Recent Articles
Transformation from an ugly cinder block house to a remodeled Sacramento beauty
I made this one-minute “before & after” video for a client (Housing Group Fund) to help show one of their recent first-time home buyer projects in Sacramento. I appraised this property and I have permission to post the information here. This is a block construction house (cinder block) near the Fruitridge area that was purchased recently as a bank-owned fixer and then rehabbed extensively throughout. One of the features I really like about this remodel is that there is now sheetrock and texture on the interior walls so the house does not have a typical “block” feel to it. If you are reading in RSS, you can view the video directly here.
It’s amazing to see the difference from beginning to end. What do you think?
Flat vs. Hipped Roof: What is your vote for this Sacramento house?
I took this photo a few days back as a comp photo for an appraisal I’m doing near the Del Paso Heights area of Sacramento. This image tells an obvious story of a new roof being installed – but not just a newer roof, but a different type of roof. The house is being transformed from flat to hipped in style. The first image is an MLS photo.
The interesting thing to note while driving through this neighborhood is that there was at least one other house having a gable or hipped roof installed. Moreover, though there are still quite a few flat roofs in this neighborhood, many roofs have already been converted to a higher pitch. I’ve seen this same phenomenon in West Sacramento too. Does this say anything about the market?
Which style of roof do you prefer?
Higher Lower & Lower Higher in the South Oak Park Area of Sacramento
What’s going on in the Sacramento real estate market in the South Oak Park area? I plotted some sales in the 95820 zip code and wanted to share the following. The trend graphs below are based on recorded single family residential sales in MLS for the following boundaries: 12th Avenue to the north, Highway 99 to the west, MLK Jr Blvd to the east, and Fruitridge Road to the south.
Do you see in the graph how a few horizontal lines help us see a clearer picture? It looks like the top has decreased, the bottom has increased, and the middle has become more tightly-packed together.
The second trend graph takes a closer look at the past year of sales from above. I like this one because it really shows a clear separation between the bulk of the resale market and the rest of sales in the neighborhood. Properties that were purchased previously as bank-owned fixers are now being rehabbed and they look to be selling between $100,000 to $125,000 for the most part.
How would you describe this market? What is influencing change? What has driven the upper end down and the bottom level up? Do you think government financing and tax credits are playing a role in some of the changes above?
Please share your insight. Questions? Contact me at 916.595.3735, “like” my Facebook Page, comment below or email ryan@LundquistCompany.com.
