We’ve been big fans of Tom since he came back to SD:
Category Archive: ‘Tom Tarrant’
Tom asked for some thoughts on the county-wide market! Though we had a few more listings in 2016 than in recent years, the closed sales were the highest of the last three years – and within 1,000 of the frenzied 2013 total.
San Diego County Detached-Home Listings and Sales
The SP:LP ratio is down slightly, but for the median sales price to be within 1.6% of the median list price on 23,943 sales is pretty remarkable – especially when the median sales price has risen 23% since 2013!
Here’s a look at the construction of Tom Tarrant’s raised foundation for his South Park Spec House in San Diego – coming November 2012.
“We dug the footings with a mini excavator, built the forms with wood, tied in over 4000 feet of rebar and then pumped in 50 yards of 3000 psi concrete. Some of the footings were 6 feet deep to ensure this new house wont slide down the canyon. To see more cool renovations and house flipping, check out my blog!” http://www.tomtarrant.com
Investors are faced with the same dilemma as regular buyers – very few properties for sale:
The open-house extravanganza paid off:
Just having a regular open house isn’t enough – make it an open-house-weekend extravaganza:
Tom Tarrant and I will be at 4841 Sparks in Bay Park today from noon to 3pm.
Take the I-5 freeway to the Sea World Dr. exit, and once off the freeway, go east to Morena and turn left to Knoxville – turn right and follow the signs!
Tom is complete with his thorough renovation of this Mid-Century Modern in Bay Park, and we’re going on the market Thursday – listed for $599,000.
Come by for a look – open house this Saturday and Sunday, 12-3pm
4841 Sparks, San Diego, CA 92110, take the Sea World exit and go east!
Thanks to Tom for being on the show – and for everyone who listened!
Some of the highlights:
tj and the bear asked about ballpark costs, and Tom broke his general remodeling expenses per room.
He does the work himself on these rooms:
Kitchens – $10,000 to $12,000
Bathrooms – $2,500
Engineered hardwood floors – $4,000
Work done by contractors:
New 200 amp eletrical service – $5,000
New plumbing – $5,000
Roof – $4,500 to $6,000 (comp shingle)
Jeeman called in and described his struggle to get a reasonable quote for an overall remodel, and we agreed that it is good to get plans done first, then have general contractors gives quotes so you can compare apples for apples.
Tom mentioned several TV shows who have approached him looking to document his ‘team’, and fabricate some drama. Tom is willing to tell it like it is, but no takers for that package so far.
Tom also said that he sees plenty of deals on the MLS, though it is hotly competitive. He is a believer in cruising the neighborhoods looking for possibilities, and that the South Park project was a result of such an effort. He had to drive to Lakeside a few times to track down the owner, but finally prevailed.
The South Park project requires a two-car garage per the city, so the remaining buildable lot only allowed for a 1,350sf house. Tom changed to a two-story, 2,000sf plan instead, and hopes for a completion date in Fall, 2012.
The Bay Park remodel hasn’t hit any snags, and is a lighter project because no square footage is being added. We talked about Bay Park being an up-and-comer neighborhood, and that there could be pockets of appreciation in certain areas like it.
Join us for blog talk radio tomorrow night at 8pm PT with Rich Toscano of piggington.com!
We’ll be analyzing local real estate trends and discussing the right time to buy! We may even have Rich comment on his recent article on the U.S. debt load here. To listen, tune in here at bubbleinfo, and call 1-877-317-7373 with your questions and comments for Rich.
For those who can’t make it, there will be a recording ready right after the show, and the transcript available within 48 hours.
I hope to produce blog talk radio shows with guests on the second and fourth Monday nights of the month at 8pm PT. The next show will be with Tom Tarrant on February 13th, when we’ll be discussing his real estate strategies, and house flipping.
As you probably know, Tom has a project underway in Bay Park – here is a nearby listing for sale: