Santa Luz

[Raybyrnes]

Santa Luz has Mello Roos which hurts it but pricing is starting to move into more realistic territory for potential move up buyers.

or Sale (MLS-listed)
$990,000
Rancho Ventana Trl
San Diego, CA 92127
BEDS: 4
BATHS: 3.5
SQ. FT.: 3,975
$/SQ. FT.: $249
LOT SIZE: –
PROPERTY TYPE: Residential, Detached
STYLE: Mediterranean/Spanish
STORIES: 2
VIEW: Evening Lights, Mountains/Hills, Panoramic
YEAR BUILT: 2005
COMMUNITY: SANTALUZ
COUNTY: San Diego
MLS#: 100015875
SOURCE: SANDICOR
STATUS: Active
ON REDFIN: 1 day
NEW LISTING (24 HOURS)

[pepsi]

I think this is just another SS scam to milk out as many free rent as possible….
You won’t get the house even if you are the high bidder of this SS. (unless you bid it up a more realistic market price)

[pepsi]

I think this is just another SS scam to milk out as many free rent as possible….
You won’t get the house even if you are the high bidder of this SS. (unless you bid it up a more realistic market price)

[pepsi]

I think this is just another SS scam to milk out as many free rent as possible….
You won’t get the house even if you are the high bidder of this SS. (unless you bid it up a more realistic market price)

[pepsi]

I think this is just another SS scam to milk out as many free rent as possible….
You won’t get the house even if you are the high bidder of this SS. (unless you bid it up a more realistic market price)

[pepsi]

I think this is just another SS scam to milk out as many free rent as possible….
You won’t get the house even if you are the high bidder of this SS. (unless you bid it up a more realistic market price)

[Eugene]

[quote=pepsi]I think this is just another SS scam to milk out as many free rent as possible….
You won’t get the house even if you are the high bidder of this SS. (unless you bid it up a more realistic market price)[/quote]

Why? There were already at least three sales in Mirasol near that price point:

http://www.sdlookup.com/MLS-076078880-7362_Rancho_Catalina_Trl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-080081983-7436_Rancho_Cabrillo_Trl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-081000796-7419_Rancho_Cabrillo_Trl_San_Diego_CA_92127

[Eugene]

[quote=pepsi]I think this is just another SS scam to milk out as many free rent as possible….
You won’t get the house even if you are the high bidder of this SS. (unless you bid it up a more realistic market price)[/quote]

Why? There were already at least three sales in Mirasol near that price point:

http://www.sdlookup.com/MLS-076078880-7362_Rancho_Catalina_Trl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-080081983-7436_Rancho_Cabrillo_Trl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-081000796-7419_Rancho_Cabrillo_Trl_San_Diego_CA_92127

[Eugene]

[quote=pepsi]I think this is just another SS scam to milk out as many free rent as possible….
You won’t get the house even if you are the high bidder of this SS. (unless you bid it up a more realistic market price)[/quote]

Why? There were already at least three sales in Mirasol near that price point:

http://www.sdlookup.com/MLS-076078880-7362_Rancho_Catalina_Trl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-080081983-7436_Rancho_Cabrillo_Trl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-081000796-7419_Rancho_Cabrillo_Trl_San_Diego_CA_92127

[Eugene]

[quote=pepsi]I think this is just another SS scam to milk out as many free rent as possible….
You won’t get the house even if you are the high bidder of this SS. (unless you bid it up a more realistic market price)[/quote]

Why? There were already at least three sales in Mirasol near that price point:

http://www.sdlookup.com/MLS-076078880-7362_Rancho_Catalina_Trl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-080081983-7436_Rancho_Cabrillo_Trl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-081000796-7419_Rancho_Cabrillo_Trl_San_Diego_CA_92127

[Eugene]

[quote=pepsi]I think this is just another SS scam to milk out as many free rent as possible….
You won’t get the house even if you are the high bidder of this SS. (unless you bid it up a more realistic market price)[/quote]

Why? There were already at least three sales in Mirasol near that price point:

http://www.sdlookup.com/MLS-076078880-7362_Rancho_Catalina_Trl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-080081983-7436_Rancho_Cabrillo_Trl_San_Diego_CA_92127
http://www.sdlookup.com/MLS-081000796-7419_Rancho_Cabrillo_Trl_San_Diego_CA_92127

[SD Realtor]

Actually I don’t think it is as much as a pipecleaner as you think. Digging through the main point of the original poster, Santa Luz has been depreciating bigtime. Our investment group considered buying a Santa Luz property awhile back at trustee sale and we did not and were VERY surprised at what the home went for. We think that that particular buyer will be hosed but you never know. If you really dig into the comps and study them, this is not an outlandish price and would represent about a 2/3 hit to the 1.5 paid for the home a few years ago.

In general I would agree with the premise of the original poster however step up buyers going into a 900k or 1M home is a healthy step up and maybe I would say it is second step up buyers, not first step up buyers.

So no I do not classify this listing as a pipecleaner at all.

[SD Realtor]

Actually I don’t think it is as much as a pipecleaner as you think. Digging through the main point of the original poster, Santa Luz has been depreciating bigtime. Our investment group considered buying a Santa Luz property awhile back at trustee sale and we did not and were VERY surprised at what the home went for. We think that that particular buyer will be hosed but you never know. If you really dig into the comps and study them, this is not an outlandish price and would represent about a 2/3 hit to the 1.5 paid for the home a few years ago.

In general I would agree with the premise of the original poster however step up buyers going into a 900k or 1M home is a healthy step up and maybe I would say it is second step up buyers, not first step up buyers.

So no I do not classify this listing as a pipecleaner at all.

[SD Realtor]

Actually I don’t think it is as much as a pipecleaner as you think. Digging through the main point of the original poster, Santa Luz has been depreciating bigtime. Our investment group considered buying a Santa Luz property awhile back at trustee sale and we did not and were VERY surprised at what the home went for. We think that that particular buyer will be hosed but you never know. If you really dig into the comps and study them, this is not an outlandish price and would represent about a 2/3 hit to the 1.5 paid for the home a few years ago.

In general I would agree with the premise of the original poster however step up buyers going into a 900k or 1M home is a healthy step up and maybe I would say it is second step up buyers, not first step up buyers.

So no I do not classify this listing as a pipecleaner at all.

[SD Realtor]

Actually I don’t think it is as much as a pipecleaner as you think. Digging through the main point of the original poster, Santa Luz has been depreciating bigtime. Our investment group considered buying a Santa Luz property awhile back at trustee sale and we did not and were VERY surprised at what the home went for. We think that that particular buyer will be hosed but you never know. If you really dig into the comps and study them, this is not an outlandish price and would represent about a 2/3 hit to the 1.5 paid for the home a few years ago.

In general I would agree with the premise of the original poster however step up buyers going into a 900k or 1M home is a healthy step up and maybe I would say it is second step up buyers, not first step up buyers.

So no I do not classify this listing as a pipecleaner at all.

[Author]

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