Single Story For Sale in Gold River, Rancho Cordova


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•  1603 sqft , 2 bath , 3 bdrm single story FOR SALE  USD324,950 . Needs Personal Touches

Charming 3 bedroom, 2 full bath home with a large 2 car garage and a 300+ square foot bonus room that sits on a large corner lot, which is RV possible. This home is just waiting for your personal touches. Hardwood kitchen cabinets and trim throughout the house. Original hardwood floors refinished to a beautiful luster by seller’s during their ownership. HVAC is about a year old. Close to Cordova Lane Elementary school center, Ahlstrom Park and local shopping.

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2 Story For Sale in Elk Grove, Elk Grove

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Fantastic corner lot home in the Villas

•  2291 sqft , 3 bath , 4 bdrm 2 story FOR SALE  USD452,000 . Reduced price for quick sale!

This beautifully remodeled and well kept 4 bedroom, 3 bath home in the desirable The Villas area of Elk Grove has it all. Built in pool, master suite, granite tile floors and counters, Hardwood, tastefully landscaped and well kept large corner lot yard. RV Capable. Newer roof. Just steps form the park! You wont want to miss your chance to live here.

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Single Story For Sale in West Olivehurst, Olivehurst

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•  1000 sqft , 2 bath , 2 bdrm single story FOR SALE  USD320,000 .
MLS® 202001762

This Manufactured home was built in 2017, almost brand new! It has 2 bedrooms and 2 full bathrooms and 1000 sq feet of living space on a large 1 acre lot. Features include dual pane windows, ceiling fans, central heat and air, inside laundry room, well, septic system, and above ground propane tank. Did I mention before the Large 1 acre lot!? Start your country living experience today with plenty of room to grow.

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Single Story For Sale in Sacramento, Sacramento


Remodeled like New!

•  897 sqft , 1 bath , 3 bdrm single story FOR SALE  USD289,000 . Fully Updated
MLS® 19082511

Fully Updated! Shows like a model home. This 3 bedroom, 1 bath, 897 sq foot Home with a 1 car attached garage is behind Arden Fair Mall, just minutes from downtown. Large backyard with large covered patio out back, RV parking, Central heat and air. Tastefully Updated; Kitchen with new cabinets and counter tops, bath, tile floors, interior & exterior paint. Just Too much to mention. Good area, Dead end street no traffic, close to everything and Howe Park.

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An Open letter to the Sacramento City Council

Dear City Council Members,

I have been in real estate almost 30 years now as a mortgage lender, a real-estate agent and a broker. Your actions and behaviors over the matter of the shortage of rental housing, in line with the “housing” activists, is truly unfathomable. Your actions are a furthering of the problem of why there is a lack of affordable housing and especially affordable rental housing in our area to wit;

Your recent dramatic increase to all connection and permitting fees to build on vacant lots over the last few years has greatly curbed the construction of new housing on said lots. I specialize in the North Sacramento and Del Paso Heights area and I can tell you the number of owners who have told me time and again that they would build tomorrow if the building fees were reduced to reasonable levels. And just this week I lost a sale on two vacant lots as the buyer, a contractor,  cancelled when they found out that it would cost them $100,000 in city fees before they even broke ground. That is the third lot sale lost in the last 6 months I personally had due to HIGH building fees.

Making something easier and cheaper for a producer to produce the product or service you want, would create an abundance of that product or service at a lower cost.

The Spec builder doing infill construction cannot compete with the large builders, many of whom get significant breaks and incentives from the city, and thus infill is greatly curtailed throughout Sacramento. If you are familiar with the valid economic concepts which anyone could obtain from an Econ 101 class, you would understand that making something easier and cheaper for a producer to produce the product or service you want, would create an abundance of that product or service at a lower cost. So far the actions of the State legislature and the city administrators has been to raise the costs for a producer of housing so high that they find it increasingly difficult if not impossible to produce new housing.

Of course that does not stop either august political body from taking out the whip of rent control and punishing landlords for the very shortage that our politicians helped create. Another disastrous move on the part of the economically illiterate that fail to understand human action. In the face of burgeoning rent control the vast majority of landlords quickly raised rents, many who I know personally had not raised rents in over 5 years, they then moved to raise them to the market rate. Of course these owners are tar brushed as horrible greedy people! “How dare they fight against their own debasement and immiseration?!” I have received numerous calls from rental owners over the last year and a half where they tell me that they are fully prepared to sell their rental properties in the face of further controls especially of the single family housing market. Many have already started selling. These homes are being sold to owner occupants, not investors. Each such sale takes one more rental out of the rental market. When all is said and done every movement toward more draconian rent control will see a drastic reduction in the number of rental houses available. If the new rent control initiative that is coming on the June ballot passes the present rental housing crunch we have today will soon be turned into a crisis by the uneconomic continuing political action of elected officials and those of the so called “housing” activists.

If our housing development departments were staffed and run by anyone with a valid economics background, or even common sense, our policies would be tremendously different. For starters they would immediately implement something like the following changes.

  1. An immediate rollback on all connection and permit fees for all spec builders for residential projects under $2 to $4 million to 2000 levels.
  2. An immediate moratorium for the requirement for a builder to provide sidewalks, curbs and gutters for all projects 4 units and under. Instead a mello roos type of fee can be implemented for such infrastructure to sunset in 10-20 years, turning this from an immediate upfront cost to one paid over time.
  3. A roll back on the requirement for solar power on all 4 unit and under projects. (As prices fall for solar this can be added later on by owners). This then lowers upfront building costs as well.

These are just a few suggestions, but anything and everything that can lower the cost and barriers to build new rental housing would greatly increase the amount of building said housing.
City Revenue Enhancement: A vacant lot has a greatly reduced property tax on it then an improved property. By making it easier to build residential properties, single to multiple units, the amount of property tax revenue the city would realize would increase almost exponentially. Typically the lots I help sell have a $400 yearly property tax on them and have been siting there for years, if not decades, just waiting for the right time and right buyer/owner to build upon them. Let’s look at a typical situation.

After constructing a $300,000 building upon a vacant lot that had a $400 a year property tax assessment the new tax assessment is about $3,750, an 837.5% increase in the tax base. If we add this windfall over 1,000 such properties we have a significant increase in revenue ($3,350 x 1,000=$3.35 million in new tax revenue). If we also add in the construction jobs, the support of building material suppliers etc. the benefit to the Sacramento region is enormous (Income tax, sales tax, payments to disability etc.) Giving even more incentives to builders of multiple units both benefits the city and the state and causes the rental prices to fall as the supply of rental properties increases.

Rent control and all such “austerity” measures are like whipping a starving horse because it won’t do the same amount of work after you have restricted its food supply. If you want a healthy horse you have to give it abundant healthy food and water. The economy is the same way, spur incentive and you will see the problems that we presently have disappear rather quickly, punish incentive and you will have a dramatically worse situation then we have right now- basically a dead horse.

I challenge the council to take up the ideas of how to achieve abundance of rental housing that I have raised and implement either a rollback, or a moratorium, on connection and permit fees to help spur construction of the very properties you say you wish to see built. The long term tax benefits to the city will greatly outweigh the short term connection fee losses.

Sincerely

Craig J. Townsend

Townsend Real Estate

Broker/Owner

 

 

 

Single Story For Sale in Churchill Downs, Sacramento

•  2004 sqft , 2 bath , 3 bdrm single story FOR SALE  USD389,887 . Spacious Churchill Downs home
MLS® 19065965

Desirable Churchill Downs Elliot Home features 3 bedrooms and 2 Bathrooms with a Large 3 car garage. Spacious 2004 sq feet of comfortable and modern living. Formal dining room, living room with laminate floors and gas fireplace, Large well appointed open kitchen with stainless steel appliances, upgraded granite counter tops. Dining/breakfast area off kitchen. Big Master bedroom has french doors leading out to back covered patio. Large attached Master bathroom featuring a tub, shower stall, walk in closet and dual sinks. Front bedroom is perfect for an office or in-law quarters. Open room concept with high vaulted ceilings grace this home. Quiet low maintenance back yard.

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What! The seller did not obtain a permit?!!!

Whom you use to buy your home is VERY important.

An acquaintance whose children just closed on their home just told me (unfortunately using another agent) that their “new roof” sprung a leak this last week. In doing research they found out that the seller did not obtain a permit for the new roof and they were given no contractor or warranty information from the seller.

So they called their agent asking for them to step in and help them and they said, “Our contractual partnership is over, I do not need to do any more work for you.” That agent “earned” (and I use that term very loosely) over a $10k commission but now cannot be bothered to help undue the damage that they actually caused by their negligence by not looking out for their buyer.

Sellers that are upgrading and renovating their properties without obtaining the proper permits is increasing and Buyers agents are not doing their fiduciary duty to protect their buyers.

Always demand a permit report!! I provide them free for every one of my buyers! If your agent doesn’t use permit reports have them ask the sellers to provide proof of permits and all warranties BEFORE you close escrow!

And listing agents, you need to start telling your sellers, If you do not obtain permits you will not receive full value for the upgrade.  asking a buyer to accept a big ticket item like a roof without any assurance that it was done properly is not a boon to the buyer but a huge risk now that roofs cost upwards of $15,000!

Craig J Townsend

Realtor

 

CA Legislators and Their Idiotic Love of Rent Control

It is a given that CA legislators are economically illiterate, but it is also a given that they have a severe animus against landlords and their property rights.  After all to a socialist a landlord is public enemy #1. But all of their steps toward destroying landlords property rights have disastrous unintended consequences that actually fuel the rental housing shortage. Let us take the recent move to pass a rent control initiative, a measure that was luckily voted down by the people. Just in the shadow of this disastrous measure and its possible passing the following happened.

  1. Landlords that hadn’t raised the rents in years all raised their rents. Why, they were facing a draconian process of having to ask for a rent increase from an unelected rent control board and then the increase would be tied to the CPI and limited to 2% a year. So if the rent on your property was $1,200 a month, you could only raise it $12, or a whopping $144 a year! Given the real inflation rate adding in all such items as energy and construction materials and the ever rising bevy of taxes, water,  sewer and garbage costs and you have the recipe for disaster. Anyone remember the Slumlord phenomena?
  2.  Many landlord only own one or two rental homes. Facing the possibility of more stringent  over regulation they decided to throw in the towel last year. Many of these investors sold their rental properties to first time home buyers, taking them off the rental market for good.  If the legislature continues on the road to seizing landlords property by patently fascist measures, this trickle will turn into a flood.
  3. Then there were the rent control radicals who wanted a $6,000 move out stipend that would have to be given to all tenants asked to leave by the landlord.  This of course can wipe out several years of any profits for them.

I fully expect that the Economic simpletons will wade confidently forward on Leviathan legs to misappropriate more  landlords property rights, so expect a tidal wave of landlords selling their homes in the near future.  If Realtors think that this will be a heyday for them, it won’t be for the homeowner.  One of my largest investors owns over 150 houses in one area of Sacramento. Imagine if he decided to sell all of his rentals at once? He would single handedly suppress housing prices in that area. Now imagine all of the other large and small investors joining him in getting rid of their rental properties before the illegal taking of it by the legislature goes into effect?

One can imagine what the homeless problem will be when the supply of rental housing drops by another 50% or more in CA. This is what is on the horizon and the idiots driving the short bus  to this devastation is the more left leaning Democrats in the CA legislature.  It is time for any remaining Blue Dog Democrats to stand up and fight for sanity and economic reality in CA.

This is probably why the legislature also put forward a measure recently that would allow tenants to take in homeless people for up to 12 months and landlords wouldn’t have any say about it. It doesn’t matter that this violates the rental/lease agreement, landlords would be forced by CA law to accept this untenable situation. It seems to be that the legislature is actually preparing for a dramatic increase in homelessness doesn’t it?

The only way to stop the rental housing shortage is to fast track building and the only way to do that is to significantly drop the price of  the  permit and connection fees that have doubled or even tripled over the last 10 years. I personally know many owners of vacant lots in Sacramento who would love to build single family and multi-family residences and they all tell me, “Craig, the permit and connection fees to build have become so high that I cannot build on my lot.”  Add on to these burgeoning costs the ever growing pile of requirements that all new builds must have and the cost to build new homes skyrocket. If you want to know why housing prices and thus rents in CA are so high, one needs only to look at the CA  legislature and Governor, better known as the inflationists and chief.

If Gruesome Newsom cant seem to find a mirror to see who is responsible for the high price of gas in CA, do not expect him to ever realize who is ultimately to blame for the high housing prices and the rental shortage and with a shortage of anything one always gets higher prices.

Shame on you AHS!!!

American Home Shield showed today that they do no understand the meaning of either taking responsibility or customer service.

My client had them send an air conditioning guy out to look at her unit and clean and inspect it. The unit was working fine, she just was worried about the summer hot temps coming up and it’s an older unit. The Tech told her it only needed to be cleaned especially the blower motor. After Cleaning the parts and putting them back he broke it. The next day they replaced that part and found out that the controller unit was broken as well, the tech “might have spilled water on it.” Because it is a very old unit they can’t find a replacement part.

Did AHS step up as they were the ones who hired the service provider and sent them out? Did they stand behind them? No, not in the least. They came back wanting my client to pay a little over $2,000 to fix a unit that was running perfectly fine before the ham handed service provider broke it. Here was their response;

“AHS is not responsible or liable for secondary, incidental, and/or consequential loss or damage resulting from the malfunction of any covered item, or a Service Contractor’s neglect or delay in providing, or failure to provide, repair or replacement of such item, including, but not limited to, food spoilage, loss of income, utility bills, additional living expenses, personal and/or property damage.”

And the rub of it is, is that if the unit had malfunctioned and gone caput on its own it would have been covered.

So AHS hides behind their contract and dodges their responsibilities all to save a buck.

Luckily the HVAC service provider stepped up and will replace the entire unit at no cost to my client. So I have to give Kuddos to South Placer Heating and Air. They do know the meaning of both taking responsibility and customer service!

When it comes time to help my clients choose a home warranty in the future, you know which one I will not be advising them to choose.

I suggest that all my fellow Realtors and brokers think twice as well.

Customer Service is King in real Estate, if you cannot or will not provide it, then there are a lot of other providers that will.

Single Story For Sale in Cordova Gardens, Rancho Cordova

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Cordova Gardens Charmer

•  1008 sqft , 1 bath , 3 bdrm single story FOR SALE  USD315,000 . Remodeled!
MLS® 19030633

Cordova Garden’s Charmer. This 3 Bedroom, 1 Bath home with a 2 car garage and RV pad has it all. Nice sized corner lot with large backyard. 1008 sq feet of remodeled luxury, New comp roof & dual pane windows, newly remodeled bathroom, newer kitchen with all new cabinets & granite counter top. Oven, fridge washer & dryer are part of sale. New laminate wood style floors, new interior paint throughout most of the interior. Across the street from Cordova Gardens Elementary, 4 minute walk to Hagan Community Park which has the great 4th of July Festival. Watch the fireworks from the backyard! There is just too much to mention about this home and the great area, you have to come and see it for yourself! (interior photos coming soon)

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