BajaNomad - New house in Loreto

New house in Loreto

bajabird - 5-25-2007 at 01:15 PM

The house I built is about ready for the market... I will take pictures and build a little web site to give the information about it after my next trip to Loreto. Sorry, no pictures yet, but any Loreto visitor that has seen the house will know it. The newly built house is on between Benito Juarez and Hidalgo (between michoacan ice creem and cafe oles or the isste) next to the plumberia and next to the ole auditorium that is now sort of a sells almost anything in season store. I dont know the square footage, but it is two story, beautifully designed by the premier architect in town Jesus Cortes. A third story deck is just a stairway away. Three bedrooms, 2 baths, nice tile work, garage, air conditioners, and lots of other extras and all ready to go. If you have interest email me at mybaja1000@aol.com or call (714) 815-0146 Tom Bird

bajabird - 8-21-2007 at 08:45 AM

The new house is now for sale! 410,000

3 bedrooms, 2 bath, garage, parking area, downstairs patio,
upstairs deck (can put stairs to 3rd level roof terrace,
spiral staircase with ice blocks in wall, air conditioned,
and most rooms have lighted ceiling fans

Pictures soon!

capt. mike - 8-21-2007 at 08:00 PM

does it have "bars"...........hope so. tough town i hear.

need pics. footage etc. fourhundred ten LARGE!!??

bajabird - 8-21-2007 at 08:39 PM

Oh yeh, an upstairs bar, and a bar in the kitchen :tumble:

and Mikes bar down the street, Augies bar on the Malecon, Strokers reef a few blocks away, and great wine bar at Mediteraneo.... :bounce:

ahhhh, I am getting thirsty now.... gotto go.

Will be in loreto next week, and taking pictures & measurements..... will post them if the house isnt already sold.....

Baja_Girl - 8-21-2007 at 10:44 PM

Hi, Loreto shoppers!

I've seen this beautiful Bird-house - and its everything Tom says - its very well designed and has a great location. It is obvious that Tom spent the money to build a home he would live in himself.

I would consider buying it myself except I know that my Pajaro Loco owns a vacant lot closer to the beach and closer to his house - and I'm waiting to see what happens with that property...

xoxoBUEN SUERTExoxoxo
lisa

capt. mike - 8-22-2007 at 06:55 AM

ok Tom, thx will be interesting to see what $410K gets ya as compared with the dreaded LB project...........

now about that place, Stokers Reef....i like that! wonder what kind of reef they stoke....... :saint:

edinnopolo - 8-22-2007 at 07:15 AM

Quote:

:

Will be in loreto next week, and taking pictures & measurements..... will post them if the house isnt already sold.....

Love an optimist :biggrin:

bajabird - 8-22-2007 at 06:07 PM

Quote:

Love an optimist :biggrin:

How did you know that I was an Optimist? Are you a member too?
"Optimist Club of Loreto"

bajabird - 8-23-2007 at 08:54 AM

I just posted some June, 2007 construction photos at

http://www.mybaja1000.com/house.htm

Tom

capt. mike - 8-23-2007 at 12:47 PM

very nice.
shows well i am sure, excellent detailing.
sure would like to know what the liveable footage is tho .

Cypress - 8-23-2007 at 12:58 PM

Capt. Mike's "Liveable footage?" is a very good thing to know.

Inquiring minds would want to have the answer to that question.

bajabird - 8-23-2007 at 02:31 PM

I will measure the house next week and post the information. Updated photos after Labor day.

bajabird - 9-4-2007 at 10:18 AM

Update to house...
Sizes in footage, all approximate

Lot 40 x 70 feet
House bottom floor 33 x 50 feet
House upstairs 18 x 21 feet plus, 12 x 21 feet, pluse outside deck area on second floor

House is about 2300 sqaure foot, air conditioners are being installed soon.

:-) any questions, please ask

bajabird - 1-23-2008 at 12:17 PM

We are now asking 375k for the house.

http://www.mybaja1000.com/house.htm for more information.

vandenberg - 1-23-2008 at 01:44 PM

Quote:

Originally posted by bajabird
We are now asking 375k for the house.

Almost like " giving " it away

bajadedom - 1-23-2008 at 09:40 PM

Is there enough room for my underground poker club to meet indiscriminately - no 3 card games allowed?

bajabird - 2-15-2008 at 08:50 AM

Hmmmmmm, the pesos getting tossed around in that game can buy the house..... and then generate income. jeje What is wrong with 3 card games? Might as well ask about 2 card "Chubasco" while at it.

bajabird - 5-16-2008 at 10:52 AM

I lowered the price to 299.000 usd

Terry28 - 5-17-2008 at 09:27 AM

Started at $410,000 now $299.000, that's a$111,000 swing, quite a drop, wonder just what the profit margin is?????

Cypress - 5-17-2008 at 09:57 AM

That's a beautiful house, right in the middle of town.

bajabird - 5-19-2008 at 06:02 PM

Not much margin on the house, I just want to sell it. The real estate people gave me the opening price, now its my price and the buyer can pay commission if they want to use an agent.

bajabird - 12-3-2008 at 12:24 PM

The house is finished and open to offers. TrvLnTom@aol.com photos at
www.mybaja1000.com/house.htm

flyfishinPam - 12-3-2008 at 01:31 PM

on 8-21-2007 the price was $410K
on 1-23-2008 the price was $375K
last time I walked by the sign said $299K
what is the price now?
the real estate people gave you the opening price of $410K? wow what would their commission have been if it had sold? this is blatant abuse by the RE agents here (and all over the peninsula) and reason why RE prices had become overinflated here.

rhintransit - 12-3-2008 at 03:53 PM

sign now says 'make offer'

bajabird - 12-3-2008 at 04:02 PM

I've been offered a lot of different stuff...... :wow:

My taste in baja cars and fishing tackle are more elaborate than the offers received.....

So; to clarify :fire:

CASH OFFERS ONLY :yes:

bajabird - 5-20-2009 at 09:17 AM

There has recently been a lot of interested people. The offer price is at 225 now. It's a great location for a home/business or just a home, or just a business.

I feel your pain

thebajarunner - 5-20-2009 at 09:29 AM

Quote:

Originally posted by bajabird
There has recently been a lot of interested people. The offer price is at 225 now. It's a great location for a home/business or just a home, or just a business.

Being a California real estate developer (perhaps that is past tense) I know the pain of this steep decline in market.

Good friend of mine built a gorgeous spec house on five acres not far from my home, put about $1.5 m into it, and listed at $2.1m.
This was two years ago.

Bank sold it this week for $750k.

OUCH!!!

flyfishinPam - 5-20-2009 at 01:42 PM

Quote:

Originally posted by bajabird
There has recently been a lot of interested people.

so you're just hoping to find the right one here? :lol:

Marla Daily - 5-20-2009 at 08:55 PM

Prices have dropped in Loreto. A Canadian couple just paid American owners $150,000 cash for a lovely gringo house, completely furnished, very close to the beach/ Calle Davis with a Fideicomiso already established. (To transfer one is much cheaper than initiating a new one).

rogerj1 - 5-21-2009 at 12:32 AM

The link doesn't work. Can we see pictures?

BMG - 5-21-2009 at 06:37 AM

Quote:

Originally posted by rogerj1
The link doesn't work. Can we see pictures?

Worked fine for me.

MitchMan - 7-1-2009 at 01:13 PM

Question, what possessed you to invest in the building a house of such magnitude in the worst Loreto real estate market in the last 15 years with one of the most expensive Loreto contractors? Very curious.

bajabird - 7-1-2009 at 02:01 PM

:light:

comitan - 7-1-2009 at 07:18 PM

Smileys tell more than words!!!!!!!!!!!!

Sometimes.

BajaNuts - 7-1-2009 at 07:46 PM

mitchman, did you notice the date on the first post?

He probably started the project 3 years ago. Market was good then.

[Edited on 7-2-2009 by BajaNuts]

jimgrms - 7-2-2009 at 08:16 AM

Will you take state of calif iou's

bajabird - 7-2-2009 at 09:30 AM

Quote:

Originally posted by jimgrms
Will you take state of calif iou's

of course....

On the bright side... There has been more interest during the last month than in the past year+. I think it will be sold soon :yes:

vandenberg - 7-2-2009 at 09:58 AM

Quote:

Originally posted by bajabird
On the bright side... There has been more interest during the last month than in the past year+. I think it will be sold soon :yes:

There you go.
You're not a member of the Optimist Club for nothing. :biggrin:

bajabird - 2-12-2010 at 04:36 PM

It's still new, and still for sale

Bajahowodd - 2-12-2010 at 05:11 PM

Current realistic offering price?

k-rico - 2-12-2010 at 06:30 PM

Nice, big house. It looks like the real deal, certainly not a gringo beach cottage.

Still asking $225K? Good price, seems to me. Hang in there.

[Edited on 2-13-2010 by k-rico]

Donjulio - 2-12-2010 at 06:41 PM

K-rico - you seeing any changes in your area? We are seeing more lookers but not buyers. Occasional sales. Seeing more in the $30,000 - 80,000 range. Mexican to Mexican. I think we got another 5 years to see changes. If it doesnt happen in 5 it's not going to. Just my opinion though. We know what that is worth on here.

k-rico - 2-12-2010 at 06:55 PM

No, it looks to me that very few gringos are buying in the Tijuana - Rosarito area. Houses are still selling in Playas de Tijuana but it's all Mexican to Mexican, very few Americans buy here. The house next door to me just sold for what I paid in 2004 and it's identical to mine. So the prices haven't dropped, but that's because they were never inflated by paper rich gringos.

bajabird - 8-24-2010 at 03:49 PM

It's still on the market 225k, lots of renters wanting to go in, but only for sale.

BajaBlanca - 8-24-2010 at 06:53 PM

Bajabird - it looks so beautiful !! goodluck, soon the right buyer will come along !! Loreto is a lovely town.

bajabird - 2-7-2011 at 02:54 PM

Still for sale, and not for rent.

Good income property for someone who wants to be a landlord.