11622 Francis 3/2 ranch style home, new paint interior and exterior, new carpets and deck, listed for $295,000

So, this is one of the first homes of the new year to be listed under $300,000 so I went out and looked at it right away. This home is vacant, and obviously the seller did quite a bit of work to get it ready to sell. All the cosmetic fixes have been made, paint, carpet, decks, cleaned up inside and out. You could move into this home in the morning and entertain guests for dinner. It is ready to go. Does that make is ta good deal?

This is almost an exact comparable for 10853 Barde Court, which was listed for $319,900 just before Christmas and received multiple offers within the first few days of being listed. The homes are very similar in floor plan. Barde Court was a “lived-in” home so it did not show as well or as easily as this vacant home, but floor plan and age of the fixtures are almost the exact same. Even the neighborhoods are very similar. The only real difference between these homes is the home on Francis does not quite have as much privacy in the backyard, but it has a slightly less steep driveway, and the garage is finished, where the garage on Barde was unfinished. So, I predict this one will sell very quickly, but you never know. Buyers can be finicky. This seller definitely did not want to take any chances. The list price is always a measure of the seller’s motivation. I think this one indicated a very motivated seller. If you are an investor, thinking of buying a ranch style fixer and doing some cosmetic fixes and reselling, be ware! You are can’t assume that every home with three bedrooms will sell for over $300,000. If nothing else, this home will set other sellers with similar homes who think they ought to get $325,000 for their home back on their heels. Prices may go up in the spring, but this home indicates a flat market for the present moment.

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