Profile picture for Heidi Marchesotti

Heidi Marchesotti

Premier Agent

Partner (16 years experience)

14 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Architecture

Advice

  • (26 Contributions,
  • 0 Best Answers,
  • 0 Helpful)

Contributions are sorted newest to oldest.

Can this site work to estimate values for Vacant lots?

Answer

The best source of information for vacant land or any other real estate, is a local Realtor.This site does not often reflect accurate values in Oakland neighborhoods.  It could potentially reflect accurate values in tract communities where all homes/land/amenities are the same. However, our area is so diverse in terms of housing and neighborhoods (even within the same zip code) that a computer cannot accurately calculate value - a perfect example is my recent sale at 6076 Manchester for $4.8million - vs. the home across the street that sold for $1.24million.  The difference?  Different lot sizes, view, finishes, age - all things a computer can not calculate value for.

  (0)
Good advice for buying vacant lots?

Answer

There are very few lots available for sale in Rockridge and Upper Rockridge.  Lots have come down significantly in value.  Like all real estate, a vacant lots value is in its location, location, location.  If you would like to discuss opportunities and risks associated with vacant land, please do not hesitate to call me or email me[websites deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]

  (0)
Property Tax

Answer

This home sold in 2008 for 1,375,000.  It is a 4 bedroom, 2 Bath home.  Public records indicate that the owner paid over $20,000 in taxes in 2009. This is in line with current tax rates. However, if you are age 55 or over, you are able to transfer your tax base when you move.  There are guidelines of course, and you should discuss this with your accountant, but as a general example, if you own your current home at a cost basis/ tax basis of $300,000 and you sell it for 700,000.  You may buy a home for up to 110% of the sales price (up to $770,000 in this example) and keep your tax basis of $300,000.Smart realtors can share other ways to work the numbers out to your advantage.[websites deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]

  (0)
Is this a 2 bedroom or 3 bedroom? The description says "3 bedrm"

Answer

The public records show this as a 2Bedroom, 1 Bath.  The listing showed it at a 2Bed, 2 Bath.  There is the potential to have a 3rd bedroom.  There is an additional, "bonus" room - they can not call it a bedroom because it does not have a closet.

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Why is this on the market for $2 million when the Zestimate is $824,000? Why the disparity?

Answer

The home at 342 Bonita in Piedmont is a landamark home.  While the list price of $2million is high, the zestmimate is ridiculously low.  It is difficult for zillow to properly estimate homes that are not in a tract housing community because it does not consider finishes, lot sizes or condition.  It is just a computer running numbers based on average price per square foot.  For help in valuing properties in communities like Berkeley, Piedmont, Rockridge, Upper Rockridge, Crocker Highlands and Montclair, it is important to seek the help of a local Realtor that understands the area and valuations there.  Good Luck[websites deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]

  (0)
Is this home still for sale?

Answer

This listing expired on 12/23/2009.  It is likely that it will come back on the market in the next few weeks. [websites deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]

  (0)
SOLD ???

Answer

Yes, that is correct - I have an interested buyer for this property if you are thinking of moving....

  (0)