Paso Robles Area Real Estate

18 Acre Parcel Only $175,000

18+/- Acres with a potential hilltop view site that features 360 degree views of the surrounding countryside. Distant views of the Santa Lucia and Gabilan Mountain Ranges, Mission San Miguel and vineyards. Electrical service appears to be about 600 feet to the west. Open usable land suitable for many uses, but steep in places. Grana Place has only a dirt surface and will have to be gravel based in order to obtain a building permit. No well, so discuss procedures and associated fees for building and well installation with County.

Asking $175,000.  Call Wade or Alicia for a tour!

 

http://app.terrastridepro.com/property/6566/map?referer=iframe#ghyb,35.740941,-120.715631,17z

Catching up

This week has been a busy one.  We have three price reductions to tell you about.

First is the custom built West Paso Robles home with amazing views of the City of Paso Robles and beyond, conveniently near Downtown.  The home is almost 3600 square feet 3 bedrooms, 3.5 bathrooms with a pool, office/4th bedroom and to many custom features to list in one blog post.  The new price is $999,000.

http://pasoregal.com/properties-for-sale/custom-home-on-2-acres-in-west-paso-robles/

Second- We have two lots in West Templeton, each are approximately 1/4 of an acre.  With the limited inventory available in West Templeton, why not build?  Water and sewer units are already paid for. $199,000 per lot.

http://pasoregal.com/conveniently-located-lots-in-templeton/

Let’s not forget Homes for Heroes!  If you are thinking about buying or selling and are in one of the qualifying industries (Law Enforcement, Fire Fighter, EMT, Medical, Education) we can save you 25% on the sale or purchase of your home.   My last Hero family saved $3,000!   This is a national program, check it out at www.Homesforheroes.com!

What a day

Wow, what a day.  4 new listings hit the market today.  If you are looking for property on the central coast, check out my “properties for sale” page at www.PasoREGal.com and see what is new! I am still trying to find the time to input properties on my Sold page.. so no judging!

Blogging has been put on the back burner the past few months.  Just before Thanksgiving I had a beautiful baby girl.  Did I take time off? No.  Business has been to busy to do that.

I have been trying to find some time to promote the Homes for Heroes work.  A local lender just signed up.  Will Barnaby at Central Coast Lending and his team is helping me promote this wonderful program in our community.  Which his wonderful because it was a daunting task to take on myself in addition to clients and babies!

It’s late, I am off to bed.  If you happen to visit www.PasoREGal.com and you see something that interests you please feel free to call me or my partner Wade!  We are happy to help!

On a side note, someone took the photo below near our listings in Templeton.  It’s such an amazing photo, I just had to share.

Hawk and sign

 

Social Media and Getting a Loan!

Does anyone put thought into what they post on social media?  Those who post regularly about their life allow the outside world to see their thoughts, emotions and details of their lives can be hurting their future more than helping it.

Over the years the news has told us that living our lives on the internet can help or hurt us in getting the dream job.  Did you ever think that it could be a reason to get denied a home loan?  Here are a few tips from local lender Lisa Renelle  View article here.

 

Adorable house with Vineyard

This adorable house is located just minutes from downtown Paso Robles and on the Union Road Wine Trail!  Much of the 12 acres is planted in Cabernet and gently slopes up with the house located at the top of the hill taking in the amazing views of the Paso Robles countryside.

The delightfully appointed farmhouse is 3 bedrooms, 2 bathrooms with large windows and lush landscaping.  The detached garage features a shop and a 2 bedroom 1 bath guest quarters.  The property also features a fenced pool area and an in-ground wine cellar complete with shaded sitting area.

All of this for just $799,000.   Interested in more details or touring the property?  Give me a call or shoot me a message!  You won’t find a better deal closer to town. And! If you qualify for the Homes for Heroes program (www.Homesforheroes.com) I can offer you a credit towards your closing costs!  Contact me for more information.

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Beat the Buyer to the punch by having your own inspections

Thinking about selling your home?

While making those little cosmetic repairs, decluttering and sprucing up the landscaping it’s a great idea to get some inspections out of the way before you are in escrow.  Here on the beautiful central coast of California a home inspection will run you between $350 and $500.  Other inspections you should consider would be a pest inspection ($75-100), if you are on a well and septic then you can get those inspected/tested as well.

Typically a home inspection is a buyer expense (here on the central coast, other areas have different customs), however by getting the inspection prior to bringing the home onto the market you have the opportunity to meet with the inspector, make the repairs you choose to make (be sure to disclose everything to the buyer, repairs modifications made to the house as well as repairs needed and not addressed).

I bet you are asking yourself why spend the money before you have to?  A lot of the issues that inspectors find are minor, simple to fix or general maintenance items.  By taking the time to get the report you can address these issues before a buyer is involved.

Sometimes inspectors find major issues (think mold, foundation problems) that affect the overall value of the property.  You as the seller can get bids from local, reputable companies to resolve the issue and decide to have it fixed or choose to disclose it to the buyer.  What you don’t want is to get a buyer who finds out about an issue, finds the most expensive bid for repairing the issue, then ask for a larger then necessary repair credit, or even worse cancels escrow.

It is better to know what you are dealing with before a buyer is involved so the issue can be addressed. Remember, in California, it does not matter if you are selling your house yourself or using a Realtor you still have the duty to disclose all known issues, repairs and modifications to the property to the buyer.

Selling a home is stressful enough, so why wouldn’t you minimize the stress during escrow and take some of the guess work out of the equation.  The California Real Estate market is hot in most areas, do what you can before you enter escrow so all you have to worry about is packing.

CaliforniaHomeSales

Paso Robles Cabin in the Woods

A quaint cabin on 40 +/- wooded acres on the west side of Paso Robles.  Limited cell reception in the area makes it the perfect weekend retreat.  The house is one bedroom, one bathroom with a kitchen and living area with a wonderful wood stove for heat.  Downstairs has been renovated into additional living space (permit status unknown).

Relax on the deck with your drink of choice and take in the views.  This property is approximately 35-45 minutes from town so be sure to do your grocery shopping before you head home!

Asking $294,900.

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Quaint home in the vineyards, Prices starting at $465,000

Have you ever wanted a cute home amongst the vineyards?  Now is your chance!  These homes have just had a big price reduction and are ready for new owners!  There are 7 homes available in this development.  The homes are between 1186+/- and 1493+/- sq ft each with a 2 car garage.  Each home is on it’s own 10 acre parcel with producing vineyard.  The homes were built between 2001 and 2006. Prices range from $465,000 to $525,000.

One can purchase the whole development for $3,200,000.  This entails a 71+/- acre vineyard (producing), 7 homes (mentioned above) all currently rented but would make wonderful vacation rentals if one didn’t want full time tenants. The vineyard is Zinfandel, Petite Syrah, Cabernet Franc, Chardonnay & Cabernet.

The property is located just between Paso Robles and San Miguel near tasting rooms, a short drive to Highway 101 or Highway 46 East.

Call, email, text or message me for more information!

2015 3rd Quarter Review

This report reviews the first three quarters of real estate activity in 2015 for North San Luis Obispo County. The health of a community tends to be reflected in the local real estate market. Extreme current examples would be San Francisco and Detroit. Local real estate is geographically finite and driven by supply and demand.

Sales of residential single family properties increased year over year by 30%. The average price of sold homes bumped up 3.6% to $375,000, on a year to year basis. The supply of homes for sale continued to trend downward. Homes for sale in South Atascadero are in strong demand. Demand for homes in Paso Robles is steady up to $500,000 and Templeton demand is strong up to $600,000.

An important component in the demand for Paso Robles homes, especially on the West-side, is investor appetite for vacation rentals. Most of these investors are from the Bay Area. Templeton demand is fueled largely by families seeking the Templeton School District. South Atascadero is providing a quality, lower cost opportunity for San Luis Obispo employees. Quality, in different categories, is the common denominator in demand for San Luis Obispo Properties.

Million dollar higher end homes are lagging behind in sales as compared to 2014. Supply of big dollar homes is also dropping as sellers wait to see more market activity. Most of these homes are selling below replacement cost. We are now beginning to see investors looking at trophy properties for vacation rentals.

The drought and the uncertainty of the renewed water ordinance has muddied the picture for agricultural properties. There is so much noise about the water situation that people, buyers and sellers, are tentative. Grape prices are still strong for most varietals and this year’s light crop only highlighted that pricing situation.

No one knows the future, but here is one likely scenario. Whatever ordinance/district is ultimately enacted, it will restrict all new irrigated plantings. Existing built/planted properties will be more valuable versus replacement cost. If we have big rain and a defined ordinance, the agricultural situation will improve.

Right now it takes 6-9 months to get a well drilled on raw land. Obviously that time frame has curtailed demand for raw land parcels. Certainly there will be new building and planting restrictions/costs that will further complicate the raw land situation.

Our hotels and restaurants continue to do well in a competitive environment. I think the success of the Golden Hill/46 Intersection is a great example of how far we have come as a community. Our local leadership and citizen volunteers have gone a long way to set the table for a bright future.

Quality never goes out of style. Our community has worked with our wine and AG community to create a destination location for outsiders to enjoy and the locals to prosper. People come to visit, spend money, and then leave. It’s not easy to operate a city with a marginal employment situation. As long as we remain a quality product, this community will move forward.

Time

It seems like the real estate industry is feast or famine.  I feel pretty lucky to have enjoyed more feasts in my career but it makes keeping up on the little things hard.  Little things like websites, marketing and more.  Some days its choosing to work a little harder or spend a little extra time my family (which is important too!).  Balance is key!

Today I spent a few moments updating the coming soon section of my website.  This is something that I have wanted have on a website for quite some time and have not been able to successfully complete.  Today, the first two “coming soon” properties are up with more be posted in the coming weeks.