Author: monterey – Page 2

Seaside, CA Units

calaveras1575 Calaveras St., Seaside, Ca. 93955
$481,000  Duplex on one of the biggest lots around 12,000 sq ft lot. This is zoned residential but has been a duplex since 1970’s. The lot is street to street for easy access.  Live in one side, have someone else help pay the mortgage and have lots of room for storage!  Would you like more details?

Call Eileen at (831) 277-9939

Click on small photo below for more photos and details.

Open House

lewis_front2SOLD!
Open House Sunday June 8, from 1 to 3 pm
487 Lewis – $399,900
Updated, 3 bedroom, 2 bath, newer updated kitchen, with granite countertops, new sink, dishwasher and stove. Fireplace, updated bathrooms.

Newer roof, newer gas forced air furnace, newer water heater. Fenced yard, double car garage. Questions or can’t make the open house?

Call Eileen (831) 277-9939

Marina Open House

carmel410_1

Marina 4 bedroom at 410 Carmel Avenue (near Flower and California)
$399,900 Open from 1 to 3 pm Sunday, March 30, 2014
4 bedroom, 2 bath approx 1660 sq ft., family room, fireplace, dining area, breakfast bar, dishwasher. Double garage, fenced yard.
Click for More Photos

For more details call Eileen at (831) 277-9939
DRE#00752739
(Agents will be in mls Monday 3/3/14)

Monterey Real Estate Sales

banner_harber

 

 

Recent Monterey Sales
Looking for market information? Check what has sold in Monterey lately.

[idx-listings city=”Monterey” statuses=”4″ propertytypes=”275″ orderby=”SalePrice” orderdir=”ASC” count=”20″]

Bank Owned Condo

oaks2-300x201The Oaks Condos in Del Rey Oaks, CA. – Bank Foreclosure – Popular One bedroom for $211,050.

More info? Call Eileen to see or for more details – 831- 277-9939

[idx-listing mlsnumber=”81338801″ showall=”true”]

Monterey Mediterrean

Open House  Saturday and Sunday April 27 & April 28 , from 1 to 4 pm.
14 El Caminito del Sur, Monterey, CA. 93940
Or Call Eileen at (831) 277-9939

Charming Mediterrean home on 1/3 acre, circular driveway, detached new 2 car garage. 1935 home, approx 1568 sq ft., 3 bedrooms, 2 baths, hardwood floors. Fireplace in living room and in dining room. Call Eileen to see or for questions! (831) 277-9939

What is a Short Sale?

under_waterWhat is a Short Sale and why do you care?  A short sale is when the owner owes more on the loan than the property is worth. A house might now be worth $300,000 but have a mortgage of $500,000 on it. So the bank, the lender has to agree to do a “short sale” where they take less than the full amount of the loan. Why would a bank do this? Well the government encourages this plus it usually costs more for them to foreclose on the property and then resale it then to do a short sale.

If you are a buyer you have to be patience as a short sale takes longer than a regular sale. But you may get a little better buy than usual. Also supply of homes on the market is limited.  You first make an offer and it is presented to the seller. Right now most homes have multiple offers. After the seller accepts an offer, you then wait until the bank responds. They are usually faster now so you may hear in 30 to 60 days. But it could take longer. Then the bank has to either accept your offer or counter. They will usually get an appraisal on the property for their use.

Once you reach an agreement with the lender (on the short sale property), you then open escrow and get your inspections on the property. The seller and the bank are not going to do repairs though. The seller will not receive any money from the sale. (Sometimes the seller may receive some money for moving expenses).  If the repairs needed are higher than expected you can try to renegotiate with the bank again. If they won’t budge on the price you then have the option to either cancel or continue the sale at the agreed on price.

It’s a little more hassle doing a short sale, but it’s often worth it!  Call me, Eileen if you have more questions on short sales or want to see any properties on the Monterey Peninsula! (831) 277-9939

 

 

 

Del Monte Park

Del Monte Park, Pacific Grove Sales

Del Monte Park Homes in Pacific Grove

There have been 10 sales in the Del Monte Park Neighborhood in the last 90 days, ranging from $280,000 up to $485,000.  At the low end was 1206 Lincoln a 3 bed, 1 bath 1008 sq. ft home in poor condition that was an all cash sale.  Next was 1248 Buena Vista also a fixer upper all cash sale of a 3 bedroom, 1 bath 1031 sq. ft. home.

1113 Presidio was a samll 2 bedroom, 1 bath home 828 sq ft. that sold for $295,000. This home had nice hardwood floors and an updated bath. It sold for $295,000. 1321 Lincoln was one of my sales and my clients got an exceptionally good buy at $376,000. The home was 3 bedroom, 1.5 bath and was 1352 sq. ft. The big bonus was the huge 9000 sq ft lot – a double lot for PG.  Also a bonus was the garage and workshop combo at the back of the property that was bigger than the home!  Just down the street was another sale on Lincoln at 1201. This was a smaller 2 bedroom, 1 bath home, 827 sq.ft. that sold for $350,000.

Moving up the price range to above the $400,000 level was a sale at 1126 Piedmont that sold for $450,000. This was a bigger home – 1900 sq ft. and was 4 bedroom, 2.5 baths.  The home could have used some upgrading but was a large home by PG standards. Another home at 1142 Buena Vista sold for $440,000. This was actually a duplex with the main home a 2 bedroom, 1 bath unit and with a detached 1 bedroom, 1 bath across from the back porch.  This property also had a full basement which is unusual on the Monterey Peninsula. Guess we don’t have many tornados where we need to shelter in the basement!

The home at 1124 Piedmont was a Bank REO (foreclosed home) that was 1266 sq ft and a 3 bedroom 2 bath, updated home. It featured marble entry as well as nice hardwood floors. The kitchen was updated, also had a new roof and rare for PG the sewer lateral work had already been replaced. (In PG sewer laterals must be inspected. If they are not in good shape they must be replaced!!) This home was listed at $467,500 and sold above the list price at $480,000.

There were two more sales in the Del Monte Park Neighborhood. One at 1101 David Ave sold for $430,000.  This was a large 4 bedroom, 2 bath home on a huge 9000 sq. ft. lot. This home did need considerable updating and TLC.  But lots of square footage on a double size lot. This was a short sale, which just goes to show you that sometimes you can get good buys in this niche. The last sale in this area was at 1315 Funston. This was a nicely updated home, 1870 sq. ft., 4 bedroom, with 3 full baths. Nice open floor plan. This was also a short sale and sold for $485,000.

Hatton Fields REO

Hatton Fields Home at 3650 Lazarro – $825,000

Hatton Fields Home for SaleThis is an Carmel REO (bank owned home). The home is 3 bedrooms with 3 full baths, 2257 sq. ft. on a huge 21,400 sq ft. lot – almost a half acre! This home is in good condition with hardwood floors, updated kitchen and baths. Also has 2 car garage. Very sunny home.

You will be in the popular Carmel School district. This one is a “sleeper”. Marked down from $950,000. I just do not understand why it has not been snapped up yet. Hurry, the landscape in the back is starting to die. 🙁

Call Eileen at (831) 277-9939

Seaside Highlands

Seaside Highlands – Pick of the Week

Seaside Highlands Homes

4273 Bay Crest Circle, Seaside, Ca. 93955 for $576,000

Spacious 4 bedroom, 3 bath home on huge 12,342 sq ft lot. Has bedroom and full bath downstairs. Great condition! This has all the pluses – home is only 8 yrs old, with fireplace, family room, stucco exterior, double car garage with opener. This one won’t last. Call me now to see! Eileen (831) 277-9939
More info about Seaside Highlands Homes