Wednesday, January 4th, 2012 at 8:51 PM
New REO Contest
Today I was on the first broker preview of the year (filming “Ride Along with JtR”), when I came across this REO in Del Mar Heights. The assistant was running open house, and said it had just been inputted onto the MLS – but it’s not on the open market as of this printing.
I think she said that the price will be $1,749,000 – it was listed for $3,295,000 in summer of 2010.
It has its quirks, and could sit for weeks or months without selling. But we saw how hot the 92014 has been lately (2011 sales were +62% higher than in 2010, and pricing was +4%) so it could go flying off the market, because everyone wants a bank deal in Del Mar Heights!
It sold for $2,200,000 in 2005, and financed 90%, but the opening bid at November’s trustee sale was only $1,464,750.
Here is the map: http://g.co/maps/7p2b2
What will be the eventual sales price?
Leave your price in the comment section, and the closest guesser will receive four tickets to the swanky Del Mar Turf Club for one day during the season (July 18th – Sept. 5th). You’ll have your own table with TV to watch the races and replays, plus waitress service! Or, if you prefer a more casual day, (guys have to wear coats in the Club), the winner can select Choice 1A; four box seats near the finish line, also with waitress service.
Posted on Wednesday, January 4th, 2012 at 8:51 PM in Bubbleinfo TV, Contests, Del Mar, Foreclosures/REOs, REOs for sale, Thinking of Buying? | 47 Comments » | 
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.
$1,525,000. Nicely updated. Good find Jim.
Housewife on cell phone passing you | January 4th, 2012 at 9:35 pmNice, but weirdly tight on lot and kitchen is way too small for that much square footage. No backyard with 4 bedrooms limits appeal. Still, looks new and that’s something for DMH.
$1,650,999
profhoff | January 4th, 2012 at 10:09 pmThanks housewifey!
For my surfing friends:
The National Weather Service has issued a rip current advisory for the entire San Diego County coastline.
Surfline.com’s forecast:
Ocean Beach: 5-6 feet Thursday afternoon, 12-17 feet Friday morning
Sunset Cliffs: 5-6 feet Thursday afternoon, 12-18 feet Friday morning
Imperial Beach: 4-5 feet Thursday afternoon, 10-15 feet Friday morning.
Mission Beach: 4-5 feet Thursday afternoon, 11-15 feet Friday morning
Birdrock: 4-5 feet Thursday afternoon, 10-15 feet Friday morning
Horseshoe: 5-6 feet Thursday afternoon, 13-18 feet Friday morning
Windansea: 4-5 feet Thursday afternoon, 9-13 feet Friday morning.
Oceanside Harbor: 3-4 feet Thursday afternoon, 8-11 feet Friday morning
Grandview: 3-4 feet Thursday afternoon, 9-12 feet Friday morning
Moonlight Beach: 4-5 feet Thursday afternoon, 9-13 feet Friday morning
Swami’s: 3-4 feet Thursday afternoon, 7-10 feet Friday morning
http://www.utsandiego.com/news/2012/jan/04/huge-waves-hit-south-county-hardest/?sciquest
Jim the Realtor | January 4th, 2012 at 10:10 pmIt looks faux-Tuscan with the furniture and pumped up color.
Views, views, views! That’s gotta disappoint…
http://catherineandjasonbarry.com/listings/views-views-views-2300000/
profhoff | January 4th, 2012 at 10:13 pmI would say it sells for $1,812,000.
recordsclerk | January 4th, 2012 at 10:18 pm$1,567,890………………….
greenlander | January 4th, 2012 at 10:26 pm1,525,000
¸.·´¯`·.´¯`·.¸¸.·´¯`·.¸>
kompeitou | January 4th, 2012 at 11:17 pmI’ll give you the real, firsthand surf report from today:
yes, swell is up and it was good at Ponto. The sucky part is that school is still out so I had to battle the crowded line-up.
Just some guy | January 4th, 2012 at 11:20 pm$1,919,919.19
Yeah, some road noise, which will keep it under $2M.
RBRenter | January 4th, 2012 at 11:42 pmMy guess: $1,602,000
College Joe | January 4th, 2012 at 11:49 pm$1,666,000 . A beautiful Del Mar home . Hope the track stays…..
Patriots fan | January 5th, 2012 at 3:39 amWill headlines like these erode the commitment of those waiting for further declines?
http://www.housingwire.com/2012/01/04/bernanke-calls-for-nationwide-reo-rental-program
Jim the Realtor | January 5th, 2012 at 7:03 am1,725,000….Thanks for the surf update.
Scott | January 5th, 2012 at 8:16 am$1,755,000. Just a hair over list after a short bidding war.
FirstTimeRenter | January 5th, 2012 at 8:20 am1.793M, though worth it? To someone I guess…
FreedomCM | January 5th, 2012 at 8:55 am1,805,000 would be my guess.
Justin | January 5th, 2012 at 9:07 am$1,699,000 is my guess.
Kwaping | January 5th, 2012 at 9:57 amJTR – Mrs.Clearfund and I got married at the Turf Club/paddock. Always fun at the Turf Club…except Opening Day (amateur hour).
$1,605,000
clearfund | January 5th, 2012 at 10:04 amYou got married in the paddock?
I’ll leave that one alone……
Jim the Realtor | January 5th, 2012 at 10:26 am$1,650,500 … Nice, but I don’t think it will go for over asking. As others have said, road noise, zero lot and small kitchen will hold it back.
SD_Coastal | January 5th, 2012 at 10:46 amIt’s live now:
http://www.sdlookup.com/MLS-120000761-14286_Recuerdo_Dr_Del_Mar_CA_92014
P.S. La Sencilla ended up with 10 offers, 4 cash.
Jim the Realtor | January 5th, 2012 at 10:54 amYay. A contest.
1,675,000
sdduuuude | January 5th, 2012 at 1:13 pmAnd a map, too. It’s like you read my comments or something.
sdduuuude | January 5th, 2012 at 1:16 pm1,775,000 all cash.
livinincali | January 5th, 2012 at 1:47 pm$1,859,900. .
bubblenerd | January 5th, 2012 at 2:01 pm1,975,000.00
I love horse racing!
Spider | January 5th, 2012 at 2:11 pm$1,860,000.00 $$$$$
Jason | January 5th, 2012 at 3:14 pm$ 1,895,000 It`s only money.
swm | January 5th, 2012 at 3:47 pmAnd the winning bid is $1,835,000.00.
Daniel(theotherone) | January 5th, 2012 at 4:30 pm1,650,000 is my guess
Jakob | January 5th, 2012 at 5:31 pm$1,549,000 Cash Buyer
Keith | January 5th, 2012 at 6:22 pm$1,680,000
DNR | January 5th, 2012 at 6:26 pmI think it will be financed.
$1.5M. It looks like a slide carried away the flatter part of the yard very close to the house – in Bing maps anyway. So between the slide and fire dangers, and lack of any yard whatsoever, that’s my wild as* guess.
If I win, I’ll donate the prize to “housewife on cell phone passing you” because the user name cracks me up every time I see it.
Wild Guess | January 5th, 2012 at 8:28 pm$1,650,000 would be my guess.
Native San Diegan | January 6th, 2012 at 12:10 am$1,900,000 – only has neighbors on 1 side, right?
Joe | January 6th, 2012 at 8:00 am1.84M as Del Mar is going for 600 sq ft+
doughboy | January 6th, 2012 at 8:48 am$1,775,000, and a way they go.
musicagent | January 6th, 2012 at 10:26 amI’ll go with $1,690,000
IRE | January 6th, 2012 at 10:29 am1,715,000 is my roll of the dice.
Jay the Realtor wannabe | January 6th, 2012 at 11:48 amI’ll be at DMR for my birthday so those tickets will be fine. We’ll go $1,875,000.
stormin | January 6th, 2012 at 5:13 pmI like it….$2 Million smackers.
SB | January 6th, 2012 at 8:01 pmYour all wrong it will sell for $1,720,000
mds | January 7th, 2012 at 9:37 amSomeone will overpay at $2,025,000.
JLW | January 7th, 2012 at 11:03 amIs it too late to enter ? $1,634,900, and even that’a a little too high.
I can’t believe you have many blog readers thinking this will go for close to $2m, that’s gotta’ be the most bullish sign for real estate I’ve seen in quite some time.
FuturesWatcher | January 9th, 2012 at 7:10 amHouse already marked contingent. House next door to it sold for $1.4M? I’m surprised they would get close to asking, but maybe so if it’s already contingent. We should hopefully know soon what it sold for.
housewife on cell phone passing you | January 12th, 2012 at 8:37 pm$1,700,000 is my guess.
Jeeman | January 30th, 2012 at 2:20 pmWooHoo!
http://www.redfin.com/CA/Del-Mar/14286-Recuerdo-Dr-92014/home/4431557
Joe | February 1st, 2012 at 11:33 am