Scripps Ranch…What say you…

[CA renter]

[quote=sdrealtor]Scarlett
9% fixed rates would have an impact I just dont beleive we will see them anytime soon. The other factor is when 30 year rates rise above a certain level (roughly 8%) buyer switch to adjustable products for purchases and skip the 30 yr fixed rates which mitigates some of the impact of higher rates.[/quote]

The reason ARMs were pushed during the bubble was because of the low rates. The lenders were shifting the rate risk (of rising rates) from themselves to the borrowers. In a high-rate environment, you’ll be hard pressed to find a lender who wants to give you an ARM, and it will probably cost a pretty penny to get one, IMHO.

[sdrealtor]

My comment was based upon experience. It is what I and others did back in the late 90’s when rates were higher on 30 year loans. We took out 5/1, 7/1 and 10/1 ARM’s at rates lower than the 30 yr fixed rates. If i wasnt clear on the type of ARM, my mistake but I stand by the rest.

[sdrealtor]

My comment was based upon experience. It is what I and others did back in the late 90’s when rates were higher on 30 year loans. We took out 5/1, 7/1 and 10/1 ARM’s at rates lower than the 30 yr fixed rates. If i wasnt clear on the type of ARM, my mistake but I stand by the rest.

[sdrealtor]

My comment was based upon experience. It is what I and others did back in the late 90’s when rates were higher on 30 year loans. We took out 5/1, 7/1 and 10/1 ARM’s at rates lower than the 30 yr fixed rates. If i wasnt clear on the type of ARM, my mistake but I stand by the rest.

[sdrealtor]

My comment was based upon experience. It is what I and others did back in the late 90’s when rates were higher on 30 year loans. We took out 5/1, 7/1 and 10/1 ARM’s at rates lower than the 30 yr fixed rates. If i wasnt clear on the type of ARM, my mistake but I stand by the rest.

[sdrealtor]

My comment was based upon experience. It is what I and others did back in the late 90’s when rates were higher on 30 year loans. We took out 5/1, 7/1 and 10/1 ARM’s at rates lower than the 30 yr fixed rates. If i wasnt clear on the type of ARM, my mistake but I stand by the rest.

[ybitz]

[quote=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.[/quote]

Looks like the place was flipped and just came back on the market for $150k-170k more.
http://www.sdlookup.com/MLS-100054846-11035_Ironwood_Rd_San_Diego_CA_92131

Can anyone familiar with this area of Old Scripps Ranch comment on the neighborhood?

[ybitz]

[quote=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.[/quote]

Looks like the place was flipped and just came back on the market for $150k-170k more.
http://www.sdlookup.com/MLS-100054846-11035_Ironwood_Rd_San_Diego_CA_92131

Can anyone familiar with this area of Old Scripps Ranch comment on the neighborhood?

[ybitz]

[quote=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.[/quote]

Looks like the place was flipped and just came back on the market for $150k-170k more.
http://www.sdlookup.com/MLS-100054846-11035_Ironwood_Rd_San_Diego_CA_92131

Can anyone familiar with this area of Old Scripps Ranch comment on the neighborhood?

[ybitz]

[quote=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.[/quote]

Looks like the place was flipped and just came back on the market for $150k-170k more.
http://www.sdlookup.com/MLS-100054846-11035_Ironwood_Rd_San_Diego_CA_92131

Can anyone familiar with this area of Old Scripps Ranch comment on the neighborhood?

[ybitz]

[quote=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.[/quote]

Looks like the place was flipped and just came back on the market for $150k-170k more.
http://www.sdlookup.com/MLS-100054846-11035_Ironwood_Rd_San_Diego_CA_92131

Can anyone familiar with this area of Old Scripps Ranch comment on the neighborhood?

[DataAgent]

“Can anyone familiar with this area of Old Scripps Ranch comment on the neighborhood?”

We looked at homes in that area of Scripps Ranch several years ago. It’s an older area. The homes were built in the 60s and 70s. Nice mature neighborhood without a lot of home sales. There’s a small shopping center within walking distance.

South of Pomerado is much nicer. The homes & lots are much bigger with higher prices to match.

[DataAgent]

“Can anyone familiar with this area of Old Scripps Ranch comment on the neighborhood?”

We looked at homes in that area of Scripps Ranch several years ago. It’s an older area. The homes were built in the 60s and 70s. Nice mature neighborhood without a lot of home sales. There’s a small shopping center within walking distance.

South of Pomerado is much nicer. The homes & lots are much bigger with higher prices to match.

[DataAgent]

“Can anyone familiar with this area of Old Scripps Ranch comment on the neighborhood?”

We looked at homes in that area of Scripps Ranch several years ago. It’s an older area. The homes were built in the 60s and 70s. Nice mature neighborhood without a lot of home sales. There’s a small shopping center within walking distance.

South of Pomerado is much nicer. The homes & lots are much bigger with higher prices to match.

[DataAgent]

“Can anyone familiar with this area of Old Scripps Ranch comment on the neighborhood?”

We looked at homes in that area of Scripps Ranch several years ago. It’s an older area. The homes were built in the 60s and 70s. Nice mature neighborhood without a lot of home sales. There’s a small shopping center within walking distance.

South of Pomerado is much nicer. The homes & lots are much bigger with higher prices to match.

[Author]

Posts