Come see this unique Cape Cod-style home located in San Bruno's Belle Air neighborhood. This property boasts a one-of-a-kind, multi-level floorplan and deck scenario.
The main level offers a spacious living room and kitchen. Upstairs you'll find two bedrooms and two bathrooms. The spacious upstairs living area offers a full wet bar. The main level deck provides plenty of room for entertaining, and it will give you and your guests neighborhood views.
The third level offers a unique and separate bonus bedroom and bathroom. This living space is a good opportunity for an in-law or possibly even a tenant. The third level deck offers a good amount of space and wonderful neighborhood views of Belle Air, San Bruno Park and all the way west to Sweeney Ridge and the Santa Cruz Mountain!
There is driveway space for two vehicles and the two-car attached garage offers additional space to boot.
This unique home on 657 Fourth Ave. in San Bruno is a rare find and is offered at $388,880. Open Sunday from 1-4 p.m.
For detailed information and additional photos, visit www.SanBrunoViews.com.
Also on the market is this incredible investment opportunity. This San Bruno Park tri-plex offers one three-bedroom, 1.5 bathroom unit and two two-bedroom,1.5 bathroom units. This unit mix traditionally offers very good rental upside.
All units offer a fireplace, balcony, yard and fully enclosed two-car garage. There is a garden courtyard for a serene scene and a laundry room. This investment can work as a live/rent scenario and the aggressive price offers very good returns!
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Question of the Week
Q: Joe, what is the deal with short sales when the Federal Mortgage Debt Relief act expires at the end of this year? —Scott, San Bruno
A: Scott, the Federal Mortgage Debt Relief Act was enacted in 2007 with the intent of helping families stay in their homes through government programs such as HAFA and HAMP. The act is set to expire at the end of 2012.
While the overall effectiveness of these programs can be debated, they have helped qualifying short sales by providing structured timelines and payoffs to lenders (borrowers may even see a credit for moving costs at closing!).
The truth is, no one really knows what will happen. This is an election year, and Congress may be busy with the debt ceiling, scheduled tax hikes and proposed service cuts to worry about extending this act any further.
HAFA and HAMP may disappear at the end of the year, but short sales will continue to exist. Depending on the lender, they may choose to continue with the guidelines they have in place for short sales or change their current guidelines entirely.
If you have been considering a short sale or modification, I would strongly recommend initiating the process now before time runs out!
Got 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 650-375-1111 or on the Web at www.SanBrunoViews.com.
