[kcal09]

Notice of Default was recorded on 7/11/11. Default amount is $87k.
Purchase amount was indeed $1.5 million, I would estimate that the owner put in another $150-200k in upgrades and landscaping.

[kcal09]

Notice of Default was recorded on 7/11/11. Default amount is $87k.
Purchase amount was indeed $1.5 million, I would estimate that the owner put in another $150-200k in upgrades and landscaping.

[kcal09]

Notice of Default was recorded on 7/11/11. Default amount is $87k.
Purchase amount was indeed $1.5 million, I would estimate that the owner put in another $150-200k in upgrades and landscaping.

[kcal09]

[quote=kkun]Thanks ocrenter for putting things quantitatively. As you said, every deal makes sense at the right price.

My estimate of the house without the power line impact is $950k including the upgrades, pools etc. Based on all the opinions in this forum, I think 800k is not price for me. Still figuring out if high 700k is the right price or not.

The concern remains resell value and time. I looked up numerous reseraches on health issues. the conclusions are either divided or slightly inclined toward “no impact”. I am sure I have more risks from many other things.

I am still thinking what I should do?[/quote]

I believe that you have to decide yourself if you can live in that house without being bothered by the power lines. If you answer is yes and you can get the house for let’s say $780k then you got a good deal. As for a resale, the pool of potential is going to be limited and pricing has to be attractive.

[kcal09]

[quote=kkun]Thanks ocrenter for putting things quantitatively. As you said, every deal makes sense at the right price.

My estimate of the house without the power line impact is $950k including the upgrades, pools etc. Based on all the opinions in this forum, I think 800k is not price for me. Still figuring out if high 700k is the right price or not.

The concern remains resell value and time. I looked up numerous reseraches on health issues. the conclusions are either divided or slightly inclined toward “no impact”. I am sure I have more risks from many other things.

I am still thinking what I should do?[/quote]

I believe that you have to decide yourself if you can live in that house without being bothered by the power lines. If you answer is yes and you can get the house for let’s say $780k then you got a good deal. As for a resale, the pool of potential is going to be limited and pricing has to be attractive.

[kcal09]

[quote=kkun]Thanks ocrenter for putting things quantitatively. As you said, every deal makes sense at the right price.

My estimate of the house without the power line impact is $950k including the upgrades, pools etc. Based on all the opinions in this forum, I think 800k is not price for me. Still figuring out if high 700k is the right price or not.

The concern remains resell value and time. I looked up numerous reseraches on health issues. the conclusions are either divided or slightly inclined toward “no impact”. I am sure I have more risks from many other things.

I am still thinking what I should do?[/quote]

I believe that you have to decide yourself if you can live in that house without being bothered by the power lines. If you answer is yes and you can get the house for let’s say $780k then you got a good deal. As for a resale, the pool of potential is going to be limited and pricing has to be attractive.

[kcal09]

[quote=kkun]Thanks ocrenter for putting things quantitatively. As you said, every deal makes sense at the right price.

My estimate of the house without the power line impact is $950k including the upgrades, pools etc. Based on all the opinions in this forum, I think 800k is not price for me. Still figuring out if high 700k is the right price or not.

The concern remains resell value and time. I looked up numerous reseraches on health issues. the conclusions are either divided or slightly inclined toward “no impact”. I am sure I have more risks from many other things.

I am still thinking what I should do?[/quote]

I believe that you have to decide yourself if you can live in that house without being bothered by the power lines. If you answer is yes and you can get the house for let’s say $780k then you got a good deal. As for a resale, the pool of potential is going to be limited and pricing has to be attractive.

[kcal09]

[quote=kkun]Thanks ocrenter for putting things quantitatively. As you said, every deal makes sense at the right price.

My estimate of the house without the power line impact is $950k including the upgrades, pools etc. Based on all the opinions in this forum, I think 800k is not price for me. Still figuring out if high 700k is the right price or not.

The concern remains resell value and time. I looked up numerous reseraches on health issues. the conclusions are either divided or slightly inclined toward “no impact”. I am sure I have more risks from many other things.

I am still thinking what I should do?[/quote]

I believe that you have to decide yourself if you can live in that house without being bothered by the power lines. If you answer is yes and you can get the house for let’s say $780k then you got a good deal. As for a resale, the pool of potential is going to be limited and pricing has to be attractive.

[kcal09]

[quote=ocrenter][quote=familyguy]I took a quick drive by that place on the way home from work yesterday. I will say that it looks from the outside like the seller may be in a bit of distress. I say this based on the little signs such as, the flower beds are in poor shape and look like they haven’t been mulched in well over a year. There were mushrooms growing throughout a portion of the front lawn. Existing landscaped appeared to be unkept, etc.

That said, I would assume (yes I am assuming here) that if the seller was interested in putting on the best presentation in an effort to overcome the power lines, those issues could be taken care of for under 1k. That says to me they simply don’t have the extra 1k laying around and may really need to sell. I hope thats not the case as I don’t wish home distress on anyone, but that’s my observation.

Piggy backing on that thought, how about the house that sits on the corner of Stonecroft Terrance and Stonebridge Parkway…the power lines literally hang DIRECTLY over top of this persons property. So to go along with the hideous front landscaping they put in, they also have front row seats to the power cables overhanging their lot. Yikes![/quote]

btw, zillow shows a house on shadetree in the foreclosure process. it may be this one.

incredible, someone actually paid $1.44 mil during the peak on shadetree with the high voltage lines right adjacent.

there’s actually a plot of land at that Stonecroft and Stonebridge corner with the lines overhead crisscrossing the property. At least they didn’t decide to build on that lot. you got to wonder if the bubble kept going the builder might have just get tempted enough to build a house there.[/quote]

Yes, this one is in foreclosure.

[kcal09]

[quote=ocrenter][quote=familyguy]I took a quick drive by that place on the way home from work yesterday. I will say that it looks from the outside like the seller may be in a bit of distress. I say this based on the little signs such as, the flower beds are in poor shape and look like they haven’t been mulched in well over a year. There were mushrooms growing throughout a portion of the front lawn. Existing landscaped appeared to be unkept, etc.

That said, I would assume (yes I am assuming here) that if the seller was interested in putting on the best presentation in an effort to overcome the power lines, those issues could be taken care of for under 1k. That says to me they simply don’t have the extra 1k laying around and may really need to sell. I hope thats not the case as I don’t wish home distress on anyone, but that’s my observation.

Piggy backing on that thought, how about the house that sits on the corner of Stonecroft Terrance and Stonebridge Parkway…the power lines literally hang DIRECTLY over top of this persons property. So to go along with the hideous front landscaping they put in, they also have front row seats to the power cables overhanging their lot. Yikes![/quote]

btw, zillow shows a house on shadetree in the foreclosure process. it may be this one.

incredible, someone actually paid $1.44 mil during the peak on shadetree with the high voltage lines right adjacent.

there’s actually a plot of land at that Stonecroft and Stonebridge corner with the lines overhead crisscrossing the property. At least they didn’t decide to build on that lot. you got to wonder if the bubble kept going the builder might have just get tempted enough to build a house there.[/quote]

Yes, this one is in foreclosure.

[kcal09]

[quote=ocrenter][quote=familyguy]I took a quick drive by that place on the way home from work yesterday. I will say that it looks from the outside like the seller may be in a bit of distress. I say this based on the little signs such as, the flower beds are in poor shape and look like they haven’t been mulched in well over a year. There were mushrooms growing throughout a portion of the front lawn. Existing landscaped appeared to be unkept, etc.

That said, I would assume (yes I am assuming here) that if the seller was interested in putting on the best presentation in an effort to overcome the power lines, those issues could be taken care of for under 1k. That says to me they simply don’t have the extra 1k laying around and may really need to sell. I hope thats not the case as I don’t wish home distress on anyone, but that’s my observation.

Piggy backing on that thought, how about the house that sits on the corner of Stonecroft Terrance and Stonebridge Parkway…the power lines literally hang DIRECTLY over top of this persons property. So to go along with the hideous front landscaping they put in, they also have front row seats to the power cables overhanging their lot. Yikes![/quote]

btw, zillow shows a house on shadetree in the foreclosure process. it may be this one.

incredible, someone actually paid $1.44 mil during the peak on shadetree with the high voltage lines right adjacent.

there’s actually a plot of land at that Stonecroft and Stonebridge corner with the lines overhead crisscrossing the property. At least they didn’t decide to build on that lot. you got to wonder if the bubble kept going the builder might have just get tempted enough to build a house there.[/quote]

Yes, this one is in foreclosure.

[kcal09]

[quote=ocrenter][quote=familyguy]I took a quick drive by that place on the way home from work yesterday. I will say that it looks from the outside like the seller may be in a bit of distress. I say this based on the little signs such as, the flower beds are in poor shape and look like they haven’t been mulched in well over a year. There were mushrooms growing throughout a portion of the front lawn. Existing landscaped appeared to be unkept, etc.

That said, I would assume (yes I am assuming here) that if the seller was interested in putting on the best presentation in an effort to overcome the power lines, those issues could be taken care of for under 1k. That says to me they simply don’t have the extra 1k laying around and may really need to sell. I hope thats not the case as I don’t wish home distress on anyone, but that’s my observation.

Piggy backing on that thought, how about the house that sits on the corner of Stonecroft Terrance and Stonebridge Parkway…the power lines literally hang DIRECTLY over top of this persons property. So to go along with the hideous front landscaping they put in, they also have front row seats to the power cables overhanging their lot. Yikes![/quote]

btw, zillow shows a house on shadetree in the foreclosure process. it may be this one.

incredible, someone actually paid $1.44 mil during the peak on shadetree with the high voltage lines right adjacent.

there’s actually a plot of land at that Stonecroft and Stonebridge corner with the lines overhead crisscrossing the property. At least they didn’t decide to build on that lot. you got to wonder if the bubble kept going the builder might have just get tempted enough to build a house there.[/quote]

Yes, this one is in foreclosure.

[kcal09]

[quote=ocrenter][quote=familyguy]I took a quick drive by that place on the way home from work yesterday. I will say that it looks from the outside like the seller may be in a bit of distress. I say this based on the little signs such as, the flower beds are in poor shape and look like they haven’t been mulched in well over a year. There were mushrooms growing throughout a portion of the front lawn. Existing landscaped appeared to be unkept, etc.

That said, I would assume (yes I am assuming here) that if the seller was interested in putting on the best presentation in an effort to overcome the power lines, those issues could be taken care of for under 1k. That says to me they simply don’t have the extra 1k laying around and may really need to sell. I hope thats not the case as I don’t wish home distress on anyone, but that’s my observation.

Piggy backing on that thought, how about the house that sits on the corner of Stonecroft Terrance and Stonebridge Parkway…the power lines literally hang DIRECTLY over top of this persons property. So to go along with the hideous front landscaping they put in, they also have front row seats to the power cables overhanging their lot. Yikes![/quote]

btw, zillow shows a house on shadetree in the foreclosure process. it may be this one.

incredible, someone actually paid $1.44 mil during the peak on shadetree with the high voltage lines right adjacent.

there’s actually a plot of land at that Stonecroft and Stonebridge corner with the lines overhead crisscrossing the property. At least they didn’t decide to build on that lot. you got to wonder if the bubble kept going the builder might have just get tempted enough to build a house there.[/quote]

Yes, this one is in foreclosure.

[kcal09]

The Toll Brother lots offer definitely more in views and the homes appear to be of higher quality. We were very disappointed in the “Montoro” homes. Not only was the quality of the homes poor but also the lots down in the canyon with the steep slope in the back horrible. Interestingly, despite these drawbacks some buyers were still willing to shell out $800k!

[kcal09]

The Toll Brother lots offer definitely more in views and the homes appear to be of higher quality. We were very disappointed in the “Montoro” homes. Not only was the quality of the homes poor but also the lots down in the canyon with the steep slope in the back horrible. Interestingly, despite these drawbacks some buyers were still willing to shell out $800k!

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