Category Archives: Local Real Estate News

Curtis Park Village Developement, Sacramento CA

As a Curtis Park resident, I’ve been following the most recent news on the Curtis Park Village development – here’s a recent piece that goes a little beyond our Viewpoint news.

http://www.sacbee.com/2013/05/05/5393743/petrovich-to-break-ground-on-long.html#mi_rss=Business

Ten Years of Housing Inventory in Sacramento – from Ryan Lundquist

If you are like me, it helps to see a picture to help explain and understand complex concepts.  An appraiser friend of mine does an excellent job of this on a consistent basis - check out Ryan’s most recent blog post HERE

Market Udate, Sacramento CA

[last news letter to our property owners, for whom we manage their properties]

Hope you are finding the spring enjoyable.  As the weather heats up so are the sales.  We’ve assisted several more owners since our last communication in selling their properties at the highest price and in a short time frame.  Others have taken us up on doing a property value analysis and many of the responses have been, “Not yet.”  Or, “I need to wait maybe six months before I sell.” Or, “When the value comes in at $ ______, then let me know and I’m willing to sell at this price.”  I did comps on one owners condo 6 months ago and now the value has come in at nearly $40,000 higher!  These figures have surprised us too and have shocked other sellers.  Take a look at the graphs below that visually show what the market is doing.  Give us a call or email us to take your next step. 

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As you can see, the trend is upward.  Now may be the time to buy as well, as some are concerned about being priced out of the market, or wondering if properties will every cash flow again.  We also began to hear some of our clients buzzing about 1031 exchanges (tax free).  Properties with equity, but a depreciated base can sometimes be parlayed into two or three properties that generate more cash flow and have potential for some great appreciation.  Let’s talk soon to determine your next steps.

Sincerely,

Keith Klassen, Broker                                                                                                    

(916) 669.9030  

Can Anything Good Come Out of West Sacramento?

Yes!

West Sac. has gotten a bad rap over the years, but this article give some hope toward their progress, in the arena of solar energy and the environment.

Check out the article

Enjoy,

Keith Klassen – Real Estate Broker

916.669.9030

Renovation in Curtis Park, Sacramento

It’s always great to see things happening in our neck of the woods.  Business thriving, homes restored, and new things coming to life all around us.  The local women’s gym, Figure 8, seems to be a big hit.  For the last month they have been undergoing a face lift, redoing their storefront and perhaps reconfiguring the entrance.  This renovation should be an attractive upgrade to the already thriving neighborhood.

Stay tuned for the finished product.

Enjoy,

Keith Klassen

Real Estate Broker

The Value of Neighbors – Curtis Park, Sacramento and Beyond

It is so important what neighborhood you live in, whether it be mediteranian doorfor distinctiveness or convenience of locale, people should spend a good amount of time getting a feel for where they are buying and what they are buying into.   When I purchased my first home in Sacramento, I knew that I was not just buying a house, but a neighborhood too.  I just had a gut feeling that my little East Sac. home and neighborhood was a winner, even though I did not know much about it.  However, I found out, over time, the people no my street kept to themselves and were a bit cold.  At the first meeting of my direct neighbor I said, “Hey, we’re thinking about having a BBQ to get to know everyone on the street.  I’ll let you know when we plan it.”  She quickly replied, “Oh, we won’t be coming to that.”  I was speechless.  “Uhhh, okay.  I guess I’ll see you around.”  I couldn’t believe it!

While you can do research on the potential home and neighborhood, it is very difficult to do in depth research on the people that will be your neighbors.

Before we moved our current home in Curtis Park we drove around the neighborhood extensively, walked up and down the street where our potential home was located, and attempted to talk with as many neighbors as possible.  Picture1I’ll never forget the first woman I spoke with… “Are you looking to buy that house?” the neighbor asked.  “Yes, we are in contract,” I replied.  She went on to introduce herself and tell me all about the neighborhood.  The former owners told us that they were saddened to leave because they’d grown so close to their neighbors.  The evening we finally got everything moved in, our neighbor across the street brought us freshly baked cookies and apologized for only bringing a particle ½ gallon of milk!  The next day a man from down the street dropped off brownies he made for us.  A few weeks later our other neighbor gave us a bundle of kindling for fire wood.  After only several weeks I knew we had move onto a unique and special street.

This is the “Front Porch” ethos – an attitude of community that I find deeply rooted and perpetuated on my street.  I applaud and say a big thank you from my family to our neighbors.  Who cares about home values, when you’ve got neighbors like ours!

The Front Porch – Curtis Park, Sacramento and Beyond

[This was an article I wrote for a monthly newsletter I used to produce for my neighborhood (Curtis Park) each month.  A friend of mine inspired me with his writings "The Relevance of the Front Porch for a Community" to re-post my article.

[this is from "The Front Porch" March 2006]IMG_4380

Some of you have asked me about the significance of the news letter’s name.  The name, for me, evokes a feeling and concept that many of our homes already have built in – namely the front porch.  The front porch can be the equivalent of an outdoor sitting room, a place for discussion and relaxation.  As I walk the streets of our neighborhood I see people cooking/barbequing, reading, children playing, writing and even business being done (with the advent of wireless technology) on the front porch.  You might catch some just sitting, gazing at the street or in the trees, entertained by a bird or squirrel.  The front porch welcomes the passer-by, and invites conversation between neighbors.

IMG_4382The word “porch” originally derived from “the Latin word porticus, or the Greek word portico, both of which signify the columned entry to a Classical temple”(Kahn 1).  As history unfolded and the Middle Ages arrived, the porch came to represent a cathedral’s vestibule, “where worshippers could gather to socialize before and after the service”(Kahn 2).  By Victorian times, the word “porch” became interchangeably used with the words “veranda,” “piazza,” “loggia,” and “portico,” each of which could connote individual meanings.  From this period until the second half of the nineteenth century, “the word ‘porch’ itself most often described a small, enclosed vestibule or covered rear entrance” (Kahn 1).  At this time, at the end of the nineteenth century, the word “porch” began to represent its present meaning. This meaning, in its American sense, generally refers to a “roofed, but incompletely walled living area”(McAlester 52) contiguously attached to the frame of a house. Generally, in America, this area would be found attached to the front of a house, offering a covered and shaded area for an array of uses and would be known as the American front porch.

Between the rise of the front porch in the middle nineteenth century and its decline in the post World War II era, the front porch developed a cultural significance. It represented the cultural ideals of family, community, and nature.IMG_4381

The new technological development of air conditioning further aided in the decline of the front porch. Providing a cool environment indoors, the front porch was no longer needed as a cool shaded area during the day or as a place to enjoy the cool night air. Families remained indoors comfortably, and a primary use of the front porch was no longer needed. Air conditioning, in a sense, also contributed to another technological development which would affect the front porch: the television. The television, which could exist only inside, provided endless hours of entertainment indoors. As a result, family life shifted from the porch to a family room or TV room, where families could watch the evening news, sporting events, or the early sitcoms, all while enjoying the newly invented “TV dinner.” No longer would families relax outside on the front porch.

Some of our friends, who live in the “burbs,” lament, “Our neighbors just open their garage, pull in, and you never see them – Or, “Everyone hides out in their backyard.”  And, “We still don’t know many people on our street, after all these years.”  Notice what might be missing from these homes… the front porch or at least the “front porch attitude.”  Granted, this home feature will never guarantee a gregarious disposition in life or an abundance of neighbors who are open and friendly, however it does give us a head start.  Why do you think the street side café or coffee shop with outdoor seating will always be a hit?  It’s for the same reason why front porches exist.  Is yours lying dormant?  You may not be the one who throws a block party or is best friends with everyone on your street, yet you may try dusting off those beautiful Adirondack chairs (or whatever furniture you have – pull out a folding chair, it doesn’t matter) and become a part of the front porch culture.

A while back, I received an email from a friend in the community saying, “I came by to visit today, but you were not home.  Hope you don’t mind, but we just sat on your front porch for a while and enjoyed the neighborhood.  We may be back soon, even if you are not home. J  Thanks! “

While my day job consist of real estate investing, property management, and real estate consultation, I hope to also be one who helps draws the community together.  So whether you have one or not, you can still enjoy the ethos and attitude of the front porch.

See you soon, walking by or enjoying a beverage … on the front porch.

McAlester, Virginia and Lee. A Field Guide to American Houses New York: Alfred A. Knopf, 1996.

How walkable is Sacramento? Handy tool when buying Real Estate

There is a lot of talk around this issue of walkability, especially in Sacramento’s urban areas.  A friend of mine said to me the other day, “If I were to move, one of my criteria is that I have to be in walking distance to a bakery,” as donuts were the topic of our provocative conversation.  I am fortunate, there are several bakeries in walking distance from me (Freeport Bakery and Marie’s Donuts just to name a few).

You probably already know the answer to this question, but check out this website to walkscore.com and see where your neighborhood ranks.

For kicks I typed in my address (thinking our neighborhood is very walkable) and came up with a score of 69 out of 100 = “somewhat wakable.”  So I then typed in a  friend’s address who lives in Natomas… as imagined 43 out of 100 = “car-dependent.”  Our old home in Boulevard Park/Midtown gets 86 out of 100 = “very walkable.”

A fun and interesting website, especially in light of our changing cultural values when it comes to how we view our planet.  And, as fuel prices increase, cities become more dense, and as people realize their longing for community, this “walkability measure” will be even a larger factor when buying a home.

Short Sale Tips in Sacramento Real Estate

http://www.sacbee.com/realestatenews/story/1933693.html?mi_rss=Real%2520Estate

Trees in Sacramento

Ah, the tree-lined streets of old Sacramento.  Shade and beauty!  I love the canopy – it’s like a tunnel of trees.

trees 3rd ave

Now I do not want to be a pessimist, but the trees also are somewhat of a ticking time bomb.  Several of my friend have come out to their cars during the winter most or after a windy night, only to find a large tree branch has fallen and destroyed their car.

A neighbor of ours had a tree split his home in two!  The pictures are too graphic and horrifying to post :)

Here’s our old neighborhood and a tree that feel last year!

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