Carmel Valley REO Cheapie

Written by Jim the Realtor

February 15, 2012

There are a few listings around Carmel Valley that came out hot this year…..but haven’t sold.

Will buyers snap up the less-expensive offerings, in spite of a flaw or two?  Or will they wait?

The REO in this video may not be a perfect test, because it’s down around where investors might get interested. But it appears that closed sales are stumbling a bit around the CV – last year there were 31 detached closings between Jan 1 and Feb 10th, while this year there were only 23.

http://www.sdlookup.com/MLS-120008431-13595_Lavender_Way_San_Diego_CA_92130

11 Comments

  1. Jay the Realtor wannabe

    Should sell quick at that price…still laugh at that low entertainment alcove under the stairs.

  2. Interesting

    I guess that low income buyer who swooped in right before you listed this fell apart?

  3. college joe

    It doesn’t really matter what the price is…I wouldn’t want my family living in that house. It’s dangerous!

    It’s not a matter or if a car will come through that fence, into the back yard & then into the family room…it’s a matter of when.

    Attractive price though. But for 579K, I think I’ll look somewhere else where a car isn’t going to fly through my family room.

  4. Mark

    You could get some of those concrete-filled pipe bollards installed along the fence line. If they’re tall enough, that would virtually eliminate the possibility of any car coming through that fence.

    Maybe a couple thousand dollars to have that professionally done? Just a guess.

  5. JimG

    I’m surprised you got that one in 92130. Good luck!

  6. Jim the Realtor

    Surprised? I’m the King of Carmel Valley! 😆

    2 offers in so far.

  7. Hankster

    I would be careful on the corner of RSF Farms and Carmel Valley.

    I checked on a few sites a year ago it it showed registered sex offenders lived in the apartments down the street.

    I would check again

  8. Clark

    “Easy care ceramics.”

  9. Just some guy

    @Hankster

    The unfortunate reality with sex offenders registry is that they will list their primary residence at a particular location, but will often reside somewhere else.

  10. BootyJuice

    Jeebus that’s a heckuva deal, be interesting to see what it closes at.

  11. Don S

    Jim,
    I’m trying to figure out how long it takes the asset manager @ BofA to give the ok to list the property from the time it is assigned to an agent.

    I have a property in mind and is owned by BofA but is still not listed though assigned to an agent.

    Thanks,
    Don

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Jim Klinge
Klinge Realty Group

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