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. We trusted their judgement implicitly and followed 100% of their recommended changes. When our house finally came on the market, there was a blizzard of serious interest, we had multiple offers by the third day and it sold in just 5 days after a frenzied bidding war for 20% above our asking price! The investment we made in upgrades recommended by Jim and Donna yielded a 4-fold return, in the process setting a new high water mark for a house sold in our community.
In our view, there are no better real estate professionals in all of San Diego than Jim and Donna Klinge. Buying or selling, you must run and beg Jim and Donna Klinge to represent you! Our family will never forget Jim, Donna, and their whole team at Compass — we are forever grateful to them.
Just looking at other 92009 listings in the 3000 sqft range, there are 2 Bressi Ranch homes (backloading with small yards but clean) going for $640k.
The main issue here is ultimately competition. why in the world would anyone want to pay more for SMUSD and additional cost (that yard is ~$30k to fix) when there are clean, ready to move in, newer, and cheaper alternatives in CUSD?
Meanwhile, there’s about 10 listings in nearby SEH/adjacent areas at 3000 sqft asking from $500k to $599k. There’s a SEH home without defects (and low MR) with a big yard that sold for $599k recently.
If I was the listing agent, I would have listed it at $589k. This way it would perhaps pull in either SEH buyers thinking it is worth paying slightly more to have the Carlsbad address. Or Carlsbad buyers willing to settle for the up-and-coming SMUSD for a little saving.
I have a question – a little off topic. All school districts are going to face major budget cuts for the next several years. Which districts will “weather the storm” better? Will “basic aid” districts like Carlsbad and Encinitas be better insulated because their funding comes from property taxes than San Marcos, Vista and Oceanside, which get their money from the state?
Jinx-Brown promises no cuts for K-12-if he can get his tax extension on the ballot. Right now, the Republicans in the legislature are holding that up (preventing it from even going to the voters in the form of one or more propositions).
OCRenter –
The main issue here is ultimately competition. why in the world would anyone want to pay more for SMUSD and additional cost (that yard is ~$30k to fix) when there are clean, ready to move in, newer, and cheaper alternatives in CUSD?
Just checked the CUSD website and Bressi Ranch is within their coverage.
One of the absolute worst floor plans I’ve ever seen.
just some guy,
that’s my point. the house in question is in SMUSD. there are cheaper homes in Bressi that are in CUSD.
Ah, my bad. I completely missed the point. I don’t know why, but I interpreted your claim that Bressi Ranch was in SMUSD.
How much is the lot worth? The only hope for this Winchester Mystery House is Blazenheimer and Burnupski… or Maybe, (better yet) issue a remod challenge to Tom Tarrant. I’ll bet he could make something useful out of this Studebaker with bald tires…
I espescially enjoyed the second floor ‘railing to nowhere’. Looks like Federal Government work. Cash for Stairwells…
JTR, you have a bucket-of-rocks on your hands with this one.
If I had but a few months to live or I won the lottery (or both?) I’d throw an outrageous party at an assisted living place. That would give them something to remember…or maybe not. But they would be happy in-the-moment!
The sound of crickets? *Chuckle* I’m guessing that’s what the LA is hearing with no offers coming in…
Do they really think people will use the formal part of the house?! Look at how much space is taken up for…I’m not sure what: It’ll never get used.
The family room appears to be the size of a bedroom and the master bedroom is horribly designed…a reading room?
I’ll take a reading room in a well-designed 5,000+ sqft where it’s actually nice & big….maybe use it as an exercise area. But that? What do you do?
Who designs these things? I just don’t get it.
How about this place: .44 acres…west of the freeway…nice slope….sloping RIGHT to the freeway!
http://www.zillow.com/homedetails/0-Orpheus-Ave-Encinitas-CA-92024/2130573938_zpid/#{scid=hdp-site-map-list-photos}
$129,000! Bring your investors, Jim…or that’s what the listing implores you to do.
You say there’s nothing price won’t fix….but who would buy this?
I think the theory of “nothing price won’t fix” doesn’t really apply to vacant land that is hard to build on and/or incorrectly zoned and/or has enviromental or other issues. IMHO, almost all freeway frontage land should be zoned commercial. The only major exception, IMHO, is land that is in a neighborhood that was there before the freeway was; that is, there is a bunch of houses with a vacant lot in between and then a freeway is built next door.
Jinx,
It’s already past the deadline for a ballot initiative, and it would fail regardless.
Geotpf,
Ya, I don’t know about that listing. That is one steep slope and it’s backing right to the freeway.
But it has to be worth SOMETHING, right?
tj & the bear, I agree, don’t think it would pass. So which schools will be better off? Those that receive their money from property taxes or those that receive from the state?
I assumed that those whom receive money from property taxes may be less affected, but I just read that Carlsbad is going to bump its class size for grades 1-3 from 20-24 kids per class up to 32 kids per class. Do you think all districts will be forced to do this?
College Joe-IMHO, vacant land, if it is not economic to build on (that is, if you either can’t build on it for enviromental, zoning, or other reasons, or the cost to build something is less than the price you would get when you sell it) is worth less than zero dollars, since there are holding costs (property taxes mostly). Price can’t fix that.
Doh. I meant “the cost to build something is more than the price you would get when you sell it”.
Oh I completely agree. I’m not sure if you’ve seen it, but it is one worthless piece of property. If you’re going to take the time and money to build on that kind of slope, it better have a nice view.
I’m really curious what’s going to happen. It’s like that one REO Jim showed us a while back on Orpheus….a tear down on a worthless lot overlooking the freeway.
Sorry, I didn’t mean to say worthless….it’s basically unusable…which I guess makes it worthless. ha