Sacramento, CA Real Estate News

By Rob McQuade, Sacramento CA Real Estate
(Better Homes and Gardens Real Estate)
Man, sometimes I feel seriously uncool.Like when I found out that Midtown has a semi-secret underground--literally, it's usually in a basement--independent movie theater that has been showing truly offbeat stuff for, like, almost four months now. Okay, so maybe "theater" isn't the right word. Maybe "basement" or "alley" would be more accurate.Fortunately my sadness (I've already missed "Orwell Rolls in His Grave" and "Cocaine Cowboys") is quickly replacing itself with excitement at the revelation that there's a groovy new Friday evening thing that's just two block from my office and, at five bucks a pop, is cheaper than happy hour.Be sure to check out Movies on a Big Screen ›› with Shiny Object ›› and Fools Foundation ››. Movies are Friday nights at 7pm in the basement or alley of the F...
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By Rob McQuade, Sacramento CA Real Estate
(Better Homes and Gardens Real Estate)
SOLD! Residential and multi-family real estate closings in Sacramento's Central City and surrounding neighborhoods for the week ending January 12, 2007:$127,902 - 3Br, 1Ba home on 36th St in Oak Park (95820) - not an error$127,902 - 3Br, 1Ba home on 17th Ave in Oak Park (95820) - not an error$239,000 - 2Br, 1Ba home on 73rd St in Colonial Acres (95820)$244,900 - 3Br, 1Ba home on Cabrillo Way in Tallac Village (95820)$245,000 - 2Br, 1Ba home on 52nd St in Elmhurst (95817)$260,000 - 3Br, 2Ba home on 20th Ave in Colonial Manor (95820)$267,800 - 3Br, 2Ba home on 4th Ave in Oak Park (95817)$270,000 - 3Br, 1Ba home on 58th St in Tallac Village (95820)$315,000 - 2Br, 1Ba home on 18th St in Midtown (95814)$340,000 - 2Br, 1Ba home on 48th St in East Sac (95819)$425,000 - 2-3Br, 2Ba home on 51st ...
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By Rob McQuade, Sacramento CA Real Estate
(Better Homes and Gardens Real Estate)
I just caught a teaser before the news this evening: a local highrise development has halted construction in the face of unpaid bills and liens. John Saca has stopped construction--and apparently paying bills--for work done on the Towers site at 3rd & Capitol Mall.Current news stories:"Towers project on hold" ›› - The Sacramento Bee ›› (1/12/07)"Towers Project Construction Stopped" ›› - News10.net ›› (1/11/07)I'll keep posting updates and articles as they become available. ♦» You can visit the Towers website here ››.» As always, you can email Rob here.
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By Rob McQuade, Sacramento CA Real Estate
(Better Homes and Gardens Real Estate)
"Yes, there will be a neon sign.."by Rob McQuade, ABR, Sacramento REALTOR®Sacramento CA Real Estate"Yes, there will be a neon sign..." -Sacramento Mayor Heather Fargo speaking at the 2007 State of Downtown, on the City Council's Tuesday vote to contribute property and as much as $6.75M for redevelopment of the long-vacant Woolworth building at 10th & K downtown.From the 2007 State of DowntownMichael Ault, Executive Director of the Downtown Sacramento Partnership, reviewed the City's recent purchase of the final piece of the 700 block of K Street and the City Council's financial support of the transformation of the 10th & K property to include a venue for the California Musical Theater and new dining from Randy Paragary.Sacramento County Supervisor Roger Dickinson looked to the future: a...
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By Rob McQuade, Sacramento CA Real Estate
(Better Homes and Gardens Real Estate)
Giannoni and Partners Purchase Crystal Cream & Butter Co. Siteby Rob McQuade, ABR, Sacramento REALTOR®Sacramento CA Real EstateA reliable source--Sacramento Mayor Heather Fargo--announced this morning at the 2007 State of Downtown breakfast the purchase of the Crystal Cream & Butter Co. site at 10th & D near the railyards by Sacramento developer Anthony Giannoni and partners.Tony Giannoni is probably best known for several recent and current projects including Meridian Plaza at 14th & L, the Marriott and hotel condos nearing completion at 15th & L, and Meridian II to be built at 15th & K. He has been a vocal supporter of a downtown arena that would take up a portion of Downtown Plaza at 7th & K.No plans have been announced yet for the site at 10th & D.Update: Here is an aerial view of t...
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By Rob McQuade, Sacramento CA Real Estate
(Better Homes and Gardens Real Estate)
Released in September 2006, the City of Sacramento's Pedestrian Master Plan: Making Sacramento the Walking Capital was recently named the SACOG Salutes Project of the Year for 2006 by the Sacramento Area Council of Governments (SACOG) for outstanding and innovative efforts in the Sacramento region in the areas of transportation, smart growth planning and air quality.In it, the plan outlines ways in which pedestrian needs and walkability will be addressed at the planning stages for new projects and what can be done in existing neighborhoods to make these areas more pedestrian-friendly: wider sidewalks, better lighting, improved street-crossings.While this is a step in the right direction for the city, many neighborhoods were built out during the 1950s and '60s when the car was king. Litt...
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By Rob McQuade, Sacramento CA Real Estate
(Better Homes and Gardens Real Estate)
Have I mentioned how much I love Hands On Sacramento? The annual Martin Luther King Day of Service event is nearly upon us and volunteers are needed for 23 different project sites throughout the Sacramento area.What: Martin Luther King Day of Service 2007When: Monday, January 15, 2007 (MLK Holiday) 8/8:30am to noon with a celebration afterwardsWhere: Various LocationsThe organizations we'll be serving at this year's event include Habitat for Humanity, St. John's Shelter for Women & Children, the City of Sacramento, the Sacramento Area Community Garden Coalition, Sacramento Cottage Housing, Oak Park Preschool, and the Children's Receiving Home among many others. I'll be coordinating the Boys & Girls Club project downtown the morning of the event and hope to see you there.If you can't mak...
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By Rob McQuade, Sacramento CA Real Estate
(Better Homes and Gardens Real Estate)
Okay, so sometimes I feel like the last to know... Fortunately Luis in my office at McMartin Realty let me know about the Downtown Sacramento Partnership's Restaurant Week January 13th through the 19th!Some of downtown's finest restaurants are opening their doors next week to dinner-goers of all stripes looking for a chance to enjoy the works of Sacramento's finest chefs. Each restaurant has created a special three-course dinner menu--for just $30 per person. It's not often that we get to enjoy a full dinner at establishments like Esquire Grill, Restaurant 55º, Mason's, Spataro, Chops, or any of the other great restaurants on display for the week for less than the cost of drinks and appetizers.For more information about Dine Downtown or a chance to win a gift certificate to one of the r...
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By Rob McQuade, Sacramento CA Real Estate
(Better Homes and Gardens Real Estate)
This just in from Julie Sontag with the City of Sacramento:CITY OF SACRAMENTO PLANNING COMMISSION ANNOUNCES A PUBLIC HEARING FOR 500 CAPITOL MALL HIGH RISE PROJECTWho: The City of Sacramento announces a special public hearing for the proposed project at 500 Capitol Mall (APN: 006-0146-030).What: Angelo G. Tsakopoulos of Tsakopoulos Investments proposes to construct a 24-story, 396-foot tall high-rise building, consisting of 27,124 square feet of retail and restaurant space and 406,384 square feet of office, and a total of 794 parking spaces, for a total building area of 732,295 square feet in the Central Business District Special Planning District.Why: To provide the public an opportunity to present their comments to the PlanningCommission at a public hearing that will consider the proj...
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By Rob McQuade, Sacramento CA Real Estate
(Better Homes and Gardens Real Estate)
The US Department of Housing and Urban Development (HUD) has announced new loan limits for FHA-backed loans. Because of the high cost of home ownersihp in Sacramento relative to the rest of the country (but still lower than most other major metro areas in California), Sacramento has been designated a "high cost" area and therefore qualifies for even higher FHA-backed loan limits.While FHA loans fell out of favor during the frenzy of the rising market, as the local housing market has slowed these loans will probably become more common again. These loans require a prospective borrower to meet certain down-payment requirements, but are generally easier to get for those with credit issues. Even so, income requirements exist and not all borrowers will qualify for the new maximums which are:$...
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By Thomas Pike
(Pike Real Estate Mortgage & Development)
                                                                                                            INVESTOR PROGRAMSPike Development, a Pike Corporation, has incredible investment opportunity programs to offer to our clients seeking guidance in real estate investing. Whether you are new to real estate, are a  seasoned investor, or are an investment company looking to expand your portfolio, we have an investment opportunity for you. Projects for our investors range from single family residential homes to commercial properties and small residential subdivisions throughout the country. Currently we offer (2) different investment opportunities for our investors: Program I - (6-12 month)18% FLAT INTEREST RATEOur investors receive an 18% annual return on their investment. Our contrac...
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By Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
(Riede Real Estate, Lic. 01310792)
Just can’t wait till 2007! Happy New Year! It will be a great year and one I am looking forward to. Be sure to click on the photo for my little dance bringing in the New Year for each of you! Thanks to Maureen Francis for the inspiration. Real Estate promises to be a great one for both Buyers and Sellers with prices that are affordable and obtainable in Sacramento County, El Dorado County and Placer County. There are some great homes out there just waiting. Let’s get started finding just the right home for YOU in your price range, buyers! And sellers, make your appointment with me so I can help stage your home for a quick sale. I love my job, I love my buyers and I love my sellers! It’s time to get started for 2007!!! Do you have any Resolutions for the New Year?  • Is there anyone you ...
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By Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
(Riede Real Estate, Lic. 01310792)
Investing in Real Estate as an Investor – Great idea but never to be taken lightly. There are some important factors that you need to consider before ever jumping in to the Big Girl’s game of investing. If you don’t know what you are doing or wish to admit it, be sure to be represented by an experienced Realtor who can help direct you, correctly. In order to show you how to invest, it’s important to view how NOT to invest. Once you gain that knowledge it will be easy to make the right choices. In a previous blog entitled Fraud in Real Estate I mentioned a young man who lives in Sacramento, Serin who got caught up in purchasing Real Estate property in order to flip which became a flop. After attending get rich quick seminars (you know the ones I'm talking about)...there on TV, written bo...
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By Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
(Riede Real Estate, Lic. 01310792)
 Pending SaleBuyers, want a newer home, built in 2004?Need 3 Bedrooms?How about 2 Full Baths?Yes, a tile roof, a Laundry Room  Brand new neutral carpet is a plusYou say you like tile flooring? Not a problem. Entry, Kitchen, Breakfast area, and Laundry Room all have 12 inch tile flooring.  How does $280,000 sound? Such a deal on this one This home is a steal and if you would like to know anything further, don't hesitate to call me at 916.417.2699 or check out the additional information and photos on my website. If this one is the perfect fit for you, I can certainly help you find just what you are looking for.  
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By Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
(Riede Real Estate, Lic. 01310792)
This is a very long post but jammed packed with good information for both home Buyers and Sellers. Fraud is rampant and each of you should read and be forewarned. I just can’t begin to state how important it is to have a quality, ethical Real Estate professional working on your behalf. My statement and montage of “Experience doesn’t cost…it PAYS” is never so evident as it is concerning the following information. When you hire me, you get honesty, experience and the job gets done right!Currently in Real Estate law, a Realtor/Real Estate Broker may take loan applications and seek out loans for buyers. Many of my colleagues do just that. I do not. It is my contention that this is a conflict of interest. I’m good at what I do because I spend 100% of my time doing Real Estate full time. If d...
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By Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
(Riede Real Estate, Lic. 01310792)
 RENTERS, NEW HOMEBUYERS...THIS IS FOR YOU!Did you ever wonder what the difference was between renting versus buying a home? To the left is a chart that tabulates just what happens between buying and renting in terms of savings. In other words, money in your pocket versus money out of your pocket. These two scenarios of buying and renting bring into perspective just what your savings could be. Each renter and future homebuyer can see just what the numbers indicate on both sides of the fence.  To read the remaining portion of this article be sure to go to Sacramento Real Estate Voice.  Bookmark this article:
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By Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
(Riede Real Estate, Lic. 01310792)
As a Broker and Realtor licensed in the State of California I am hereby, requesting that the good State of California begin to revamp their system for tracking predators especially those that are Realtors. Checking with finger printing only once when a Realtor first obtains their real estate license is not adequate. It must be done at a minimum of once per year. And in my opinion should be continually checked. In this age of automation, there is no excuse for the system to allow predators access to a homeowner's place of residence. Once a teacher has been labeled a predator, their license is removed and NEVER reinstated.I am taking a stand whether popular or not and hope that each Realtor takes his or her stand in the State that they received their license in as well. This is an importa...
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By Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
(Riede Real Estate, Lic. 01310792)
The Sacramento Real Estate Market report for resale in September continued to show the cool down that we have been experiencing for a year. The stats for September show that we are down by 6.7% from August and down 38.1% from a year ago.The median price for a home in Sacramento is for September is $363,000 which is down 5.7% compared to September of 2005. Listings went down 12.3% from August which suggests that many Sellers took  their homes off the market and to wait, rather than reduce their prices.The 6% drop in prices should not be considered anything but an adjustment since the economy is stable and interest rates are reasonable. Condominium listings were down 17.4% and closed sales were down 6.9% which is 36% below September 2005. The median price for a condo is $237,000 which is ...
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By Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
(Riede Real Estate, Lic. 01310792)
There was breaking news yesterday in the Sacramento Bee, local newspaper in the Business section where Builders nationwide met together discussing the Real Esatate Market. Builders are watching Sacramento and Washington D.C. since we were one of the first states to slip in the market and they feel that we will be one of the first to recover. It is felt that Sacramento is stabilizing or is very close to it, now.Speaking of the Real Estate market it is important to understand where you are, where you've been and where you are headed in order to make good quantitative decisions. The more knowledge you have, the better decisions, you make. In order to provide something for viewers to compare homes for sale, homes in pending and homes sold, I decided to break each City down since most people...
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By Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
(Riede Real Estate, Lic. 01310792)
Before moving to the Sacramento area from the Bay area, I remember hearing, "Cow Town", "Sac of Tomatoes". It was quite an adjustment coming from the Bay Area to Sacramento but over the years, I have seen a progressive change in the capitol of California. Sacramento is growing and the sky-line is changing Downtown. New high-rise buildings are being built which only means more jobs and a better economy. Some of the architects have plans for some pretty spectacular looking high-rise buildings that you could say are 'art forms'. The photo to the left where the 2 tallest buildings are is a reindition of how "The Towers" will change our sky-line . Architect, John Saca's 53 story towers will provide 750 new condos, a hotel, Fitness Center, Conference, Ball room, Swimming pool, Spa, Gourmet Re...
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