Great Investment Opportunity in Winters, CA

It isn’t very often that you find one owner for both sides of the halfplexes located on E. Main Street. In Winters we have a fairly unique situation down on Caselli Court and Lauren Court and part of E. Main Street. The properties are built as a duplex with a common firewall in between them. Each half can be sold individually and many of them are. In this particular case I have owners who happen to own both halves and you can buy one side or both if you like. I have been the property manager for these two properties for many years and now the owners have decided to sell. Each side is currently rented. If you would like more information about this opportunity please give me call at 530-681-8939.

New Winters Listings

Several new listings and prices reductions have occurred in the past few days. There is a price reduction on 213 Creekside to $205,000 and Walnut Ln  has been reduced to $309,000. 304 E Baker St is a new listing as of last Friday s is listed at $231,900 and is eligible for Homepath financing. It is filthy dirt and smells of animal urine but will be a nice home with some new paint, a deep clean and new flooring throughout. It is my understanding that 803 Valley Oak has several offers on it but nothing has been accepted yet.  Hope this update is useful to you.

462 Edwards Street Update

Well after four months the bank has finally accepted the offer on this property!  It is truly amazing to me that it took so long.  We have been working on this for over a year.  In December we had an accepted offer with the bank and then the Buyer backed out.  Instead of just letting us slip in a new Buyer we had to start the process all over again.  Even so, I really don’t think it should have taken Chase over four months to approve this deal as it was basically very similar to the one they had already accepted.  What a waste of everyone’s time and money.  The poor seller is still having to pay all the utilities,  insurance and taxes and such while they have been waiting for this approval.  Well, hopefully this  will all be done by the end of June.  I will keep you posted.

Great New Listing on Orchard Lane, Winters, CA

A nice, new single family home came on the market last week in Winters, CA.  It is a good, old-fashioned, regular sale and vacant so easy to view.  It has four bedrooms and two full baths with a nice little sun porch on the west side of the house.  It is a custom built single story home in an area of mixed homes, some custom and some built but a developer or spec homes.  It is currently listed for $305,000.  Worth taking a look at.

630 Ficus is Back on the Market!

After three months in escrow on this short sale the buyers have walked!  Guess they couldn’t sell their home so decided to stay put.  Anyway, that makes this an amazing opportunity for someone.   It is hard to find a nice single story with over 1600 square feet.  The home was built in 2003 and has new granite counters in the kitchen.  Very neat and clean, call me to take a look.  We just got approval on the first so should move relativley quickly.  Let’s hope so anyway!

28 E. Edwards St has a new price!

The owner of this property is very motivated to get this house sold by the end of the year.   Yes, I know it is a little messy looking on the outside.  The tenants are in the process of moving out and it is taking some time.  However, it is now easy to show and less crowded in there with most of their things are gone.  This is a good time to buy a house so come and take a look at a cute, remodeled Bungalow in downtown Winters.   Let’s make a deal!

D-Day is April 30 for the Federal Tax Credit.

According to the Federal Guidelines you need to be “in contract” by Friday April 30 in order to get the $8000. tax credit for first time home buyers.  Since there has hardly been any inventory in the past 5 months not enough people are going to be able to take advantage of this in my opinion.  There is a wonderful new listing on Dorset CT for $208,000 if anyone wants to make a run for it in the next two days.    The California tax credit is in effect until it runs out of money.    My accountant told me many of the young people in his office took advantage of the Federal Tax Credit this year.  Good Luck!

30321 Positas Rd closes!

Silverado Trail
Image via Wikipedia

Positas Road, Winters, closed on Wednesday, April 21, 2010, two days ahead of time!  Positas Road is located West of town, just west of where Pleasants Valley Rd meets Highway 128.  It is a small private road with about 10 parcels and awesome views.  I am sure the new owner will love it up there.  The house was 1304 square feet with 3bedrooms and 2 baths and was built in 2001.  It sold for $392,000. with a $3000. credit to the Buyer in lieu of any repairs.     That is a very nice comparable sale for everyone. 

Hope to see you all tomorrow at Youth Day.

Reblog this post [with Zemanta]

Finally some new lisitngs in Winters!

Last week we had not one, but two new listings come on the market.  The first one is at 1006 Suffolk Pl and is a little over 1200 square feet.  It is a 3/2 which needs some work.  Unfortunately, is smells of cat pee.  The really cool thing is that it backs up to Dry Creek so it  has no rear neighbor and has a great view of the foothills.  The other new listing popped up Saturday morning.  It is located at 304 Edwards St.  It has three bedrooms downstairs and two bedrooms upstairs.   It is a quaint older house that has been added on to and has 2 HVAC systems.  Let me know if you are interested in taking a look at either one of them.  Have a great week, Youth Day is next Saturday, don’t miss the parade and fun at the park.

California’s Home Buying Tax Credit, still some questions.

Below is a quote from an article in the San Francisco Chronicle about the new home buyers tax credit.  It seems that the verdict is still out as to whether or not this applies to current escrows are only those who go into contract May 1, 2010 or later.  I tried several times yesterday to call the California Association of Realtors attorneys for clarification on this and the lines were always busy.  Then I resolved myself to call our local Assocation of Realtors and was just referred to another website with no answer.  As you can see from the link below it looks like everyone is waiting word from the Franchise Tax Board.  Wouldn’t you think they could write a bill  specifically states this such and the current federal rule states.  Too bad there is so much confusion.  Looks like we are “still waiting”.  I need to know so I can advise my clients as some of them might be better off closing in May instead of April.   

“First come-first served eligible taxpayers must close escrow between May 1, 2010 and Dec. 31, 2010, or after December 31, 2010 and before August 1, 2011, pursuant to an enforceable contract executed on or before December 31, 2010.

Watch for clarifications from the states Franchise Tax Board