It’s nice to take pause and see good things happening in the Sacramento real estate market. It’s not all bad news thankfully. Below are three houses on 37th Street in the Oak Park area that began construction several years back, but ended up going into foreclosure during the building process. These houses sat vacant for quite a while until they were purchased in January 2010 by an investor. All units have since been rehabbed throughout and are currently listed for sale. I snapped the half-built photo in October 2009 and the remodeled photo last week. 

This is a win for the neighborhood, don’t you think?  

If you have any real estate appraisal, consulting, or property tax appeal needs in the Greater Sacramento Region, contact me at 916.595.3735, by email, on our appraiser website or via Facebook. 

This house was a major Oak Park fixer, and it actually sold in 2010 for $5,000. No, I’m not kidding. This was the lowest sale in all of Sacramento County last year, and there was certainly a good reason for that. Have a look at the video below to catch a glimpse of images throughout the rehab process and a walkthrough of the finished product.

This property was rehabbed by Housing Group Fund under the umbrella of the Neighborhood Stabilization Program (NSP) through SHRA. I shot this video during an appraisal inspection, and I have full permission to share the video and information (otherwise I would not be sharing it). And no, I’m not asking blog readers to buy this house and I’m not marketing to you either. I simply want to share a video about a house we’ve talked about here on the blog a couple times already. 

What do you think?

If you have any real estate appraisal, valuation consulting, or property tax appeal needs, contact me at 916.595.3735, www.LundquistCompany.com or via Facebook.

In May I posted about a major bank-owned fixer in the Oak Park area of Sacramento. Well, round 2 of video is now here as I shot the following promo a couple days ago as I met Housing Group Fund at this 36th Street property to watch tressels be installed.

If you cannot see the video in your RSS or email, click HERE. Thanks for watching. What do you think?

I recorded the video with my Flip camera, and the cool thing is my client kicked down a little money for me to do a video for them this time around.

I just finished listening to a 15-minute interview with a Sacramento State professor, Dr. Robin Datel, and Capital Public Radio’s Jeffrey Callison. If you’re looking to understand a bit more about the Oak Park area of Sacramento or even take a walking tour, give it a listen. The interview begins at 13:50.

I plan to take this tour at some point. It could be fun to video tape the tour or photograph it. Anyone else interested?

Walking Tour Resources:
Center for Sacramento History Website
Oak Park Walking Tour Brochure (pdf)
Oak Park Walking Tour Map (pdf)
Images of Oak Park Walking Tour on Flickr

What do you get when a builder runs out of money in the current economy, but is only half-way finished with a house? Answer: Probably a foreclosure. This was certainly the case with three 2,222 square foot 4/2.5 properties on the corner of 37th Street and 12th Avenue in the Oak Park Area of Sacramento. 

I am very pleased to see these foreclosures were purchased earlier this year in a bundle deal by the same buyer for $35,000 each, and they are currently being rehabbed. When I think of an area improving, this appears to be a win because improvement happens one house at a time, doesn’t it?

I recently inspected a bank-owned huge fixer of a house in the Oak Park area of Sacramento, and I put together a one-minute video below (or HERE) for you to experience a bit of what I saw. This house sold for less than $20,000.

By the way, I do have the full blessing of my client to use images of this house they purchased. I would never violate my client’s confidentiality by posting pictures or sharing information like this without the absolute blessing of a client. Thank you also to Bill Cobb for the music. Let me know what you think.

I inspected a property in Oak Park yesterday, and while on the road I snapped a shot of the now vacant “Starbucks building” on Broadway. It’s been just about two weeks since the Oak Park Starbucks shut its doors. I know it can be popular in some circles to hate Starbucks, but this one felt a little different because it was connected to an exciting commercial renovation project for the community. Now it’s just another vacant building, one among many, in the current real estate market.

Businesses starting and failing is a part of the cycle of capitalism, and that’s just life, but let’s hope for great things for the next company that moves in on this corner. If you are familiar with this project, how does the image above strike you? Does it make you sad? Or are you full of optimism for what is next? Feel free to comment above.

www.SacramentoAppraialBlog.com Photos from the Field: Oak Park Vacant “Starbucks Building”