Forum Replies Created
-
AuthorPosts
-
bearishgurl
Participant[quote=UCGal] . . . And if there are deep footings for the retaining walls – better make sure your grader is OSHA certified. That limits your pool of grading contractors.
Add about $100k to the project before you even consider the building portion of the project.[/quote]
I completely agree, UCGal. I thought about the expensive retaining walls when realizing that a heavily sloped driveway would need to be built right next to the house if it were to be on the upper lot only.
I have found plans online for these types of side-to-side-sloping steep lots and they are far and few between, most with storage areas and patio or rear-entry garages under a deck. There is no alley in this particular block.
It will be challenging for this new owner but I believe it will still be quite profitable or he/she will be happy with the final result to live in if he knows what he is doing, the order he is doing it in and does not waste mat’ls/labor. This street will bear the price. About two blocks upslope from there, in the vicinity north of Plum, rehabbed properties become prohibitively expensive.
It is very rare to find one available “infill” lot in 92106, let alone two adjacent ones. This buyer is very fortunate, IMHO.
Participant[quote=UCGal] . . . And if there are deep footings for the retaining walls – better make sure your grader is OSHA certified. That limits your pool of grading contractors.
Add about $100k to the project before you even consider the building portion of the project.[/quote]
I completely agree, UCGal. I thought about the expensive retaining walls when realizing that a heavily sloped driveway would need to be built right next to the house if it were to be on the upper lot only.
I have found plans online for these types of side-to-side-sloping steep lots and they are far and few between, most with storage areas and patio or rear-entry garages under a deck. There is no alley in this particular block.
It will be challenging for this new owner but I believe it will still be quite profitable or he/she will be happy with the final result to live in if he knows what he is doing, the order he is doing it in and does not waste mat’ls/labor. This street will bear the price. About two blocks upslope from there, in the vicinity north of Plum, rehabbed properties become prohibitively expensive.
It is very rare to find one available “infill” lot in 92106, let alone two adjacent ones. This buyer is very fortunate, IMHO.
Participant[quote=pemeliza]…So the buyer of 3228 probably paid 190+265 = 455k for both lots. Still a pretty good price for a 10k sq. ft. lot in that area with those views.[/quote]
Plus perhaps $15K-$30K to satisfy that pesky 2nd TD holder 🙂
Even $475K+ is less than the 2005 buyer paid for the ONE upslope lot (w/demo costs associated with it).
If this new buyer now owns 10K+ sf, he will have to adjoin the parcels if he wants to build one home covering both of them. That’s not near as time-consuming as splitting a lot.
With that size new lot (and the ability to build a second story), the new buyer can build a luxury home which can command at least $1.5M, IMO, due to second story views, with a less-sloped quarter-turn driveway.
It will be interesting to see what happens here.
Participant[quote=pemeliza]…So the buyer of 3228 probably paid 190+265 = 455k for both lots. Still a pretty good price for a 10k sq. ft. lot in that area with those views.[/quote]
Plus perhaps $15K-$30K to satisfy that pesky 2nd TD holder 🙂
Even $475K+ is less than the 2005 buyer paid for the ONE upslope lot (w/demo costs associated with it).
If this new buyer now owns 10K+ sf, he will have to adjoin the parcels if he wants to build one home covering both of them. That’s not near as time-consuming as splitting a lot.
With that size new lot (and the ability to build a second story), the new buyer can build a luxury home which can command at least $1.5M, IMO, due to second story views, with a less-sloped quarter-turn driveway.
It will be interesting to see what happens here.
Participant[quote=pemeliza]…So the buyer of 3228 probably paid 190+265 = 455k for both lots. Still a pretty good price for a 10k sq. ft. lot in that area with those views.[/quote]
Plus perhaps $15K-$30K to satisfy that pesky 2nd TD holder 🙂
Even $475K+ is less than the 2005 buyer paid for the ONE upslope lot (w/demo costs associated with it).
If this new buyer now owns 10K+ sf, he will have to adjoin the parcels if he wants to build one home covering both of them. That’s not near as time-consuming as splitting a lot.
With that size new lot (and the ability to build a second story), the new buyer can build a luxury home which can command at least $1.5M, IMO, due to second story views, with a less-sloped quarter-turn driveway.
It will be interesting to see what happens here.
Participant[quote=pemeliza]…So the buyer of 3228 probably paid 190+265 = 455k for both lots. Still a pretty good price for a 10k sq. ft. lot in that area with those views.[/quote]
Plus perhaps $15K-$30K to satisfy that pesky 2nd TD holder 🙂
Even $475K+ is less than the 2005 buyer paid for the ONE upslope lot (w/demo costs associated with it).
If this new buyer now owns 10K+ sf, he will have to adjoin the parcels if he wants to build one home covering both of them. That’s not near as time-consuming as splitting a lot.
With that size new lot (and the ability to build a second story), the new buyer can build a luxury home which can command at least $1.5M, IMO, due to second story views, with a less-sloped quarter-turn driveway.
It will be interesting to see what happens here.
Participant[quote=pemeliza]…So the buyer of 3228 probably paid 190+265 = 455k for both lots. Still a pretty good price for a 10k sq. ft. lot in that area with those views.[/quote]
Plus perhaps $15K-$30K to satisfy that pesky 2nd TD holder 🙂
Even $475K+ is less than the 2005 buyer paid for the ONE upslope lot (w/demo costs associated with it).
If this new buyer now owns 10K+ sf, he will have to adjoin the parcels if he wants to build one home covering both of them. That’s not near as time-consuming as splitting a lot.
With that size new lot (and the ability to build a second story), the new buyer can build a luxury home which can command at least $1.5M, IMO, due to second story views, with a less-sloped quarter-turn driveway.
It will be interesting to see what happens here.
Participant[quote=briansd1][quote=bearishgurl]
Even though the 52 has a lunar landscape, I have to concede that it’s very convenient![/quote]
That’s more like the natural So Cal landscape before we started importing plants and irrigating.[/quote]
Absolutely agree that if SD did not have irrigation, it would look just like many areas of TJ. SD is a glorified, heavily irrigated desert … on the ocean. Nothing more.
Participant[quote=briansd1][quote=bearishgurl]
Even though the 52 has a lunar landscape, I have to concede that it’s very convenient![/quote]
That’s more like the natural So Cal landscape before we started importing plants and irrigating.[/quote]
Absolutely agree that if SD did not have irrigation, it would look just like many areas of TJ. SD is a glorified, heavily irrigated desert … on the ocean. Nothing more.
Participant[quote=briansd1][quote=bearishgurl]
Even though the 52 has a lunar landscape, I have to concede that it’s very convenient![/quote]
That’s more like the natural So Cal landscape before we started importing plants and irrigating.[/quote]
Absolutely agree that if SD did not have irrigation, it would look just like many areas of TJ. SD is a glorified, heavily irrigated desert … on the ocean. Nothing more.
Participant[quote=briansd1][quote=bearishgurl]
Even though the 52 has a lunar landscape, I have to concede that it’s very convenient![/quote]
That’s more like the natural So Cal landscape before we started importing plants and irrigating.[/quote]
Absolutely agree that if SD did not have irrigation, it would look just like many areas of TJ. SD is a glorified, heavily irrigated desert … on the ocean. Nothing more.
Participant[quote=briansd1][quote=bearishgurl]
Even though the 52 has a lunar landscape, I have to concede that it’s very convenient![/quote]
That’s more like the natural So Cal landscape before we started importing plants and irrigating.[/quote]
Absolutely agree that if SD did not have irrigation, it would look just like many areas of TJ. SD is a glorified, heavily irrigated desert … on the ocean. Nothing more.
Participant[quote=jpinpb]BG – I know your heart is in the right place and I appreciate it as we can be unrealtistic. Tough for me to actually not buy in PB, but I’m close enough now if I really want, I can have a nice walk to the bay. My DH is not going to drive 20 minutes. We have been there and know that eventually we just stop going. Now it is convenient at the last minute to say, “Let’s go,” and it not be a major project. He likes that. Though w/all our projects, we’ve had limited time to actually go to the bay. :([/quote]
Oh, I wasn’t really serious 🙂 I understand that Clairemont and EC are apples and oranges. Yes, there IS the occasional cool breeze thru there in the summer, but the weather can’t compare with coastal and near-coastal communities. Lots of people don’t mind that and also don’t go to the beach very often, if at all. It is what it is (hotter and colder). That’s why you get a lot of “bang for your buck” out there :=]
Participant[quote=jpinpb]BG – I know your heart is in the right place and I appreciate it as we can be unrealtistic. Tough for me to actually not buy in PB, but I’m close enough now if I really want, I can have a nice walk to the bay. My DH is not going to drive 20 minutes. We have been there and know that eventually we just stop going. Now it is convenient at the last minute to say, “Let’s go,” and it not be a major project. He likes that. Though w/all our projects, we’ve had limited time to actually go to the bay. :([/quote]
Oh, I wasn’t really serious 🙂 I understand that Clairemont and EC are apples and oranges. Yes, there IS the occasional cool breeze thru there in the summer, but the weather can’t compare with coastal and near-coastal communities. Lots of people don’t mind that and also don’t go to the beach very often, if at all. It is what it is (hotter and colder). That’s why you get a lot of “bang for your buck” out there :=]
-
AuthorPosts
