I represented the seller, a blog reader:
Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
I represented the seller, a blog reader:
I love those handscraped HW floors. Any thoughts on whether travertine is more “high class” than that wood?
I imagine the sellers owned the condo outright in order to provide the seller financing?I guess those situations are out there but it seems like most people have a mortgage on their house when they go to sell.
Are many existing loans out there assumable anymore?
seems like that interest number equated to about a 5.5% interest rate (i/o 5 yr balloon). Better than a CD and pretty generous/fair rate on a private note by the buyer.
Smart move on their part since they didn’t seem to need the liquid capital.
Are they the original owners? IF so, recall what the original price was in 96/97?
Jeeman – I think the distressed wood would work great with your particular home vs the travertine.
The pre-distressed engineered woods are exceptional these days. No need to get the old fashioned inch thick hardwood floors.
ps: Jeeman, in our RSF product we always considered the wood a higher end choice vs travertine.
Big money for a condo. Who would have ever guessed Canadians would buy up all our properties.
I agree about the wood preferred vs travertine.
Travertine has a more formal, museum-like look – where hardwoods can range from stately-looking to casual/friendly.
I’m going to visit my friends at: http://oceanside.abbeycarpet.com/default.aspx
and see if we can get some examples on video.
Are they the original owners? IF so, recall what the original price was in 96/97?
It sold for $206,500 in 1996.
Seller paid $384,000 in 2001. (+86%)
Buyers paid $640,000 in 2010. (+67%)
Nice return for them.I wonder what the place was worth at the height of market?
I went to my friend’s house in La Jolla…$4M on LJ Scenic Drive. It was all light colored hand-scraped wood floors. It’s also going to not get freezing cold either, which is a plus.
I think the hand-scraped is a must. I think we are leaning stately-looking wood.
We have travatino in the kitchen, family room, all bathrooms, the immediate entrance, the laundry room. We have cherry wood floors in my dads office, the living and dining room, the bedrooms…basically everywhere else. Our floors are lighter in apperance and not one shade….I think they’re pretty cool. The only carpet we babe is the upstairs loft and guest bedroom and that carpet is nice.
And the general rule of thumb is to never have more than 2 types of flooring in a house, correct? I saw that in a previous JtR video.
Agreed with you on #12…
Never want to SEE more than two types of flooring at a time.
A marble entry, hardwood main areas, and carpet in bedrooms works OK because they are spread apart.
I think my house is violating that rule. Tile and hardwood downstairs, but carpet on the stairs. I didn’t really want hard flooring for the stairs, and I wanted tile for the entryway and kitchen.
You don’t see the carpet anyway because nobody goes upstairs. But the stairs are wood also. Personally, I don’t like that type of wood. I like it smooth.
Well,
We have 5 in total, but it’s 3300 sq ft single story 60’s vintage. There is only one spot in the house where you can see more than 2 types, though; more or less.
I think it looks fine, and frankly, you have to exclude bathrooms when talking 2 in total for the house. I’m not putting wood in a bathroom, and not carpet… so…
chuck
Chuck