Tuesday, November 17, 2009
Price Drop La Loma
Rancho Margarita - A rare find in Somis! This 4BR/3BTH home sits on 11.66 acres with spectacular ocean and valley views from nearly every room. Open floorplan with common areas upstairs and three of four bedrooms downstairs. Numerous balconies, large windows and sliding doors bring the outside in. Large master suite with private patio and ocean/island views from the bathtub. Pool, spa and BBQ area are set to the ultimate backdrop. Four car extra-deep garage with additional work area. Large downstairs laundry room could be second kitchen to create potential inlaw unit. The hilltop home is surrounded by stately pine and sycamore trees, providing ultimate privacy from the few neighbors. A paved private road winds through the orchard, giving direct access to La Loma Ave; stop at the 2-stall barn with separate tack room and outside pen area - ideal for your farm animals. Nine shares of Del Norte ag water and private reservoir irrigate approx 800 avocado trees.
Nov 10, 2009 Price Changed $1,449,000 -- SoCalMLS #F1804770
Oct 13, 2009 Listed $1,550,000 -- VCRDS #90016961
Aug 13, 2009 Price Changed $1,550,000 -- SoCalMLS #F1804770
Apr 12, 2009 Listed $1,750,000 -- SoCalMLS #F1804770
Fifty thousand dollars off. $301,000 off original price. Sorry but 3% doesn't freshen the listing. Hat tip to "Effective Demand" who noticed the price drop. Maybe 20% more and I can afford it and it makes sense.
Backing out the taxable basis ($2100/yr) it looks like a 1989/1990 sale for approximately $160k. Nice.