Really, that house only needs a little renovating. Even the kitchen wouldn’t look so bad if the wall paper came down.
I don’t know about San Diego, but where I live many of the older homes in my town (the most desirable area to be in) are on wee spits of land (1/4 acre) and many have no back yards. Doesn’t seem to keep buyers with kids away.
Do trash haulers in SD offer garage pickup? They do where I am - so no hauling trash cans at all.
Seems to me a perfect house for young buyers to get into that neighborhood inexpensively. It’s definately a house one could move into and then renovate over several years.
Because the house is on a hill, plus being raised up off the street, it has lovely views of Mt Helix and the surrounding area. A view of Mt Helix is a big draw in the area.
Heck, by the time the elderly couple realize that 6 months on the market might mean you are priced wrong…I may still be out looking. Not sure how people can be stubborn when they haven’t received any offers at their price
I wonder if some of these seniors are using the price as a ploy to avoid having to move. They might be getting pressured by family to move to assisted living or whatever, but don’t want to go, or at least put it off as long as possible. So they hold firm on an unlikely asking price.
My agent called me up last week to go see this property in a desireable area of San Diego
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The house is advertised as 1,800 sq ft, but I can guarantee there is only about 1300 max. I think the other square footage must be the dungeon workshop/laundry/bathroom located downstairs. I cannot imagine that it is permitted because there is no insulation or heating down there. The listing agent agrees that the square footage on the records is erroneous
House only has 2 bed 1 bath and there really isn’t any way to carve a 2nd bathroom and/or create a master suite in the house. The only selling point is the huge sloping back yard which is valuable in that area.
Right now there are already 2 offers on the house but I don’t think the offers are very strong. I have done a lot of research and I think it can only come back out onto market with a 2nd bathroom for about $925k. Not enough room so I am going to pass on this one
On Saturday I went to an Open House of this property in Point Loma
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This house is a hodge podge of illegal additions and dark rooms. The rooms are dark because the owner enclosed the entry walkway and an area outside for an enclosed patio and pretty much blocked off interior light. The enclosed patio is an illegal addition, with cracked patio slab inside. There is also a legal addition of a 3rd bedroom/family room area but no bathroom. So, the house is essentially a 3 bedroom 1 bath house.
But the interesting thing is that there are views to downtown over a canyon from the back yard. If the house could be opened up, lightened up and angled toward the views it would be a lovely little home. The house is under the flight path but has been retrofitted by the Airport Authority with triple pane windows, new furnace and AC (part of what is called the Quieter Home program by the Airport) The new windows in the house are the only thing it has going for it.
I did a lot of research and little homes in this area sell really fast because they are priced reasonable…well, define reasonable around here A remodeled house up the street with same larger lot, but remodeled really well, just sold in 1 week.
I met the listing agent and talked through a lot of issues with her. Tenants are moving out May 1st. We are going to talk today and I am going to make an offer through her representing me. I will see how it goes and whether there is other interest in the house
When we were relocating, we put an offer on a lovely little home up the street (we would have had to add a bed and bath) but were outbid by parents buying a home for their college bound daughter. There can be some nice views from that block.
Consolation - it is mostly the price for the lot and location. Price per square foot is absolutely meaningless unless we are talking about a subdivision with alike homes on similar lots.
The question in my mind was actually what it would go for as an empty lot. The value added of the current house would seem to be very small. What is the upside price for that neighborhood, I wonder.
Also, the last flip had a much better house on a better lot in a much better location, and the PPSQ wasn’t close to that, if memory serves.
