This youtube was recorded on January 19th to show an out-of-town buyer, which was the day it was inputted onto the MLS (before the work was even complete, as you will hear). Today it was marked pending, and another example that buyers are being very active in the new year:
Picking Up?
by Jim the Realtor | Jan 31, 2011 | Bubbleinfo TV, Market Conditions | 7 comments
Another winter like we are seeing now and even Florida RE will start to look like a good investment,
Just kidding,
But seriously it’s cold back there.
That is an odd floor plan. Entirely built for the view and all other considerations secondary. I’m not surprised it got snapped up though. That would be a great bachelor pad.
A house like that for under $700k? What are the recent comps? Seems like a steal, but I don’t know the area well at all.
I don’t see how that subdivision would ever consider itself at the same level as the Covenant, but those houses are nice. I like the odd floor plan.
Odd floor plan but I can see how it got snapped up already. I would really like to see the pictures before the work was done. Great deal if they could do the rehab for no more than 100k. Tile and floor are standard low grade but I’m wondering how much they had to spend on the windows, yard, etc?
I think it was well under $100K – even the fireplace was untouched:
http://www.sdlookup.com/MLS-100048904-1778_Kings_Rd_Vista_CA_92084
Jeeman – not comparing the ‘hood to the Covenant, but suggesting how the cachet of any “special” neighborhood has diminished greatly in value in this conservative era.
People don’t mind buying outside the Covenant if they think they are getting a better value (Fairbanks, Santaluz, Crosby, etc.), especially with regards to the fixers you get in the Cov up to $2M.
Thanks for the link Jim. You’re right, it wasn’t a very extensive remodel.