I want a house like this, but somewhere near civilization. I suppose I could buy it and retire. I could become a stay at home dad. 36427 Pistachio Dr. is a 3600 sq ft home with 4 bedrooms and 3.5 baths. I'll call it a one story because most of the living space is on the ground floor. It does have a "loft" and a bedroom upstairs. I've seen this model and I really like the floor plan. The front of this one is a little on the ugly side, ok it's a lot on the ugly side, but I still like the floor plan. Besides, a few big trees could hide some of that ugly. Unfortunately it's located just southeast of BFE .It could definitely use some landscaping, but at the selling price at least you could afford it.
Some doofus paid $610,500 for this thing in mid 2006. $610k for a house on the far-side of nowhere (even farther out than the middle of nowhere). That's just amazing that people paid that kind of money for a house out there. Oh wait, what am I thinking, they didn't really "pay" anything. Did they? They got a 100% loan (or maybe even a 115% loan) with nothing down and lived like rap stars for a couple of years while making those teaser 1.5% neg-am payments. Plus they used that extra 15% to buy an escalade with spinners. They sure as hell didn't use it to landscape the house.
It's now listed for $285K or $78 s/f. That's about 54% off the peak price. Sounds good, but I'm thinking "it's still in BFE!". I don't think it's worth $285k, $220k sounds about right to me. Some poor knife catcher will buy this thing and find themselves trapped in Winchester for the next 20 years.
20 comments:
People used to call Corona BFE - now Corona is the new O.C.....but where do people buy where they still can afford....it's in the BFE of the IE. LOL
But you know - I don't mind the drive - even now I will have to commute about another 10 minuts or so more - I don't have to deal with 10 families living in a 600sq ft home - people painting their homes purple because THEY CAN - and my mortgage will be cheaper than my rent.
I probably should have bought in the true BFE of the IE - Victorville!I heard today that Dr. Pepper is building a plant out there that should bring 200 jobs to the area - hell no - with that prison in Adelanto close by that brings inmate famailies in the area to live - yeah...that would be NO!
Hey X,
This is actually in French Valley. Not too sure about the neighborhood itself, but the area is very nice & quiet, you could consider it more of the countryside. There is a new park and little traffic along with being very close to Lake Skinner if you like fishing. I drive by this area everyday on my way home from work. It all depends on where you work, I like living in BFE!
This is the girl your mom sets you up with when you can't get your own date to the prom.
[laugh dammit.]
Reneé,
I probably should have bought in the true BFE of the IE - Victorville!
LOL. I'm the resident expert on the "high desert." There is no pricing power whatsoever in Victorville/Hesperia/Phelan et al. Even Wrightwood is tanking.
Victorville wouldn't be viable if we bulldozed every other house for 40 miles in every direction.
BFE is right. I'd never even HEARD of Winchester before.
Renee' - how long is your commute? This looks to be at least 40 minutes or so from Riverside, and that's without traffic. If you had to go further than that - ouch.
Looking at the zoomed-out map, I think it's at risk from a Lake Skinner flood.
Not everybody likes to live in crowded square cracker jack homes in communities that all look alike! Some of us like to still live in more rural areas where the homes are different from one another. I live in Hemet, in particular the east end on the edge of the National Forrest. Yes I do have a drive to work but hey for the money I make it is well worth it. The other option is to live near where I work but it is too damn expensive in Carlsbad. The custom built home I bought in Hemet was way cheaper than the overpriced shanties they put up today. Yeah I know you think I moved to Hemet but no I moved here when I was 14yrs old, so I knew what I was getting into by staying. Just my personal opinion.
The commute to BFE might be "only" 45 minutes or an hour, but how much is 2 hours with your kids worth? And while gas is currently cheap again, it eventually will go back up. No train out there. I bet the houses are all the same too, not customs, just nice.
So unless you work from home, or are retired, then why?
FreedomCM
I love the address. "I live on Pistachio Street, just off the intersection of Cashew Avenue and Macadamia Boulevard."
Really, I have nothing against living there if you work near there. That makes perfect sense. If you work in Temecula this place is probably a fine place to live. But for those of us that work in the OC this house might as well be in Phoenix.
It's till amazing to me that they really though $600k homes made sense out there.
Stay clear of BFE.
The public utilities that borrowed a lot of money were depending on big population growths to pay the bills later on.
That won't happen. Fees will skyrocket to cover the cost of those brand new storm drains, sewers and waterlines. And the Gas and Electricity will most definitely get the PUC to raise rates to make up for the lost population not paying their share.
All that infrastructure was contingent on population density always going up. And it was supposed to spike at the front end.
Treatment plants are already being mothballed in the I.E. because they don't have enough input (i.e. shite) to run the equipment cost effectively.
All those empty homes have a lot of empty toilets. Unless you force everyone that is left in the BFE to only eat at Taco Bell the sewer system will fail from disuse.
One of the great things about California is the diversity of choices we all have. There are some who love to live in a crowded 500 sq ft loft in Downtown LA, while others love the coast that the OC brings, yet others love and are happy living in the IE.
Acually, French Valley is a beautiful community. It is not in the middle of nowhere. These communities were very well planned out. Most people who live there either work for home, are self employed, work in San Diego or are employed in the surrounding cities. I understand the pull that a lot of people have to live there. They also have lakes and nice vacationing activities to do.
Corona the new O.C.????????????????That's hilarious. Most people where I live would call all of Riverside and San Berdu BFE. My friend tried to explain the difference between Chino and Chino Hills because Chino Hills was so much nicer. That may be true, but my reply was you still have to take the 91 fast track and you have Chino in your city name. Cmon people.....don't throw bricks in glass houses. Your "New O.C." (I love that one) is another person's BFE.
Hey, I also consider the OC, BFE, and so did most everyone else 30 years ago. It's all a matter of perspective.
Mar 04, 2009 Listed $285,000
Feb 20, 2009 Sold $281,420
Can someone explain these transactions? I am seeing a lot of them on redfin, someone buys a place and then re lists it right away. In some cases for no appreciable profit. Is this some sort of bank gimmick or flippers hoping to make a quick buck?
The first sale is the one where the lender takes the property back at the trustee sale. The properties nearly always list for more when the bank lists them because of the costs involved in selling the property (back taxes, repairs, and realtor fees).
Can you explain the trustee sale? Why would the bank of to buy the house if it is collateral for the loan? And how do they go about setting a value at these trustee sales?
If the owner of the home defaults on the mortgage the bank will try to sell the home at the trustee sale on the courthouse steps. If no one steps up and bids the minimum amount the bank will take then the bank will place a bid and the home is sold to the bank. It's all legal mumbo jumbo. That's just the way the system works.
The bank has one shot at the trustee sale. The home is getting sold to cover the note. If no one bids then the bank has to buy the home. Trust me they don't want too but that's just the way the system works. Once they own the home they are responsible for the taxes etc. In order to sell them they list them with realtors and they nearly always list for more than the bank was willing to take at the trustee sale. You can purchase homes at trustee sales but you need a check for the full amount.
Golfer X you are so right.I was raised in L.A. and I remember, years ago, when a relative of ours bought a house in Orange County. We all thought he was nuts .....
Talk about BFE at that tme.
Now that the OC is old news, people are spreading their wings, once again, and taking advantage of all the land Riverside has to offer. (Don't care for some of the San Bernardino areas)
They have some beautiful comunities in Riverside county, especilly towards Murietta and the Temecula wineries.
We were checking into a home in that area, and every home we inquired about had multiple offers on it.
Actually, Corona and Norco (the hills) are the new OC. They are full of people driving expensive, foreign leased cars and feel compelled to participate in the latest trends. Pretty much sheeple who have a need to flaunt whatever it is they are involved in at the moment.
The appeal of much of the IE is that there is open land. You have great views of snow capped mountains in the winter. You do not have to hear things like your
neighbors arguing at 2 am. If you want to raise your kids in a rural environment and have them participate in FFA or 4H, you can. You can hear the birds sing instead of the freeway noise.
Some people like living in housing tracts and good for them. But not everyone finds that type of living attractive or interesting.
Tempered, most nice listings that are priced well will have a few offers. That does not mean it's a waste of time to throw out an offer if you like something. Many of the offers have little chance of getting accepted. If you have golden credit, can fully document your income and have a large down payment you are a strong contender. If your a cash buyer even better. Stay away from the really low priced ones, they are a circus. Every one is trying to get those.
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