Thoughts on this neighborhood

[SD Realtor]

Cabal we actually discussed this very neighborhood but it was back in 2008. I had a client who put an offer down on the home at 6473 Mesa Norte. That is the one with the super long driveway. My client ended up getting outbid by about 25k. That home went for 1.775 and is 1200 sf larger then 6508. Now 6508 is a bit further down the cul de sac then 6532 which is contingent at 1.695…

As for the neighborhood? Well yeah I think I could put up with it… Seriously though, yes nice neighborhood. I have not been out there since the Mesa Norte offer back in 08 and honestly I don’t recall if there was 56 noise up the canyon. On that side of Mesa Norte there would be less then the other side.

Really though they are nice places. I do think they will still depreciate because they are predominantly new money and that is the riskiest type.

[SD Realtor]

Cabal, the same thing is true for Del Vino as my last post… OCR I am not sure if it will be a better play after foreclosure. At the auction yes I would agree with you. I can see an opening bid maybe at 1.3 or so but once if goes back to the bene I bet it comes on the market at 1.6 or so and it wouldn’t surprise me if it goes. The Mesa Norte home went fast in 08 and although it was bigger, it wasn’t in the best of shape and the outlook was more dour at that time. Hard to say but I guess we will see.

[SD Realtor]

Cabal, the same thing is true for Del Vino as my last post… OCR I am not sure if it will be a better play after foreclosure. At the auction yes I would agree with you. I can see an opening bid maybe at 1.3 or so but once if goes back to the bene I bet it comes on the market at 1.6 or so and it wouldn’t surprise me if it goes. The Mesa Norte home went fast in 08 and although it was bigger, it wasn’t in the best of shape and the outlook was more dour at that time. Hard to say but I guess we will see.

[SD Realtor]

Cabal, the same thing is true for Del Vino as my last post… OCR I am not sure if it will be a better play after foreclosure. At the auction yes I would agree with you. I can see an opening bid maybe at 1.3 or so but once if goes back to the bene I bet it comes on the market at 1.6 or so and it wouldn’t surprise me if it goes. The Mesa Norte home went fast in 08 and although it was bigger, it wasn’t in the best of shape and the outlook was more dour at that time. Hard to say but I guess we will see.

[SD Realtor]

Cabal, the same thing is true for Del Vino as my last post… OCR I am not sure if it will be a better play after foreclosure. At the auction yes I would agree with you. I can see an opening bid maybe at 1.3 or so but once if goes back to the bene I bet it comes on the market at 1.6 or so and it wouldn’t surprise me if it goes. The Mesa Norte home went fast in 08 and although it was bigger, it wasn’t in the best of shape and the outlook was more dour at that time. Hard to say but I guess we will see.

[SD Realtor]

Cabal, the same thing is true for Del Vino as my last post… OCR I am not sure if it will be a better play after foreclosure. At the auction yes I would agree with you. I can see an opening bid maybe at 1.3 or so but once if goes back to the bene I bet it comes on the market at 1.6 or so and it wouldn’t surprise me if it goes. The Mesa Norte home went fast in 08 and although it was bigger, it wasn’t in the best of shape and the outlook was more dour at that time. Hard to say but I guess we will see.

[Anonymous]

Hi there. I am new to to this forum – it is nice to be amongst Real Estate Professionals. With the discussion of different tracts, I would like to mention http://www.socalfloorplans.com. Not only does it provide the floor plans for thousands of tracts in SD, but the tract brochures and other data sources as well. Could be helpful.

[Anonymous]

Hi there. I am new to to this forum – it is nice to be amongst Real Estate Professionals. With the discussion of different tracts, I would like to mention http://www.socalfloorplans.com. Not only does it provide the floor plans for thousands of tracts in SD, but the tract brochures and other data sources as well. Could be helpful.

[Anonymous]

Hi there. I am new to to this forum – it is nice to be amongst Real Estate Professionals. With the discussion of different tracts, I would like to mention http://www.socalfloorplans.com. Not only does it provide the floor plans for thousands of tracts in SD, but the tract brochures and other data sources as well. Could be helpful.

[Anonymous]

Hi there. I am new to to this forum – it is nice to be amongst Real Estate Professionals. With the discussion of different tracts, I would like to mention http://www.socalfloorplans.com. Not only does it provide the floor plans for thousands of tracts in SD, but the tract brochures and other data sources as well. Could be helpful.

[Anonymous]

Hi there. I am new to to this forum – it is nice to be amongst Real Estate Professionals. With the discussion of different tracts, I would like to mention http://www.socalfloorplans.com. Not only does it provide the floor plans for thousands of tracts in SD, but the tract brochures and other data sources as well. Could be helpful.

[cabal]

SD R – I don’t know if you agree, but my current belief is that the lowest price home you’ll ever see in the Bougainvillea tract is 1.5M-1.6M via foreclosure. New in 2003, they started at about 1.3M. Some people I’ve talk to are more pessimistic thinking prices may drop below 1.4M due to lack of demand/buyers. I have a hard time envisioning these homes that cheap. It would wipe out the tracts down the hill like Lexington to under 1M!

Regarding freeway noise, you can literally stand on the edge of the bluff directly facing 56 and the noise is almost non discernible. Wind is also normal, unlike the most westerly, elevated CV tracts facing 5.

[cabal]

SD R – I don’t know if you agree, but my current belief is that the lowest price home you’ll ever see in the Bougainvillea tract is 1.5M-1.6M via foreclosure. New in 2003, they started at about 1.3M. Some people I’ve talk to are more pessimistic thinking prices may drop below 1.4M due to lack of demand/buyers. I have a hard time envisioning these homes that cheap. It would wipe out the tracts down the hill like Lexington to under 1M!

Regarding freeway noise, you can literally stand on the edge of the bluff directly facing 56 and the noise is almost non discernible. Wind is also normal, unlike the most westerly, elevated CV tracts facing 5.

[cabal]

SD R – I don’t know if you agree, but my current belief is that the lowest price home you’ll ever see in the Bougainvillea tract is 1.5M-1.6M via foreclosure. New in 2003, they started at about 1.3M. Some people I’ve talk to are more pessimistic thinking prices may drop below 1.4M due to lack of demand/buyers. I have a hard time envisioning these homes that cheap. It would wipe out the tracts down the hill like Lexington to under 1M!

Regarding freeway noise, you can literally stand on the edge of the bluff directly facing 56 and the noise is almost non discernible. Wind is also normal, unlike the most westerly, elevated CV tracts facing 5.

[cabal]

SD R – I don’t know if you agree, but my current belief is that the lowest price home you’ll ever see in the Bougainvillea tract is 1.5M-1.6M via foreclosure. New in 2003, they started at about 1.3M. Some people I’ve talk to are more pessimistic thinking prices may drop below 1.4M due to lack of demand/buyers. I have a hard time envisioning these homes that cheap. It would wipe out the tracts down the hill like Lexington to under 1M!

Regarding freeway noise, you can literally stand on the edge of the bluff directly facing 56 and the noise is almost non discernible. Wind is also normal, unlike the most westerly, elevated CV tracts facing 5.

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