Leucadia One-Story
This is one of the few places where you can find newer, larger one-story homes on good-sized lots. No wonder it blew of the market in the first few days, and over list price!
This is one of the few places where you can find newer, larger one-story homes on good-sized lots. No wonder it blew of the market in the first few days, and over list price!
In the first four months of 2012, there were 67 REOs listed for sale in NSDCC. This year there were 24 – not counting this one:
A glorious day in San Diego, wrapped up at the coast in Leucadia:
If you had three generations trying to fit into one house, this might work:
The flippers have been on a remarkable run in 2012 – will it continue? Or will 2013 be the year that buyers start to hesitate when they calculate flipper profit vs. upgrades?
Another Leucadia flipper, this one hoping that the view stays clear!
Barratt’s old Nantucket tract, foreclosed by BofA and then given to Shea Homes for $3,975,000 in March, 2011, is almost completed. This one Leucadia tract exemplifies the bubble experience from the peak in 2007, to where we are today.
The house for resale featured towards the end sold for $2,258,000 in 2007, short-sold in November, 2011 for $1,375,000, and is now listed for sale at $1,675,000:
Barratt sold seven of the houses in the first phase for $2,000,000+ Some of the past coverage:
http://www.voiceofsandiego.org/housing/article_3c4ad63c-713c-52a0-8260-0433c02dc882.html
http://www.utsandiego.com/news/2009/aug/11/real-estate-slump-blamed-barratt-americans-failure/
http://www.voiceofsandiego.org/survival/article_586758f8-7aeb-5dba-b348-92d2e29a3b34.html
A renovated house with an extra granny flat near the beach is a rare find:
Here are the MLS remarks:
Completely remodeled quaint beach house West of the 5 Freeway in North Leucadia, just a short walk to Ponto Beach. The home boasts 2,111 sf with 3 bedrooms, 2 bathrooms, and a mother-in-law unit with separate entrance with an additional bathroom. The house sits on an oversized .25 acre lot on a very quiet street. Both the interior and exterior have just finished being completely remodeled; new kitchen and bathrooms with granite counters, new flooring and carpet throughout.
http://www.sdlookup.com/MLS-120054330-162_Andrew_Ave_Encinitas_CA_92024
Once they got the prices under a million ($795,900 to $975,900) these started selling – only 1 left!