[ncsd760]

Honestly if the higher-end Starboard/Colrich/Centex in LCO are fetching low 3s I don’t see why a dolled up Shelbourne/Davidson on Camino Serbal wouldn’t be able to reach the same. LCO is really only 2-3 years newer than LCV (unless we’re talking about Oaks North).

However, I have a personal vendetta against the bigger KHov houses in LCV but I doubt any of the newbies moving in even care about builders. Does that stuff even matter these days? I feel old.

[ncsd760]

Logging in to say I’m having the experiences of watching houses I tracked at the bottom of the market resell/list for much higher prices. One of the Centex Plan 2 in La Costa Oaks just listed for 2.7 — sold at the bottom of the market for 766k which was the lowest sale of this floorplan. It’s at the end of the street where Sitio Lima was extended to connect with Arterro. The one that went for 3.1 was a much better lot though this will be a solid ROI as well since they didn’t do anything to the backyard.

The new owners put in nice wood floors and dolled up the kitchen somewhat but the bathroom tiles are all original ceramic with original vanities. The house has some road noise and power line views since the transmission towers are across the street and the landscaping is average.

[ncsd760]

I always hated that floorplan but you’re definitely right. Ironically we looked at the house on the corner of Opuntia maybe 7 years ago. Those are huge lots.

I thought the weird front-facing split garage looked so dated and then they tried it again in the Oaks with one of the more midsize plans…forget which neighborhood…Standard Pacific maybe.

[ncsd760]

sdr you were right at > 400k from fall 2020 for homes in the neighborhood.

https://www.redfin.com/CA/Encinitas/277-Raintree-Dr-92024/home/6538550

325k over list for a pretty considerable fixer.

[ncsd760]

Does anyone know anything about the house on Verbena in Encinitas Ranch? Came on market pending immediately at what seems like a 2019 price?

Granted one on our street in Leucadia just came on a few weeks ago for very low and went pending quick, but that one had photos where you can tell it was in severe disrepair and needs structural and cosmetic upgrades. So maybe this is a similar scenario….

https://www.redfin.com/CA/Encinitas/546-Verbena-Ct-92024/home/6539015

[ncsd760]

[quote=DaCounselor][quote=DaCounselor][quote=sdrealtor]Ok the one Ive been waiting for just closed.

https://www.zillow.com/homedetails/2360-Avenida-Helecho-Carlsbad-CA-92009/16712318_zpid/

This house shows on Zillow as 1.2M May 2020. Honestly Zillow was wrong and this time last year more like 1.25M maybe even 1.3M. I can hit this house with a pitching wedge from my driveway. BTW, its not 6BR (the first owner spent $1,000 enclosing the upstairs loft) and its not 2800 sq ft (I live in the same house and have the actual builders blue prints for these homes its 2686 sq ft).

At the higher valuation its 42% appreciation and at Zillow valuation its 54% y-o-y. Same floorplan sold 4 times last 9 months between 1.225 and 1.285. Two of those were very nice locations, one was a far inferior location and another was one of the 5 best lots/locations in a community of 1053 homes but needed a good 20K of overgrown tree removal. Starting to getting the comps that prove what I have been talking about the last month or so.[/quote]

Ok so something on Camino Serbal is going to close at $2 mil now? Wait that’s too low, let’s say $2.25 mil. But why stop there, how about we say $2.5 mil before the year is up? Come to think of it, let’s go with $2.75 mil. Actually, let’s just make it a nice even $3 mil, wtf.

I’m going to need a thesaurus to come up with more adjectives to describe this market.[/quote]

Ok so $1.9 mil for 3,174 sqft on Camino Robledo in LCV.

https://www.zillow.com/homedetails/2320-Camino-Robledo-Carlsbad-CA-92009/16712278_zpid/

Decent lot but finishes look verrrrry basic.

$1.9 million tract home. Sdr who built this part of LCV? Not that the builder matters anymore.[/quote]

Shea for the Robledo. KB for the Helecho one.

[ncsd760]

Shocked at the appreciation of some of the “move-up” LCO homes. The one on Cte. Panorama backing to powerlines came with landscaping new and had no phenomenally crazy builder updates. Yes it has changed a few hands in about ten years but circa 2011-2012 those homes were usually 575k-725k(for models and some of that 2889sf floorplan) new and some of the ranches were low-mid 500s. Wild that that home just closed for 1.45M. Same for the one on Ste. Destino for $1.38. That one had better upgrades but probably more road noise and weird landscape.

Same thing for Cte Brezo. Back in the day that doesn’t feel long ago (but evidently is) half that street was a short sale for low 7s and the original owner already did your landscaping. Road noise sure but this was even before the shopping center was done. And then Cir. Sequoia was steadily 900-1M +/- 100k on either end given REO/short sale/ocean view. Which felt like a big amount of money then.

Just wild how times changed.

[ncsd760]

I am hearing lots of murmurs of sales myself…

We were original North LCO owners….many people cashing out now who can double their investment even on no-canyon-rim. Anecdotally there are a lot of people who bought new or newer homes here in the late 90’s or early to mid 00s for their “young” families…now the kids are moved out or at least in college and mom and dad want to be closer to the beach (or on one floor) and the prices make it worth it.

[ncsd760]

150k over asking. Front and back landscaping (and upgrades) were nothing crazy except for the kitchen where they swapped the fridge with the pantry though the lot is one of the better ones on the rim. There are ones facing due west with an even bigger and clearer view that I’m sure can go for 2mm+ now.

I think this is a record sale for that section of LCO.

https://www.redfin.com/CA/Carlsbad/7095-Sitio-Caliente-92009/home/22420814

[ncsd760]

150k over asking. Front and back landscaping (and upgrades) were nothing crazy except for the kitchen where they swapped the fridge with the pantry though the lot is one of the better ones on the rim. There are ones facing due west with an even bigger and clearer view that I’m sure can go for 2mm+ now.

I think this is a record sale for that section of LCO.

https://www.redfin.com/CA/Carlsbad/7095-Sitio-Caliente-92009/home/22420814

[ncsd760]

Is this your way of saying you’re moving sdr?

[ncsd760]

Good GOD is this comical. And not even nice landscaping….

I may be biased since I always had a soft spot for Lynwood houses and didn’t quite have the means to get one at the time, but that one that sold was beautiful inside. $3.25 M beautiful, however? I don’t think so.

[ncsd760]

We’ve lived west of 5, east of 101 for 6 years, and the side streets look a lot different already. Every time an older home sells, in 4-5 months it’s been relandscaped, given the “modern minimalist touch” (grey modern fixtures, teak wood fence, minimalist frosted glass garage door) and the true beaters are torn down or given a second story.

Even longtime owners are able to sell ranches and bungalows for low 1mms as long as the lot isn’t too weird. Same for multifamily. The apartment complex on the corner of hillcrest had tenants leave, was taken to the studs, remodeled. A lot of the apartment complexes on vulcan have come up for sale in the past few years.

[ncsd760]

This is insane

https://www.zillow.com/homedetails/348-Fulvia-St-Encinitas-CA-92024/318293975_zpid/

3.81 for the worst lot.

[ncsd760]

Sitio Corazon wants a 100k pop since July. I think they’ll get it and then some. $839k new in Oct 2012.

https://www.redfin.com/CA/Carlsbad/7141-Sitio-Corazon-92009/home/22391458

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