16 Comments

1. 

   Genius on January 12, 2011 at 10:45 pm

   I’ve been watching this one since I moved into DMH. Thanks for covering it.

   That LP is about $350k lower than what it was before the foreclosure. Looks like a couple of parties lost their shirt on it. Agree that it looks smaller than 5500 sqft.

   There are a few houses around here with the subterranean garages. Something to watch out for in the future.

2. 

   tj & the bear on January 12, 2011 at 10:49 pm

   Man, that house is a disaster from the word go; even finished it has a lousy location and floorplan. You’d be in much better shape buying that old Covenant REO.

3. 

   kbeachguy on January 12, 2011 at 11:37 pm

   I drive by that house everyday and shake my head. I am shocked that there is 3 offers on that hack a shack! Someone needs to report that yard as an eyesore as well! How long until a car ends up in that living room, I say three years or less! Sorry for the rant, I just have alot of disdain for that place:)

4. 

   greenlander on January 12, 2011 at 11:49 pm

   It would be cool if you said the street address or put it in the videos. I often try to find the MLS listings of the houses you talk about. Sometimes I can find them from other clues but it would nice if you said it explicitly.

5. 

   AL on January 13, 2011 at 2:35 am

   Described as a “completely customizable interior” rather than unfinished.
   One MLS link is http://www.redfin.com/CA/Del-Mar/13795-Mar-Scenic-Dr-92014/home/17193765

6. 

   SDteacher on January 13, 2011 at 7:10 am

   Thanks for this video. I also drive by this house constantly and have been curious to see the inside. The inside would have to be magical to make up for that busy corner. When you said it was 5500 sq ft I was optimistic. However, it was far from magical and does not look like 5500 sq ft at all.

   My favorite parts are:

   1. the tiny kitchen – I think the Stratford Inn down the road has rooms with bigger kitchens.

   2. the master shower with viewing area. The step up ledge could be a sitting area for guests to check out the view.

7. 

   chrisanthemama on January 13, 2011 at 8:29 am

   A hot mess, except not that hot.

8. 

   del mar renter on January 13, 2011 at 8:31 am

   I live down the street and checked this house out a year ago. My question is, how do you put rectangular furniture in a house where ALL the walls are curved or circular. Artwork? Can you say “teardown”?!

9. 

   David Overfield on January 13, 2011 at 11:53 am

   How would a buyer get a normal loan since there isn’t a CO?

   Seems like this might be an issue.

10. 

    consultant on January 13, 2011 at 12:06 pm

    Jim,

    You’re right. We’re not surprised by anything anymore.

    This house looks like a tear down to me. It’s a mess.

    During the flipper period of 2000 to 2007, I could see this place being sold around as its value increased with each sale. But now-post real estate collapse-who would want to live in a place with that many problems at that asking price?

11. 

    A neighbor on January 13, 2011 at 3:00 pm

    Geez…..well Jim, you said it yourself: There nothing money won’t fix. What do you think this is worth?

    What a disaster! Anxiety never understood why they chose that lot…I’m sure there are plenty of tear downs in DMH that aren’t on Del Mar Heights road. That RSF one doesn’t look so bad anymore! At least there it’s old and you can easily start over and it’s also nice to know that you’re on one of the best streets in the Ranch and you have the big mansion going up next door. Beautiful setting too.

    There’s nohing beautiful about this one though!

12. 

    wawawa on January 16, 2011 at 6:52 am

    Do not underestimate Californian’s arrogance for residential R.E. Prices are still too high !

13. 

    Jeeman on January 18, 2011 at 12:29 pm

    Horrible location, and the interior needs a ton of work, but nothing I would jump into for $800k. Price fixes everything, right?

    The only serious problem is that garage. I can’t see any way of fixing that issue. Sandbags? ROFL….the water still needed to be drained.

14. 

    Jeeman on January 18, 2011 at 12:31 pm

    It is hilarious to see that the last picture on the redfin link shows the flooded garage. I suppose they consider that part of the “disclosure”.

15. 

    Cube on April 17, 2011 at 6:13 pm

    You’re telling me all five previous posters not only think this house is great deal, but also just *happen* to think that spaces optionally go before or after commas (or both, if you’re really in the mood)?

16. 

    Jim the Realtor on April 17, 2011 at 8:58 pm

    Thanks Cube, they got me on that one, spreading out five spams over two months! I deleted.