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Sunday, June 14th, 2009 at 2:33 PM

Leucadia Bungalow

You be the judge – is there an appetite for an 850sf bungalow at close to $1,000-per-sf on La Mesa, which is a couple of blocks from the cliff?

Just listed for $840,000 – and on a 3,920sf lot!

Posted on Sunday, June 14th, 2009 at 2:33 PM in Jim TV | 18 Comments » | Print Print You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Reader Comments: 18 Responses

  1. Yes, I’ll bet that sells within two months, at most.

    Check out all the flipper/specuvestors trying to get out on Neptune! :)

    CA renter | June 14th, 2009 at 2:38 pm

  2. Hey, that looks like a patio set I picked up at Ikea about, oh, 13 years ago (and donated to ACS about 9 years back). $1K/sf??? Hope those cookies have something a little “extra” in them to inspire would-be buyers. ;-)

    tj and the bear | June 14th, 2009 at 3:38 pm

  3. I think they must have buried $600,000 under the cracked driveway.

    doug r | June 14th, 2009 at 4:58 pm

  4. Sure, it’s worth it. With a sizable down payment you’d only have a house payment of $4500 or so. Of course, for no down payment and a monthly payment of $4000 you could rent a place three times as big and steps away from the beach.

    Wake me when it’s sane outside again.

    http://www.vacationhomerentals.com/vacation-rentals/Carlsbad-California-vacation-rental-home-proID-42369.html

    Average Joe | June 14th, 2009 at 5:09 pm

  5. Some of the details in the house are nice – very beachy – the outdoor shower is cool, the saltillo tile looks to be in great shape.

    I think this one will sell fairly fast given it’s location. It’s a nice house only 2 blocks to the beach. Not everyone’s lifestyle calls for 4000sf houses.

    UCGal | June 14th, 2009 at 5:21 pm

  6. UCGal,

    I can’t help but be curious what lifestyle involves big dollars for tiny homes.

    Jim,

    It’d be nice if you could include a link to a listing (or zillow / cyberhomes / redfin / etc.) whenever you profile a home. Those of us that aren’t exactly local could use it to get a better feel for the area.

    tj and the bear | June 14th, 2009 at 5:54 pm

  7. TJ – here’s the sdlookup link

    http://www.sdlookup.com/MLS-090033932-429_La_Mesa_Encinitas_CA_92024

    UCGal | June 14th, 2009 at 8:02 pm

  8. tj,

    I troll this area, and here are a few listings and recent sales that are much better for similar $.

    137 Cadmus
    418 Sylvia
    151 Rain Tree
    178 Rain Tree

    W.C. Varones | June 14th, 2009 at 8:46 pm

  9. Nutz!

    CB Mark | June 14th, 2009 at 8:59 pm

  10. What would that be in cost per steps to the beach?

    BottomFisher | June 14th, 2009 at 9:11 pm

  11. The first sentence on the sdlookup says: “May be the best buy in san diego!”
    Seriously, who writes this stuff? Oh yeah, the seller’s agent…

    Susie | June 14th, 2009 at 10:29 pm

  12. UCGal, WC, thanks for the links!

    Still all overpriced IMO, but if forced to choose I’d take 151 Rain Tree. Nice! La Mesa looks like nothing more than a cheap summer rental.

    tj and the bear | June 14th, 2009 at 10:43 pm

  13. I like the mix of vids from the cheapest to the overpriced. This is overpriced right?…..hell I don’t even know any more. Very odd choice of flooring in there. It’s funny when you go into stealth mode on the video and can’t say what you’re thinking. It’s like you become batman for a minute or two then flash back into classic JTR.

    mybleachhouse | June 14th, 2009 at 11:38 pm

  14. The comments are somehow turned off for your newest post.

    L A K E R S

    I called them winning in 5, which is why I’m a genius. I hope people don’t get too crazy up here tonight.

    Genius | June 14th, 2009 at 11:52 pm

  15. Jim,

    The “Shadow Tour” video’s great… when’s the post?

    tj and the bear | June 14th, 2009 at 11:58 pm

  16. Gosh, Jim, you missed pointing out the very “retro wall heater” and “charming pine cabinets.” I’m sure those two things make this worth $1000/sf. /snark off

    But it is all about location. And while I would NEVER pay that, it won’t surprise me when someone does.

    shoppingaround | June 15th, 2009 at 9:15 am

  17. I have to say I think it will sell too. It will appeal to: 1) Someone who wants to own, not rent; 2) someone who has lots of cash sitting around yet is a frugal person; 3) someone who doesn’t think they need (or outright don’t want) some big hulk of a place — too much maintenance and upkeep. I can imagine that appealing to some retired older couple who want a little place near the beach for the occasionally getaway, yet really want it to be their own place rather than a rental.

    Dwip | June 15th, 2009 at 11:18 am

  18. common sense check – i rent a place around the corner (5 min walk to beach), 3 times as big, legit ocean views with all new ‘stuff’, and the rent is probably about 1.5-2K a month cheaper than a 80% mortgage for this lil ‘apartment’.

    leucadiarenter | June 16th, 2009 at 8:13 am

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