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4336 Highland, Carlsbad

5 br/4 ba,  4,193 sf

$1,700,000  SP 9/06

$1,306,400  TS 2/08

$1,095,000  LP guess

First Franklin shouldn't be too surprised that this came back, the down payment when purchased for $1.7 million was $40,000, and the buyer had over $1 million in loans outstanding on other properties.  The last short-sale listing cancelled last month mentioned that the bank's appraisal was $1.45 million, the list price was $1,200,000, and still no sale.

YB: 1983  HOA & MR = 0

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14425 Cheyenne Trail, Poway

4 br/4.5 ba,  6,455 sf

$2,450,000  SP 7/04

$2,781,335  TS 1/08

$2,250,000  LP guess

I know that the house on Bryce Point went pending this week, but this REO could cause values to take a step back around the Heritage Golf Estates.

YB: 2001  HOA = $339, MR = 0

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16716 Valle Verde, Poway

4 br/4.5 ba,  4,094 sf

$1,650,000  SP 2/06

$1,300,919  TS 12/07

$1,095,000  LP guess

This REO sold for $1,200,000 in 2004, and with its age it needs to revert to that price or lower.

YB: 1978  HOA & MR = 0

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17466 Luna De Miel, RSF

5 br/4.5 ba  4,125 sf

$2,500,000  SP 5/06

$1,883,170  TS 10/07

$1,595,000  LP guess

The trustee sale date was scheduled for October, 2007 - not sure what is holding this up, but once it hits the open market, don't be surprised if it scales back to the price it sold for iin 2004 - $1,590,000. (that buyer got foreclosed on too)

YB: 1990  HOA = $38  MR = 0

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5971 Avenida Chamnez, La Jolla

4 br/2.5 ba, 2,467 sf

$600,000  SP 3/98

$1,050,610  TS  11/07

$1,195,000  LP guess

The previous remarks indicate that this appraised a couple of years ago around $1,800,000, but it's just the type of house that makes for a hard sell these days.  Smaller house, yard is all pool, 8 ft. ceilings, and wood shake roof will cause the price to be substantially lower.

YB: 1959  HOA & MR = 0

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3542 Jasmine Crest, Olivenhain

6 br/7.5 ba,  8,751 sf

$3,263,821 min. bid

trustee sale was scheduled

for last week

$2,000,000  LP guess

Newly constructed in Olivenhain (and may need some finishing touches) on a 2.1-acre lot in Wildflower Estates overlooking the Bridges golf course in RSF. 

YB: 2007  HOA = $371/mo.  MR = 0

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