Hot Bargain Property August 14th 2006
Wow! Great Bargain and Move In Ready!
General: East County, 3 Bedroom, 2 Bathrooms. Asking price between $500,000 and $525,000. I think $470,000 net would be enough to buy.
Why you should be interested: Well cared for beautiful property in quiet neighborhood with large parks, within 5 minutes of freeway. Close to Mount Helix, and children walk to good schools!
Selling Points: This is a showplace quality home. Crown moldings, huge living and entertainment room, formal dining room and a yard you'll be proud of!
Why I think it's a potential bargain: This seller is motivated. I think he's found something even bigger that he wants to buy, but needs to sell this one first.
Obvious caveats: There's a loft I don't think was legally permitted, but it's not included in the square footage and not counted as a room.
Why it hasn't sold already: It was overpriced. It isn't anymore.
If you keep it ten years and it averages only 5% annual average appreciation per year: Based upon a purchase price of $470,000, it would be worth approximately $760,000. If you held it those ten years before selling, you would net about $360,000 in your pocket, assuming zero down payment. As opposed to renting the $2400 per month most comparable current rental and investing the difference at 10% per year tax free, you would be approximately $210,000 ahead of the renter, after the expenses of selling.
Fact you should be aware of: This is a beautiful property.
Obvious way to enhance value or appeal of property: Not much comes to mind. It's move in ready.
I'm a buyer's Realtor®. I find places like this that can be gotten at bargain prices. I save you money while getting paid out of the listing agent's commission, not costing you a penny. Nor are these the only ones I find. In order to protect everyone's best interests, I require a Non-Exclusive Buyer's Agent Agreement. This is a standard California Association of Realtors form that leaves you are free to work with other agents, but if I find the property you want, I'm the agent you'll use. That's fair.
Contact me: Action Realty 619-449-0723, ask for Dan or email danmelson (at) danmelson (dot) com.
Buy My Science Fiction Novels!
Dan Melson Author Page
The Man From Empire
A Guardian From Earth
Empire and Earth
Working The Trenches
Preparing The Ground
The Book on Mortgages Everyone Should Have!
What Consumers Need To Know About Mortgages
The Book on Buying Real Estate Everyone Should Have
What Consumers Need To Know About Buying Real Estate
Want San Diego MLS?
Add to Technorati Favorites