Upper MId to Lower High End Market in NCC

[pemeliza]

460 parkwood closed for 665k in 2002

Sep 26, 2002 Sold (Public Records) $665,000

Given the condition of the house at 440 parkwood, I am guessing that 627k is a 2002 price which is unusual for west of the I-5 in that price range.

[sdrealtor]

It wasa great deal and there might be one or two opportunities like that a year with many more chasers. It was owned with very little debt and the selelr listed with an out of area agent. It was tenant occupied and difficult to show with appointment only. Buyer probably took it with tenant in place. It could have sold for more if they were patient and marketed it properly. FWIW, JTR is wrong at least as much as he is right on his predictions.

If that house was vacant and easy to show you could sell 50 of them at that price around here without breaking a sweat. This brings up my exact point of capitalizing on opportunities in this kind of market. They are few and far between. They go to the most nimble, ready and well represented.

[sdrealtor]

It wasa great deal and there might be one or two opportunities like that a year with many more chasers. It was owned with very little debt and the selelr listed with an out of area agent. It was tenant occupied and difficult to show with appointment only. Buyer probably took it with tenant in place. It could have sold for more if they were patient and marketed it properly. FWIW, JTR is wrong at least as much as he is right on his predictions.

If that house was vacant and easy to show you could sell 50 of them at that price around here without breaking a sweat. This brings up my exact point of capitalizing on opportunities in this kind of market. They are few and far between. They go to the most nimble, ready and well represented.

[sdrealtor]

It wasa great deal and there might be one or two opportunities like that a year with many more chasers. It was owned with very little debt and the selelr listed with an out of area agent. It was tenant occupied and difficult to show with appointment only. Buyer probably took it with tenant in place. It could have sold for more if they were patient and marketed it properly. FWIW, JTR is wrong at least as much as he is right on his predictions.

If that house was vacant and easy to show you could sell 50 of them at that price around here without breaking a sweat. This brings up my exact point of capitalizing on opportunities in this kind of market. They are few and far between. They go to the most nimble, ready and well represented.

[sdrealtor]

It wasa great deal and there might be one or two opportunities like that a year with many more chasers. It was owned with very little debt and the selelr listed with an out of area agent. It was tenant occupied and difficult to show with appointment only. Buyer probably took it with tenant in place. It could have sold for more if they were patient and marketed it properly. FWIW, JTR is wrong at least as much as he is right on his predictions.

If that house was vacant and easy to show you could sell 50 of them at that price around here without breaking a sweat. This brings up my exact point of capitalizing on opportunities in this kind of market. They are few and far between. They go to the most nimble, ready and well represented.

[sdrealtor]

It wasa great deal and there might be one or two opportunities like that a year with many more chasers. It was owned with very little debt and the selelr listed with an out of area agent. It was tenant occupied and difficult to show with appointment only. Buyer probably took it with tenant in place. It could have sold for more if they were patient and marketed it properly. FWIW, JTR is wrong at least as much as he is right on his predictions.

If that house was vacant and easy to show you could sell 50 of them at that price around here without breaking a sweat. This brings up my exact point of capitalizing on opportunities in this kind of market. They are few and far between. They go to the most nimble, ready and well represented.

[bearishgurl]

[quote=UCGal] . . . Just on the surface – it appears that $627k was probably a fair price in my non-qualified, non expert opinion… but I’m not sure why you singled me out on whether I was qualified to state whether it was a fair price.[/quote]

Lol, just playing with you, UCGal, because you responded. You could have been living in Dulzura and I would have asked you because you are the Pigg who first responded to my question. Since I “have never been off this freeway exit,” I just feel I am unqualified to state whether $627K was a fair price. H@ll, I don’t even know whether the beach within walking distance of that property is full of litter, rotting grunion or just had new sand trucked in . . . lol! And I don’t want to be accused of pulling sold comps out of a hat in the “wrong subdivision.”

I don’t think bubble prices are comparable to now, but regarding your first link (402 “Parkwood”), I think that may be a good sold comparable at $765K for last year. It is on a 13K+ sf lot (3K sf more) and also has 300 more sf inside, though and was already ready to occupy at the time of sale. So, because it would take about a total of a $690K investment to make pem’s link “as liveable” as the “Parkwood” sold of last year, I would say it was “fair” but not a “killer deal” reimbursement for all the DIY work it would take to get there. If the new buyer hired all the needed work done, they WOULD have $765K (or close) invested in a slightly inferior property to 402 Parkwood. So, IMO, it WAS a good deal for a handy buyer who NEEDED a property in that particular locale.

[bearishgurl]

[quote=UCGal] . . . Just on the surface – it appears that $627k was probably a fair price in my non-qualified, non expert opinion… but I’m not sure why you singled me out on whether I was qualified to state whether it was a fair price.[/quote]

Lol, just playing with you, UCGal, because you responded. You could have been living in Dulzura and I would have asked you because you are the Pigg who first responded to my question. Since I “have never been off this freeway exit,” I just feel I am unqualified to state whether $627K was a fair price. H@ll, I don’t even know whether the beach within walking distance of that property is full of litter, rotting grunion or just had new sand trucked in . . . lol! And I don’t want to be accused of pulling sold comps out of a hat in the “wrong subdivision.”

I don’t think bubble prices are comparable to now, but regarding your first link (402 “Parkwood”), I think that may be a good sold comparable at $765K for last year. It is on a 13K+ sf lot (3K sf more) and also has 300 more sf inside, though and was already ready to occupy at the time of sale. So, because it would take about a total of a $690K investment to make pem’s link “as liveable” as the “Parkwood” sold of last year, I would say it was “fair” but not a “killer deal” reimbursement for all the DIY work it would take to get there. If the new buyer hired all the needed work done, they WOULD have $765K (or close) invested in a slightly inferior property to 402 Parkwood. So, IMO, it WAS a good deal for a handy buyer who NEEDED a property in that particular locale.

[bearishgurl]

[quote=UCGal] . . . Just on the surface – it appears that $627k was probably a fair price in my non-qualified, non expert opinion… but I’m not sure why you singled me out on whether I was qualified to state whether it was a fair price.[/quote]

Lol, just playing with you, UCGal, because you responded. You could have been living in Dulzura and I would have asked you because you are the Pigg who first responded to my question. Since I “have never been off this freeway exit,” I just feel I am unqualified to state whether $627K was a fair price. H@ll, I don’t even know whether the beach within walking distance of that property is full of litter, rotting grunion or just had new sand trucked in . . . lol! And I don’t want to be accused of pulling sold comps out of a hat in the “wrong subdivision.”

I don’t think bubble prices are comparable to now, but regarding your first link (402 “Parkwood”), I think that may be a good sold comparable at $765K for last year. It is on a 13K+ sf lot (3K sf more) and also has 300 more sf inside, though and was already ready to occupy at the time of sale. So, because it would take about a total of a $690K investment to make pem’s link “as liveable” as the “Parkwood” sold of last year, I would say it was “fair” but not a “killer deal” reimbursement for all the DIY work it would take to get there. If the new buyer hired all the needed work done, they WOULD have $765K (or close) invested in a slightly inferior property to 402 Parkwood. So, IMO, it WAS a good deal for a handy buyer who NEEDED a property in that particular locale.

[bearishgurl]

[quote=UCGal] . . . Just on the surface – it appears that $627k was probably a fair price in my non-qualified, non expert opinion… but I’m not sure why you singled me out on whether I was qualified to state whether it was a fair price.[/quote]

Lol, just playing with you, UCGal, because you responded. You could have been living in Dulzura and I would have asked you because you are the Pigg who first responded to my question. Since I “have never been off this freeway exit,” I just feel I am unqualified to state whether $627K was a fair price. H@ll, I don’t even know whether the beach within walking distance of that property is full of litter, rotting grunion or just had new sand trucked in . . . lol! And I don’t want to be accused of pulling sold comps out of a hat in the “wrong subdivision.”

I don’t think bubble prices are comparable to now, but regarding your first link (402 “Parkwood”), I think that may be a good sold comparable at $765K for last year. It is on a 13K+ sf lot (3K sf more) and also has 300 more sf inside, though and was already ready to occupy at the time of sale. So, because it would take about a total of a $690K investment to make pem’s link “as liveable” as the “Parkwood” sold of last year, I would say it was “fair” but not a “killer deal” reimbursement for all the DIY work it would take to get there. If the new buyer hired all the needed work done, they WOULD have $765K (or close) invested in a slightly inferior property to 402 Parkwood. So, IMO, it WAS a good deal for a handy buyer who NEEDED a property in that particular locale.

[bearishgurl]

[quote=UCGal] . . . Just on the surface – it appears that $627k was probably a fair price in my non-qualified, non expert opinion… but I’m not sure why you singled me out on whether I was qualified to state whether it was a fair price.[/quote]

Lol, just playing with you, UCGal, because you responded. You could have been living in Dulzura and I would have asked you because you are the Pigg who first responded to my question. Since I “have never been off this freeway exit,” I just feel I am unqualified to state whether $627K was a fair price. H@ll, I don’t even know whether the beach within walking distance of that property is full of litter, rotting grunion or just had new sand trucked in . . . lol! And I don’t want to be accused of pulling sold comps out of a hat in the “wrong subdivision.”

I don’t think bubble prices are comparable to now, but regarding your first link (402 “Parkwood”), I think that may be a good sold comparable at $765K for last year. It is on a 13K+ sf lot (3K sf more) and also has 300 more sf inside, though and was already ready to occupy at the time of sale. So, because it would take about a total of a $690K investment to make pem’s link “as liveable” as the “Parkwood” sold of last year, I would say it was “fair” but not a “killer deal” reimbursement for all the DIY work it would take to get there. If the new buyer hired all the needed work done, they WOULD have $765K (or close) invested in a slightly inferior property to 402 Parkwood. So, IMO, it WAS a good deal for a handy buyer who NEEDED a property in that particular locale.

[sdrealtor]

and you would be wrong…..again

[sdrealtor]

and you would be wrong…..again

[sdrealtor]

and you would be wrong…..again

[sdrealtor]

and you would be wrong…..again

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