Covenant Horse Property

Written by Jim the Realtor

September 14, 2011

Back in the day these old Covenant bungalows would fly off the market, and big-bomber spec homes be built….and sold for top dollar.

These days?

They just lowered the price here last week (they started in July at $1.89), now 56 DOM:

17 Comments

  1. anon

    I was keeping an eye out on this property. Problem is you lose elevation to gain peace. I think new trees alone would get rid of a ton of noise.

    3 Mill is about right. Alternative is buy a 2M place and put 500 into the bells and whistles.

    4 acres is a lot to handle….JTR you will come help mow the lawn and pick up pine cones on the weekends? ;0

    JTR what kind of construction loan terms are you seeing- if any?

  2. Another Investor

    Can you still have horses there?

  3. Jim the Realtor

    Yes, on horses but you have to apply to the Art Jury to get permission to build your facility.

    Yes, on construction financing, terms to follow.

  4. Chuck Ponzi

    How does that rate on the stink-o-meter?

    BTW, if it really is in “land value”, I’d rather your video focus less time on the house, and much more on the land. As it were, you spent almost 4 of the 6 minutes on the house. I’d rather you walked the property, reviewed the views, and discussed any property line disputes, or other issues.

    Chuck

  5. anon

    I am interested in land as well. True there are some crap houses for sale below building costs, but I am leaning towards building my own and doing it right.

    At the moment I am probably in an extreme minority right now?

  6. Jim the Realtor

    Sorry to disappoint you Chuck.

    You see, I was hoping to make Gene happier because he complained that the blog used to be funnier, so I thought I’d stay in the house in case I could find something to laugh about.

    Full refund in the mail to you.

  7. Jim the Realtor

    Construction loans: up to $1,000,000 with rates in the high-fours for 10 years with max 80% LTV for owner occupiers only.

  8. anon

    Speaking of land- seems like they are dumping a ton of sanataluz/cielo lots on the market in the last couple of weeks/days.

    $1400/month in HOA fees for the pleasure of living there??

    Don’t know the full story here.

  9. anon

    —-Construction loans: up to $1,000,000 with rates in the high-fours for 10 years with max 80% LTV for owner occupiers only.—-

    Excellent- thanks a lot

  10. anon

    SD suntax

    that is awesome!

  11. Jim the Realtor

    Thanks ‘taxed!

    She must have been petite, and laying just right.

  12. Jay the Realtor wannabe

    Awesome tub ad! *I* appreciate the return of the hilarious videos of outdated homes…they’re my favorite!

  13. Del mar renter

    Jim I would have preferred it if you spent more time telling jokes and juggling circus balls in your video. Cone on Jim, we are paying good money to read your free blog. 😉

  14. David Overfield

    Actually could be a nice lot as Jim suggested. If the new owner moves the house back away from the street and creates a berm & green screen on the road side, it would be much quieter.

    BTW, I didn’t mind the quick house tour; always cool to see what’s inside a beat up old junker like that one.

  15. Jeeman

    Still catching up on the blog….about 6 weeks behind. Interesting property…a definite tear-down.

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Klinge Realty Group

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