Archive for January, 2011

Oakland Real Estate Quiz

January 21, 2011

Questions:

  1. What % of Oakland sales in 2010 were “distressed” (short sales and bank owned)?
     
  2. What % of Oakland properties listed for sale in 2010 were withdrawn, cancelled or expired (versus sold)?
     
  3. What was the average sales price of an Oakland house in 2006?
     
  4. What was the average sales price of an Oakland house in 2010?
     
  5. In which area have property values fared the best since 2006?a. Rockridge, Oakland (94618)
    b. Piedmont
    c. Lafayette
    d. Temescal, Oakland (94609)
    e. Berkeley
     f. Alameda

Answers:

  1. 51% of Oakland sales were distressed (1629 of 3211 sales)
     
  2. 43% of Oakland properties were expired, cancelled or withdrawn (2431 of 5642 listings)
     
  3. The average sales price of a single family home in Oakland in 2006 was $632,000.
     
  4. The average sales price of a single family home in Oakland in 2010 was $356,000.  This represents a decline in value of 44%, or an average of 11% per year.
  5. Area                       2006              2010                   % Change
    Rockridge           $982,000        $882,000          -10.2%
    Piedmont            $1,685,000     $1,406,000     -16.5%
    Lafayette             $1,285,000     $1,057,000     -17.8%
    Temescal             $550,000         $429,000         -22.0%
    Berkeley               $799,000         $728,000        -8.9%
    Alameda               $683,000         $565,000        -17.3%

For more information:

Andy Read
Broker
aread@caldecott.com
510.594.2400 x222

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Real Estate Report: More than just basketball in the basement, $32M

January 20, 2011

Pacific Heights is full of grand mansions- this is probably the only one with an indoor sports court with French doors to a terrace. No word on whether it has an electronic scoreboard. All this, plus bullet-proof windows, can be yours for $32M.

The Basics: Seven bedrooms, seven full bathrooms, four half-baths, plus two family rooms, two offices, two kitchens, three rooftop terraces, an elevator, and side-by-side garage parking for two cars. And yes, bullet-proof windows.

Not So Basic: Where once was a mere basement, there’s now a a basketball/sport court. Actually, much more than that. The original 1910 house was rebuilt inside and out, or as the realtor puts it “re-scripted” in 2002. Along with new interiors, an entire new level was added over the roof to accommodate the owner’s offices and casual entertaining spaces (with that second kitchen) with terraces.

With new systems (electronic, audio/video, plumbing, security) it’s basically a new house on a choice lot, and one’s that’s been well-thought through. Some houses have grand entrances but the owners still have to come in from the driveway or garage. This house has a grand entrance on the main level, but below, the everyday entrance from the parking court, and the adjoining hall that connects the entry and garage to the stairs and elevator:

Below: “her” bath, plus the entrance to the master bedroom, which was once a library. Note the Mariano Fortuny hanging light fixture and sconces.

All together, a swell house. And seriously, there’s much more at the realtor’s dedicated site (click on the link below) including floor plans and complete specifications. The penthouse is the size of many suburban ranch houses, just with better views. Probably one of the best online presentations ever, and totally persuasive. For once, a $32M house that’s actually worth it.

Listing: 2701 Broadway, San Francisco  [Neal Ward]

To see the original California Home + Design article, click here.

Biggest Metros With the Best Long-Term Real Estate

January 20, 2011

Best Performers

For many U.S. residents burned by the housing bust, the notion that real estate can not only tread water but actually increase in value might seem a fairy tale. It’s not. A Businessweek.com analysis of home sales data from the National Association of Realtors shows that in 18 of the nation’s 25 biggest metro areas, home prices grew in value between 1990 and 2010. In one area the change in real dollar price was as much as 85 percent, a return applying only to those who bought homes as a long-term investment, not for easy money flipping real estate. Seven of these metros lost value—generally the result of overbuilding during the real estate boom. Despite recent housing woes, real estate remains one of the best investments the average American can make. And unlike a stock certificate, it provides a place to live.

1. Portland-Vancouver-Beaverton, Ore.-Wash.

990 Price: $130,590 ($78,200 in 1990 dollars)
2010 Price: $242,100
Change in Real Dollars: +85.4 percent
Population: 2,241,841
Year Home Prices Peaked: 2007

Notwithstanding recent declines, Portland area home prices (adjusted for inflation) remain significantly higher than 1990 levels. The median price rose quickly from 2004 through 2007, peaked at about $311,000 (in 2010 dollars) in 2007, and has since dropped by about 22 percent. Moody’s Economy.com and Fiserv predict prices will reach their trough in fourth-quarter 2011.

2. Baltimore-Towson, Md.
 
1990 Price: $152,300 ($91,200 in 1990 dollars)
2010 Price: $257,100
Change in Real Dollars: +68.8 percent
Population: 2,690,886
Year Home Prices Peaked: 2007

From 2000 through 2005, Baltimore area home prices skyrocketed. The growth rate in nominal prices increased from 3.4 percent year-on-year in 2001 to 20.6 percent in 2004 and 22.3 percent in 2005, according to price data from the National Association of Realtors. In 2007, the median home price peaked at $301,412 (in 2010 dollars). Since then, prices have fallen about 14.7 percent. While well above 1990 levels, prices are expected to continue falling and should bottom in third-quarter 2011, predict Fiserv and Moody’s Economy.com.

3. Denver-Aurora-Broomfield, Colo.
 
1990 Price: $144,290 ($86,400 in 1990 dollars)
2010 Price: $238,500
Change in Real Dollars: +65.3 percent
Population: 2,552,195
Year Home Prices Peaked: 2006

Metro Denver housing prices grew fastest from 1999 through 2001, when nominal prices increased at double-digit rates, according to a report by the Metro Denver Economic Development Corp., a regional economic development group. Since reaching a peak in 2006 at $270,340 (in 2010 dollars), the median home price has fallen nearly 11.8 percent in real terms. Moody’s Economy.com and Fiserv expect prices in Denver to reach a trough in third-quarter 2011.

4. Seattle-Tacoma-Bellevue, Wash.
 
1990 Price: $204,240 ($122,300 in 1990 dollars)
2010 Price: $308,200
Change in Real Dollars: +50.9 percent
Population: 3,407,848
Year Home Prices Peaked: 2007

Home prices in Seattle have grown significantly over the last 20 years. The metro area’s housing market exploded in the late 1990s as the population grew. Nominal price increases slowed in 2002 and 2003, but jumped to 19 percent in 2004, 11 percent in 2005, and 14 percent in 2006, show NAR data. Prices peaked in 2007 at $407,607 (in 2010 dollars). Adjusted for inflation, prices are now about 24.4 percent below that level.

5. New York-Northern New Jersey-Long Island, N.Y.-N.J.-Pa.
 
1990 Price: $285,070 ($170,700 in 1990 dollars)
2010 Price: $404,100
Change in Real Dollars: +41.8 percent
Population: 19,069,796
Year Home Prices Peaked: 2007

Inflation-adjusted home prices in metro New York were stable through most of the 1990s and started rising rapidly in the early 2000s. The median sale price peaked in 2007 at $494,840 (in 2010 dollars)—about 73.6 percent above 1990 levels in real terms—and has since dropped by about 18.3 percent. Fiserv and Moody’s Economy.com expect prices in the area to bottom in 2011.

6. Miami-Fort Lauderdale-Pompano Beach, Fla.
 
1990 Price: $152,140 ($91,100 in 1990 dollars)
2010 Price: $214,800
Change in Real Dollars: +41.2 percent
Population: 5,547,051
Year Home Prices Peaked: 2006

Metro Miami home sale prices soared for years, growing by 164.4 percent from 1990 through 2006 in real dollars. In recent years, however, nominal prices dropped quickly, coming down 22 percent year-on-year in 2008 and 25.9 percent in 2009. In third-quarter 2010, Miami had the country’s seventh-highest metro foreclosure rate, at 2.42, according to RealtyTrac. Fiserv and Moody’s Economy.com do not expect the Miami market to reach its trough until 2012.

7. Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va.
 
1990 Price: $246,160 ($147,400 in 1990 dollars)
2010 Price: $338,600
Change in Real Dollars: +37.6 percent
Population: 5,476,241
Year Home Prices Peaked: 2006

Washington area home sale prices grew by nearly 90 percent in real terms between 1990 and 2006, when they peaked at $467,000 (in 2010 dollars). They have since fallen 27.5 percent and Fiserv and Moody’s Economy.com expect continued decreases in 2011. Still, the area remains one of the country’s strongest metro economies because government staffing demand keeps unemployment low.

8. Boston-Cambridge-Quincy, Mass.-N.H.

1990 Price: $267,030 ($159,900 in 1990 dollars)
2010 Price: $366,500
Change in Real Dollars: +37.2 percent
Population: 4,588,680
Year Home Prices Peaked: 2005

“Metro Boston’s housing market was affected by the real estate bubble earlier—and less severely— than other metro areas around the country” and sale price declines have brought homes to historic affordability levels, according to a 2009 paper by the Concord Group, a real estate consultancy. Prices peaked in 2005 at $462,160 (in 2010 dollars) and have since dropped a total of 20.7 percent. Despite the fall, home sale prices have still increased in real dollars over the last 20 years.

9. San Francisco-Oakland-Fremont, Calif.
 
1990 Price: $433,030 ($259,300 in 1990 dollars)
2010 Price: $588,900
Change in Real Dollars: +36 percent
Population: 4,317,853
Year Home Prices Peaked: 2007

San Francisco housing prices rose in the 1990s during the tech boom. In the past decade, the fastest growth occurred in 2004 and 2005, when nominal prices increased by 15 percent and 11.5 percent, respectively. In 2007, prices peaked at $847,873 (in 2010 dollars). While prices are now 30.5 percent below peak, they remain well above 1990 rates and have been increasing recently. In third-quarter 2010, the nominal median sale price was up 9.4 percent year-on-year, according to data from the NAR.

10. Houston-Sugar Land-Baytown, Tex.
 
1990 Price: $118,070 ($70,700 in 1990 dollars)
2010 Price: $158,900
Change in Real Dollars: +34.6 percent
Population: 5,867,489
Year Home Prices Peaked: 2007

While home prices shot up and then plunged over the last decade in most parts of the country, the Houston market has been stable: The greatest fluctuation in the last decade was an 8.5 percent year-on-year nominal price increase in 2002. A recent survey by the Brookings Institution and the London School of Economics and Political Science ranks Houston fifteenth among U.S. metros for recovery from the recession, reported the Houston Chronicle.

Antoine E. Pirson, MBA, CCRM, CCIM (candidate)
R.E. Broker and Investment Advisor
Caldecott Properties
apirson@caldecott.com
5251 Broadway, Oakland, CA 94618
Office: (510) 594 2400 x 234
www.investmentpropertyfirst.com
Fax: (510) 594 2424
Lic Nr: 01372814

13th Annual California Independent Film Festival to Open With “The 5th Quarter”

January 19, 2011

Q&A with director Rick Bieber and actor Ryan Merriman precedes screening

 

Moraga, CA, Jan 13th, 2011 – The 13th Annual California Independent Film Festival will kick off with the award winning film “The 5th Quarter”.

The seven-day festival is launched on Friday January 28th with an Opening Night Celebration presented by Lamorinda. The evening’s festivities begin at 5:00 PM at a VIP Reception with celebrity guests at the New Rheem Theatre, 350 Park Street, Moraga.

Ryan Merriman will be attending the screening of "The 5th Quarter"

Ryan Merriman will be attending the screening of “The 5th Quarter”Following the reception and beginning at 6:30 PM will be the opening night movie, “The 5th Quarter” which received rave reviews at other film festivals around the country, including Boston Film Festival, Heartland Film Festival and Charleston International Film Festival.  “The 5th Quarter” is based on a true story. After his brother Luke was tragically killed in a car crash, Jon Abbate (Ryan Merriman) is driven to lead the Wake Forest Demon Deacons to their most successful football season in the school’s history. Wearing his brother’s number on his jersey, he accomplishes that, and establishes traditions along the way. The film starring Aidan Quinn, Andie McDowell, Jillian Batherson and Ryan Merriman (scheduled to attend). The film’s director, Rick Bieber, is also scheduled to attend the event.

The Question & Answer with the film’s director, Rick Bieber, and actor Ryan Merriman will precede the movie.Tickets for the VIP reception, Q&A and screening are $25.  Purchase your tickets today at the New Rheem Theatre Box Office or at the festival’s website .( www.caiff.org)

About the California Independent Film Festival

The 13th Annual California Independent Film Festival runs January 28th – February 3rd 2011 at the New Rheem Theatre. Purchase your tickets today online at http://www.caiff.org/, or at the New Rheem Theatre Box Office at 350 Park Street, Moraga. For festival’s information call 925-388-0752 or e-mail info@caiff.org .

The 13th Annual California Independent Film Festival (January 28th – February 3rd 2011) is presented by the California Independent Film Festival Association, a nonprofit arts and educational organization dedicated to furthering the art of independent filmmaking. www.caiff.org

2011 sponsors include the Winchell Family, Murdy Foundation/David Trotter, Diablo Magazine, Walnut Creek Marriott, CouldB Music, Senior Solutions, New Rheem Theatre, Lamorinda Weekly, and Lamorinda Wine Growers Association.

Opening Night is sponsored by Lamorinda Weekly.

Caldecott Welcomes New Agents Shalene Rose and Nina Chalmers

January 18, 2011

It is our pleasure to welcome 2 new agents to Caldecott Properties: Shalene Rose and Nina Chalmers!

Shalene began her real estate career with Wells and Bennett Realtors, where she was among the top ten agents in 2008, 2009 and 2010. She grew up in Santa Cruz and graduated with a degree in Ecology/Biology from San Francisco State University. Shalene has lived in the East Bay since 2000 and currently lives in the Grand Lake neighborhood of Oakland with her son Keaton, dog Fibi, and husband Cortt Dunlap, owner of Awaken Café, a green espresso bar and art gallery in the heart of downtown Oakland.

Committed to ecologically and socially responsible business, Shalene donates a portion of every sale to the Bay Institute, a local environmental organization working to protect and restore our bay.

Shalene can be reached on her cell phone at 510.381.3117, email shalene@caldecott.com, or visit her website www.shalenerose.com.

Nina is an award winning, top producing Realtor that draws on her 15 years of experience that includes residential sales, project management and relocation consulting most recently with Coldwell Banker in Orinda, CA. While working as a Relocation Consultant, she was instrumental in effecting numerous successful transfers throughout the U.S. for employees of Fortune 500 companies: AT&T, International Paper, Ross Stores, CIT Financial Services, Macromedia, Exxon, State Farm, Northrop Grumman, US Secret Service and Sempra Energy

Nina holds a Bachelor of Science degree from Columbia University where she majored in History and English. Prior to entering the real estate business, she taught high school English. Nina has been a volunteer for Children’s Hospital, the Assistance League, and ARF\Animal Rescue Foundation and is an active member of American Association for University Women. In addition, she is board member and Chairman of the Architect Committee for her Homeowners Association. Nina is an active tennis enthusiast who has translated her drive for winning on the court into being a winning Realtor.

Nina can be reached on her cell phone at 925.253.8939 or email nina@caldecott.com.

For Shalene’s agent page, click here.

For Nina’s agent page, click here.

Welcome to the Caldecott Family, Shalene and Nina!

Tired of Managing Your Own Leased Residential Property? Keep Reading…

January 15, 2011

The New Year is a great time to step back and take a look at how things are going and make some decisions for going forward. In the real estate and property management world, it is especially true in my opinion. And when it comes to managing ones own residential rental properties, I speak from personal experience. Having owned a large Oakland Hills home for eleven years that has been leased for a number of years, I was tired of managing my own property. There was always something to be tended to and it was a chore. I felt guilty feeling that way. Plus given my profession, it was about “the shoemaker’s son who had no shoes” or so it seemed. I had to make myself do it.

Funny thing though – I enjoy working on other owners’ properties. I feel an immense sense of accomplish as delivering timely, professional, quality service. I enjoy the interactions with tenants, landlords, and service providers. It is a business custom made for me as a former executive in customer service consulting.

Our focus is clear: find out what landlords want and need to feel to make owning their properties satisfying. At Caldecott, we specialize in giving landlords the support they need and often don’t get. I call it peace of mind. From market assessment to coordinating the leasing process to building and maintaining healthy, positive tenant relations, to responsible, quality maintenance of the property and its subsequent enhanced market value in the longer term, we provide second to none service. That means communicating to parties in an honest and transparent way. Sure, weve had our moments and we own up to them. Its the right thing to do.

So, are you tired of managing your own properties yet? If you have a condo, loft and single family home in the Oakland/Piedmont/Berkeley corridor of the East Bay, check us out to kick start the conversation that you keep having with yourself every year. This year can be different.

Click here for more information about Caldecott’s Property Management.

Ron Reece, Realtor, CCRM, SRES
Director, Property Management Services
Caldecott Properties
5251 Broadway, Oakland, CA 94618
m 510.388.3238, o 510.594.2400 x226, f 510.594.2424
www.Caldecott.com
DRE#01400331

Renaissance at the New Rheem Theatre: The 2011 California Independent Film Festival Comes to the Town of Moraga, CA

January 12, 2011

Moraga, CA (Jan 6th, 2011) – Renaissance is once again celebrated at the New Rheem Theatre in Moraga, California. The 13th Annual California Independent Film Festival (CAIFF) takes center stage this month at its new home in the art deco style New Rheem Theatre. From Jan 28th – Feb 3rd, 2011, over 65 films from around the world are scheduled to be screened in one of Northern California’s premier film festivals.

The seven-day festival begins with an opening night reception on Jan 28th followed by the screening of a film, “The 5th Quarter”– inspired by a special bond between brothers and their love for football, and with a poignant mission. Driven by the tragic death of his younger brother, Jon Abbate helped lead the Wake Forest Demon Deacons to their most successful season in school history in 2006, including an appearance in the Orange Bowl in January 2007. It stars Aidan Quinn, Andie McDowell, Jillian Batherson and Ryan Merriman. This is a red carpet event, with Ryan Merriman (“Home of the Giants”, “Final Destination 3”), and film’s director Richard Bieber in attendance.

The next featured film for the evening is “Fanny, Annie & Danny”, which is comedic, and will make everyone laugh, loathe, and cry. It is a captivating funny tale of family dysfunction. The film’s San Francisco-based writer/director, Chris Brown, who has won raving reviews as a filmmaker, will also be in attendance.

 The opening night screening also offers an opportunity for avid moviegoers to participate in a question and answer session with the casts of each film.

On Saturday, Jan 29th, the festival begins screening a rich and diverse program of films from around the world. CAIFF will also host the Iron Filmmaker Contest, an integral part of the festival for the past eight years. This competition challenges novice and seasoned filmmakers to create a three-minute film within 24 hours, incorporating a secret ingredient into the screenplay. The first 20 entries will be screened on the same day at the New Rheem Theatre.

In terms of feature films, the festival will screen “Language of A Broken Heart” – about a bestselling, neurotic love novelist who re-tells the story of his failed relationships and all the women that left him, only to return home to the one person he ever left, his mother. At home, he meets a quirky antiquarian bookseller who shows him what love really means. It is a charmingly funny account of love, hate, and everything in between.

The festival also presents another feature film, “The Yankles” – about Charlie Jones, a professional baseball player who was released from the Los Angeles Spirits because of a drinking problem. Upon being paroled from prison after serving time for his third drunk driving conviction, Charlie endeavors to serve 192 hours mandatory community service by coaching baseball. To Charlie’s dismay, however, he is shunned by mainstream society because of the controversy surrounding his early parole and prior convictions. Charlie soon discovers that the only people willing to give him a second chance are a group of Jewish, orthodox, yeshiva students who formed an upstart baseball team called The Yankles.

A feature film from Tokyo, Japan, “Cast Me If You Can”, will also be screened. It is about a perpetual supporting actor, living in the shadow of his famous playwright father, gets his break when cast in a Woody Allen remake, but a chance encounter with his muse turns his world upside down. Definitely, it is a sweet, subtle romantic comedy for all generations.

Two popular seminars are also being offered to the general public. One of which is “What Makes A Great Short Film” with guest speaker, Jana Sue Memel, who has produced and won academy award winning films. The other one is “How To Get Music in Film and Television” with guest speakers Senior MTV Vice President, Ken Parks, and Music Supervisor, Matt Kierscht.

Among the highlights of Saturday’s events will be a special appearance by the Golden Globe Award Nominee, Lou Diamond Phillips, star of the famous films, “La Bamba” and “Stand and Deliver”. For festival attendees looking for more opportunity to schmooze with Mr. Phillips on Saturday evening, CAIFF has also organized the M3 Party (Meet, Mix, & Mingle Party). People can enjoy and savor filmic conversations with filmmakers and celebrities from around the globe.

On Sunday, Jan 30th, the highlights include the “Academy Awards of the Bay Area” – the 2011 CAIFF Gala & Slate Awards held this year at the Marriott Hotel in Walnut Creek, CA. This year’s film festival honors Academy Award recipient Shirley Jones (“Elmer Gantry”, “The Partridge Family”) with its 2011 CAIFF Slate Award for Lifetime Achievement, Actor Lou Diamond Phillips (“Stand and Deliver”) with its Maverick Award, and actress Lea Thompson (“Back to the Future”) with its Diamond Award. There will also be presentations of CAIFF Slates to the winners of various categories ranging from Best Animated Short to Best Picture.

Sunday’s events also include a special screening of the film, “Oklahoma” at the New Rheem Theatre. Its star, Oscar winner Shirley Jones, will be on hand to do a question and answer with the audience after the movie presentation.

Another moving film from Barcelona, Spain, “The Frost,” will also be screened. It portrays an agony manifested by destruction and guilt. The accidental death of their only son, Rita and Alfred feel such remorse that they engage in a fierce fight of mutual destruction. Guilt confronts them with a painful recognition: obsessed by their selfish little needs, they forgot to love their son. As truth is revealed, all their inner demons are unleashed. They haunt and prick them on a road to hope or to damnation, whilst they desperately try to make amends for all those things they left undone in the past. The festival continues to screen more films from the Bay Area and beyond in the next three days (Jan 31st –Feb 2nd, 2011). On Thursday, Feb 3rd, 2011, the week-long festival culminates with a closing night reception and a special feature presentation of “Mayor Cupcake”. The star of the film, Lea Thompson, will be in attendance to do a question and answer with the audience after the movie presentation.

To learn more about the California Independent Film Festival and to purchase tickets, visit the festival’s website (www.caiff.org) or the New Rheem Theatre Box Office at 350 Park St., Moraga, CA. (www.thenewrheemtheatre.com).

For enquiries, call 925.388.0752 or e-mail info@caiff.org.

Remarks:

“A filmic conversation is universal and transcends cultural barriers. It depicts a language that is spoken by all. This is the core of the California Independent Film Festival’s commitment to inspire, to educate, and to entertain film lovers from around the world.” – Beau Behan, Festival Program & Promotion Director.

About the California Independent Film Festival:
The 13th Annual California Independent International Film Festival (Jan 28th- Feb 3rd, 2011) is presented by the California Independent Film Festival Association, a nonprofit arts and educational organization dedicated to furthering the art of independent filmmakers.

Sponsors:
2011 sponsors include the Winchell Family, Murdy Foundation/David Trotter, Diablo Magazine, Walnut Creek Marriott, CouldB Music, Senior Solutions, La Morinda Weekly, Caldecott Properties and the New Rheem Theatre.

How do you think the Housing Market will look in 2011?

January 5, 2011

Monthly Investment Meet-Up Meeting with Antoine Pirson Tomorrow Night 7-9pm

January 4, 2011

Where will the Housing Market go in 2011?

Tomorrow evening (January 4th, 2011)  from 7 – 9 pm, Antoine Pirson (our Director of Investment Properties) will hold his regular monthly investment meet-up meeting at our Oakland office (5251 Broadway, Oakland, CA 94618 – the corner of Broadway and College Avenue)

This month, he will cover the following topics:

  1. What is the economical forecast for 2011? (Attendance participation encouraged)

  2. What is happening to lending, and underwriting requirements (A mortgage broker will be in attendance to answer these questions)

  3. Housing Rebound: Bull or Bear?

  4. Sales trend from December 2010

  5. What is inflation and how does it affect real estate?

  6. Who is buying NOW? And why?

Anyone who would like to join in the discussion is welcome to come and hear what Antoine and others have to say about the housing outlook for 2011.

Hope to see you there tomorrow night!

Antoine E. Pirson
MBA, CCRM, CCIM (candidate)
R.E. Broker and Investment Advisor
Lic #01372814

apirson@caldecott.com
Office: 510.594.2400 x 234
www.investmentpropertyfirst.com

Back on the Market! Completely Remodeled Mid-Century Modern House in Leona Heights

January 3, 2011

4211 Knoll Avenue | Oakland

offered at $595,000

Completely remodeled mid-century modern house on a quiet dead-end lane in Leona Heights (Redwood Heights School District). This charming street, just a block from the rambling, dog-friendly Leona Heights Park, feel miles removed from bustling city living, but is just 3 miles from Montclair Village.

The house was designed with modern living in mind – everything feels open, but there is great separation of space. The house features a large open living /dining area with designer lighting, a custom chef’s eat-in kitchen with stainless gas range, Carrera marble counters & custom whisper shut cabinetry, refinished hardwood floors, gracious master suite with huge dual headed shower, family room with balcony, fenced yard with lawn, new roof, new systems, and a 2-car attached garage.

Sometimes its the small things that make a big difference. If you agree, you’ll appreciate some of the finising touches like the handcrafted mailbox made in Seattle from Brazillain hardwood, the handcrafted cabinets made by an Oakland carpenter, and the unique light fixtures.

The following improvements were made by Seller:

– New front porch & footings

– Refinished original hardwood floors

– New kitchen with marble counters, breakfast bar, breakfast nook, custom “whisper shut” cabinets, new stainless appliances with gas range, fridge, dishwasher and garbage disposal & light fixtures

– New dual pane windows

– New roof, sheating, gutters and downspouts

– New sewer lateral

– Installed french drain at front of house

– New interior/exterior paint

– New roof

– 3 new tiled bathrooms

– Master bath with dual shower heads, dual vanity and custom glass shower enclosure

– New hardware throughout

– Opened living room, removed chimney, open stairwell to create modern living space and added recessed lighting

– New furnace and thermostat

– New water heater

– Updated electrical service

– 40 new linear feet of foundation at front and side of house

– New garage door and motor

– New landscaping including rear fence

– New deck off family room

– New carpet in family room and downstairs bedroom

– New landscaping with irrigation

– Clear termite report forthcoming

– New fencing in back and side of house

– Leveled basement area to create storage room

– New light fixtures throughout

For more information/photos, click here, or contact:
 
Mario M. Feusier
Broker Associate
925.212.4514
mario@Caldecott.com

Andy Read
Broker
510.594.2400 x222
aread@Caldecott.com