August 7, 2009

This house in San Lorenzo Valley is the talk of town

1722 VIEW Rd, San Lorenzo Valley, CA 95018 | MLS# 80936268
1722 VIEW Rd San Lorenzo Valley, CA 95018
Price: $449,000

1722
Beds: 2
Baths: 1
Sq. Ft.: -
Lot Size: 0.97 Acres
Property Type: Detached Single Family
Style: Cabin
Stories: 2
View: Green Belt, Mountains, Canyon
Year Built: 1978
Community: Felton
County: Santa Cruz
MLS#: 80936268
Source: MLSListings
Status: Active
On Redfin: 5 days
Talk of the town! Absolutely adorable Log Cabin Home in the Forest Lakes community. Custom built as a vacation home for a San Francisco family. Attention to detail and quality construction make it feel almost new yet a blast from the past. Looks and feels authentic with a warm feeling like no other. Enjoy the two large decks and live with nature. End of the road access to the best hiking and biking

It’s Friday! Let’s kick it off with an entry from Burbed reader Ruth.

I actually had to look up where San Lorenzo Valley was. Wow, talk about a vacation home. Just look at that picture.

And this one:

1722a

Ruth was a bit amazed at the colors of this house. Me too!

Frankly, I’m wondering if this is an illustration or HDR photography.

But let’s talk about the fact that this house is the talk of town. What town exactly is it that people are talking about this? San Lorenzo Valley? San Francisco? And under what context would people be talking about it? So many questions! So few answers!

Are they talking about this vacation house in your town?

Comments (29) -- Posted by: burbed @ 5:04 am






May 14, 2009

Santa Cruz is the 4th most unaffordable! 3rd for rent!

Despite falling prices, homeownership out of reach for many – Santa Cruz Sentinel
SANTA CRUZ — Even though the median home price dropped 37 percent last year, Santa Cruz County remains unaffordable for many first-time buyers.

Santa Cruz County is the fourth most expensive place in the nation to buy a home after San Francisco, New York and San Jose, according to Paycheck to Paycheck, a study released Thursday by the Center for Housing Policy, a nonprofit research organization based in Washington, D.C. The county also was found to be the third most expensive place in the U.S. to rent after San Francisco and Honolulu.

Locally, the median price of a single-family home plummeted from $630,000 in 2007 to $400,000 in 2008, but homeownership is still out of reach for households with income under $130,000, according to the center’s calculations. Meanwhile, a two-bedroom rental cost $1,590 a month on average.

[snip]

Pricey LIVING

Rank, 2008 Two-bedroom rental, 2008 Rank, 2007
1 San Francisco, $1,658 1
2 Honolulu, $1,631 11
3 Santa Cruz County, $1,590 6
Median home
Median
Rank, 2008 price, 2008 Rank, 2007 price, 2007
1 San Francisco, $575,000 1 $770,000
2 New York, N.Y., $455,000 7 $525,000
3 San Jose, $410,000 2 $649,000
4 Santa Cruz County, $400,000 3 $630,000
Tie Honolulu, $400,000 18 $409,000
SOURCE: Center for Housing Policy

Congrats to Santa Cruz!

Is it any wonder? With its beautiful, warm, beaches, its thriving high tech high income economy, is it any wonder why Santa Cruz is right up there?

I can list 10 reasons why everyone would want to live in Santa Cruz (assuming they couldn’t live in the Real Bay Area). Can’t you?

Comments (33) -- Posted by: burbed @ 4:16 am

January 15, 2009

Affordable homes in Scotts Valley – amazing bathroom views!

355 Woodland Dr, Scotts Valley, CA 95066 Scotts Valley North MLS# 80850169 – Property Details
$299,900

1806155675_355

* Status: Active
* Bedroom: 3
* Bathroom: 2
* Year Built: 1979
* Lot Size: 39500
* Square Footage: 1360
* List Date: 12/18/2008
* Garage Spaces: 1

* MLS#: 80850169
Great opportunity to own a piece of Scotts Valley! Home details are from last MLS listing. Home was left in the middle of major recontruction. Fixer upper or tear down. No kitchen, only one bath. Please view with caution. Unsafe deck. The information is provided by others and has not been verified by CENTURY 21 Alpha, seller or listing agent. Not a short sale!

Burbed doesn’t usually venture to Scotts Valley, but fortunately Burbed reader Scott (no relation) did and this is what he found!

Wowsers. Talk about affordable. And its just a short commute on beautiful 17.

The fact that this is half finished is what makes this an amazing deal. Look at some of the work that has been done already:

1751787380_355a

If that’s not an awesome design I don’t know what is. After a long day of work you can come home, soak in the bathtub, and admire nature all at the same time. Wowsers. And if you have to go potty, it’s right next to it!

This house is just waiting for you to complete the masterpiece. Quick! How will you complete this:

1539311376_355b

Wow. I think the boundaries between space and time are collapsing here. Hey, that means you can build an unpermitted addition into the 4th or 5th dimension!

Comments (22) -- Posted by: burbed @ 5:16 am

March 23, 2008

Santa Cruz is saved – because people can’t afford to leave

Housing slump keeps people in Santa Cruz – Santa Cruz Sentinel
Fewer people are fleeing the once prohibitively expensive coastal reaches of Northern California, according to U.S. Census Bureau numbers released Thursday.

Santa Cruz County was among a number of greater San Francisco Bay Area counties that saw more U.S. residents staying put last year than any time since 2001.

For an explanation, observers say look no further than slumping home sales and slipping economic opportunity.

“For people to leave the most desirable areas, there has to be motivation to go, like jobs and housing,” said Jim Chubb, a loan broker at Pacific Inland Finance in Soquel. “With the economy shrinking, that hasn’t happened.”

<snip>

In Santa Cruz County, the number of U.S. residents moving out between July 2006 and July 2007 is still greater than the number moving in, by 1,977, according to the census report. But that’s just two thirds of how many left the year before and half of how many left the year before that.

 

Congrats! Santa Cruz is saved! Because people can’t leave as fast anymore! Hah! It’s probably the Mystery Spot that keeps pulling them back in!

More good news!

Median home price rebounds to $682,500

The median sales price for a single-family home in Santa Cruz County rebounded to $682,500 in February, up from $599,000 in January.

The median is the mid-spending point of what sold, and in February, typically a slow month, 70 homes sold. That’s the fewest number of February sales in 11 years, according to Gary Gangnes of Real Options Realty, who attributes the uptick from January to the change in the mix of sales.

Properties under $500,000 accounted for 19 percent of sales in February, down from 33 percent in January while the high end of the market sprang back into action.

Properties selling for more than $1 million accounted for 24 percent of the sales in February, up from 14 percent in January.

Three oceanview homes in Aptos were the most expensive homes sold: 940 Via Malibu, $2.6 million, 278 Beach Drive, $2.6 million, and 313 Kingsbury Drive, $2.4 million.

And if those homes sold for those prices, just imagine how much the house you buy in Santa Cruz will sell for tomorrow. It’s called leverage and OPM (Other People’s Money). A $500k loan could be worth $2.4 million tomorrow

Is missing out on this opportunity something you can afford?

Didn’t think so! Now’s the perfect time to buy, as usual!

(Thanks to Burbed reader Scott!)

Comments (8) -- Posted by: burbed @ 5:22 am

January 5, 2008

Santa Cruz to bypass housing woes

SantaCruzSentinel.com – Top Stories
Santa Cruz County is expected to bypass the statewide housing trends in 2008.

Alan Nevin, economist for the California Building Industry Association, said his statewide prediction for smaller homes and lower prices might come true in San Luis Obispo but not in Santa Cruz.

“The problem in Santa Cruz is supply,” said Jeff Becker of DMB Associates in Hollister and association chairman. “You’re not going to see smaller homes there at lower prices. Builders can build larger and always have a buyer.”

Thanks to Burbed reader Scott for sending this in.

Personally, there was never a doubt in my mind that Santa Cruz would buck the housing woes trend. After all, it’s got the Mystery Spot and the world famous beaches – foreigners of all stripes with their powerful currencies are flocking here to buy up second homes and villas to retire to.

Congrats Santa Cruz on these great prognostications from those in the RE business!

Comments (9) -- Posted by: burbed @ 5:52 am

April 14, 2007

Higher prices are better for buyers in Santa Cruz

Burbed Reader Scott sent me this note today:

Thought you might like this latest piece of illogic from Santa Cruz, that it’s in the interest of the buyer for prices to remain high (see midway through the article):

Let’s take a look at the article…

Median home price up to $747,000 – By JONDI GUMZ – Sentinel staff writer – April 13, 2007
Why don’t sellers simply lower the price? Because that doesn’t help the buyer as much financially.

Here’s why.

Say a buyer wants a condo priced at $500,000 and plans to put 10 percent down. That’s $50,000 out of pocket. The closing costs, which include loan fees, interest, taxes, title insurance, appraisal and recording fees, may run another $7,000.

If the seller dropped the price by $7,000 to $493,000, the buyer would save only $700, having to come up with a down payment of $49,300. Plus $7,000 in closing costs.

“It’s a way to help buyers get in when they’re short of cash,” Gangnes said.

Well that does seem a little fishy… Scott explains why:

No mention about property tax or the mortgage amount for that matter.  We’re also taught that months of supply is the only factor determining price. I’ve told this Jondi Gumz reporter to stop using Realtor Gary Gangnes as her “authoritative” source of info, but it’s ovbioujsly to no avail.

So I guess it’s a great time to buy in Santa Cruz, with prices at a record high then it’s really, really good for the buyer!

Oh come on Scott- don’t you know? It’s always a good time to buy or sell real estate!

Click here to post a comment -- Posted by: burbed @ 3:26 pm

February 20, 2007

"As We See It: No housing collapse here" in Santa Cruz

As We See It: No housing collapse here – - – February 19, 2007
Some who aren’t in the housing market are waiting patiently for prices to come down to an affordable price. Of course, people’s idea of “affordable” can have a big range.

But so far, we don’t see a collapse in prices coming. And without that, we also feel confident that businesses connected to real estate will continue without major problems.

Nationwide, and even statewide, the story might be different. But when you’re talking about the coast of California, don’t expect real estate prices to bottom out.

Thanks to Burbed Reader Scott for sending this one in.

Indeed, Santa Cruz is pretty special – perhaps if you spend enough time at the Mystery Spot, this opinion piece and its lack of economic backing will make sense.

Click here to post a comment -- Posted by: burbed @ 12:34 am

November 27, 2006

Did you ever want to buy a boarded up house for $585,000?

MLSlistings Property Detail for MLS number 666967
481 6TH AV
Santa Cruz, CA 95062
$585,000

4816th.jpg
This Single Family Residence has the following features:
MLS#: 666967 Approx Age: 66 Years Approx Sq Ft: 686
Detached Single Family 1 Story Cottage/Bungalow
2 Bedrooms 1 Bathroom 1 Shower over Tub

What? It doesn’t say that this is perfect for a First Time Buyer? I’m shocked! Shocked I tell you!

Here are some more photos:

4816th-b.jpg Ok… I give up. What happened to this house? I thought it was fire damage, but that doesn’t really look like it either. What’s your theory?
(Thanks to Burbed Reader Lynda for this one!)

Click here to post a comment -- Posted by: burbed @ 5:16 am

August 11, 2006

$889,000 for a 779 sqft house in Santa Cruz

Woot! Over $1000 per square foot!

REALTOR.com: Find a Home – Listing Detail
70 7TH AV
Santa Cruz, CA 95062
MLS ID#: 607340
$889,000
2 Bed, 1 Bath
779 Sq. Ft.
Estimated payment:
$4,495 Per Month*
370-7th.jpg

Single Family Property, County: Santa Cruz, Age: 68 year(s) old, Ocean view, View, Waterview, Single story
This listing is brokered by: American Dream Realty
Office: (831)429-5700
Property Features

* Single Family Property
* County: Santa Cruz
* Age: 68 year(s) old
* 2 total bedroom(s)
* 1 total bath(s)
* Approximately 779 sq. ft.

* Single story
* Style: Cottage, Detached
* Interior features: Clothes dryer, Clothes washer, Disposal, Microwave, Range/oven
* View
* Ocean view
* Waterview

That ocean view had better be darn good!

Thanks for the find, Tiffany D!

Click here to post a comment -- Posted by: burbed @ 5:16 am

June 27, 2006

Cheapest House in Silicon Valley: $350,000 in Los Gatos!

Apparently, this is the cheapest house in Silicon Valley*

MLSlistings Property Detail for MLS number 634105
23975 GLENWOOD DR
Los Gatos, CA 95033
23975glenwood.jpg
$350,000
CONTRACTORS SPECIAL
Nice home with a view, bright and sunny 14 minutes to downtown Los Gatos, 17 minutes to Santa Cruz, (GoogleMap) Home appears to be intact and in good condition. Landslide on lower part of property. Large retaining walls needed. Good opportunity for contractor or investor that has experience with retaining walls and Santa Cruz county. The extent of the slide needs to be determined. Sellers want to move on with their lives and are willing to take a loss. Before landslide, home was valued at $750K. Lenders will not lend on this property now. Best cash offer gets it. No contingencies, close escrow in 10 days or less. Offers reviewed on June 26 at 5PM. Home is vacant. Come out and take a look but be careful. Enter property at your own risk. Realtor’s keysafe is at property to enter the home. Listing agent can show. DIRECTIONS TO THE PROPERTY From downtown Los Gatos take Hwy 17 south. Go approx 1.5 mile past Summit Rd and exit Hwy 17 at Glenwood Dr. home is abut 3/4 mile, the third h

This Single Family Residence has the following features:
MLS#: 634105 Approx Age: 31 Years Approx Sq Ft: 1661
Detached Single Family 2 Stories 3 Bedrooms

You can’t get a loan for this, you can’t go there without getting killed… but it is the cheapest house in Silicon Valley. Buy it today!

*My Silicon Valley = Santa Clara less Morgan Hill and Gilroy.

Click here to post a comment -- Posted by: burbed @ 5:09 am