Skyranch in Santee

[Coronita]

[quote=SkyRanchOwner]This is a current listing for a resale of one of the larger, Plan 4, EaglePointe homes located at the top of the mountain:

http://www.sdlookup.com/MLS-100026032-7228_Ocotillo_St_Santee_CA_92071

Let’s watch to see what it closes at. That should give us a good idea for the price point of the homes at the top of the mountain. All the remaining Eaglepointe homes are at lower elevations, and, therefore, the recent pricing is reflective of that.[/quote]

Interestingly, not owner occupied either, unless in general, Santee residence don’t know about the $7000 tax credit for claiming owner occupancy.

And apparently someone on the same street either took a -$223431 bath in reassessment or was able to negotiate prior to sales with lennar…The new assessed value was $695000 from a originally assessed $900k+ price.

(Note to self: prior to purchasing another property, search the tax rolls on the same street…just in case, because you never know)

I think one should just print out this new reassessment and show it to the person trying to sell 7228 on the same street. Good luck with that asking price….Should it really be a surprise it’s been sitting on the market for 108 days and counting?

I don’t know. But I have a hunch this 7728 home is going to end up short sold in the very least.

[bearishgurl]

[quote=flu](Note to self: prior to purchasing another property, search the tax rolls on the same street…just in case, because you never know) . . .[/quote]

slightly OT: flu, this exercise will prove to be useful, ONLY if the block wasn’t built before April 1978.

Those tax bills protected by Prop. 13 are IN NO WAY representative of today’s value.

IMO, tax bills of current *newer* owners who purchased their properties more than ten years ago on pre-April ’78-built streets and more than 15 years ago on post 1991-built streets are ALSO probably not anywhere indicative of today’s value.

Reread the above paragraph, ponder it a little and you’ll understand what I am saying here. In short, the older the street and the more “custom” properties on it, the less price fluctuation in value (up or down), no matter when purchased (unless multiple rehabs are taking place within the same block at the same time).

>60 year-old blocks = generally more custom-built properties than newer blocks.

[bearishgurl]

[quote=flu](Note to self: prior to purchasing another property, search the tax rolls on the same street…just in case, because you never know) . . .[/quote]

slightly OT: flu, this exercise will prove to be useful, ONLY if the block wasn’t built before April 1978.

Those tax bills protected by Prop. 13 are IN NO WAY representative of today’s value.

IMO, tax bills of current *newer* owners who purchased their properties more than ten years ago on pre-April ’78-built streets and more than 15 years ago on post 1991-built streets are ALSO probably not anywhere indicative of today’s value.

Reread the above paragraph, ponder it a little and you’ll understand what I am saying here. In short, the older the street and the more “custom” properties on it, the less price fluctuation in value (up or down), no matter when purchased (unless multiple rehabs are taking place within the same block at the same time).

>60 year-old blocks = generally more custom-built properties than newer blocks.

[bearishgurl]

[quote=flu](Note to self: prior to purchasing another property, search the tax rolls on the same street…just in case, because you never know) . . .[/quote]

slightly OT: flu, this exercise will prove to be useful, ONLY if the block wasn’t built before April 1978.

Those tax bills protected by Prop. 13 are IN NO WAY representative of today’s value.

IMO, tax bills of current *newer* owners who purchased their properties more than ten years ago on pre-April ’78-built streets and more than 15 years ago on post 1991-built streets are ALSO probably not anywhere indicative of today’s value.

Reread the above paragraph, ponder it a little and you’ll understand what I am saying here. In short, the older the street and the more “custom” properties on it, the less price fluctuation in value (up or down), no matter when purchased (unless multiple rehabs are taking place within the same block at the same time).

>60 year-old blocks = generally more custom-built properties than newer blocks.

[bearishgurl]

[quote=flu](Note to self: prior to purchasing another property, search the tax rolls on the same street…just in case, because you never know) . . .[/quote]

slightly OT: flu, this exercise will prove to be useful, ONLY if the block wasn’t built before April 1978.

Those tax bills protected by Prop. 13 are IN NO WAY representative of today’s value.

IMO, tax bills of current *newer* owners who purchased their properties more than ten years ago on pre-April ’78-built streets and more than 15 years ago on post 1991-built streets are ALSO probably not anywhere indicative of today’s value.

Reread the above paragraph, ponder it a little and you’ll understand what I am saying here. In short, the older the street and the more “custom” properties on it, the less price fluctuation in value (up or down), no matter when purchased (unless multiple rehabs are taking place within the same block at the same time).

>60 year-old blocks = generally more custom-built properties than newer blocks.

[bearishgurl]

[quote=flu](Note to self: prior to purchasing another property, search the tax rolls on the same street…just in case, because you never know) . . .[/quote]

slightly OT: flu, this exercise will prove to be useful, ONLY if the block wasn’t built before April 1978.

Those tax bills protected by Prop. 13 are IN NO WAY representative of today’s value.

IMO, tax bills of current *newer* owners who purchased their properties more than ten years ago on pre-April ’78-built streets and more than 15 years ago on post 1991-built streets are ALSO probably not anywhere indicative of today’s value.

Reread the above paragraph, ponder it a little and you’ll understand what I am saying here. In short, the older the street and the more “custom” properties on it, the less price fluctuation in value (up or down), no matter when purchased (unless multiple rehabs are taking place within the same block at the same time).

>60 year-old blocks = generally more custom-built properties than newer blocks.

[Coronita]

[quote=bearishgurl][quote=flu](Note to self: prior to purchasing another property, search the tax rolls on the same street…just in case, because you never know) . . .[/quote]

slightly OT: flu, this exercise will prove to be useful, ONLY if the block wasn’t built before April 1978.

Those tax bills protected by Prop. 13 are IN NO WAY representative of today’s value.

IMO, tax bills of current *newer* owners who purchased their properties more than ten years ago on pre-April ’78-built streets and more than 15 years ago on post 1991-built streets are ALSO probably not anywhere indicative of today’s value.

Reread the above paragraph, ponder it a little and you’ll understand what I am saying here. In short, the older the street and the more “custom” properties on it, the less price fluctuation in value (up or down), no matter when purchased (unless multiple rehabs are taking place within the same block at the same time).

>60 year-old blocks = generally more custom-built properties than newer blocks.[/quote]

Oh, I agree. Except, the ones that I was looking at clearly stated “previous owner: LENNAR HOMES” 🙂

[Coronita]

[quote=bearishgurl][quote=flu](Note to self: prior to purchasing another property, search the tax rolls on the same street…just in case, because you never know) . . .[/quote]

slightly OT: flu, this exercise will prove to be useful, ONLY if the block wasn’t built before April 1978.

Those tax bills protected by Prop. 13 are IN NO WAY representative of today’s value.

IMO, tax bills of current *newer* owners who purchased their properties more than ten years ago on pre-April ’78-built streets and more than 15 years ago on post 1991-built streets are ALSO probably not anywhere indicative of today’s value.

Reread the above paragraph, ponder it a little and you’ll understand what I am saying here. In short, the older the street and the more “custom” properties on it, the less price fluctuation in value (up or down), no matter when purchased (unless multiple rehabs are taking place within the same block at the same time).

>60 year-old blocks = generally more custom-built properties than newer blocks.[/quote]

Oh, I agree. Except, the ones that I was looking at clearly stated “previous owner: LENNAR HOMES” 🙂

[Coronita]

[quote=bearishgurl][quote=flu](Note to self: prior to purchasing another property, search the tax rolls on the same street…just in case, because you never know) . . .[/quote]

slightly OT: flu, this exercise will prove to be useful, ONLY if the block wasn’t built before April 1978.

Those tax bills protected by Prop. 13 are IN NO WAY representative of today’s value.

IMO, tax bills of current *newer* owners who purchased their properties more than ten years ago on pre-April ’78-built streets and more than 15 years ago on post 1991-built streets are ALSO probably not anywhere indicative of today’s value.

Reread the above paragraph, ponder it a little and you’ll understand what I am saying here. In short, the older the street and the more “custom” properties on it, the less price fluctuation in value (up or down), no matter when purchased (unless multiple rehabs are taking place within the same block at the same time).

>60 year-old blocks = generally more custom-built properties than newer blocks.[/quote]

Oh, I agree. Except, the ones that I was looking at clearly stated “previous owner: LENNAR HOMES” 🙂

[Coronita]

[quote=bearishgurl][quote=flu](Note to self: prior to purchasing another property, search the tax rolls on the same street…just in case, because you never know) . . .[/quote]

slightly OT: flu, this exercise will prove to be useful, ONLY if the block wasn’t built before April 1978.

Those tax bills protected by Prop. 13 are IN NO WAY representative of today’s value.

IMO, tax bills of current *newer* owners who purchased their properties more than ten years ago on pre-April ’78-built streets and more than 15 years ago on post 1991-built streets are ALSO probably not anywhere indicative of today’s value.

Reread the above paragraph, ponder it a little and you’ll understand what I am saying here. In short, the older the street and the more “custom” properties on it, the less price fluctuation in value (up or down), no matter when purchased (unless multiple rehabs are taking place within the same block at the same time).

>60 year-old blocks = generally more custom-built properties than newer blocks.[/quote]

Oh, I agree. Except, the ones that I was looking at clearly stated “previous owner: LENNAR HOMES” 🙂

[Coronita]

[quote=bearishgurl][quote=flu](Note to self: prior to purchasing another property, search the tax rolls on the same street…just in case, because you never know) . . .[/quote]

slightly OT: flu, this exercise will prove to be useful, ONLY if the block wasn’t built before April 1978.

Those tax bills protected by Prop. 13 are IN NO WAY representative of today’s value.

IMO, tax bills of current *newer* owners who purchased their properties more than ten years ago on pre-April ’78-built streets and more than 15 years ago on post 1991-built streets are ALSO probably not anywhere indicative of today’s value.

Reread the above paragraph, ponder it a little and you’ll understand what I am saying here. In short, the older the street and the more “custom” properties on it, the less price fluctuation in value (up or down), no matter when purchased (unless multiple rehabs are taking place within the same block at the same time).

>60 year-old blocks = generally more custom-built properties than newer blocks.[/quote]

Oh, I agree. Except, the ones that I was looking at clearly stated “previous owner: LENNAR HOMES” 🙂

[bearishgurl]

[quote=flu]Oh, I agree. Except, the ones that I was looking at clearly stated “previous owner: LENNAR HOMES” :)[/quote]

Clearly, your example then is that of a “uniform `bubble-era’ block,” tract or whatever, differing ONLY by house plan and/or “premium” lot.

Just wasn’t sure whether you thought this principle might apply everywhere :=)

[bearishgurl]

[quote=flu]Oh, I agree. Except, the ones that I was looking at clearly stated “previous owner: LENNAR HOMES” :)[/quote]

Clearly, your example then is that of a “uniform `bubble-era’ block,” tract or whatever, differing ONLY by house plan and/or “premium” lot.

Just wasn’t sure whether you thought this principle might apply everywhere :=)

[bearishgurl]

[quote=flu]Oh, I agree. Except, the ones that I was looking at clearly stated “previous owner: LENNAR HOMES” :)[/quote]

Clearly, your example then is that of a “uniform `bubble-era’ block,” tract or whatever, differing ONLY by house plan and/or “premium” lot.

Just wasn’t sure whether you thought this principle might apply everywhere :=)

[bearishgurl]

[quote=flu]Oh, I agree. Except, the ones that I was looking at clearly stated “previous owner: LENNAR HOMES” :)[/quote]

Clearly, your example then is that of a “uniform `bubble-era’ block,” tract or whatever, differing ONLY by house plan and/or “premium” lot.

Just wasn’t sure whether you thought this principle might apply everywhere :=)

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