Written by Jim the Realtor

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August 31, 2011

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Here’s a new REO listing with some pop in Carmel Valley.

Guess the sales price in the comment section, and the closest will win tickets to a Chargers game – it might be one of the last times to see them play in San Diego!

72 Comments

  1. SD_Coastal

    Sells for $929,500

  2. mybleachhouse

    1.12 million. It seems small for 3400 sf.

  3. swm

    Bidding war takes it to $1,111,111.00

  4. Kwaping

    My guess is $935,000.

  5. bubblenerd

    $1,143,687, final answer.

  6. fcc

    My guess is $918000.

  7. Amy P

    I don’t like the downstairs bathroom ceramic, but the stone throughout the house is very nice (maybe with the exception of the DARK shower). Somebody did a good job choosing the stone–they didn’t just grab whatever was for sale. The kitchen is nice (not at all dated) and the upstairs bathrooms are nice, too.

    This one looks really good.

  8. Kingside

    $1,065,000. My guess is with a $417,000 conventional loan.

  9. Jim the Realtor

    fcc,

    Do you have any friends that might want to buy it?

    Amy P., Would you like to guess at the eventual sales price and get in the running for the Chargers tickets (or Padres if you prefer)?

  10. dejams

    My guess is $1,080,000. I would be surprised if it sells for less than $1M.

  11. NateTG

    The trick with these seems to be to wait until just before closing, and pick the 95th percentile – or so – of the guesses here. Of course, that’s unsporting….

    I’ll guess $1,129,995.95

  12. Daniel(theotherone)

    The winning guess is $1,116,500.00. This after two failed pendings because the bank can’t make up its mind.

  13. Jerry

    $1,045,000 is my best. Sellers bragging rights for “Over a mil”.

  14. Spider

    $956,000

    Give the tickets to some young fans out there. I won’t be able to make it to the game, I’m in New York.

  15. Gregory

    $1,029,900 — should do it.

  16. Amy P

    JtR,

    Thanks for the offer!

    I’m not participating since I’m not local and don’t have a feel for your market. I’m in Texas, and our prices max out at around $100 per square foot.

    Love the videos!

  17. Justin D

    $1,075,000. I’ll make sure it closes at this price. πŸ™‚

  18. casanova

    final sales price will be 1 million!

  19. Michael

    $1,058,000 is my guess. Fingers crossed.

  20. Another Investor

    $975,000, and send some deserving kids to the game if I’m right.

    A lot of people are going to see this house as needing some updating/upgrading. The new carpet looks like the FHA grade and there are too many different types of flooring. The second bath upstairs is too narrow. The cabinets look like they have been painted and then modernized with satin nickel hardware. The granite and marble are too different and I personally dislike the marble.

  21. ocsecondhome

    I’ll say $968,500

  22. JRB

    My guess is $989,500

  23. Records clerk

    I would say $1,055,999

  24. College joe

    My guess:

    $981,103

  25. bobfather99

    1.2 million is my guess. Im in Indiana, so if I win find a couple deserving Charger fans and give them away.

  26. Jay the Realtor wannabe

    My WAG: $940,000

  27. Jim the Realtor

    Interesting to see several guesses over $1,000,000 – have we been too pessimistic in the past, like NateTG mentioned?

    There are two comps this year on Cloverhurst that have sent the neighborhood spinning:

    http://www.sdlookup.com/MLS-100073232-10922_Cloverhurst_Way_San_Diego_CA_92130

    http://www.sdlookup.com/MLS-100071915-10982_Cloverhurst_Way_San_Diego_CA_92130

    The momentum plus resort-style pool caused this buyer to pay a big pop for a property that backs to Carmel Country, a busy four-lane street:

    http://www.sdlookup.com/MLS-110014049-10871_Cloverhurst_Way_San_Diego_CA_92130

    Those that have experienced the canyon setting on Cloverhurst might agree that it deserves a big premium for its very tranquil feeling, with interesting night lights way across the way. The new REO listing doesn’t deserve the same or similar premium.

    But the next-door neighbor’s price is going to be the greatest influence, even though they probably think that they paid too much now.

  28. IRE

    I’m going with $1,025,000. Nice new picture Jim! πŸ™‚

  29. Dave E

    $993,000…Go Bolts!

  30. Profhoff

    $964,890! Nice, sleek feel though that bath upstairs is tight.

  31. Mojo

    $1,150,000. It’s Carmel Valley!

  32. big perm

    Put me down for $951K. Stay Boltz!!!

  33. Goldwater's Ghost

    $1,113,000; don’t know how I’m going to collect the winnings, being that I live in Philadelphia.

  34. NateTG

    “Interesting to see several guesses over $1,000,000 – have we been too pessimistic in the past, like NateTG mentioned?”

    I’m not sure pessimistic is an appropriate adjective: Those of us who are looking to buy would see lower prices as a positive. And, I expect, Jim and other RE agents want to see lots of volume – but don’t really care that much about price.

    Moreover, it seems like the house should sell to the people willing to pay the most for it. So, if the comentariat is roughly representative of the buyer population, then we would expect the price at the top of the range.

  35. JimT

    I will give it a try $1,020,200. Bolts game would be nice!

  36. clearfund

    Prediction #1 $989,500

    Prediction #2 Broncos 27, Chargers 17
    Tebow Nation!!

  37. rodeman

    My guess: $1,105,500

    Donate the tiks to some deserving youngsters. Since the Bolts will be coming to LA, I’ll have ample opportunity to catch em.

  38. pwheat

    Jim, I am going to say 989,000. Great job on the videos! By the way, my wife says you need to remember your sign off “I’m Jim the Realtor” at the end of your videos. She says every great broadcaster has their own way of saying goodbye and that’s yours!

  39. GameAgent

    $959k (I’ll take the Green Bay game)

  40. mtb

    I was going to guess $989k, since that has already been taken I’ll go with $985k.

  41. SDNY

    979,500 is my guess.

  42. FreedomCM

    I agree about the first floor flooring. Should be wood throughout. Who would put good looking wood in the kitchen, but then cheap carpet in the dining room?

    While watching, I kept thinking $967 should get it done. Though I suspect someone will fall in love with it and given the small inventory, it could well get bid up over $1M…

  43. Patriots fan

    $1,025,000 is my estimate . A beautiful home…..

  44. livinincali

    Buyer will only be able to say he stole one from bank if it’s under a mil, so 999,500.

  45. shoppingaround

    Haven’t a clue about CV, but may I suggest: if one of your out-of-town fans wins, that the Carlsbad Boys and Girl’s Club might be happy to take the tickets?

  46. pepsi

    my guess $975,800 ($320/sf)

  47. looking

    $1,050,000 even though I know nothing about CV…

  48. Oracle

    My guess will be $988,800….

  49. KO

    $1,010,000–school is in session.

  50. CIAHOLE

    $900,001 today in cash

  51. Waters End Owner

    1,300,000 easy. Probably higher

    Broncos, Broncos, Broncos !!!

  52. MoJo

    I’d expect the final sale price to be $1.043M.
    Great post BTW Jim. Paints a clear picture and relays most of the basics in a few short minutes. Keep it up.

  53. Ray Ong

    $1,239,000.

    Its a nice house, but I would rather have half the house and twice the yard.

  54. CVwatcher

    $899,999- are the cabinets from ikea?

  55. David

    $1,250,000 something about a fool being born every minute…

  56. DNR

    $1099k
    Charger power!

  57. JG

    $957K should do..

  58. Susie

    $986,500 If I win, Jim, find an ice cream truck and give the tickets to the guy inside…

  59. LCJIM

    $980,000 should lock up a win.

  60. Myriad

    Jim, my guess is $1,035,000. Since I’m late again and I don’t think anyone has guessed this range yet.

  61. stryker88

    994,500 go Bolts!

  62. Jason

    $1,123,500. Never been to chargers.

  63. MDS

    Overpriced for CV but I’ll guess $1,019,000

  64. Jim the Realtor

    I’m not sure pessimistic is an appropriate adjective: Those of us who are looking to buy would see lower prices as a positive. And, I expect, Jim and other RE agents want to see lots of volume – but don’t really care that much about price.

    Moreover, it seems like the house should sell to the people willing to pay the most for it. So, if the comentariat is roughly representative of the buyer population, then we would expect the price at the top of the range.

    Except this is a contest to guess the sales price, not what each contestant would pay for it.

  65. Shea

    $1,200,000. Just because.

  66. Local Boy

    $1,021,000 Quick Close

  67. AH

    My guess is $1,151,000

  68. Stephen Russell

    $1,007,555 my guess

  69. Mcjdawg

    $974,000. That is my guess

  70. Peavy

    $1,075,500 my WAG since some shoes are dropping.

  71. Jeeman

    If it’s not too late (still catching up on JtR posts), I’d estimate $1.05M.

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Jim Klinge
Klinge Realty Group

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