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.

Agents are owners too!

Do Most Real Estate Agents Own Their Own Homes? Yes!

Jed Kolko | Huffington Post | January 14, 2014 | link

 

If you want your real estate agent to be able to speak from personal experience, you’re in luck. We discovered that the vast majority of agents – almost 85% – are homeowners rather than renters. That means they do, in fact, practice what they preach. Of course, there are lots of other things to consider when choosing a real estate agent (start with these questions and look through the Trulia Agent Directory), but if you want an agent who walks the walk, it’s not hard to find one.

To discover whether real estate professionals are especially committed to homeownership, we calculated homeownership rates by occupation using Census data from 2007-2012. We then adjusted for demographics, income, and location to determine whether real estate professionals are more likely to own their home compared to other people with similar attributes in a similar neighborhood. (See note for details on methodology.) Here’s what we found.

Real Estate Pros More Likely to Own
Let’s start with real estate agents. The homeownership rate for “real estate brokers and sales agents,” as the Census calls them, is 84.9%. That’s much higher than the homeownership rate for people in all occupations combined, which is 70.1% (see note for why this is higher than the published homeownership rate). Part of this gap is explained by the fact that real estate agents tend to be older, and homeownership tends to increase with age. But this chart shows that homeownership among real estate agents is higher than national norms even within age groups:

Trulia_AgentHomeownership_AllAges_Chart

Read more…