Written by Jim the Realtor

September 17, 2013

This is a good example of a new listing in a prime area where offerings have been thin, so the sellers and agent are going for it.

They have a couple of comps:

http://www.redfin.com/CA/Encinitas/125-4th-St-92024/home/4113360

http://www.redfin.com/CA/Encinitas/765-2nd-St-92024/home/4116657

But in the post-frenzy era will those be enough to get buyers to pony up all the money for an old beater that is barely habitable on a smaller lot with no close beach access plus the old school site 100 yards away that has an uncertain future – then add a ‘Notice of Proposed Action’ on file, which probably means that the buyer will be expected to pay for his share of the new $5-million sewer line coming up the alley:

If this is the type of assistance you’d like to get from your realtor, I can help you too – let me know!

4 Comments

  1. avgjoe

    video is working.

    That house looks like it is worth 100,000.00. Is the land worth over 800k? 4356 sq ft is a tenth of an acre.

    800,000.00/ 4356= $183.65 / sq ft of dirt

    no view

    I guess if there is nothing else on the market your stuck.

    But I personally would take my money elsewhere.

  2. Rob Dawg

    Nothing says “home” like a reinforced screen door.

  3. rodeman

    A shade less than a million huh? Has the world gone completely mad..?

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