Ponto Carlsbad by Jim the Realtor | Jan 14, 2011 | Bubbleinfo TV, Local Flavor | 18 comments There aren’t many of the larger undeveloped lots left near the sand. It looks like one of them – the Ponto Beachfront Village – has broke ground: 18 Comments Deb on January 14, 2011 at 4:59 pm Totally off topic-and I so apologize to Jim, but I could not resist posting this one! LET THE BIDDING WARS COMMENCE! This is off the scale, not sure how many or which scale :). http://www.redfin.com/CA/Encinitas/1005-Valleyside-Ln-92024/home/6313117 Simply amazing. Joe Buyer on January 14, 2011 at 5:26 pm More land to gobble up. Thanks Bud Lewis. tj & the bear on January 14, 2011 at 6:57 pm WOW, Deb, WTH is up with that one?!? Jim, you gotta get over there and get the scoop! Jack on January 14, 2011 at 7:24 pm 107 Offers already in Deb on January 14, 2011 at 7:49 pm Like I said, I could not resist posting that nugget. Must give credit where credit due, my husband found it. But to us, it’s a sad commentary (albeit laughable) on what unethical sellers and agents are willing to do to manipulate buyers and the market. We subscribe to an ethical blog and agent. Jim, thank you for taking the high road. JE on January 14, 2011 at 8:17 pm I think that entire stretch of Ponto was developed after C-bad successfully had the area designated a “blighted” area eligible of redevelopment district free money. Glad to see that loophole is being eliminated by our new/old gov. Joe on January 15, 2011 at 3:16 am deb, Is that a joke? I don’t get it….surly something isn’t right here. Joe on January 15, 2011 at 3:18 am And I’m sad that another development is going in, but it won’t break my heart because I live south in funky old Leucadia and I only go up there from my house on the 101 to get stuff at the shopping center. I like Encinitas better than Carlsbad…..Carlsbad just seems a little generic. Deb on January 15, 2011 at 5:57 am Joe-Not a joke. Its a short sale, and originally listed in Nov at $950k, dropped to $790k 12/9, the 1/14 dropped to $490k. Its not showing up in RealtyTrac. Not being all that savvy in the RE dealings and ways, I can only speculate the seller desperately wants to stay in their home as long as they can, and/or they want to bid up the price as high as possible and/or what does either care, it’s the bank that accepts/denies the offer anyways. And I have to agree with you that Leucadia has a wonderful ambiance compared to newer Carlsbad. We lived on Grandview in a little apartment west of 101 in the late ’80s. If I ever won the lottery, I’d be looking in old Leucadia, old Encinitas or old Carlsbad. So much wonderful charm! Jinx on January 15, 2011 at 7:53 am Deb, I wondered about that house too. Are they just fishing for an offer so they can submit their short sale package to the bank? I wouldn’t think that a bank would let it go for that low – but I guess that’s a question for Jim. I’ve had some offers in on short sales that were priced below market and both times the bank came back asking for more money. osidebuyer on January 15, 2011 at 8:19 am There’s also the giant oceanfront plot in San Clemente (Marblehead?) that’s been stalled on and off for 50+ years Jim the Realtor on January 15, 2011 at 8:31 am Regarding Valleyside: From Conf remarks: Subject to seller and short sale approval. pool is cracked and is empty..1/2 of one 1% of commission to go to jazzy jazz tc servcing for processing SS.. From disclosures: Litigation Disclosure. The PROPERTY has been the subject of at least two lawsuits during the SELLER’S ownership. Allegations included construction defect related to soil compaction, grading, and a faulty pool installation. Subsequent allegations include slope failure resulting in damage to neighboring property(ies). Broker’s understanding is the resolution of the litigation will require the purchaser to repair and/or removal of the existing swimming pool on the PROPERTY and undertake slope retention remediation. Art Eclectic on January 15, 2011 at 8:35 am “Broker’s understanding is the resolution of the litigation will require the purchaser to repair and/or removal of the existing swimming pool on the PROPERTY and undertake slope retention remediation.” Cha-ching. Deb on January 15, 2011 at 8:48 am See–this is why we love ya Jim! Thanks for the intel on Valleyside. Between the remediation costs and legal fees, wow… clearfund on January 15, 2011 at 8:53 am kudos to that agent for including enough of a description in the remarks to truly alert the buyers of the magnitude/scope of the issues. I know that many agents would simply minimize the issues and say something like “possible site work needed. buyers must conduct their own research”. College Joe on January 15, 2011 at 6:16 pm Geez….no wonder it’s so low! I love that area, nice homes, sizable lots, quiet…yet close to shopping and everything! You’re also not packed in like further in Olivenhain. Thank Jim! I knew you would find the answer. Joanie in Carlsbad on January 15, 2011 at 9:29 pm This is why I simply spit fish when told that we need to cut back even more on our water usage. (Which they will do again eventually when we are in another natural cycle of less rain) Another big group of houses and stores that will all get their share of the same sized pie. We need to do some serious infrastructure fixing before we add so many more houses to Carlsbad. Anyone have a picture of the old hippie houses that used to sit up on the bluff there at La Costa and the highway? I vaguely remember them as a kid, when we would go to the Leucadia flea market when it just down the highway from there. Had the best bargains at that old flea market! John H, Adams on January 23, 2011 at 10:40 pm where was everybody 5 years ago when we were fighting this thing? You can see the whole master plan on the city website. The southern parcel, could still be saved for open space if the we the people unite together, before the bulldozers start in on it. The city could sell the Crossings and the buy this parcel for open space for all the residents of Carlsbad to use. Submit a Comment Connect with: Your email address will not be published. Required fields are marked *Comment * Name Email Website Subscribe to our email updates as well.