Belmontâ€™s housing picture settled down a bit as homeowners who had stalled temporarily in the wake of Octoberâ€™s housing news began to list their homes for sale for a pre-winter push.
â†’NEW Click on the play button to hear a brief market overview.
Five new listings have recently hit the market, three have been re-listed and there were three that closed escrow as well.
1943 Hillmanâ€”4 Bed 3.5 Bath 2,969 Sq. Ft. home on a steep up slope 8,500 Sq. Ft. lot. LISTED for $1,195,000. OK, the lot is steep and if you donâ€™t mind stairs youâ€™ll actually find a level rear yard area out back. Nicely appointed home with remodeled kitchen. Listed By Val Shevelyov, Quest Real Estate OPEN HOUSE INFO NOT AVAILABLE.
528 Davey Glenâ€”4 Bed 2.5 Bath 2,190 Sq. Ft home on a 7,350 Sq. Ft. lot LISTED for $1,139,000. Davey Glen is a busy street with mixed use (i.e. Condos, homes, businesses).Noteâ€”this home last sold in 1997 for $479,500. And who says Peninsula Real Estate is a bad investment. Listed By Bryce Cook, RE/MAX Today OPEN SUNDAY 11/23 1:00-4:00
1902 Miller Ave.â€”3 Bed 2.5 Bath 2,030 Sq. Ft. home on a 9,800 Sq. Ft. lot LISTED for $999,999. This home has a nice setting and is reminiscent of the Brady Bunch home of the 1970â€™sâ€”though it has been updated. Listed By Wendy Grainger, Wendy P. Grainger, Broker OPEN SUNDAY 11/23 1:00-4:00.
3402 Lower Lockâ€”3 Bed 2 Bath home on a 5,500 Sq. Ft. lot LISTED for $899,888. This home shows impeccably and has a very nice secluded rear level yard. Listed By Debbie Wilhelm, Coldwell Banker OPEN SUNDAY 11/23 from 1:40-4:30.
1941 Alden Streetâ€”3 Bed 1 Bath 1,330 Sq. Ft. home on a 5,500 Sq. Ft. lot LISTED for $ 865,000. Nice updated ranch home and it shows rather well. Elevated in the rearâ€”level; yard below. The street is moderately busy. Listed by Debbie Sharp, Alain Pinel Realtors OPEN SUNDAY 11:23 1:00-4:00 and again on 11/30 (same times).
1021 Elmer Street (no photos)â€”3 Bed 2 Bath 1,250 Sq. Ft. home on a level 5,000 Sq. Ft. lot in Sterling Downs (AKA east side of El Camino). LISTED for $689,000. This is a pre-foreclosure sale bargain hunters start your enginesâ€¦ Listed by Cameron Thompson, Alain Pinel Realtors OPEN SUNDAY 11/23 2:00-4:00 and again on 11/30.
2007 Monroe Ave. 2 Bed 1 Bath 930 SQ. Ft. home on a 4,000 Sq. Ft. lot. RE-LISTED for $655,000 with no price reduction. This home has potential. Donâ€™t let the 930 Sq. Ft. scare you awayâ€”it has a bonus room below which adds another 250 Sq. Ft. probably. Listed By Peter Vece, Dumas & Company
1909 Lyon Ave. 3 Bed 2.5 Bath 1,629 Sq. Ft. home on a 5,150 Sq. Ft. lot LISTED for $865,000 down from $869,888. The real price reduction was from $912,000 back in August. This home is now a very good deal and someone should jump on it. Nicely appointed and very clean. It has a level rear yard on a Â½ level down access. Listed By Celeste L. Pagan, Carlmont Associates NO OPEN HOUSES LISTED.
2422 Hastings Dr. 3 Bed 2.5 Bath 2,250 Sq. Ft. home and a 4.032 Sq. Ft. lot RE-LISTED for $1,108,000 (same as before).These homes are along Hasting Drive and they are usually attached, though some are technically detached. This one has a canyon view and itâ€™s an end home on the block so it has a neighbor on only one side and great canyon views out the other two (the front has a street view). It started at $1,038,000 back in August 2008 and was lowered to $1,018,000. It didnâ€™t sell and a new agent listed the home at the same price. Listed By Jun Kyu Chung, East West Realty
â†‘1500 Escondido Wayâ€”4 Bed 2.5 Bath 2,080 Sq. Ft. home on a 17,120 Sq Ft. Lot LISTED for $1,250,000 SOLD for $1,375,000 in 12 Days. This home was unique in that it has a huge level lot and is located near downtown on one of Belmontâ€™s premiere secluded cul-de-sac streets. The only negative to this home was it backed up to Ralston Ave. and Chula Vista so it does get some street noise. Other than that, itâ€™s a one-of-a-kind home and worth every penny they paid over for the home.
â†“1314 Palomaâ€”3 Bed 3 Bath 2,390 Sq. Ft. home on a 4,320 Sq. Ft. lot. LISTED for $995,000 originally. It was lowered to $925,000 after three weeks and two weeks later it received a contract and SOLD for $900,000.
Itâ€™s interesting to note that the two homes above were both remodeled yet the smaller one received $425,000 more. One can never underestimate the allure of a park-like level rear yard. Itâ€™s also interesting to note that appraisers typically will allow only $5.50 per square foot credit for land. At that rate Escondido should have only received $970,000 rather than the $1,375,000 it did. Clearly appraisers are way off on estimating the value of usable land vs. just land (i.e. a sloping lot).
This information is for entertainment purposes only and includes no legal, accounting or real estate advice nor is this intended to be specific to your situation-always consult a specialist who is familiar with the details of your situation.
Information deemed reliable but not guaranteed. This is not intended to be a representation of homes listed or sold exclusively by Drew or Christine Morgan or Carlmont Associates.Download WIR 11.22.2008