Sausalito in Carmel Valley

[sdrealtor]

lepitangel
I wouldnt get so hung up on the square footage. Builders often make mistakes reporting this kind of information to the tax assessor. A plan 1 is a plan 1 and the same size no matter what the builder or seller reports. If anything the discrepancy may be the loft at the top of the steps which I am not sure they all have. The one currently on the market does, so if that is the discrepancy this home would be the larger square footage.

FWIW, I actually listed the low comp about 1 year ago. I listed it at the 1731 sq ftage even though it had the loft and was probably over 1800 sq ft. I wanted it lower to help with the BPO so I could get my short sale approved so I quoted the sq footage from the tax records. It was a pretty messy one to deal with and we were glad to get it done. In hindsight I’m happy I could get the new buyer what now looks like a real good deal.

On the one you are dealing with, my opinion is its not worth much more than 650 to 660K. The problem is looking at the loans in the tax records it appears they owe about $645K. My guess is they are trying to sell it without coming out of pocket by choice or lack thereof so they need about $680K to cover all their selling costs.

[Coronita]

[quote=lepetitangel]Hi Flu and Toto,

The problem with being very close to elementary school is a potential concern. Personally I’m alright with it (avoiding 7:45am~8:15 am is fine) but I’m afraid down the road when I try to sell will it be a problem?
[/quote]

Well, that depends on what you try to resell the home at, because regardless of location there is always someone who would be interested in buying if the price is right 🙂

Imho, having a Torrey Hills Elem nearby, I wouldn’t be so concerned that this would significantly be a drawback, since like I said it’s currently the third seated elementary in the district (Sage, Ocean Air, Torrey Hills)..And plenty of folks in CV that would pay a *reasonable* premium for said school. (Torrey Hills will be the “spill-over” school for all pissed off would be Sage Canyon parents that aren’t going to be lucky enough to send their kids to Sage due to overcrowding…)

As far as the 100sqft discrepancy, I can’t comment but in my own home, there was on option between having a an extra room + 2 car garage or a one less room and a 3 car tandem. It was recorded as a 3 car tandem less one room, but the original owner opted for the extra room and 2 car garage. I don’t believe any of the Sausalito homes came ever came with a 3 car tandem option, and if doing a little digging, plan one had a maximum sqft of 1731 i believe….Anyway, when it’s appraised, it would be measured.

For an asking price of $679k… I don’t know. I guess that’s my polite way of saying I wouldn’t do it. The price isn’t outrageous, but it’s not a steal… Personally, I’d prefer to pay closer to $650k ish for that home. (Ironically put you at at the -$35k mark)…But then again, that is arbitrary and I don’t think you can find many SFH in this price range to begin with, so the PPSF for these smaller homes are going to higher than others. If the seller would sell at $650k, it would probably find buyers (and I know which one you’re talking about :))

Carriage run, is still too expensive imho.

[Coronita]

[quote=lepetitangel]Hi Flu and Toto,

The problem with being very close to elementary school is a potential concern. Personally I’m alright with it (avoiding 7:45am~8:15 am is fine) but I’m afraid down the road when I try to sell will it be a problem?
[/quote]

Well, that depends on what you try to resell the home at, because regardless of location there is always someone who would be interested in buying if the price is right 🙂

Imho, having a Torrey Hills Elem nearby, I wouldn’t be so concerned that this would significantly be a drawback, since like I said it’s currently the third seated elementary in the district (Sage, Ocean Air, Torrey Hills)..And plenty of folks in CV that would pay a *reasonable* premium for said school. (Torrey Hills will be the “spill-over” school for all pissed off would be Sage Canyon parents that aren’t going to be lucky enough to send their kids to Sage due to overcrowding…)

As far as the 100sqft discrepancy, I can’t comment but in my own home, there was on option between having a an extra room + 2 car garage or a one less room and a 3 car tandem. It was recorded as a 3 car tandem less one room, but the original owner opted for the extra room and 2 car garage. I don’t believe any of the Sausalito homes came ever came with a 3 car tandem option, and if doing a little digging, plan one had a maximum sqft of 1731 i believe….Anyway, when it’s appraised, it would be measured.

For an asking price of $679k… I don’t know. I guess that’s my polite way of saying I wouldn’t do it. The price isn’t outrageous, but it’s not a steal… Personally, I’d prefer to pay closer to $650k ish for that home. (Ironically put you at at the -$35k mark)…But then again, that is arbitrary and I don’t think you can find many SFH in this price range to begin with, so the PPSF for these smaller homes are going to higher than others. If the seller would sell at $650k, it would probably find buyers (and I know which one you’re talking about :))

Carriage run, is still too expensive imho.

[Coronita]

[quote=lepetitangel]Hi Flu and Toto,

The problem with being very close to elementary school is a potential concern. Personally I’m alright with it (avoiding 7:45am~8:15 am is fine) but I’m afraid down the road when I try to sell will it be a problem?
[/quote]

Well, that depends on what you try to resell the home at, because regardless of location there is always someone who would be interested in buying if the price is right 🙂

Imho, having a Torrey Hills Elem nearby, I wouldn’t be so concerned that this would significantly be a drawback, since like I said it’s currently the third seated elementary in the district (Sage, Ocean Air, Torrey Hills)..And plenty of folks in CV that would pay a *reasonable* premium for said school. (Torrey Hills will be the “spill-over” school for all pissed off would be Sage Canyon parents that aren’t going to be lucky enough to send their kids to Sage due to overcrowding…)

As far as the 100sqft discrepancy, I can’t comment but in my own home, there was on option between having a an extra room + 2 car garage or a one less room and a 3 car tandem. It was recorded as a 3 car tandem less one room, but the original owner opted for the extra room and 2 car garage. I don’t believe any of the Sausalito homes came ever came with a 3 car tandem option, and if doing a little digging, plan one had a maximum sqft of 1731 i believe….Anyway, when it’s appraised, it would be measured.

For an asking price of $679k… I don’t know. I guess that’s my polite way of saying I wouldn’t do it. The price isn’t outrageous, but it’s not a steal… Personally, I’d prefer to pay closer to $650k ish for that home. (Ironically put you at at the -$35k mark)…But then again, that is arbitrary and I don’t think you can find many SFH in this price range to begin with, so the PPSF for these smaller homes are going to higher than others. If the seller would sell at $650k, it would probably find buyers (and I know which one you’re talking about :))

Carriage run, is still too expensive imho.

[Coronita]

[quote=lepetitangel]Hi Flu and Toto,

The problem with being very close to elementary school is a potential concern. Personally I’m alright with it (avoiding 7:45am~8:15 am is fine) but I’m afraid down the road when I try to sell will it be a problem?
[/quote]

Well, that depends on what you try to resell the home at, because regardless of location there is always someone who would be interested in buying if the price is right 🙂

Imho, having a Torrey Hills Elem nearby, I wouldn’t be so concerned that this would significantly be a drawback, since like I said it’s currently the third seated elementary in the district (Sage, Ocean Air, Torrey Hills)..And plenty of folks in CV that would pay a *reasonable* premium for said school. (Torrey Hills will be the “spill-over” school for all pissed off would be Sage Canyon parents that aren’t going to be lucky enough to send their kids to Sage due to overcrowding…)

As far as the 100sqft discrepancy, I can’t comment but in my own home, there was on option between having a an extra room + 2 car garage or a one less room and a 3 car tandem. It was recorded as a 3 car tandem less one room, but the original owner opted for the extra room and 2 car garage. I don’t believe any of the Sausalito homes came ever came with a 3 car tandem option, and if doing a little digging, plan one had a maximum sqft of 1731 i believe….Anyway, when it’s appraised, it would be measured.

For an asking price of $679k… I don’t know. I guess that’s my polite way of saying I wouldn’t do it. The price isn’t outrageous, but it’s not a steal… Personally, I’d prefer to pay closer to $650k ish for that home. (Ironically put you at at the -$35k mark)…But then again, that is arbitrary and I don’t think you can find many SFH in this price range to begin with, so the PPSF for these smaller homes are going to higher than others. If the seller would sell at $650k, it would probably find buyers (and I know which one you’re talking about :))

Carriage run, is still too expensive imho.

[Coronita]

[quote=lepetitangel]Hi Flu and Toto,

The problem with being very close to elementary school is a potential concern. Personally I’m alright with it (avoiding 7:45am~8:15 am is fine) but I’m afraid down the road when I try to sell will it be a problem?
[/quote]

Well, that depends on what you try to resell the home at, because regardless of location there is always someone who would be interested in buying if the price is right 🙂

Imho, having a Torrey Hills Elem nearby, I wouldn’t be so concerned that this would significantly be a drawback, since like I said it’s currently the third seated elementary in the district (Sage, Ocean Air, Torrey Hills)..And plenty of folks in CV that would pay a *reasonable* premium for said school. (Torrey Hills will be the “spill-over” school for all pissed off would be Sage Canyon parents that aren’t going to be lucky enough to send their kids to Sage due to overcrowding…)

As far as the 100sqft discrepancy, I can’t comment but in my own home, there was on option between having a an extra room + 2 car garage or a one less room and a 3 car tandem. It was recorded as a 3 car tandem less one room, but the original owner opted for the extra room and 2 car garage. I don’t believe any of the Sausalito homes came ever came with a 3 car tandem option, and if doing a little digging, plan one had a maximum sqft of 1731 i believe….Anyway, when it’s appraised, it would be measured.

For an asking price of $679k… I don’t know. I guess that’s my polite way of saying I wouldn’t do it. The price isn’t outrageous, but it’s not a steal… Personally, I’d prefer to pay closer to $650k ish for that home. (Ironically put you at at the -$35k mark)…But then again, that is arbitrary and I don’t think you can find many SFH in this price range to begin with, so the PPSF for these smaller homes are going to higher than others. If the seller would sell at $650k, it would probably find buyers (and I know which one you’re talking about :))

Carriage run, is still too expensive imho.

[Coronita]

[quote=sdrealtor]lepitangel
I wouldnt get so hung up on the square footage. Builders often make mistakes reporting this kind of information to the tax assessor. A plan 1 is a plan 1 and the same size no matter what the builder or seller reports. If anything the discrepancy may be the loft at the top of the steps which I am not sure they all have. The one currently on the market does, so if that is the discrepancy this home would be the larger square footage.

FWIW, I actually listed the low comp about 1 year ago. I listed it at the 1731 sq ftage even though it had the loft and was probably over 1800 sq ft. I wanted it lower to help with the BPO so I could get my short sale approved so I quoted the sq footage from the tax records. It was a pretty messy one to deal with and we were glad to get it done. In hindsight I’m happy I could get the new buyer what now looks like a real good deal.

On the one you are dealing with, my opinion is its not worth much more than 650 to 660K. The problem is looking at the loans in the tax records it appears they owe about $645K. My guess is they are trying to sell it without coming out of pocket by choice or lack thereof so they need about $680K to cover all their selling costs.[/quote]

Wow, my gut guessimate was inline with yours? I was afraid you or the other SDR would come back and tell me I’m smoking crack thinking this worth only $650kish… Anyway, I defer to the pros as such….

[Coronita]

[quote=sdrealtor]lepitangel
I wouldnt get so hung up on the square footage. Builders often make mistakes reporting this kind of information to the tax assessor. A plan 1 is a plan 1 and the same size no matter what the builder or seller reports. If anything the discrepancy may be the loft at the top of the steps which I am not sure they all have. The one currently on the market does, so if that is the discrepancy this home would be the larger square footage.

FWIW, I actually listed the low comp about 1 year ago. I listed it at the 1731 sq ftage even though it had the loft and was probably over 1800 sq ft. I wanted it lower to help with the BPO so I could get my short sale approved so I quoted the sq footage from the tax records. It was a pretty messy one to deal with and we were glad to get it done. In hindsight I’m happy I could get the new buyer what now looks like a real good deal.

On the one you are dealing with, my opinion is its not worth much more than 650 to 660K. The problem is looking at the loans in the tax records it appears they owe about $645K. My guess is they are trying to sell it without coming out of pocket by choice or lack thereof so they need about $680K to cover all their selling costs.[/quote]

Wow, my gut guessimate was inline with yours? I was afraid you or the other SDR would come back and tell me I’m smoking crack thinking this worth only $650kish… Anyway, I defer to the pros as such….

[Coronita]

[quote=sdrealtor]lepitangel
I wouldnt get so hung up on the square footage. Builders often make mistakes reporting this kind of information to the tax assessor. A plan 1 is a plan 1 and the same size no matter what the builder or seller reports. If anything the discrepancy may be the loft at the top of the steps which I am not sure they all have. The one currently on the market does, so if that is the discrepancy this home would be the larger square footage.

FWIW, I actually listed the low comp about 1 year ago. I listed it at the 1731 sq ftage even though it had the loft and was probably over 1800 sq ft. I wanted it lower to help with the BPO so I could get my short sale approved so I quoted the sq footage from the tax records. It was a pretty messy one to deal with and we were glad to get it done. In hindsight I’m happy I could get the new buyer what now looks like a real good deal.

On the one you are dealing with, my opinion is its not worth much more than 650 to 660K. The problem is looking at the loans in the tax records it appears they owe about $645K. My guess is they are trying to sell it without coming out of pocket by choice or lack thereof so they need about $680K to cover all their selling costs.[/quote]

Wow, my gut guessimate was inline with yours? I was afraid you or the other SDR would come back and tell me I’m smoking crack thinking this worth only $650kish… Anyway, I defer to the pros as such….

[Coronita]

[quote=sdrealtor]lepitangel
I wouldnt get so hung up on the square footage. Builders often make mistakes reporting this kind of information to the tax assessor. A plan 1 is a plan 1 and the same size no matter what the builder or seller reports. If anything the discrepancy may be the loft at the top of the steps which I am not sure they all have. The one currently on the market does, so if that is the discrepancy this home would be the larger square footage.

FWIW, I actually listed the low comp about 1 year ago. I listed it at the 1731 sq ftage even though it had the loft and was probably over 1800 sq ft. I wanted it lower to help with the BPO so I could get my short sale approved so I quoted the sq footage from the tax records. It was a pretty messy one to deal with and we were glad to get it done. In hindsight I’m happy I could get the new buyer what now looks like a real good deal.

On the one you are dealing with, my opinion is its not worth much more than 650 to 660K. The problem is looking at the loans in the tax records it appears they owe about $645K. My guess is they are trying to sell it without coming out of pocket by choice or lack thereof so they need about $680K to cover all their selling costs.[/quote]

Wow, my gut guessimate was inline with yours? I was afraid you or the other SDR would come back and tell me I’m smoking crack thinking this worth only $650kish… Anyway, I defer to the pros as such….

[Coronita]

[quote=sdrealtor]lepitangel
I wouldnt get so hung up on the square footage. Builders often make mistakes reporting this kind of information to the tax assessor. A plan 1 is a plan 1 and the same size no matter what the builder or seller reports. If anything the discrepancy may be the loft at the top of the steps which I am not sure they all have. The one currently on the market does, so if that is the discrepancy this home would be the larger square footage.

FWIW, I actually listed the low comp about 1 year ago. I listed it at the 1731 sq ftage even though it had the loft and was probably over 1800 sq ft. I wanted it lower to help with the BPO so I could get my short sale approved so I quoted the sq footage from the tax records. It was a pretty messy one to deal with and we were glad to get it done. In hindsight I’m happy I could get the new buyer what now looks like a real good deal.

On the one you are dealing with, my opinion is its not worth much more than 650 to 660K. The problem is looking at the loans in the tax records it appears they owe about $645K. My guess is they are trying to sell it without coming out of pocket by choice or lack thereof so they need about $680K to cover all their selling costs.[/quote]

Wow, my gut guessimate was inline with yours? I was afraid you or the other SDR would come back and tell me I’m smoking crack thinking this worth only $650kish… Anyway, I defer to the pros as such….

[sdrealtor]

Personally I dont even think 650K but the comps could justify that.

[sdrealtor]

Personally I dont even think 650K but the comps could justify that.

[sdrealtor]

Personally I dont even think 650K but the comps could justify that.

[sdrealtor]

Personally I dont even think 650K but the comps could justify that.

[Author]

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