Magnolia Estates – SOLD!

by Jim the Realtor | Mar 25, 2010 | Builders, Dirt Sales, Market Conditions, North County Coastal | 3 comments

The remains of the former Barratt American tract in Carlsbad has closed escrow. Bank of America had foreclosed on their $7,812,000 mortgage in December, 2008, and they put the whole package of six houses and five lots on the market in May, 2009.

Click here for our first and second youtube tours from last year.

Although the salespeople said in May that the bank was adamant about a quick close, it took until now to wrap things up.

Here is our next, but probably not last, segment in the Saga of Magnolia Estates: