Substantial Loss in College Area

[PerryChase]

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.

ZipRealty Details

Prior Resale Details

[Critter]

Good info, PC.

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.

[sdrealtor]

It was just listed 1 day ago. give him a day to finish the Photoshop work on the pictures to make the house look habitable.

[equalizer]

This is all you need to know

“Owner is real estate agent. Bring all offers.”

[Critter]

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.

[sdrealtor]

How about that ocean view;)

[Diego Mamani]

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.

[sdrealtor]

Check out MLS# 061040555. I’d say that house is cute, cozy and charming.

[sdrealtor]

duplicate

[PerryChase]

sdrealtor, that house is cute but not $1.2 million cute — more like 500k. The decoration is too grandmotherly in my view.

[sdrealtor]

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.

[Author]

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