2/10 Broker Tour

It was slow for a while, but now that the holidays are over and Super bowl Sunday behind us, new homes are starting to come on the market. While this is normal for this time of year, we also hope it’s a sign that the market remains strong and recovery is on it’s way.

Highlights of Tuesday’s tour, 2/10/2009 in San Carlos:
There is a beautiful older – but completely renovated – 4 bedroom 2 ½ bath Tudor home on Madrona that was on tour today. It's a lovely home with a lot of character, charm plus designer touches and upgrades. It has wonderful views and a nice landscaped backyard. It also has a separate office that is currently being used as an artist studio. The office is not connected to the main house and is accessible from the front side. The main considerations I see are the many levels and stairs. You need to go upstairs to get into the house and the master suite (which is large and gorgeous) is also upstairs. Arundel Elementary and Carlmont High School districts. At $1,359,000 and the seller willing to buy down buyers interest rate up to 2 points on the loan – it’s definitely worth a look!

There were 2 homes in close proximately that were very different. One was a 3/2 on Clifford that was 1750 sq’ and tastefully upgraded for $962,000. The other was a 4/2.5 around the corner on Victoria Manor that was 2470 sq’ and listed for $1,399,000. Both are in Clifford Elementary and Sequoia High School districts. Victoria Manor was larger and on a quiet cul-de-sac, but it was not as appealing inside.

We have some clients interested in investment property, and there was a duplex on tour on Laurel Avenue. While we were unable to go inside, as it is tenant occupied, I drove by to check it out. It’s on a nice quiet part of Laurel with wide streets. The duplex was in nice condition and attractive from the outside. Each 2-bedroom 1bath unit has been professionally renovated. Private decks with yard full of fruit trees. Beautiful Bay view. Both units have full basements for home office or additional storage. Listed at $1,125,000 with a reported rental income of $50,280 per year. Not bad!