Asked by Concetta, Jones, OK • Tue Jan 29, 2008
I went to the San Diego REDC auction this last week-end and ended up winning the house on 3134 Webster avenue in San Diego. The house is 999 sq. ft, was built in 2004, 3 bed, 2 bath and is cute. THe problem is the neigborhood. I didn't expect it to be so scary. However, I am told that that area rents well. Now I got a good deal I think ($220,000), but since I don't live in the area, I don't want to rent it. Should I get off the contract (and lose $7000), or sell it? Even with trulia, I cannot figure out a fair value for the house (the neigborhood change from a street to another) The house was worth $450,000 in 2004 and sold for $380,000 last August (I suppose it was sold back to the bank). I would like to maybe find investors that are not afraid to rent the place to somebody and wait a couple years and then cash out. What is the best way to find such investors, besides listing on the MLS?
Real Estate in San Diego
Popular Categories in Logan Heights
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!