This one sold for $850,000 in March 2007, which was the height of the craziest money.
Pseudo-banks were lending up to $1,500,000 with no down payment to anyone who asked with a decent credit score. We’ll call it the “Jenae-era”.
We’re only two years past it.
Don’t be surprised if we see more of these ‘higher-end’ properties going for half-off. This 3,880sf house on 4.69 acres is now listed for $469,900:
I grew up in Fallbrook and remember every time it rained pretty hard, the schools would announce that kids who lived in De Luz would not be attending due to flooding. “Deliverance” is pretty accurate. LOL!
Mr. Mortgage, Mark, was on cnbc about 11 am on Tuesday. Really bad mouthing houses in the $500-750,000 range. He was saying they will be the next segment to get hit hard in the next year.
Which probably means $600,000 to 1.1 million house in California
http://www.fieldcheckgroup.com Mr. Mortgage new website
No mention of the bio-organic discoloration? That toilet placement in the master? Is that for real?
I almost choked on my Bosco when you said “business opportunity.”
I captured this on Sunday, before ‘bio-organic discoloration’ was in my vocabulary.
I think the final SP on this one will be sub-$400K.
De Luzion, classic. 🙂
“Off the Grid” business opportunity for sure. Lots of those out there in Valley, Center, De Luz, Rainbow, Fallbrook. Grapes and Avos don’t pay the bills!
“Higher end” indeed. Its a perfectly fine country house (including the wood everywhere), but anyone paying that kind of cash for a house in the country is nuts. For 400, if I was a country person, I might by that as a weekend house, and plant some grapes and enjoy the property and the quiet. But I’m a city person, I hate quiet. Further, its houlses like this in the country that get hammered first. Anyone want a 2 hour commute?
Where I never now (Washington), the paper had an article a few years ago about people who bought in the country and then moved back when they realized it was a 30 minute drive for a loaf of bread, that 8 inches of snow on 1/2 mile driveway is a bitch to shovel and that silence can drive you insane.
Sorry, brain freeze. “Where I never now” should read “Where I live now”
Another good one Jim. What a hoot!
By the way, I spotted an ice cream truck heading toward the Bay Collection in Carlsbad a couple days ago. Oh, oh. Look out Aviara.
The separate living quarters downstairs would be a big selling feature if it weren’t so remote… You could rent the downstairs out as a separate apartment or have elderly parents live there. But not much demand for rentals in De Luz.
Watching you wander around all those steps and halls and turns I kept expecting to see a human sized hamster wheel somewhere in that habitrail.
“By the way, I spotted an ice cream truck heading toward the Bay Collection in Carlsbad a couple days ago. Oh, oh. Look out Aviara.”
HOLY COW. I just realized that I saw my first ice cream truck in my neighborhood about 3-4 weeks before a couple of REOs popped up!!
That settles it – ice cream trucks are definitely the grim reaper for houses.
That settles it – ice cream trucks are definitely the grim reaper for houses.
The Mothman Prophesies for real estate.
“they realized it was a 30 minute drive for a loaf of bread, that 8 inches of snow on 1/2 mile driveway is a bitch to shovel and that silence can drive you insane.”
Are there many insane people in Rancho Santa Fe? And does it snow often in De Luz?
This could be a good retirement property IMHO.
Nameless: RSF is not that remote. The only reason it takes so long to get anywhere is because there weren’t many high speed roads through there. The addition of 4S Ranch has changed that a little.
I’m not saying it snows in De Luze. I was noting that article. But, let’s say a tree falls down during a winter storm. Think CalTrans or SDG&E or the county are going to be right over to fix that?
Nameless: RSF is not that remote. The only reason it takes so long to get anywhere is because there weren’t many high speed roads through there. The addition of 4S Ranch has changed that a little.
Truth is, RSF is not much further from “civilization” than De Luz. In case of De Luz, civilization is Temecula. The most remote corner of De Luz is less than 15 mile drive from Temecula and I-15. Bridges at RSF are 7 miles from I-5, 10 miles from I-15. This is not Warner Springs.
4S addition has not helped much, the only way from RSF to 4S is through a gated community.
Lack of city noise and having to drive elsewhere for shopping is evidently not a problem for residents and property values in RSF.
Actually, I think that RSF started just like De Luz. Back in the 50’s and 60’s it was a quaint little community in the middle of nowhere, the nearest city suburb (save for the beach communities west of 5) was Clairemont, and you could buy a few acres for a funny price if you were willing to put up with the commute.
Fast forward 30-40 years, RSF is surrounded by development on all sides, most city residents are forced to put up with 5000 sf lots or long commutes … RSF house values go through the roof.
De Luz sucks (currently) because it’s not been encircled by development yet. It is close to Temecula and Murrieta, but those are currently exurbs/bedroom communities. 30 years from now IE will have an economy of its own and De Luz will be appreciated.
Is that place on well water? Any water rights?
The rural acreage buyer has a whole different set of buy/inspection criteria.
Is that place on well water? Any water rights?
De Luz is served by Fallbrook and Rancho California water districts.
If there’s no well, you can always dig your own, it could cost around 20 grand.
I do not understand the concept of a bathroom with outside access. I can see putting a door to the outside off the living room, the master bedroom, an office, the kitchen, the family room, a hallway-anywhere but a bathroom. Who wants to be sitting on the throne when the FedEx guy knocks on the door and peers in the window?
@Geotpf. I’ve only seen that in pool houses. Kids in the pool, need to go, don’t want them tracking through anything. Always in the back, always fenced off. This appeared to be in the back, but not fenced off. You could build a lot of pool on 4 acres. 😉
I think Nameless is either the mayor of De Luz or a homeowner. De Luz is way out of town and near nothing. You can drive East and get to Murrieta or south to Fallbrook, but that’s it. RSF is surrounded on four sides by civilization. Look don’t get me wrong, this house here is fine for what it is (vacation/weekend/country). But, its way out there.
Damn, I spotted an ice cream truck holding pen on S. Sante Fe in Vista not 2 miles from my house! All sitting ready to disperse across North County. Jim, you can find it on the left side going south on Sante Fe towards San Marcos. You pass Mar Vista (am/pm) on the right. Its about 6 blocks up on your left. Must be 20 in there!
I saw it today too – video coming.
De Luz is way out of town and near nothing. You can drive East and get to Murrieta or south to Fallbrook, but that’s it. RSF is surrounded on four sides by civilization. Look don’t get me wrong, this house here is fine for what it is (vacation/weekend/country). But, its way out there.
Yes, RSF is surrounded on four sides by civilization – today. 50 years ago, there was no Carmel Valley, no Carlsbad, no Rancho Bernardo, no Rancho Penasquitos, no San Marcos … in fact, there was almost nothing east of 5 and north of 52 (and there was no 52, either). Jobs were in Kearny Mesa and beyond.
De Luz is closer to Temecula than RSF was to the outskirts of San Diego in the 60’s.
The biggest thing against De Luz is absence of well-paid jobs in Temecula. If Temecula’s high-tech (biotech & telecom) job market was even quarter as big as that of San Diego, De Luz homes would be consistently selling in seven digits.
Won’t see any ice cream trucks in De Luz Heights!
What was on the floor by the front door? Was that distressed wood or droppings?
Dead bees.
There was a very active bee hive in the attic, and outside the bees were everywhere. Not sure how they ended up congregating at the front door, maybe readying for the great escape?
..or waiting for a buyer:)
Haha, ice cream truck holding pen and bees waiting for a buyer. What did I do for humor before this site?
RSF was never meant to be a place to move in hope that civilization would eventually fill in around it. In fact, I’d guess that the plan was the exact opposite.
But I get the distinct feeling that that is exactly the plan with some of the newer, yet more remote communities. Cheap housing that will eventually be in the middle of something. I understand that – but RSF was never one such community.
I don’t know where you get the idea that RSF was ever cheap. I grew up in SD and it was always on par with La Jolla in terms of pricing. At least as long as I can remember.
I think you have to live here to understand why. You either love it – or you hate it. I love it.
30 years from now IE will have an economy of its own and De Luz will be appreciated.
What economy will that be?
legal narcotics? i mean, a lot can happen in 30 years. where are you going to find experienced meth cooks when the drug war finally ends?
What economy will that be?
If I could predict economic development 30 years into the future, I’d be a rich man, sitting on the beach in Tahiti and drinking 1950 vintage wine. Unfortunately, I’m not and thus I’m stuck here in the interwebs with you.
What I can predict though is this. By 2039, population of San Diego will grow 30% to 50% from current levels. All available land within 10 miles of the nearest freeway in San Diego County will be built out. Temecula and Murrieta will cease to be exurbs of San Diego and become economic centers. (Just like Poway ceased to be an exurb it was in 1970) I-15 between Corona and Murrieta will be completely surrounded by new tract homes as far as the eye can see.
RSF was never meant to be a place to move in hope that civilization would eventually fill in around it. In fact, I’d guess that the plan was the exact opposite.
I completely agree. My point is more along the lines that RSF homes sell for 2 millions and up BECAUSE RSF got surrounded by civilization. Because we’re running out of land in Southern California.
I don’t know where you get the idea that RSF was ever cheap. I grew up in SD and it was always on par with La Jolla in terms of pricing. At least as long as I can remember.
I doubt that you’re old enough to remember the time when RSF was cheap. I think that the transition occurred during the 60’s and 70’s. And, of course, you have to adjust for square footage. At the time when standard tract home square footage was 1200 sf, 3000+ sf RSF mansions were expensive.
If we dont solve our infrastructure problems including water, power, transportation, etc, we really will not be able to sustain current population rates.
The “golden years” of California may well be behind her. The old real estate complex mantra “buy land they dont make anymore of it”, may very well start to be “buy land with no rations before its gone”
I had a good friend in HS, who had an uncle who was a developer of cheap homes in Moreno Valley( he built thousands)(Riverside County) when it still had the RIR raceway around 1980-81.
He built a mega mansion in RSF at the time for un-heard of price of 5000sqft for $275K. (land included) I had never heard of RSF before, and friends I knew who lived in La Jolla, called them “rednecks”. Funny how time changes things.
If we dont solve our infrastructure problems including water, power, transportation, etc, we really will not be able to sustain current population rates.
of these, water is the only one really important. To deal with it, we stop caring for delta smelt and we build some desalinization plants. It’s not much more expensive to desalinize than to pump water from Sacramento River anyway, and desalinization costs are tied to electricity. Solar keeps getting cheaper and cheaper every year. By 2039 we will have big chunks of desert covered with solar panels costing cents per square foot, and these panels will generate enough electricity to desalinize all water we need and to power all bullet trains and electric cars in California.
Rancho Santa Fe was never cheap by comparison to other communities in San Diego. The covenant was established in the 20’s and was one of the first planned communities in California.
It was very attractive to people (rich people) coming down to the new race track in Del Mar. Bing Crosby and a few others had already started developing Del Mar.
They could have a ranch with plenty of land to house their horses and their guests but still be “upscale”
Temecula and Murrieta will cease to be exurbs of San Diego and become economic centers. (Just like Poway ceased to be an exurb it was in 1970)
Poway is an economic center?!?
Poway is an economic center?!?
Probably right up until the auto dealerships on Poway Rd. closed up and left town.
I’d offer $50,000 for it. And I’d need to see the property taxes reduced. Otherwise, no deal.
The “golden era” of California passed in the early 1980’s. By the early 1990’s, it was officially gone.
For those of us who don’t live in California, but who have traveled there regularly over the years, the changes are dramatic and clear.
I like urban living, but California has way too many people, situated on too little land, forced to fight over too few natural resources, with too little housing (for the population) that is way too expensive.
When I was coming of age (1960’s), I made my first trip to California. It was way cool. It has unfortunately gone way down hill since then.
Too many people from too many places chasing that golden dream.
Good luck out there.
Nameless,
I am definitely old enough to know that RSF is exactly what it has always been. Especially given your 60s-70s timeframe.
You don’t know how much it pains me to admit that.
Did you assume I was younger because I’m a renter? Tsk Tsk.
Agree with that, Consultant. I think people who are new here really don’t know what it was like, so it looks good to them. For those of us who have watched it deteriorate over time, it’s saddening.
Consultant,
I agree with you. Where do you live? I have traveled all over the US and sometimes when I get up in the morning, I dont know what city I am in…….they all have the same malls, franchises,resturants, etc “homogenized” especially the coasts………….