Archive for May, 2010

What You Can Rent in the Bay Area for $2,000

May 26, 2010

The San Francisco Chronicle lately ran a small feature on one of our rental listings in the East Bay, showing all that you can get for $2.000 (or less) a month:

466 Crescent St., Unit #126 | Oakland, CA

$1,995

Beds: 3 Baths: 2

 

This remodeled unit has new finishes, including a kitchen with stainless-steel appliances, granite countertops and a tiled floor. It’s connected to a dining area. There’s also new paint and carpet, dual-paned windows, an office and a private patio. It comes with garage parking for one car. The building, which has its own swimming pool, is blocks from the Grand Lake shopping district and a block from access to Interstate 580.

Leasing agent: Brad Watson, Caldecott Properties, Oakland, (510) 594-2400 x231, bwatson@caldecott.com

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=%2Fc%2Fa%2F2010%2F05%2F23%2FRERE1DDL05.DTL#ixzz0p3gR3tC1

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Are there any foreclosed, bank-owned, REO or potential short sale properties in the East Bay cities Lafayette, Moraga or Orinda (Lamorinda)? If so, what type of discount are they selling for?

May 12, 2010

Yes, there are distressed properties in Lafayette, Moraga and Orinda, just not many compared to other cities in Alameda and Contra Costa that were hit significantly harder by the market downturn.

From January 1, 2010 to May 7, 2010, there were 28 distressed sales in Lamorinda accounting for 17.7% of total sales in these cities.  In addition, there were another 26 sales pending as of May 7, 2010.  Of these 28 sales, 10 were short sales, and 18 were REO’s.  These properties were listed for an average of $669,949 ($306/square foot) and sold for an average of $642,402 ($295/square foot) – a 4.1% average discount on the list price.

During the same period of January 1, 2010 to May 7, 2010, there were 130 non-distressed sales (re-sales and new construction) that were listed for an average of $1,017,907 ($427/square foot) and sold for an average of $966,636 ($409/square foot) – a 5.0% discount on the list price. 

Based on this data, distressed properties are selling for an average discount of 30.7% versus non-distressed real estate sales.

For more information about this market, or to sign up for a free-list of distressed sales in Lafayette, Moraga, Orinda or other Contra Costa or Alameda County cities, please contact Andy Read, Broker, at 510.594.2400 x 222 or aread@Caldecott.com.

Foreclosure Cancellations Continue to Climb

May 12, 2010

Short sales and loan modifications are not the only explanation

Discovery Bay, CA, May 11, 2010 ~ ForeclosureRadar (www.foreclosureradar.com), the only website that tracks every California foreclosure and provides daily auction updates, issued its monthly California Foreclosure Report for April 2010. Foreclosure filings were down in April for the first time since the beginning of the year. Despite the decline in filings, the inventory of properties in preforeclosure or scheduled for sale only dipped slightly as the drop in filings were offset by an increase in the time to foreclose. Cancellations continue to climb, up more than 32 percent from the beginning of the year. The number of properties sold to 3rd parties also continues to climb, helped again this month by slightly better discounts.
 
“The steady rise in cancellations leads us to believe that loan modifications and short sales are gaining traction” says Sean O’Toole, Founder and CEO of ForeclosureRadar.com. “I’d caution, however, that cancellations also occur due to filing errors and extended postponements, which require the Notice of Trustee Sale to be re-filed. In fact, 14.6 percent of new Notice of Trustee filings in April were on previously cancelled foreclosures.”
 
Click here for the full April 2010 Foreclosure Report.
 
 

 

Top 25 Largest Residential Brokerages in the East Bay

May 10, 2010

When Caldecott Properties first opened in 2005, one of the goals was to be one of the most successful residential brokerages in the East Bay. We have just cracked the San Francisco Business Times’ list for Largest Residential Real Estate Firms in the East Bay! Thank you to all our of our loyal clients and friends for helping make us a success ~ here’s to climbing higher in 2010!

See The List here: http://www.Caldecott.com/Largest_RE_Firms_in_East_Bay_5-7-10.pdf

Lovely Rockridge Craftsman on Huge Park-Like Lot!

May 4, 2010

5735 Hermann Street | Oakland

 

3 bedrooms / 2.5 bathrooms / 1,594SF / $1,095,000

Stately Craftsman nestled on a double park-like lot. All of the Craftsman details you love like hardwood floors, gumwood trim, high ceilings, original light fixtures, large formal rooms and eat-in kitchen. Downstairs is a large second unit with a 2 large bedrooms and 1 small one, a full bath, laundry and an open living room/kitchen combo that opens onto the lovely gardens. Outdoor spaces are generous with paved areas for play, parking and eating. The level park-like yard has a playhouse and an artist’s studio. Mature redwoods and huge grassy lawn complete this outdoor paradise.

-Double park-like lot
-Separate artist’s retreat
-Hardwood floors
-Attached garage
-Gumwood trim & high ceilings
-Brick fireplace

For more information on this listing, click here or contact:

Derek Wagley, Broker Associate
 925.451.6679
dwagley@caldecott.com

Michelle Vasey, Co-Owner
510.594.2400 x223
mvasey@Caldecott.com

Completely Remodeled 2-Story Oakland Townhome For Sale

May 4, 2010

1832 Bridge Ave | Oakland

3 bedrooms / 2.5 bathrooms / 1,200sf / $350,000

Completely remodeled two-story townhome with gated entry. Many modern interior details, such as stainless steel appliances, tiled baths, attached 1-car garages & large outdoor space. Great floor plan for extended family.

-Completely remodeled townhouse
-New kitchen and bathrooms
-Stainless steel appliances
-Secure gated entry
-Attached 1-car garage
-Large outdoor space

For more information on this listing, click here or contact:

Michelle Vasey, Co-Owner
510.594.2400 x223
mvasey@Caldecott.com

Joshua Silverman, Realtor®
510.867.1637
jsilverman@Caldecott.com

“Privacy, Harmony and Simplicity” describe this historic Piedmont listing

May 4, 2010

65 Wildwood Gardens | Piedmont

View Lot with Historic Cottage / $985,000

In 1908, Frank C. Havens acquired a 7.5 acre oak-covered parcel of land, located south of Highland Avenue in Piedmont. The famed architect, Bernard Maybeck, was hired to design a house that would reflect Frank and Lila Havens’ deep interest in Oriental arts and philosophies… Lila named the estate Wildwood Gardens in reverence to the numerous live-oak trees on the land, and in anticipation, to the landscaping projects she was planning for the sides of the canyon. In 1918, the original property, with its expansive views and mature oaks, began being divided to create one of the most exclusive communities in the Bay Area.

Today, the local folklore believes the Havens stables hide on this secluded piece of land at 65 Wildwood Gardens. One can easily imagine back 100 years or so, a horse-drawn carriage winding its way up the road through the canyon… Once the passengers had disembarked, the carriage unhitched and stowed away, the horses would return here, to their peaceful stables under the oaks, overlooking Oakland and the Bay, with San Francisco on the horizon beyond.

Over the years, the quiet serenity and intimate framed view made this spot a treasured place. The stables were converted into a clubhouse for barbeques, and eventually were expanded into a charming cottage. Still, the trees, the view, and the bucolic legacy of contented horses remain, making this property a unique and even magical place in the midst of one of the Bay Area’s most coveted neighborhoods.

The cottage feels like a tree house, a bird observatory in a lush garden. The antique Spanish tiles, the original door latches and the patina of the old floorboards exude a sense of history. New work in an old house should abide by the original text… but one can also imagine taking advantage of the perfect orientation of the site, to harvest sun and rainwater along the slope, and create a 21st century green home that preserves the indigenous trees and relays this peaceful simplicity to the next generation. The kids will walk to one of our state’s best public schools and downtown San Francisco will always be at a stone’s throw…

Click here for more photos of this unique property!

If you wish to see the property, call Christophe Rat directly at 415.283.8894 (or chris@caldecott.com) to set an appointment.