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Subject: 377-407 Bonair

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Author Messages
Just Someone
Posts:157
03/05/2008 3:34 PM Alert 
Block of price drops on row homes:

383 Bonair St $895,000 2 / 2.5 1,529 $585
381 Bonair St $895,000 2 / 2.5 1,620 $552
405 Bonair St $895,000 2 / 2.5 1,620 $552
379 Bonair St $995,000 2 / 2.5 1,620 $614
403 Bonair St $995,000 2 / 2.5 1,620 $614
377 Bonair St $995,000 2 / 2.5 1,529 $651
401 Bonair St $995,000 2 / 2.5 1,529 $651

plans

MLS:066096484
407
Price Reduced: 03/05/2008 from $999,000 to $895,000
Price Reduced: 12/18/2007 from $1,150,000 to $999,000
Price Reduced: 09/11/2007 from $1,200,000 to $1,150,000

MLS:066096442
377
Price Reduced: 03/05/2008 from $999,000 to $995,000
Price Reduced: 12/18/2007 from $1,250,000 to $999,000
Price Reduced: 09/11/2007 from $1,350,000 to $1,250,000


Just Someone
Posts:157
03/05/2008 3:43 PM Alert 
Unsplit property references:

http://www.sdlookup.com/Property-D500F589-377-83_Bonair_St_La_Jolla_CA_92037
11/01/2004 $4,550,000 1y 264% 241%
10/14/2003 $1,250,000 7y 8m 121% 11%

http://www.sdlookup.com/Property-1DEF7AED-401-407_1/2_Bonair_St_La_Jolla_CA_92037
10/14/2003 $1,215,000 n/a
LJczar
Posts:115
03/05/2008 8:39 PM Alert 
I need to go by there and look at these again. At $895K these might be the nicest condos you can buy right now in LJ. Given the location of course.
LJczar
Posts:115
03/11/2008 11:35 PM Alert 
Like I said, they bumped the price another 30K and 2 went pending the next day.
Just Someone
Posts:157
05/20/2008 5:32 PM Alert 
50k drops for all
now down to 945k, and 845k
waterboy
Posts:21
05/20/2008 5:54 PM Alert 
Did either of those 2 pendings close?
Just Someone
Posts:157
05/20/2008 6:29 PM Alert 
8 still listed, so the answer would be...
jam
Posts:18
05/27/2008 8:09 AM Alert 
Has anyone on the board been inside these townhomes on Bonair? The renderings in the MLS listings look good...i'm also intrigued by the solar aspects. I'm out of state and appreciate in info on finishes, layouts, quality, views, etc.
Brian
Posts:2210
05/27/2008 8:43 AM Alert 
Posted By LJczar on 03/11/2008 11:35 PM
Like I said, they bumped the price another 30K and 2 went pending the next day.




Those are games Realtors play. They just mark a listing "pending" before they relist. Just to make people think that there's some real interest. With 8 units, they just juggle one after the next.

If you see this and are really interested, ask if escrow has been opened and funded with earnest deposit money. Best to ask your Realtor in an email and have her answer you in writing. If no answer, then it means the place is not pending.

jpinpb
Posts:1450
05/27/2008 9:00 AM Alert 
Brian - I was not aware that realtors are pulling "pending" when it's not. Can they do that? Seems like they could get in trouble for doing that. They are stooping lower and lower.
waterboy
Posts:21
05/27/2008 9:39 AM Alert 
"Can they do that? Seems like they could get in trouble for doing that"

Who is going to regulate them. The Realtor designation has lots of nice comforting language in its code of ethics and other bylaws, but nobody to crack down on violations. I'm sure one could say they placed it "pending" because they were told that a offer was being faxed in.....all kinds of excuses could be made if they actually did get questioned. We all know how many listings are taken off for a day and then relisted as new...not suppose to do that if you aren't changing agents.

I just wish they would regulate the idustry more as it can be such a large financial decision for most. The financial services/securities industry is starting to get it right and has cleaned itself up in the last few years, but still lots of shady activity....at least a small handful are being caught and thrown in jail.

Would those long term honest & sucessful realtors in San Diego welcome more compliance to help wash out those that don't belong? I believe they would.
Brian
Posts:2210
05/27/2008 10:38 AM Alert 
Waterboy got it exactly right... "Opps, we had an offer, but it fell through, sorry" would be the response from the Realtor.

That's why I say that if earnest money has not been deposited and escrow not opened, then it's not pending.

PBMc
Posts:10
05/31/2008 3:15 PM Alert 
Been listed since 2006? Wow, they probably have a good way to go, especially in this market. Must have some deep pockets to pay for 8 empty CONdo's for this long. Given the fact that we're almost 1/2 the way thru 2008 and the spring bounce is subsiding, my guess will be 699-899K by Sept 1 2008. I'll go to the open house if/when the 2nd to worst model has a price that starts with 6.
coqui74
Posts:17
05/31/2008 5:55 PM Alert 
I've been in them - the location is amazing. The townhomes themselves are quite modern and nice - I didn't love how the space is stretched out over 3 floors - each floor doesn't seem to be that spacious. From one of them you can see the ocean from the bedroom. Even without a view they are very worth checking out at the current price. They are very clearly ALL uninhabited - didn't hear about any pending anything from my realtor.

I think I remember the HOA was low (200s).

Ask if you have other questions - I'm sure there's stuff I'm leaving out.
Just Someone
Posts:157
08/12/2008 4:40 PM Alert 
405 just sold for 800k...
http://www.sdlookup.com/MLS-066096478-405_Bonair_St_La_Jolla_Ca_92037

The price is set, everyone go buy ;)
Brian
Posts:2210
08/12/2008 4:58 PM Alert 
The key to is find out WHO bought. Could be the developer's mother-in-law or favorite Realtor who will put the unit back on the market in 6 months.

People do arrange for such transactions to manipulate appraisals and comps.

Just Someone
Posts:157
08/21/2008 3:46 PM Alert 
Prices now 800- to 850k. One down, seven to go

407 Bonair St $800,000 2/3 1,529 $523 $205 643 2007
381 Bonair St $800,000 2/3 1,620 $494 $205 643 2007
403 Bonair St $800,000 2/3 1,620 $494 $205 643 2007

377 Bonair St $850,000 2/3 1,529 $556 $205 644 2007
383 Bonair St $850,000 2/3 1,529 $556 $205 643 2007
379 Bonair St $850,000 2/3 1,620 $525 $205 643 2007
401 Bonair St $850,000 2/3 1,529 $556 $205 643 2007
LJczar
Posts:115
08/23/2008 9:18 AM Alert 
One year later... I bet they're sorry they didn't start out in the 800's.
Just Someone
Posts:157
10/02/2008 4:51 PM Alert 
407 closed for 800k... that's 33% off the original asking of 1200k

407
PatentGuy
Posts:7
10/05/2008 3:13 PM Alert 
I know the street and the outside of these units - how are they on the inside? Coqui74 says they are "modern and nice" - but can someone elaborate a bit?

Are they quality/tasteful construction that will still look good 20 years from now (or even ten years from now)?

Does anyone know the reputation of the builder?
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 Forums  >  City of San Diego  >  La Jolla  >  377-407 Bonair
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