Tag Archives: Jeni Pfeiffer

July 2019 SANTA CLARA COUNTY STATS

By: Jeni Pfeiffer, Associate Broker, Realtor®

The Bay Area Real Estate currently has 2,126 ACTIVE Status units (available for sale) in the Santa Clara County. July 2019 recorded 1,238 Single Family, Condo and Town Home SALES ranging from $11,080,000 (543 Seale Avenue, Palo Alto 94301) to $330,000 (247 N Capitol Avenue,#227, San Jose 95127) with 26 Average DOM. The average price was $1,385,492 with 50% of the Sales selling between $700,000 – $1,300,000. Properties priced 10 – 15% below the height of 2018 prices are now selling. Over-priced properties are lingering on the market. Low mortgage interest rates, currently in the 3% range, are favoring Buyers.

1031 Tax Deferred Exchange?

By: Jeni Pfeiffer, Associate Broker, Realtor®

Do you have a rental property and wish to sell it without paying hefty capital gains tax? Are you considering purchasing property that would generate a higher net income? A 1031 Exchange is a powerful tax-deferment strategy used by some of the most financially successful investors. Why? As Bay Area real estate values have increased, many investors think that today is the optimal time to exchange properties for stronger cash flowing properties across the country. By: Jeni Pfeiffer, Associate Broker, Realtor®Do you have a rental property and wish to sell it without paying hefty capital gains tax? Are you considering purchasing property that would generate a higher net income? A 1031 Exchange is a powerful tax-deferment strategy used by some of the most financially successful investors. Why? As Bay Area real estate values have increased, many investors think that today is the optimal time to exchange properties for stronger cash flowing properties across the country.

By: Jeni Pfeiffer, Associate Broker, Realtor®Do you have a rental property and wish to sell it without paying hefty capital gains tax? Are you considering purchasing property that would generate a higher net income? A 1031 Exchange is a powerful tax-deferment strategy used by some of the most financially successful investors. Why? As Bay Area real estate values have increased, many investors think that today is the optimal time to exchange properties for stronger cash flowing properties across the country. By: Jeni Pfeiffer, Associate Broker, Realtor®Do you have a rental property and wish to sell it without paying hefty capital gains tax? Are you considering purchasing property that would generate a higher net income? A 1031 Exchange is a powerful tax-deferment strategy used by some of the most financially successful investors. Why? As Bay Area real estate values have increased, many investors think that today is the optimal time to exchange properties for stronger cash flowing properties across the country.

A 1031 Exchange allows an investor to “defer” paying capital gains taxes on an investment property when it is sold, as long another “like-kind property” is purchased with the profit gained by the sale of the first property. There are rules and timelines to follow, and working with an agent who is experienced and can connect you with resources outside of the Bay Area will provide successful investments. Contact me to learn how you can defer capital gains on the sale of an income property. 

Staged Homes Sell Quicker

Home staging is key to attracting home shoppers, an maybe even more so in an era where consumers are used to watching TV home-makeover shows. 83% of buyers’ agents say staging a home makes it easier for buyers to visualize a property as their future home. 44% of buyers’ agents say staging a home increases its value.

Cleaner appearance, Buyers envision themselves if staged homes are done well.

OPEN HOUSE Sat/Sun 2:00-4:00pm STUNNING Lakewood Village Sunnyvale Townhome

Come visit 611 Lakehaven Terrace Sunnyvale OPEN HOUSE Sat/Sun 2:00-4:00pm. This AWESOME Stylish 2 Bedroom/1.5 Bath Townhome is offered for Sale at $998,000. AWESOME Stylish TOWNHOME in Sunnyvale’s Growth Epicenter*Close to Moffett Park ll w/Google, Facebook and Amazon coming soon. CLICK HERE for the property website.

Open Living Room_Beautiful Plank Flooring_Photo Courtesy Jeni Pfeiffer

Open Living Room_Beautiful Plank Flooring_Photo Courtesy Jeni Pfeiffer

HUGE Living Room w/ Recessed Lights and BEAUTIFUL VIEWS, Great for Entertaining*NEW Stylish Grey Ash Plank Flooring*Separate Dining Area w/Stunning Chandelier Continue reading

OPEN HOUSE Sat 1:00-4:00pm GORGEOUS ENGLISH ESTATES HOME near new Apple Campus

OPEN HOUSE Sat 1:00-4:00pm – COME VISIT this GORGEOUS Turn-key English Estates Home located in West San Jose at the Saratoga Border. AWESOME Country Lane Elementary School and close to the new Apple Campus! This is an original Leep Buidling Home, known for quality building with hardwood floors, open floorplans, sliders from the Master Bedroom to the Redwood Patio Deck, and more! Asking $1,788,000  CLICK HERE for the website.

GORGEOUS ENGLISH ESTATES Home in Country Lane Elementary School District. Photo Courtesy Jeni Pfeiffer

GORGEOUS ENGLISH ESTATES Home in Country Lane Elementary School District

OVER $100,000 + INVESTED for IMPROVEMENTS*OUTSTANDING Custom Retrofits & Remodeling includes ENERGY EFFICIENT Green Upgrades resulting in a COMFORTABLE Living Environment w/Reduced PG&E Bills. Continue reading

AWESOME North San Jose CONDO FOR SALE 1850 Tradan Drive ASKING $555,000

1850 Tradan Drive SJ ASKING -$555,000 – COMMUTER DREAM LOCATION (at Cropley VTA Light Rail Station and Milpitas BART). EXCELLENT 10/10 Elementary SCHOOL too! Hurry . . this won’t last !! www.1850tradan.com

LIGHT, BRIGHT KITCHEN. Photo Courtesy Jeni Pfeiffer

LIGHT, BRIGHT KITCHEN. Photo Courtesy Jeni Pfeiffer

STUNNING CONDO in North San Jose*Absolutely GORGEOUS Light & Bright Kitchen w/Frosted Glass Doors*Large Center Island w/Breakfast Bar*Great for Entertaining*New Carpet Throughout w/Plush Pad*Freshly Painted Interior Designer Color*2 Master Suites w/updated Bathroom Cabinetry & BEAUTIFUL Corian Counters*New Bathroom Tile Floor*Living Room Fireplace w/Mantel*Central A/C*Indoor Washer/Dryer Included*Slider Leading to Private Balcony*Storage Closet*One Assigned Carport*EXCELLENT Northwood Elementary (GreatSchools 10)*Community Pool/Spa*Low HOA dues*5 min. to Cataldi Park w/Tennis Courts*Near Sierra Vista Open Space Preserve & Alum Rock Park with miles of trails*Convenient shopping (Sprouts, Costco) & freeways (280/680, 880,101)*Close to upcoming BART*This Won’t Last – GO NOW! Continue reading

AMAZING Downtown San Jose OPEN HOUSE Sat/Sun 2:00-4:00pm

This Amazing Home is a 10++++ Gorgeous, 8-yr newer construction, spacious and has a high walk score of 85. Minutes from proposed Google Village. OPEN HOUSE Sat/Sun July 8 and July 9th from 2:00-4:00pm.

CLICK HERE for the MLS listing.

814 S 2nd Street, San Jose, Courtesy Jeni Pfeiffer Legacy Real Estate

814 S 2nd Street, San Jose, Courtesy Jeni Pfeiffer Legacy Real Estate

PRIME Location*Victorian GEM w/Steep Gabled Roof & Cornice Molding*8 yr. New Construction*Walk 2 Blocks to SoFA*Soaring 10 ft Ceilings with Crown Molding & Exquisite Design*Chefs Kitchen w/Bertazzoni 36 Inch Pro-Style Gas Range, White Shaker Stacked Cabinets, S/S Appliances, Pantry, Granite Counters, includes Refrigerator, Washer/Dryer*Recessed Lighting, Wood Floors & Ceiling Fans Throughout*Living Room features Bay Window & Gas Fireplace*Master Bedroom has Deep Walk-In Closet & Barn Doors to Spa-Like Bathroom w/Dual-Vanity Sinks, Tile Floor, Rain Showerhead, Heavy Glass Shower Doors, Deep Soaking Tub, Granite Counters & Oil Rubbed Bronze Fixtures*Dual Pane Windows*5 Skylights*A/C*Brick Patio for Entertaining* 2-Car Spaces in Secured Garage*Smartphone-enabled KEVO door lock*Nest Cam Security*Google Lights*Buyers – Visit to Enter Drawing for Autographed Football by owner/NFL Player COREY LEMONIER*Minutes from new Google Office Campus by Diridon Station,SAP Center, SJSU, San Pedro Square, Tech Museum, Parks, Restaurants, Theaters, Galleries, Nightlife, SJ Airport. Easy access to F-ways 280 & 87.

CONTACT: Agent Jeni Pfeiffer, Associate Broker, Realtor®, Legacy Real Estate 408-813-4256

Mortgage Rate HIKES post 2016 ELECTION

Courtesy Tony Guaraldi

In short it’s been a blood bath in the bond markets, and last week we said our best guess was that there would be additional losses in bonds this week and that came true unfortunately.  A look at the 2 year chart of Mortgage Bonds tells the story.  With a quick glance you can see that bond prices were at a 2 year high in late September and are now near the 2 year low with the biggest losses coming in the past week and a half.

Bond Market Graph_Nov. 18, 2016

Bond Market Graph_Nov. 18, 2016

Such a sharp movement in mortgage rates is in a short period of time is not unprecedented but it is extremely rare, and I can’t remember ever seeing rates move that much in under 2 weeks.  At this point we’re hoping the floor at 102.719 holds which is where pricing stopped today.  But the concern is the 10 year Treasury yield is still rising again today and that will likely continue to put pressure on mortgage bond pricing.  I don’t have any predictions for next week as we’re feeling 50/50 on the direction of rates in the near term so with all the volatility the safe play is to continue to have a locking basis. Continue reading

Iconic EICHLER in Rose Glen with Green Features and Upgrades

This wonderful mid-century modern green home, built by Joseph Eichler, in 1953, is located in the first Rose Glen San Jose housing tract called “Morepark” that Eichler developed.

Eichler Home with Green Upgrades_Courtesy Jeni Pfeiffer

Eichler Home with Green Upgrades_Courtesy Jeni Pfeiffer

Those drawn to the Bauhaus design and mid-century modern homes quickly become stark-raving fans of Eichler Homes. Between 1949 and 1966, Joseph Eichler built over 11,000 homes in California, known as Eichlers, and became one of the nation’s most influential builders of modern homes.

Visit https://841menker.com/ for property information.

Eichler homes are from a branch of Modernist architecture that has come to be known as “California Modern,” and and typically feature glass walls, post and beam construction, and open floorplans in a style indebted to Frank Lloyd Wright and Mies van der Rohe. One of Eichler’s signature concepts was to “Bring the Outside In,” achieved via floor-to-ceiling glass windows looking out on protected and private outdoor rooms. The Eichler trademark interior is beautiful Lauan mahogany panel walls, with an open modern floor plan.

Continue reading