[bearishgurl]

[quote=Raybyrnes]Here’s another debatable transaction. 171 to 400 in a year

Property History for 3994 Riviera Dr Unit D
Date Event Price Appreciation Source
Mar 25, 2011 Sold (Public Records) $400,000 -3.3%/yr Public Records
Mar 25, 2011 Sold (MLS) (Sold) $400,000 — Inactive SANDICOR #110010034
Mar 08, 2011 Pending (Contingent) — — Inactive SANDICOR #110010034
Feb 16, 2011 Listed (Active) $400,000 — Inactive SANDICOR #110010034
Sep 21, 2010 Sold (Public Records)
This home was foreclosed

and bank-owned

. $171,528 — Public Records
Nov 26, 2003 Sold (Public Records) $510,000 — Public Records

For completeness, Redfin often displays two recor[/quote]

I haven’t looked at the trust-deed amounts here, but everything appears to be in order. After 20 days on the market in 2011, it went pending and closed 17 days after that for $400K (cash sale??)

I believe the amount required to cure the delinquent trust deed was so low because it was a second TD holder. We don’t know the amount of the first TD that this second TD holder had to take “subject to.” Perhaps they recovered all of their investment in this recent $400K sale and perhaps they didn’t. It was the smartest thing they could have done to recover whatever losses they could.

[bearishgurl]

[quote=Raybyrnes]Here’s another debatable transaction. 171 to 400 in a year

Property History for 3994 Riviera Dr Unit D
Date Event Price Appreciation Source
Mar 25, 2011 Sold (Public Records) $400,000 -3.3%/yr Public Records
Mar 25, 2011 Sold (MLS) (Sold) $400,000 — Inactive SANDICOR #110010034
Mar 08, 2011 Pending (Contingent) — — Inactive SANDICOR #110010034
Feb 16, 2011 Listed (Active) $400,000 — Inactive SANDICOR #110010034
Sep 21, 2010 Sold (Public Records)
This home was foreclosed

and bank-owned

. $171,528 — Public Records
Nov 26, 2003 Sold (Public Records) $510,000 — Public Records

For completeness, Redfin often displays two recor[/quote]

I haven’t looked at the trust-deed amounts here, but everything appears to be in order. After 20 days on the market in 2011, it went pending and closed 17 days after that for $400K (cash sale??)

I believe the amount required to cure the delinquent trust deed was so low because it was a second TD holder. We don’t know the amount of the first TD that this second TD holder had to take “subject to.” Perhaps they recovered all of their investment in this recent $400K sale and perhaps they didn’t. It was the smartest thing they could have done to recover whatever losses they could.

[bearishgurl]

[quote=Raybyrnes]Here’s another debatable transaction. 171 to 400 in a year

Property History for 3994 Riviera Dr Unit D
Date Event Price Appreciation Source
Mar 25, 2011 Sold (Public Records) $400,000 -3.3%/yr Public Records
Mar 25, 2011 Sold (MLS) (Sold) $400,000 — Inactive SANDICOR #110010034
Mar 08, 2011 Pending (Contingent) — — Inactive SANDICOR #110010034
Feb 16, 2011 Listed (Active) $400,000 — Inactive SANDICOR #110010034
Sep 21, 2010 Sold (Public Records)
This home was foreclosed

and bank-owned

. $171,528 — Public Records
Nov 26, 2003 Sold (Public Records) $510,000 — Public Records

For completeness, Redfin often displays two recor[/quote]

I haven’t looked at the trust-deed amounts here, but everything appears to be in order. After 20 days on the market in 2011, it went pending and closed 17 days after that for $400K (cash sale??)

I believe the amount required to cure the delinquent trust deed was so low because it was a second TD holder. We don’t know the amount of the first TD that this second TD holder had to take “subject to.” Perhaps they recovered all of their investment in this recent $400K sale and perhaps they didn’t. It was the smartest thing they could have done to recover whatever losses they could.

[bearishgurl]

[quote=zzz]If I were you, I’d go check out that house in Del Mar, its got most of what you are asking for, minus the age of the house. You indicated wanting that older estate feel but having been built in 2000-05 means you are going to have a much tougher time finding that combination. I believe you are going to need to find a custom home versus track home to find that combination. Also I think you really need to go look at these homes. Just because its newer doesn’t mean its well constructed versus a home that’s slightly older may have been better custom construction.

Overall, Del Mar and the adjacent coastal areas are much better location wise IMHO than RB or Poway and I believe will hold its value better. Scripps Ranch burned in the 03 fires, hence a lot of rebuilds that BG mentioned, so ask yourself if you want to deal with higher wildfire risks being further east[/quote]

Good suggestion to consider customs, zzz. wanttobuy, it IS true that just because a house is newer doesn’t mean it’s better built. You may be able to find a recently-built custom home whose lot was subdivided by an adjacent neighbor. Or a very small subdivision in which the (spec) builder only built two or three homes and sold the other parcels as lots. In the case of the spec-builder subdivision, it is preferable if the subdivision was actually completed prior to 1990 (even if some lots sat more than 10 years before being resold or developed). In this case, you will likely find that the subdivider didn’t get caught up in having to form a CFD (or join into an adjacent one) in order to obtain building permits.

I agree about the fire insurance problem in Scripps. I’m certain the fire ins deductibles there are also in the thousands, even after paying a premium that is 2.5 to 3 times that of a similar house in a less fire-prone location. In addition, many of these rebuilds in the price range you are shopping in are well-appointed, yes, but way overbuilt for the neighborhood and thus all the homes on their tract(s) that were NOT destroyed in the Cedar fires or were rebuilt back to their orignal footprint would have much lower sold comps. This situation doesn’t bode well for appraisal or resale purposes, IMO.

In your price range and for what and where you want, I wouldn’t get caught up in excessive square footage or age. Neither of those is anywhere near as important as location.

I like the home in (uninc) Del Mar very much. The materials used to build this house are very costly. Even though it is above your price range, I would at least park on the street in front of it or in the driveway to listen, and if possible, walk the parameters of the property. Properties situated higher up frequently DO take on the echo of a fwy, even if that fwy is a mile away.

edit: just took another look at the Avocado Pl listing. My eyesight’s not too great but if that roof is a cedar shake roof, the new owner who gets an insurance binder in escrow may be told by their ins co that they must replace it within 2-12 months of ownership or be non-renewed. Also on septic if that is an issue for you.

[bearishgurl]

[quote=zzz]If I were you, I’d go check out that house in Del Mar, its got most of what you are asking for, minus the age of the house. You indicated wanting that older estate feel but having been built in 2000-05 means you are going to have a much tougher time finding that combination. I believe you are going to need to find a custom home versus track home to find that combination. Also I think you really need to go look at these homes. Just because its newer doesn’t mean its well constructed versus a home that’s slightly older may have been better custom construction.

Overall, Del Mar and the adjacent coastal areas are much better location wise IMHO than RB or Poway and I believe will hold its value better. Scripps Ranch burned in the 03 fires, hence a lot of rebuilds that BG mentioned, so ask yourself if you want to deal with higher wildfire risks being further east[/quote]

Good suggestion to consider customs, zzz. wanttobuy, it IS true that just because a house is newer doesn’t mean it’s better built. You may be able to find a recently-built custom home whose lot was subdivided by an adjacent neighbor. Or a very small subdivision in which the (spec) builder only built two or three homes and sold the other parcels as lots. In the case of the spec-builder subdivision, it is preferable if the subdivision was actually completed prior to 1990 (even if some lots sat more than 10 years before being resold or developed). In this case, you will likely find that the subdivider didn’t get caught up in having to form a CFD (or join into an adjacent one) in order to obtain building permits.

I agree about the fire insurance problem in Scripps. I’m certain the fire ins deductibles there are also in the thousands, even after paying a premium that is 2.5 to 3 times that of a similar house in a less fire-prone location. In addition, many of these rebuilds in the price range you are shopping in are well-appointed, yes, but way overbuilt for the neighborhood and thus all the homes on their tract(s) that were NOT destroyed in the Cedar fires or were rebuilt back to their orignal footprint would have much lower sold comps. This situation doesn’t bode well for appraisal or resale purposes, IMO.

In your price range and for what and where you want, I wouldn’t get caught up in excessive square footage or age. Neither of those is anywhere near as important as location.

I like the home in (uninc) Del Mar very much. The materials used to build this house are very costly. Even though it is above your price range, I would at least park on the street in front of it or in the driveway to listen, and if possible, walk the parameters of the property. Properties situated higher up frequently DO take on the echo of a fwy, even if that fwy is a mile away.

edit: just took another look at the Avocado Pl listing. My eyesight’s not too great but if that roof is a cedar shake roof, the new owner who gets an insurance binder in escrow may be told by their ins co that they must replace it within 2-12 months of ownership or be non-renewed. Also on septic if that is an issue for you.

[bearishgurl]

[quote=zzz]If I were you, I’d go check out that house in Del Mar, its got most of what you are asking for, minus the age of the house. You indicated wanting that older estate feel but having been built in 2000-05 means you are going to have a much tougher time finding that combination. I believe you are going to need to find a custom home versus track home to find that combination. Also I think you really need to go look at these homes. Just because its newer doesn’t mean its well constructed versus a home that’s slightly older may have been better custom construction.

Overall, Del Mar and the adjacent coastal areas are much better location wise IMHO than RB or Poway and I believe will hold its value better. Scripps Ranch burned in the 03 fires, hence a lot of rebuilds that BG mentioned, so ask yourself if you want to deal with higher wildfire risks being further east[/quote]

Good suggestion to consider customs, zzz. wanttobuy, it IS true that just because a house is newer doesn’t mean it’s better built. You may be able to find a recently-built custom home whose lot was subdivided by an adjacent neighbor. Or a very small subdivision in which the (spec) builder only built two or three homes and sold the other parcels as lots. In the case of the spec-builder subdivision, it is preferable if the subdivision was actually completed prior to 1990 (even if some lots sat more than 10 years before being resold or developed). In this case, you will likely find that the subdivider didn’t get caught up in having to form a CFD (or join into an adjacent one) in order to obtain building permits.

I agree about the fire insurance problem in Scripps. I’m certain the fire ins deductibles there are also in the thousands, even after paying a premium that is 2.5 to 3 times that of a similar house in a less fire-prone location. In addition, many of these rebuilds in the price range you are shopping in are well-appointed, yes, but way overbuilt for the neighborhood and thus all the homes on their tract(s) that were NOT destroyed in the Cedar fires or were rebuilt back to their orignal footprint would have much lower sold comps. This situation doesn’t bode well for appraisal or resale purposes, IMO.

In your price range and for what and where you want, I wouldn’t get caught up in excessive square footage or age. Neither of those is anywhere near as important as location.

I like the home in (uninc) Del Mar very much. The materials used to build this house are very costly. Even though it is above your price range, I would at least park on the street in front of it or in the driveway to listen, and if possible, walk the parameters of the property. Properties situated higher up frequently DO take on the echo of a fwy, even if that fwy is a mile away.

edit: just took another look at the Avocado Pl listing. My eyesight’s not too great but if that roof is a cedar shake roof, the new owner who gets an insurance binder in escrow may be told by their ins co that they must replace it within 2-12 months of ownership or be non-renewed. Also on septic if that is an issue for you.

[bearishgurl]

[quote=zzz]If I were you, I’d go check out that house in Del Mar, its got most of what you are asking for, minus the age of the house. You indicated wanting that older estate feel but having been built in 2000-05 means you are going to have a much tougher time finding that combination. I believe you are going to need to find a custom home versus track home to find that combination. Also I think you really need to go look at these homes. Just because its newer doesn’t mean its well constructed versus a home that’s slightly older may have been better custom construction.

Overall, Del Mar and the adjacent coastal areas are much better location wise IMHO than RB or Poway and I believe will hold its value better. Scripps Ranch burned in the 03 fires, hence a lot of rebuilds that BG mentioned, so ask yourself if you want to deal with higher wildfire risks being further east[/quote]

Good suggestion to consider customs, zzz. wanttobuy, it IS true that just because a house is newer doesn’t mean it’s better built. You may be able to find a recently-built custom home whose lot was subdivided by an adjacent neighbor. Or a very small subdivision in which the (spec) builder only built two or three homes and sold the other parcels as lots. In the case of the spec-builder subdivision, it is preferable if the subdivision was actually completed prior to 1990 (even if some lots sat more than 10 years before being resold or developed). In this case, you will likely find that the subdivider didn’t get caught up in having to form a CFD (or join into an adjacent one) in order to obtain building permits.

I agree about the fire insurance problem in Scripps. I’m certain the fire ins deductibles there are also in the thousands, even after paying a premium that is 2.5 to 3 times that of a similar house in a less fire-prone location. In addition, many of these rebuilds in the price range you are shopping in are well-appointed, yes, but way overbuilt for the neighborhood and thus all the homes on their tract(s) that were NOT destroyed in the Cedar fires or were rebuilt back to their orignal footprint would have much lower sold comps. This situation doesn’t bode well for appraisal or resale purposes, IMO.

In your price range and for what and where you want, I wouldn’t get caught up in excessive square footage or age. Neither of those is anywhere near as important as location.

I like the home in (uninc) Del Mar very much. The materials used to build this house are very costly. Even though it is above your price range, I would at least park on the street in front of it or in the driveway to listen, and if possible, walk the parameters of the property. Properties situated higher up frequently DO take on the echo of a fwy, even if that fwy is a mile away.

edit: just took another look at the Avocado Pl listing. My eyesight’s not too great but if that roof is a cedar shake roof, the new owner who gets an insurance binder in escrow may be told by their ins co that they must replace it within 2-12 months of ownership or be non-renewed. Also on septic if that is an issue for you.

[bearishgurl]

[quote=zzz]If I were you, I’d go check out that house in Del Mar, its got most of what you are asking for, minus the age of the house. You indicated wanting that older estate feel but having been built in 2000-05 means you are going to have a much tougher time finding that combination. I believe you are going to need to find a custom home versus track home to find that combination. Also I think you really need to go look at these homes. Just because its newer doesn’t mean its well constructed versus a home that’s slightly older may have been better custom construction.

Overall, Del Mar and the adjacent coastal areas are much better location wise IMHO than RB or Poway and I believe will hold its value better. Scripps Ranch burned in the 03 fires, hence a lot of rebuilds that BG mentioned, so ask yourself if you want to deal with higher wildfire risks being further east[/quote]

Good suggestion to consider customs, zzz. wanttobuy, it IS true that just because a house is newer doesn’t mean it’s better built. You may be able to find a recently-built custom home whose lot was subdivided by an adjacent neighbor. Or a very small subdivision in which the (spec) builder only built two or three homes and sold the other parcels as lots. In the case of the spec-builder subdivision, it is preferable if the subdivision was actually completed prior to 1990 (even if some lots sat more than 10 years before being resold or developed). In this case, you will likely find that the subdivider didn’t get caught up in having to form a CFD (or join into an adjacent one) in order to obtain building permits.

I agree about the fire insurance problem in Scripps. I’m certain the fire ins deductibles there are also in the thousands, even after paying a premium that is 2.5 to 3 times that of a similar house in a less fire-prone location. In addition, many of these rebuilds in the price range you are shopping in are well-appointed, yes, but way overbuilt for the neighborhood and thus all the homes on their tract(s) that were NOT destroyed in the Cedar fires or were rebuilt back to their orignal footprint would have much lower sold comps. This situation doesn’t bode well for appraisal or resale purposes, IMO.

In your price range and for what and where you want, I wouldn’t get caught up in excessive square footage or age. Neither of those is anywhere near as important as location.

I like the home in (uninc) Del Mar very much. The materials used to build this house are very costly. Even though it is above your price range, I would at least park on the street in front of it or in the driveway to listen, and if possible, walk the parameters of the property. Properties situated higher up frequently DO take on the echo of a fwy, even if that fwy is a mile away.

edit: just took another look at the Avocado Pl listing. My eyesight’s not too great but if that roof is a cedar shake roof, the new owner who gets an insurance binder in escrow may be told by their ins co that they must replace it within 2-12 months of ownership or be non-renewed. Also on septic if that is an issue for you.

[bearishgurl]

I would suggest for you a “fire rebuild” situated on a larger lot in Scripps, which, hopefully still has one or two old trees that didn’t burn. It will be a 2004-2007 built home but will list it’s original build date in the listing IF the property didn’t completely burn to the ground in 2003.

Then you will have the “best of both worlds” without the HOA (or only annual HOA dues) and no MR. Check availability and cost of fire coverage from previous owner or before making an offer.

[bearishgurl]

I would suggest for you a “fire rebuild” situated on a larger lot in Scripps, which, hopefully still has one or two old trees that didn’t burn. It will be a 2004-2007 built home but will list it’s original build date in the listing IF the property didn’t completely burn to the ground in 2003.

Then you will have the “best of both worlds” without the HOA (or only annual HOA dues) and no MR. Check availability and cost of fire coverage from previous owner or before making an offer.

[bearishgurl]

I would suggest for you a “fire rebuild” situated on a larger lot in Scripps, which, hopefully still has one or two old trees that didn’t burn. It will be a 2004-2007 built home but will list it’s original build date in the listing IF the property didn’t completely burn to the ground in 2003.

Then you will have the “best of both worlds” without the HOA (or only annual HOA dues) and no MR. Check availability and cost of fire coverage from previous owner or before making an offer.

[bearishgurl]

I would suggest for you a “fire rebuild” situated on a larger lot in Scripps, which, hopefully still has one or two old trees that didn’t burn. It will be a 2004-2007 built home but will list it’s original build date in the listing IF the property didn’t completely burn to the ground in 2003.

Then you will have the “best of both worlds” without the HOA (or only annual HOA dues) and no MR. Check availability and cost of fire coverage from previous owner or before making an offer.

[bearishgurl]

I would suggest for you a “fire rebuild” situated on a larger lot in Scripps, which, hopefully still has one or two old trees that didn’t burn. It will be a 2004-2007 built home but will list it’s original build date in the listing IF the property didn’t completely burn to the ground in 2003.

Then you will have the “best of both worlds” without the HOA (or only annual HOA dues) and no MR. Check availability and cost of fire coverage from previous owner or before making an offer.

[bearishgurl]

[quote=wanttobuy]We generally like mature landscaping, lot min. 1/2 acre, re-built after 2000. I have seen many listing in Poway built in 2000-2005 with mature landscape, but no mello-roos or HOA. It looks nice, but mostly larger (around 5000 ft) and price above 1 m.[/quote]

wanttobuy, I don’t know what you consider “mature landscaping” to be but unless a developer left old trees on a lot when building, I don’t see how a house built after 2000 would have “mature landscaping.” If the price is above $1M and it is that new, then the Mello Roos could have been paid by the builder or spec builder and built into the price of the house from the beginning. When you trade a preference for older construction on your list for newer construction, you will undoubtedly have to face Mello-Roos in many areas, even those areas with larger lots and also many vacant lots in Poway. The first CFD’s were formed in North County in the early nineties.

In the vast majority of instances in North County, especially outside the City of SD, I don’t think you can really have it both ways. This is just something to think about if you don’t want to live in a remote location on a private road without sewer access.

[bearishgurl]

[quote=wanttobuy]We generally like mature landscaping, lot min. 1/2 acre, re-built after 2000. I have seen many listing in Poway built in 2000-2005 with mature landscape, but no mello-roos or HOA. It looks nice, but mostly larger (around 5000 ft) and price above 1 m.[/quote]

wanttobuy, I don’t know what you consider “mature landscaping” to be but unless a developer left old trees on a lot when building, I don’t see how a house built after 2000 would have “mature landscaping.” If the price is above $1M and it is that new, then the Mello Roos could have been paid by the builder or spec builder and built into the price of the house from the beginning. When you trade a preference for older construction on your list for newer construction, you will undoubtedly have to face Mello-Roos in many areas, even those areas with larger lots and also many vacant lots in Poway. The first CFD’s were formed in North County in the early nineties.

In the vast majority of instances in North County, especially outside the City of SD, I don’t think you can really have it both ways. This is just something to think about if you don’t want to live in a remote location on a private road without sewer access.

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