Posts Tagged '417 N Main Street'

Open Houses in Sonoma County

417 N Main Street, Sebastopol

Tomorrow (yes, that is a Wednesday) 417 N Main Street in Sebastopol will be open from 9:30 AM until noon.  Agents and individuals are welcome to visit.  There is no sign outside this home and it is not listed in the MLS – but it is for sale with an asking price of $450,000.  This sale is not a short sale or a bank owned property.  Real people are selling their home of many years.  Specifics on the home are:

Modern bathroom has vintage style

  • Built in 1903 and many original details are still intact
  • Addition which includes Family Room with gas fireplace, bathroom, laundry area and two bedrooms was completed with permits in 2005.
  • 4 bedrooms with 2 baths
  • Granite countertops in Kitchen
  • Hardwood floors in Living and Dining Rooms
  • Ceramic Tile in Kitchen and Family Room
  • Parking in Back with Alley Access

New ceramic tile floor in kitchen

The updates to this home have been done with attention to the style of the era in which it was built.   The latest improvement to the home is a new ceramic tile floor in the kitchen.  It was much needed and makes the kitchen shine.  When you visit, you will see pictures of this home when horses and buggies were the mode of transportation.  Today it is tucked back from Main Street but clearly across the street from Safeway.  While many folks comment on the busy street, my clients have loved sitting on the porch sipping coffee and watching the hustle and bustle of Sebastopol life.  There isn’t a better location to watch the Apple Blossom parade and no excuse to not have all the ingredients for a spur of the moment special meal or dessert.

I have no expectation for the open house tomorrow.  It is on a Wednesday – it is not advertised in the MLS.  I am prepared for whatever comes.

152 Firethorn Drive, Rohnert Park

This weekend I held an open house at my listing in Rohnert Park.  152 Firethorn Drive is a 4 bedroom single level home in need of much tender loving care.  The list price is $299,000 which is within range of many buyers.  I knew that I would have a good turn out.  The crowd was amazing – at least 40 people visited – I could not keep up my count and answer questions both.  Yesterday I received 8 offers.  Today we will compare the submissions and chose a buyer.  The market is HOT!   Buyers who are trying to do it on their own without an agent, are at a disadvantage.   Even with the internet, they do not have access to everything on the market or all of the details that are in agent’s comments on the MLS.  Of course, I would love to work with  more buyers and sellers.  If you know anyone, have them contact me.

Open  houses are a great way to see how the market is.  As one person put it to me at the open house, “This is a real wake up call.  I thought we were in a buyer’s market.”  Prices are still affordable but not as low as last year.  Interest rates are at an all time low – FHA is at 3.25% with a 3.5% down payment.  If a home is priced well, it will have offers in a few days.  Short sales are getting more reasonable in timing.

What a great time to be in real estate!

What is Happening in Sonoma County Real Estate?

Amazingly I realize that it has been almost two months since I have posted.  It is not that I have not thought about it – it all has to do with timing.

December was filled with getting myself situated at RE/MAX PROs in Rohnert Park.  Yes, it is the same office as CPS Property Advocates which I joined in November.  Four affiliations in the span of six weeks is quite an undertaking.   Fortunately during this time, I have been able to get some business transacted.

Last week the little cabin in Maribel Heights of Forestville closed.  Two days prior to the close, the short sale on Gamay Street in Santa Rosa was approved and inspections were completed.  Early last week, we opened escrow on a bank owned condominium on Racquet Club Circle in Rohnert Park.  I would say that business is picking up in Sonoma County.

But none of these escrows are straight forward or “easy.”  What is a “straight forward” escrow?  Straight forward is where the seller agrees to an offer, the inspections are completed to everyone’s satisfaction, the appraisal is submitted and accepted by the bank, the escrow company draws up the papers, the buyers and sellers sign the documents, the bank funds the loan and the sale closes.  There are many steps but everything goes in a smooth order.  This does not seem to happen often these days.

8190 Knoll Drive, Forestville

The sale in Forestville was the perfect opportunity for a regular, straight forward transaction.  It is a cute, clean cabin – built in the 50’s (maybe – who knows when the county did not keep records at the time) and with a second lot next door.  First problem was that many did not believe that the lot was buildable (i.e. that the county would allow a residence to be built upon it).   We finally (okay, it was only a couple of weeks) got an offer that seemed to be acceptable to all parties and opened escrow.  Second problem was that while there were other homes sold in the last three months in the neighborhood, none were with post and pier foundations or with a lot as large.  Then the appraisal came in $40K less than the agreed upon price – not much value for the extra lot and no comps in the same area.  When the bank reviewed the appraisal, they decided that errors were made and took another $20K+ off of the value.  So now we have a buyer who was willing to pay more and a seller who was expecting more.  After much back and forth, it was agreed that the house would sell for some over the appraisal (based upon what extra cash the buyer could pull together) and after the first of the year to allow time for the sellers to find a property to exchange into.  Everything was set – and then the interest rates began rising.  The property finally closed but it was nail biting down to the end.

1623 Gamay Street

The home on Gamay Street is a short sale.  What that means is that the bank is owed more money than the house will bring in a sale.  Wachovia is the bank who holds the note and they have been proactive in addressing the issues.  My client was qualified for HAFA (Home Affordable Foreclosure Alternatives) which is a very good program for people who are losing their homes due to financial circumstances beyond their control.  The two major benefits of HAFA for the seller are that the loan is forgiven (meaning that the bank cannot come after the seller in the future to pay off the remainder of the loan) and the seller is given $3000 to cover moving expenses.  All was going well and then the appraiser climbed under the house and said that he observed a leak in the plumbing.  The bank said that there needed to be a licensed plumber called to remedy the leak.  Two inspectors had been under the house and did not observe a leak.  The plumber did not observe a leak.  We are awaiting a resolution from the bank.

The condo in Rohnert Park is in escrow with a bank.  Fortunately (based upon the two earlier examples) there is no loan and, therefore, no appraisal.  The challenge is that the bank wants everything done yesterday but seems to be taking their own sweet time about getting their end of the deal done.  I am sure that it will work out well but I expect that something out of the ordinary will happen.

This is real estate today.  Deals are getting done.  Nothing is easy.  Most buyers and sellers are stressed.   But the bottom line is:  When you need to sell, sell.  When you need to buy, buy.  There is no better time to do it.

When I return to Sonoma County from my vacation, I will be holding the home on N. Main Street in Sebastopol open and I will be listing a horse property on Sonoma Highway.  Watch here for details in early February.

417 N Main Street, Sebastopol - OPEN FEB. 13, 2011 1 to 4

Does Anything Ever Stay the Same?

Just when I thought that I had changed everything that should be changed, another big change has occurred in my life.  I am now a REALTOR affiliated with Better Homes and Gardens – Mason-McDuffie.  Now that is a mouthful!  How did this come about?  Mason-McDuffie is the brokerage that I joined when I moved to Prudential CA Realty some 4 years ago.  The company owns 35 offices (of which Sebastopol is one) with 1900 agents throughout Northern California and the Reno-Sparks area of Nevada.  

  

So what does all of this mean to my clients and me?  My funny, flippant answer is that I have always wanted to be with a company that has a green (or non-blue) logo.  It goes so much better with my coloring.  The serious answer is that for right now – it means nothing.  A lot of hoopla was made at the announcement meeting in San Francisco about improved tools, expanded marketing and better name recognition.   Better Homes and Gardens Real Estate LLC is a subsidiary of Realogy Corporation, a global leader in real estate and relocation services.  Meredith Corporation is the licensor of the Better Homes and Gardens brand and publishes the magazine, Better Homes and Gardens.  

I have spent my last 36 hours contacting the sellers of my listings and giving the heads up on the sign changing in front of their homes.  I am selecting new business cards – yes, my beautiful new business cards that Jen designed are now obsolete.  I am doing the business that needs to be done.  This seems like an excellent time to post my listings here.  

1623 Gamay Street, Santa Rosa

 Today the home on 1623 Gamay Street in Santa Rosa went active in the MLS.  Asking price is $348,000 which is a short sale.  This is a lovely home in West Santa Rosa off of Guerneville Road.  With only one loan, the approval time from the bank should not be very long.  

  

One of 3 Residences at Sully's

The nostalgic community of Monte Rio is along the Russian River and hosts the Bohemian Grove.  Sully’s was the playground of San Franciscans escaping the summer fog.  Today this property  is 1.75 acres of walkways and redwoods with three  residences.   This historic property offered at $650,000. 

417 N Main Street, Sebastopol

Sebastopol is known for gravenstein apples and vintage charm.  This four bedroom, two bath home was built in 1903 and is true Sebastopol.  Hardwood floors, gas fireplace, spacious porch – all add up to a convenient, livable home in downtown.

8190 Knoll Drive, Forestville

I used to live in Forestville so there is a special place in my heart for this wonderful little town.  Up in the warmth of Mirabel Heights is 8190 Knoll Drive.  This 2 bedroom cabin is on a double lot which means it has some gardening room.  The interior is knotty pine and totally Russian River in style. 

Call me if you would like more information on any of these listings.  My phone number remains the same:  707 486-3119. 


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