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JaCi Wallace
Incredible Land Park Home for Sale
Every Land Park agent likes to think of her new listing in Land Park as a truly incredible Land Park home for sale, but this particular home features all of your hot buttons. Privacy, space, luxurious updates, tasteful colors, modern blends with Old World, it’s all here. Coupled with energy-saving devices such as a tankless water heater for endless hot water, you will find all newer flooring, light fixtures, interior and exterior doors, copper plumbing, updated electrical and dual pane windows. Life-time transferrable warranty on roof.
Stats include 2-3 bedrooms, two full baths, a family room with home office space, a separate sun room, constructed in 1948 and a little under 2,000 square feet on a .23 acre lot.
The home is located in Upper Land Park on a winding tree-canopied street with little through traffic. It is situated on a curve in the street, which makes the lot size enormous, almost 1/4 acre. Two maple trees adorn the front yard, including blooming azaleas, a white camellia and 18-year fuchsias.
Look at this beautifully designed kitchen. The number one-rated dishwasher in America, KitchenAid. An imported 14-gauge German sink, extra deep, sports a pull-out pre-rinse faucet; above, hand-painted Italian pendants provide extra light. Recessed lighting. Distressed cabinets with pewter hardware. Zepher range hood and exhaust, GE Profile gas and convection range and oven. Quartz counters. Ribbed glass in a few upper cabinets. Pull-out spice drawer. Pull-out recycling and trash. Newer GE refrigerator with ice dispenser. There are two pantry cabinets, including a breakfast nook that seats 5 comfortably.
Most of this Land Park home for sale features oak hardwood floors, which have been refinished. A recessed ceiling in the dining room offers the perfect spot for a Hubbardton Forge chandelier. The rounded glass block wall to the right and its corresponding glass block wall radiate light. It creates a private space yet remains part of an open floor plan.
Enormous living room provides a beautiful view of the greenery seemingly in abundance on this block-long street. Look at the gorgeous plaster ceiling. They don’t build houses like this anymore, not from redwood, which lasts practically forever, nor plaster. What you don’t see here are the rounded walls and intricate ceiling entry.
The only remaining items prior to the guest bathroom remodel are the glass block knee-wall and the 1948 tub with matching toilet. The walls and floor are Carrera marble. All of the light fixtures in the house are LED. But when you walk into this bathroom, the lights automatically come on. Auto exhaust fan. Extra storage, too.
Painted cedar walls, with a diagonal design on the ceiling, makes the space in the step-down family room appear much larger. Floor-to-ceiling windows do not need coverings for privacy. At the end of the room is a brick wood-burning fireplace that opens on the exterior into a BBQ. Not pictured is also a home office area with two more windows.
If you’re always desired a spacious master bedroom suite, this is your chance. Two big walk-in closets with pull-out drawers under. Four big windows. That gorgeous oak floor, and a modern ceiling fan to keep things cool at night. Sellers believe it is very quiet at night.
Sellers spared no expense with this master bath design in such a compact space. Walk-in shower with block glass wall (no shower door), copper-tone glass vessel sink, quartz counter and Thomasville cabinets, complement the all stone-pebble floor. Including an incredibly quiet, one-flush Toto toilet. Tile is Italian porcelain cut on the diagonal and features 3 different sizes in a complicated pattern.
Bonus room is presently used a sunroom / laundry with two pantry closets (not pictured) and built-in cabinets shown here, including a door to the back porch and raised deck. It could be a third bedroom. Entrance to the attic is from the pantry closet with built-in shelving.
Best of all is the enormous yard, almost 1/4 of an acre. Sellers replaced the lawn and sprinklers. You will also find a small green-house with gardening supplies, and a handful of cedar raised-garden beds with their own drip system. Plumbing for a Jacuzzi has been preserved. Separate two-car garage with its own sub-panel, garage door opener, and plenty of storage, too.
This incredible Land Park home for sale is offered exclusively by JaCi Wallace and the Weintraub & Wallace Team at RE/MAX for $695,000. Furnishing are negotiable, but washer, dryer, refrigerator will stay. Newer patio furniture can remain, too.
620 Dudley Way, Sacramento, CA 95818. For a private tour, please call JaCi Wallace at 916.216.5224.
Identity Theft in Sacramento Real Estate
Identity theft in Sacramento real estate is not something I have given much thought to until recently. It happens to other people but not to me or so I thought. Saturday, I received a few emails from agents out of state in Pennsylvania who said they received offers from me and were they real? I said, please forward it to me. The identity theft imposter was using an email very closely resembling my email, with just a few extra letters. Here the rub, I can only sell real estate in California as I don’t have a license in another state.
When I started responding to this a few days ago, I only received about 50 calls and emails from several states. I reported it to Google and put extra security on my phone and my credit. Therefore, I decided to also change passcodes and thought this should now stop. Wrong! Yesterday I received over 200 calls and emails. I could not answer the calls fast enough. These people were calling from Colorado and the hits kept coming. I was trying to present offers, write offers, walk a new home community and answer the phone. In short, it was a nightmare. I hope Google shuts this bogus email down asap. If not, it could double efforts to get back to everyone today. If so, how do I respond to 500 inquiries in a day?
This photo is a real picture of one of my German Shepherd pups all grown up and living in Utah. He is looking out like he is amazed at the beauty and splendor of the Utah mountains. I thought to use a beautiful photo as we all need something pretty to look at during these challenging days. I doubt identity theft in Sacramento real estate, is what this pup is thinking about.
Above all, with today’s low-interest rates, it’s a great time to buy a long term investment in real estate. Call Weintraub & Wallace Realtors with RE/MAX Gold Real Estate in Sacramento. We can be reached at 916-233-6759.
— JaCi Wallace
The February 2020 Sacramento Area Housing Report
The February 2020 Sacramento Area Housing Report, everyone is talking about it. Wall Street is in meltdown, toilet paper doesn’t exist at Costco and my friend just in a panic bought three firearms. Whoa! The majority of us are handling this current COVID-19 virus pretty well. Others, are of course being impacted on a variety of levels. There will always be different ranges of reactions. When isolated, it is often challenging to know the reality of the housing market. This blog serves to be a source of information. So let’s talk about interest rates. Yes, they spiked up slightly (still under 4%) a week after they dropped to a record low 3.13%. This is in part to a backlog of loan applications (up 55%) that lenders cannot keep up with.
The only tool the lenders have to slow down the demand for refinancing and purchase loans is to raise their rates. This goes against the way it is supposed to work naturally. I took this past weekend to swim in a tub of coffee, scour housing reports and talk to resources to find out what is happening. These efforts are to provide you with the clearest picture of what is developing in the housing market. The verdict, demand is still very high and mortgage rates should fall back down to an extreme low once lenders get through these files and applications.
High demand for homes is still present. Sacramento is still in as much in demand as it has been over the last several years. This virus has not changed that. The housing market is absolutely on fire, not by opinion, but by the numbers. It was going strong before the COVID-19, but now, prices and demand shown below in the February 2020 Sacramento Housing Market Report are through the roof. The market is always good for someone. It is always prudent to hire the best real estate team and put a plan together whenever possible.
Real estate is historically a safe haven for investment during times of crisis and now even professional investors from abroad are putting money into US real estate to sidestep public markets, that are shedding value. These people watch their money very carefully and it is their daily job to monitor it. I think watching what they are doing is a good indicator of the overall health of the market. It is actually driving our market even harder!
This virus came on fast, and it is understandable that folks would be a little freaked out. But when the dust settles as systems are being put into place to defeat this situation, the humming of the housing market will return to that recognizable “hum.” There is just so much noise right now it may not be as easy to hear it. Based on the numbers, this is not a time to fear buying real estate; but of course, always be sure to have a great real estate team.
Life is not all flowers and banana’s, of course. Many people are suffering right now. Empathy is overflowing from our homes to all of those hurting right now. So many people will be keeping things moving, for the benefit of countless families and industries. We are so lacking in inventory. New listings are down 3.3% from last month and 3.5% from a year ago and sales are down a whopping 41.3%. I imagine some Realtors will be leaving the business this year based on the housing shortage and multiple offers making it a very competitive market. Did I mention we have over 100 years of experience, dozens of awards?
The picture is clear there were 14% more accepted offers in February 2020 over February 2019. This was a 10.8% increase in Median home prices from February 2019 to February 2020 in Sacramento County. That is a 5.3% increase from January to February alone. We don’t even know what the future holds, but owning a home is a part of the American dream for so many. Many first time buyers are choosing to buy instead of rent as it is more affordable in some cases. This is supply and demand, the same story we have been telling for years.
February 2020 is looking at the percentage of what sellers are getting vs what they ask at 99%. The spring market started last month, folks. A well oiled, well-connected machine like the Weintraub & Wallace real estate team is the best tool you can have in your tool belt, this year. When the gloves come off, your nails better look nice.
If you want to hire a top producing team of highly skilled and experienced Realtors, call Weintraub & Wallace Realtors with RE/MAX Gold We can be reached at 916-233-6759.
— Josh Amolsch
Elk Grove Ranchette on 2 Acres 5 Bedrooms Plus Casita
Spectacular Elk Grove ranchette on 2 Acres 5 Bedrooms plus casita is on the market in Sacramento County. This property has it all featuring many upgrades. 11840 Gidaro in Elk Grove California is a rambling Mediterranean-style, with views from the entertainment areas and master suite. The outdoor living is incredibly spectacular for those barbecue get-togethers, birthday parties and so much more. The oversized kitchen offers an abundance of space and a walk-in pantry. You can actually see fabulous mountain views from the kitchen. This is one of those wide-open spaces where the dinner party can fit in your kitchen.
When you drive into the rural ranchette subdivision, you cross a bridge that resembles the “Covered Bridges of Madison County.” Then you see the white rail fencing throughout the subdivision. The expansive tile roofing gives a warm appearance across the rooftops. The rolling green pastures and trees with acreage sized lots afford space and privacy. Streets are wide and offer enjoyable evening walks. Further, stars shine brightly and cool breezes in the evening keep the summers enjoyable.
The Casita has a kitchenette and a full bathroom with gorgeous built-in bookshelves. It is a great office or creative space separate from the main home. If you are looking for that rare gem with country living, call to see it today. This rural real estate living is growing in popularity. Buyers are wanting more space in the great outdoors and opportunities to raise and grow your own food. The square footage totals approximately 5,300 of living space, and with two enormous acres and a grand view. List price $1,150,000.
Perhaps buying a solar system on these large homes is a wise investment with some tax advantages, but act quickly. How long will this be tax deductible? I’m looking into this for a 2021 purchase as my home is all-electric. With electrical bills well over $500 a month, my solar could be paid for in 10 years. After a decade, the huge savings banked over the following 15 years would be a nice nest egg. Some of these systems come with 25-30 year warranties, but that’s for another blog.
Contact Weintraub & Wallace Realtors with RE/MAX Gold today to see this or other properties. We can be reached at 916-233-6759.
–JaCi Wallace
Spectacular Elk Grove ranchette on 2 Acres 5 Bedrooms plus casita is offered for $1,150,000. Call to see it today. 916-233-6759
Is Lot Size Correct On Your Home?
Is lot size correct on your home? This is an interesting question. Recently on a listing, the county tax agency reported on their public site, a lot size of well over an acre. As Realtors, we are not supposed to do investigation on a property at the county. An investigation is the responsibility of the buyer or seller, depending on circumstances.
Agents help facilitate inspectors but we have no qualifications to be an expert at interpreting county records. Another risk an agent takes is you deal with one person at the counter who says one thing; but, if you report this information to your client and later they find out it was incorrect, it could be an issue. The legal departments at our brokerage cringe over stuff like this.
In this instance, the buyer did go to the county and it reported a smaller lot. We immediately called the escrow officer. She asked the title officer to verify a potential past lot line adjustment. The title officer did find a transfer of acreage to the lot next door. This updated lot size information was immediately shared with the buyer’s agent.
A buyer may feel they can then pay less for the lot and request a price reduction. However, in this case, the buyer had previously walked the lot and said it was perfect for their use. If there was an open field and the buyer was told this open field is part of the sale, it could have been a big problem, and then a price reduction may be a reasonable request.
This discovery of a lot size discrepancy is a good example of why the buyer’s inspection time period of 17 days, exists. Per the California Purchase Agreement, 17 days is the default. This time is for the purpose of confirming the property checks out. The reports, disclosures and buyer investigations were created to protect a buyer. If during this time period buyers decide that do not want to purchase the property, they can cancel.
Is lot size correct on your home? Typically, the answer is not always. Buyers should always investigate the property they are buying. If you want to buy a home and have your exclusive buyer’s agent review potential lists of inspections with you, call Weintraub & Wallace Realtors. We partner with RE/MAX Gold. We can be reached at 916-233-6759.
— JaCi Wallace
