More auction-list and REO properties; these are in Del Mar and Leucadia, west of the I-5 freeway. But first, some short-sale advice for listing agents:
Sleuthing
by Jim the Realtor | Jan 11, 2010 | Buying at Trustee Sale, Foreclosures/REOs, Jim TV, REOs Coming to Market | 11 comments
What is with all the chintzy fabric carports in the last two vids? Those cities must be significantly more lenient than mine, fabric carport/tent things are not permitted in the setback area. Basically you wouldn’t be able to put either of those shown up here.
Regarding that last comment, please do not encourage that type of behavior!
Just checked the train schedule by that Del Mar home on the train tracks: From 6:30 a.m. and continuing past midnight, 22 Coaster trains roar by each day… plus unscheduled freight trains. Sounds like serenity punctuated by at least 22 daily episodes of sheer mayhem.
You had me cracking up when you popped up in the bushes on the Leucadia house. Now that’s a hard-working RE broker. 🙂
BTW, bet they’ll get more than $1.5MM on that tudor house — very nice! It will be interesting to see how much that sells for.
I agree CA renter. That house is one of a kind. Over an acre…old, beautiful home. The grounds look majestic if only they could water it.
I remember it sold for 3 million and change a couple years back. It has a tennis court, pool, stunning, mature landscaping…that huge lawn…all kinds of fruit trees. Gated, brick driveway…guest apartment over the garage…all west of the freeway in Encinitas with an ocean view!
If I had the means, I would be on this in a second. I say 2.25-2.75 million.
It really is one of a kind and it will demand (rightfully so in my opinion) a high price.
Here’s the zillow link for a view from above:
http://www.zillow.com/homedetails/221-Sunset-Dr-Encinitas-CA-92024/16714355_zpid/
It’s actually on 1.2 acres….looks great!
That Tudor house looks nice. Tennis court and pool.
Del Mar is nice too. Though, being close to the train tracks by the beach is an issue. At some point those cliffs are going to erode the tracks away. The railroad has done a lot of work around there. I think the best part of the area is on the other side of the road behind 15th street — which is close to the house you showed. Real easy to walk to the restaurants, bars and beach from there. But a little farther away from the tracks. Maybe slightly farther up the hill is better but awesome place to live on a sunny July day. Might be cool if you had a place over looking the race track.
What percentage of short sales actually close? 25%? 10%? Less? And, of those that do, what is the average length between offer and close? 3 months? 6 months? Longer? It seems like such a waste of time for the buyer and agents on both sides of the transaction. Now, for the “seller”, it seems to be a decent foreclosure-delaying tactic, but that’s about it.
Dang Jim, from the birds eye view I saw from maps.bing.com, you had to venture your way thru some major shrubbery to get that shot!
If I did that I’d probably be in cuffs ! Ahhh, the freedom of the press and real estate agents 🙂
Joe wrote:
Here’s the zillow link for a view from above:
http://www.zillow.com/homedetails/221-Sunset-Dr-Encinitas-CA-92024/16714355_zpid/
It’s actually on 1.2 acres….looks great!
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That’s even better than I thought — it looks bigger than 4,900 SF, too. IMHO, that is the kind of house that deserves $1MM+ in almost any market.
“Just checked the train schedule by that Del Mar home on the train tracks… Sounds like serenity punctuated by at least 22 daily episodes of sheer mayhem.” (Jay, January 11, 2010 at 6:44 PM)
OK, this cracked me up! I come from a railroad family. My childhood revolved around trains. My dad worked for Southern Pacific Railroad (in management) from the day he graduated from Stanford with a civil engineer degree until he retired 45 years later. When I was a child, we even had our own “private caboose” available for our family at a moment’s notice.
That said–even as much as I love trains, the sounds of trains (Since my dad passed away, it’s his way of saying “hi”), and anything to do with trains really, I would NOT be interested in “22 daily episodes of sheer mayhem” as Jay so expertly calls it.