Tuesday Morgan Hill Intero Real Estate Tour
Date: Tuesday January 27, 2009Posted in: real estate, Morgan Hill, Gilroy, listings, interest rates, Intero Real Estate
Our weekly office meeting and new listing tour began with a few words about changes to RESPA (Real Estate Settlement and Procedures Act - I see your eyes blurring already), and a discussion of current mortgage rates as of that moment. The quoted rate for a 30 year fixed, $417k or less conforming loan is 4.875%/5.060 APR, for a 30 year fixed, $417k-$625,500 loan is 5.625%/5.798 APR and for a 30 year fixed, $625,500-$3M loan is 5.75%/5.878 APR. These are for loans with a 1 point discount fee paid at closing and that are owner occupied with a 20% down payment and a 720 credit score. Rates are fluctuating hourly and vary from vendor to vendor.
There were four new office listings on our tour this morning. A stand-out listing is a newly constructed, single story home near the corner of Edmundson and De Witt Avenues in Morgan Hill.
1025 W. Edmundson Avenue, Morgan Hill is a marvelously laid-out 5,600 sq.ft. home with five bedrooms and 6 1/2 bathrooms on a 4 acre lot. There is a feeling of roominess and comfort in this bright and open floorplan. The unique creekside setting adds a lot to the lovely setting. This home is priced at $2,495,000. There is an easement for the Santa Teresa Extension to be built nearby, but I predict this won’t be built for many years in the future, if at all.
Other office listings toured this morning were 1600 W. Edmundson Avenue, Morgan Hill ($1,899,250), 9215 Vista Del Monte Court, Gilroy ($1,350,000) and 17408 Blue Jay Drive, Morgan Hill ($799,999).
For information or a showing of these or any other listings, please contact me at GMerrick@InteroRealEstate.com or 408-892-9015.
Tuesday Morgan Hill Intero Real Estate Tour
Date: Tuesday January 20, 2009Posted in: real estate, Morgan Hill, housing market, Intero Real Estate
Our regular office meeting/new office listings tour took place this morning. The meeting portion was very informative with a guest speaker discussing the current state of acquiring a loan modification. He claims to have a 90% success rate in obtaining a loan modification for those who pass his initial filtering criteria. A description of that criteria is to be forthcoming via an email from the speaker, and when I receive it, I will share it with you.
After our meeting we all toured the two new real estate listings featured this morning. The first new listing is located at 2420 Fountain Oaks Drive in Morgan Hill. This is a 1,382 sq.ft. 3 bedroom/2bathroom home on a 6,970 sq.ft. lot. This home is aggressively priced at $525,000.
This home has a lot of unique features to offer such as an artist’s studio in the backyard and a complete separate kitchen inside (the sellers were caterers). Both kitchens have granite countertops. All bathrooms have been remodeled.
The second home on tour, 16595 Rustling Oak Lane in Morgan Hill, is a listing of mine. This beautifully remodeled home is priced at $899,000 and is located in the Jackson Oaks Homeowners Association (annual dues = $375).
This is a 2700 sq.ft. home with 4 bedrooms and 3 bathrooms on a 16,117 sq.ft. lot. There are many unique, striking features to this home in a addition to a lovely remodeled kitchen and great room with gorgeous views of the valley and mountains beyond. I will write an additional post on this real estate listing soon.
Tuesday Morgan Hill Intero Real Estate Tour
Date: Tuesday December 9, 2008Posted in: real estate, Morgan Hill, listings, Intero Real Estate
This morning’s office tour visited two Morgan Hill homes. The first home is one that I featured in my Wednesday SCRA tour highlights last week located at 19085 Eagle View Drive in Coyote Estates. See my previous Wednesday post for details on this well-priced single story home.
We also toured a gorgeous, 2-year old home at 1524 Painted Feather Court located in the Alicante development off of Cochrane Road.
This 4875 sq.ft. home holds 4 bedrooms, 3.5 bathrooms plus an office with built-in bookshelving. All rooms surround an interior courtyard that features an outdoor fireplace. The home is situated on a 1/2 acre lot with a large pool and spa. The home originally came on the market priced at $1,849,000 in January, 2008 and has continued to drop in price. As of yesterday, it is priced at $1,399,000 and is a short sale at this price.
If you would like a showing or further details, please contact me.
Intero Takes Santa Clara County
Date: Thursday October 23, 2008Posted in: Uncategorized, real estate market, real estate, Santa Clara County, Morgan Hill, statistics, Intero Real Estate, market share
I work at the very first Intero Real Estate Services office to open back in 2002. Before this office opened, many of us had worked together previously in Morgan Hill, and so we all moved in together into what was a thriving office from day one. We opened the Morgan Hill branch of Intero on October 22, 2002.
There are now over 60 offices in several states and countries. And, in just 6 years of being in business, on October 22, 2008, there is a good possibility that we will arguably have #1 market share in Santa Clara County - The largest county in Northern California.
Our Intero office has always had the largest share of the real estate market in Morgan Hill. And soon we’ll be able to make the same claim about Santa Clara County. Click on the thumbnail graph below:
Italian Day - Morgan Hill Style!
Date: Tuesday October 21, 2008Posted in: Morgan Hill, Intero Real Estate
Morgan Hill is full of people with Italian ancestry, and several of them work in our office. Today we celebrated our 14th annual Italian Day at the office. Gino Blefari, Intero’s founder, president and CEO, visited along with several branch managers and vice presidents. We had such stomach stretching delights as homemade meatballs, lasagne, cannelloni, and biscotti served along with local Guglielmo wines. For entertainment there was ring tossing to win bottles of champagne and, of course, the infamous olive pit spitting contest!
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