Coming Soon! 1673 Calabasa Drive

1673 Calabasa Drive
1673 Calabasa Drive

1673 Calabasa entry

Coming Soon and won’t last long! This home is as neat as a pin and is a great floor plan with no wasted space. This home has been extremely well-maintained as has new carpet and paint, newer A/C condensor and appliances. Just under 1500 sf, 3 bed/2bath, NO HOA and very low Mello Roos. This is truly a move-in ready home for only $365,000. Call or message me for a private showing. 916 408-2222

Open Saturday 11-2, Best price per square foot in Lincoln!

Okay, someone is going to get a great deal! I haven’t seen a price this low on a home like this in a long time. Whether you are looking for a larger home for yourself or know someone that wants to move into the area, come take a look at this beautiful home. Solar, No Mello Roos and space to spread out!

Beautiful home in Foskett Ranch
Beautiful home in Foskett Ranch

Big & Beautiful! This spacious 5 bed/4 bath home boasts an excellent, open plan & has room to spread out. Quality-built Standard Pacific home with all the right upgrades! Granite counters, gorgeous cabinets, premium plush carpet, surround sound & so much more. You’ll love the generous master suite w/huge walk-in closet, split vanities, oiled bronze fixtures & custom mirrors. The solar allows you to stay cool this summer without worrying about astronomical bills. NEW PRICE and closing cost credits for the buyer! Don’t delay, take a look today.

See additional pictures, property description and video: HERE

Do You Have What it Takes to “Fix and Flip”?

before-after1

 

In the last few years, there have been many television programs that are about investors buying residential properties, rehabbing them and then selling them for a profit. The popularity of these shows has given many people the idea that they can easily buy, rehab and sell and make a quick dollar. While many people are successful, the reality is that it isn’t quite as easy as what we have seen on TV. There are many things that a “flipper” needs to think about before getting into the game. One must not only understand the process of taking a distressed property to its’ former glory, but also understand the local real estate market trends. I have found that the successful individuals or groups have a knack for knowing the construction side as well as the real estate side of these projects.

Starting with understanding the market for your potential flip property is important. For someone that is just a beginner in this kind of project, they need to know the potential value of a property and how much they will have to budget to get it to a point where they will make a good margin. Just because the property price looks appealing doesn’t always mean it is a good flip candidate. Here are some things that need to be considered when purchasing a property for flipping:

-Location. The old adage, “Location, Location, Location” holds true with flip properties. Although you may not be able to find that “diamond in the rough” next to a country club, you still need to be aware of the surroundings. Are the surrounding homes in good repair? Is the property next to a railroad, airport or busy street? Are there other issues that may affect value due to the location? If so, you may think twice about buying. It could affect your eventual sales price and also how long you have to hold the property.

-Market trends. Are the homes in the area going up in value? Is your area more seasonal for real estate sales? Remember, the data that you may look at for “comps” is historical data usually 1-6 months old and may not be a reflection of what is really happening in the current market. Make sure you analyze the data and try to get a good feeling of where the current market for your property is going. If you see listings selling quickly and multiple offers happening, then you will probably be in a good situation depending on how long your rehab takes. Most flippers will put a sign in the property right after they start the project and will create an interest list. If you are in a seasonal area, remember that the market will slow at certain times of year and the weather may be a factor in completing your job. Take it into consideration when buying a property in the late fall.

-Property features. Some features are great selling points and others aren’t. Some features you can easily change and some features can’t be changed. Some interior walls might be able to be moved to make a better floor plan but yard size can’t be changed. Also, some changes can be very expensive and time consuming and can cut into your margin.

Understanding the construction process is extremely important as well. Estimating costs, budgeting and knowing the order in which to complete the project are aspects of the construction side that could make or break your project. Here are some things to consider:

-Inspections. Have a thorough inspection prior to closing the deal. Remember that many inspections are non-intrusive and that there may be some hidden issues. A good home inspection should see indicators of hidden issues.

-Task list. Put together a list of things that absolutely need to be done and a second list of items that can add value but don’t necessarily need to be done. Examples of things that add value and are relatively cheap are things like crown molding and wainscoting.

-Estimate costs and put together a budget. This should be done prior to closing the deal as well. You need to figure your costs so you can determine possible margin and if it is worth taking on the project. I also recommend that buyer (especially inexperienced flippers) add about 15% to their estimate and put it in the budget for unforeseen issues. Also, many buyers forget to include possible permits, taxes and their holding costs in their budget. Always overestimate costs and be very conservative on possible sales price.

-Order of work. There is an order that should be followed to make the project go smooth and have the property look ready to sell when the last touch up is done. There is not necessarily a right or wrong way, but here is a suggestion of how it should be done (after initial inspections and task list is created):

-permits

-rough outside landscaping (grass doesn’t get green in a few days unless it is sod)

-trash out and any demolition

-fix roofing and foundation issues

-exterior doors and windows

-fix/upgrade plumbing and HVAC issues

-repair/replace sheetrock, tape and texture

-paint

-replace fixtures, appliances and flooring

-finishing interior touches

-finishing exterior touches

-finishing landscape touches

 

Taking on, and successfully selling a flip property can be very rewarding but is a lot of work. Make sure you understand what you are getting into before jumping in. Surround yourself with good people you can work or consult with, including good contractors and real estate professionals. Who knows, maybe you’ll have the next “fix and flip” TV show.

Give me a call if you have more questions or need advice about real estate investments. Garth Evans, 916 408-2222

Before and after picture from daytonhomeimprovement.com

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Favorite Things Friday- Lake Tahoe

With the mercury rising here in Lincoln, sitting on a sandy shoreline and a dip in the cool water is starting to sound pretty good. Lucky for us in Lincoln, beautiful Lake Tahoe is only a quick drive up the hill. With plenty of beaches and restaurants to chose from, a day trip to Tahoe is a great way to beat the heat.

Whenever we visit Tahoe, we are sure to stop at the kid’s favorite ice cream shop. Located in Incline Village on the North Shore, Susie Scoops is a must visit for a large assortment of locally made ice creams with a delicious flavor to suit any taste. Make sure to grab one of their homemade dipped waffle cones and enjoy some sun on the patio!

From there, there are always lots of options when it comes to enjoying time by the crystal clear waters of Lake Tahoe. Kings beach is a great option, but it can fill up quickly, so be sure to stake out a spot earlier in the day. Perfect for the family looking for a little more excitement at their day at the beach, Kings beach is a hot spot to rent paddle boards or enjoy parasailing or other activities on the water.

North Tahoe beach is another option and is great because of it’s nearby lots of places to grab a quick bite before heading out and the Safeway across the street. We like to stop by and fill up the cooler before we settle in for some time on the sand.

One of my favorite beaches in Tahoe is Sand Harbor beach. The views here are some of the best in the area, and beautiful rock formations and calm water make for a breathtaking spot to kick back and relax.

After a day in the sun, our favorite restaurant to visit is Rosie’s Cafe in Tahoe City. With lots of options, this local spot for homestyle cooking is sure to have something for everyone. Nothing hits the spot quite like one of their burgers!

One of my favorite things about living in Lincoln is the proximity to so many great places. There’s no need to spend too much time in the car or hop on a plane to get away. If you’re looking to get away there are so many great options for day trips this summer- I’d recommend a visit to Lake Tahoe be one of them!

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Affordable and Move-In Ready Home!

This home is ready for you! Located on a quiet street in a nice East Lincoln neighborhood, this 3bed/2bath home has a very livable floor plan. Featuring formal living and dining areas as well as a great room concept with lots of light, this home has great flow and no wasted space. You’ll love being out in the beautiful private yard and enjoying the shade on the covered patio. This sizable lot is accentuated by mature trees and shrubs, in addition to a retaining wall, and also outfitted with auto sprinkler as well as concrete curbing. No HOA and low Mello Roos are also welcome benefits. New carpet & fresh paint make this inviting home move in ready! Don’t delay, take a look before it is gone.

Offered at $369,500, call today to request a private showing.


For more information and pictures, CLICK HERE

Big and Beautiful 5Bed/4bath Home in Foskett Ranch!

1410 El Camino Verde Drive
1410 El Camino Verde Drive

Located in the desirable Foskett Ranch community, this spacious 5 bed/4bath home boasts an excellent, open floor plan and has a full bed and bath conveniently placed on the first floor. This quality-built Standard Pacific home has tons of great upgrades and more than enough room to spread out! The baker’s kitchen has granite counter tops, oversized tile flooring, under-cabinet lighting, top-of-the line appliances, gorgeous cabinets, butler’s pantry and a faux brick backsplash. The home has premium, plush carpet, ceiling fans, abundant canned lighting and is wired for surround sound. Each bedroom is unique in size, but all are much larger than your average bedroom. Two of the bedrooms feature a Jack and Jill bath with an extended vanity and dual sinks. The generous master suite has a sitting area, coffered ceilings and an amazing master bath. The bath has split, “his and her” vanities, sunken tub, shower stall and a walk-in closet the size of a regular bedroom! It also features custom mirrors, oiled bronze fixtures and an extra linen cabinet. This energy efficient home is well-insulated and the solar system will allow you to run the ice cold A/C without worrying about astronomical utility bills. You’ll love the summer nights sitting around the firepit on the vast, natural flagstone patio. Other features include a handyman’s 3 car garage with gorilla storage racks and lots of room for your toys and projects.

Act now; call for more information and to request a private showing of this clean, move-in ready home!

FOR MORE PICTURES AND PROPERTY INFORMATION, CLICK HERE

Inexpensive Living within a gated community!

7331 Stratford Place #606
7331 Stratford Place #606

Clean & move-in ready home in the desirable, gated Ridgepoint Community! This is a very private, upstairs unit with an excellent floor plan. You’ll appreciate the finished garage with auto door & the fact that the HOA maintains the condo exterior & pays insurance. Enjoy the quiet neighborhood from your balcony nestled among the redwood trees or take a dip in the sparkling pool after some tennis on the private courts. These homes rarely come available, don’t delay & take a look before it is gone!

For pictures and property detail, CLICK HERE

Excellent 12 Bridges Location!

111 Kiwi Court

 

Move-in ready! Located on a quiet cul-de-sac in the hills of 12 Bridges, this home has an open floor plan & is loaded with upgrades. Beautiful hardwood floors, granite counters, stainless appliances, custom paint, built-ins, plantation shutters & so much more! Manicured, private yard features custom concrete, covered patio & keystone retaining walls. The handyman will like the 3 car tandem garage with cabinets. Act now, this is a rare opportunity to own a beautiful home in a great location.

Call 916 408-2222 for a private showing today!

Click HERE for more pictures and full description.

 

Nice Single Story in West Lincoln

1669 Calabasa Drive
1669 Calabasa Drive

This home is clean and has been well maintained. You’ll love the custom features; from the classy, knotty alder front door to the extremely durable, luxury flooring and the warm, neutral paint colors. This home has had recent exterior paint, new carpet and upgraded stone hearth put on the fireplace. The back yard is private and low maintenance. You’ll enjoy being in the yard and relaxing on the custom tile patio under the well-built patio cover. The handyman will love the finished 3 car garage with the epoxy flooring and the heavy-duty insulated garage door. This home has lots of other custom features including framed mirrors in the master bath, surround sound wiring and upgraded ceiling fans and light fixtures. No HOA dues and very low Mello Roos. This is a home you don’t want to miss!

 

Act now; call for more information and to request a private showing.

 

For more information and pictures, CLICK HERE

 

 

Fabulous Single Story, 5181 Monteverde Ln, Catta Verdera

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Located in the desirable, gated golf course community of Catta Verdera, this spacious, single-story home has some classy upgrades. As you walk in the front entry, you will immediately notice the gorgeous travertine flooring with tumbled accents, the large picture windows looking out to the yard and the eye-catching architectural details. The kitchen opens to the family room and includes granite countertops, GE Profile appliances, upgraded cabinets and a beautiful back-splash. Great for entertaining, this bright and open floor plan includes a spacious dining and living area. The feeling of space carries into the master bedroom with a large sitting area as well as convenient access to the back yard. The master bath includes custom glass vessel sinks, travertine surrounds at the bath and shower and closet organizers in the walk-in. You’ll enjoy the private, pool-sized yard and expansive patios and plan on spending some time barbequing at the outdoor kitchen and relaxing. The neighborhood includes paved trails that wind through the valley and make you want to get out and enjoy nature. You’ll appreciate the homeowner’s association which provides security patrol and front yard maintenance. Other functional upgrades include a central vacuum, custom ceiling fans and a fire suppression system

 

Act now; call for me to request a private showing of this clean, move-in ready home!

 

For more pictures and home information, CLICK HERE