Doubled Up in Carmel Valley

Written by Jim the Realtor

March 25, 2012

These sellers just paid cash for this house:

http://www.redfin.com/CA/San-Diego/6610-Three-Canyons-Ct-92130/home/21852565

So I guess they can ask whatever they want for their old house:

11 Comments

  1. Amy P

    I don’t normally care for dark stone bathrooms (or stone baths, period), but I like the upstairs bath with the dark granite and white accents.

  2. Tom Stone

    The sellers paid cash for it? That doesn’t sound like an arms length transaction.

  3. Jim the Realtor

    They moved up to Three Canyons, dropping $1.81 million cash – only to have a neighbor list a similar house 3 days later for $1.2 to $1.5 million and go pending immediately as a stinky short-sale.

    The last previous sale on Three Canyons was $2.225 million on 6/10/10, with six others from the peak era closing higher. The highest was $3,050,000 in October, 2006, which is now the stinky short-sale.

  4. Another Investor

    The carpet is dirty and worn, the granite tile looks tacky, and the finish on the bathroom cabinets is worn. Other than the lack of a neighbor overlooking the back yard, I see nothing to distinguish the house. Using the five percent over the last sale approach might not work here.

  5. Just some guy

    creepy dentist inspired artwork…

  6. Mitesh Damania

    LOL!!! A million for that? A sucker is born every minute. Btw, where are people getting this type of money?

  7. Jim the Realtor

    People wonder about CV buyers, so I went a little further than usual here to demonstrate who this guy is. The artwork was a dentistry award, but hard to say if that’s all you need to purchase your next house for $1.81 cash, before selling the old one.

  8. Ocrenter

    Maybe having two dentists in the family helps

  9. Mitesh Damania

    Absurd. Then you wonder why medical insurance costs so much.

  10. just sayin'

    $1.5-2.0M neighborhoods in Crazy (Carmel) Valley mostly MD’s (doctors), JD’s (lawyers), or PhD’s. That’s the level of income required to afford those homes. What is surprising to me is how many own multiple homes. If you look in the property tax system (put a high end 92130 street name in) see how many people own 2, 3, or even more homes.

Jim Klinge

Klinge Realty Group
Broker-Associate, Compass
Jim Klinge

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