I haven’t looked at the specs of the comps you listed, but do any/all of them have 2 car garages?
In this area you might want to keep your car in a garage because of the salty overnight condensation. Also since there are no basements, garage space becomes valuable for storage.
I hadn’t thought about the lack of basement for storage. That makes a lot of sense.
In HI, it’s also have illegal to leave a vehicle on the same spot on a public street for 24+ hours and you can get a ticket for abandoned vehicle, even if all registration is current and its in a proper parking spot in a residential area outside your home. The ticket can cost over $200. Not sure what laws are elsewhere. One of my relatives got such a ticket and was very irked!
San Diego municipal code:
I wonder if that is enforced on residential streets. It seems a little harsh. But I can see why they would need that ordinance to protect the city from issues with abandoned cars and long term parking.
The residents on this street are very considerate. The landscape designer neighbor is kind of like the neighbor ‘watch dog’ and has email addresses for all the residents. She is the one that got everyone to put their trash cans inside their garages during the Open House weekends. She made it very clear to me when we first started to work on the project that, out of courtesy, we don’t park cars in front of other people’s houses. Just in front of your own house. I had a fun time making sure that none of the tradesman parked in front of her house!
So, there is never a problem with parking space in front of the house. It is always clear whenever I arrive, or whenever people arrive for showings.
The parking restrictions are not enforced in neighborhoods away from the beach. I’ve never seen anyone patrolling for tickets, and there are some residents who have cars out for a long time. You can get a ticket if a resident calls the police about an ‘abandoned’ car. I don’t think there is an issue about a car being towed if on the street for a long time.
The issue with garages here is that most people use them for storage and never put their cars in the garage (something Ms Watch Dog doesn’t like). But, this house has a huge crawlspace that has lots of shelves and storage available. It’s an unusual space so I don’t think people realize that the storage under the house, with walk-in access, makes up for garage storage.
I also think that most buyers are not realizing that the patio downstairs can be an off street parking spot, not that anyone would really want to use it that way.
A one car garage is unusual in Point Loma unless you are down in the area next to the beach. However, every house on this street only has a one car garage. If buyers are looking in North Park or other historical areas, a one car garage is standard and wouldn’t even be a deal breaker at all.
If someone is using their car to get to school or work…it won’t be parked for more than 24 hours on the street.
CB…is the crawl space you are referring to the one you mentioned earlier…and someone suggested locking it?
cb: Perhaps put a sign in the garage during showings steering people to check out the crawl space for additional storage. Or add mention of it in the listing.
I think it is time to update the listing description anyway. So, I am going to ask her to emphasize large storage area in ‘basement’.
In what way does it need updating? I mean, I can see that one might not like the bathroom with the bright tile counter, but the kitchen is far better that most flips already, and the master bath is fine (great tub). I am not a fan or carpet, and I don’t like some of the light fixtures, but that’s pretty minor.
Most buyers do not care for the old yellowish oak - it screams 80s. Window treatments, carpet and light fixtures are outdated and are not showing well. The furniture is not showing well either. Whole house kind of has an 80s vibe.
SERIOUS BUYER!
I just got a call from my agent. An agent has contacted her that she has Cash buyers who are very interested in the house and they will probably be making an offer late today. We don’t know anything else. HOWEVER, I cannot get too excited about this because a cash buyer will make a very low offer. Anyone with all cash knows that they are at an advantage and they will fight for a low price.
Oooooooo – fingers crossed, cb!! IMO, you should hold out for AT LEAST $950K.
Technically, I need more than $950k to make all this work have a reasonable return. I have large carrying costs on this one because I bought something out of my normal price range and had to use hard money private loans to make it work.
Keep us posted!!
If you get an offer, can you agent call in any potential offers out there?
Fingers crossed for you! Your house is GORGEOUS and will make a lucky buyer VERY happy!
My agent just ran a program that shows all agents who have used their card to activate the lock box to get the key for entry. There are a lot more showings than we thought. Just this last weekend there were 3 showings that we were not aware of, one of them from an agent that came through twice, Friday and Sunday. Most likely, he previewed one day and then brought his clients another day.
If we do get some type of offer on the property, most likely my agent will call that one agent that brought clients through 3 times and said they are ‘seriously interested’.
Meanwhile, to illustrate how hot that little pocket of streets are - where Adair is located - this property went pending into contract within 8 days at $1,095,000. Small and outdated, but livable (unlike Adair and Coronado were)
4565 Granger, 92107
Fingers crossed for you, coralbrook.