7063 N Mission Hill Ln in Skyline Country Club sold for $815,000 in 2000. It was then updated, by Robinson & Shades, no less, and put back on the market in mid 2007 for $1,750,000. (Meanwhile, it had been re-mortgaged in late 06 for $1,540,000 - to pay for the updating? or maybe just a cash advance on the big sale)
But no big sale, so the price was reduced in dribs and drabs until late this spring when it dropped to $1,200,000, as short sale, and immediately went to contract. It sold today for $1,100,000 ($273/sf). I’d say the buyers should be pleased.
Built 1981/4.5 acres/4028 sf/4 Beds/3.5 Baths/1 story/way up top in Skyline, bordering the Coronado National Forest.
I have no idea what was spent on the updating, but Robinson & Shades, which is no longer Robinson & Shades, did not come cheap.
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And 7390 N Cobblestone Rd, in Cobblestone, sold for $1,318,000 in May 07 – and was back on the market in January 09 for $1,395,000.
But no one bit, so it dropped to $1,250,000, then to $1,195,000, and someone bit and it’s now in contract. So $150,000 or so, off the top.
But hey, that’s the market.
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