Substantial Loss for Seller.
Purchased on 01/31/2005 for $395,000
List Price: $350,000 – $395,876
Bedrooms: 3
Full Baths: 2
Partial Baths:0
Square Feet: N/A
Lot Size: N/A
Year Built: 1943
Listing Date: 11/11/06
On Market: 1 day
Type: SFR
Status: ACTIVE
MLS #: 068095212
Description
Seller will entertain offers between $350000-$395,876,realy cute home in very desirable neighborhood,close to la mesa and colleges area,walking distance to schools,restaurant,shoppings,owner is real estate agent,bring a offer ,lox box in the side door east side
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I don’t post everything that I come accross but it looks like properties that appear to be decent deals (in today’s market) are money loosers on resale.
I look askance at any property listing that won’t provide a picture (despite the agent/owner describing it as “really cute.”) Also – what’s up with 4824 71TH ST? Doesn’t he mean 71st St? It doesn’t look good when the street name is misspelled in the listing – I wonder what else the owner is going to get wrong.
SDR – that’s pretty funny. With Photoshop, I guess he could use the expand tool to make the rooms look bigger. And, the perspective tool could straighten out the leaning roof.
Also possible to prune the landscape without hiring a gardener.
Good post PC. About that “cute” remark… the Freakonomics bestseller book reports that words like cute, cozy, charming, etc., are associated with less desirable properties and hence, lower prices. Realtors use those words when they can’t say new construction, pool, ocean view, hardwood flooring, etc., which are associated with more desirable, and more expensive, houses.
The house is on over 1/2 acre in Olivenhain a stones throw from RSF. It has tons of character, beautiful grounds, nice views etc. You will grow old waiting for houses like that to sell anywhere near $500K.
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