The Mighty Carmel Valley. Cracks showing

[Raybyrnes]

Bsarma Got this from Trulia.com
Don’t have exact address. Just have Landfair Court San diego CA 02130. Realators on the board might have the specifics on this.

[Coronita]

I would question what RealtyTrac has. I haven’t found it to the be most reliable source of info. Not claiming this isn’t possible, it just seems a little unusual.

$400k for a 3/2 detached would be LESS THAN any attached 3/2 right now. That thing would sell like a hotcake

If i were to guess, I think RealtyTrac’s got it’s wires crossed. I’m guess that someone defaulted on a $400k loan. Doesn’t mean the property is selling for $400k. But when R.T. quoted price per sqft, they problem used the outstanding loan balance/sqft instead of the current sale price…Just checking current MLS and property tax records, 1 person defaulted on that street, adn that home is no where near $400k.

[Coronita]

I would question what RealtyTrac has. I haven’t found it to the be most reliable source of info. Not claiming this isn’t possible, it just seems a little unusual.

$400k for a 3/2 detached would be LESS THAN any attached 3/2 right now. That thing would sell like a hotcake

If i were to guess, I think RealtyTrac’s got it’s wires crossed. I’m guess that someone defaulted on a $400k loan. Doesn’t mean the property is selling for $400k. But when R.T. quoted price per sqft, they problem used the outstanding loan balance/sqft instead of the current sale price…Just checking current MLS and property tax records, 1 person defaulted on that street, adn that home is no where near $400k.

[Coronita]

I would question what RealtyTrac has. I haven’t found it to the be most reliable source of info. Not claiming this isn’t possible, it just seems a little unusual.

$400k for a 3/2 detached would be LESS THAN any attached 3/2 right now. That thing would sell like a hotcake

If i were to guess, I think RealtyTrac’s got it’s wires crossed. I’m guess that someone defaulted on a $400k loan. Doesn’t mean the property is selling for $400k. But when R.T. quoted price per sqft, they problem used the outstanding loan balance/sqft instead of the current sale price…Just checking current MLS and property tax records, 1 person defaulted on that street, adn that home is no where near $400k.

[Coronita]

I would question what RealtyTrac has. I haven’t found it to the be most reliable source of info. Not claiming this isn’t possible, it just seems a little unusual.

$400k for a 3/2 detached would be LESS THAN any attached 3/2 right now. That thing would sell like a hotcake

If i were to guess, I think RealtyTrac’s got it’s wires crossed. I’m guess that someone defaulted on a $400k loan. Doesn’t mean the property is selling for $400k. But when R.T. quoted price per sqft, they problem used the outstanding loan balance/sqft instead of the current sale price…Just checking current MLS and property tax records, 1 person defaulted on that street, adn that home is no where near $400k.

[Coronita]

I would question what RealtyTrac has. I haven’t found it to the be most reliable source of info. Not claiming this isn’t possible, it just seems a little unusual.

$400k for a 3/2 detached would be LESS THAN any attached 3/2 right now. That thing would sell like a hotcake

If i were to guess, I think RealtyTrac’s got it’s wires crossed. I’m guess that someone defaulted on a $400k loan. Doesn’t mean the property is selling for $400k. But when R.T. quoted price per sqft, they problem used the outstanding loan balance/sqft instead of the current sale price…Just checking current MLS and property tax records, 1 person defaulted on that street, adn that home is no where near $400k.

[bsrsharma]

That thing would sell like a hotcake.

FLU, don’t underestimate the difficulty of getting mortgages now. From what I am reading, the only ones who are being offered credit are the ones who don’t need it! If you are less than golden in any way, forget it. Obviously, there aren’t too many such buyers now wanting to buy a home.

Checking on http://www.zillow.com/HomeDetails.htm?zprop=16769249

Shows the home is likely 3676 Landfair Ct. Sold in 1988 for $275K. If they are being foreclosed for under $400K, they are obviously being hung by the HELOC noose. Zillow prices it as $800K. I wouldn’t be shocked if it did not attract buyers at $400K due to mortgage crisis. (This is how RE market will look like when Fannie & Freddie fail)

[bsrsharma]

That thing would sell like a hotcake.

FLU, don’t underestimate the difficulty of getting mortgages now. From what I am reading, the only ones who are being offered credit are the ones who don’t need it! If you are less than golden in any way, forget it. Obviously, there aren’t too many such buyers now wanting to buy a home.

Checking on http://www.zillow.com/HomeDetails.htm?zprop=16769249

Shows the home is likely 3676 Landfair Ct. Sold in 1988 for $275K. If they are being foreclosed for under $400K, they are obviously being hung by the HELOC noose. Zillow prices it as $800K. I wouldn’t be shocked if it did not attract buyers at $400K due to mortgage crisis. (This is how RE market will look like when Fannie & Freddie fail)

[bsrsharma]

That thing would sell like a hotcake.

FLU, don’t underestimate the difficulty of getting mortgages now. From what I am reading, the only ones who are being offered credit are the ones who don’t need it! If you are less than golden in any way, forget it. Obviously, there aren’t too many such buyers now wanting to buy a home.

Checking on http://www.zillow.com/HomeDetails.htm?zprop=16769249

Shows the home is likely 3676 Landfair Ct. Sold in 1988 for $275K. If they are being foreclosed for under $400K, they are obviously being hung by the HELOC noose. Zillow prices it as $800K. I wouldn’t be shocked if it did not attract buyers at $400K due to mortgage crisis. (This is how RE market will look like when Fannie & Freddie fail)

[bsrsharma]

That thing would sell like a hotcake.

FLU, don’t underestimate the difficulty of getting mortgages now. From what I am reading, the only ones who are being offered credit are the ones who don’t need it! If you are less than golden in any way, forget it. Obviously, there aren’t too many such buyers now wanting to buy a home.

Checking on http://www.zillow.com/HomeDetails.htm?zprop=16769249

Shows the home is likely 3676 Landfair Ct. Sold in 1988 for $275K. If they are being foreclosed for under $400K, they are obviously being hung by the HELOC noose. Zillow prices it as $800K. I wouldn’t be shocked if it did not attract buyers at $400K due to mortgage crisis. (This is how RE market will look like when Fannie & Freddie fail)

[bsrsharma]

That thing would sell like a hotcake.

FLU, don’t underestimate the difficulty of getting mortgages now. From what I am reading, the only ones who are being offered credit are the ones who don’t need it! If you are less than golden in any way, forget it. Obviously, there aren’t too many such buyers now wanting to buy a home.

Checking on http://www.zillow.com/HomeDetails.htm?zprop=16769249

Shows the home is likely 3676 Landfair Ct. Sold in 1988 for $275K. If they are being foreclosed for under $400K, they are obviously being hung by the HELOC noose. Zillow prices it as $800K. I wouldn’t be shocked if it did not attract buyers at $400K due to mortgage crisis. (This is how RE market will look like when Fannie & Freddie fail)

[Coronita]

Show me a 3/2 2100sqft SFH in carmel valley that is livable (not a torn down shack or gutted) around $400k, and I’ll show you several couples that could snatch it up with a loan, even as an investment home, whom in theory could pay cash for it. I thought several posted about how rent here for something like 2100 sqft is close to $3k/month. At $400k price, I think this would float pretty positively, wouldn’t it?

Most 2/2 attached condos don’t even sell for that price in CV right now. And yes, there are some 2/2’s attached moving right now around that price (I don’t know why personally)

Yes, loans are difficult to get now probably, but not *that* difficult (yet).

[Coronita]

Show me a 3/2 2100sqft SFH in carmel valley that is livable (not a torn down shack or gutted) around $400k, and I’ll show you several couples that could snatch it up with a loan, even as an investment home, whom in theory could pay cash for it. I thought several posted about how rent here for something like 2100 sqft is close to $3k/month. At $400k price, I think this would float pretty positively, wouldn’t it?

Most 2/2 attached condos don’t even sell for that price in CV right now. And yes, there are some 2/2’s attached moving right now around that price (I don’t know why personally)

Yes, loans are difficult to get now probably, but not *that* difficult (yet).

[Coronita]

Show me a 3/2 2100sqft SFH in carmel valley that is livable (not a torn down shack or gutted) around $400k, and I’ll show you several couples that could snatch it up with a loan, even as an investment home, whom in theory could pay cash for it. I thought several posted about how rent here for something like 2100 sqft is close to $3k/month. At $400k price, I think this would float pretty positively, wouldn’t it?

Most 2/2 attached condos don’t even sell for that price in CV right now. And yes, there are some 2/2’s attached moving right now around that price (I don’t know why personally)

Yes, loans are difficult to get now probably, but not *that* difficult (yet).

[Coronita]

Show me a 3/2 2100sqft SFH in carmel valley that is livable (not a torn down shack or gutted) around $400k, and I’ll show you several couples that could snatch it up with a loan, even as an investment home, whom in theory could pay cash for it. I thought several posted about how rent here for something like 2100 sqft is close to $3k/month. At $400k price, I think this would float pretty positively, wouldn’t it?

Most 2/2 attached condos don’t even sell for that price in CV right now. And yes, there are some 2/2’s attached moving right now around that price (I don’t know why personally)

Yes, loans are difficult to get now probably, but not *that* difficult (yet).

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