Tuesday, September 9, 2008 at 10:34AM
Another Oceanside REO w/Slope
I have to keep these coming - CR is scooping me on my own videos!
This finally listed yesterday for $229,900:
Tuesday, September 9, 2008 at 10:34AM
I have to keep these coming - CR is scooping me on my own videos!
This finally listed yesterday for $229,900:
Reader Comments (5)
Damn, these places are ugly. Were they better looking during the bubble and got trashed when the previous owners fell behind, or were they always this bad and just absurdly overpriced?
Wow, it was all ok until you got to the back. Are those last rooms non-permitted additions? the second bath too? DIY or unliscenced jobs?
And too bad about the slope. Do you think it is dropping the slab in the main house, or just the addition? Any easy way to stabilize it?
I miss the ice-cream truck!
I had a house rental in Penasquitos many years ago that was on a steep slope in the back and I had many many slap and pipe problems related to the slope.
I would never buy a home on a slope again - Regardless of Price. It was a very stressful time in my life.
Todd
Important if the slope is cut or fill.. considering the wall, sidewalk etc pulling away, I would say that it may be fill or old fill (cuts generally don't shift, but fills will). It would be interesting to know how long ago the sidewalk and wall that are pulling away were built. That would give you an idea of rate and if it has settled by now.
The pulling away also concerns me because if that is water seeping up through the floors, tells me that is either a patio addition or non-permitted addition without a moisture barrier put down before the concrete was poured. This addition may also pull away from the rest of the house depending upon how the addition was done. I would recommend digging down along the side of the 'patio addition' and checking if there is really a foundation there. You should go down at least 12 inches below the floor level (depending on code for that location). The potential lack of a moisture barrier worries me because that seepage will almost always be there. There are treatments for concrete that will reduce it.. but you already have installed structures on top like the bathroom and walls.. making it hard to apply.
The other cause of those water marks could be leaks.. in the roof/walls or exterior ground level higher than the floor of the 'addition'.
This house is better than some of the $350K Mira Mesa houses we saw recently. Locate it in the right area and you'd get double the asking easily. It's all relative. =)