Garth Evans

2431 Celtic Drive-No Mello Roos

I just wanted to let everyone know about a new listing I just took in Glenmoor. As I have mentioned in previous articles, I like selling homes in this West Lincoln neighborhood because they don’t have the high Mello Roos like Lincoln Crossing and other areas of Lincoln. Due to this fact, the resale value is generally higher and the numbers work better if you are an investor. This home was built in 2000, is 2624 SF, has 4 bedrooms, a large den, a loft area and formal living and dining rooms in addition to the kitchen/family great room. It also has a spacious 3 car garage and a nice yard. This is not a short sale or bank owned property. Call me if you want to see it or if you have any questions. Priced at $299,999, I think it will move quickly. For more pictures, visit the featured homes tab on the site.

So here are a couple of the listings that caught my eye as pretty good deals-one on the high end and one that could be a good investment or a starter home.

207 Corte Sendero, Lincoln, CA 95648

This home is in the highly desireable neighborhood of Catta Verdera. A custom home with amazing views of the city and golf course, a nice location on a cul-de-sac and a built-in pool, I don’t think it will last too much longer. They recently reduced the price to $830,000. This home sits on .74 of an acre, 4 beds and 4 baths, 4174 sf, built in 2006 and is richly appointed with many upgrades. The pictures they posted really don’t do it justice. If this was my listing, I would have a lot of fun with the marketing.

The other new listing is located on the East side of Lincoln and is a Ron Ward built home and I just found out it went pending…That was quick! Homes that are priced well really move quick in this market. FYI, it was listed at $155,000, 3 bed 2 bath, about 1350 sf and had new flooring, A/C … More like this one will be coming, let me know what you are looking for.

I frequently have buyers getting excited about the prices on large homes in Lincoln Crossing. Many of them are coming in at under $100 per square foot. Then I bring up the fact that there are high mello roos in that area. Most homes are at a minimum of $250 a month and I have even seen some up in the $400 a month range. Add this with your $115 a month Homeowner’s Association Dues and you can be looking at an extra $400 or so a month added onto your payment. For example, I have some buyers looking at 2 very similar homes, one in LC and one in the Glenmoor subdivision (no mello roos at all). The LC home is priced at $275,000 and the Glenmoor home is at $300,000. Even though the price is $25,000 more, the monthly payment for the Glenmoor home is about $100 less a month. Make sure you have someone working for you who knows about the mello roos and can give you exact numbers so you can make an educated decision. There are good deals in Lincoln Crossing, but take all the factors into consideration.