Delightful Monte Verde Home Featured in This Weekend's Open Houses

New on the market this week is this delightful Monte Verde home located at 2701 Chabot Drive. This three-bedroom and two-bathroom home is just the right combination of size, amenities, neighborhood and price for first time buyers, as well as for those possibly looking to move up from condo living.

The home has been updated throughout, offering wood floors, an updated kitchen and bathrooms, separate dining room and wood-burning fireplace in the spacious living room.

The lot is very spacious at 6,250 square-feet with a well manicured and private backyard. There is a bonus room downtairs that opens up into the backyard area via private patio doors.

This wonderful home is close to public parks and offers ample access to major freeways. Offered at $529,000, this home is open from 1-4 p.m. Sunday.

For more pictures and further information regarding 2701 Chabot, please click here.

Also new on the market this week is 2931 Fleetwood Drive, a 3/2 home in Rollingwood and 407 Piccadilly Place #12, a one-bedroom Peninsula Place condominium.

Cedar Mills Fine Homes

Also new to hit the market is this newly constructed Cedar Mills home. This brand new Lennar home offers four bedrooms, three bathrooms, a loft, granite countertops, stainless steel appliances and more.

This brand new home is located in Mills Park at 894 Cedar Mills Lane and is offered at $843,950.

For more information on these and other fine homes in San Bruno and beyond, visit me on the web at www.SanBrunoViews.com.

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Question of the week

"Joe, I have heard that there is a lot of buyer activity in the market, and home prices are on the rise. I'm trying to refi my home, but my home may not appraise high enough. When will home values reflect the current rise in prices?" —Otis, San Bruno

Answer: Otis, home prices are rising as buyer activity spurs an upward trend in the market. Many buyers and low inventory create high demand for available supply, driving up home prices. New listings in San Bruno have reflected the rise in price, but recent home sales don't yet support the increases. Until some of these home sales close escrow within the next few weeks or months, appraisers will struggle with pricing.

Have a real estate question? Email me at JCapote@APR.com.

Joseph Capote is a Realtor with Alain Pinel Realtors. He also serves on the board of directors for the San Bruno Chamber of Commerce. He can be reached at JCapote@apr.com or 650-375-1111.