August 2015

Found 13 blog entries for August 2015.

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Congratulations to our buyer that just closed escrow on a great condo in Oakland's Jingletown area for the awesome value of $300,000!

This 1 bedroom (plus den) condo was built in 2005 and is 806 square feet. It features a nicely appointed kitchen, spacious closets and a balcony overlooking this hip, artsy neighborhood that is part of Oakland's Fruitvale District.

The location is only 1 block from the Oakland Estuary and the Bay Trail, and just minutes from BART as well as shopping in Fruitvale and Alameda.

If you're looking to purchase your next home here in Oakland, please don't hesitate to reach out anytime. We'd love to help!

 

MATT VANCE, Realtor

East Bay Modern Real Estate

510.604.8000 | Matt@EastBayModern.com

AND

PETER ASHBAUGH, 

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Matt and I receive daily inquiries from people living in San Francisco who are starting to consider purchasing across the Bay in Oakland.  Some potential buyers have a mix of curiosity and nervousness when considering Oakland and they count on us to share our candid feedback about their needs, circumstances, and the types of properties that fit their wish lists. Matt and I live in and love Oakland so we're always sharing about our experiences.

Something for Everyone in Oakland 

Recently, Dwell just featured 5 Modern Homes in Oakland on their blog. We loved the slideshow and showcase of eco-friendly materials, the charm of the updated Victorian, and the aesthetic of the modern homes.

Find the Right Neighborhood

For the historians among us,

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Congratulations to our buyers that just closed escrow on a great loft at 1201 Pine St., #132 in West Oakland for $460,000!

This 1 bedroom, 1.5 bath condo is on the 1st and 2nd floors and faces a lush courtyard area. Built in 2009, it still looks like a brand new home! The lower level features an open layout and patio, and the upper level features a huge master suite with an office area.

This unit is located in the Pacific Cannery Lofts, a great community located in the hip West Oakland area, and provides easy access to shopping, restaurants, and transportation. 

If you're looking to buy your next home in Oakland, please allow my teammate Peter Ashbaugh and me to help. We live in and love Oakland and would be happy to show you around!

MATT

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Are you an Oakland resident that wants to learn more about all the varied neighborhoods in our city? Or perhaps you're considering a move to Oakland and want to familiarize yourself with the area?

Be sure to check out the walking tours hosted by the Oakland Heritage Alliance. These tours are held throughout the summer and are each focused on a specific part of Oakland. Tours range from $10-$25 in cost, and are designed to be as manageable as possible and to avoid steep hills.

 

There are three remaining tours for this summer, which are as follows:

Saturday, August 29th at 10 AM - Laurel District Tour: This tour explores the Laurel District and it's history as the center of Oakland's dairy industry. 

Sunday,

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In these days of seller’s market, many buyers who have not won any offer submissions might feel “buyers fatigue.”  But don’t fear, statistics show most buyers will have to submit a minimum of 5-10 offers to finally win the bid.

 

Here are some tips for getting your offer accepted:

 

1.     Have a good pre-qualification letter from a respected lender

2.     Provide ample proof of funds for down payment and closing costs.

3.     Expect to offer a minimum of 15-25% over the asking price, it’s just the way it is with an ever growing market…under value list price can generate higher offers.

4.     Write a good cover letter with not only a little biography info but focus on how much you love the home and the area where it’s located

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Matt and I are so excited for our first time buyers who fell in love with a beautiful condo in Emeryville. 

This one bedroom, one bath unit has 743 square feet and a very large outdoor patio that is just perfect for outdoor entertaining. They freeway access, proximity to restaurants and shopping, and 15 minute Bart ride into the city make this a fantastic choice.

Need help finding your next condo in the East Bay? 

Matt and I work as a team for East Bay Modern and would be happy to support you.  We live, work, and play throughout the East Bay and love helping our clients connect with the best neighborhood for them to call home.  We're passionate about design, impeccably organized, and fiercely advocate for our clients.

Matt Vance,

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We all have our favorite grocery stores. And what does this have to do with home values? Well, the stats are in. A Realty Trac study on zip codes with homes with Whole Food's and Trader Joe's report the following:

Homes near a Trader Joe’s have seen an average 40 percent increase in home value since they purchased. This is 6 percent more than the appreciation for near a Whole Foods.  Keep in mind, that higher home values will also increase property taxes.

 

Trader Joes in the Early Days                 whole-foods_400
 

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Congratulations to my buyer that just closed escrow on 953 40th St. in Oakland for $550,000!

This 2 bedroom, 1.5 bath townhome is located in the hip Longfellow neighborhood, and is just a few blocks from Emeryville shopping as well as the MacArthur BART station. The building was completely gutted and renovated, so this was like buying brand new construction!

The townhome was laid out across 1,098 square feet and featured a bright, open layout, a detached garage, and a private backyard. My client was the winning buyer after a lot of competition -- it received 16 total offers! While the condo conversion process with the city made this escrow a little longer than most, it was well worth it.

If you're looking to purchase in Oakland or

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Yes it’s true. Believe it or not, you can own a newly remodeled condominium with ocean views and just 15 miles outside of San Francisco for between $250,000-$300,000. The development known as The Shores, located in Richmond’s relatively unknown waterfront community of Marina Bay has announced that they will be releasing several hundred newly remodeled units for sale over the next couple of years. A developer had originally purchased many of these units before 2008, when they were selling for an average of $400,000 a unit. When the real estate market took a turn for the worse, most of these units were converted to apartments and leased out. Only now, as a result of the improving real estate market, are these condos being offered back up for sale.

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I'm pleased to announce the sale of 46 Melvin Court, Oakland for $805,000.

Noted architect, Leon Meyer, designed this awesome round jewel known as the Nolan House in 1967 in the Oakland Hills neighborhood of Oakmore.  There are 2 bedrooms and 2 baths and a generous .31-acre usable lot with impressive views and literally everything in the house is round.  You can see both downtowns of San Francisco and Oakland from this property! 

I represented the buyer, who was initially selected as a backup offer in a very competitive offer pool with stiff competition, therefore we knew it was meant to be when I received the call for a 2nd chance!  The home is also pretty much in perfect preserved form and has been meticulously maintained over the years and my

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