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sdrealtor.
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June 2, 2008 at 12:21 PM #215584June 2, 2008 at 12:21 PM #215609
sdrealtor
ParticipantTime to resurrect an old thread again. Here’s where we left off:
“Those looking for a dramtaic crash to 500K have been sadly disappointed.” sdrealtor, 6/06
“San Marcos currently has a 1 year supply of homes for sale, now we got 4 foreclosures in one single community. I’m now looking at these properties going down into low $400,000’s mid to late next year.” ocrenter 8/06
“You can believe what you want but there is no way you will see the 2300 sq ft model that was the basis of this thread from the outset sell at a price close to the low 400’s. End of story.” sdrealtor, 11/07
491 CAMINO VERDE, San Marcos, CA 92078 (1909 sqft)
–11/19/07: asking $396,000584 VIA DEL CABALLO, San Marcos, CA 92078 (2259 sqft)
–11/21/07: asking $430,000“the story has just begun.”ocrenter 11/07
414 Camino Hermoso, San Marcos, CA 92078 (2,358 sqft)
CLOSED ESCROW on 4/28/08 for $515,000 to buyer with 20% down.FWIW, 584 Via Del Caballo which was a horrible house with 5 feet of backyard and massive slope (100’s of feet high) directly behind it. It closed for $447,000 in early March.
6 months later it looks like sdrealtor was spot on!
Going forward is another story but for now, I’ll crow a bit.
June 2, 2008 at 12:21 PM #215640ParticipantTime to resurrect an old thread again. Here’s where we left off:
“Those looking for a dramtaic crash to 500K have been sadly disappointed.” sdrealtor, 6/06
“San Marcos currently has a 1 year supply of homes for sale, now we got 4 foreclosures in one single community. I’m now looking at these properties going down into low $400,000’s mid to late next year.” ocrenter 8/06
“You can believe what you want but there is no way you will see the 2300 sq ft model that was the basis of this thread from the outset sell at a price close to the low 400’s. End of story.” sdrealtor, 11/07
491 CAMINO VERDE, San Marcos, CA 92078 (1909 sqft)
–11/19/07: asking $396,000584 VIA DEL CABALLO, San Marcos, CA 92078 (2259 sqft)
–11/21/07: asking $430,000“the story has just begun.”ocrenter 11/07
414 Camino Hermoso, San Marcos, CA 92078 (2,358 sqft)
CLOSED ESCROW on 4/28/08 for $515,000 to buyer with 20% down.FWIW, 584 Via Del Caballo which was a horrible house with 5 feet of backyard and massive slope (100’s of feet high) directly behind it. It closed for $447,000 in early March.
6 months later it looks like sdrealtor was spot on!
Going forward is another story but for now, I’ll crow a bit.
June 2, 2008 at 3:16 PM #215517jmrrobbie1
ParticipantJMR
What of the San Elijo Hills “planned community”? My digging indicates numerous ownership complaints with poor building & construction problems – obviously these built during the boom. Is this micro-area of San Marcos holding its own; this section started in the late bubble era and the next two phases yet to start?
What of this community in general – if the price drops enough in the next two years this location seems ideal – proximity to ocean, high enough on hillside to give a sense of uniqueness, access to freeways, infrastructure & shopping, new schools? Several pricey homes on Schoolhouse Way (#1400 & 1405) – with ocean views but now listing in this bubble burst ($990K)… although Westcliffe is the higher end for this community? Is $775K too much of a stretch in the future for these two – but worth the risk of a poorly built home (Ocean view, 9000+ sq ft lot, $189/sq ft).
June 2, 2008 at 3:16 PM #215600ParticipantJMR
What of the San Elijo Hills “planned community”? My digging indicates numerous ownership complaints with poor building & construction problems – obviously these built during the boom. Is this micro-area of San Marcos holding its own; this section started in the late bubble era and the next two phases yet to start?
What of this community in general – if the price drops enough in the next two years this location seems ideal – proximity to ocean, high enough on hillside to give a sense of uniqueness, access to freeways, infrastructure & shopping, new schools? Several pricey homes on Schoolhouse Way (#1400 & 1405) – with ocean views but now listing in this bubble burst ($990K)… although Westcliffe is the higher end for this community? Is $775K too much of a stretch in the future for these two – but worth the risk of a poorly built home (Ocean view, 9000+ sq ft lot, $189/sq ft).
June 2, 2008 at 3:16 PM #215627ParticipantJMR
What of the San Elijo Hills “planned community”? My digging indicates numerous ownership complaints with poor building & construction problems – obviously these built during the boom. Is this micro-area of San Marcos holding its own; this section started in the late bubble era and the next two phases yet to start?
What of this community in general – if the price drops enough in the next two years this location seems ideal – proximity to ocean, high enough on hillside to give a sense of uniqueness, access to freeways, infrastructure & shopping, new schools? Several pricey homes on Schoolhouse Way (#1400 & 1405) – with ocean views but now listing in this bubble burst ($990K)… although Westcliffe is the higher end for this community? Is $775K too much of a stretch in the future for these two – but worth the risk of a poorly built home (Ocean view, 9000+ sq ft lot, $189/sq ft).
June 2, 2008 at 3:16 PM #215654ParticipantJMR
What of the San Elijo Hills “planned community”? My digging indicates numerous ownership complaints with poor building & construction problems – obviously these built during the boom. Is this micro-area of San Marcos holding its own; this section started in the late bubble era and the next two phases yet to start?
What of this community in general – if the price drops enough in the next two years this location seems ideal – proximity to ocean, high enough on hillside to give a sense of uniqueness, access to freeways, infrastructure & shopping, new schools? Several pricey homes on Schoolhouse Way (#1400 & 1405) – with ocean views but now listing in this bubble burst ($990K)… although Westcliffe is the higher end for this community? Is $775K too much of a stretch in the future for these two – but worth the risk of a poorly built home (Ocean view, 9000+ sq ft lot, $189/sq ft).
June 2, 2008 at 3:16 PM #215682ParticipantJMR
What of the San Elijo Hills “planned community”? My digging indicates numerous ownership complaints with poor building & construction problems – obviously these built during the boom. Is this micro-area of San Marcos holding its own; this section started in the late bubble era and the next two phases yet to start?
What of this community in general – if the price drops enough in the next two years this location seems ideal – proximity to ocean, high enough on hillside to give a sense of uniqueness, access to freeways, infrastructure & shopping, new schools? Several pricey homes on Schoolhouse Way (#1400 & 1405) – with ocean views but now listing in this bubble burst ($990K)… although Westcliffe is the higher end for this community? Is $775K too much of a stretch in the future for these two – but worth the risk of a poorly built home (Ocean view, 9000+ sq ft lot, $189/sq ft).
June 2, 2008 at 8:31 PM #215756farbet
ParticipantAKA San Mello Roos 92078
faux rich
lots of NODJune 2, 2008 at 8:31 PM #215839ParticipantAKA San Mello Roos 92078
faux rich
lots of NODJune 2, 2008 at 8:31 PM #215864ParticipantAKA San Mello Roos 92078
faux rich
lots of NODJune 2, 2008 at 8:31 PM #215891ParticipantAKA San Mello Roos 92078
faux rich
lots of NODJune 2, 2008 at 8:31 PM #215917ParticipantAKA San Mello Roos 92078
faux rich
lots of NODJune 2, 2008 at 8:31 PM #215761ParticipantAKA San Mello Roos 92078
faux rich
lots of NODJune 2, 2008 at 8:31 PM #215844ParticipantAKA San Mello Roos 92078
faux rich
lots of NOD -
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