[Ricechex]

Here is another one I suspect was bought by a flipper. In my neighborhood, listed at $399K. Solid construction, but an old woman had lived there, and it was not updated. Open house and sold within one month. Sold for $415K. Since then, there have been plumbers, electricians, all kinds of workers over there–I guess $50K in upgrades. If they try and sell for 150K more, that would make its price $550K. I think the flippers are going to lose on that one.

http://www.sdlookup.com/Property-3CCEAA7B-3432_Vancouver_Ave_San_Diego_CA_92104

[Ricechex]

[quote=jpinpb]Ricechex – I was thinking about what you said about Upas being a busy street. While that may be true, I think it pales in comparison to the heavily commercial University Avenue w/4 lanes, not counting turn lanes at traffic signaled intersections. Plus for Upas, the proximity to Balboa Park somewhat almost makes up for it.[/quote]

JP…you are absolutely correct, Upas is not as busy as University. However, there are several streets that people use rather than the biggies (Univ, El Cajon Blvd, 30th) instead. Thus, they serve as alternate routes to destination. Example: I take Howard Ave to Texas, rather than University to Texas. Thus, those “side” streets are actually very busy streets.

If I was offered a free house on University or Upas, I would choose Upas. However, considering I would be paying a hefty mortgage, I would choose neither! You will be cleaning your windows often and breathing in fumes. Besides the obvious streets, some streets I would avoid:

92104
Swift
Boundary
North Park Way
Nile Street
Upas
Howard/becomes Orange east of 805
Thorn (depends)
Texas
Wightman
33rd between Thorn and North Park Way (entrance to freeway)
Landis between Boundary and 31st (the way to CVS)
Grim between Upas and University (the way to Post Office)
Florida (but I think that may be 92103)

92116
Meade
Monroe
Madison
Adams

JP, I am not a realtor, just lived in these parts for quite some time. Please feel free to PM me if you have questions.

Also: I suspect that there are fewer sales in certain pockets, because there are many elderly in the homes. I had a friend who worked for Adult Protective Services (APS) and the biggest number of aging people she served was in North Park. You can usually tell by the condition of the homes, ie: they cannot afford upkeep.

[Ricechex]

[quote=jpinpb]Ricechex – I was thinking about what you said about Upas being a busy street. While that may be true, I think it pales in comparison to the heavily commercial University Avenue w/4 lanes, not counting turn lanes at traffic signaled intersections. Plus for Upas, the proximity to Balboa Park somewhat almost makes up for it.[/quote]

JP…you are absolutely correct, Upas is not as busy as University. However, there are several streets that people use rather than the biggies (Univ, El Cajon Blvd, 30th) instead. Thus, they serve as alternate routes to destination. Example: I take Howard Ave to Texas, rather than University to Texas. Thus, those “side” streets are actually very busy streets.

If I was offered a free house on University or Upas, I would choose Upas. However, considering I would be paying a hefty mortgage, I would choose neither! You will be cleaning your windows often and breathing in fumes. Besides the obvious streets, some streets I would avoid:

92104
Swift
Boundary
North Park Way
Nile Street
Upas
Howard/becomes Orange east of 805
Thorn (depends)
Texas
Wightman
33rd between Thorn and North Park Way (entrance to freeway)
Landis between Boundary and 31st (the way to CVS)
Grim between Upas and University (the way to Post Office)
Florida (but I think that may be 92103)

92116
Meade
Monroe
Madison
Adams

JP, I am not a realtor, just lived in these parts for quite some time. Please feel free to PM me if you have questions.

Also: I suspect that there are fewer sales in certain pockets, because there are many elderly in the homes. I had a friend who worked for Adult Protective Services (APS) and the biggest number of aging people she served was in North Park. You can usually tell by the condition of the homes, ie: they cannot afford upkeep.

[Ricechex]

[quote=jpinpb]Ricechex – I was thinking about what you said about Upas being a busy street. While that may be true, I think it pales in comparison to the heavily commercial University Avenue w/4 lanes, not counting turn lanes at traffic signaled intersections. Plus for Upas, the proximity to Balboa Park somewhat almost makes up for it.[/quote]

JP…you are absolutely correct, Upas is not as busy as University. However, there are several streets that people use rather than the biggies (Univ, El Cajon Blvd, 30th) instead. Thus, they serve as alternate routes to destination. Example: I take Howard Ave to Texas, rather than University to Texas. Thus, those “side” streets are actually very busy streets.

If I was offered a free house on University or Upas, I would choose Upas. However, considering I would be paying a hefty mortgage, I would choose neither! You will be cleaning your windows often and breathing in fumes. Besides the obvious streets, some streets I would avoid:

92104
Swift
Boundary
North Park Way
Nile Street
Upas
Howard/becomes Orange east of 805
Thorn (depends)
Texas
Wightman
33rd between Thorn and North Park Way (entrance to freeway)
Landis between Boundary and 31st (the way to CVS)
Grim between Upas and University (the way to Post Office)
Florida (but I think that may be 92103)

92116
Meade
Monroe
Madison
Adams

JP, I am not a realtor, just lived in these parts for quite some time. Please feel free to PM me if you have questions.

Also: I suspect that there are fewer sales in certain pockets, because there are many elderly in the homes. I had a friend who worked for Adult Protective Services (APS) and the biggest number of aging people she served was in North Park. You can usually tell by the condition of the homes, ie: they cannot afford upkeep.

[Ricechex]

[quote=jpinpb]Ricechex – I was thinking about what you said about Upas being a busy street. While that may be true, I think it pales in comparison to the heavily commercial University Avenue w/4 lanes, not counting turn lanes at traffic signaled intersections. Plus for Upas, the proximity to Balboa Park somewhat almost makes up for it.[/quote]

JP…you are absolutely correct, Upas is not as busy as University. However, there are several streets that people use rather than the biggies (Univ, El Cajon Blvd, 30th) instead. Thus, they serve as alternate routes to destination. Example: I take Howard Ave to Texas, rather than University to Texas. Thus, those “side” streets are actually very busy streets.

If I was offered a free house on University or Upas, I would choose Upas. However, considering I would be paying a hefty mortgage, I would choose neither! You will be cleaning your windows often and breathing in fumes. Besides the obvious streets, some streets I would avoid:

92104
Swift
Boundary
North Park Way
Nile Street
Upas
Howard/becomes Orange east of 805
Thorn (depends)
Texas
Wightman
33rd between Thorn and North Park Way (entrance to freeway)
Landis between Boundary and 31st (the way to CVS)
Grim between Upas and University (the way to Post Office)
Florida (but I think that may be 92103)

92116
Meade
Monroe
Madison
Adams

JP, I am not a realtor, just lived in these parts for quite some time. Please feel free to PM me if you have questions.

Also: I suspect that there are fewer sales in certain pockets, because there are many elderly in the homes. I had a friend who worked for Adult Protective Services (APS) and the biggest number of aging people she served was in North Park. You can usually tell by the condition of the homes, ie: they cannot afford upkeep.

[Ricechex]

[quote=jpinpb]Ricechex – I was thinking about what you said about Upas being a busy street. While that may be true, I think it pales in comparison to the heavily commercial University Avenue w/4 lanes, not counting turn lanes at traffic signaled intersections. Plus for Upas, the proximity to Balboa Park somewhat almost makes up for it.[/quote]

JP…you are absolutely correct, Upas is not as busy as University. However, there are several streets that people use rather than the biggies (Univ, El Cajon Blvd, 30th) instead. Thus, they serve as alternate routes to destination. Example: I take Howard Ave to Texas, rather than University to Texas. Thus, those “side” streets are actually very busy streets.

If I was offered a free house on University or Upas, I would choose Upas. However, considering I would be paying a hefty mortgage, I would choose neither! You will be cleaning your windows often and breathing in fumes. Besides the obvious streets, some streets I would avoid:

92104
Swift
Boundary
North Park Way
Nile Street
Upas
Howard/becomes Orange east of 805
Thorn (depends)
Texas
Wightman
33rd between Thorn and North Park Way (entrance to freeway)
Landis between Boundary and 31st (the way to CVS)
Grim between Upas and University (the way to Post Office)
Florida (but I think that may be 92103)

92116
Meade
Monroe
Madison
Adams

JP, I am not a realtor, just lived in these parts for quite some time. Please feel free to PM me if you have questions.

Also: I suspect that there are fewer sales in certain pockets, because there are many elderly in the homes. I had a friend who worked for Adult Protective Services (APS) and the biggest number of aging people she served was in North Park. You can usually tell by the condition of the homes, ie: they cannot afford upkeep.

[Ricechex]

The house on Villa Terrace is almost to University. Lots of traffic. The house on Texas, busy intersection, I cannot see how that is more desirable. The one on Upas, very nice, however, Upas is also a busy street, and the houses on Upas flush right up to the street. Very minimal front lawns. The one on Granada, that is pretty nice. I don’t think any of them are worth their selling prices though.

[Ricechex]

The house on Villa Terrace is almost to University. Lots of traffic. The house on Texas, busy intersection, I cannot see how that is more desirable. The one on Upas, very nice, however, Upas is also a busy street, and the houses on Upas flush right up to the street. Very minimal front lawns. The one on Granada, that is pretty nice. I don’t think any of them are worth their selling prices though.

[Ricechex]

The house on Villa Terrace is almost to University. Lots of traffic. The house on Texas, busy intersection, I cannot see how that is more desirable. The one on Upas, very nice, however, Upas is also a busy street, and the houses on Upas flush right up to the street. Very minimal front lawns. The one on Granada, that is pretty nice. I don’t think any of them are worth their selling prices though.

[Ricechex]

The house on Villa Terrace is almost to University. Lots of traffic. The house on Texas, busy intersection, I cannot see how that is more desirable. The one on Upas, very nice, however, Upas is also a busy street, and the houses on Upas flush right up to the street. Very minimal front lawns. The one on Granada, that is pretty nice. I don’t think any of them are worth their selling prices though.

[Ricechex]

The house on Villa Terrace is almost to University. Lots of traffic. The house on Texas, busy intersection, I cannot see how that is more desirable. The one on Upas, very nice, however, Upas is also a busy street, and the houses on Upas flush right up to the street. Very minimal front lawns. The one on Granada, that is pretty nice. I don’t think any of them are worth their selling prices though.

[Ricechex]

[quote=jpinpb][quote=CA renter]
I used to believe there were “strict appraisals,” but have seen enough flips lately that negate that theory. I’ve seen flippers make $100K-$150K in a couple of months with maybe $20K in “improvements.” If appraisers are valuing the **same house** $100K+ more than the what it sold for just a few months ago, the whole system is broken.
[/quote]

Here you go. I just came across this and thought of your post:
3929 Texas

Sold 05/18/2010 for $385,000

Flip price 590k.

WTF!!!!

Where are my crazy pills?[/quote]

Wow…someone actually bought this for $385k? That is bad enough, not to mention the flip price. This is at the corner of a VERY busy intersection. Unless it is being used as a business, I can’t see living there…

[Ricechex]

[quote=jpinpb][quote=CA renter]
I used to believe there were “strict appraisals,” but have seen enough flips lately that negate that theory. I’ve seen flippers make $100K-$150K in a couple of months with maybe $20K in “improvements.” If appraisers are valuing the **same house** $100K+ more than the what it sold for just a few months ago, the whole system is broken.
[/quote]

Here you go. I just came across this and thought of your post:
3929 Texas

Sold 05/18/2010 for $385,000

Flip price 590k.

WTF!!!!

Where are my crazy pills?[/quote]

Wow…someone actually bought this for $385k? That is bad enough, not to mention the flip price. This is at the corner of a VERY busy intersection. Unless it is being used as a business, I can’t see living there…

[Ricechex]

[quote=jpinpb][quote=CA renter]
I used to believe there were “strict appraisals,” but have seen enough flips lately that negate that theory. I’ve seen flippers make $100K-$150K in a couple of months with maybe $20K in “improvements.” If appraisers are valuing the **same house** $100K+ more than the what it sold for just a few months ago, the whole system is broken.
[/quote]

Here you go. I just came across this and thought of your post:
3929 Texas

Sold 05/18/2010 for $385,000

Flip price 590k.

WTF!!!!

Where are my crazy pills?[/quote]

Wow…someone actually bought this for $385k? That is bad enough, not to mention the flip price. This is at the corner of a VERY busy intersection. Unless it is being used as a business, I can’t see living there…

[Ricechex]

[quote=jpinpb][quote=CA renter]
I used to believe there were “strict appraisals,” but have seen enough flips lately that negate that theory. I’ve seen flippers make $100K-$150K in a couple of months with maybe $20K in “improvements.” If appraisers are valuing the **same house** $100K+ more than the what it sold for just a few months ago, the whole system is broken.
[/quote]

Here you go. I just came across this and thought of your post:
3929 Texas

Sold 05/18/2010 for $385,000

Flip price 590k.

WTF!!!!

Where are my crazy pills?[/quote]

Wow…someone actually bought this for $385k? That is bad enough, not to mention the flip price. This is at the corner of a VERY busy intersection. Unless it is being used as a business, I can’t see living there…

[Author]

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