Not all the foreclosures have the appliances tore out of them, or have other major damage. This should set the pace in the Covenant for the rest of the year, at $414-per-sf:
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Jim Klinge
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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
About a three-wood to Jeeman’s house!
Caught this on your YouTube account last night. Very nice, especially the back yard, but I’d tear out that separator between the kitchen and the family room. How big is the property overall?
p.s.: Price still to high, IMHO. 😉
Nice. Got that same natural stone on my house.
Beautiful one story. Great video.
Who was the person that got foreclosed on?
Beautiful home! Awesome view in the backyard!
“I’ve sold houses smaller than this bathroom”
LOL! You have worked the spectrum amigo. That gives you a well grounded perspective that is appreciated.
Some foreclosures are actually left in really good shape.Some people do have some class.
I found a golf ball in my grass today….I wonder how it got there…haha.
Nice house…I always wondered what it looked like inside.
Is it me, or does anyone else believe this house still has a bit of a cookie-cutter feel to it?
Nice house! I could definitely live there. Can’t afford it, but I like it. LOL
What is the outbuilding below the pool? A pool cabana? A granny flat? Servants quarters?
My only criticism is the steps. Maybe I’m more sensitive than most – but I help care for my father in law who’s in a wheelchair. Any future house will be a “level” one story… no stairs at all.
Bar logo confirmed my initial guess of Dyson & Dyson???
Since the home could be replaced for apx $2.5mm (300/sf) plus another 300k for permits/pool/architect/etc we’ll call the replacement cost to be apx $3mm. Thus you are getting south facing Planideras views for $500k….
That should have offers lined up from here to the Murph.
$600/sf was the old RSF guess/sf now it appears it has dropped by 1/3 like the rest of the world down to $400/sf.
JTR, thanks for the video. I’m hoping that this home resets the bar for RSF.
Somewhat off topic: I have noticed that sales in the Bridges has decreased dramatically. Even so, this semi-custom one story in the Bridges sold for a ludicrous $2.585 million. I am pretty sure that this home is only 3 bedrooms (one of the bedrooms was converted to a sitting room for the guest casita). The kitchen and family room are small.
http://www.sdlookup.com/MLS-100048580-18632_Via_Sassari_St_Rancho_Santa_Fe_CA_92091
We’re looking more at custom homes in the Bridges, but the prices just defy logic.
FRSFB – I have seen that home and agree that some of the Cortile homes have oddly high prices.
I believe that the lot size/yard/pool play significantly into this price as you don’t get large yards in the neighborhood (I built/developed 4 customs early on in the neighborhood). I also believe it is not impacted by any power lines, etc.
I too have been somewhat surprised that the customs have held as firm as they have. My theory is that the supply of custom, gated, golf club homes in RSF is so small (as a percentage of the total) that it is merely a niche supply constraint in play.
Also, the dirt is gone (effectively) so you’re stuck with what’s there and no further inventory can glut the market (aka Santaluz) and drive down pricing.
Lastly, from what I gather, no one bought in there that didn’t financially ‘belong’ there (i.e. no funny loans). thus, most everyone could whether the storm and didn’t have to dump/run. As an example: One of my clients was buying a 5th home for $4mm all cash.
Many upscale communities have hundreds of golf homes, but not so in RSF. The only gated clubs are the Bridges and DMCC and both have held very strong.
My macro thoughts
I’m with Clearfund on that home in the Bridges. Tight supply, no alternatives if that’s what you’re looking for, etc. I think some Cortile homes closed under $2 mil, but when I looked at them in ’08 they all had awful power line views or weak lots.
Aztec, it’s interesting how many homes in the Bridges are adjacent or nearly adjacent to the power lines. I counted 19 homes directly adjacent to power lines and another about 10 homes nearly adjacent (i.e. only one house away). That’s more than 10% of the neighborhood. To me, living adjacent to power lines would lower the property value at least $300K. That means nearly $9 million in lost property value. Seems like you could bury the lines for that much money.
Clearfund, I agree that a major factor is the limited supply. I’m sure that other people find this neighborhood desirable for the same reasons that I do. Right now, it seems to me that there is a $500-700K premium to live in the Bridges over other areas of RSF. Not sure that premium is worth it, but I’ll keep watching the market.
I’d say your $$$ premium seems on the mark. One value story that I noticed are the two big/early Sylvester homes on Calle La Serra looking back towards the clubhouse are asking apx the same price they originally sold for around 2001 or so (last I looked anyway).
We’re 100% out of there having sold our last lot w/plans in 11/2007….but wifey still wants back in!!
Clearfund, I think you might be referring to this home:
http://www.sdlookup.com/MLS-100053211-18484_Calle_La_Serra_Rd_Rancho_Santa_Fe_CA_92091
Seems like a nice home, although within view of the power lines. I was surprised that there is no base around the flooring. Haven’t seen that before.