According to the tax rolls the builder paid $425,000 cash in 8/2005 for this lot in a gated community in the hills of Pala in 2005.

He borrowed $500,000 in 2006, and another $330,000 in 2007, to construct a 4,109sf one-story house on the 4.68 hilltop acres. 

They tried selling it for $1,200,000, during the second half of 2006 – but no takers, and it ended up getting foreclosed in June, 2009. 

We listed it today for $482,800, without appliances.

I think this is the first video to repeat in bubbleinfo history, so you may have already seen my initial journey in July – and yes, it’s still just as boring – 12735 Rancho Heights, Pala, CA 92059:

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