March 19, 204
R O P P E N R A T I I L E U S J
The Julian News 9
(760) 765 0192
Est. 1967
We have our own private parking lot behind the office . . . entrance off ‘C’ Street
P.O. Box 1000 Julian, CA 92036
C OR NE R OF M AIN & ‘C’ S TREET www.julian –properties.com
CA DRE Lic #00859374
LOVELY MOUNTAIN HOME
VERY NICE HOME IN “TOWN” - PRIVATE SETTING ...
A very nice newer custom-built home in the Lake Cuyamaca area which was buit in 2005. There is a ... Just two blocks off main street - an easy walk to stores, restaurants, library, schools and most everywhere fireplace in the living room and there are two exits to the wrap-around deck from which there are great in town. Located on a (almost half acre) corner lot with large trees and landscaping. Fireplace in the views in several directions. The kitchen has up-dated appliances, granite counter tops, a large pantry. living roon, separate dining room, great kitchen with breakfast area, three bedrooms, double garage and In the lower level there is a spacious bonus room and large storage room. The oversized garage has a additional parking area, secluded back yard with some spectacular sunset views. workspace area.
Priced at $338,000
Priced at $420,000
AMAZING VIEWS
NICE 9.27 ACE PARCEL
This property is not far from”downtown” Julian, but is quite private. It is off Oak Heights Road which adjoins Highway 79 just south of Julian. Has a pretty meadow area, many large trees, and a seasonal creek, and there was an old orchard on the property. The house and barn were burned in the cedar fire. This could be a nice horse propertyy. It is serviced by the Majestic Pines Water Co. Meter is set.
Priced at
$148,000
Of Lake Cuyamaca, Stonewall Peak, Middle Peak and Cuyamaca Peak all from this one piece of land. It is ready for building, as there was a house on the lot previously which was lost in the 2003 Cedar Fire. Come drive by and see. Picture your dream mountain cabin and make it yours.
Apache Way -
$80,000
MORE VIEWS!
Views to Lake Cuyamaca and to the ocean on a clear day from this one-acre parcel on North Peak. The home was burned in the Cedar Fire. Property is served by the Cuyamaca Forest Mutual Water Company.
Priced at
Rose Steadman, Broker / Owner
Kirby Winn, Realtor Associate
CA DRE Lic #00208897
CA DRE Lic #00326128
email: lilyroy@sbcglobal.net
* JULIAN HOME * Reduced $546,250 $527,500 2515 DAWNCREST COURT SHOWN BY APPOINTMENT ONLY
Call First: 619-985-0486
E-Mail Contact: dawncrest4sale@aol.com
WELCOME - HOME BUYERS, BROKERS, AGENTS, COMMISSION TO BUYERS’ AGENT Plenty Of Parking *Close To Town EASY TO FIND • BUILT 2003 • OVER 2900 SQUARE FEET
SEE 58 HOUSE PHOTOS AT ZILLOW.COM
The Value of…Your Home – Part(ing)
By Jeff Straus, State of California Certified Appraiser
A Caveat: None of the following that has been written should be construed as a Real Estate Appraisal. It is merely the opinion of this appraiser. Nor do I claim to be a writer per se. Please forgive me. Julian Elementary has not allowed me to progress past 2nd Grade. The original intent of this series of articles was to provide some form of useful information as it pertains to the value of your home (and to do it in 3 articles). Unfortunately, and as most friends will tell you, I usually require extra time (or in this case, space) to accomplish things in life. It was interesting to hear some comments from people over the course of the past two months. Most, thankfully, stated that they enjoyed it or found it useful, insightful. Some were more direct. “What was your Point?” and “That Hurt my Head!” To be honest, there really was no point. “Points” often reflect policy and policy often reflects prejudice - which is something I am trying to get better at becoming. If there was a point, a theme, it would merely have been this; your neighbor, your community, and all that surrounds you, have as much to do with the value of your home as any Home Depot inspired capital improvement. “Yeah, but all your rambling still hasn’t told me the Value of my Home?” Correctamundo Wise One. I am not going to tell you the value of your home. You are. Valuation 101: If you want to am still waiting to pay off. The obtain a “value” of your home problem is that “Z’s” don’t always you have many options. Some of know trees - or anything else the easiest begin with “Z”. Zillo subjectively influencing property and Zaio are two that come to value for that matter. Zillo is an mind. The former being one of excellent format in communities the most popular, the latter being of homogeneity. The problem is an investment in an appraisal 92036 is not one of them. Agents, franchise made years ago that I brokers in particular, can provide
a value estimate by way of a BPO (Broker Price Opinion). Some are quite good, all are quite limited. They are designed that way. The appraisal process differs in some significant ways from all the aforementioned. While appraisers have at their disposal all the tools, all the data of other valuation models, the ability to more thoroughly adjust sets them apart. How does a computer based upon statistical modeling properly allocate market value to a characteristic it does not see? How does it value a view? How does it ascertain the contributory value of your landscape, your interior upgrades? How does it downgrade the negative impact of a newly created, adverse adjacent land use? Generally it doesn’t. Adjusting your home, your property, to myriad features that set it apart is paramount in accurate valuation. To accurately estimate value one needs to analyze the property inside and out. In order for that to happen your computer will need to get into the car and drive…a lot. The Appraisal Process in a (Coco)nutshell: The key to understanding a good appraisal is quite simple. To accurately value you must first find out not what your home is comparable to, but rather, what your home is not comparable to in terms of relative sales and listings. My own home, 1,538 square feet of unique (my neighbor thinks it looks like a 1960’s McDonald’s) is not comparable to those homes in this market above it (literally) as they are all much bigger, much nicer, set on larger parcels and have not already served 2 Billion People. My home, unlike those above me, is not worth $1,000,000 – even if I include the yellow clown suit and curly red wig. On the other hand, my home is not like the home below. Manufactured, inferior in quality, smaller, with less of a view. The value of my home falls in between. Where though? Ah, that is the question for the ages. To get there we need to do a bit more work. Your primary characteristic of value is where you need to start in ascertaining value. Generally
$95,000
email: kirbylwinn@gmail.com
that is location. Sometimes it is view or property characteristics such as parcel size, topography, or site features such as water (rivers, streams, lakes). These characteristics generally do not change. You either have them or you do not. You can replicate my house (and one neighbor currently is doing just that – it’s gonna be an In-n-Out!) but not my site. Not exactly anyway. Not that you would want to either. From the primary characteristic (and I will stick with what I know – my own home) we move to unique features that may or may not have been replicated by other homes. For me, that would be the design of my home. The design, like the location and site, can be either positive or negative (Ronald happens to love the place) and must be correctly identified and classified. Manufactured homes need to fall within the same general classification as should Log Homes. The UAD or Uniform
Appraisal Dataset sets forth the definition and classification of your home in each new appraisal (you should read them carefully when reviewing your appraisal). Once we have established the characteristics of your location, your site and the classification of your home, the rest is generally small stuff and fairly straight forward. Items of adjustment normally center around features such as Quality/Condition, Age, Size, Room Count and Parking. Other common adjustments such as Heating/Cooling, Appurtenances, often come next. The rationale in designing the Sales Comparison Approach adjustment grid is that, normally, the items that are most pertinent to value head the top of the grid while those contributing less value to your home fall toward the bottom of the grid. Reconciliation of Value: The key to all Reconciliation can be summed up in one word. Honesty.
Appraisal is no different. It can be the most difficult part of the process because, in the end, you have to look at both the “Good” and the “Bad”. By establishing boundaries of what your home is not worth we move closer to what it is worth. In home construction or framing parlance, we are looking for “Plumb, Level, Square”. In adjusting comparable properties to your own property the appraiser is basically “shimming or planing” the other comparable properties (in monetary terms) from the categories of characteristics listed above. The key concept to remember is Contributory Value. Not every item adds value to your home. A story related to me by a friend and neighbor I will call Tom (because he hated to be called George) underscores this point. George, er, Tom built an amazing home above Lake Cuyamaca. Within the kitchen he installed not continued on page 10
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