Best Belmont Deal of the Week 1.11.11

Tuesday is our tour day and this home was the best deal we found in Belmont. It's located in a GREAT area of Belmont with a nice micro climate. It's hard to beat the west side for $749,000. This home shouldn't last a week.

 

   
 
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1514 FOLGER DR, Belmont 94002 (Belmont)
$749,950 Beds: 3 beds Baths: 2|0 baths
 
DOM: 4   MLS: 81100860 
Property Overview
1514 FOLGER DR
Belmont (Belmont) 94002
Detached Single Family (Class 1)
Beds, Baths: 3, 2|0
SqFt: 1,790
Lot: 9,600 sq ft
Yr Built / Age: 1946 / 65 years
Assoc Fee:  
List Price: $749,950
Sale Price:  
Sale Date:  
COE Date:  
Remarks
Cute, Country Style Home on large lot. Single-story home has 3 Bedrooms, 2 Baths + permitted BONUS recreational/TV room in basement area. Cute kitchen w/newer appliances.Updated bathrooms. Enjoy expansive patio with built-in BBQ & nice green lawn area. Detached & refurbished 2 Car Garage has bonus area that can be finished off as office or workspace. Call for appointment…Owner Occupied.
Schools/Districts
Elem: Central Elementary/ Belmont-Redwood Shores Elementary
Middle: Ralston Intermediate
High: Carlmont High/ Sequoia Union High
Property Features
Familyroom
No Family Room

Informal Dining Area
Breakfast Bar

Formal Dining Area
Separate Dining Room

Other Rooms
Recreation Room

Bedroom Descriptions
1 Master Bedroom Suite

Shower And Tub
1 Shower over Tub

Shower
1 Stall Shower

Other Areas
Full Basement

Amenities
220 Volts in Kitchen
220 Volts in Laundry Area
Cable TV Available
Gas Hookup in Kitchen
Gas Water Heater

Fireplace Location
Fireplace in Living Room

Floor Covering(S)
Hardwood

Energy Features
Insulated Hot Water Heater
Low-Flow Toilet(s)

Listing Includes
1 Dishwasher
1 Refrigerator
Built-In Oven/Range Combo
Dryer
Washer

Garage/Parking
2 Car Garage

Lot Description
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View
Neighborhood View

Yards/Grounds
Barbecue Area
Dog Run/Kennel
Patio

Has Pool
No Pool

Pool Description
    - -

Pool Options
    - -

Style
Country English

Horse Property
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Horse Property Description
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Belmont-July 2009 Home Sales (by request)

We’re posting the sales for Belmont from back in July at the insistence of one of our readers (thanks for being so patient). We skipped that month since we were so busy ourselves. Quite a few buyers came out of the woodwork in July and we noticed it on one of our listings in San Carlos that had multiple offers. In our estimation, the Peninsula real estate market has not recovered significantly enough to warrant such activity but the low interest rates probably spurred people into action—all at once.

July Belm 2009

At 24, July had the most sales and of any month this year.  The median price was also the highest it has been all year at $926,500. But just look at how many homes sold over a million dollars! There were some very large homes selling which definitely propped up the median price temporarily.  We’ll go out on a limb and say that will probably hold for the remainder of the year—and well into the next; mostly because of the seasonal nature of real estate.

The prices that the sellers accepted were far under what their homes were listed for, indicating some tough negotiations by buyers and capitulating by sellers. Fifteen of the 24 homes sold under asking for on average of $ 43,000 less.

Sales in July were still less than half of what they were just a few years ago when homes were flying off the shelves. Still, it’s nice to see a momentary blip—unless you are a buyer. Speaking of that, if you are a buyer, the best time to buy a home is coming up soon. Don’t start your winter hibernation too soon and miss out on what we expect will be some great deals in December and January.