Email ElizabethLooking to Flip a Probate Home in North Highlands?
Calling all investors who are looking to flip a probate home in the Sacramento area. As a probate home, this sale is strictly AS IS and there are no concessions. May the best offer win.
You do not find very many opportunities right out of the gate to flip homes in MLS. Especially not houses under $200,000. Market for those types of listings is very slim. Just did a quick search in MLS for homes for sale under $200,000 in Sacramento County and we have a grand total of 45.
If you can look past the aqua color and the doggie smell inside, you will probably say it’s mostly cosmetic stuff. I can see an investor getting rid of the popcorn ceilings, tearing up the flooring, updating the kitchen and bath, installing new light fixtures and painting.
In the public records, the home shows as being built in 1963. However, the sellers moved into the house in January of 1962, and the seller’s son was born in October of that year. So the home was built in 1961. It is situated on a corner one block off Elkhorn Blvd.
This probate home in North Highlands is a two bedroom, 1 bath, with approximate square footage per the Sacramento County Tax Assessor of 832 sq. ft. It features a nice layout and a good-sized kitchen. For not really having any updates at the moment, there is a dishwasher and a trash compactor in the kitchen, plus space for a dinette set.
A bit odd is the fact the seller removed the bath tub and now the home has only a shower. Even though people don’t routinely use bath tubs, they still want them. Kids and pets, you know. I would definitely put a tub back in that spot with a shower. I’ve seen super cool tubs recently that sink part way into the floor so the tub sides are not very tall nor imposing, yet easy to get into.
The lot slopes half way down the hill in back and then levels out for a patio. You will see ham radio equipment attached, antennas and stuff, along with raised vegetable beds. Much of the fencing has deteriorated.
Another unusual thing to mention is the garage floor is raised about 4 inches to avoid flooding. It is a concrete floor. Not sure how you would get a car in the garage. You can also gain access to the garage from the house with a step-down, and that’s where the laundry hookups are located.
Why not make a private appointment to tour this probate home? 4275 Sloan Dr, North Highlands, CA 95660, is offered exclusively by Elizabeth Weintraub and Lyon Real Estate at $195K. For more information, please call Elizabeth at 916.233.6759.
The information in this advertisement, including, but not limited to, square footage and/or acreage, has been provided by various sources which may include the Seller, the Multiple Listing Service or other sources. Lyon Real Estate has not and will not investigate or verify the accuracy of this information. Prospective buyers are advised to conduct their own investigation of the Property and this advertised information utilizing appropriate professionals before purchasing this Property.
New Listing: Affordable Single-Story Home in Laguna Park
Are you looking for an a single-level home in Laguna Park priced under $350K? Then you’ve come to the right place. And you don’t have to make trade-offs or sacrifice anything on your home buying wish list. You can have it all in this popular Elk Grove neighborhood. Pride of ownership is evident throughout the neighborhood, and many homes are single-levels. No stairs, no levels, no step-downs, makes it easy on your knees, too.
This home in Laguna Park features 3 bedrooms and 2 baths. There is a front bedroom that could be used an office since it’s right next to the front door. The guest bath separates the two guest bedrooms. However, the master suite is secluded and away from the other two bedrooms. Which is especially nice if you have children, you can get a little peace in quiet in your master retreat.
When you walk in the front door, the first thing you will notice is how large the living room and dining room appear to be. A lovely fireplace with a ceramic surround is in the living room, and the vaulted ceiling makes the entertainment areas seem even larger. Look at all of that light in this space. Lots of windows.
Check out this great kitchen! Plenty of cabinets and there is space for a breakfast table. The refrigerator can stay as long as you ask for it in the purchase contract as personal appliances do not stay otherwise. If MLS says the refrigerator stays but buyers do not ask for it in the Residential Purchase Agreement, the seller is free to sell it on CraigsList.
9089 Paseo Grande Way, Elk Grove, CA 95758 is offered exclusively by Elizabeth Weintraub and Lyon Real Estate at $340K. Check out the virtual tour here. Then come to our Open House on Sunday, August 12, from 2:00 to 4:00 PM, hosted by Josh Amolsch from the Elizabeth Weintraub Team. If you’d like to enjoy a private tour before then, please call Josh for an appointment at 916.224.2756.
The information in this advertisement, including, but not limited to, square footage and/or acreage, has been provided by various sources which may include the Seller, the Multiple Listing Service or other sources. Lyon Real Estate has not and will not investigate or verify the accuracy of this information. Prospective buyers are advised to conduct their own investigation of the Property and this advertised information utilizing appropriate professionals before purchasing this Property.
Couple of Weeks Ago This Sacramento Top Producer Had Zero Listings
Yes, do you believe that a couple of weeks back, this Sacramento top producer had zero listings in active status? Could not recall a time when I had no active listings because all of my listings had sold. Usually it goes in cycles. But I always seem to have at least a handful of listings in active status, so it was strange to look at MLS and see everything pending. There was a big push in Sacramento right after the Fourth of July, and a bunch of homes went under contract. But going under contract and closing are not always synonymous with each other.
Which brings me to today as I have 6 listings. You might see only four because two listings are going live in MLS this week. But I see six. I listed 2 more homes last week and two homes this week. The missing two homes are back-on-market listings. Released by potential home buyers who didn’t really want to buy, regardless of their initial intent. One property was re-listed to reset the days on market. The other wasn’t on the market long enough to accumulate much time.
Usually this time of year things begin to heat up for this Sacramento top producer. Because we’re getting close to Labor Day. Right after Labor Day, we enter our fall real estate market in Sacramento. This market lasts until just before Thanksgiving. That’s not say that November and December cannot be busy months because they can. We sell real estate year-round in Sacramento.
But August is a tricky month. Families often go on vacation. Get ready for back to school. Preoccupied. And it’s generally quite hot. I read that since 1941, every day in the months of June, July and August has had a 100-degree day. In fact, when I first came to Sacramento, it was in August of 2002. Bloody hot and miserable, what kind of people live in this extreme heat, I wondered? Yet, here I am 16 years later, and to my amazement, a Sacramento top producer.
Now, I’ve had years in the 1970s / 1980s when the month of August has been my very best month for real estate sales but lately it’s a bit quieter. Some of this could be due to the wildfires in California, with the Mendocino fire being the worst ever in the state. It’s super smokey and hazy in Sacramento. You can smell the smoke when you go outside. Plus our market is beginning to transition to a different cycle. Shifting markets often adds a bit of confusion.
Still, going from zero listings to 6 active listings over the course of a couple of weeks presents a new challenge. That challenge is how to slip them into escrow while maximizing seller profit, which is always my game plan. Because I’ve given up trying to get 3 cats to pose together on my desk.
Stunning Home in Carmichael Closed Escrow at $1.2 million
My team members and I fell in love with this home in Carmichael on Del Dayo Drive. It is an absolutely beautiful and stunning home. Not only that, but the sellers invested quite a bit of money in new luxury vinyl plank flooring in the master suite and entire lower level. We tried to repair the granite island counter that had been stained. At the last minute, the handyman was afraid to touch it and opted out of that repair. Since it was time to go on the market, we could not wait any longer.
My solution for that was to send the buyer to Kitchen Design Center inside Filco and let them choose a new counter top, which the seller would pay for. We obtained a bid from Kitchen Design and uploaded that bid to MLS, in full disclosure. At this point, the sellers were excited and happy to turn over the home to a new buyer. But 4 weeks passed without an offer. Also, many buyers complained about the house.
What is not to love in a gorgeous setting of .40 acres, lush vegetation, terraced landscaping, with a beautiful pool? The home in Carmichael featured 6 bedrooms, 5 baths, with more than 5,000 square feet. It is one of the rare 1958-built homes in the Del Dayo neighborhood. We all expected that the home would promptly sell.
Although clearly noted in MLS and shown in the high-definition photos, buyers complained about the multiple levels in the home. Almost every single buyer either did not want multiple levels. Another good number of buyers felt the second master suite in the lower level was too small. Not on par with the master on the main level.
A few buyers said the home in Carmichael was too big for them, period. Way too much space.
As a result, we reset the days on market by signing a new listing at a new price. Within 7 days, bingo! We were in pending status.
There were a few glitches toward the end but nothing we could not resolve. Due to a snafu with the buyer’s lender, we could not close on our anticipated closing date of Friday. To facilitate a concurrent closing on Monday, the buyer dumped her lender, paid cash, and helped the sellers pay an unexpected hotel bill. We closed yesterday.
1661 Del Dayo Drive, Carmichael, CA 95608, sold for $1,200,000 on August 6, 2018. For more information, call the listing agent Elizabeth Weintraub at 916.233.6759.
Second Chance to Buy Vintage 1927 Bungalow by Southside Park
Within the first 6 days on the market, this vintage 1927 bungalow by Southside Park in Sacramento attracted a ton of attention. We were close to offers with 2 other agents when another buyer’s agent quickly submitted a purchase offer. That action resulted in a pending sale for a few weeks. It didn’t last more than a couple of weeks in escrow because the buyer was unhappy that the home wasn’t bolted to the foundation. However, no homes of this vintage are bolted to the foundation. She should have known that going into the transaction.
You never really know what will trigger fears in a first-time home buyer, which is why the buyer’s agent’s job is so incredibly important in a transaction. Can’t really speak to what transpired in this situation except that the buyer lost a beautiful home in a wonderful location that fit everything the buyer supposedly wanted. Or, so they say. Not privy to what actually goes on. A Sacramento listing agent never gets to talk to buyers under fiduciary with a buyer’s agent.
The home inspector also noted in the home inspection that a breaker switch was inoperable. It wasn’t. Turned out the inspector did not flip that breaker switch into the Off or On position. It had been shoved into an intermittent position. But you know, they don’t license home inspectors in California. Anybody can become a home inspector. No idea about that particular inspector’s experience level, either. The guy could have just made a mistake. Dunno. Regardless, the seller replaced the breaker switch anyway, just to alleviate any future problems.
We have a clear pest report on this vintage 1927 bungalow by Southside Park. This home has been babied by the seller ever since he purchased it. I’ve never seen a seller pay such meticulous attention to a home. Even the smallest of details seem to attract massive focus from the seller.
If you’d like an affordable and darling vintage 1927 bungalow by Southside Park, why not check out this 2 bedroom, 1 bath home at 411 U Street, Sacramento, CA 95818? Offered exclusively by Elizabeth Weintraub and Lyon Real Estate at $349K. This is your second chance — the second chance that doesn’t come around very often, you know!
The information in this advertisement, including, but not limited to, square footage and/or acreage, has been provided by various sources which may include the Seller, the Multiple Listing Service or other sources. Lyon Real Estate has not and will not investigate or verify the accuracy of this information. Prospective buyers are advised to conduct their own investigation of the Property and this advertised information utilizing appropriate professionals before purchasing this Property.
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