Archive for the 'Localism' Category

Upcoming Event Near Lake of the Pines, Auburn Ca. ~ Auburn Spring Home Show

said on May 15th, 2013 filed under: Auburn, Fun Things to Do Outdoors, Gardening, Lake of the Pines, Localism

Upcoming Event Near Lake of the Pines, Auburn Ca. ~ Auburn Spring Home Show is coming this weekend May 17th – 19th 2013. This event takes place at the Gold Country Fairgrounds. continue reading…

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Rent It or Flip It?

said on May 9th, 2013 filed under: Localism

Rent it or flip it?

Last year the answer to this investor question was simple.  Rent itMy investor clients would buy cheap foreclosures, fix them up a bit, and rent them for 10+% cash-on-cash return.

This year the small investor environment has changed Prices have gone up; those cheap “fixers” have mostly disappeared.  We can still find properties that return a more modest 5%-7% but now, because home prices are rising and the inventory is low, you should be looking at the advantages of taking short-term profits by buying, fixing, and re-selling as soon as possible.

What should you consider as you make the decision, rent it or flip it?

  • Short-term profits vs. long-term profits
  • Risk of a market downturn if we hold and rent
  • Tax consequences of each strategy (a topic unto itself)
  • Holding costs during remodel
  • Landlord skills vs. remodel skills
  • Fun.  Yes, fun.  Which is more fun?
  • Use of profit.

What does that mean?  Use of profit.  Suppose you decide to flip the property, and after all costs (buying, holding, remodeling, selling, taxes), you net a modest $35,000 on a little ranch home flip.   I give you a check for $35,000.  After taxes.  Net.  Profit.  $35,000.  So what?  What are you going to do with it?

  • Pay bills?
  • Buy another “flipper” and do it again?
  • Put it in the bank? (No!)
  • Go to Bali for 6 months (My vote!)

 

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Lake of the Pines Custom Home for Sale

said on May 7th, 2013 filed under: Lake of the Pines, Localism

Lake of the Pines custom home for sale.

Woodhaven front black 1 small

This one is a rarity for the gated northern California community– a newer-built home.

OLYMPUS DIGITAL CAMERA

 

Completed in 2005, this lovely custom home is on the quiet end of the best street at Lake of the Pines, Woodhaven Place.  How can I call it “the best street?”  Well. this is my blog so I can do whatever I want, but that bit of snippery aside, Woodhaven Place really is pretty, quiet, and with little traffic.  It’s one of those lollipop streets, a short stick with a loop at the end.  This home is on the loop.  Some of the coolest people live on Woodhaven.  CJ and me, for example.

lvg room7

This home is a perfect blend of beauty and function with a superior floorplan and no wasted space. Not too big, not too small.  The master and convenient office are both on the main floor with no steps from the driveway or garage.

yard

The modern kitchen is designed for someone who loves to cook.

kitchen4

Modern bathroom.

master bath4

The great room features doors to the balcony, fireplace, and high ceilings.

master

Downstairs has 2 bedrooms & full bath.

lvg room

New fixtures, fans, lights and built-in bookcases throughout.

office

This is an exceptional property in an extraordinary location.

How much?  I knew you were going to ask that.

$537,000

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Lake of the Pines High School – Auburn, Ca Bear River High

said on May 6th, 2013 filed under: Auburn, Lake of the Pines, Localism, Neighborhood Profiles, Real Estate Nuts and Bolts

Lake of the Pines High School – Auburn, Ca Bear River High School is located near the community of Lake of the Pines at 11130 Magnolia Road Grass Valley, CA 95949 (530) 268-3700. continue reading…

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Sara Watkins in Grass Valley, CA

said on May 3rd, 2013 filed under: Cultural Events, Grass Valley, Localism

Sara Watkins will perform in Grass valley at the Center for the Arts on Saturday, May 11.

 

I have my tickets!  Do you have yours?  Still some left when I bought mine today.

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Lake of the Pines Middle School – Auburn, Ca Magnolia Intermediate

said on May 3rd, 2013 filed under: Auburn, Lake of the Pines, Localism, Neighborhood Profiles, Real Estate Nuts and Bolts

Lake of the Pines Middle School – Auburn, Ca Magnolia Intermediate School has enjoyed serving students in the Sierra Foothills since 1975.  They currently have about 620 students in grades 6-8.  Located between Grass Valley and Auburn near the community of Lake of the Pines, they are nestled among the beautiful trees and blue skies. They are in the Pleasant Ridge Union School District, their physical address is: 22431 Kingston Lane Grass Valley, CA 95949 Phone: 530.268.2815. continue reading…

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Lake of the Pines Elementary School – Auburn, Ca. Cottage Hill Elementary

said on May 2nd, 2013 filed under: Auburn, Lake of the Pines, Localism, Neighborhood Profiles, Real Estate Nuts and Bolts

Lake of the Pines Elementary School – Auburn, Ca. Cottage Hill Elementary School is located near the community of Lake of the Pines. They serve approximately 550 students in grades Kindergarten through Fifth. They are in the Pleasant Ridge Union School District, their physical address is: 22600 Kingston Lane Grass Valley, CA 95949 Phone: 530.268.2808 continue reading…

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Upcoming Local Event in Auburn, Ca. Near Lake of the Pines ~ AUBURN CRUISE NIGHT

said on April 29th, 2013 filed under: Auburn, Fun Things to Do Outdoors, Lake of the Pines, Localism

Upcoming Local Event in Auburn, Ca. near Lake of the Pines ~ AUBURN CRUISE NIGHT. This fun event begins May 10th – September 13, 2013 from 5 p.m. – 9 p.m. the 2nd Friday of each month. Upper Lincoln Way Auburn, Ca. 95603 530-878-7936  continue reading…

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Auburn, Ca. Upcoming Local Event: Fast Fridays Speedway

said on April 26th, 2013 filed under: Auburn, Fun Things to Do Outdoors, Localism

Auburn, Ca. Upcoming Local Event: Fast Fridays Speedway begins May 10th with the Season Opener! This event runs from May – October 2013 and is located at Gold Country Fairgrounds in Auburn, Ca. continue reading…

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Combined Home Sales for Lake of the Pines, Alta Sierra, South County, Peardale/Chicago Park, Grass Valley, Colfax/Weimar, Penn Valley, Nevada City and Auburn Ca. in 2013

said on April 25th, 2013 filed under: Alta Sierra, Auburn, Grass Valley, Lake of the Pines, Localism, Market Trends, Real Estate Nuts and Bolts

Home sales for Lake of the Pines, Alta Sierra, South County, Peardale/Chicago Park, Grass Valley, Colfax/Weimar, Penn Valley, Nevada City and Auburn Ca. in 2013. As we finalize our look at our local Real Estate happenings, we have combined our areas into one one report for you. For this analysis, we’ll look at sales data from the Nevada County Association of Realtors for the first quarter of 2013. This analysis shows the “average” sold data for homes that were not short sales.

 

Number of homes sold                                       149

 

Average Days on the Market (DOM)               111

 

Median Asking Price at time of sale                          $353,931

 

Asking Price per square foot                          $161.76

 

Median  Sold Price                                             $341,819


Percent sold price to asking price                   97.35%

 

The average size of homes sold                   2,104 sq ft

 

High sold                                                          $1,650,000

 

Median sold                                                     $290,000

 

Low sold                                                            $99,000

 

 

 

This analysis of home sales for Lake of the Pines, Alta Sierra, South County, Peardale/Chicago Park, Grass Valley, Colfax/Weimar, Penn Valley, Nevada City and Auburn Ca. in 2013 covers the first quarter of 2013.

 

 

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