Brian
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Anonyn
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| 05/04/2008 1:15 PM |
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| Technically that's considered Hillcrest not Mission HIlls. |
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Brian
Posts:2210
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| 05/04/2008 4:00 PM |
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According to Wikipedia:
Mission Hills is a neighborhood of San Diego, California. It is located on hills just south of the San Diego River valley and north of downtown San Diego, overlooking Old Town and San Diego Bay. It was subdivided on January 20, 1908 as a smaller portion of what is now referred to as Mission Hills. The City of San Diego describes Mission Hills a being the area north of Horton Avenue, South of Mission Valley, West of Dove and Curlew Streets and Reynard Way, and East of the Old Town community area. Mission Hills is part of the 92103 zip code area.
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I guess that makes Paloma Nuevo a part of Hillcrest since you need to be west of Dove (but not on Dove) in order to be part of Mission Hills.
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rick
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| 05/04/2008 8:54 PM |
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I'm new to this site and had a couple of questions.
First, what is "stealth inventory"; and second, does anyone have any recommendations on the best services (realtytrac, etc.) for checking out foreclosure properties.
Thanks for any help available. |
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Brian
Posts:2210
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| 05/04/2008 9:49 PM |
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Stealth inventory is something bloggers made up. OCrenter calls it phantom inventory. It's housing units that are not currently listed and therefore apparently "unavailable" for sale. But they are distressed units which eventually become available for sale at lower prices that torpedo the other listings.
I've never subscribed to any foreclosure service. Please let us know which one you like better. It's smart to do due diligence before buying.
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Brian
Posts:2210
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| 05/13/2008 12:43 PM |
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This new construction is a good one to watch so see how the "high-end" will get creamed.
>>> " This home was built for the family/entertainer household. "
Construction looks abandoned. I don't think there was much entertaining. Look at the bathroom without faucets.
>>> "Please request more information from broker"
That usually means that the property is in distress.
4394 Arcadia Dr
San Diego, CA 92103
Price: $1,249,000
Status: Active
Year Built: 2007
Area: Hillcrest & Mission Hills
Zoning: 1
Beds/Baths: 3 / 3
Square Feet: 3,700 sf
PPSF: $338
Lot Size: 9,300 sf
MLS#: 086005937
Days on Market: 111
Listed: 01/23/2008
Listing Price Changes
Price Reduced: 04/17/2008 from $1,349,000 to $1,249,000
Price Reduced: 04/08/2008 from $1,425,000 to $1,349,000
Price Reduced: 03/09/2008 from $1,590,000-$1,790,000 to $1,425,000
http://www.sdlookup.com/MLS-086005937-4394_Arcadia_Dr_San_Diego_CA_92103
Description
Please request more information from broker
This home was built for the family/entertainer household. As you enter on the main level you will have plenty of room for entertaining as over 1200 sq. Ft. Allow you roam about thru the kitchen, family room/great room all while enjoying views. The 2nd level will allow for 1200 sf master bed/bath/office...
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jpinpb
Posts:1450
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| 05/13/2008 1:41 PM |
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| Still for sale and haven't reduced. Nice place. You're finding some good ones, Brian |
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jpinpb
Posts:1450
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| 05/13/2008 1:43 PM |
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I don't know if this falls into Hillcrest or Mission Hills, but I'm posting it in this thread.
http://www.sdlookup.com/Property-A445EB94-3675-77_Jackdaw_St_San_Diego_CA_92103#22011
No previous sales history, but I know someone that bought in this block in 2005 for 705k. I should put it in the Moster Price Drop thread, too. |
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Brian
Posts:2210
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| 05/23/2008 12:26 AM |
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I'm going to post Hillcrest "cracks" on this thread because they belong to the same zip code, and because SDLookup lumps both neighborhoods into one.
The bank will probably lose about 1/2 to 2/3 of the initial $400k value, after transaction costs, foreclosure costs, defaulted taxes, attorneys, etc..
That will teach them to make stupid loans.
4276_Cleveland_Ave_5_San_Diego_CA_92103
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jpinpb
Posts:1450
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| 05/23/2008 7:56 AM |
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| Brian - I know you are concentrating on condos. If you come across any SFH, would you mind posting those as well? |
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Brian
Posts:2210
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| 05/24/2008 7:59 PM |
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jp, I've been concentrating on condos an anything new than 2000. But I'll be looking at old houses as well now to expend my horizons. I'll post if I see something interesting.
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Here's a Terracina townhouse that's below 2003 brand new developer's price -- I believe a harbinger of things to come. This neighborhood is no good in my view because it's surrounded by hills so you almost feel like at the bottom of a canyon.
3156_Harbor_Ridge_Ln_San_Diego_CA_92103 |
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Brian
Posts:2210
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| 05/29/2008 2:05 PM |
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Here's an interesting house to look at.
As featured on Bubble Markets Inventory Tracking. So much for "solid" pre-bubble buyers.
4298_Hermosa_Way_San_Diego_CA_92103
4298 Hermosa Way
San Diego, CA 92103
Imagine the luck of perfect timing bestowed upon thee. Well, [owners] knows all about that as they were able to buy their 1,130 sqft home at 4298 Hermosa Way in the expensive and established neighborhood of Mission Hills just next to Old Town San Diego in November of '95 for $255,000.
Unfortunately, the lure of that housing ATM got them good. In 2002 [owners] dipped in for $383,000 in refi's and HELOCs. In 2004 the itch came back, and this time they went all out and refi'd and HELOC'd $774,400.
3.5 years later, [owners] just got their NOD. How many [such owners] are there all over established neighborhoods across San Diego? Only time will tell... |
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Brian
Posts:2210
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punstress
Posts:123
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| 06/15/2008 1:40 PM |
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| Not that it matters, but I live right by the "Mission Hills" sign. You'll see it driving west on Washington Street, halfway down the block after you pass First Avenue. So any of the numbered streets would technically be on the Hillcrest side of the sign, even though they do feel more like Mission Hills. |
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Brian
Posts:2210
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rwsinmissionhills
Posts:311
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| 06/21/2008 10:52 AM |
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| They want 1.3M for a house that looks like it has cheap aluminum windows???? |
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rwsinmissionhills
Posts:311
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| 06/21/2008 11:21 AM |
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This house looks like a Clairemont remodel and so does the house next door. Where exactly is the "Mission Hills appeal?" What is with the big blank wall facing the street and the water meter that greets you as you walk up the front walkway (couldn't they have moved it to a more inconspicuous spot for $1.3M?)
Finally, nothing screams c2000 like overdoing the cheap canned ceiling lights--kind of like shag carpet from the 70s.
I like the photo of the dining area, but the three red candle holders came from Bed Bath and Beyond and cost $19.99 for the set of three (before the 20% coupon). Cute, but come on...who do they think they are fooling ???
Am I just a cranky old coot, or is anyone feeling vaguely swindled by the audacity of this?
boo hisssss
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Brian
Posts:2210
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David_K
Posts:61
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| 08/22/2008 1:39 PM |
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1 house does not an argument make.
The statistics are still in favor of upper class neighborhoods, as the ratio of NODs is much lower compared to areas like Clairemont and Chula Vista.
I'm not saying they are immune, but statistics to this point bear out that the percentage wise decreases has affected cheaper property the most. |
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jpinpb
Posts:1450
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| 08/22/2008 1:48 PM |
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I think there's more than one house listed in this thread.
Brian, you are forgetting my favorite foreclosure 2174 Guy. |
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