[macmichael]

The most significant problem with this home is the stairs. They were terrible in the 60’s, but the owners accepted this, now it is almost a deal killer.

Original owner ( agent selling it himself ) still owns it and has bought a condo in La mesa, so unless he did lots of refi’s and took alot of cash out his cost basis is very low.

My thought was to do a significant addition and put in a new interior stair outside of the original footprint, also put on a new master bedroom / bath up, along with an outside stairs to the lower level. New kitchen, windows, deck, etc Since I am in the business I though maybe put in $ 250 – 300K. Not to flip but to have as a great home. So my target would be pay $ 700 K. Alas don’t need the space and that much work. I already live on wanderemere and have done that.

Anyway I echo that del cerro is better place than mt helix; closer in, more convenient to everything, better schools; and slightly undiscovered. There are some decent bargains going to come up. It was just that in the 2005, 2006 time period some buyers went stupid and paid way too much for houses that needed everything and then in the down they were left you know where. Overall though the hood is fairly stable, lots and lots of people who have been there along time and when you look at the alternatives in central san diego there aren’t very many. Imo this will help to keep the area fairly stable with minimal decline. I think this is one reason seller has been keeping his price up – he maybe able to wait it out for some long period of time.

[macmichael]

The most significant problem with this home is the stairs. They were terrible in the 60’s, but the owners accepted this, now it is almost a deal killer.

Original owner ( agent selling it himself ) still owns it and has bought a condo in La mesa, so unless he did lots of refi’s and took alot of cash out his cost basis is very low.

My thought was to do a significant addition and put in a new interior stair outside of the original footprint, also put on a new master bedroom / bath up, along with an outside stairs to the lower level. New kitchen, windows, deck, etc Since I am in the business I though maybe put in $ 250 – 300K. Not to flip but to have as a great home. So my target would be pay $ 700 K. Alas don’t need the space and that much work. I already live on wanderemere and have done that.

Anyway I echo that del cerro is better place than mt helix; closer in, more convenient to everything, better schools; and slightly undiscovered. There are some decent bargains going to come up. It was just that in the 2005, 2006 time period some buyers went stupid and paid way too much for houses that needed everything and then in the down they were left you know where. Overall though the hood is fairly stable, lots and lots of people who have been there along time and when you look at the alternatives in central san diego there aren’t very many. Imo this will help to keep the area fairly stable with minimal decline. I think this is one reason seller has been keeping his price up – he maybe able to wait it out for some long period of time.

[macmichael]

The most significant problem with this home is the stairs. They were terrible in the 60’s, but the owners accepted this, now it is almost a deal killer.

Original owner ( agent selling it himself ) still owns it and has bought a condo in La mesa, so unless he did lots of refi’s and took alot of cash out his cost basis is very low.

My thought was to do a significant addition and put in a new interior stair outside of the original footprint, also put on a new master bedroom / bath up, along with an outside stairs to the lower level. New kitchen, windows, deck, etc Since I am in the business I though maybe put in $ 250 – 300K. Not to flip but to have as a great home. So my target would be pay $ 700 K. Alas don’t need the space and that much work. I already live on wanderemere and have done that.

Anyway I echo that del cerro is better place than mt helix; closer in, more convenient to everything, better schools; and slightly undiscovered. There are some decent bargains going to come up. It was just that in the 2005, 2006 time period some buyers went stupid and paid way too much for houses that needed everything and then in the down they were left you know where. Overall though the hood is fairly stable, lots and lots of people who have been there along time and when you look at the alternatives in central san diego there aren’t very many. Imo this will help to keep the area fairly stable with minimal decline. I think this is one reason seller has been keeping his price up – he maybe able to wait it out for some long period of time.

[macmichael]

The most significant problem with this home is the stairs. They were terrible in the 60’s, but the owners accepted this, now it is almost a deal killer.

Original owner ( agent selling it himself ) still owns it and has bought a condo in La mesa, so unless he did lots of refi’s and took alot of cash out his cost basis is very low.

My thought was to do a significant addition and put in a new interior stair outside of the original footprint, also put on a new master bedroom / bath up, along with an outside stairs to the lower level. New kitchen, windows, deck, etc Since I am in the business I though maybe put in $ 250 – 300K. Not to flip but to have as a great home. So my target would be pay $ 700 K. Alas don’t need the space and that much work. I already live on wanderemere and have done that.

Anyway I echo that del cerro is better place than mt helix; closer in, more convenient to everything, better schools; and slightly undiscovered. There are some decent bargains going to come up. It was just that in the 2005, 2006 time period some buyers went stupid and paid way too much for houses that needed everything and then in the down they were left you know where. Overall though the hood is fairly stable, lots and lots of people who have been there along time and when you look at the alternatives in central san diego there aren’t very many. Imo this will help to keep the area fairly stable with minimal decline. I think this is one reason seller has been keeping his price up – he maybe able to wait it out for some long period of time.

[macmichael]

The most significant problem with this home is the stairs. They were terrible in the 60’s, but the owners accepted this, now it is almost a deal killer.

Original owner ( agent selling it himself ) still owns it and has bought a condo in La mesa, so unless he did lots of refi’s and took alot of cash out his cost basis is very low.

My thought was to do a significant addition and put in a new interior stair outside of the original footprint, also put on a new master bedroom / bath up, along with an outside stairs to the lower level. New kitchen, windows, deck, etc Since I am in the business I though maybe put in $ 250 – 300K. Not to flip but to have as a great home. So my target would be pay $ 700 K. Alas don’t need the space and that much work. I already live on wanderemere and have done that.

Anyway I echo that del cerro is better place than mt helix; closer in, more convenient to everything, better schools; and slightly undiscovered. There are some decent bargains going to come up. It was just that in the 2005, 2006 time period some buyers went stupid and paid way too much for houses that needed everything and then in the down they were left you know where. Overall though the hood is fairly stable, lots and lots of people who have been there along time and when you look at the alternatives in central san diego there aren’t very many. Imo this will help to keep the area fairly stable with minimal decline. I think this is one reason seller has been keeping his price up – he maybe able to wait it out for some long period of time.

[macmichael]

I have been closely following Palm Desert, La Quinta for about 1 1/2 years now. We were looking to buy retirement / 2nd home after close friends bought in Sommerset ( top of 79 just down from Big Horn ). After alot of review felt prices had no where to go but down and we held off. Liked Laguna de Paz in LQ, but they were asking approx $ 460 – 525 for about 1850 sq ft ( SFR in gated project, very small lots, but lake and good amount of green, built early 90’s). We have watched for the last year and half as prices declined. Recent sales of $ 350 – $ 360 and rest have just sat on market. So about $ 195 sf. I have also watched Trilogy in LQ, Shea 55+ development, new and nicely done, similar story for those who bought in 04, 05, 06. As regards PD what I have learned is there is a higher base level of demand than LQ, this is especially true of south of Fred Waring and especially south of 111. Few new developments and they are a long ways from 111 / Monterey shopping. For example there is alot of prestige living in Ironwood and people will pay alot. Another factor since alot of property is owned as 2nd homes, there is a lot of rentals, either short or long term. As a consequence 1200 sq ft as described can be had for about $1500-2000 a month long term, usually furnished. For $2300-3500 you can get a place in Rancho Mirage or Indian Wells, maybe 2000 sf and possibly golf course usage with minor costs. Paying $ 525K for what was described, unless there is alot of special something is truly “catching the knife”. I have looked for a specifc web / blog that focuses on Palm Desert / La Quinta ( or Cochella valley ) without luck, any others knowing of such would appreciate the link. Happy to share any other infor I can about the area.

[macmichael]

I have been closely following Palm Desert, La Quinta for about 1 1/2 years now. We were looking to buy retirement / 2nd home after close friends bought in Sommerset ( top of 79 just down from Big Horn ). After alot of review felt prices had no where to go but down and we held off. Liked Laguna de Paz in LQ, but they were asking approx $ 460 – 525 for about 1850 sq ft ( SFR in gated project, very small lots, but lake and good amount of green, built early 90’s). We have watched for the last year and half as prices declined. Recent sales of $ 350 – $ 360 and rest have just sat on market. So about $ 195 sf. I have also watched Trilogy in LQ, Shea 55+ development, new and nicely done, similar story for those who bought in 04, 05, 06. As regards PD what I have learned is there is a higher base level of demand than LQ, this is especially true of south of Fred Waring and especially south of 111. Few new developments and they are a long ways from 111 / Monterey shopping. For example there is alot of prestige living in Ironwood and people will pay alot. Another factor since alot of property is owned as 2nd homes, there is a lot of rentals, either short or long term. As a consequence 1200 sq ft as described can be had for about $1500-2000 a month long term, usually furnished. For $2300-3500 you can get a place in Rancho Mirage or Indian Wells, maybe 2000 sf and possibly golf course usage with minor costs. Paying $ 525K for what was described, unless there is alot of special something is truly “catching the knife”. I have looked for a specifc web / blog that focuses on Palm Desert / La Quinta ( or Cochella valley ) without luck, any others knowing of such would appreciate the link. Happy to share any other infor I can about the area.

[macmichael]

I have been closely following Palm Desert, La Quinta for about 1 1/2 years now. We were looking to buy retirement / 2nd home after close friends bought in Sommerset ( top of 79 just down from Big Horn ). After alot of review felt prices had no where to go but down and we held off. Liked Laguna de Paz in LQ, but they were asking approx $ 460 – 525 for about 1850 sq ft ( SFR in gated project, very small lots, but lake and good amount of green, built early 90’s). We have watched for the last year and half as prices declined. Recent sales of $ 350 – $ 360 and rest have just sat on market. So about $ 195 sf. I have also watched Trilogy in LQ, Shea 55+ development, new and nicely done, similar story for those who bought in 04, 05, 06. As regards PD what I have learned is there is a higher base level of demand than LQ, this is especially true of south of Fred Waring and especially south of 111. Few new developments and they are a long ways from 111 / Monterey shopping. For example there is alot of prestige living in Ironwood and people will pay alot. Another factor since alot of property is owned as 2nd homes, there is a lot of rentals, either short or long term. As a consequence 1200 sq ft as described can be had for about $1500-2000 a month long term, usually furnished. For $2300-3500 you can get a place in Rancho Mirage or Indian Wells, maybe 2000 sf and possibly golf course usage with minor costs. Paying $ 525K for what was described, unless there is alot of special something is truly “catching the knife”. I have looked for a specifc web / blog that focuses on Palm Desert / La Quinta ( or Cochella valley ) without luck, any others knowing of such would appreciate the link. Happy to share any other infor I can about the area.

[macmichael]

I have been closely following Palm Desert, La Quinta for about 1 1/2 years now. We were looking to buy retirement / 2nd home after close friends bought in Sommerset ( top of 79 just down from Big Horn ). After alot of review felt prices had no where to go but down and we held off. Liked Laguna de Paz in LQ, but they were asking approx $ 460 – 525 for about 1850 sq ft ( SFR in gated project, very small lots, but lake and good amount of green, built early 90’s). We have watched for the last year and half as prices declined. Recent sales of $ 350 – $ 360 and rest have just sat on market. So about $ 195 sf. I have also watched Trilogy in LQ, Shea 55+ development, new and nicely done, similar story for those who bought in 04, 05, 06. As regards PD what I have learned is there is a higher base level of demand than LQ, this is especially true of south of Fred Waring and especially south of 111. Few new developments and they are a long ways from 111 / Monterey shopping. For example there is alot of prestige living in Ironwood and people will pay alot. Another factor since alot of property is owned as 2nd homes, there is a lot of rentals, either short or long term. As a consequence 1200 sq ft as described can be had for about $1500-2000 a month long term, usually furnished. For $2300-3500 you can get a place in Rancho Mirage or Indian Wells, maybe 2000 sf and possibly golf course usage with minor costs. Paying $ 525K for what was described, unless there is alot of special something is truly “catching the knife”. I have looked for a specifc web / blog that focuses on Palm Desert / La Quinta ( or Cochella valley ) without luck, any others knowing of such would appreciate the link. Happy to share any other infor I can about the area.

[Author]

Posts