is $4500-$5000.

[farbet]

Is the mello roos lower on the Archer area homes side than the Questahaven area?

[farbet]

Is the mello roos lower on the Archer area homes side than the Questahaven area?

[farbet]

Is the mello roos lower on the Archer area homes side than the Questahaven area?

[farbet]

Is the mello roos lower on the Archer area homes side than the Questahaven area?

[waiting for bottom]

My rent is $2800, on a street adjacent to both Sagewood and Archer and close to 3000 sq feet.

1546 Archer would be $4763 with 20% PITP+MR 30 fxd.
1655 Sagewood would be $4666

The “reasonably” priced 1434 Rivercrest would be $4016. It is almost identical to the house I am renting (same model).

Still a ways to fall? Rivercrest would have to fall to $475K to get near $3000.

None of this includes the $85 HOA.

Wow.

[Rockemsock]

I live in the same model as 1677 Archer on an adjacent street.

Our rent is $2500 and the gardener is paid.
Cul-de-sac location with view.

Oh, and for all those that thought the traffic would be a problem when Twin Oaks went through. It’s not. Sure there are more cars, but nothing unreasonable at all. I wouldn’t want to be one of the condos facing the town center, but driving through town is very easy. And now that the road is complete, it looks like there is a decent amount of progress being made on the Albertson’s (foundation laid, block walls going up now). Still doubt if i would ever buy here.

[waiting for bottom]

It looks like we had an uninformed buyer come in and mess things up.

1432 Sundance – $619K – $249 sq/ft – Sold 11/16

Why buy this when you can buy Rivercrest for $202 sq/ft (bigger house, lower price, similar street).

Mind boggling.

[waiting for bottom]

It looks like we had an uninformed buyer come in and mess things up.

1432 Sundance – $619K – $249 sq/ft – Sold 11/16

Why buy this when you can buy Rivercrest for $202 sq/ft (bigger house, lower price, similar street).

Mind boggling.

[waiting for bottom]

It looks like we had an uninformed buyer come in and mess things up.

1432 Sundance – $619K – $249 sq/ft – Sold 11/16

Why buy this when you can buy Rivercrest for $202 sq/ft (bigger house, lower price, similar street).

Mind boggling.

[waiting for bottom]

It looks like we had an uninformed buyer come in and mess things up.

1432 Sundance – $619K – $249 sq/ft – Sold 11/16

Why buy this when you can buy Rivercrest for $202 sq/ft (bigger house, lower price, similar street).

Mind boggling.

[waiting for bottom]

It looks like we had an uninformed buyer come in and mess things up.

1432 Sundance – $619K – $249 sq/ft – Sold 11/16

Why buy this when you can buy Rivercrest for $202 sq/ft (bigger house, lower price, similar street).

Mind boggling.

[Rockemsock]

I live in the same model as 1677 Archer on an adjacent street.

Our rent is $2500 and the gardener is paid.
Cul-de-sac location with view.

Oh, and for all those that thought the traffic would be a problem when Twin Oaks went through. It’s not. Sure there are more cars, but nothing unreasonable at all. I wouldn’t want to be one of the condos facing the town center, but driving through town is very easy. And now that the road is complete, it looks like there is a decent amount of progress being made on the Albertson’s (foundation laid, block walls going up now). Still doubt if i would ever buy here.

[Rockemsock]

I live in the same model as 1677 Archer on an adjacent street.

Our rent is $2500 and the gardener is paid.
Cul-de-sac location with view.

Oh, and for all those that thought the traffic would be a problem when Twin Oaks went through. It’s not. Sure there are more cars, but nothing unreasonable at all. I wouldn’t want to be one of the condos facing the town center, but driving through town is very easy. And now that the road is complete, it looks like there is a decent amount of progress being made on the Albertson’s (foundation laid, block walls going up now). Still doubt if i would ever buy here.

[Rockemsock]

I live in the same model as 1677 Archer on an adjacent street.

Our rent is $2500 and the gardener is paid.
Cul-de-sac location with view.

Oh, and for all those that thought the traffic would be a problem when Twin Oaks went through. It’s not. Sure there are more cars, but nothing unreasonable at all. I wouldn’t want to be one of the condos facing the town center, but driving through town is very easy. And now that the road is complete, it looks like there is a decent amount of progress being made on the Albertson’s (foundation laid, block walls going up now). Still doubt if i would ever buy here.

[Rockemsock]

I live in the same model as 1677 Archer on an adjacent street.

Our rent is $2500 and the gardener is paid.
Cul-de-sac location with view.

Oh, and for all those that thought the traffic would be a problem when Twin Oaks went through. It’s not. Sure there are more cars, but nothing unreasonable at all. I wouldn’t want to be one of the condos facing the town center, but driving through town is very easy. And now that the road is complete, it looks like there is a decent amount of progress being made on the Albertson’s (foundation laid, block walls going up now). Still doubt if i would ever buy here.

[waiting for bottom]

My rent is $2800, on a street adjacent to both Sagewood and Archer and close to 3000 sq feet.

1546 Archer would be $4763 with 20% PITP+MR 30 fxd.
1655 Sagewood would be $4666

The “reasonably” priced 1434 Rivercrest would be $4016. It is almost identical to the house I am renting (same model).

Still a ways to fall? Rivercrest would have to fall to $475K to get near $3000.

None of this includes the $85 HOA.

Wow.

[waiting for bottom]

My rent is $2800, on a street adjacent to both Sagewood and Archer and close to 3000 sq feet.

1546 Archer would be $4763 with 20% PITP+MR 30 fxd.
1655 Sagewood would be $4666

The “reasonably” priced 1434 Rivercrest would be $4016. It is almost identical to the house I am renting (same model).

Still a ways to fall? Rivercrest would have to fall to $475K to get near $3000.

None of this includes the $85 HOA.

Wow.

[waiting for bottom]

My rent is $2800, on a street adjacent to both Sagewood and Archer and close to 3000 sq feet.

1546 Archer would be $4763 with 20% PITP+MR 30 fxd.
1655 Sagewood would be $4666

The “reasonably” priced 1434 Rivercrest would be $4016. It is almost identical to the house I am renting (same model).

Still a ways to fall? Rivercrest would have to fall to $475K to get near $3000.

None of this includes the $85 HOA.

Wow.

[waiting for bottom]

My rent is $2800, on a street adjacent to both Sagewood and Archer and close to 3000 sq feet.

1546 Archer would be $4763 with 20% PITP+MR 30 fxd.
1655 Sagewood would be $4666

The “reasonably” priced 1434 Rivercrest would be $4016. It is almost identical to the house I am renting (same model).

Still a ways to fall? Rivercrest would have to fall to $475K to get near $3000.

None of this includes the $85 HOA.

Wow.

[NotCranky]

Hi WFB,
How does your rent compare to a 20% down mortgage PITI & mello roos for similar recent solds?

[NotCranky]

Hi WFB,
How does your rent compare to a 20% down mortgage PITI & mello roos for similar recent solds?

[NotCranky]

Hi WFB,
How does your rent compare to a 20% down mortgage PITI & mello roos for similar recent solds?

[NotCranky]

Hi WFB,
How does your rent compare to a 20% down mortgage PITI & mello roos for similar recent solds?

[ariffe22]

this is some great information looking back from over a year ago. I wonder what this looks like updated to today’s information.

[ariffe22]

this is some great information looking back from over a year ago. I wonder what this looks like updated to today’s information.

[ariffe22]

this is some great information looking back from over a year ago. I wonder what this looks like updated to today’s information.

[ariffe22]

this is some great information looking back from over a year ago. I wonder what this looks like updated to today’s information.

[ariffe22]

this is some great information looking back from over a year ago. I wonder what this looks like updated to today’s information.

[waiting for bottom]

Updated original post with new data to the right. The tally:
**3 of 7 listings sold at only 7% avg discount (knives).
**4 of 7 not sold – 1 of those 4 now listed 19% lower.
**2008 listings average 22% lower than 2007 listings
**************************************************
Original Post:

Only reasonably priced house in the $500-$750K range:

1434 Rivercrest, $599K – Sold 1/08 for $615K

Check out the denial club:

1662 Sagewood, $699K – sold 10/08 for $615K
1655 Sagewood, $659K – removed, not sold
1614 Sagewood, $679K – sold 2/08 $613K
1677 Archer, $695K – removed, not sold
1546 Archer, $708K – sold 12/07 for $695K (knife)
1692 Archer, $699K – removed, not sold
1589 Archer, $679K – currenlty listed at $550K

December 2008 Sagewood listings:

1690 Sagewood, $519K – $188 sq/ft
1610 Sagewood, $560K – $190 sq/ft

Both are REO’s.

2007 Sagewood listings averaged $241 sq/ft – making 2008 22% down – sounds about right. Another 10-20% to go IMO.

Nothing on Archer other than the one still listed, 19% lower than last year.

[waiting for bottom]

Updated original post with new data to the right. The tally:
**3 of 7 listings sold at only 7% avg discount (knives).
**4 of 7 not sold – 1 of those 4 now listed 19% lower.
**2008 listings average 22% lower than 2007 listings
**************************************************
Original Post:

Only reasonably priced house in the $500-$750K range:

1434 Rivercrest, $599K – Sold 1/08 for $615K

Check out the denial club:

1662 Sagewood, $699K – sold 10/08 for $615K
1655 Sagewood, $659K – removed, not sold
1614 Sagewood, $679K – sold 2/08 $613K
1677 Archer, $695K – removed, not sold
1546 Archer, $708K – sold 12/07 for $695K (knife)
1692 Archer, $699K – removed, not sold
1589 Archer, $679K – currenlty listed at $550K

December 2008 Sagewood listings:

1690 Sagewood, $519K – $188 sq/ft
1610 Sagewood, $560K – $190 sq/ft

Both are REO’s.

2007 Sagewood listings averaged $241 sq/ft – making 2008 22% down – sounds about right. Another 10-20% to go IMO.

Nothing on Archer other than the one still listed, 19% lower than last year.

[waiting for bottom]

Updated original post with new data to the right. The tally:
**3 of 7 listings sold at only 7% avg discount (knives).
**4 of 7 not sold – 1 of those 4 now listed 19% lower.
**2008 listings average 22% lower than 2007 listings
**************************************************
Original Post:

Only reasonably priced house in the $500-$750K range:

1434 Rivercrest, $599K – Sold 1/08 for $615K

Check out the denial club:

1662 Sagewood, $699K – sold 10/08 for $615K
1655 Sagewood, $659K – removed, not sold
1614 Sagewood, $679K – sold 2/08 $613K
1677 Archer, $695K – removed, not sold
1546 Archer, $708K – sold 12/07 for $695K (knife)
1692 Archer, $699K – removed, not sold
1589 Archer, $679K – currenlty listed at $550K

December 2008 Sagewood listings:

1690 Sagewood, $519K – $188 sq/ft
1610 Sagewood, $560K – $190 sq/ft

Both are REO’s.

2007 Sagewood listings averaged $241 sq/ft – making 2008 22% down – sounds about right. Another 10-20% to go IMO.

Nothing on Archer other than the one still listed, 19% lower than last year.

[waiting for bottom]

Updated original post with new data to the right. The tally:
**3 of 7 listings sold at only 7% avg discount (knives).
**4 of 7 not sold – 1 of those 4 now listed 19% lower.
**2008 listings average 22% lower than 2007 listings
**************************************************
Original Post:

Only reasonably priced house in the $500-$750K range:

1434 Rivercrest, $599K – Sold 1/08 for $615K

Check out the denial club:

1662 Sagewood, $699K – sold 10/08 for $615K
1655 Sagewood, $659K – removed, not sold
1614 Sagewood, $679K – sold 2/08 $613K
1677 Archer, $695K – removed, not sold
1546 Archer, $708K – sold 12/07 for $695K (knife)
1692 Archer, $699K – removed, not sold
1589 Archer, $679K – currenlty listed at $550K

December 2008 Sagewood listings:

1690 Sagewood, $519K – $188 sq/ft
1610 Sagewood, $560K – $190 sq/ft

Both are REO’s.

2007 Sagewood listings averaged $241 sq/ft – making 2008 22% down – sounds about right. Another 10-20% to go IMO.

Nothing on Archer other than the one still listed, 19% lower than last year.

[waiting for bottom]

Updated original post with new data to the right. The tally:
**3 of 7 listings sold at only 7% avg discount (knives).
**4 of 7 not sold – 1 of those 4 now listed 19% lower.
**2008 listings average 22% lower than 2007 listings
**************************************************
Original Post:

Only reasonably priced house in the $500-$750K range:

1434 Rivercrest, $599K – Sold 1/08 for $615K

Check out the denial club:

1662 Sagewood, $699K – sold 10/08 for $615K
1655 Sagewood, $659K – removed, not sold
1614 Sagewood, $679K – sold 2/08 $613K
1677 Archer, $695K – removed, not sold
1546 Archer, $708K – sold 12/07 for $695K (knife)
1692 Archer, $699K – removed, not sold
1589 Archer, $679K – currenlty listed at $550K

December 2008 Sagewood listings:

1690 Sagewood, $519K – $188 sq/ft
1610 Sagewood, $560K – $190 sq/ft

Both are REO’s.

2007 Sagewood listings averaged $241 sq/ft – making 2008 22% down – sounds about right. Another 10-20% to go IMO.

Nothing on Archer other than the one still listed, 19% lower than last year.

[Author]

Posts