Written by Jim the Realtor

January 1, 2012

The sales history of this property is displayed at the end of the video.

With a 20% down payment and adding 0.50% to what the 30-year conforming rate was during the month it closed, here are what the payments would have been:

Year Sales Price Rate P&I Pmt.
1992 $950,000 9.34% $6,301
1994 $920,000 9.69% $6,237
1998 $965,000 7.41% $5,350
2003 $1,387,000 5.90% $6,581
2006 $1,880,000 7.05% $10,056
2012 $1,649,000 4.50% $6,684

11 Comments

  1. tj & the bear

    I like it — problems are minimal and all cosmetic. Too bad (a) they want too much and (b) I couldn’t afford it even if they didn’t.

  2. anon

    Freeway noise. Automatic disqual. Lived next to freeway in Carmel Valley in college — bad for nervous system.

  3. doughboy

    Someone should gobble that up at 2003 price pretty quickly, if the sellers are willing to sell!

  4. GameAgent

    When rates go up… bombs away!

  5. Jim the Realtor

    Helicopter Ben said he’d keep rates low for another couple of years (until everyone is at peak frustration!).

    They lowered the price today on the house in the video to $1,585,000 = min $300,000 loss for seller. His loan is around $1M.

  6. MarkB

    Nice place and doughboy’s comment is spot on.

    You are right about plain janeish too. I would get new cabinetry throughout and several grand worth of oriental rugs to lay on top of that ceramic.

  7. Jay the Realtor wannabe

    Hey! I’m 32 and read every post and watch every video. I prefer one-story houses too though…they’re not just for old fogeys.

  8. Jay the Realtor wannabe

    I knew about quadrophonic stereos…I remember my father’s old system which he kept during the 80s before he upgraded to a CD based system.

    Never knew the history behind it though…thanks for the interesting link!

  9. big perm

    I’ve been down Rancho Santa Fe Farms to Rancho Sol many times, but had NO IDEA there was a gate and community of HUGE houses back a little ways there. I don’t remember seeing off the freeway either! What is that place called? Got to go check it out!

Jim Klinge

Klinge Realty Group
Broker-Associate, Compass
Jim Klinge

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CA DRE #01527365, CA DRE #00873197

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