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San Carlos Real Estate January 28, 2009

San Carlos “New Listing of the Week” — 3464 Brittan Avenue…

by Chuck Gillooley

3464 Brittan Ave
3464 Brittan Avenue

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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Comments 1
  • This house does seem like a great deal that will sell fast. It is surrounded by expensive homes and is in a great location and in nice shape; definitely move-in ready

    The listing for $879k on Brittan (a block down from Crestview) for the mid-renovation home is going to sit I think. I saw it over the weekend and it sounds like the sellers are hoping to recoup a lot of their investment of between 1.1 and 1.2M (not sure why they chose an asking price so low when they PAID $930k). Then you still have to finish the house which is a maze of confusing flow downstairs and old landscaping. Plus they have almost finished the kitchen and used laminate cabinets and the tiniest kitchen sink I have ever seen. Very specific taste and something that a potential buyer may likely want to change (and subtract from the asking price. With the brand new house on Oakview that is listed for $1.195M only needs finishwork (flooring, cabinetry, etc), it is the winner hands down!

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