Wednesday, June 9, 2021

New Listing - 8945 Portofino Dr, Elk Grove, CA 95758

Stunning 4 bedroom, 2 bathroom, 1,739sf Elk Grove home offers an optimal blend of indoor & outdoor spaces. Inside, the entry leads to a large living room and dining area. You will love the huge kitchen, which offers lots of counterspace, storage space, gas appliances, an island, and nook. Kitchen overlooks the family room with/ fireplace, and leads to the backyard. Spacious bedrooms & remodeled hallway bathroom w/dual sinks and a tub/shower. Primary bedroom has a huge walk-in closet & luxurious ensuite bathroom w/dual sinks & a step-in shower. The backyard is an outdoor oasis ideal for entertaining, with a custom trex deck, hot tub, flagstone path, space for your firepit, and is surrounded by lush grass and manicured gardens. Lots of sunny space to play! Shed provides extra storage. 2-car garage. Right-hand side secondary driveway, paved sideyard, and swinging gate for storing your RV or toys! Newer fencing. All this within close proximity of parks, schools, and more. Don't wait! Offered at 499,900. For more details, photos, and a 3D virtual tour, please visit 8945 Portofino Dr, Elk Grove, CA 95758.

Friday, June 4, 2021

New listing - 4405 Cottage Way, Sacramento, CA 95864

This 4 bedroom, 3 bathroom, 2,052sf Sacramento home has been lovingly maintained by the current owner for nearly 3 decades. You will be WOWed by the unmatched style and features, and awesome location! Step inside to find a formal living room, adjacent formal dining area. All new kitchen in 2017 with quartz counters and full backsplash overlooks backyard and family room! Large hallway bedrooms and remodeled hallway bathrooms! Enviable primary suite features a large walk-in closet, personal craft/workspace closet, remodeled ensuite bathroom with dual sinks, separate soaking tub and stall shower. Upstairs find a sizable 4th bedroom/loft area. HUGE, quarter acre park-like backyard with lots of sunny space to garden or play, areas shaded by tree canopy, two storage sheds, RV access. Refinished original oak floors, newer tile and carpet throughout. Composition roof, central HVAC, dual pane windows, inside laundry area, dual water heaters, and 2-car attached garage. All this located near award-winning k-12 schools, parks, shopping, restaurants & more. Don't wait! Offered at $599,900. For more photos, a video, and 3D tour, visit 4405 Cottage Way, Sacramento, CA 95864.

Thursday, June 3, 2021

New listing - 10491 Dolecetto Drive, Rancho Cordova, CA 95670

This adorable 3 bedroom, 2 bathroom 1,253sf Rancho Cordova home is ready for a new owner! You will love the spacious, light and bright layout. The enviable remodeled kitchen offers white cabinets, granite counters, Whirlpool stainless appliances, breakfast bar and a passthrough window to the patio! Large living room features a cozy fireplace and luxury vinyl plank flooring. Adjacent formal dining room. Large hallway bedrooms. Primary suite has lots of closet space and ensuite bathroom. Attached 2-car attached garage. Large backyard with 5 varieties of fruit trees, water garden, planter beds, and lots of space to garden, relax under tree canopy, or play in the sun! Drought tolerant zero-scape in front yard. Dual pane windows. Central heat and air. All this located in close proximity to light rail, the American River Parkway, Hagan Park, k-12 schools, shopping, restaurants, & more. Don't wait! Offered at $399,900. For more photos, details, and a 3D tour, please visit 10491 Dolecetto Drive, Rancho Cordova, CA 95670.

Wednesday, June 2, 2021

New listing - 9224 La Riviera Drive, Sacramento, CA 95826

This adorable 3 bedroom, 2 bathroom, 1,150sf home is ready for a new owner! You will love the spacious, light and bright layout, freshly painted interior, wainscotting, and laminate flooring. Large living room features a cozy fireplace. Adjacent formal dining room with elegant chandelier. Enviable kitchen overlooks the enclosed patio and backyard. Large hallway bedrooms. Primary suite has lots of closet space and ensuite bathroom. Indoor laundry room with lots of built-in cabinetry. Enclosed screened patio space is the perfect place to enjoy coffee and conversation, or for al fresco dining entertaining guests on a crisp evening. Attached 2-car attached garage. Large backyard with fruit trees, and lots of sunny space to garden or play. All this located in close proximity to Sac State, light rail, the American River Parkway, k-12 schools, shopping & more. Don't wait! Offered at $399,900. For more photos, detail, and a 3D tour please visit 9224 La Riviera Drive, Sacramento, CA 95826

Tuesday, June 1, 2021

Interviewed on KFBK about requiring homes be all electric....

I was recently interviewed by KFBK reporter Kitty O'Neal about the electrification of housing stock. The Sacramento City Council today is considering an ordinance requiring future new home construction to be all electric -- that's means no gas appliances. At some point, it is also likely they will consider requirements to mandate existing homes convert to all electric utilities. Here is a link to the audio interview. A few key points we discussed:

  • While SMUD is a very forward thinking local electric utility, our current electrical grid and power storage capacity cannot handle full electrification at this time.
  • The movement to fully electrify homes is out alignment with consumer preferences! I have never had a client tell me they want an all electric kitchen, however most clients (unprompted) express a strong desire for gas cooking appliances.
  • Retrofitting existing homes to swap out gas appliances to all electric appliances IS EXPENSIVE. And many homes do not even have electrical panels that can accommodate adding more circuits to accommodate new electric water heaters, furnaces, or cooking appliances.
  • We can reduce residential carbon emissions in other ways -- by making homes themselves more energy efficient with weather-stripping, insulation, or by planting shade trees. 

She also interviewed several other local leaders regarding electrification, proposed implementation, and how it may affect other industries and market segments. You can listing to all the interviews here.

Monday, May 31, 2021

New listing - 2705 California Avenue, Carmichael, CA 95608

Lovingly maintained by the current owners for over a decade, this impeccable 3 bedroom, 2 bathroom, 1,507sf Carmichael home is ready for a new owner! You will love the spacious layout. The sizable updated kitchen has granite counters and stainless appliances. Adjacent formal dining room. The living room has a fireplace and large sunny windows overlooking the backyard. Large hallway bedrooms. Primary suite has lots of closet space, and an updated ensuite bathroom. Large bonus room is a great home office or exercise room! Enviable laundry room with lots of built-in cabinetry. Wood floors, composition roof, central HVAC, newer water heater, lots of storage space, and 2-car attached garage. HUGE third acre park-like backyard with lots of sunny space to garden or play, planter beds, covered patio, manicured landscape, shed, chicken coop, and possible RV access. All this located near Ancil Hoffman Park and Golf Course, the American River Parkway, k-12 schools, shopping & more. Don't wait! Offered at $499,900. For a 3D tour, more photos and detail, please visit 2705 California Avenue, Carmichael, CA 95608.

Friday, May 21, 2021

New Listing - 2735 59th Street, Sacramento, CA 95817

Tahoe Park 3 bedroom, 1 bathroom, 1,111sf cutie! Location location location - this adorable fixer property is in an ideal spot -- just a quick hop skip and a jump from Tahoe Park and its playground, sports fields, and swimming pool AND on a road that is quick jaunt directly into East Sac! The best of both worlds! This is the perfect blank canvas for your renovation. You will love the light and bright floorplan, updated kitchen, three spacious bedrooms, indoor laundry room, wood floors, and central heat and air. Large shed is great for storage. Huge backyard with lots of sunny space to garden or play. Backs up to the 59th Street-2nd Avenue Alley! Sewer line was replaced in 2020. The possibilities are endless. Close proximity to public transportation, shopping, restaurants, schools, freeways, UCDMC, the future planned development at Aggie Square, and more! Don't wait! Offered at $399,900. For more photos and details visit 2735 59th Street, Sacramento, CA 95817.

Thursday, May 20, 2021

VICTORY! Closed a really complex short sale today!

Today I closed the MOST COMPLICATED short sale I have ever worked on. Which is pretty remarkable considering that during the Great Recession, I closed more short sales than I care to remember and most were pretty difficult transactions. 

For short sale aficionados, this one had a first mortgage, a second mortgage, a PACE/Ygrene lien, about a decade of IRS Federal income tax liens, many years of unpaid utility liens, and a creditor judgment lien. All these liens had to be negotiated and settled/satisfied in order to close. 

I listed this house in November of 2019, and due to all the moving parts, it was really challenging to line up the pieces. The first mortgage company kept pushing the property into an online auction process, which just unnecessarily ate up a bunch of time. The second mortgage was charged off a decade ago and I had to track down what company even owned the debt. New liens popped up mid-transaction. And we went through 4 buyers who got frustrated with the process, did not want to make additional repairs caused by squatters and vandals, or did not want to pay an increased price as required by the lienholders...each time I had to start the negotiation process over. I had foreclosure sale dates postponed probably 8+ times. In fact, another foreclosure sale was looming and scheduled for June 2nd. 

Transactions like this one take SEVERAL HUNDREDS of man-hours. And teamwork. I am so thankful for Tricia Loughran with Chicago Title for helping with some super important pieces of this. 

Short sales are not common in today's market. But what will happen in the future? Please tell me which fancy algorithm can close a complex transaction like this one? Spoiler alert: they can't. 

So with all this, I am drinking a celebratory beer tonight! Cheers!