Wow! A 4 bedroom, 2 bath, 1,805 sq. ft. home on 6,100 sq. ft. lot for this price?!
It’s 8 years young, is on a corner lot and is walking distance from a park and the schools. Only 3/4 of a mile from Hwy 101 makes for an easy commute. Surrounded by 100′s of acres of farm land with views of the mountains lining the valley makes this Greenfield home a peaceful place.
BTW: this is NOT the nice home in Greenfield, CA. This one is England. Nice pic however.
Watch for Open House dates/times. The first is Saturday, 5/4/13 from 10 AM to 1 PM.
What a difference a year makes in the housing business!
The ‘Great’ News for Morgan Hill is that only 9% of the sales were Short Sales or REOs in 1Q13. That means that the length of time on the market dropped dramatically while the prices jumped. Owners are starting to notice the change.
The Bad News (for buyers) is that there has been a 56% drop in the number Morgan Hill sales from 1Q12 to 1Q13. Prices are climbing at a healthy rate.
Actually, that is great news for homeowners because their values are rising. “Staying” and “refinancing” are the bywords this year (so far). Those few homeowners who want to sell typically see multiple offers soon after they list their home for sale and end up with prices higher than what they listed for.
Since Morgan Hill home values are still lower than the ’05 peak and with interest rates down around 4% it is a great time for those who want to buy a home in our awesome little community.
Home loan interest rates have risen over the last week. We have enjoyed rates in the “3′s” for the last several months. Today, however, we are nudging up against 4.0%. The impact on home loan payments, and qualifying is really surprising! Here, for example, is the affect on a $300,000 fixed rate, fully amortized loan that went up .5% from 3.5 to 4.0%:
4.0% $1,432.25/ mth
3.5% - 1,347.13/ mth
Increase: $85.12 every month
Increase in income to qualify: $224/ mth
4.5% $1,520.06/ mth
3.5% - 1,347.13/ mth
Increase: $172.93 every month
Increase in income to qualify: $455/ mth
So, will the interest rates go up further? How much? How fast? What do you think? This is not a time to ponder. It’s a time to pursue! Why not text or email me your current: Loan Balance, Principle & Interest payment, and interest rate. Or, you could just email me a copy of your current home loan statement. I will send back to you how much a refinance will save you each month.
(APR for 3.5%: 3.875%, 4.0%s APR: 4.374%, APR for 4.5%: 4.873%)
Just a reminder! Cell Phone Numbers Go Public this month.
REMINDER….. all cell phone numbers are being released to telemarketing companies and you will start to receive sales calls….. YOU WILL BE CHARGED FOR THESE CALLS
To prevent this, call the following number from your cell phone: 888-382-1222.
It is the National DO NOT CALL list. It will only take a minute of your time. It blocks your number for five (5) years. You must call from the cell phone number you want to have blocked. You cannot call from a different phone number.
Touring model homes is fun – even inspirational! They are perfectly decorated and have all of the most current upgrades possible. So, it is an easy leap to want to buy a new home vs. a resale home.
But, is that impulse supported by experience?
True, with a new home you get to choose your colors and textures. Of course, everything is new. After you spent all of your cash (and some of your parent’s) for down payment and closing costs you’ll find out that YOUR new home has no window treatments, sprinklers or landscaping. Unless you already have your ‘frig, washer and dryer, you’ll get to buy those too. Then, AFTER you moved in you will see what kind of neighbors move in around you.
A resale home’s windows has shades or curtains, sprinklers and mature landscaping. Sometimes a seller will offer the ‘frig, washer or dryer for a nominal fee. They may even agree to pay some of your closing costs. The personality of the neighborhood is quickly discerned before you buy the home. You may not love the colors or, want to remove a bush or trim back a tree but those minor changes can be done as you have the time and means.
When you include a Home Warranty with a resale purchase, virtually all of the used components are covered: ‘either repair or replace’ is how that policy works.
Watermelon, chocolate chip cookies and a nice home await you in Santa Cruz. Come out to 3 Lyle Way, Santa Cruz (off Graham Hill Rd.) between 1 – 4 PM Sat. 5/26. This nice 4 bed., 2 bath home has 1,700 s.f. and sits on a 14,000 s.f. lot!
Just 3.5 mi is Santa Cruz Beach Boardwalk and Steamer’s Lane. A few blocks away is Pasatiempo Golf & Country Club. That course is ranked 3rd best in CA! When it’s time to go to work this home is only 30 miles from Cupertino and Silicon Valley.
WOW! What a nice home in a GREAT LOCATION! Don’t miss seeing this one.
This 1,700 s.f. home sits on a 14,000 s.f. lot just 3.5 miles from Santa Cruz Beach Boardwalk and only 30 miles from Silicon Valley. A few block away is Pasatiempo Golf & Country Club – rated the 3rd best course in CA!
Here is a home with a compelling backyard and huge side yard. Enjoy the gazebo and hot tub. The customized deck even has 3 gas outlets for your BBQ and radiant heaters.
Take a look at the VIDEO Tour of: 3 Lyle Way, Santa Cruz, CA. It will be like being there. Then, call/text me for your own, personal tour.
Remember when we were on a road trip with the kids in the car? What was the question they always got around to? “Are we there yet?”
Nearly every day people ask me the same question relative to home values: “Are housing values at the bottom yet?” The answer varies depending the area you are asking about.
In this article Forbes provides mixed answers: homeowners in the San Francisco Bay Area may “be there”. Other places in CA and around the country, however, may have a ways to go yet before their house-value-slide ends.
San Jose was specifically listed as one of the few metro area where values seem to have leveled. This continues to be good news for Morgan Hill, Gilroy and Hollister home values. With the majority of South County residents commuting up into the Bay Area, home values in these three cities will continue to follow San Jose’s lead.
So, Johnny, we’re there – but we won’t be returning to increased values for some time to come.
1291 Bonnie View Drive, Hollister: A completely remodeled, 4 bed. & 2 bath home on a 16,500 sq. ft. lot!
Watch the VIDEO Tour of this nice home. You’ll note that nearly everything, even the plumbing, has been redone. Have you heard the term: “turn key“? This home is it. Just put in the key and move right in. There is virtually nothing left to do.
The wide side yard access to the huge back yard provides endless possibilities: A large garage/workshop, toy barn, pool etc. could easily fit into this back yard. In the VIDEO you can see what the neighbor did with his same sized lot.
From this home you are less than a quarter mile from Hwy 25′s extension for an easy drive to Gilroy‘s Premium Outlet Center and CalTrain for a convenient commute. Schools, shopping and medical facilities are within walking distance. Veteran’s Memorial Park with its 5 baseball diamonds, skate park and picnic area is also just a short walk.
As close as this home is to everything, Bonnie View Rd. is not a through street so there is little traffic. It is a quiet neighborhood.
This is NOT a short sale or bank owned sale. You will deal with the actual seller and can expect to close in a matter of weeks.
For your own personal tour of 1291 Bonnie View Rd. just call/text or e-mail me and I will arrange it for you.
Mobile homes are delivered to the sight on their own axles and wheels and generally have the wheels remain in tact. It is not real property and you pay the DMV vehicle taxes on it.
Modular homes are pre-built homes which are delivered to the lot on flatbed trucks, hoisted onto a permanent foundation and bolted down. Therefore the Modular home becomes ‘real property’ because it is affixed to the land. You pay regular property taxes on a Modular home, according to Prop. 13, as you would on regular, or, “stick-built” homes.
The value of the Mobile home is generally less than that of a Modular home. Financing of such a home is not nearly as attractive as that of a Modular home. There tends to be fewer lenders wiling to lend on a Modular home than a traditional “stick-built” home. However, those that do, typically offer comparable rates and fees to that of traditional homes.
We (under my “Community West Mortgage hat”) are one of those lenders who lend on Modular homes. Why not call or e-mail me for more details?
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