Today’s tour provided two winners, one in Lafayette, and one in Moraga. Lafayette gives us 670 Jennie Ct. Moraga’s winner is 205 Fernwood.
Let’s first take a closer look at 670 Jennie Ct. This Lafayette property is a 4 bedroom and 2 bathroom house sitting on a 12,000 square foot (.28 acre) lot. For being a down-slope lot, the owners have really maximized the usable area, and it looks nice. The interior is very clean, modern, and well lit. The downside to this property is the street. The street itself is pretty roughed up from the unstable soils in the area, so you can expect the house to get some of the same effect. The other downside is this house is the nicest on the street. As a real estate investment, you would like to get the worst house on the best street. That being said, this is a very nice house that will probably sell pretty fast, due to it’s cuteness. The asking price is $1,179,000 or $553 per square foot.
205 Fernwood Drive in Moraga is a 4 bedroom and 2 1/2 bathroom house with 2,877 square feet. The interior is clean with a polished look, but needs updating throughout, despite what is written in the remarks section of the listing. The real value here is the lot, specifically, the back-yard. The lot is .45 acres (19,995 square feet) of flat land. The list price is $1,249,000 or $434 per square foot.
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