Archives for 2018

It’s Still Location, Location, Location

When we buy a new home, we can remodel the inside, put in new landscaping and so on, but we can’t move the house to a new location. Therefore, we should try to find a home in the best location. Some of the factors in the search should be: Finding a home where the other homes are well-maintained. Finding a property that is known for having good schools. Locating a home that does not have aggravating noises and people constantly hanging out on the street corner. Avoiding a house on a busy street and trying to find one that is located near streets that lead to your place of employment with the least hassle.

When we purchase our home, the location was great. The schools were good; it was close to work; the homes in the neighborhood were well-maintained. The house itself had some problems. A real no-no was the fact that to get to one of the bedrooms, one had to walk through another bedroom. The kitchen was narrow and there was only a narrow place to put a table. We waited for a year or so after buying the house and then started our improvements. We created a hallway so that bedroom could be reached without going through the other; we built out the kitchen and created a beautiful kitchen eating area. We refinished the hardwood floors; we repainted; we upgraded the bathrooms; we built out the master bedroom and more.

My advice is to avoid looking at homes in inferior neighborhoods and also, not to avoid purchasing a home that may need improvements…as long as it’s in a good location.

5 Cayuse Ln Rancho Palos Verdes 90275

$1,539,000 – view all pics

Subject to cancellation of escrow. Appraised at $1,810,000 6-5-17** Brand new house + permitted two bedroom guest unit with separate entrance on .45 acre. 5392 sqft. of building on + oversized 700 sqft. three car garage. Serene culdesac location with city and mountain views. Open floor plan with capacious rooms, high vaulted ceilings, picture windows, view balconies and lots of natural light. West facing master, library, central air, recessed lighting, wired for ADT security, cable and wifi. Massive 15+ car driveway and yard is south facing with room for a pool. One block to George F. Canyon and Martingale Trailhead Park (direct access to endless trails behind the gates in Rolling Hills). Excellent schools: Dapplegray Elementary, Miraleste Middle and Peninsula High, 10, 9 & 10 on GreatSchools. Main house is 3948 + large bonus room (not included in the assessed footage), the guesthouse is 1134 sq.ft.

View this property.

2018 1st Quarter Sales in Palos Verdes

According to the Multiple Listing Service, there were 141 closed sales of single family residences in the cities of the Palos Verdes Peninsula (Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, and Rolling Hills Estates) and the unincorporated area of Palos Verdes Peninsula during the first quarter of 2018. The sales prices ranged from $700,000 to $6,399,999. The average sales price was $1,756,723 after an average of 59 days on the market.

There were 29 closed sales of condominiums and townhouses. The sales prices ranged from $295,000 to $1,650,000. The average sales price was $768,793 after an average of 39 days on the market.

Contact me today for a complimentary market evaluation of your home:
310-703-1931
katie@katiemuck.com

2017 Closed Sales in Palos Verdes

According to the Multiple Listing Service, there were 692 closed sales of single family residences in the cities of the Palos Verdes Peninsula (Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, and Rolling Hills Estates) and the unincorporated area of Palos Verdes Peninsula in 2017. The sales prices ranged from $615,000 to $13,840,000. The average sales price was $1,744,479 after an average of 46 days on the market.

There were 194 closed sales of condominiums and townhouses. The sales prices ranged from $240,000 to $2,800,000. The average sales price was $723,062 after an average of 43 days on the market.

Contact me today for a complimentary market evaluation of your home:
310-703-1931
katie@katiemuck.com