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NotCranky
ParticipantBetween the two listings it looks like the listing agent is saying the property is zoned for 1 house regardless of the size. It also looks like the easement goes through 4200 which is pie shaped lot so it as surveyour said isn’t proabably going to be a very useful easement for developement sake.It is likely that for these reason and becasue the value of the surrounding homes are not exceedingly high, this lots value is low. Even if you build an estate with a mansion it doesn’t conform to the neighborhood and probably couldn’t sell for developement/building costs.
One way I might look at this lot is to buy it but not the other house. Let it be effectively “landlocked” if that is the result.Wait until 4204,4206,4208 or 4210 come up for sale at a better price and buy it. Tear it down and do a boundary adjustment if necessary to get the required road and maintain at least two legal lots or do a lot split to the degree the city will allow since by purchasing the other lot you can put any size road they might require in.This road would probably have to be like Dakota Dr. Alternately, keep the house and the property for the
future.Finally, if the city says you can do ten lots and topography allows,if you get the road buy the best price house of which two are for sale and the lot.Hint:Don’t come back to the board and tell anybody about it until you hold title!
Obviously I am pulling this out of thin air because it requires much due diligence and luck. However, I can say that things like this do get accomplished.
ParticipantBetween the two listings it looks like the listing agent is saying the property is zoned for 1 house regardless of the size. It also looks like the easement goes through 4200 which is pie shaped lot so it as surveyour said isn’t proabably going to be a very useful easement for developement sake.It is likely that for these reason and becasue the value of the surrounding homes are not exceedingly high, this lots value is low. Even if you build an estate with a mansion it doesn’t conform to the neighborhood and probably couldn’t sell for developement/building costs.
One way I might look at this lot is to buy it but not the other house. Let it be effectively “landlocked” if that is the result.Wait until 4204,4206,4208 or 4210 come up for sale at a better price and buy it. Tear it down and do a boundary adjustment if necessary to get the required road and maintain at least two legal lots or do a lot split to the degree the city will allow since by purchasing the other lot you can put any size road they might require in.This road would probably have to be like Dakota Dr. Alternately, keep the house and the property for the
future.Finally, if the city says you can do ten lots and topography allows,if you get the road buy the best price house of which two are for sale and the lot.Hint:Don’t come back to the board and tell anybody about it until you hold title!
Obviously I am pulling this out of thin air because it requires much due diligence and luck. However, I can say that things like this do get accomplished.
ParticipantBetween the two listings it looks like the listing agent is saying the property is zoned for 1 house regardless of the size. It also looks like the easement goes through 4200 which is pie shaped lot so it as surveyour said isn’t proabably going to be a very useful easement for developement sake.It is likely that for these reason and becasue the value of the surrounding homes are not exceedingly high, this lots value is low. Even if you build an estate with a mansion it doesn’t conform to the neighborhood and probably couldn’t sell for developement/building costs.
One way I might look at this lot is to buy it but not the other house. Let it be effectively “landlocked” if that is the result.Wait until 4204,4206,4208 or 4210 come up for sale at a better price and buy it. Tear it down and do a boundary adjustment if necessary to get the required road and maintain at least two legal lots or do a lot split to the degree the city will allow since by purchasing the other lot you can put any size road they might require in.This road would probably have to be like Dakota Dr. Alternately, keep the house and the property for the
future.Finally, if the city says you can do ten lots and topography allows,if you get the road buy the best price house of which two are for sale and the lot.Hint:Don’t come back to the board and tell anybody about it until you hold title!
Obviously I am pulling this out of thin air because it requires much due diligence and luck. However, I can say that things like this do get accomplished.
ParticipantBetween the two listings it looks like the listing agent is saying the property is zoned for 1 house regardless of the size. It also looks like the easement goes through 4200 which is pie shaped lot so it as surveyour said isn’t proabably going to be a very useful easement for developement sake.It is likely that for these reason and becasue the value of the surrounding homes are not exceedingly high, this lots value is low. Even if you build an estate with a mansion it doesn’t conform to the neighborhood and probably couldn’t sell for developement/building costs.
One way I might look at this lot is to buy it but not the other house. Let it be effectively “landlocked” if that is the result.Wait until 4204,4206,4208 or 4210 come up for sale at a better price and buy it. Tear it down and do a boundary adjustment if necessary to get the required road and maintain at least two legal lots or do a lot split to the degree the city will allow since by purchasing the other lot you can put any size road they might require in.This road would probably have to be like Dakota Dr. Alternately, keep the house and the property for the
future.Finally, if the city says you can do ten lots and topography allows,if you get the road buy the best price house of which two are for sale and the lot.Hint:Don’t come back to the board and tell anybody about it until you hold title!
Obviously I am pulling this out of thin air because it requires much due diligence and luck. However, I can say that things like this do get accomplished.
ParticipantBetween the two listings it looks like the listing agent is saying the property is zoned for 1 house regardless of the size. It also looks like the easement goes through 4200 which is pie shaped lot so it as surveyour said isn’t proabably going to be a very useful easement for developement sake.It is likely that for these reason and becasue the value of the surrounding homes are not exceedingly high, this lots value is low. Even if you build an estate with a mansion it doesn’t conform to the neighborhood and probably couldn’t sell for developement/building costs.
One way I might look at this lot is to buy it but not the other house. Let it be effectively “landlocked” if that is the result.Wait until 4204,4206,4208 or 4210 come up for sale at a better price and buy it. Tear it down and do a boundary adjustment if necessary to get the required road and maintain at least two legal lots or do a lot split to the degree the city will allow since by purchasing the other lot you can put any size road they might require in.This road would probably have to be like Dakota Dr. Alternately, keep the house and the property for the
future.Finally, if the city says you can do ten lots and topography allows,if you get the road buy the best price house of which two are for sale and the lot.Hint:Don’t come back to the board and tell anybody about it until you hold title!
Obviously I am pulling this out of thin air because it requires much due diligence and luck. However, I can say that things like this do get accomplished.
Participant“it also to 25 years and the Great Depression to begin the overshoot. By then many of us would no longer be around.”
The last two cycles fell continuosly and formed nice troughs under the trendline that were of equal or greater proportion to the previous boomlets.Anyway I am sure everyone can see that. Does that prove what will happen to this mega boom? If the recent pattern continues, I am sure most of us will be around for it.
What I don’t understand is why people seem to think they know the answer, with so much authority as to where this thing is going when and how? There is too much variabilty possible in politics,the economy, world order etc. What we are sure about is that things are a real mess right now, related to this topic, and they aren’t smoothing out yet.
Participant“it also to 25 years and the Great Depression to begin the overshoot. By then many of us would no longer be around.”
The last two cycles fell continuosly and formed nice troughs under the trendline that were of equal or greater proportion to the previous boomlets.Anyway I am sure everyone can see that. Does that prove what will happen to this mega boom? If the recent pattern continues, I am sure most of us will be around for it.
What I don’t understand is why people seem to think they know the answer, with so much authority as to where this thing is going when and how? There is too much variabilty possible in politics,the economy, world order etc. What we are sure about is that things are a real mess right now, related to this topic, and they aren’t smoothing out yet.
Participant“it also to 25 years and the Great Depression to begin the overshoot. By then many of us would no longer be around.”
The last two cycles fell continuosly and formed nice troughs under the trendline that were of equal or greater proportion to the previous boomlets.Anyway I am sure everyone can see that. Does that prove what will happen to this mega boom? If the recent pattern continues, I am sure most of us will be around for it.
What I don’t understand is why people seem to think they know the answer, with so much authority as to where this thing is going when and how? There is too much variabilty possible in politics,the economy, world order etc. What we are sure about is that things are a real mess right now, related to this topic, and they aren’t smoothing out yet.
Participant“it also to 25 years and the Great Depression to begin the overshoot. By then many of us would no longer be around.”
The last two cycles fell continuosly and formed nice troughs under the trendline that were of equal or greater proportion to the previous boomlets.Anyway I am sure everyone can see that. Does that prove what will happen to this mega boom? If the recent pattern continues, I am sure most of us will be around for it.
What I don’t understand is why people seem to think they know the answer, with so much authority as to where this thing is going when and how? There is too much variabilty possible in politics,the economy, world order etc. What we are sure about is that things are a real mess right now, related to this topic, and they aren’t smoothing out yet.
Participant“it also to 25 years and the Great Depression to begin the overshoot. By then many of us would no longer be around.”
The last two cycles fell continuosly and formed nice troughs under the trendline that were of equal or greater proportion to the previous boomlets.Anyway I am sure everyone can see that. Does that prove what will happen to this mega boom? If the recent pattern continues, I am sure most of us will be around for it.
What I don’t understand is why people seem to think they know the answer, with so much authority as to where this thing is going when and how? There is too much variabilty possible in politics,the economy, world order etc. What we are sure about is that things are a real mess right now, related to this topic, and they aren’t smoothing out yet.
ParticipantStan,
“Isn’t the trustee sales price typically the loan balance?”
Yes,only the balance for the foreclosing entity, not seconds which are erradicated by the foreclosure and unless the lender lets and outside bidder take it for less.“Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?”
Yes there are. I am not sure how fast the info is available in a convenient format. I have the MLS so even though I have seen people post good links here I haven’t needed to remember them. Temeculaguy and probably some others have a good handle on research via web based public data banks.
A standing link on Rich’s home page for good sites would be nice.ParticipantStan,
“Isn’t the trustee sales price typically the loan balance?”
Yes,only the balance for the foreclosing entity, not seconds which are erradicated by the foreclosure and unless the lender lets and outside bidder take it for less.“Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?”
Yes there are. I am not sure how fast the info is available in a convenient format. I have the MLS so even though I have seen people post good links here I haven’t needed to remember them. Temeculaguy and probably some others have a good handle on research via web based public data banks.
A standing link on Rich’s home page for good sites would be nice.ParticipantStan,
“Isn’t the trustee sales price typically the loan balance?”
Yes,only the balance for the foreclosing entity, not seconds which are erradicated by the foreclosure and unless the lender lets and outside bidder take it for less.“Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?”
Yes there are. I am not sure how fast the info is available in a convenient format. I have the MLS so even though I have seen people post good links here I haven’t needed to remember them. Temeculaguy and probably some others have a good handle on research via web based public data banks.
A standing link on Rich’s home page for good sites would be nice.ParticipantStan,
“Isn’t the trustee sales price typically the loan balance?”
Yes,only the balance for the foreclosing entity, not seconds which are erradicated by the foreclosure and unless the lender lets and outside bidder take it for less.“Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?”
Yes there are. I am not sure how fast the info is available in a convenient format. I have the MLS so even though I have seen people post good links here I haven’t needed to remember them. Temeculaguy and probably some others have a good handle on research via web based public data banks.
A standing link on Rich’s home page for good sites would be nice. -
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