OPEN HOUSE in San Juan Bautista

butlerOn Saturday, 9/12 from 1-4, we’ll be holding an Open House in San Juan Bautista. Watch this VIDEO Tour and then come see it for yourself.  Tucked back in the foothills but close to everything: 775 Via Vaquero Norte – Wow!

So many features: 2,850 sq.ft. on 1/2 acre, 3 car garage, 12 ft. ceilings, solar heated, custom salt water pool with a waterfall, A/C, granite, 18″ tile, see thru fireplace in the living room & family room, separate ‘granny’ quarters with its own front entry, all on one level, vineyard, storage shed, remarkable privacy and views and, less than a mile to Hwy 101 for an easy commute. Play tennis or basketball in the private courts or golf at the award winning “San Juan Oaks Golf and Country Club” just down the road.

Your GPS will take you to the wrong gate.  Turn LEFT off Rocks Road and follow the signs. Give me a call for the gate code for easy access.

You will be glad you came!

 

Open House – San Juan Bautista!

pool 2Plan it: Saturday, 1-4 PM, San Juan Bautista.

Watch the VIDEO Tour of 775 Via Vaquero Norte.  It will be like walking through this great home.

However, you won’t be able to smell the chocolate chip cookies.  (I’m working on “scent technology” but until we figure out how to share that electronically, you’ll just have to stop by in person).

12′ ceilings, tall windows, private 1/2 acre lot with a custom pool and waterfall, separate living quarters for your ‘just marrieds’ or grandma, single story, 2,850 sq. ft., A/C, granite countertops and 18″ tile floors, fruit trees, vineyard & garden, large tool shed, RV/boat concrete pad behind gates, and many more features make this a comfortable home.

With Hwy 101 less than a mile away: Monterey & the beaches are just 30 min. West and in 15 min. the other direction you’ll be at “Gilroy Premium Outlet” and Caltrain for an easy commute, San Jose Airport in 50 min (off peak) and Disneyland in 5 hrs.

Play tennis and basketball within the private community and golf just down the road at the award wining “San Juan Oaks Golf and Country Club”.

Call me for the gate code to this wonderful, gated community.

 

 

 

Coming Soon: In San Juan Bautista

Here is a sneak peak at a remarkable home in the rolling foothills of San Juan Bautista.  For an intimate look at this home click here and 775 Via Vaquero Norte 003watch the VIDEO Tour we just launched.  It will be like walking through the home.  It features: nearly 2,900 sq. ft., 4 bedrooms, 3 full baths, a 3 car garage and sits on .5 an acre.  In this pronounced ‘Seller’s Market’ it may not be available long.

I will probably put it on the market in a week or so.

One thing I forgot to mention in the VIDEO is that the pool is solar heated..

You can text, email or call me for your own personal tour.  I’ll be happy to arrange the viewing for you.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Executive Home in San Juan Bautista

This VIDEO Tour of a great home feels like you are walking through the home and grounds. 381 Via Vaquero Sur, in San Juan BauFronttista boasts of 3,500 sq. ft., 4 bedrooms, 3.5 baths, 4 car garage and it sits on a 22,000 sq. ft. (.5 ac) lot in the foothills.  As you saw in the VIDEO there are many remarkable appointments and features included in this home.

The location of 381 Via Vaquero Sur could not be more ideal: just 3/4 mi. from Hwy 101 for an easy commute to Monterey or Santa Clara counties.  CalTrain and Gilroy Premium Outlet Center is only 15 min. from here.  The beaches and Monterey – just 30 min. “San Juan Oaks Golf & Country Club” is a short drive down the road. Play tennis on this gated community’s own tennis court.

The Open House for this home is Saturday, 11/22 from 1-4 PM. Why not stop by for your own, personal tour. You will see a remarkable home and, enjoy freshly made chocolate chip cookies.

Let me know what you liked about this house.

Home Prices in Our Bay Areas

Here is a quick glance, one page summary of year-over-year values for of our Bay Areas.

The median prices increased slightly in Santa Clara County (up 9%) and Monterey County (up 6%) but dropped 1% in San Benito County.

At the bottom of the summary page we see some indicators which suggest San Benito County values may rise in 2015: Inventory of homes for sale increased 14% 9/13 to 9/14 which is one of the causes of the median price to drop. However, the Days on Market (DOM) dropped a whopping 46%!  Since homes sold significantly faster year-over-year we may see San Benito County single family prices rise next year.

With one eye on these opaque indicators and one on “the holidays” disengagement many get caught up in – a shrewd buyer should buy a home before the year is out. And, with interest rates around 4% for a home loan, you could be one of the few others admire in the future: “You bought at the end 2014?  You really ‘lucked’ out”.

Why not text, email or call me?  With your answers to 4 simple questions I will be able to compute for you how much of a home you can qualify for and provide you with a list of those homes in your price range.

“Happy (Holiday) shopping”.

 

 

Drop PMI from Your House Payment


paymentsREDUCE YOUR HOUSE PAYMENT BY $220/mth*

Since home values have risen over the last 18 months we are often asked: “How do I drop that Private Mortgage Insurance (PMI) from our house payment?”

So here is the Good News and the Bad News:

Good:  “The Homeowner’s Protection Act of 1998“: home lenders MUST drop the PMI when the loan balance reaches 78% of the original value.

Bad: “78% of ORIGINAL VALUE” means the price you paid for the home, NOT today’s appreciated value. Additionally, most lenders require that you have a 2-5 year payment history with them before they will consider your request.

Additional ‘Bad’: Even if you have paid extra toward your loan balance the lenders look to the original amortization schedule to determine when you reach 78% in order to drop the PMI.   That typically takes 9 – 10 years.

Once you have 80% equity you can ask the lender to cancel your PMI however, there is no guaranty they will.

While the Federal Housing Administration (FHA) is not governed by the same law they do have a similar ‘78%’ rule with the added proviso that the payment needs to have been made for at least 5 years or your balance is 78% of the original value – whichever comes later.   FHA’s insurance for loans originated after 7/1/2013 however, is permanent.

Good:  You don’t have to wait for the magical date on your amortization table…you can refinance your current loan.  In the South County (Morgan Hill, Gilroy, Hollister, San Juan Bautista) home values rose over 36% in 2013 from 2012.  With at least 20% (new equity) your new loan will not need PMI.  On a $300,000 purchase where you put originally put 5% down to a $285,000 loan, the PMI would cost roughly $220 every month*. Even if you include the closing costs in your refinance loan you will still have a lower payment due to no PMI; probably a savings of $150 or more per month.

In a 5 minute visit I can tell you what YOUR particular numbers will look like.  Text, email or call me.  Let’s get rid of that PMI before another month rolls by.

 

Morgan Hill Home Values UP 27%

house value up graphThe average home value in Morgan Hill, CA rose 27% over the last 6 months as compared to the same period last year (May to the end of Oct.).  Homes sold for an average of $771,641 this year vs. $609,669 for the same time last year in Morgan Hill.

There are 3 indicators which provide some measurable reasons for this significant increase: The number of home for sale dropped from 282 in ’12 to 212 during the same 6 months this year.  Classic “Supply & Demand, 101” is in play here.  The average number of days on the market dropped from 64 last year to 35 days this year. That 45% decrease suggests a robust demand.  Finally, we saw asking prices and actual sale prices were virtually the same so far this year whereas, last year the recorded prices were 92% of the listed price.

Gilroy, CA has experienced similar appreciation.  The South County (Morgan Hill, Gilroy, Hollister and San Juan Bautista, CA) is a favorite ‘bedroom’ community for Bay Area employees.  Hollister and San Juan Bautista home values were even more stunning.  I will post their reports soon.

What does this mean for home values in 2014?  Probably more of the same.  Do you think we’ll see the same pace?  Are we headed for another bubble?

(data from MLSListings)

 

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4 Bdrm. Home, San Juan Bautista

For Sale: 411 6th St.  It is a 9 year ‘young‘ home in “The City of History”, San Juan Bautista.

This 4 bedroom, 2 1/2 bath, 2,005 sq. ft. home is just a few blocks from all of the boutique shops and restaurants in San Juan’s village.  Everything here; the Mission itself, the grocery store, the school – are all within walking distance.

Since this home is only 3 miles from Hwy. 101 you can be on the beach in 20 minutes, Gilroy’s Outlet Center and, CalTrain in 15 minutes, and in downtown San Jose in 45 minutes.  Hollister is just 10 minutes away.  It’s an easy commute from here to Monterey or San Jose.

Take a couple of minutes and watch this VIDEO Tour then, let me know what you think.

VIDEO Tour, Beautiful San Juan Bautista Home

Location, location, location.  Here is a ‘turnkey’ home nestled on 5, oak tree studded, acres in the San Juan Bautista foothills.

This bright and sunny home is only 40 min. from San Jose, 13 miles from Gilroy’s Outlets and CalTrains; 4 miles from San Juan’s village and schools, 20 min. to the beach and a little further to Monterey.

As you watch the VIDEO Tour (above) of this great home look for all of the natural light, large oak trees, and the home’s quality. 860 Merrill Rd is located at the end of the lane, about a mile up from Hwy 101.

You can also click on the “City Tours” tab above to see a VIDEO Tour of San Juan Bautista as well.

In addition to the 4 large bedrooms, 3 full baths, over sized 3 car garage and 3,149 sq. ft., the energy efficiency, privacy and great location of this home will make you glad you found it.

860 Merrill will be going on the market in a few weeks.  Call or e-mail me for your own, personal tour of this wonder country home.

I welcome your comments here.

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