It looks like Bank of America foreclosed on approximately $6 million in loans on the package deal offered for sale in Leucadia. The same agents who sold Magno-Bressy are on this case too, and it seems very casual and soft-sold. Are there dozens of buyers waiting in the wings after they saw how Magno-Bressy turned out? Take a look:
Nan-Noo, Nan-Noo
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Jim Klinge
Klinge Realty Group
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Trustindex verifies that the original source of the review is Google. Jim & Donna Klinge helped us sell our home of 30 years in Ocean Hills. We were very happy with their service and would HIGHLY recommend them to anyone looking for an Honest, Knowledgeable, Skilled, Informed Efficient realty team. Both Jim & Donna were so helpful in different ways and complemented each others skills. Please refer to a more detailed review that we wrote on YELP. Thank You Both for all your help!!!Trustindex verifies that the original source of the review is Google. A+ thank youTrustindex verifies that the original source of the review is Google. Many years ago, we purchased a home in Carlsbad, using a realtor that was recommended to us - Jim Klinge. Fast forward to 2025, we recently had the privilege of selling 2 homes in Carlsbad, CA and didn't hesitate to reach out to Jim and Donna Klinge of Klinge Realty Group to guide us through the sales. The transactions were very different, each with its own unique situation, opportunities and challenges. From start to finish, Donna and Jim helped navigate the pre-sale preparation, the listing, showing of the house, buyer negotiations, the final close and all of the paperwork and decisions in between. What stands out with both transactions is the professionalism of Jim and Donna (and their team), wonderful communication (timely, relevant, concise), their deep understanding of market dynamics (setting realistic expectations), their access to top-notch contractors, and last, their ability to guide us across the finish line successfully. We wouldn't hesitate to use Jim and Donna in the future and highly recommend them for anyone looking to buy or sell a property in North San Diego County.Trustindex verifies that the original source of the review is Google. We sold a home with Jim and Donna and from beginning to end they were consummate professionals. Their initial walk through the property resulted in a list of items to be repaired or updated. They supplied a list of vendors and job quotes to do the repairs and updates. We originally wanted to sell ‘as is’ and just get it over with. They gave us a selling price for ‘as is’ and options for doing a few updates/repairs to doing it all with the selling price for each option. We agreed to do all they suggested and we sold for the exact price they predicted. For every dollar spent we got back more than $2 back in the selling price. And they got that price in a rising interest rate environment! Donna and Jim are extremely detailed and guide you through ever aspect of the sale. There were no surprises thanks to their guidance. We couldn’t be more pleased with their representation. Thank you Donna and Jim, Jerry and MaryTrustindex verifies that the original source of the review is Google. We have known Jim & Donna Klinge for over a dozen years, having met them in Carlsbad where our children went to the same school. As long time North County residents, it was a no- brainer for us to have the Klinges be our eyes and ears for San Diego real estate in general and North County in particular. As my military career caused our family to move all over the country and overseas to Asia, Europe and the Pacific, we trusted Jim and Donna to help keep our house in Carlsbad rented with reliable and respectful tenants for over 10 years. Naturally, when the time came to sell our beloved Carlsbad home to pursue a rural lifestyle in retirement out of California, we could think of no better team to represent us than Jim and Donna. They immediately went to work to update our house built in 2004 to current-day standards and trends — in 2 short months they transformed it into a literal modern-day masterpiece. 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Jim and Donna demonstrated exceptional professionalism, offering expert guidance on market conditions and pricing strategy, which resulted in a quick and successful sale. Communication was prompt and we were well-informed throughout the entire process. For anyone looking for a dedicated and knowledgeable real estate team, look no further! ---Trustindex verifies that the original source of the review is Google. Donna and Jim Klinge of Klinge Realty Group have our highest possible recommendation. From Donna and Jim’s first visit to our house through closing their advice and counsel was candid and honest in all dealings. They kept us fully informed throughout the process. The house sold less than three days after listing with a two-week closing. My wife and I have sold several houses during our lives. This was by far the best experience. Klinge Reality is a premium service realtor. You can’t make a better choice for someone to sell your home fast and for top dollar.Trustindex verifies that the original source of the review is Google. Donna and Jim provided exceptional support and professionalism throughout the entire process. We couldn't have been happier with their efforts. They made our house shine, and thanks to their expertise, it sold above the listing price in the very first weekend! Truly a fantastic experience from start to finish.Trustindex verifies that the original source of the review is Google. This year has been difficult on our family, mainly due to having to sell our home. Thankfully we knew God had a plan for us and working with the Klinge team was a key part of it. It was an obvious decision to work with them again after such an amazing experience when purchasing the same home we needed to sell. The challenge was, how will we do this in so little time with so much going on? Jim and Donna held our hand every step of the way. 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Jim understanding my needs, recommending potential places, pointing out the pros and cons of each property was invaluable. Then when the offer was accepted Donna’s organized guidance through the inspections, paperwork etc made the whole process seem effortless. So grateful that I had them on my side!Load more
Nantucket is a mess. You are right when you say that the neighborhood wants it to be over. I know some people that live on Sheridan (next to that triple lot bomber) and all the neighbors just hate Barratt. I always thought they were a little too optimistic and the homes always seemed odd to me.
Despite being 4,000+ square feet, they feel small because there are so many rooms. My house, at 3,300 square feet, is smaller…yet it feels larger. I also don’t get the small lots. I can see a small lot for a small house, but these lots are right in your face and the neighbors are RIGHT there.
And some bought these for $2,000,000? Yeesh. On the bright side, they are big bombers and are good comps for the neighborhood. Hopefully it will spur some people into redoing their own homes. It’s prime west of I-5 real estate, 5 minute walk to the beach…but some of the houses haven’t been touched since 1960s/1970s and need major work.
Some of the custom houses right across from Nantucket are really nice, especially the one on the one on the corner of Andrew & Sheridan. Then you had the guy build that gigantic home at the end of Sheridan.
While it’s interesting for me to look at (I live on the other side near Ashbury, so I don’t see it every day. Hopefully they can get these going quickly so it brings some relief to the neighbors and we can all FINALLY bid Barratt goodbye.
Tiny lots and you get to live next to low-income housing?
If your car won’t start, your jumper cables can reach the beater on your neighbor’s lawn.
It don’t get any better than that!
Heh, my bet is that the definition of “low-income housing” will be pretty loose and really means smaller sq footage middle class housing. No low-income people with beaters need apply.
You would have to be very bold to buy one of these houses. Too much hair on the deal and a home that’s been sitting is a defect litigation time bomb.
I think the lots could go at +$500K each, maybe a little higher not counting the “affordable” unit. The slab is actually the one deal in the bunch, (getting out of the ground is the hardest part of construction). The slab also means underground plumbing is in. The rusty anchor bolts only need to be wire brushed and cold galvanized, no biggie.
What about the stigma? Will poor people tolerate living next to rich people?
JTR – Nice tour, all the expensive work is left on those homes plus possibly reworking the floorplan (aka Mirasol in Carlsbad which you highlighted).
Anyone who pays over $3mm is really a dreamer..
Just surface rust.. not a problem and the slab looks fine. Not sure about the wood though… it might be fine. Out here in the midwest it would likely be scrap but how much rain was it exposed to in that part of california? Any warpage or splitting?
I agree with Mozart. Unfinished housing left exposed to the elements for months, even in the mild San Diego climate, are not good deals.
Live and learn.
You guys may be a little too bearish. I don’t know the ‘hood, but I’ll assume it’s decent. If 3 need $125/ft to complete, that’s $1.5 mil. The slab needs $250/ft, so another $1 mil. Add in $250K in landscaping. Total is $2.75 mil. The 4 should be worth $1.75 mil, no? That’s $7 mil. Pay $3 mil and bag $1 mil. Of course, I imagine it isn’t as simple as just walking up to the Encinitas planning and building counter and just resuming work. I’m sure they want their pound ‘o flesh to re-issue permits, etc. Count on another $100K and infinite pain with that one (BTDT with Encinitas…).
I like it. As soon as Jim enters the first house, the all too familiar “chirp” is heard immediately.
Maybe there will be a sound track at some point. That would be fun.
The buyer of that finished house better not be counting on that view. The two-story that will inevitably go up on the open lot will kill it for sure.