Monday, October 5th, 2009 at 11:23 AM
Carlsbad REO Contest
The REO on Buena Vista hasn’t hit the open market yet, but should be soon.
Take a guess at what it’ll sell for in the comment section – here’s a youtube tour:
Posted on Monday, October 5th, 2009 at 11:23 AM in Contests, Jim TV | 114 Comments » | 
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$655,000
Jason | October 5th, 2009 at 11:40 am$679,500.
osidecompass | October 5th, 2009 at 11:55 am$540,000
jeff horwitz | October 5th, 2009 at 11:57 am$575K
Susan | October 5th, 2009 at 11:58 am$567,890
4s Renter | October 5th, 2009 at 12:02 pm$675,000
sdnerd | October 5th, 2009 at 12:03 pm$625,000.
Shawn | October 5th, 2009 at 12:07 pm$700,000
Katella | October 5th, 2009 at 12:10 pm$627K
propertysearch | October 5th, 2009 at 12:14 pm$595K
Dave | October 5th, 2009 at 12:18 pm$647,500.
Just curious – what was the square footage of that back unit? It was TINY. Did it have a bathroom? It could be used as an office, maybe… but without a bathroom, it would be hard to have a family member out there. And even the downstairs bed/bath wasn’t very accessible if the elderly parent uses a walker or wheelchair. It looked pretty tight/hard to maneuver.
UCGal | October 5th, 2009 at 12:20 pm722K
dwr | October 5th, 2009 at 12:23 pmHumm.. If it sells within a month, $685k…
ucodegen | October 5th, 2009 at 12:32 pm$631k
Kingside | October 5th, 2009 at 12:51 pmOMG hardwood, granite!!
$587.500
Downturn | October 5th, 2009 at 12:57 pm$591,000
bobfather99 | October 5th, 2009 at 12:58 pm$697
NateTG | October 5th, 2009 at 1:06 pm643,750
Al in IC | October 5th, 2009 at 1:08 pm$539,500.
MDS | October 5th, 2009 at 1:24 pm$608,000
bill wilson | October 5th, 2009 at 1:43 pm$589,750
3clicks from da beach | October 5th, 2009 at 2:05 pm710K
Pigpen | October 5th, 2009 at 2:13 pm$735
SD_Coastal | October 5th, 2009 at 2:17 pmJTR, the granny flat had to be built SANS permits. It looks like a death trap. I can’t imagine inspectors allowing this sale with the back place in the condition it is.
Cheers,
Pigpen | October 5th, 2009 at 2:21 pmPigpen
$615.5K
srv | October 5th, 2009 at 3:03 pm724,500.00
ARK | October 5th, 2009 at 3:13 pm$661,000
JK | October 5th, 2009 at 3:13 pm$744,000.
chetatkins | October 5th, 2009 at 3:21 pm669,000
bklyn2vegas | October 5th, 2009 at 3:28 pm$666,666
(I think it would have been worth more without the deathtrap back garage unit thing)
cara | October 5th, 2009 at 3:33 pm$659,900
Goldwater's Ghost | October 5th, 2009 at 3:40 pmIn true The Price Is Right Style….$1
clearfund | October 5th, 2009 at 4:14 pm$1
shadash | October 5th, 2009 at 4:24 pm$777,777
JAP | October 5th, 2009 at 4:35 pm$677,777
The extra 7′s are for the dual swimming pools. Overall the interior looks alot better than I expected. Why would the bank turn down a mid-600s short sale then auction it for low 500s?
BTW Jim, I was in the area a couple of days after your original post, so I decided to drive by. Did you notice the ‘unique’ landscaping a few doors down at the corner of Buena Vista and Jefferson? I snapped a couple photos with my phone:
image 1
image 2
That turret is not for fending off insurgents, but pirates!
osidebuyer | October 5th, 2009 at 4:59 pm>>>>>>>>>> $597,000 <<<<<
OCVulture | October 5th, 2009 at 5:05 pm$699,999
DDH MN | October 5th, 2009 at 5:29 pm$709,000
Mike | October 5th, 2009 at 5:42 pm$685K
François Caron | October 5th, 2009 at 5:45 pmI’ll hold my nose and say $619K.
tj & the bear | October 5th, 2009 at 5:51 pm$654,500.00
cheryl | October 5th, 2009 at 6:13 pm$570,000
phil ne | October 5th, 2009 at 6:18 pm$703,000.
Blissful Ignoramus | October 5th, 2009 at 6:27 pm618K
dejams | October 5th, 2009 at 6:28 pm$649,900
Wassup | October 5th, 2009 at 6:29 pm$735,250
Eric | October 5th, 2009 at 6:35 pm687K
kkman | October 5th, 2009 at 6:47 pm$721,000.
I’d hit that with an FHA loan and 3.5% down, 2% of which I’d get kicked back from Redfin and another 1% of which I’d get from the homebuyer tax credit (soon to be doubled to $15k or 2%). Throw in some mortgage broker kickbacks and they’re actually paying me to take this house, and the taxpayer bears all the risk if the market doesn’t rebound and I decide to walk away.
Just kidding about the Redfin, Jim. You’re the man.
W.C. Varones | October 5th, 2009 at 7:11 pmDamned if V.C. Varones isn’t right, so I’m gonna apply the screw job: $720K.
HAHAHAHAHA.
DCRogers | October 5th, 2009 at 7:14 pm$620,000.
I like the house and if we were in the market right now, I’d at least tour it. Anything under $00K is a pretty good deal. Anything under $550K is an excellent deal.
-Erica
Erica Douglass | October 5th, 2009 at 8:27 pmer, last post “$00K” should say “$600K” — Jim, while you’re installing spam filters, can you install the WP AJAX Edit Comments plugin as well?
-Erica
Erica Douglass | October 5th, 2009 at 8:29 pmI’ll go with the Redfin sale average $589,000
doug r | October 5th, 2009 at 9:01 pm653
Mario Rizzi | October 5th, 2009 at 9:04 pm$612,500
jbirdfunk | October 5th, 2009 at 9:12 pmThat house has intrigued me for awhile. I think I saw it when it was listed for sale, last year? Or the year before? Anyway, it was very nicely decorated or “staged” and it looked like the owners maintained it. Did I miss the 3rd bedroom? master up, 1 down, where is the other?
Erin | October 5th, 2009 at 9:17 pm$728,500
Franklin | October 5th, 2009 at 9:18 pmOh great, Erica and dejams have me boxed into a $1K range. My chances of being that accurate are about as good as agreeing with Mozart.
tj & the bear | October 5th, 2009 at 9:24 pm637K
aljanet | October 5th, 2009 at 9:39 pm$750k.
Here’s to all the buyers with 2 mother in laws.
ChrisG | October 5th, 2009 at 9:44 pmThere are two bedrooms downstairs, and the ‘dining room’ looks like it was a third down originally, now opened up on two sides.
Jim the Realtor | October 5th, 2009 at 10:13 pm$599,000
Hate to admit it, but I actually like the pirate theme. Bet they’re fun neighbors! LOL!
CA renter | October 5th, 2009 at 10:19 pm$671,000
Gunny | October 5th, 2009 at 10:20 pm$626,626
Lqt | October 5th, 2009 at 10:42 pmI pulled that offer as a short sale when I closed on another place – it was higher than I wanted to spend but the lowest number I thought the bank might take.
Lqt | October 5th, 2009 at 11:05 pm$680,000
CVMan | October 5th, 2009 at 11:15 pm$580,000
newcomer | October 5th, 2009 at 11:48 pm$595,631
IRE | October 6th, 2009 at 12:44 am$745.00
Miss Lace | October 6th, 2009 at 12:47 amThat house is hitting the market just in time for Halloween. I for one am frightened.
$619,863.47
Genius | October 6th, 2009 at 2:24 am$658,000
PS Slow to respond…traveling in New England right now watching fall colors
REB | October 6th, 2009 at 5:19 am$723,000
ice weasel | October 6th, 2009 at 6:20 am$631,500. (I wanted 666 but was too slow)
Rob Dawg | October 6th, 2009 at 7:10 am799k
Stock market at 10,000 by weeks end and Jumbo’s at 6%…party on!
doughboy | October 6th, 2009 at 7:24 am$646,900. It’s the average of all entries excluding the $1 comments and TJ who it is good to ignore in any case.
Mozart | October 6th, 2009 at 7:43 am$602k, bob
dafox | October 6th, 2009 at 7:46 am$646,900. It’s the average of all entries excluding the $1 comments……..
Then it is great to know that my number is $57K below average. And as a side note, I saw this book in the back of Realtards car recently – The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty. Well, that person can take the book and at put it where the sun doesn’t shine.
3clicks from da beach | October 6th, 2009 at 8:47 am$655,000
LC Jim | October 6th, 2009 at 8:49 amI’m missing the letter ‘a’ before ‘Realtard’ in my previous post (no, it wasn’t in the back of an old Chevy or MBZ).
3clicks from da beach | October 6th, 2009 at 8:49 am$685,000
3 Kings | October 6th, 2009 at 8:53 am$580,100
bubblenerd | October 6th, 2009 at 10:08 am$652,500
Blue Streak | October 6th, 2009 at 10:09 am617,500
Wazzup! Not that it’s worth it.
Chuck Ponzi | October 6th, 2009 at 10:09 am$618,520
CDunk | October 6th, 2009 at 10:32 am$645,550
Singularity05 | October 6th, 2009 at 10:38 am$639,000
Erin | October 6th, 2009 at 10:48 am698K
Daveg | October 6th, 2009 at 10:55 am719500!
Scott | October 6th, 2009 at 11:36 am$605k
The Blur | October 6th, 2009 at 11:41 amIn the 7′s?!?! Are you f&*(ing kidding me?? Have you seen the neighborhood?
Anonymous | October 6th, 2009 at 11:42 amA correction to my bid. Ucodegen had already posted the price of $685K. (3 Kings, you also posted $685).
So I’ll change my bid to $686 instead.
François Caron | October 6th, 2009 at 12:23 pmA correction to my correction.
That’s $685K, not $685.
Jim, I might need you to proofread my contracts!
François Caron | October 6th, 2009 at 12:24 pmThird correction. $686K, not $685K.
Two huge cups of coffee will do that to you.
François Caron | October 6th, 2009 at 12:26 pm$2!
Two Buck Chuck | October 6th, 2009 at 12:34 pmcewl, free lottery – nothing to lose here…
I´d guess it sold in the low 600 – lets pick a number noone had… 609.997 USD
I´d never have paid even 530k for the house btw.
But with people being afraid of inflation, dollar doom talk going around and tax credit as cherry on the cake – well, just grab it no matter where the price lies. The ocean view should have some value @ least…
KBX | October 6th, 2009 at 1:37 pm$616,500
CB Mark | October 6th, 2009 at 2:16 pm$689,000
Happs | October 6th, 2009 at 3:26 pm” In the 7’s?!?! Are you f&*(ing kidding me?? Have you seen the neighborhood? ”
That’s what I’ve been saying about ALL California RE for years.
Franklin | October 6th, 2009 at 4:28 pmFranklin – yes, CA real estate is kinda coo-coo. HOWEVER, this house, as much as I adore it personally (bank almost took my short sale offer if you want to believe the listing broker), it just isn’t worth more than low 6′s, and that’s pushing it given the immediate neighborhood and vicinity to the freeway. The granny flat in the back is not permitted as such, either, so it can’t be considered official living space. I am VERY curious what the squalor parlor across the street is going to be in the near future since it recently changed hands… even with all the village redevelopment, this road is not here or there for an R1, which is what this is.
LQT | October 6th, 2009 at 5:14 pm800k lol, the extra 200k is because of the love
Shii | October 6th, 2009 at 10:05 pmWow, this makes the 100th comment. Is that a record?
p.s.: People keep tightening the noose around my guess. Argh!!! I wanted a t-shirt!
tj & the bear | October 6th, 2009 at 10:17 pm$651,000 . Late to this match
Knockout | October 6th, 2009 at 10:41 pmI went 799k as a joke and now we have 800k! Its a virtual auction!
In this heated market you just never know who wants to live in the Olde Karlsbad barrio and at what price they will pay to be walking distance to Henessey’s tavern!
102 comments
its a record!
doughboy | October 7th, 2009 at 7:34 am$580,000.
culturaloddity | October 7th, 2009 at 5:57 pmCould it be….
[raises pinky to mouth]
…one MILLION dollars?!?
/dr. evil
Captain Obviousness | October 7th, 2009 at 7:18 pm632,000
TomL | October 7th, 2009 at 7:52 pm642,500
Jay | October 7th, 2009 at 8:10 pmSo, when do we find out who the winner is ?
Franklin | October 8th, 2009 at 8:26 am$638,090!
Yippee, a Jtr video, a contest, and a record-breaking 106 comments so far! *Chuckle* I feel like I’ve won the real estate lottery already–even though I live nowhere near SD.
What would I do if I won? Add it to my 20% down payment to a 30-year fixed—that’s if I can find my house AND financing.
Susie | October 8th, 2009 at 8:29 am575,900
Yknaught | October 8th, 2009 at 9:10 am$660,000
Law | October 8th, 2009 at 1:10 pm625,500
all these number still seem CRAZY to me. but I guess that the world still is crazy. you look on zillow back 10 years on ANY house in socali and you see where the start price should be. then add 5 percent a year for 10 years to get the real honest fair value for any of these houses in socal. that means my lil townhouse bought exactly 10 years ago new in carlsbad at 150,000 would be selling for just under 250,000 today. the last one to sell (in 1 day) about a month ago sold for over 400,000. 400k-250k = the amount the market is STILL overpriced. and 5 percent a year is a very very generous appreciation rate (have all of you gotten 5 percent raises at your jobs each year for 10 years?) do you still HAVE your job??
if Jim is the realist I guess I am the ULTRA realist.
dave b | October 9th, 2009 at 10:01 am632,000
SDAndy | October 11th, 2009 at 2:33 pmI will change that to 635,000 since 632K already taken
SDAndy | October 11th, 2009 at 2:34 pm650,000
mtb | October 15th, 2009 at 2:30 pm