Bang for Buck

by | Apr 5, 2012 | Bubbleinfo TV | 11 comments

We had a number of requests to show reasonably-priced homes. 

Do you mind going out a little further?

They are improving the 76 highway, and access to Bonsall will be much easier before long.

Map.

Redfin listing, now contingent.

 

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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11 Comments

  1. Gary Thompson
    Gary Thompson on April 6, 2012 at 4:31 am

    Me thinketh you use the term “realtor” loosley!!

  2. avgjoe
    avgjoe on April 6, 2012 at 5:09 am

    the owner of that house has some real class. I wonder what they got for the cabinets on craigslist?

  3. GameAgent
    GameAgent on April 6, 2012 at 7:24 am

    Would the lender really approve a short sale @ $499k? That’s about a 70% loss.

  4. livinincali
    livinincali on April 6, 2012 at 7:25 am

    You could certainly see this one ending up as a flip. Get it for $550K cash and sell it for $650-675K after putting in $30-50K.

  5. Ocrenter
    Ocrenter on April 6, 2012 at 7:36 am

    If sue wanted the kitchen cabinets, then take the entire thing! Don’t leave it half way done. At least the new owner would not have to pay for demo work.

    Jim, how much was the amount owed? Was it 80/20 financing at the peak as well? I can’t imagine the bank would allow such a steep haircut and not ask a single question in regard to the missing cabinets.

  6. Danniel(theotherone)
    Danniel(theotherone) on April 6, 2012 at 8:14 am

    I thought you couldn’t get financing without a kitchen.

  7. Jim the Realtor
    Jim the Realtor on April 6, 2012 at 8:17 am

    Correct, she was taking cash offers only – and had more than a dozen.

    The first mortgage was $1.13 million orginally, but had a NatCity second for $100,000 too.

    I think it will close in the mid-to-high $500,000s, or possibly over 6? The house next door is the same model and was being offered at the same time for $675,000, and it went contingent too.

  8. Jeeman
    Jeeman on April 6, 2012 at 10:36 am

    I remember going up there in Dec 2006 to look at the last set of homes in Bonsall going for $1.3-1.4M. They were out in the boondocks, on a hill, with a stellar view. I don’t know who would buy a home that far out for that much money. The gas costs to commute to a place in San Diego proper is going to run $10-15 each way.

  9. george3
    george3 on April 6, 2012 at 11:31 am

    A local high income professional would buy it.

  10. ocrenter
    ocrenter on April 6, 2012 at 12:35 pm

    a local high income professional will likely not want to live out in Bonsall.

  11. New To LA
    New To LA on April 6, 2012 at 5:43 pm

    4 acres? Is most of it a downhill cliff?

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