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July 19, 2008 at 12:21 AM in reply to: What is the deal with Zillow.com? TG can you comment? #242688July 19, 2008 at 12:21 AM in reply to: What is the deal with Zillow.com? TG can you comment? #242697
temeculaguy
Participanthere is another example of a street in vintage circa 1991 about the same time yours was built, check out how well this hood has held up in 18 years. At the bottom there is agoogle street view, grab it and spin around and move up the street by clicking on the arrows, check out the yards after two downturns and 17 years, the $80 for the hoa is worth every penny. http://www.redfin.com/CA/Temecula/41775-Via-Balderama-92592/home/6230105
July 19, 2008 at 12:21 AM in reply to: What is the deal with Zillow.com? TG can you comment? #242752temeculaguy
Participanthere is another example of a street in vintage circa 1991 about the same time yours was built, check out how well this hood has held up in 18 years. At the bottom there is agoogle street view, grab it and spin around and move up the street by clicking on the arrows, check out the yards after two downturns and 17 years, the $80 for the hoa is worth every penny. http://www.redfin.com/CA/Temecula/41775-Via-Balderama-92592/home/6230105
July 19, 2008 at 12:21 AM in reply to: What is the deal with Zillow.com? TG can you comment? #242760temeculaguy
Participanthere is another example of a street in vintage circa 1991 about the same time yours was built, check out how well this hood has held up in 18 years. At the bottom there is agoogle street view, grab it and spin around and move up the street by clicking on the arrows, check out the yards after two downturns and 17 years, the $80 for the hoa is worth every penny. http://www.redfin.com/CA/Temecula/41775-Via-Balderama-92592/home/6230105
July 19, 2008 at 12:13 AM in reply to: What is the deal with Zillow.com? TG can you comment? #242540temeculaguy
Participantdharma, you can go travertine in Vintage, that is not a “pinto” area. I toured some back when they were built, while they lack some of the modern features, most were well built and no fill in from memory. Nice HOA and clubhouse, they won’t permit you to xeriscape the front, lawns are the law. Even though some were built during the downturn, I remember them to among a few that seemed unaffected due to location and yours was built before the downturn. You did well choosing that over sweetbriar, much quiter area, old school sized lots and mature landscaping and shade everywhere, much more dharma. You are right about being the closest tract to the wineries too, you could probably walk home drunk from thorntons. Did you get your hubby his 3 car garage, vintage even has some non tandem 4 car garages (oooohhh), this is a short that is 379k and a 4 car, total manpad. I’m pretty positive that vintage is “no live yarbirds” zone.
Also check out the flooring, custom stained concrete. I’ve never seen it in person but it sound like another testosterone invention. No grout, no stains, looks good, just hose down the house, saweeeeet.
http://www.redfin.com/CA/Temecula/41799-Camino-de-la-Torre-92592/home/6229791
July 19, 2008 at 12:13 AM in reply to: What is the deal with Zillow.com? TG can you comment? #242678temeculaguy
Participantdharma, you can go travertine in Vintage, that is not a “pinto” area. I toured some back when they were built, while they lack some of the modern features, most were well built and no fill in from memory. Nice HOA and clubhouse, they won’t permit you to xeriscape the front, lawns are the law. Even though some were built during the downturn, I remember them to among a few that seemed unaffected due to location and yours was built before the downturn. You did well choosing that over sweetbriar, much quiter area, old school sized lots and mature landscaping and shade everywhere, much more dharma. You are right about being the closest tract to the wineries too, you could probably walk home drunk from thorntons. Did you get your hubby his 3 car garage, vintage even has some non tandem 4 car garages (oooohhh), this is a short that is 379k and a 4 car, total manpad. I’m pretty positive that vintage is “no live yarbirds” zone.
Also check out the flooring, custom stained concrete. I’ve never seen it in person but it sound like another testosterone invention. No grout, no stains, looks good, just hose down the house, saweeeeet.
http://www.redfin.com/CA/Temecula/41799-Camino-de-la-Torre-92592/home/6229791
July 19, 2008 at 12:13 AM in reply to: What is the deal with Zillow.com? TG can you comment? #242687temeculaguy
Participantdharma, you can go travertine in Vintage, that is not a “pinto” area. I toured some back when they were built, while they lack some of the modern features, most were well built and no fill in from memory. Nice HOA and clubhouse, they won’t permit you to xeriscape the front, lawns are the law. Even though some were built during the downturn, I remember them to among a few that seemed unaffected due to location and yours was built before the downturn. You did well choosing that over sweetbriar, much quiter area, old school sized lots and mature landscaping and shade everywhere, much more dharma. You are right about being the closest tract to the wineries too, you could probably walk home drunk from thorntons. Did you get your hubby his 3 car garage, vintage even has some non tandem 4 car garages (oooohhh), this is a short that is 379k and a 4 car, total manpad. I’m pretty positive that vintage is “no live yarbirds” zone.
Also check out the flooring, custom stained concrete. I’ve never seen it in person but it sound like another testosterone invention. No grout, no stains, looks good, just hose down the house, saweeeeet.
http://www.redfin.com/CA/Temecula/41799-Camino-de-la-Torre-92592/home/6229791
July 19, 2008 at 12:13 AM in reply to: What is the deal with Zillow.com? TG can you comment? #242742temeculaguy
Participantdharma, you can go travertine in Vintage, that is not a “pinto” area. I toured some back when they were built, while they lack some of the modern features, most were well built and no fill in from memory. Nice HOA and clubhouse, they won’t permit you to xeriscape the front, lawns are the law. Even though some were built during the downturn, I remember them to among a few that seemed unaffected due to location and yours was built before the downturn. You did well choosing that over sweetbriar, much quiter area, old school sized lots and mature landscaping and shade everywhere, much more dharma. You are right about being the closest tract to the wineries too, you could probably walk home drunk from thorntons. Did you get your hubby his 3 car garage, vintage even has some non tandem 4 car garages (oooohhh), this is a short that is 379k and a 4 car, total manpad. I’m pretty positive that vintage is “no live yarbirds” zone.
Also check out the flooring, custom stained concrete. I’ve never seen it in person but it sound like another testosterone invention. No grout, no stains, looks good, just hose down the house, saweeeeet.
http://www.redfin.com/CA/Temecula/41799-Camino-de-la-Torre-92592/home/6229791
July 19, 2008 at 12:13 AM in reply to: What is the deal with Zillow.com? TG can you comment? #242750temeculaguy
Participantdharma, you can go travertine in Vintage, that is not a “pinto” area. I toured some back when they were built, while they lack some of the modern features, most were well built and no fill in from memory. Nice HOA and clubhouse, they won’t permit you to xeriscape the front, lawns are the law. Even though some were built during the downturn, I remember them to among a few that seemed unaffected due to location and yours was built before the downturn. You did well choosing that over sweetbriar, much quiter area, old school sized lots and mature landscaping and shade everywhere, much more dharma. You are right about being the closest tract to the wineries too, you could probably walk home drunk from thorntons. Did you get your hubby his 3 car garage, vintage even has some non tandem 4 car garages (oooohhh), this is a short that is 379k and a 4 car, total manpad. I’m pretty positive that vintage is “no live yarbirds” zone.
Also check out the flooring, custom stained concrete. I’ve never seen it in person but it sound like another testosterone invention. No grout, no stains, looks good, just hose down the house, saweeeeet.
http://www.redfin.com/CA/Temecula/41799-Camino-de-la-Torre-92592/home/6229791
July 17, 2008 at 10:24 PM in reply to: What is the deal with Zillow.com? TG can you comment? #241566temeculaguy
Participantyour are right coop, but when you think of all the data, odds are an employee of zillow has never looked at it, they try but they are not a buyer and the buyers set the price in any market. In a few months, the shorts will close and zillow will adjust, it just takes months. I see almost every well priced home in my area that is getting visits from buyers is priced 20-50% below the zestimate, those listed at or near the zestimate, don’t get any shoppers.
dharma- a “fill in tract” is one that was not planned but when the market crashes and a tract goes belly up without finishing and another builder comes in and buys the remaining lots cheap and “fills” them in with homes. Sometimes they look nothing like the others, sometimes they try to match them but they often change them to what is selling. It hasn’t become prevalent in this market yet but it will happen. Last time around it happened at every tract that folded. It causes heartburn with the existing owners when the “fill ins” are much smaller. In sweetbriar’s case, I don’t remember if the same builder did it or another did it but I’m pretty sure the plan wasn’t to build a single street of 15 homes on giant lots within a tract of a few hundred small lots. Rori isn’t ghetto but it’s 15 years old and they are small (some are 1000 sq ft 3 br, those are crampt). Older tracts with tiny bedrooms tend to get outgrown and are kept by the owners as rentals, putting 1/2 to 1 acre lots in the middle of that is odd. There is a rule regarding real estate and outclassing the neighborhood in size or upgrades, it holds back value. An analogy is putting expensive rims on a pinto, it’s better to just buy a better car and have cheap rims. People buy the neighborhood as much as they buy the house. Also 2100 sq ft on an acre not zoned for horses is a poor match in Temecula (an acre of lawn in a desert is not wise), 2100 sq ft is an alley home or a psuedo condo here, anything on more than a 1/2 acre needs to be 3000 sq ft for the masses. Same goes for a 2500 sq ft 2br (which ive seen). Someone might want that but out of a hundred buyers, maybe two want it.
The only thing I can say is that residents must love it because out of the 12 or so homes, I could only find one that wasn’t an owner since 1994, which means people like living there, it’s an anomaly and zillow has a hard time with those.
July 17, 2008 at 10:24 PM in reply to: What is the deal with Zillow.com? TG can you comment? #241704temeculaguy
Participantyour are right coop, but when you think of all the data, odds are an employee of zillow has never looked at it, they try but they are not a buyer and the buyers set the price in any market. In a few months, the shorts will close and zillow will adjust, it just takes months. I see almost every well priced home in my area that is getting visits from buyers is priced 20-50% below the zestimate, those listed at or near the zestimate, don’t get any shoppers.
dharma- a “fill in tract” is one that was not planned but when the market crashes and a tract goes belly up without finishing and another builder comes in and buys the remaining lots cheap and “fills” them in with homes. Sometimes they look nothing like the others, sometimes they try to match them but they often change them to what is selling. It hasn’t become prevalent in this market yet but it will happen. Last time around it happened at every tract that folded. It causes heartburn with the existing owners when the “fill ins” are much smaller. In sweetbriar’s case, I don’t remember if the same builder did it or another did it but I’m pretty sure the plan wasn’t to build a single street of 15 homes on giant lots within a tract of a few hundred small lots. Rori isn’t ghetto but it’s 15 years old and they are small (some are 1000 sq ft 3 br, those are crampt). Older tracts with tiny bedrooms tend to get outgrown and are kept by the owners as rentals, putting 1/2 to 1 acre lots in the middle of that is odd. There is a rule regarding real estate and outclassing the neighborhood in size or upgrades, it holds back value. An analogy is putting expensive rims on a pinto, it’s better to just buy a better car and have cheap rims. People buy the neighborhood as much as they buy the house. Also 2100 sq ft on an acre not zoned for horses is a poor match in Temecula (an acre of lawn in a desert is not wise), 2100 sq ft is an alley home or a psuedo condo here, anything on more than a 1/2 acre needs to be 3000 sq ft for the masses. Same goes for a 2500 sq ft 2br (which ive seen). Someone might want that but out of a hundred buyers, maybe two want it.
The only thing I can say is that residents must love it because out of the 12 or so homes, I could only find one that wasn’t an owner since 1994, which means people like living there, it’s an anomaly and zillow has a hard time with those.
July 17, 2008 at 10:24 PM in reply to: What is the deal with Zillow.com? TG can you comment? #241712temeculaguy
Participantyour are right coop, but when you think of all the data, odds are an employee of zillow has never looked at it, they try but they are not a buyer and the buyers set the price in any market. In a few months, the shorts will close and zillow will adjust, it just takes months. I see almost every well priced home in my area that is getting visits from buyers is priced 20-50% below the zestimate, those listed at or near the zestimate, don’t get any shoppers.
dharma- a “fill in tract” is one that was not planned but when the market crashes and a tract goes belly up without finishing and another builder comes in and buys the remaining lots cheap and “fills” them in with homes. Sometimes they look nothing like the others, sometimes they try to match them but they often change them to what is selling. It hasn’t become prevalent in this market yet but it will happen. Last time around it happened at every tract that folded. It causes heartburn with the existing owners when the “fill ins” are much smaller. In sweetbriar’s case, I don’t remember if the same builder did it or another did it but I’m pretty sure the plan wasn’t to build a single street of 15 homes on giant lots within a tract of a few hundred small lots. Rori isn’t ghetto but it’s 15 years old and they are small (some are 1000 sq ft 3 br, those are crampt). Older tracts with tiny bedrooms tend to get outgrown and are kept by the owners as rentals, putting 1/2 to 1 acre lots in the middle of that is odd. There is a rule regarding real estate and outclassing the neighborhood in size or upgrades, it holds back value. An analogy is putting expensive rims on a pinto, it’s better to just buy a better car and have cheap rims. People buy the neighborhood as much as they buy the house. Also 2100 sq ft on an acre not zoned for horses is a poor match in Temecula (an acre of lawn in a desert is not wise), 2100 sq ft is an alley home or a psuedo condo here, anything on more than a 1/2 acre needs to be 3000 sq ft for the masses. Same goes for a 2500 sq ft 2br (which ive seen). Someone might want that but out of a hundred buyers, maybe two want it.
The only thing I can say is that residents must love it because out of the 12 or so homes, I could only find one that wasn’t an owner since 1994, which means people like living there, it’s an anomaly and zillow has a hard time with those.
July 17, 2008 at 10:24 PM in reply to: What is the deal with Zillow.com? TG can you comment? #241766temeculaguy
Participantyour are right coop, but when you think of all the data, odds are an employee of zillow has never looked at it, they try but they are not a buyer and the buyers set the price in any market. In a few months, the shorts will close and zillow will adjust, it just takes months. I see almost every well priced home in my area that is getting visits from buyers is priced 20-50% below the zestimate, those listed at or near the zestimate, don’t get any shoppers.
dharma- a “fill in tract” is one that was not planned but when the market crashes and a tract goes belly up without finishing and another builder comes in and buys the remaining lots cheap and “fills” them in with homes. Sometimes they look nothing like the others, sometimes they try to match them but they often change them to what is selling. It hasn’t become prevalent in this market yet but it will happen. Last time around it happened at every tract that folded. It causes heartburn with the existing owners when the “fill ins” are much smaller. In sweetbriar’s case, I don’t remember if the same builder did it or another did it but I’m pretty sure the plan wasn’t to build a single street of 15 homes on giant lots within a tract of a few hundred small lots. Rori isn’t ghetto but it’s 15 years old and they are small (some are 1000 sq ft 3 br, those are crampt). Older tracts with tiny bedrooms tend to get outgrown and are kept by the owners as rentals, putting 1/2 to 1 acre lots in the middle of that is odd. There is a rule regarding real estate and outclassing the neighborhood in size or upgrades, it holds back value. An analogy is putting expensive rims on a pinto, it’s better to just buy a better car and have cheap rims. People buy the neighborhood as much as they buy the house. Also 2100 sq ft on an acre not zoned for horses is a poor match in Temecula (an acre of lawn in a desert is not wise), 2100 sq ft is an alley home or a psuedo condo here, anything on more than a 1/2 acre needs to be 3000 sq ft for the masses. Same goes for a 2500 sq ft 2br (which ive seen). Someone might want that but out of a hundred buyers, maybe two want it.
The only thing I can say is that residents must love it because out of the 12 or so homes, I could only find one that wasn’t an owner since 1994, which means people like living there, it’s an anomaly and zillow has a hard time with those.
July 17, 2008 at 10:24 PM in reply to: What is the deal with Zillow.com? TG can you comment? #241768temeculaguy
Participantyour are right coop, but when you think of all the data, odds are an employee of zillow has never looked at it, they try but they are not a buyer and the buyers set the price in any market. In a few months, the shorts will close and zillow will adjust, it just takes months. I see almost every well priced home in my area that is getting visits from buyers is priced 20-50% below the zestimate, those listed at or near the zestimate, don’t get any shoppers.
dharma- a “fill in tract” is one that was not planned but when the market crashes and a tract goes belly up without finishing and another builder comes in and buys the remaining lots cheap and “fills” them in with homes. Sometimes they look nothing like the others, sometimes they try to match them but they often change them to what is selling. It hasn’t become prevalent in this market yet but it will happen. Last time around it happened at every tract that folded. It causes heartburn with the existing owners when the “fill ins” are much smaller. In sweetbriar’s case, I don’t remember if the same builder did it or another did it but I’m pretty sure the plan wasn’t to build a single street of 15 homes on giant lots within a tract of a few hundred small lots. Rori isn’t ghetto but it’s 15 years old and they are small (some are 1000 sq ft 3 br, those are crampt). Older tracts with tiny bedrooms tend to get outgrown and are kept by the owners as rentals, putting 1/2 to 1 acre lots in the middle of that is odd. There is a rule regarding real estate and outclassing the neighborhood in size or upgrades, it holds back value. An analogy is putting expensive rims on a pinto, it’s better to just buy a better car and have cheap rims. People buy the neighborhood as much as they buy the house. Also 2100 sq ft on an acre not zoned for horses is a poor match in Temecula (an acre of lawn in a desert is not wise), 2100 sq ft is an alley home or a psuedo condo here, anything on more than a 1/2 acre needs to be 3000 sq ft for the masses. Same goes for a 2500 sq ft 2br (which ive seen). Someone might want that but out of a hundred buyers, maybe two want it.
The only thing I can say is that residents must love it because out of the 12 or so homes, I could only find one that wasn’t an owner since 1994, which means people like living there, it’s an anomaly and zillow has a hard time with those.
temeculaguy
Participantdharma, I can tell you that in our valley, zillow is almost always high, the market is falling too fast for it to catch up. Sweetbrier is a very unique situation, not sure if zillow’s formula can capture the prices. It was a fill in tract in 1994 as roripaugh was closing out or going under. Houses were similar or the same as the tract homes surrounding it but those are all on giant lots 20k to 40k sq ft, with the same floorplans as the postage stamp lots surrounding them. They did have more garages, 3 or 4 car and people have added to them or added structures. They are all about 2100 sq ft, which is on the small side for the amount of land but when they were built the market was incredibly competative. Personally I wouldn’t buy anything out here built from 1994 to 1997, they needed to save every nickel and did. Those all sold for about 180k in 1994 and almost all of the houses show on zillow as the original owners (which makes it harder for zillow to comp). They also have model matches in the regular part of the tract that are old, small, dated and nothing there is worth more than 300k, so their identical twins on land are hard to assign a value to. Plus in their backyard are true customs, 3500-4000 sq ft newer upscale places on an acre that are priced double. There is no access from the customs to sweetbriar, they are permanently relegated to being landlocked with small 1000-1500 sq ft older homes that are primarily rentals, that hurts them. If you actually look at them up close they are well cared for, have massive landscape work, all have pools, etc. I’d say 350-450k based on what was done and how big of a lot. The 450k is probably too high for a house that small in our valley, even though they have giant lots, they aren’t similar to customs, no horses, no grapes, it’s just giant backyards. Roripaugh is a lower end development and that will always keep those down, plus little houses on an acre that can’t be farmed and is within an hoa have a small market to draw from. Less than 400k is my best guess. All the other house on that street are zillowed in the high 3’s, low 4’s, only that house is higher because it sold recently, zillows formula uses last sale and then the percentage trend since then, that is why it is zillowed at 50% more than every other house on the street and that is zillows greatest weakness.
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