Marin Price Cuts: Picks For the Week

Fall is finally here and it seems like sellers are trying to move their property before the winter months descend upon us in another 3 months or so.  Let’s hope this trend continues for those of us still sitting and waiting for the perfect home at that perfect price

My picks of the week:

15 Joan Ave, Novato – 3 beds, 1.5 baths – $349,000:  A single family home for a condo price.  This 1,100 SF home sits on a good size lot of almost 7,500 SF.  Not a ton of pics of the inside, but the one peering into the kitchen doesn’t look too bad.  This is the first price reduction since it listed about a month ago for $399,000.  Short sale here, as the owner last paid $575,000 in 2004.  The owner before that shelled out $433,500 in 2003.  Ouch.

260 Bolinas Rd, Fairfax – 2 beds, 2 baths – $499,000:  This was  a price drop pick several weeks ago but it looks to me that the owners are very aggressively reducing the ask in homes to move the property soon.  Last listed for $569,000, this is another over 10% reduction.  The home value estimates from Zillow, eappraisal, cyberhomes have the bottom of the range to be in the $530K – $600K range.  Maybe this is worth another look. 

133 Convent Ct, San Rafael – 5 beds, 3.5 baths – $1,595,000:  For those in a higher price point, this is another $100K slash on this house in the Dominican area of San Rafael.  Lots of house for the buck.  You get over 3,000 SF and about 1/3 of an acre.  This translates to just above $500 per SF, which isn’t shabby.  First listed back in July for $1,795,000.   Owner paid about $1.2 MM back in 2004.

15 Live Oak Way, San Rafael – 4 beds, 5 baths – $2,850,000:  Ok, this may be out of most of our price range but this price reduction definitely belongs as a  pick of the week.  On the market since April, this is the first price cut.  And what a price cut it was… a cool $1,000,000 knocked off the original ask of $3,850,000.  That’s an over 25% reduction.  Over 5,000 SF brand new home on 7+ acres with green building techniques in mind – too bad I don’t see this type of dramatic reductions more often in my price range.