Real Estate Market Activity – Calaveras County (30 Days)

The market is hot right now up in the foothills!
Over 100 residential properties have closed escrow in the last month, ranging in sales price from $57,500 up to $945.000!

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Sunset from Mountain Ranch.

In the same space of time, 29 parcels of land ranging from $16,500 to $200,000 have sold as well! The “Green Gold Rush”, as we’ve been calling the rush of cannabis growers flocking to Calaveras County, has driven up the price on raw and improved acreage throughout the more rural areas over the last several months, although sales of raw parcels of residential land are staying at a similar level to pre-rush days.

Also, 5 mobile homes in Calaveras County have closed escrow in the last month, ranging in price from $24,000 to $80,000.

All are located in “55 and over” parks in Murphys and San Andreas.

The Calaveras County Association of Realtors® MLS currently shows a total of 439 residential properties available for sale and 513 parcels of land in various stages of improvement, from raw to completely furnished with everything but the house (septic, well, power, building pad, etc.). If you’re in the market for a new home, vacation home, investment property, land, or even a business opportunity, please don’t hesitate to pick up the phone today and give me a call, I’d love to help guide you along the way!

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Value: Renovations, Improvements, and Appreciation

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Many things can add value to a property. Most of these have something to do with improving or renovating the property in some way. However, a property can also increase in value due to appreciation, which is attributable to the improvements in the current real estate market conditions compared to conditions at the time of purchase. And all of these are different from the amount of value that the actual owner has in the property based on how much equity they have, but that’s a topic for another day.

handymanTaking care of deferred maintenance issues can add value to a home because those are items that the next owner will not need to take care of immediately or prior to being able to use the property. These can be expensive items such as roof or plumbing leaks, pest damage to support structures or decking, electrical wiring and fuse replacement in older homes, or they can be routine things such as replacement of smoke detectors to the new standard of 10 year battery life, installation of carbon monoxide detectors, landscape maintenance, or a coat of paint.Painter cartoon

If your home has no deferred maintenance issues, the next items a homeowner with an eye to improve their home’s value will want to address are renovations.  Homes older than 20 years are going to have been built with the latest styles of kitchen and bathroom design of their day, and by now those items are starting to look dated (or even antiquated).  Remodeling an outmoded layout in order to change room size and shape, as well as replacing cabinetry and/or appliances (the most common renovations), tubs and toilets, flooring and countertops, can add value to a home by bringing it into the new age; freshening and brightening its face and doing away with items that have become functionally obsolete or just outright eyesores.

Improvements are items added to the property since its purchase by the current owner to improve his or her enjoyment of it, or specifically to increase its value.  These include additions and upgrades. Adding appliances such as dishwashers, trash compactors, garbage disposals, ceiling fans or air conditioners where none existed previously; installing pools, home theater systems, water purification systems, grey water systems,
solar imagesolar panels, home control and security systems, backup generators, or upgrading driveways, landscaping, and windows will all add value and bring the home into the new millennium with finesse.

Finally, a home’s value can increase due to appreciation, as I mentioned before. This occurs when the market improves after you have purchased your home and the value of your home  goes up because all other comparable homes on the market are now selling for a higher price than when you purchased your property.

Great Mobile Home on it’s Own Land!

Make an appointment to see this gem today!

3715 Cedar Vista Drive, Murphys

3 Bedroom, 2 Bathroom – 1440 Square Feet on .42 Acres

Listed at $114,500

Get away from it all – just a few short miles from town!

3715 Cedar Vista Overhead Pic This home sits at the top of the street on a cul-de-sac in a peaceful neighborhood full of birdsong.HPIM8976

 Front and back decks are both covered.

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HPIM8926Built-in cabinets in the dining area.

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All 3 bedrooms have full closets. HPIM8942

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Front bedroom has access to the living room, hall, and the front deck via a sliding door. HPIM8951

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180 sq ft detached shop has power and a paved walkway from the house.

Additional 120 sq ft storage room attached to shop. HPIM8965
Covered Carport with room for two!

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Scan this code with your smartphone for more information!3715 Cedar Vista QR Code

Manufactured, Mobile Home, or Stick-Built?

A lot of folks are confused about the difference between manufactured homes, mobile homes and stick-built homes.  Most of the differences have to do with the way these units are built: was it built on-site or prefabricated in a manufacturing plant and trucked to the building site?  Is it mounted on posts and piers, or is it affixed to a foundation?  Is it considered a house or a vehicle?  But some of the other differences can affect one’s ability to get a loan on the property, and others can prevent it altogether.

Here’s the simple explanation:

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A stick-built home will appreciate over time.  It is built on-site, on a solid foundation (concrete slab or perimeter), and is considered a house.

 

 

Mobile HomeA mobile home is more of a “disposable” home (don’t be discouraged by that term, though, I’m talking decades here!), and is considered a vehicle, therefore it must be registered, and will depreciate as it ages.  They are constructed in their entirety off-site, trucked to their new location, and stabilized when they arrive.  Double-wide and larger mobile homes are affixed together at the new site, but other than that all sizes of these homes are completely constructed when they arrive, down to the flooring, siding, and rain gutters.  Generally they are mounted on posts and piers, although some are supported by other types of footing, brace and plate systems, and most have flat roofs.  Many counties throughout California do not allow mobile homes to be placed on just any property, however – these counties require mobile homes be contained in parks.  Calaveras County is fortunately not one of these, although there are a few mobile home parks located throughout the county, some for those residents who are 55 years old or older only, many of these type homes have been erected on acreages on their own here.  The chief plus on the side of mobile homes is that they tend to cost much less than their counterparts.

 

 

Manufactured HomeManufactured, or modular, homes are constructed off-site in sections and pieces, trucked to the construction site, and put together there.  They are still considered mobile homes as far as most lenders are concerned, but are permanent once constructed, unlike mobile homes which could conceivably be trucked to another location after being secured to an initial plot of land.  Manufactured homes are usually mounted to a regular foundation, such as a slab or concrete perimeter with a crawlspace or even a full basement.  These homes usually make premium use of the space provided by their square footage, with very user-friendly layouts and ample storage.  And their shelf life is considerably longer than traditional mobile homes because they tend to be constructed of higher quality materials.  Unfortunately, although they don’t depreciate at a head-spinning rate, they also don’t hold their value as well as a stick-built home, and they are hard to find loans for at this point in time.  Also, if there have been changes or additions made to the layout of the building after construction is finaled, be prepared to spend a lot of time looking for a lender willing to work with that particular property.