Welcome! If this is your first visit, read from the first post in January 2010 forward to get the full story.

Wednesday, April 21, 2010

History of the House

I started referring to Silver Spur Estate as "our rescue house" (like a resuce dog) after I heard it's story.

It all started in 1988 when construction started on the 100% custom home.  The Spanish-Mediterranean home was completed in 1990. 

The gold fixtures and aqua carpet in a few of the bedrooms definitely date the home to the late eighties/early nineties. (Yes, I'll be switching those fixtures and the carpet out very soon.)

I don't know much about the first set of owners, but they sold the house in March of 2004 to a bull fighter and his girlfriend.

This lively couple upgraded the home by putting in the gorgeous pool \, hot tub and landscaping in 2005.  Sometime in 2008, they both quit working and decided to move to Arizona. 

They put the house up for sale and I'm not clear how long it was on the market before a couple from Northern California put in an offer that was accepted. Based on other pieces of information, I'm estimating that occured early 2009.  Just before escrow the woman of the couple who were to buy the home became sick and they decided to stay in Northern CA putting the home back on the market at the bottom of the housing slump.

Another couple came in and made a short sale offer that the bull fighter and his girlfriend accepted because they had already bought a foreclosure in Arizona.  While the loan holders considered the proposal, they moved ahead with their plans to move to Arizona in January 2010.

In the meantime, a very sad event took place.  The bullfighter died unexpectedly in March, leaving his now wife with the burden of two homes. 

Shortly thereafter, the loan holder announced that the short sale was not approved.

With no prospective buyers and huge mortgage and maintenance costs, the home was about to become another fatality of the down housing market when we came along and rescued it.

In many ways we feel that we were destined to have this home.

NOTE: All of this story came from third parties so if any of it is factually incorrect I wrote it not knowing so.  I also left out names to protect confidentiality.

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