1348 Cedar Street.
This week’s broker tour in San Carlos wasn’t much more bountiful than last week’s tour, when there were only two homes to see. This week’s tour only showcased four homes on their first tour, and they all vared widely in terms of current condition and potential value. This week’s pick for (my) Best of Tour addresses both criteria — not only for what the property could ultimately become, but also for how much it may sell for in its present condition.
1348 Cedar Street in San Carlos is a 2BR/1BA, 960 square foot fixer that is listed at $849,000 by Mila Gelman of Vanguard Properties. (Click on the picture below for the listing details).
What, you ask? Since when is a total fixer worthy of the illustrious “Best of Tour” award on the White Oaks Blog? After all, there is essentially no redeeming value in the structure itself (if you’ve been to the open house, you know exactly what I am talking about). No, the real value in this property is not the house, but the fact that the house sits on a 10,500 square foot flat lot in a prime central San Carlos location.
It goes without saying that quite a few builders and well-heeled buyers who have been waiting for a huge lot like this to build their dream home are drooling over this one. Because of that, look for this one to sell for a silly amount above the asking price of $849,000. (It should certainly set the mark for the highest percentage over the list price of any home kept stats on in San Carlos this year.)
If you’re looking for a clean slate to build your dream home in San Carlos, you won’t find a much better one than this. It will be open from 1:00-4:00 on Sunday, or you can contact me for a private showing. It’s a probate sale, so make sure you’re working with someone who has experience in those types of home sales because there are indeed important differences.
There was three other single-family homes on tour in San Carlos this week. Click on the addresses below for all of the listing details:
- 2845 Brittan Avenue: A large 4BR/2.5BA homes located in the hills of San Carlos. At over 2,600 square feet, it’s a lot of house for the money. Listed at $1,549,000 by Lindsey Ehrlicher of Vanguard Properties.
- 2032 Birch Avenue: This is the other fixer that was on tour this week. It also has fantastic upside potential, because it’s in a very desirable Howard Park neighborhood. You just don’t see many homes on those blocks of Birch, Eucalyptus or Arroyo hitting the market very often. Listed at $1,078,000 by Mary Molinari of Coldwell Banker.
- 1118 Royal Lane: If you’re familiar with the homes on Royal Lane, then you’ll really like this one. It’s super clean on the inside, and sports one of the best locations on the loop, since it’s in the middle away from the main roads. Listed at $1,298,000 by Laura Bertolacci of Dwell Realtors.
That’s the recap from this week’s tour in San Carlos. Let me know if you’re interested in seeing any of these great homes!
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