10497 Sierra Drive, 3 bedroom 1 bathroom home for $300,000. Nothing special? Why did it go pending so quickly?

The market never lies. This one is typical of the older homes in Grass Valley. Three bedrooms, but just one bathroom. No master suite, just a hallway with cluster bedrooms and one central bathroom to service the household. The kitchen is dated, the cabinets are at least 30 years old. The yard is flat, but it has not been maintained all summer and everything is dry or dead. About the only really good thing about this house is the carriage house, 2 car, two story building on the back of the lot. It has a small two car garage downstairs, that might be OK to park two cars, but really is better used as a shop. Upstairs, the space has been converted into an “almost” studio. There is a bedroom, a rudimentary bathroom, evidence that there might have been a kitchen. Of course, there are no permits for using this space for residence. You could convert it into a separate apartment, but you would never be issued a permit for such a use. But somebody saw the value here, and it went pending after just a few weeks on the market at $300,000. I am guessing somebody will finish out that carriage house and rent it out and that’s why this home sold so quickly, and at a hire price than several similar homes we have looked at over the course of the summer.

Author: gordon

Nevada County Resident since 1988. Painting and Decorating Contractor 1985-2003 Nevada County Realtor Since 2004 Member of the Nevada County Masters Club (top producing agent) Every Year Since 2004