Your Island of Privacy- 1610 Arapahoe St- South Lake Tahoe

This Meyers 2-bedroom, 2-bath home is perfect if you are looking for an islArapahoe pictand of privacy: surrounded by a mixture of unbuildable public and private land, there is not a neighbor to be seen from the redwood deck in the backyard, only a peek of the mountains and mature aspens and willows along the seasonal creek. You enter to open plan living with a gorgeous kitchen, new in 2014, with locally-made alder cabinets, stainless appliances, and granite slab countertops. The two bedrooms are both large, the master with an en suite bath; the other bedroom, currently used as an office, would have been split to two small rooms in many houses this size but here remains a single, very large room. A classic woodstove will keep you warm in winter. Between the one-car garage with bonus space and the 10×10 shed in the yard, you’ll have plenty of storage. This is a very livable house in a flat, sunny area that anyone would be proud to call home.  All this for $396,000.

2917 Springwood South Lake Tahoe- Great Views- Impeccable Finish

This ultra custom home was designed and constructed by a local artistic builder as his personal residence and showroom. The designer materials and custom finish only add to the quality of this lake view home backing to 311 acres of public land. Upon arrival you are greeted by the Aspen Hollow designed landscaping that surrounds the entire property. The first floor offers a private guest suite and game room. The game room contains a media closet wired throughout the entire property. A seven foot hot tub with amazing views is just steps from the back door. A one of a kind stairway lead you to the living room with its impressive floor to ceiling natural quartzite gas fireplace with a juniper mantle surrounded by built in cherry cabinets. The impeccable quality finish continues into the kitchen with cherry lower and alder upper cabinets, stainless Jenn-Air appliances, and Bellagio granite countertops and backsplashes. No detail has been spared here- true Tahoe Elegance.  All  this for only $875,000.121371[1]

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Good News on Short Sales

SACRAMENTO, CA - MARCH 24:  California Gov. Je...
Image by Getty Images via @daylife

July 15th, 2011 was another big day for anyone in financial distress on their primary residence in California.  Along with Senate Bill 931, signed in January, which prohibits a deficiency judgment against a homeowner after an approved short sale on their first mortgage, Governor Jerry Brown signed Senate Bill 458, which prohibits a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior or junior lien-holder.  In short if you have an approved short sale on the first mortgage the lien holder cannot pursue you for any difference between the short sale price and that loan balance.  The same goes for the second mortgage.  This is for any short sale closing after July 15th 2011.

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Unique Tahoe Keys Property With 2 Boat Slips

Speed Boat
Image by Dshalock® the Libertarian Emperor of America via Flickr

I have a unique Tahoe Keys duplex condo for sale.  It is in the middle of a remodel so it would have to be a cash offer- although the seller is open to any creative solution.  It has a 2 bedroom 1.5 bath unit that is currently rented and a studio with full bath and kitchen.  The studio is in the remodel stage.  The owner has the new kitchen cabinets, stove/oven, 40k BTU gas fireplace, and dishwasher uninstalled on site.  He is tired of the project and just wants out.  Not in the MLS yet-

It has one garage space, outside parking, keys amenities (pools, hot tubs, tennis courts, boat launching, private beach), a nice mountain and marina view, and 2 boat slips…… A legal duplex with one APN number….

Offered in the very low $300’s

When you finished with this project you could flip for a nice profit or keep it and rent one unit and keep one for yourself.

Call or email  me for more information.

Joel Dameral
530-545-8827
info@JoelDameral.com

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Things To Look Out For In Foreclosures

Half million dollar house in Salinas, Californ...
Image via Wikipedia

Foreclosure or Not???

Buying a home can be a dauniting task that has both risks and rewards.  The following is a shortened version of an article that first appeared in October on RISMedia.  I think that is offers some usefull information for those people who have their sights set on the “foreclosure”.

lead 10 05 foreclosureBuying a foreclosure often is appealing to buyers trying to stretch their dollars. It’s finding a good one can that can be a challenge.  Finding the bad one is easy.

The vast majority of the banks don’t want us to advertise them as ‘bank-owned’ because it comes with a negative connotation.   This means no sign on the front lawn indicating the home is anything other than a traditional sale. A buyer probably won’t find a property advertised as a foreclosure on marketing materials.

Plus, in some markets, including Las Vegas, foreclosure inventory is actually down compared with last year as government programs attempt to keep owners in their homes and banks aren’t putting as many homes on the market.   This is making it harder for buyers to purchace a foreclosure, and those paying with cash often win a bid over someone who needs financing.

If you’re considering the purchase of a home that is now owned by a bank, it’s also important to know at the outset just how much work you’re in for — and how much it is going to cost you. Many foreclosures are in various states of disrepair; some of the fixes are cosmetic, but some can be extensive.

Those looking for the best deal probably shouldn’t rule out non-foreclosure properties.

 

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