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Off Market Listing in Pelican Hill – $12,500, 000

Off Market Listing in Pelican Hill – $12,500, 000

There is a new off market listing in Pelican Hill area of Newport Beach that is sure to get your mouth watering.  The home is 9200 square feet on a 22k sf lot with incredible views.  We have more photos and information, but the asking price is $12,500,000.  If you are a buyer and interested to learn more, please give me a call. No agents.

The Newport Beach and Newport Coast areas continue to show rising prices.  Pelican Hills homes are spectacular and this one is no exception.

Off Market home in Menlo Park

Off Market home in Menlo Park

Ok, all my off market followers will find this home of great interest.  Off market properties are everywhere these days and you need a good agent who knows how to find them and get them for you.  I specialize in off market properties as I believe it shows we work hard for our clients and don’t just simply click on MLS listings to complete our work.  In this market, an agent needs to go much more than that to earn the commissions we do. So, I post them here on this blog or send them out via my twitter (twitter.com/luxuryreinsider) or Facebook (https://www.facebook.com/garykurtzluxuryrealestate).

Today’s off market is a wonder home in Menlo Park in the Allied Arts area.  It’s a 4 bedroom, 3.5 bath home that is 3,123 square feet on a 7500 sf lot.  The main house is 2,538 sf and a nice guest house, which is currently set up as a media room, is almost 600sf.  The home has been updated with walnut floors, stone, tile and wonderful finishes.  There is a wine cellar, an in ground trampoline for the kids and generously sized rooms complete with a remodeled open kitchen.

The price is $3,495,000.

Call me if you are unrepresented and would like to see the home or know more about it at 650.543.1202.

Off Market Duplex in Palo Alto for Sale

April 22, 2014 Real Estate News No Comments

Palo Alto Duplex

 

 

 

 

 

There is an off market listing on Cowper Street that is great for my investor clients.  Two duplexes that are each 2 bedrooms, 1 bath and a total of 1,227 square feet.  They were remodeled in 2013 with an updated kitchen and bathrooms.  If you know Palo Alto, you realize this is walking distance to downtown and all the great shops and dining of University Avenue as well as the train station for your commutes to the city.

The asking price for the property is $2,350,000.

Call me if you are looking for investment properties in Palo Alto and are not represented by a buyers agent.

Off Market Home in Menlo Park for Sale

Off Market Home in Menlo Park for Sale

Off market homes are as big as ever these days and it’s important that you as a buyer are aware of them from your agent.  I focus on a lot of off market opportunities for my clients so please let me know what you are looking for and I can find it.

A recent property for sale off market is a beautiful newly constructed in 2013 4 bedroom, 2 1/2 bath home in the heart of Menlo Park.  The home has 1,925 square feet and has an open floor plan with hardwood floors, high ceilings, a beautiful chefs kitchen with marble counters, custom cabinets and large island.

Luxury real estate at an affordable price could be the tagline for this home as there are top quality materials and elements throughout the home. There are three bedrooms up, including the master, and one bedroom downstairs for guests and grandparents who don’t enjoy climbing stairs.  A fantastic great room and open kitchen highlight the downstairs floorplan.

Nice sized yard with cobblestone patio and fully landscaped perimeter.  2 car garage with lots of storage as well.

Asking price is $2,195,000 and will be sure to go fast like everything else in Menlo Park.  If you are not represented by a buyers agent and would like to see the home or get more information, call me at 650.543.1202 or shoot an email to me at gkurtz@apr.com.

 

365 Forest Avenue Palo Alto Condo For Sale

365 Forest Avenue Palo Alto Condo For Sale

002_Living Room copy 003_Living Room copy Enjoy urban style living in the heart of Palo Alto. This beautifully remodeled 3 bedroom, 2 bath, 1695 sf single level condo has it all.  Remodeled kitchen with granite counter tops, travertine tile floors, new appliances, recessed lighting and new cabinetry.  There is also a microwave with convection oven, five burner electric stove top, main oven plus warming oven, side by side fridge with built in filtered ice/water, overhead LED lighting, under cabinet lighting and in cabinet lighting  and self closing drawers.

The master bath has been updated with travertine tile floors, radiant heating, granite counter tops, limestone shower and new cabinets.  The second bathroom has been updated with the similar materials as well.  The interior laundry room has been completely remodeled with large stacking washer and dryer, food pantry storage and tile floors.

006_Master copyThe condo also has new carpeting and paint throughout as well as a refurbished wet bar with granite counter tops and new cabinetry 004_Dining Room copytoo.  There are new highly efficient LED lights in kitchen, laundry room, living room, hallway and bathrooms.It’s like walking into a custom condo as all the details have been closely paid attention to during the remodel that was completed earlier this year.  Whether you are looking for a place to live or an investment property, this condo is for you.  There will always be good demand for this condo as it is located in the highly rated 005_Kitchen copyand desirable Palo Alto school district.

The condo is walking distance from the vibrant downtown University Avenue and its wonderful dining and shopping experience.  The building has a 24/7 security entrance and underground private parking.

Open House Saturday and Sunday 7/20 & 7/21 from 1:30-4:30pm.

If you have any questions or interest, please contact Gary Kurtz at 650.543.1202 for more information or to set up a showing.

Homes For Sale Listing Not Accurate on Popular Online Websites

Homes For Sale Listing Not Accurate on Popular Online Websites

Home buyers and sellers often quote Trulia, Zillow or Redfin as their main source of real estate information. If they are out looking for a home, they check these popular online sites daily to see what’s on the market. All real estate agents know that the information definitely isn’t up to date for homes along the peninsula as there is so much off market activity and it’s kept between agents who work the areas a lot, so the online sites don’t have a clue to what’s really for sale here.

A new report by Redfin proves what we agents have known for a long time – the information on these sites isn’t accurate at all. I personally have received calls about listings that have sold months ago and have grown to find it fairly normal, but I never understood how bad the statistics really are. The study found that approximately 36 percent of the listings on the websites were no longer active.

Wow, 36%!

That’s a big margin of error. Do they do it so they can keep potential buyers and sellers on their sites longer and sell more page views and advertisements? Do they do it because there is a shortage of inventory in many areas and they don’t want to look like there isn’t enough information to keep home searchers happy? I’m not sure what the reason, but read the full article here.

This gets back to a plug for using a local real estate agent who has the latest information plus the off market listings.  I would estimate 20-30% of the business in this area if done off market, so if you really want to find a house, call a reputable agent.  I can help you with your real estate needs in areas such as Menlo Park, Palo Alto, Atherton and surrounding areas.  There are also plenty of other good agents as well who are professionals and take their jobs very seriously.  Working with clients to buy and sell luxury real estate is a demanding job as there are high stakes and very successful buyers and sellers who only accept the best agents to handle their transactions.  Relying on these websites seems like a step in the wrong direction and in an area of intelligent, successful people, this isn’t always the smartest choice.

Palo Alto Off Market Sales, Why Are They Increasing?

Palo Alto Off Market Sales, Why Are They Increasing?

As you all know, off market sales are increasing in all cities along the Peninsula and especially in areas such as Menlo Park, Palo Alto, Atherton, Los Altos and Los Altos Hills.  There are many reasons and each seller and agent might have a different opinion on why they want to choose to sell their home off market instead of thru the MLS.  One reason that is being discussed frequently is the surge in popularity with the IDX sites, such as Trulia, Zillow, Red Fin etc.  Many agents are choosing not to syndicate their listings or even keep the home off market because of how those sites operate.  They are very informative for the consumer and have great information, however, the downside is that they are using our listings to sell advertising.  They are making millions of dollars off of agents advertising and hard work, while the agents typically don’t get anything in return.  It would be great to see some statistics on how many people actually buy a house because they saw it on Zillow or Trulia, but those statistics don’t exist.  So, the thinking is that 99% of the people who visit the sites aren’t making a purchase based on seeing the home on the site, but typically get the info from their agent.

Many agents don’t like it because the online sites charge other agents to put their picture/ad next to our listing so the consumer believes the advertised agent is really the listing agent.  So, agents who do a lot of business and get high end listings don’t always want somebody else’s picture next to their multi million dollar listing, so they are choosing to keep the home off market.

Is this the reason for the surge in off market listings in the area?  Who knows, but it’s one reason that the IDX sites are the center of discussion as the various MLS’s are hearing complaints from their members and the MLS’s are losing control of their listing data.  The future of these sights are unknown, but anybody who goes on them quite a bit also knows the information they provide is not always accurate nor up to date.  The only place buyers can get the real information is from their real estate agents, and that won’t change no matter what happens to the popularity of the online sites.  Do you use the various sites and have you ever made a purchase based on seeing it on Trulia or Zillow?

 

Off Market Home For Sale in Menlo Park

Off Market Home For Sale in Menlo Park

There is a nice home for sale that is off market and in the Sharon Park area of Menlo Park.  The house has been remodeled extensively and has 3,804 square feet, 5 bedrooms, 4 baths and is located on a single level.  The home was remodeled in 2010 and they have put in wonderful fixtures, decor, appliances and overall designer touches throughout.  It’s in the Los Lomitas school district and the price is $3,895,000.

Off market listings are very common these days and probably 30% of deals being completed in our area are off market. Off market homes are the secret talk of the town as the bigger agencies have more of them in hand than do the smaller brokerages.

If you are interested to know more about this listing or other off market listings and are not represented by an agent, please give me a call or send me an email and I can help you find homes before they hit the market.

 

My Contact Information

Gary Kurtz
949.565.5201
gkurtz@homgroup.com
BRE# 01710776

Kathy Kurtz
714.394.2676
kathyk213@aol.com
BRE# 01876966

HOM Sotheby's International Realty
1200 Newport Center Drive, # 100
Newport Beach, CA 92660

949.565.5201 (cell)
949.478.7769 (office)
650.796.5507 (Silicon Valley #)

Contact me now with any questions:
gkurtz@homgroup.com

Kurtz Real Estate Group




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Off Market Listing in Pelican Hill – $12,500, 000

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There is a new off market listing in Pelican Hill area of Newport Beach that is sure to get your mouth watering.  The home is 9200 square feet on a 22k sf lot with incredible views.  We have more photos and information, but the asking price is $12,500,000.  If you are a buyer and interested […]

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