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SD Realtor
ParticipantI would agree with you SK in your analysis above. That dog treated us well though man… lemme tell ya. The previous owner was a total deadbeat, running a flower shop out of the home and his brother was the listing agent. Besides the tramps next door all the other neighbors were very happy with us buying the home but it took quite awhile to get the deadbeat out and plenty of dollars for lawyers.
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lepetit I will be pretty darn surprised if Deer Park gets 950k. Do not see it at all. Classic case of sellers in denial. Anyways comps in the subdivision seem to be sprinkled. One at 890k and one at 899k, one at 885k and one at 850k. and one at 830k. The one at 830k would most likely illustrate sdrs post. That was about being able to find a deal by being patient but acting fast when you need to, the buyer did have to overbid. That was a great deal ppsf wise at 315k.
Anyways you can have your agent write a lowball offer and shoot it in. Nothing ventured nothing gained right? The probability is high that the sellers will punt especially because the remarks indicate a contingency on the sellers finding a new home.
ParticipantI would agree with you SK in your analysis above. That dog treated us well though man… lemme tell ya. The previous owner was a total deadbeat, running a flower shop out of the home and his brother was the listing agent. Besides the tramps next door all the other neighbors were very happy with us buying the home but it took quite awhile to get the deadbeat out and plenty of dollars for lawyers.
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lepetit I will be pretty darn surprised if Deer Park gets 950k. Do not see it at all. Classic case of sellers in denial. Anyways comps in the subdivision seem to be sprinkled. One at 890k and one at 899k, one at 885k and one at 850k. and one at 830k. The one at 830k would most likely illustrate sdrs post. That was about being able to find a deal by being patient but acting fast when you need to, the buyer did have to overbid. That was a great deal ppsf wise at 315k.
Anyways you can have your agent write a lowball offer and shoot it in. Nothing ventured nothing gained right? The probability is high that the sellers will punt especially because the remarks indicate a contingency on the sellers finding a new home.
ParticipantI would agree with you SK in your analysis above. That dog treated us well though man… lemme tell ya. The previous owner was a total deadbeat, running a flower shop out of the home and his brother was the listing agent. Besides the tramps next door all the other neighbors were very happy with us buying the home but it took quite awhile to get the deadbeat out and plenty of dollars for lawyers.
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lepetit I will be pretty darn surprised if Deer Park gets 950k. Do not see it at all. Classic case of sellers in denial. Anyways comps in the subdivision seem to be sprinkled. One at 890k and one at 899k, one at 885k and one at 850k. and one at 830k. The one at 830k would most likely illustrate sdrs post. That was about being able to find a deal by being patient but acting fast when you need to, the buyer did have to overbid. That was a great deal ppsf wise at 315k.
Anyways you can have your agent write a lowball offer and shoot it in. Nothing ventured nothing gained right? The probability is high that the sellers will punt especially because the remarks indicate a contingency on the sellers finding a new home.
ParticipantAt that much higher no but the point you are not making is that the place was pretty damn rundown and would require some serious money to fix up. Again, compare it to the comps in that very same complex. Just paint a fair picture is all I ask, especially when you want to use one of our flips as an example.
Yes I would agree that with time and patience the original poster can find a good deal. Many buyers here have waited years for that to happen. I am not sure the op is in that same sort of mindset.
ParticipantAt that much higher no but the point you are not making is that the place was pretty damn rundown and would require some serious money to fix up. Again, compare it to the comps in that very same complex. Just paint a fair picture is all I ask, especially when you want to use one of our flips as an example.
Yes I would agree that with time and patience the original poster can find a good deal. Many buyers here have waited years for that to happen. I am not sure the op is in that same sort of mindset.
ParticipantAt that much higher no but the point you are not making is that the place was pretty damn rundown and would require some serious money to fix up. Again, compare it to the comps in that very same complex. Just paint a fair picture is all I ask, especially when you want to use one of our flips as an example.
Yes I would agree that with time and patience the original poster can find a good deal. Many buyers here have waited years for that to happen. I am not sure the op is in that same sort of mindset.
ParticipantAt that much higher no but the point you are not making is that the place was pretty damn rundown and would require some serious money to fix up. Again, compare it to the comps in that very same complex. Just paint a fair picture is all I ask, especially when you want to use one of our flips as an example.
Yes I would agree that with time and patience the original poster can find a good deal. Many buyers here have waited years for that to happen. I am not sure the op is in that same sort of mindset.
ParticipantAt that much higher no but the point you are not making is that the place was pretty damn rundown and would require some serious money to fix up. Again, compare it to the comps in that very same complex. Just paint a fair picture is all I ask, especially when you want to use one of our flips as an example.
Yes I would agree that with time and patience the original poster can find a good deal. Many buyers here have waited years for that to happen. I am not sure the op is in that same sort of mindset.
ParticipantYeah we did very well on that Lago Di Grata flip but I am not sure as I would classify that as a nice home. That house easily could have used 100k in upgrades to make it comparable with other homes in the complex. You failed to mention the other comps in the complex to the poster. Feel free to do that as ours was well below market value and we still did good on that flip.
Did you also mention to the poster that the Lago Di Grata sale was a cash deal?
Probably not.
Looking at the current inventory on the MLS with respect to the requirements that the poster made, I will respectfully alter my statement. For instance there are several homes that are 3k sf and hovering in the 900k range so that is very much under 350 ppsf. So yeah I will backtrack on my statement and say you definitely can find a CV home for under 350 ppsf. As to the quality of the homes at 300 ppsf, in the 2500 to 3000 sf range, which is what you are referring to, your first listing is on Lopelia at a bit over 2500 sf (745k) and that is 287 ppsf. The rest of those sized homes under 1M range from 300 to 370 ppsf. The majority of those seem to be around 330 ppsf.
So yep you can get a nice one for under 350 ppsf. If you have enough patience you will see that come down.
ParticipantYeah we did very well on that Lago Di Grata flip but I am not sure as I would classify that as a nice home. That house easily could have used 100k in upgrades to make it comparable with other homes in the complex. You failed to mention the other comps in the complex to the poster. Feel free to do that as ours was well below market value and we still did good on that flip.
Did you also mention to the poster that the Lago Di Grata sale was a cash deal?
Probably not.
Looking at the current inventory on the MLS with respect to the requirements that the poster made, I will respectfully alter my statement. For instance there are several homes that are 3k sf and hovering in the 900k range so that is very much under 350 ppsf. So yeah I will backtrack on my statement and say you definitely can find a CV home for under 350 ppsf. As to the quality of the homes at 300 ppsf, in the 2500 to 3000 sf range, which is what you are referring to, your first listing is on Lopelia at a bit over 2500 sf (745k) and that is 287 ppsf. The rest of those sized homes under 1M range from 300 to 370 ppsf. The majority of those seem to be around 330 ppsf.
So yep you can get a nice one for under 350 ppsf. If you have enough patience you will see that come down.
ParticipantYeah we did very well on that Lago Di Grata flip but I am not sure as I would classify that as a nice home. That house easily could have used 100k in upgrades to make it comparable with other homes in the complex. You failed to mention the other comps in the complex to the poster. Feel free to do that as ours was well below market value and we still did good on that flip.
Did you also mention to the poster that the Lago Di Grata sale was a cash deal?
Probably not.
Looking at the current inventory on the MLS with respect to the requirements that the poster made, I will respectfully alter my statement. For instance there are several homes that are 3k sf and hovering in the 900k range so that is very much under 350 ppsf. So yeah I will backtrack on my statement and say you definitely can find a CV home for under 350 ppsf. As to the quality of the homes at 300 ppsf, in the 2500 to 3000 sf range, which is what you are referring to, your first listing is on Lopelia at a bit over 2500 sf (745k) and that is 287 ppsf. The rest of those sized homes under 1M range from 300 to 370 ppsf. The majority of those seem to be around 330 ppsf.
So yep you can get a nice one for under 350 ppsf. If you have enough patience you will see that come down.
ParticipantYeah we did very well on that Lago Di Grata flip but I am not sure as I would classify that as a nice home. That house easily could have used 100k in upgrades to make it comparable with other homes in the complex. You failed to mention the other comps in the complex to the poster. Feel free to do that as ours was well below market value and we still did good on that flip.
Did you also mention to the poster that the Lago Di Grata sale was a cash deal?
Probably not.
Looking at the current inventory on the MLS with respect to the requirements that the poster made, I will respectfully alter my statement. For instance there are several homes that are 3k sf and hovering in the 900k range so that is very much under 350 ppsf. So yeah I will backtrack on my statement and say you definitely can find a CV home for under 350 ppsf. As to the quality of the homes at 300 ppsf, in the 2500 to 3000 sf range, which is what you are referring to, your first listing is on Lopelia at a bit over 2500 sf (745k) and that is 287 ppsf. The rest of those sized homes under 1M range from 300 to 370 ppsf. The majority of those seem to be around 330 ppsf.
So yep you can get a nice one for under 350 ppsf. If you have enough patience you will see that come down.
ParticipantYeah we did very well on that Lago Di Grata flip but I am not sure as I would classify that as a nice home. That house easily could have used 100k in upgrades to make it comparable with other homes in the complex. You failed to mention the other comps in the complex to the poster. Feel free to do that as ours was well below market value and we still did good on that flip.
Did you also mention to the poster that the Lago Di Grata sale was a cash deal?
Probably not.
Looking at the current inventory on the MLS with respect to the requirements that the poster made, I will respectfully alter my statement. For instance there are several homes that are 3k sf and hovering in the 900k range so that is very much under 350 ppsf. So yeah I will backtrack on my statement and say you definitely can find a CV home for under 350 ppsf. As to the quality of the homes at 300 ppsf, in the 2500 to 3000 sf range, which is what you are referring to, your first listing is on Lopelia at a bit over 2500 sf (745k) and that is 287 ppsf. The rest of those sized homes under 1M range from 300 to 370 ppsf. The majority of those seem to be around 330 ppsf.
So yep you can get a nice one for under 350 ppsf. If you have enough patience you will see that come down.
Participantlepetit did you have your agent call the LA on this one? Kind of an interesting listing because the amount of debt held by the seller would imply a short sale however if they reduced the second loan balance then it will be a regular sale.
Anyways I don’t see you getting a view for 350 ppsf in CV. You will definitely see inventory at 350 ppsf though. You can even get a little bit below that but there will be a dropoff fast and they may not be of the quality with respect to proximity to backing up to busy streets and other issues like that. Especially with as many power lines as there are.
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