Thursday, September 14, 2006

883 Antilla Way, San Marcos, CA 92078

We're heading up to San Marcos for this post as we focus on a home that was purchased in early 2005 that's been listed and relisted a few times.

Also noteable as that the houses on each side of this property are also for sale.

Type: Listed on MLS(#066078490)

Resale Price: $887,500
(Range priced $925,000 to $850,000)
Cost: $931,887

Loss@6% Sales Expenses: $97,637
Loss%: 10.48%

Purchase Date: 03/03/2005
Holding Period: 18 months and counting...

Bedrooms: 5
Bathrooms: 4.5
Square Feet: 3,607

Purchase Details: view


Anonymous said...

This is not the end of it.

Idiot who just bought it for $887K will sell it for $700k in 18 month.

Sven said...

I don't think it has sold yet.

Mr. Brightside said...

If you look at the posts that point out specific properties, they will either indicate "Listed on MLS(#066078490)" or "Closed Sale".

This one is still listed.

JustJim said...

I know this development--it's a nice property in a respectable neighborhood--but the builder (Pulte) has slashed the asking prices on the few remaining unsold homes by >$120,000--and these have nice ocean views, unlike this resale.

Poor flippers--the builder's going to sell no matter what!

ocrenter said...

standard pacific has a project just a couple of blocks down from this house of 132 homes, they maybe sold 20 so far. the largest model is at 3,400 sqft and asking $720,000.

of course this isn't an apple to apple comparison, but still, over $150,000 difference in asking price over a very similar home near by. I don't think they'll see a buyer anytime soon.