Before I moved back East, I was fortunate enough to rent a room in a house that backed onto the American River in the Rosemont area (until you start looking for houses, you don’t’ realize these areas actually have names!).
The dream of being back on the river never fades, so the whole family took a walk along the levy this weekend. The places on the South side of the American are steal for property with a nice clean river outside your backyard. But they don’t appear to come up for sale very often.
Pros: The price is right for river front property. According to Zillow, there does not seem to be a price differential between the houses that back onto the river, and the ones across the street. You can go fishing out your backyard before work in the morning. You have a fantastic walking path out your backyard. The American River is clean and the levy appears to be in good shape (unlike what I remember of the Sacramento River).
Cons: You get some weirdoes along the path, which concerns me a bit with two small kids. In addition everyone can see in your/yard house if they walk along the levy, in other words, minimal privacy. The Lucky’s grocery store that was there when I lived in the area is now a Big Lots….not a good sign. As with many of the more established neighborhoods in Sacramento, the public schools don’t appear to be very noteworthy.
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5 comments:
Welcome back to town.
Another discovery of Zillow's flaws, it doesn't know there's a river there, thinks both sides of the street are the same. Zillow wouldn't know if there's a crack house next door either.
LOL
Zillow is a bit of "tool". I do like the little graphs showing the price declines though. I printed a few out and pinned them to my bulletin board for fun >; )
You are both right the overall Zillow numbers can be really bad. Actually the Wall Street Journal had a pretty funny article on this exact issue a couple months back. I tend to use it to look at sales. I take the values with a grain of salt. The place I rent now is listed in Zillow for about 100K more than what a very comparable place was listed at when it went under contract!
Buying,
Did you know you can find the parcel number and tax records through the county? You can often tell what is distressed by doing this. A little more bargaining power is never bad.
Folks, Sillow will let you look at neighborhood data qtr x qtr. They have a lot of data in 2003/2004 showing 50-100% appreciation. It is incorrect.
THe problem is that data goes into their equasions and creates a lot of garbage predictions. garbage in, garbage out.
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