Archive for the 'New listings' Category
I have just listed a very “unique” property in Emerald Lakes.
Located at the end of Park Rd – a cul-de-sac, the parcel is a sloping 2/3 acres and has excellent bay views from large redwood deck and interior rooms.
Main level: 1 bedroom 1 bath kitchen dining room living room and “den”.
Lower level: Outside entrance only to another bedroom and bath.
Happy to answer any questions about property.
Or just come by and take a look:
Tour: Tuesday June 12, 2012 morning
Open House: Saturday and Sunday June 16 and 17, 2012. 100PM to 400PM.
We're sorry, but we couldn't find MLS # 81221903 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
There were lots of good new listings in west Menlo Park today on tour.
Prices ranged from $959,000 to $2,995,000.
We're sorry, but we couldn't find MLS # 81017341 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
We're sorry, but we couldn't find MLS # 81017571 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
Today was a good day for new listings in White Oaks.
Six new listings came on the market priced between $999,950 and $1,850,000.
If you would like additional information on any of these listings, please let me know.
We're sorry, but we couldn't find MLS # 81016622 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
We're sorry, but we couldn't find MLS # 81016894 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
2033 White Oak Way went pending on tour day – didn’t take long! Great house!
We're sorry, but we couldn't find MLS # 81017126 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
There are two ways to buy foreclosures:
1. Go to trustee foreclosure sale on the “courthouse steps” with cash for any offer you may make.
2. Wait until bank forecloses takes title, and lists property for sale on mls (REO).
#1 is are not for inexperienced investors (not saying you are )
#2 is a good way to go – depending on area, there may be a good stream of new REO properties coming on market. you will work with a real estate agent to prepare offer just like you would on other non-REO houses on the market. competitive bidding on these. must be solid solid on financing or pay cash.
Please let me know if you have questions or would like more information on the above.
Here’s how the foreclosure process works in California and it will help you understand the dollar amounts quoted.
To start the foreclosure process, lender must file notice of default (NOD).
At the present time, I would say many lenders wait until 6 to 12 months of missing loan payments before filing NOD. By law, they can file after one missed payment, typically.
From that point, owner has 3 months to bring missing payments current.
During this period, the lender if they publish any amount, it will be just the amount of the missed payments.
So if you see amounts like $11K and $30K, they are probably the total amount due on missing monthly payments.
After the 3 month period, owner has to pay off loan IN FULL including principal.
During this period, the numbers “published” will look like $254K or $586K – principal amount of loan plus all missed payments.
If owner does not pay in full 21 days after the end of the three month period, lender will set for sale at foreclosure auction.
Typically opening bid will be the total amount due. Buyers will need to pay cash on the spot. Recently, I hear reports of some sales going off below the total amount due. Often trustee sales are cancelled or postponed.
Hope that helps explains the process. I am happy to answer any questions you may have about the process.
Of course, any home owner who is faced with foreclosure should IMHO, contact an attorney to obtain legal counsel on the process and one’s specific situation.
I have written several times about the real estate potential available in east Menlo Park and East Palo Alto.
Property values in these areas have dropped about 50% from their peak.
First time buyers can now buy a single family home on the Peninsula at an affordable price.
Investors can buy fix and flip or buy fix and rent for longer term investment.
1107 Sevier is a 3 bedroom 1 bath home listed at $249,900.
Below you will find a few “amateur” videos of the property. Contact me if you would like to see.
Jay Thompson the Phoenix Real Estate Guy took a look at how many listings Trulia, Zillow and Realtor.com are posted on their sites compared to the IDX mls search his blog site provides. It turns out that at least in the Phoenix area Trulia has 64% and Zillow 87% and Realtor.com 94% of the listings that appear on Jay’s IDX mls search site.
This week I will run the numbers for some cities in the San Francisco Peninsula and see what they show.
Trulia and Zillow both provide lots of good useful information to home buyers and sellers.
That being said, it is important for a prospective home buyer to know that Trulia and Zillow do not provide information on ALL available listings.
Here are the real estate tour properties for San Carlos, CA on Tuesday February 17, 2009
3330 Brittan Ave #1 3/2 1239sf $538,000
19 Buttercup Lane 3/2.5 1793sf $799,000
15 Violet Lane 3/2.5 2330sf $875,000
Single Family Homes
1160 Walnut St 2/1 1060sf $839,000
90 Cedar St. 3/2 1490sf $839,000
1521 Cedar St. 5/3.5 2528sf $1,599,000
6 Madrona St. 4/2.5 2940sf $1,299,000
Here are some Menlo Park CA homes on tour for the first time Tuesday February 17, 2009.
1074 Del Norte Ave 3/2 1600sf $965,000
2055 Gordon Ave 3/2 1900sf $1,456,000
844 15th Ave 3/2 1520sf $869,000
450 Blake St 3/2 1460sf $1,195,000
146 Sand Hill Cir 3/2 1600sf $1,045,000 townhouse
1030 Siskiyou Dr 4/3 2770sf $2,188,000
12 Zachary Ct 4/3 3150sf $2,349,000
West Menlo Park is a very desirable neighborhood close to downtown Menlo Park and Stanford University. The area within the City limits is considered “prime west menlo”. Most homes are older ranch style home on 1/4 acre parcels. Many of these older homes are now being replaced by very large 3500sf-4000sf homes. There is also an area in west Menlo Park along the Alameda which is actually county area – near the Dutch Goose and in the outstanding Las Lomitas School District. The Menlo Park City school district is also highly ranked.
Today I will to highlight some new listings priced slightly above $2,000,000.
The first 1300 Hobart is within the City of Menlo Park boundaries and is considered prime west Menlo. This gracious ranch style home sits on a well-landscaped 1/4 acre lot and contains 3 bedrooms 2.5 baths and 2240sf in total. This home has been recently updated and shows very well. Property is listed by Margot Lockwood Coldwell Banker at $2,195,000.
The next two properties in the same price range are in the Couny area off the Alameda.
2190 Sterling is a 3 year old house of 2,685 sf containing 5 bedrooms and 4.5 baths on a 6000sf lot. This two story home has a gourmet kitchen with center island and cathedral ceilings in many rooms. This property is listed by Kristin Cashin of Cashin Properties at $2,195,000.
The final property is located at 1316 Orange Ave., Menlo Park. This 1 year old home contains 2700sf and 5 bedrooms and 4.5 baths on a 6300sf lot. The elegant chef’s kitchen has 2 ovens and under counter Vinotemp wine storage. Property is listed at $2,199,000 by Carol Bartlett of Cashin Properties. Carol used to work for my father years ago at Cenedella and Co.
So which do you prefer? All three houses are priced in a similar range.
Hobart has the classic west Menlo location and 1/4 acre but the other homes are larger and newer.
Just a matter of taste – please let me know what your preference is – I will keep track!
Just let me know if you need further information on any of these properties or wish to personally view the homes.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.
Listing information is deemed reliable, but not guaranteed. Listings last updated 5/24/13 1:00 AM PDT.
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This IDX solution is (c) Diverse Solutions 2013.