15 Comments

1. 

   swm on January 24, 2011 at 11:36 pm

   Hey! You rotten kids! Get off my rocks!

2. 

   enplaned on January 25, 2011 at 12:23 am

   In the sayings of Chairman Jim, number one (or close to it) must be “it’s nothing money won’t fix”.

3. 

   Suzy Q on January 25, 2011 at 12:30 am

   Hey Jim the Realtor,

   You’re killing me, but looking as good as ever, dude!

   I’m thinking about some blacklights in that bedroom with the shiny wallpaper. What’s with the tacky vinyl counter? O.K., high tension wires, bzzzzzzzzzzzz.

   Just a little sideshow blogger here, and miss your face.

   Boston Sue 🙂

4. 

   Ray Ong on January 25, 2011 at 12:41 am

   Their parents will still be cashing out or dying over the next few years. The oldest boomers are only in their mid sixties, but the next bust will probably belong to them.

5. 

   Jim the Realtor on January 25, 2011 at 5:39 am

   I took out the reference to baby-boomers, sorry.

6. 

   Geotpf on January 25, 2011 at 6:52 am

   I consider a sale due to a death, divorce, or job transfer to be a “distressed” sale. Most of the folks in those categories need to sell their house just as much as a bank does. If you are moving out of state, unless you want to be a long distance landlord (and probably lose money every month in most areas), you have to sell. Many divorces require selling the house to split up the equity. Probate frequently requires a sale if there are multiple heirs, and even if not, you frequently have the out-of-state landlord thing again.

7. 

   Sean on January 25, 2011 at 8:18 am

   So, what would you say to offer on this place JtR? Because I see it suckin up $200k-$250k between kitchen, baths, flooring, paint and landscaping. If you replace windows, etc. you’re probably over that.

8. 

   Jim the Realtor on January 25, 2011 at 9:28 am

   $200-$250K???

   I think you could re-build the whole house for $250,000.

   Home-Depot-grade improvements:

   Kitchen $20,000
   Windows/slider: $15,000
   Baths $10,000
   Flooring $12,000
   Painting: $5,000
   Landscaping: $3,000

   Total: $65,000

   If you used travertine, stainless, and other higher-grade improvements, you might get up to $100,000.

   Yesterday there were two offers expected, so it should sell for $400,000+.

   It is the nicest $429,0000 house I’ve seen in Carlsbad in years, and I’m prejudiced. I sold the 1,618sf house across the street for $181,000 in August 1996.

9. 

   Jinx on January 25, 2011 at 11:06 am

   Speaking of Carlsbad, I’m curious about this one… Have you seen it Jim? There are cracks all over the place so probably a tear down, but its hard to pass up that view and lot size.

   http://www.sdlookup.com/MLS-110001089-2220_David_Pl_Carlsbad_CA_92008

10. 

    Fence Sitter on January 25, 2011 at 12:37 pm

    $430k to live in northern Carlsbad, with a nice view of high voltage power lines??? It doesn’t matter that someone else is between you and the power lines if you can still see them.

    Pass…

11. 

    ARK on January 25, 2011 at 2:52 pm

    Looks like a good rental house. What would you “guess” it would rent for with flooring, paint and some fresh landscaping. We could use another rental here in Carlsbad.

12. 

    Jinx on January 25, 2011 at 3:29 pm

    I know someone who rents a 4 bedroom house on Trieste, one block west of this house for $1,900. The house is in original condition but with new paint and new laminate flooring.

13. 

    Clearfund on January 25, 2011 at 6:51 pm

    What price could it achieve after a flipper level renovation????

14. 

    Scott on January 25, 2011 at 9:19 pm

    I was just thinking the same thing. What’s the flipper exit on this one JTR?

15. 

    Jim the Realtor on January 25, 2011 at 9:35 pm

    I wouldn’t expect more than $500,000, but I never thought they’d get $495,000 for this flipper right under the power lines:

    http://www.sdlookup.com/MLS-100060157-2620_Chestnut_Ave_Carlsbad_CA_92010