What feels right:
- 3500 sq ft executive level home in Vista
- $900,000 price range
2359 Elevardo $899,000 3331sq ft, 4 bed, 4 bath, 3 acres
Amazing site looking down into Cal la Vie. 5 minute windy drive up from Warmlands Ave. House is immaculate but bathrooms, kitchen and flooring are very dated. Spectacular entry. Potential for infinity pool overlooking Cal-la-Vie could be simply stunning. Would need $50,000 in updates plus pool. Landscaping is uninspiring and lots of potential for upgrades.House platform is about 1 acre and rest of property is steep natural chaparral.
2409 Anderson Lane, Vista, 3478 sq ft, 4bed, 4.5 bath, landscaped back yard,
Single level executive home on flat terraced site. Extensive back yard with pegola and multiple sitting areas. Huge living and separate open plan dining and family. House orientation is poor for the site and entry . All bathrooms have own bath, but bathroom wing was a rabbit warren.Options
1. Build your dream home
2. Use Warmlands Ave equity to sell and rebuy a larger home that needs upgrades
3. Use $100 - $150k of Eden2 proceeds to raise how much we can buy to approx. $900,000
Property Upleveling Scenarios
Option 1: Building Dream Home
- Building my own home could be a practice run for my design ideas for Mallorca Modern.
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How much would it cost to build a 4,000 ft home in Vista?
$250,000 for the lot
$600,000 to build
$100,000 for pool and landscaping
Option 2: Sell and Buy
- Primary goal is to sell and buy a house that is larger so has more potential for capital appreciation
- Capital appreciation on Warmlands Ave at 7% = $4350 per month
- Capital appreciation on $900K home at 7% = $5240
Option 3: Use proceeds from Eden 2
- $350,000 equity from Warmlands Ave
- $150,000 from Eden 2
- $400,000 mortgage
