If the home is significantly less in price than it's non foreclosure counterpart, there's a good chance that it needs work. If Homes in your area are selling for $100,000 and you see one priced @ $36,000, my guess is that it needs upwards of $50,000 to make it habitable. Any home that is priced significantly below market and doesn't need work is often sold within days.... more
Without an address, link, or an establishment's name, you may wish to ask your question again--or consider visiting more than once and listen for any noise levels, also consider contacting the local authorities and ask if any complaints exist or have existed, etc.... more
Instead of zip code comps, consider using comps that are limited to Canyon Crest. Even better, use Canyon Crest homes that are similar in age and size. Zip codes are a meaningless for tcomps because houses vary wildly in size, age, and neighborhoods within a zip code.
But you asked about the 92504 zip code ... so here goes.
There were 115 sales in the last 90 days in the 92504 zip code. These 115 listed at an average of $271,426 and sold for an average of $266,829. The average size was 1,593 feet. That means ana verage of about $168/sq. ft.
If you need more details, or want me to run the comps for Canyon Crest or your specific house, feel free to contact me directly at 951-571-9229 or Sean.Giorgianni@gmail.com... more
The average cost of remodels (from what I hear) is between $90.00 and $120.00 per sq. foot. If you visit the National Association of Realtors, Realtor.org. page you will find 1190 returns on this very topic and will undoubtedly find just what you are looking for. Good Luck. Cindy Vedder.... more