Delusional in 4S

Delusion would be the understatement of the year on this property. I'm not sure the owner is on the same planet, but he or she should probably get the internet, a realtor, or both. However, I should thank the owner since this listing is so out there, I've finally decided to stop being lazy and start a blog.


Address: 15056 Dove Creek Rd
Asking Price: $2,000,000
Property Tax: 1.66% HOA: $400?
Income Requirement: $500,000
Downpayment Needed: $400,000
Monthly Cash Burn: $13,920
Ownership Cost: $10,900

Purchase Price: $581,000
Purchase Date: 3/26/2004

Beds:	4
Baths:	3
Sq. Ft.:	2,586
$/Sq. Ft.:	$773
Lot Size:	6,500 Sq. Ft.
Property Type:	Single family
Style:	Spanish
Stories:	2
View:	Territorial
Year Built:	2004
Community:	4S Ranch
County:	San Diego
Listing #:	60281392
Source:	Zillow
Status:	Active
On Redfin:	178 days

Hahahaha... so for $2M, we don't even get photos, a description, or even the monthly HOA costs. In June this owner decided he made a $1M upgrade to his house so his house is now worth $2M. So maybe this property is so great a photo won't suffice. Ok, so lets look two houses over.

Address: 15068 Dove Creek Rd
Asking Price: $649,000
Property Tax: 1.5% HOA: $396
Income Requirement: $162,250
Downpayment Needed: $129,900
Monthly Cash Burn: $4830
Ownership Cost: $3860

Purchase Price: $815,000
Purchase Date: 5/16/2005

Beds:	4
Baths:	3
Sq. Ft.:	2,492
$/Sq. Ft.:	$260
Lot Size:	-
Property Type:	Residential, Detached
Style:	Mediterranean/Spanish
Stories:	2
Year Built:	2003
Community:	4S Ranch
County:	San Diego
MLS#:	090017136
Source:	SANDICOR
Status:	Contingent
On Redfin:	145 days

So what makes the first property worth so much more? I don't know, but the toilets better be made out of gold. The second owner has the priced to sell after a $50k reduction in March.

Thanks for reading the first post and thanks to the owner of 15056 Dove Creek for a good laugh.