Patrick.net

300 Coral Ridge Dr, Pacifica, CA 94044

By anonymous     Fri, 11 Jun 2010, 9:14pm   1,610 views   9 comments
In Pacifica CA 94044   Watch (0)   Share   Quote   Permalink   Like   Dislike  

Viewing Comments 1-9 of 9     Last »     See most liked comments

1. monkframe Follow Befriend 7 threads 187 comments Pacifica, CA

   1   9:22pm Fri 11 Jun 2010   Share   Quote   Permalink   Like   Dislike   Future archeologists will wonder at the empty foundation in the boomtown of Pacifica. Started years ago, it remains a testimony to not having enough capital before one breaks ground.

2. khaira Follow Befriend 9 comments Petaluma, CA

   2   10:25pm Fri 11 Jun 2010   Share   Quote   Permalink   Like   Dislike   anyone know what this was going for before it was taken off the market?

3. khaira Follow Befriend 9 comments Petaluma, CA

   3   10:32pm Fri 11 Jun 2010   Share   Quote   Permalink   Like   Dislike   looks like they were seeking 525k in 2008, according to this: http://propertylistingmaps.com/site/listings/21

4. vain Follow Befriend (2) 68 threads 876 comments

   4   10:40am Tue 15 Jun 2010   Share   Quote   Permalink   Like   Dislike   The price started off at $525k. It made its way down to $399k before being taken off the market on 1/26/09. Here were the remarks from the MLS listing: Contractor Quick Starter Project! Ocean view 9,152sq.ft w/ plans approved & permits issued & current for a 5BD/3.5BA custom home. Partnership is an option Partially excvtd 2of4 wall footngs poured 7of15 rock anchors drilled & instlld Looks like a builder just ran out of money.

5. monkframe Follow Befriend 7 threads 187 comments Pacifica, CA

   5   9:47pm Thu 20 Oct 2011   Share   Quote   Permalink   Like   Dislike   And it's still unfinished, a real eyesore.

6. bighorse Follow Befriend 3 threads 104 comments San Jose, CA

   6   11:18pm Thu 20 Oct 2011   Share   Quote   Permalink   Like   Dislike   Property tax is ~$600/year for this one. Not much pain there. Owner appears to be using this property for leverage. ~$400k owed to the bank, and another ~$300k to private investors.

7. bg Follow Befriend (13) 42 threads 313 comments Pacifica, CA Premium

   7   7:23am Fri 21 Oct 2011   Share   Quote   Permalink   Like   Dislike   Protected   bighorse says Property tax is ~$600/year for this one. Not much pain there. Owner appears to be using this property for leverage. ~$400k owed to the bank, and another ~$300k to private investors. Leverage meaning a place to get funds to do other projects? What do you mean?

8. bighorse Follow Befriend 3 threads 104 comments San Jose, CA

   8   9:13am Fri 21 Oct 2011   Share   Quote   Permalink   Like   Dislike   bg says bighorse says Property tax is ~$600/year for this one. Not much pain there. Owner appears to be using this property for leverage. ~$400k owed to the bank, and another ~$300k to private investors. Leverage meaning a place to get funds to do other projects? What do you mean? Yep. It appears to be an ATM machine for the owner. There is a lot of loan activity for this parcel. I don't see how he can convince private investors to keep lending with a more senior lien involved in which he is underwater on.

9. bg Follow Befriend (13) 42 threads 313 comments Pacifica, CA Premium

   9   5:06am Sun 14 Oct 2012   Share   Quote   Permalink   Like   Dislike   Protected   http://www.redfin.com/CA/Pacifica/300-Coral-Ridge-Dr-94044/home/17309382