Scripps Ranch…What say you…

[Reality]

[quote=sdrealtor]Dont know about SD R but I have sold a few properties there this year and have another short near approval. Demand for entry level detached homes seems very strong up to 600K (both my lisitngs were under 600K). One sold for just over 500K several months back and probably could sell for 525K. The other is in the mid to upper 500’s and getting offers at list has never been a problem. Current buying has been hanging in for several months as its a nice house and fair value in tough price range. Barring any major system shocks, it seem slike a pretty stable market with plenty of demand at current prices for dettached entry level homes.[/quote]

Inventory there has DOUBLED since January.

http://www.sdlookup.com/Market-92131-Scripps_Ranch

[ybitz]

I don’t know much about the condition of this foreclosure, but it sold recently for $450k. Seems like a pretty good price? Maybe an indication that price in old Scripps Ranch has gotten more reasonable.

http://www.sdlookup.com/MLS-100029501-11035_Ironwood_Rd_San_Diego_CA_92131

[ybitz]

I don’t know much about the condition of this foreclosure, but it sold recently for $450k. Seems like a pretty good price? Maybe an indication that price in old Scripps Ranch has gotten more reasonable.

http://www.sdlookup.com/MLS-100029501-11035_Ironwood_Rd_San_Diego_CA_92131

[ybitz]

I don’t know much about the condition of this foreclosure, but it sold recently for $450k. Seems like a pretty good price? Maybe an indication that price in old Scripps Ranch has gotten more reasonable.

http://www.sdlookup.com/MLS-100029501-11035_Ironwood_Rd_San_Diego_CA_92131

[ybitz]

I don’t know much about the condition of this foreclosure, but it sold recently for $450k. Seems like a pretty good price? Maybe an indication that price in old Scripps Ranch has gotten more reasonable.

http://www.sdlookup.com/MLS-100029501-11035_Ironwood_Rd_San_Diego_CA_92131

[ybitz]

I don’t know much about the condition of this foreclosure, but it sold recently for $450k. Seems like a pretty good price? Maybe an indication that price in old Scripps Ranch has gotten more reasonable.

http://www.sdlookup.com/MLS-100029501-11035_Ironwood_Rd_San_Diego_CA_92131

[andymajumder]

I actually did check out that house, needed quite a bit of work (major plumping issues) and was very dated. Also, though I am not an expert on Scripps Ranch, I think thats the least desirable part of SCripps. I am not sure if the house had any structural problem (never bothered since wife din’t like it at all). Still I think its a pretty good deal for that big a SFH in Scripps.

[andymajumder]

I actually did check out that house, needed quite a bit of work (major plumping issues) and was very dated. Also, though I am not an expert on Scripps Ranch, I think thats the least desirable part of SCripps. I am not sure if the house had any structural problem (never bothered since wife din’t like it at all). Still I think its a pretty good deal for that big a SFH in Scripps.

[andymajumder]

I actually did check out that house, needed quite a bit of work (major plumping issues) and was very dated. Also, though I am not an expert on Scripps Ranch, I think thats the least desirable part of SCripps. I am not sure if the house had any structural problem (never bothered since wife din’t like it at all). Still I think its a pretty good deal for that big a SFH in Scripps.

[andymajumder]

I actually did check out that house, needed quite a bit of work (major plumping issues) and was very dated. Also, though I am not an expert on Scripps Ranch, I think thats the least desirable part of SCripps. I am not sure if the house had any structural problem (never bothered since wife din’t like it at all). Still I think its a pretty good deal for that big a SFH in Scripps.

[andymajumder]

I actually did check out that house, needed quite a bit of work (major plumping issues) and was very dated. Also, though I am not an expert on Scripps Ranch, I think thats the least desirable part of SCripps. I am not sure if the house had any structural problem (never bothered since wife din’t like it at all). Still I think its a pretty good deal for that big a SFH in Scripps.

[ocrenter]

[quote=ybitz]I don’t know much about the condition of this foreclosure, but it sold recently for $450k. Seems like a pretty good price? Maybe an indication that price in old Scripps Ranch has gotten more reasonable.

http://www.sdlookup.com/MLS-100029501-11035_Ironwood_Rd_San_Diego_CA_92131%5B/quote%5D

“Home sold “as is” sellers have limited knowledge of condition. Price reflects lack of upgrades, any discovered necessary repairs, etc.”

the price is very good. but the MLS wording already seem to suggest you’ll discover quite a bit of necessary repairs to the point you may want to do a semi tear-down. plus 40 years without a single upgrade, that tell you something about the prior owners.

[ocrenter]

[quote=ybitz]I don’t know much about the condition of this foreclosure, but it sold recently for $450k. Seems like a pretty good price? Maybe an indication that price in old Scripps Ranch has gotten more reasonable.

http://www.sdlookup.com/MLS-100029501-11035_Ironwood_Rd_San_Diego_CA_92131%5B/quote%5D

“Home sold “as is” sellers have limited knowledge of condition. Price reflects lack of upgrades, any discovered necessary repairs, etc.”

the price is very good. but the MLS wording already seem to suggest you’ll discover quite a bit of necessary repairs to the point you may want to do a semi tear-down. plus 40 years without a single upgrade, that tell you something about the prior owners.

[ocrenter]

[quote=ybitz]I don’t know much about the condition of this foreclosure, but it sold recently for $450k. Seems like a pretty good price? Maybe an indication that price in old Scripps Ranch has gotten more reasonable.

http://www.sdlookup.com/MLS-100029501-11035_Ironwood_Rd_San_Diego_CA_92131%5B/quote%5D

“Home sold “as is” sellers have limited knowledge of condition. Price reflects lack of upgrades, any discovered necessary repairs, etc.”

the price is very good. but the MLS wording already seem to suggest you’ll discover quite a bit of necessary repairs to the point you may want to do a semi tear-down. plus 40 years without a single upgrade, that tell you something about the prior owners.

[ocrenter]

[quote=ybitz]I don’t know much about the condition of this foreclosure, but it sold recently for $450k. Seems like a pretty good price? Maybe an indication that price in old Scripps Ranch has gotten more reasonable.

http://www.sdlookup.com/MLS-100029501-11035_Ironwood_Rd_San_Diego_CA_92131%5B/quote%5D

“Home sold “as is” sellers have limited knowledge of condition. Price reflects lack of upgrades, any discovered necessary repairs, etc.”

the price is very good. but the MLS wording already seem to suggest you’ll discover quite a bit of necessary repairs to the point you may want to do a semi tear-down. plus 40 years without a single upgrade, that tell you something about the prior owners.

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