bubbleinfo.com

We’ve been following this story for years about the 16,330sf house in Olivenhain, and now it’s finally on the market, listed for $2,700,000.  The basics are covered in the video, but this article fills in some of the extra details: Link to NYTimes article

I bumped into the listing agent Marc on this one – just in time for a tour! The last sale in complex was two doors down on same floor but slightly larger square footage for $1.6 million in June:

How many chances are you going to have?

Hat tip to Rob, who has been here!

From sdlookup.com:

Enormous 6 br/8 ba, 6,309 sf San Diego estate! A level 0.70-acre parcel, lushly landscaped, overlooking Balboa Park in an ideal Hillcrest location in Marston Hills on a prime corner lot. Pool, spa, pool house w/steam & a bar, and massive waterfall system. Three bedrooms downstairs (including master), secondary master upstairs, and an east wing with 2 additional bedrooms upstairs. Huge deck and a balcony overlooking the park. Lots of space inside and out. This is a must see! 

Bill Walton’s house, for sale on the range $2,950,000 to $3,290,000:

Read the rest of this entry »

hat tip to the Leucadia Blog for sending over Suzy’s story, plus they mentioned the Encinitas Extreme Home Makeover house in foreclosure too:

http://www.theleucadiablog.com/2009/12/encinitas-monster-house-and-extreme.html

*************************************************

We’ve been waiting patiently for the lender to list Suzy Brown’s old house for sale – remember the 16,330 square footer in Olivenhain? 

She had purchased it from Barry Axelrod for $850,000 in 2003, and took out a loan for $4.55 million in 2006.  You know the story, the bank foreclosed and found that ’somebody’ had stripped the house.

She was in court yesterday, here’s the story from the nctimes.com:

The former owner of an Olivenhain mansion who is accused of stealing $1 million worth of fixtures from the bank-foreclosed home repeatedly refused to identify herself at her arraignment Tuesday, prompting a Vista judge to handcuff her in the middle of the proceedings and finally order her to jail.

Suzy Brown, 45, eventually pleaded not guilty to one count of grand theft and one count of felony vandalism, but not until the hearing had been postponed several times because of the unusual actions of the short-haired woman in a pantsuit who, to the amusement of many in the courtroom, wouldn’t admit she was the defendant.

It is not clear why Brown would not acknowledge her identity —- which Judge Marshall Hockett eventually confirmed through a copy of her Department of Motor Vehicles photo that the court requested —- but Brown apparently contested the legality of the complaint against her issued by the district attorney’s office, according to her attorney.

“Ms. Brown claims she has not seen what she calls a ‘genuine charging document,’” said public defender William Matthews, who stepped in to represent Brown after Hockett declined Brown’s request to represent herself.

From the start of the afternoon hearing, Brown would not say who she was.

She said she had no identification with her.

“Are you or are you not Suzanne Meredith Brown?” Hockett asked, getting fed up. “… You’re playing games with the court.”

“I’m genuinely not playing games,” Brown said with a deferential, somewhat pleading tone.

Read the rest of this entry »

Adam has been gracious in sharing his time and experience about buying at the court house steps, and flipping properties for profit, the least we can do is keep an eye out for him.

It’ll be easy to dismiss this one because of location, but this is where you’ll see the first signs of flips turning to flops – with the outliers:

From cnbc.com, ten mambo beach houses:

http://www.cnbc.com/id/31942517

P.S. It’s El Paseo Grande in La Jolla.