11510 Colfax Hwy- another Grass Valley Bungalow-cottage, 2 bedrooms, 1 bathroom, listed for $269,000

Grass Valley cottages and bungalows with 2 bedrooms and 1 bathroom make up the largest class and type of home listed for sale in Nevada County priced under $300,000. Last year there were 20 of them. Only homes in Lake Wildwood make for a larger potion of the under $300,000 market. With so many comparable sales it is not hard to give a broker price opinion on a home like this.

Here’s the basics- on the upside, this home has received a nice facelift both interior and exterior- Hardwood floors are freshly refinished and shine. New Formica counter in the kitchen, new sink, fixtures, stove, and refrigerator, new paint on the interior, new carpets in the bedrooms, new vanity in the bathroom.

Standard desirable features include ad flat lot with plenty of room for gardening, a garden storage shed in back, an enclosed rear porch for laundry, and enclosed front porch for staking off shoes and hanging coats.

Downside- Corner lot right on Hwy 174. Busy street, lots of noise from traffic and pedestrians associated with church across the street and the elementary school one block away. As always, home like this on very small lots typically have older septic systems that would need to be inspected before a valuation could be determined.

Priced under $270,000 this home is just right for last fall’s market. Important to realize that while a dozen homes like this sold last year, all priced between $250,000 and $300,000 and this one fits that price model exactly, this is also the first home of the 2018 season, so it will be interesting to see how long it takes buyers to jump on it, and what price discount they are going to extract due to the road noise. This home is definitely nicer than many of the similar homes that sold for $275,000 and even $285,000 last year, but the road noise factor is a serious defect.

Here is a little more detail about how I track comparable home sales data.

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

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