How many times in your life will you get the chance to purchase a newer 3,372sf one-story with full ocean view on a culdesac in a gated community for $2,175,000 that is Carlsbad-adjacent? In a previous video we shopped for slabs – this is the house:
We agree that location is everything…..especially if you can squeeze into something smaller!
One house doesn’t speak for the whole market but it sure felt like it was already peak selling season this weekend. We had 160+ people attend, received eight offers so far, and it’s already $100,000+ over list:
This should close higher on price – want to take a guess?
11043 Cedarcrest Way, San Diego, 92121
3 br + den/2.5 ba, 2,000sf
YB: 2000
Lot size = 6,163sf
HOA = $53/mo (no Mello-Roos)
LP = $1,450,000
Check out our new listing in the heart of Sorrento Valley! You’ll love this central location that allows for maximum convenience when getting around town – and be on a quiet and friendly culdesac! Three bedrooms plus den, remodeled primary bath, new appliances, new carpet and paint, high ceilings – light & bright – plus a good-sized yard (with new sod) and two-car garage with third bay for storage! Wow – be close to everything here!
Open 12-3pm Saturday and Sunday, January 27 & 28
The new rule about getting profits tax-free went into effect in 1997, and it motivated people to move! The sales history of this house is an example of how it used to be – make a little money and be on your way:
But over the last 10-12 years, people stopped moving so much. Any of the original LCV homeowners were already empty-nesting, so it wasn’t the kids that kept them from moving. Rates were coming down a bit, and refinancing made it a little more affordable – and there wasn’t anywhere else to move locally that was better than what they had already.
Some may have thought that the 2007 buyer got left holding the bag. But he’s now listed for $2,085,000!
The MLS has 14 SFR sales under $2,000,000 over the last 12 months in the 92014 – or about one per month. This flip is priced at $2,399,000 now after being on the market for a couple of weeks towards the end of last year for $1,999,999. They paid $1,665,000 in August.
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
