Potential Bargain Property July 3rd, 2006
General: Santee, 3 Bedroom 1 bath, asking price range $350,000 to $375,000.
Why you should be interested: Single family residence at a price you would expect to pay for a condominium, in easy commuting distance to most employment centers.
Selling Points: Kitchen looks nice. If the rest of the property looked like that, it would have sold already. Then again, it would also have sold for a much higher price.
Why I think it's a potential bargain: Curb appeal is limited to nonexistent. The neighborhood isn't bad, but it certainly lacks visual appeal on the gut level. On the market over three months and vacant, which motivates a lot of owners to deal. No recent sales within a block, but nearby homes have sold for much more very recently.
Obvious caveats: If there's air conditioning, I can't find it, a real necessity in East County. A buyer intending to live there should probably plan to install it.
Why it hasn't sold already: no curb appeal, unappealing neighborhood, no air conditioning
Fact you should be aware of: The reason for the low price is that it needs work. There's a limit to how much you can do without being a Misplaced Improvement, but this property can be made much more attractive to buyers than it currently is.
Call me. Action Realty 619-449-0723, ask for Dan.
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