[sd_resident]

This house closed for $770k well above its asking price. Was this soil compaction issue only seen on the 2 cul-de-sac streets of Lone Bluff Way and Lone Bluff Ct? Were the houses in the vicinity especially those on Lone Bluff Dr and Lone Bluff St affected?

[sd_resident]

Another stonebridge house closes for $177 per sq ft.
http://www.sdlookup.com/MLS-110060725-12885_Starwood_Ln_San_Diego_CA_92131

This one closed for the same price couple of months ago
http://www.sdlookup.com/MLS-110061487-12884_Starwood_Ln_San_Diego_CA_92131

Considering these recent sales, wondering why asking price of this house is $89k more? It shows better than the ones recently sold, but has much smaller backyard. Even though it’s not as close to Pomerado Rd, is it worth $89k more? Comments?
http://www.sdlookup.com/MLS-120019784-12841_Starwood_Ln_San_Diego_CA_92131

[sd_resident]

Flu

HOA is $179. MR is $423/Mo.

[sd_resident]

This recently sold house shows a decline of 34% from Summer 2005. $ per Sq. Ft. price is $177.
http://www.sdlookup.com/MLS-110061487-12884_Starwood_Ln_San_Diego_CA_92131

Has Stonebridge reached it’s bottom yet? I am trying to understand why it’s avg $ per Sq. Ft. price is much below older Scripps Ranch especially Scripps Highlands area. Compared to 4S Ranch, I like it’s proximity to Sorrento Valley where I work. Access to areas like Poway and Mira Mesa makes it convenient for shopping (Costco, Kohls, Home Depot etc) and entertainment/dining. Backyards are also much bigger than most of the houses in 4S. 4S has a community feel though and schools are closer as compared to Stonebridge.

[sd_resident]

Accidentally replied twice..

[sd_resident]

Accidentally replied twice..

[sd_resident]

Accidentally replied twice..

[sd_resident]

Thanks all for your inputs.

Here are some points missing from my original post.

The equity estimate is based on most recent comps. In the past 2 months, three houses with exactly the same floorplan were sold for $550K, $555K and $567K (larger backyard). MLS shows 1 house pending (asking price $575K). Based on these comps, our home seems to be worth $550K (I am taking lowest of these comps although we have put in some upgrades).
Prices in my neighborhood have come down by 10% from the peak (summer 2005). I’ve considered 8% of selling price as costs (6% for agents, 1% closing costs, 1% for misc).

We have a 30yr fixed loan, so the $2K monthly cost is pretty much guaranteed for next 30 yrs if we stay put in current house (exceptions: small increments in PTax, Ins & HOA).

If we don’t sell now, our concern is we might loose a big opportunity to cash out and invest it somewhere else rather than loosing equity.

[sd_resident]

Thanks all for your inputs.

Here are some points missing from my original post.

The equity estimate is based on most recent comps. In the past 2 months, three houses with exactly the same floorplan were sold for $550K, $555K and $567K (larger backyard). MLS shows 1 house pending (asking price $575K). Based on these comps, our home seems to be worth $550K (I am taking lowest of these comps although we have put in some upgrades).
Prices in my neighborhood have come down by 10% from the peak (summer 2005). I’ve considered 8% of selling price as costs (6% for agents, 1% closing costs, 1% for misc).

We have a 30yr fixed loan, so the $2K monthly cost is pretty much guaranteed for next 30 yrs if we stay put in current house (exceptions: small increments in PTax, Ins & HOA).

If we don’t sell now, our concern is we might loose a big opportunity to cash out and invest it somewhere else rather than loosing equity.

[sd_resident]

Thanks all for your inputs.

Here are some points missing from my original post.

The equity estimate is based on most recent comps. In the past 2 months, three houses with exactly the same floorplan were sold for $550K, $555K and $567K (larger backyard). MLS shows 1 house pending (asking price $575K). Based on these comps, our home seems to be worth $550K (I am taking lowest of these comps although we have put in some upgrades).
Prices in my neighborhood have come down by 10% from the peak (summer 2005). I’ve considered 8% of selling price as costs (6% for agents, 1% closing costs, 1% for misc).

We have a 30yr fixed loan, so the $2K monthly cost is pretty much guaranteed for next 30 yrs if we stay put in current house (exceptions: small increments in PTax, Ins & HOA).

If we don’t sell now, our concern is we might loose a big opportunity to cash out and invest it somewhere else rather than loosing equity.

[sd_resident]

Submitted by what_a_disasta on June 10, 2007 – 4:05pm.
32, married, no kids. We do not need to work anymore as our investment dividends yield more than enough to live off.

Thats awesome what_a_disasta! How did you manage it at such young age? Could you please share your investment ideas?

[sd_resident]

Submitted by what_a_disasta on June 10, 2007 – 4:05pm.
32, married, no kids. We do not need to work anymore as our investment dividends yield more than enough to live off.

Thats awesome what_a_disasta! How did you manage it at such young age? Could you please share your investment ideas?

[sd_resident]

Submitted by Shawny on June 8, 2007 – 11:03pm.
Me = $335K, girlfriend = $65K.

shawny,

wow. don’t mind me asking…what do u do for living?

[sd_resident]

Submitted by Shawny on June 8, 2007 – 11:03pm.
Me = $335K, girlfriend = $65K.

shawny,

wow. don’t mind me asking…what do u do for living?

[Author]

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