Wanna Run A Ghost Town?

Did the Pleasanton Cattle Drive inspire you to move to a home on the range?

Have $925,000 to spend? Why settle for a measly home, when you could have an entire town! Cerro Gordo, or “fat hill”, is situated on 300+ acres of patented mining claims south of the Sierra Nevada with nearly 22 structures including a hotel, church, bunkhouse, and superintendent’s house.

Source: Nolan Nitschke

The history of the town is something out of a wild west film. Built after the discovery of silver in 1865, the average crime rate was a murder a week! According to the town’s website, they became the largest producer of silver and lead in California and contributed to Los Angeles’ growth and economic development.

Because of its unique history and having been in the family for decades, what happens to the property is important to the sellers. They’ve protected it from looters, diggers, and natural disasters.  Interested buyers have pitched an amusement park and a marijuana town, but the sellers are more interested in someone preserving its story.

If you know California real estate, $925,000 is low for a house, let alone a whole town! Don’t let the old mining ghosts spook you, get to bidding on this piece of California history!

Click here for listing information

More information on the history of Cerro Gordo here

To find it on a map click here

Marketing and selling high-end Luxury Homes in the Tri Valley is what we do best, but on this real estate journey, it’s all about the people we meet on the way, connecting them to each other and the places they call HOME.

Luxes most wanted!

10 Must-Have Items That Luxury Home Buyers Want Most

Shelly Little | Freshomes.com | May 30, 2014 | link

The epitome of a luxurious home is not just a well-appointed home. Rather, a luxurious home is one whose amenities allow for the owner to feel lavished upon or spoiled. Think royalty; Think opulence; Think extreme extravagance.

The word luxury brings to mind plenty of conveniences such as, pools, saunas, in-home gyms, backyard tennis courts, game rooms, and fully-stocked kitchens ̶ but what are the items that luxury home buyers want the most?  What is a luxury homebuyer looking for when shopping for their new abode?

Here are 10 ideas listed in order of popularity that we think may intrigue even the wealthiest of home shoppers (or if you’re not among the jet-set, then here are 10 lavish home ideas that you can attempt to replicate on a much lower scale and less affluent budget).

1.  A Home Where Character Counts – Open Floor Plans Triumph

A home is not luxurious unless it has a grand entryway with a large two-story staircase and an expansive, airy open floor plan.  In fact, an open floor plan is the number one criteria cited in a 2013  luxury home survey done by Coldwell Banker .

grand entryway 10 Must Have Items That Luxury Home Buyers Want Most

2.  Technology

We cannot shy away from the ever-increasing swarm of technological innovations. Today’s homeowners want it all when it comes to technology, and the builders that cater to this tech-trend are the ones who stay at the top of the real estate market.

Literally, with a touch of a button on your iPhone you can now lock your doors, control your homes climate, control lights and control your alarm system ̶ all from the other side of the country! These are the built-in features that today’s luxury homebuyers are looking for.

Builders who install these wireless home automation devices are spot-on with the trends that luxury homebuyers want. On the opposite end of the technology spectrum is a growing trend for reclaimed materials. Homeowners are increasingly becoming aware of their environmental imprint and are looking for homes that use old reclaimed materials such as wood beams, wood flooring and doors.

smart home 10 Must Have Items That Luxury Home Buyers Want Most

3.  Fully-Stocked Kitchen with Warming Draws and Wine Cellar

Ah the kitchen, the heart of the home. Opulent living requires a magnificent kitchen. Forbes Magazine cites that an appliance-lined, commercial-grade kitchen is a necessity when it comes to a million dollar home.  An affluent kitchen will always contain warming draws, wine fridges, restaurant quality appliances, and plenty of storage via a walk-in pantry.

Read more…

Spendy properties supporting the recovery.

Pricier Properties Lead the Recovery

Steve Cook | Real Estate Economy Watch |  Mon, October 28, 2013 | link

More than 11% of homes sold over the past 12 months had a sales price over $500,000, sales growth was highest among homes in above-median-priced categories not entry level starter homes according to a new analysis by an economist at the National Association of Realtors.

 

In spite of the price variation by region, when summed to the regional level the median sales price for all regions of the US except the West falls into the $100,000 to $250,000 price range. The median price is the point at which the middle-priced home sold. By definition, half of homes in an area sold at a higher price and half of homes sold at a lower price than the median, according to Danielle Hale, a research economist at NAR.

Roughly a fifth of homes sold for less than $100,000 a year ago and that share shrank in September 2013 to 17.4 percent. One year ago, homes sold at $500,000 or more were roughly 10 percent of the market; they now comprise more than 11 percent of recently sold homes, Hale wrote in a post on NAR’s site.

Read more…