Earlier this week, I wrote about how the price of starter homes in San Carlos has dropped back to levels that we thought were gone forever. But what about homes at the other end of the spectrum? What’s happening with some of the larger, move-up homes? Well, if you have followed the “San Carlos Week in Review” series lately, you’ve likely noticed that most larger homes sold in San Carlos have taken pretty sizable price cuts to get into contract. Welcome to today’s reality in San Carlos.
This trend isn’t going unnoticed by those savvy home sellers who know they need to price their home “ahead of the curve” to avoid having their home languish on the market for months. This week’s “New Listing of the Week” at 3464 Brittan Avenue is an excellent example of the right way to price a home in this challenging market. It’s being offered at $1,450,000 by Tim Gilmartin of the Gilmartin Group.
This home is situated on a 10,535 square foot lot at the very western end of Brittan Avenue. Since this last block of Brittan is on the west side of Crestview and ends in cul-de-sac, many people never drive this stretch and consequently aren’t aware of the great homes up here. And this one is right at the end of the cul-de-sac, giving it ideal privacy and incredible views of the Coastal Range.
With 4-bedroom, 3-bathrooms, and 3,420 square feet of living space, there’s plenty of room to raise a family in this home. The master suite is huge, and the bedrooms are all generously sized, and the kitchen and living areas are perfect for entertaining. And the home is only 18 years young, having been built in 1991.
The real eye-catcher here is the price. The $1,450,000 list price equates to about $424/square foot. Considering that the average in San Carlos right now is almost $600/sq foot, this home is priced very aggressively. If you’re looking for a incredible deal on a great family home, put this at the top of your list.
But get out to see it soon — because even in this economy, I don’t think this one will last long.
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