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2 Friday, July 1, 2022 — DAILY REPUBLIC
ALL THINGS REAL ESTATE
Road improvements impact some businesses more than others Q: I own a small business. I’ve been here for just going on nine years now. I’ve just learned that the city or county or someone is going to change the road in front of my store. Apparently they intend to widen the road to two lanes in each direction. I have no trouble with that since the road gets really crowded during rush hours. The problem is they intend to put a concrete divider up between the two middle lanes with no turn lane toward my store. In other words, you’ll have to be coming from the south to get to my store. If you’re coming from the north, you won’t be able to make a left turn. That means I could lose 50% of my business. Is that legal? How do I fight the plans? A: Longtime Solano County residents have witnessed sweeping changes over the past 30 years in how we drive around. Maybe I’m aging myself, but not all that many years ago, at least in Fairfield, there were only a couple of stop lights and you could get to anywhere from anywhere pretty much in a straight line. Then the state built a freeway and cut the town in half. Suisun City’s Main Street was severed from Union Avenue in Fairfield so the street wouldn’t cross the railroad tracks, leaving downtown Suisun City much less connected to shoppers in Fairfield. Lately, the first phase of the Suisun bypass was completed, allowing folks to make a bee line to Costco, but along the way bypassing other businesses. All of these changes, along with many, many more over the years, have been done to make transportation safer, faster and more practical for our evergrowing population. The small town format of
Tim Jones a grid of two-way streets has increasingly become antiquated and impractical. The process of trying to change the roads to allow for future growth is generally known as “transportation planning.” But with every change to the “grid” some businesses benefit and some suffer. Some residents find it easier to get to work or their favorite shopping center, while others experience the opposite. Planning laws have evolved over, roughly, the past 100 years or so, with some of the biggest changes occurring in the past 30, mostly through court decisions. You find yourself in a position where the government is making decisions that take money out of your pocket in what you believe will be lost sales revenues. There are constitutional restrictions on the government’s ability to take money or property from you without giving you compensation. Properly called eminent domain, the government has the legal right to take your property for the public benefit, like to build a freeway, but they must pay you the value of what they’ve taken. The questions arise when the government’s actions take something less tangible from you, like lost sales revenues due to a public improvement. This often happens when zoning changes are made that suddenly forbid the very type of business you’ve been running there for years. Twenty years ago court deci-
sions were all over the board regarding how much you had to suffer in lost revenues before the state had to compensate you. But more recent decisions, going right up to the Supreme Court, have determined that the government seldom needs to compensate you if it is leaving you with the property itself and you can put it to any economic use at all. The idea is that we are all citizens who share a common burden for the good of society, and sometimes one person simply suffers a greater burden than someone else. Though that increase can rise to a unreasonable level that requires compensation. So the short answer is if they build the barrier, you’re probably stuck. From a practical viewpoint, you will want to negotiate with whatever agency is running the project. Perhaps you can yell loud enough to get a turn lane. But if the engineers feel the turn lane is impractical, or even dangerous, under the circumstances, there’s not much you can do. However, businesses such as yours are often able to negotiate something. For example, perhaps the agency will agree to erect some signage informing drivers how to get back to your store. Everything is up for negotiation, but you have to start early. Hopefully you can start your lobbying before the plans and budget are finally approved. Tim Jones is a real estate attorney in Fairfield. If you have any real estate questions you would like to have answered in this column, you can contact him at AllThingsRealEstate@ TJones-Law.com.
Mortgage rates held in check as recession fears mount THE WASHINGTON POST After being prodded higher by inflation fears, mortgage rates were dragged down this week by recession concerns. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dropped to 5.7% with an average 0.9 point. (A point is a fee paid to a lender equal to 1% of the loan amount. It is in addition to the interest rate.) It was 5.81% a week ago and 2.98% a year ago. Freddie Mac, the federally chartered mortgage investor, aggregates rates from around 80 lenders across the country to come up with weekly national averages. The survey is based on home purchase mortgages. Rates for refinances may be different. It uses rates for highquality borrowers with strong credit scores and large down payments. Because of the criteria, these rates are not available to every borrower. The 15-year fixed-rate average also moved lower, falling to 4.83% with an average 0.9 point. It was 4.92% a week ago and 2.26% a year ago. The five-year adjustable rate average rose to 4.5% with an average 0.3 point. It was 4.41% a week ago and 2.54% a year ago. “The rapid rise in mortThe Law Offices of
gage rates has finally paused, largely due to the countervailing forces of high inflation and the increasing possibility of an economic recession,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “This pause in rate activity should help the housing market rebalance from the breakneck growth of a seller’s market to a more normal pace of home price appreciation.” Since the start of June, the 30-year fixed average jumped 72 basis points before retreating this week. A basis point is 0.01 percentage point. The sharp spike has made homes less affordable and cooled sales, putting a damper on what had been a booming housing market. The way financial markets are waffling between anxiety over inflation and trepidation over a recession is leading to the volatility in mortgage rates. “Markets are struggling to price in the competing dynamics of persistent high inflation and the impact of Federal Reserve rate hikes,” said Paul Thomas, vice president of capital markets at Zillow. “The Fed has indicated they are focused on getting inflation under control through See Mortgage, Page 5
Timothy Jones
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DAILY REPUBLIC — Friday, July 1, 2022 3
Real estate transactions BENICIA
TOTAL SALES: 7 LOWEST AMOUNT: $701,000 HIGHEST AMOUNT: $2,250,000 MEDIAN AMOUNT: $885,000 AVERAGE AMOUNT: $1,183,000
FAIRFIELD
TOTAL SALES: 23 LOWEST AMOUNT: $135,000 HIGHEST AMOUNT: $1,225,000 MEDIAN AMOUNT: $646,000 AVERAGE AMOUNT: $617,565
1223 Church Street – $885,000
1615 Armijo Court – $720,000
1457 George Court – $840,000
2619 Aspinwall Court – $750,000
05-25-22 [3 Bdrms – 1324 SqFt – 1973 YrBlt], Previous Sale: 02-18-15, $500,000 05-27-22 [4 Bdrms – 1512 SqFt – 1978 YrBlt], Previous Sale: 08-25-00, $287,000
320 Gull Point – $2,250,000
05-27-22 [4 Bdrms – 3580 SqFt – 1979 YrBlt], Previous Sale: 09-21-16, $1,436,500
424 Hawthorne Lane – $755,000
05-23-22 [4 Bdrms – 2077 SqFt – 1985 YrBlt], Previous Sale: 10-27-03, $385,000 05-26-22 [4 Bdrms – 3200 SqFt – 1986 YrBlt]
2507 Clipper Ship Court – $678,000
05-23-22 [3 Bdrms – 1484 SqFt – 1984 YrBlt], Previous Sale: 08-11-14, $359,000
618 East Colorado Street – $135,000
05-24-22 [3 Bdrms – 1261 SqFt – 1959 YrBlt], Previous Sale: 04-14-99, $92,900
YrBlt], Previous Sale: 03-07-19, $475,000
631 Whitehall Circle – $425,000
05-24-22 [4 Bdrms – 2274 SqFt – 1967 YrBlt]
RIO VISTA TOTAL SALES: 6 LOWEST AMOUNT: $360,000 HIGHEST AMOUNT: $650,000 MEDIAN AMOUNT: $460,000 AVERAGE AMOUNT: $480,833
240 Bella Vista Way – $425,000
05-27-22 [2 Bdrms – 1172 SqFt – 2005 YrBlt], Previous Sale: 04-25-05, $337,300
711 Christensen Way – $545,000
05-27-22 [4 Bdrms – 1859 SqFt – 2000 YrBlt], Previous Sale: 02-09-04, $327,500
These are the local homes sold recently, provided by California Resource of Lodi. The company can be reached at 209.365.6663 or CalResource@aol.com. 05-24-22 [4 Bdrms – 2140 SqFt – 1990 YrBlt], Previous Sale: 01-22-18, $550,000
915 Granada Lane – $980,000
05-27-22 [3 Bdrms – 2072 SqFt – 1979 YrBlt], Previous Sale: 03-26-20, $485,000
232 Juniper Street – $568,000
05-26-22 [2 Bdrms – 1292 SqFt – 1987 YrBlt], Previous Sale: 08-10-17, $305,000
244 Kodiak Drive – $675,000
05-26-22 [2 Bdrms – 1680 SqFt – 2000 YrBlt], Previous Sale: 10-21-03, $325,000
285 Larkspur Drive – $620,000
05-23-22 [4 Bdrms – 2053 SqFt – 1977 YrBlt], Previous Sale: 07-06-12, $295,000
125 Magnolia Avenue – $565,000
312 Brookdale Drive – $645,000 162 Bryce Way – $475,000
1108 Burton Drive – $555,000
243 Cheyenne Drive – $810,000
278 Cheyenne Drive – $565,000
05-26-22 [3 Bdrms – 2053 SqFt – 1977 YrBlt]
133 Sequoia Court – $495,000
113 Clematis Street – $755,000
05-25-22 [3 Bdrms – 879 SqFt – 1943 YrBlt], Previous Sale: 06-22-17, $420,000
5298 Gramercy Circle – $680,000
1091 Waterwood Drive – $410,000
1104 Cloverbrook Circle – $650,000
05-25-22 [5 Bdrms – 4020 SqFt – 2006 YrBlt], Previous Sale: 06-02-11, $550,000
5009 Gurnett Lane – $715,000
850 Wrenwood Way – $650,000
809 Cosmos Drive – $800,000
2758 Laurel Drive – $505,000
260 Yosemite Drive – $360,000
566 Fruitvale Road – $435,000
991 Laurel Creek Way – $420,000
SUISUN CITY
05-27-22 [3 Bdrms – 1566 SqFt – 1983 YrBlt], Previous Sale: 11-17-14, $430,000
254 Hillcrest Avenue – $701,000
750 Kearney Street – $1,415,000
636 Stoneman Court – $1,435,000
05-26-22 [4 Bdrms – 3824 SqFt – 2005 YrBlt], Previous Sale: 09-17-15, $783,000
DIXON TOTAL SALES: 11 LOWEST AMOUNT: $501,000 HIGHEST AMOUNT: $815,000 MEDIAN AMOUNT: $620,000 AVERAGE AMOUNT: $631,091
330 South 8th Street – $650,000
05-25-22 [3 Bdrms – 1726 SqFt – 1970 YrBlt], Previous Sale: 06-22-21, $595,000
920 Alexander Court – $815,000
05-27-22 [4 Bdrms – 2426 SqFt – 1996 YrBlt], Previous Sale: 08-13-02, $348,000
1235 Bello Drive – $610,000
05-27-22 [3 Bdrms – 1606 SqFt – 2003 YrBlt], Previous Sale: 01-14-15, $350,000
541 West D Street – $501,000
05-24-22 [3 Bdrms – 1220 SqFt – 1956 YrBlt], Previous Sale: 06-13-16, $325,000
1190 Dartmouth Circle – $620,000
05-27-22 [3 Bdrms – 1917 SqFt – 2015 YrBlt], Previous Sale: 04-10-18, $429,000
235 Foster Lane – $650,000
05-26-22 [4 Bdrms – 1633 SqFt – 1989 YrBlt]
560 Fountain Way – $741,000
1373 Flint Way – $632,500
05-23-22 [4 Bdrms – 1456 SqFt – 1966 YrBlt] 05-24-22 [4 Bdrms – 2195 SqFt – 2013 YrBlt], Previous Sale: 12-18-17, $499,000 05-23-22 [4 Bdrms – 2215 SqFt – 2020 YrBlt], Previous Sale: 10-06-20, $554,000 05-27-22 [3 Bdrms – 1352 SqFt – 1969 YrBlt] 05-27-22 [3 Bdrms – 1824 SqFt – 1989 YrBlt]
915 Marietta Court – $646,000
05-23-22 [3 Bdrms – 1140 SqFt – 1988 YrBlt], Previous Sale: 07-13-17, $395,000
1956 New Jersey Street – $535,000
05-25-22 [3 Bdrms – 1260 SqFt – 1959 YrBlt], Previous Sale: 05-13-21, $460,000
2485 Oakmont Court – $1,225,000
05-24-22 [4 Bdrms – 3317 SqFt – 1988 YrBlt], Previous Sale: 08-06-08, $500,000
2765 Peppertree Drive – $550,000
05-25-22 [5 Bdrms – 2486 SqFt – 2002 YrBlt], Previous Sale: 03-24-20, $495,000
3993 Shaker Run Circle – $715,000
546 Fortuna Drive – $525,000
05-25-22 [3 Bdrms – 1530 SqFt – 1986 YrBlt] 05-27-22 [4 Bdrms – 1484 SqFt – 1986 YrBlt], Previous Sale: 03-08-10, $195,000 05-27-22 [4 Bdrms – 1678 SqFt – 1978 YrBlt]
TOTAL SALES: 32 LOWEST AMOUNT: $435,000 HIGHEST AMOUNT: $980,000 MEDIAN AMOUNT: $619,500 AVERAGE AMOUNT: $643,797
05-25-22 [3 Bdrms – 2174 SqFt – 1997 YrBlt], Previous Sale: 11-07-17, $472,000
301 Acorn Court – $441,000
05-27-22 [3 Bdrms – 1665 SqFt – 2002 YrBlt], Previous Sale: 03-29-19, $470,000
410 Alamo Drive – $610,000
05-24-22 [3 Bdrms – 933 SqFt – 1959 YrBlt], Previous Sale: 06-24-03, $227,000
400 Andrea Drive – $438,000
05-23-22 [4 Bdrms – 2338 SqFt – 2020 YrBlt], Previous Sale: 03-24-20, $507,500
4146 The Masters Drive – $755,000
05-25-22 [3 Bdrms – 1571 SqFt – 1996 YrBlt], Previous Sale: 08-01-11, $228,000
416 Tulip Street – $480,000
05-24-22 [4 Bdrms – 1552 SqFt – 1996 YrBlt], Previous Sale: 12-23-98, $145,000
2402 Walker Drive – $660,000
05-27-22 [4 Bdrms – 1756 SqFt – 1989 YrBlt], Previous Sale: 04-03-13, $290,000 05-26-22 [2 Bdrms – 1421 SqFt – 1925 YrBlt]
543 Marbella Lane – $765,000
05-26-22 [4 Bdrms – 2112 SqFt – 1972 YrBlt], Previous Sale: 11-03-04, $425,000
05-26-22 [4 Bdrms – 2418 SqFt – 2017 YrBlt], Previous Sale: 10-30-17, $533,500
125 Maywood Court – $700,000
05-23-22 [4 Bdrms – 1708 SqFt – 2000 YrBlt], Previous Sale: 06-25-09, $300,000
812 Meadowhawk Drive – $590,000
05-25-22, Previous Sale: 05-29-19, $4,255,000
820 Monaghan Circle – $690,000
05-27-22 [5 Bdrms – 2055 SqFt – 1975 YrBlt], Previous Sale: 07-23-04, $435,478
05-26-22 [4 Bdrms – 2248 SqFt – 1978 YrBlt], Previous Sale: 08-09-18, $475,000 05-27-22 [3 Bdrms – 1509 SqFt – 1988 YrBlt], Previous Sale: 07-06-18, $420,000 05-27-22 [3 Bdrms – 1708 SqFt – 1992 YrBlt], Previous Sale: 07-22-14, $400,000
See Transactions, Page 4
05-24-22 [4 Bdrms – 2223 SqFt – 2006 YrBlt], Previous Sale: 12-12-05, $587,500
VACAVILLE
2529 Rowe Place – $750,000
05-23-22 [3 Bdrms – 1612 SqFt – 2017 YrBlt], Previous Sale: 10-26-17, $490,000
1313 Amber Drive – $520,000
05-24-22 [3 Bdrms – 1300 SqFt – 1966 YrBlt], Previous Sale: 12-28-09, $125,000
2035 Robin Drive – $500,000
05-25-22 [3 Bdrms – 1664 SqFt – 1958 YrBlt], Previous Sale: 10-08-21, $430,000
TOTAL SALES: 4 LOWEST AMOUNT: $520,000 HIGHEST AMOUNT: $595,000 MEDIAN AMOUNT: $533,750 AVERAGE AMOUNT: $545,625
611 Tule Goose Drive – $595,000
555 East Tennessee Street – $372,500
1855 Whiting Court – $595,000
05-27-22 [3 Bdrms – 1006 SqFt – 1972 YrBlt]
05-27-22 [5 Bdrms – 3408 SqFt – 2000 YrBlt], Previous Sale: 10-05-20, $675,000
1698 River Oaks Circle – $775,000
05-26-22 [4 Bdrms – 1890 SqFt – 1976 YrBlt], Previous Sale: 12-05-00, $191,000
2040 Regency Parkway – $560,000
05-25-22 [2 Bdrms – 2440 SqFt – 2015 YrBlt], Previous Sale: 10-29-15, $489,500
527 Thomas Circle – $542,500
2576 Shorey Way – $580,000
1085 Purdue Court – $640,000
05-25-22 [2 Bdrms – 1154 SqFt – 2002 YrBlt], Previous Sale: 08-08-02, $162,588
05-25-22 [3 Bdrms – 1400 SqFt – 1988 YrBlt], Previous Sale: 06-27-00, $189,950
05-23-22 [4 Bdrms – 2459 SqFt – 1993 YrBlt], Previous Sale: 05-14-20, $560,000
1115 West H Street – $560,000
05-27-22 [4 Bdrms – 1911 SqFt – 1969 YrBlt], Previous Sale: 10-01-02, $210,000
05-23-22 [3 Bdrms – 3010 SqFt – 1989 YrBlt], Previous Sale: 04-20-16, $670,000
A Division of American Pacific Mortgage Corporation NMLS#1850
Now Offering Land, Construction & Bridge Loans
707-449-4777
05-26-22 [2 Bdrms – 1445 SqFt – 1979 YrBlt], Previous Sale: 04-29-04, $250,000 05-26-22 [3 Bdrms – 1546 SqFt – 1970 YrBlt], Previous Sale: 05-30-19, $445,000 05-27-22 [3 Bdrms – 960 SqFt – 1975 YrBlt]
05-23-22 [3 Bdrms – 2449 SqFt – 2005 YrBlt], Previous Sale: 08-18-11, $300,000
755 Arbor Oaks Drive – $600,000
05-25-22 [3 Bdrms – 1337 SqFt – 1967 YrBlt], Previous Sale: 11-07-00, $180,000
417 Azalea Way – $596,000
05-24-22 [3 Bdrms – 1952 SqFt – 2012
530 Badger Court – $727,000
05-24-22 [3 Bdrms – 1447 SqFt – 1978 YrBlt], Previous Sale: 10-20-11, $200,000 05-25-22 [3 Bdrms – 1554 SqFt – 1958 YrBlt], Previous Sale: 09-05-13, $319,000
Call or Inquire at www.SolanoMortgage.com Jim Porter Branch Manager NMLS 276412
Solano Mortgage NMLS #1515497 & #1514658 is a division of American Pacific Mortgage Corporation NMLS #1850 is licensed in California by the Dept. of Financial Protection and Innovation under the CRMLA / Equal Housing Opportunity
4 Friday, July 1, 2022 — DAILY REPUBLIC
Transactions: Homes YrBlt], Previous Sale: 04-08-20, $475,000
From Page 3
230 Willow Green Way – $821,000
101 Northpark Drive – $660,000
05-25-22 [4 Bdrms – 1720 SqFt – 1976 YrBlt]
76 Novato Drive – $512,000
05-23-22 [4 Bdrms – 1312 SqFt – 1967 YrBlt], Previous Sale: 06-30-03, $230,000
136 Ravenswood Court – $825,000
05-23-22 [4 Bdrms – 2789 SqFt – 1966 YrBlt]
402 Royal Oaks Drive – $589,000
05-27-22 [4 Bdrms – 1905 SqFt – 1974 YrBlt]
337 Sparrow Street – $705,000
05-26-22 [4 Bdrms – 1856 SqFt – 1988 YrBlt], Previous Sale: 06-05-02, $320,000
664 Sweet Bay Circle – $619,000
05-27-22 [4 Bdrms – 2636 SqFt – 2021 YrBlt]
157 Janice Street – $220,000
05-23-22 [3 Bdrms – 1020 SqFt – 1951 YrBlt], Previous Sale: 11-29-01, $222,000
124 Jason Court – $659,000
05-25-22 [2 Bdrms – 1676 SqFt – 1933 YrBlt], Previous Sale: 03-02-22, $500,000
549 Jennings Avenue – $575,000
05-23-22 [4 Bdrms – 1391 SqFt – 1977 YrBlt], Previous Sale: 04-28-15, $235,000
162 Kathy Ellen Drive – $405,000
05-25-22 [3 Bdrms – 1100 SqFt – 1954 YrBlt]
117 La Cresenda Street – $685,000
05-27-22 [3 Bdrms – 1898 SqFt – 1978 YrBlt], Previous Sale: 07-11-19, $429,000
532 Laurel Street – $450,000
864 Beechwood Avenue – $545,000
05-25-22 [4 Bdrms – 2264 SqFt – 1991 YrBlt], Previous Sale: 09-22-20, $683,500
118 Bella Vista Way – $690,000
05-25-22 [4 Bdrms – 1430 SqFt – 1983 YrBlt], Previous Sale: 05-24-04, $315,000
199 Candy Drive – $620,000
1184 Woodridge Drive – $615,500
VALLEJO
258 Cottonwood Drive – $550,000
TOTAL SALES: 32 LOWEST AMOUNT: $220,000 HIGHEST AMOUNT: $902,500 MEDIAN AMOUNT: $567,500 AVERAGE AMOUNT: $563,953
136 Evergreen Way – $700,000
101 Harrier Avenue – $450,000
815 Alameda Street – $616,000
3623 Hazelwood Street – $541,000
05-26-22 [3 Bdrms – 1230 SqFt – 1960 YrBlt]
DAVE FRANZONI
Executive Council Cal BRE #1748267
137 Pioneer Court – $600,000
05-23-22 [2 Bdrms – 1245 SqFt – 1973 YrBlt], Previous Sale: 10-05-05, $325,000
739 Quartz Lane – $560,000
05-23-22 [2 Bdrms – 1442 SqFt – 1936 YrBlt]
1233 Locust Drive – $660,000
DaveFranzoni.com
5071 Business Center Drive Fairfield, CA 94534
05-27-22 [3 Bdrms – 2913 SqFt – 2002 YrBlt], Previous Sale: 09-10-02, $490,540 05-25-22 [4 Bdrms – 1428 SqFt – 1978 YrBlt], Previous Sale: 07-09-09, $185,000 05-23-22 [4 Bdrms – 1529 SqFt – 1980 YrBlt]
2949 Redwood Parkway – $580,000
05-24-22 [4 Bdrms – 1688 SqFt – 1983 YrBlt], Previous Sale: 05-29-09, $190,000
105 Ridgewood Court – $500,000
05-27-22 [3 Bdrms – 1017 SqFt – 1953
05-23-22 [3 Bdrms – 1642 SqFt – 1986 YrBlt], Previous Sale: 02-11-13, $180,000
See Real, Page 5
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I live and work in Solano County REALTOR® for over 15 years Top Producer Smart Home Specialist Executive Council of REALTORS® #1 Company in the Nation 6 Offices for your convenience
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05-26-22 [3 Bdrms – 1593 SqFt – 1918 YrBlt], Previous Sale: 10-08-15, $365,000
05-26-22 [3 Bdrms – 1350 SqFt – 1941 YrBlt], Previous Sale: 11-09-16, $303,500
Choosing the Right REALTOR® Does Make A Difference
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05-23-22 [3 Bdrms – 1496 SqFt – 1928 YrBlt]
909 Ohio Street – $665,000
3023 Overlook Drive – $902,500
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830 Louisiana Street – $575,000
05-27-22 [3 Bdrms – 1484 SqFt – 1980 YrBlt], Previous Sale: 06-01-17, $406,500
05-25-22 [2 Bdrms – 1072 SqFt – 1947 YrBlt]
05-27-22 [2 Bdrms – 1479 SqFt – 1938 YrBlt]
05-23-22 [2 Bdrms – 1046 SqFt – 1910
05-24-22 [2 Bdrms – 1659 SqFt – 2006
05-23-22 [3 Bdrms – 1263 SqFt – 1955 YrBlt], Previous Sale: 02-24-17, $265,000
YrBlt], Previous Sale: 02-18-15, $85,000
1408 Amador Street – $770,000
REALTOR®
688-2864
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DAILY REPUBLIC — Friday, July 1, 2022 5
Transactions: Homes
Mortgage
264 Sonoma Boulevard – $500,000
From Page 4 YrBlt], Previous Sale: 03-18-15, $279,000
141 Rodgers Street – $325,000
05-26-22 [3 Bdrms – 988 SqFt – 1978 YrBlt], Previous Sale: 08-28-03, $159,000
1155 Roleen Drive – $575,000
05-27-22 [4 Bdrms – 1285 SqFt – 1965 YrBlt], Previous Sale: 09-07-16, $310,000
1115 Santa Clara Street – $483,000
05-26-22 [3 Bdrms – 1305 SqFt – 1953 YrBlt], Previous Sale: 10-06-99, $118,300
1214 Sonata Drive #111 – $520,000
05-24-22 [2 Bdrms – 1167 SqFt – 2010 YrBlt]
From Page 2
05-24-22 [2 Bdrms – 1796 SqFt – 2004 YrBlt], Previous Sale: 12-10-16, $256,000
150 Stageline Court – $535,000
05-25-22 [2 Bdrms – 1023 SqFt – 1986 YrBlt]
406 Swan Way – $525,000
05-23-22 [3 Bdrms – 1020 SqFt – 1962 YrBlt], Previous Sale: 10-29-18, $390,000
62 Werden Street – $315,000
05-26-22 [3 Bdrms – 988 SqFt – 1977 YrBlt], Previous Sale: 06-01-20, $222,000
155 Westport Lane – $750,000
05-24-22 [4 Bdrms – 2070 SqFt – 1989 YrBlt], Previous Sale: 05-15-19, $485,000
rate increases. But those rate increases will slow economic growth and that could lead to a recession. Views on the shortterm increases in the federal funds rate drove interest rates up sharply early this month, but rates declined from highs last week as recession concerns raised the potential for slowing rate increases in the future.” When investors are worried about inflation, they lose inter-
est in buying bonds because the return on their investment is less when inflation is high. Inflation erodes the value of a bond’s future payments. Less demand causes bond prices to drop and yields to rise. Since mortgage rates tend to follow the same path as the 10-year Treasury yield, they also go up. But in a recession, bonds are viewed as a safe investment. More demand for bonds causes prices to rise and yields to fall, which usually sends mortgage rates down. The yield on the 10-year Treasury, which peaked at 3.49% earlier this month, fell
REAL ESTATE Ramon Santos
Apply now @ www.primeres.com/rsantos
back to 3.1% as of Wednesday. “With the drumbeat of a possible recession growing louder, investors have been seeking safer assets, driving bond yields lower again this week,” said George Ratiu, manager of economic research at Realtor.com. It is worth noting that the last time the Federal Reserve acted this aggressively to tamp down inflation was during the 1981-82 recession, when mortgage rates soared to an all-time high of 18.63%. While mortgage rates are expected to keep climbing, most economists don’t predict they will reach double digits.
*DOOHU\
2ELIABLE s $EPENDABLE s +NOWLEDGEABLE Use A BROKER/REALTOR® That Will Help You Make The Right Choice Based On Your Individual Needs!
NMLS 237037 \ #3094 Branch Manager \ Sr. Mtg. Advisor FHA • VA • Conventional
Jim & Darla are both past Presidents of the Northern Solano County Association of REALTORS.® Having been in business since 1978 we are one of the few remaining Independent Real Estate Companies in Fairfield. Born and raised in Solano County... we know the area. We strive to meet the specialized needs of each client, using the highest ethical standards.
BIGGER IS NOT ALWAYS BETTER.
JIM STEVER REALTY
STEVER & ASSOCIATES Serving Solano County Since 1978!
Nancy Price-Branson Cal DRE Lic #01426977
(707) 718-1989
NancyPriceBransonSellsHomes1@gmail.com
Jim & Darla Stever BROKER/REALTOR®/Owner Cal BRE#01085687
((707) 707) 3 373-6949 7 3 -6 6949
Let My Experience Make Your Home Buying or Selling Experience Your Best Experience!
Annie@AnnieVogelpohl.com Annie Vogelpohl
>IB<
(707) 421-1000
vogelpohl real estate consulting & sales
REALTOR® CPDE, SFR, ABR, MRP, SRES
301 Dickson Hill Rd., Fairfield, CA 94533
OPEN 7 DAYS A WEEK!
690 E. Tabor Ave., Ste. F, Fairfield www.JimSteverRealty.com
BROKER, CAL BRE #00705450
Successfully moving mobiles to mansions. Contact me for current market conditions.
1 1 1 1 W E B S T E R S T R E E T, F A I R F I E L D
6 Friday, July 1, 2022 — DAILY REPUBLIC
SOLANO REAL ESTATE SCENE
Let’s explore ways to keep your low mortgage rate H ow do I hold on to my 2.75% fixed-rate mortgage and move up to a new home? This is a question lots of people who planned to move up or down in 2022 are asking now. Anyone who purchased a starter home between 2010 and 2018 may be busting at the seams with children and pets that they didn’t have when they purchased. Many homeowners bought their first home as an investment with a strategy to sell it in five or six years after their income, net worth, FICO scores and their home’s equity were higher. Some seniors have been planning for years to move down to a one-story home with less maintenance but are now hesitant because, like many folks, they might have a 3% fixedrate mortgage. Here are a few ideas on how to keep your low rate: No. 1: Convert your departing residence to a rental property and keep the home as part of your retirement income plan. Inflation will be your friend. The
Jim Porter
rent on the property in 25 years should be 75% higher if the average rate of inflation is 3% and the home value will obviously be a lot higher, too. No. 2: Sell a percentage of your departing residence to a trustworthy family member for them to live in and make the payments with you remaining on title to avoid the lender enforcing the due on sale clause. You could also sell 50% of the property to a friend or a family member for you and your partner to own and manage as a rental. This investor would simply pay you 50% of your equity over the lowrate mortgage. An equity share agreement is like a partnership and should be drafted with legal advice from a lawyer, but it is legal and could be a win-win for the buyer and the seller.
Financing the AMERICAN DREAM for everyone!
TM
FRUSTRATED with your current Lender fumbling your Purchase or Refinance, Bring your loan to us so we can get you locked at a GREAT RATE and Finish it up QUICKLY! We don’t mess around, We Get it DONE, We are Local and we DELIVER! When we write your Pre-Approval Letter to present to the seller, You WILL Close the Deal with us!
George R. Kalis Broker/Owner
707.759.5129
WHOLESALE MORTGAGE BROKER
We can use ANY Bank or Investors Wholesale dept. We are not confined to just one source. Why have 5 banks pull your credit, when we can pull it once and get bids for you from 5 banks?? 1300 Oliver Rd., Ste. 140 • Fairfield • George@NIMBLoan.com NMLS #270402 • DRE#02077932 • NMLS #1859425
No. 3: Lease the departing residence for a year or two to see if you can handle being a landlord and, if not, sell the home immediately and well within three years of your move out and conversion to a rental. According to my CPA, to get the capital gain tax break, the seller must have lived in the home two of the past five years. No. 4: The down payment on the new house can come from a HELOC or second mortgage on the departing residence, a 401k loan, gift funds, savings, the family member that buys into a percentage of the house. Every case is different, and it costs nothing to investigate and brainstorm all your options with
bottom line is renting stinks. You will likely see another refinance opportunity in the future and even if you don’t, think long-term. My parent’s house is now owned by my brother and is worth $1.6 million, and that house in Pacifica I should have never sold is worth $900,000 and rents for $4,500 per month. Jim Porter, NMLS No. 276412, is the branch manager of Solano Mortgage, NMLS No. 1515497, a division of American Pacific Mortgage Corporation, NMLS No. 1850, licensed in California by the Department of Financial Protection and Innovation under the CRMLA / Equal Housing Opportunity. Jim can be reached at 707-449-4777.
LONEY & WORLEY TEAM
“Your Real Estate Team committed to getting you the Highest return on your investment.” TOP PRODUCERS WITH OVER 30 YEARS EACH IN THE REAL ESTATE INDUSTRY LUXURY ESTATES, WINERIES, VINEYARDS, COMMERCIAL, DEVELOPMENTS AND RESIDENTIAL SALES.
As Your Listing Agents: • We pay for professional photography, video productions including drone photography. • We pay for all marketing and advertising for the entire duration of the listing until the property is sold. • We will fully host and advertise a “Grand Opening -Open House Event” OUR FAMILY ESTABLISHED COUNTRY ESTATES, INC IN 1982
Alicia N. Worley
Scott C. Loney
REALTOR®
BROKER ASSOCIATE BRE# 01146887
THE DAILY REPUBLIC DELIVERS. CALL 707-427-6989.
a local mortgage professional and real estate broker. Mortgage rates feel high right now because they were at an unsustainable historic low during the heart of the pandemic. My parents obtained a 6% fixed-rate mortgage in 1970 when they bought our Sunset District San Francisco family home in 1970 for $32,500. I bought my first house in 1985 for $120,000 with nothing down in Pacifica and assumed a first mortgage at 10%, a second mortgage at 15% and the seller carried a third mortgage for me at 12%. Today’s national average rate sounds awful at 5.83% but historically it’s not bad and the
(707) 290-0556
2280 ROCKVILLE ROAD GREEN VALLEY-FAIRFIELD, CA 94534 LIC#01035560
BRE# 01322884
(707) 344-1300
DAILY REPUBLIC — Friday, July 1, 2022 7
Solano County Listings: Homes for sale PRICE $897,000 $575,000 $699,999 $799,400 $4,500,000 $214,900 $353,000 $449,000 $485,000 $524,000 $525,000 $529,950 $555,000 $570,000 $599,000 $630,000 $679,000 $735,000 $749,000 $769,995 $777,000 $799,000 $830,000 $841,333 $849,000 $1,449,000 $410,000 $1,400,000 $460,000 $520,000 $535,000 $540,000 $540,000 $660,000 $364,950 $455,000 $510,000 $510,000 $525,000 $539,500 $549,500 $549,900 $554,000 $574,500 $592,000 $596,000 $599,000 $599,000 $599,900 $599,950
ADDRESS 116 Mountview Ter 385 Calmace Drive 1940 Rehrmann Dr 850 Stratford Ave 6156 Clark Rd 1625 Park Ln #11 3000 Chestnut Ct 2441 Baltic Dr 1900 Larchmont Cir 2009 Bluebird Wy 2277 Nottingham Dr 773 Laguna Ct 2724 Soho Ln 849 Finch Wy 2100 Burgundy Ct 1106 Charter Ln 3436 Astoria Ct 4599 Turnstone Wy 2825 Rockridge Dr 783 Glacier Wy 443 Mountain Meadows Dr 5134 Napa Shore Drive 3422 Glen Ellen Dr 714 Tuscany Ct 2152 Fieldcrest Ave 2643 Seminole Cir 385 Paradise Pines 2739 Rumsey Canyon Court 1015 Humphrey Dr 51 Montego Ct 1001 Pintail Dr 609 Golden Eye Wy 810 Greenhead Wy 1766 Stoneman Dr 125 Del Rio Ct #2 128 Glacier Cir 1648 Amapola St 207 Madrone St 343 Springvalley Dr 175 Court Wy 1212 Needham Dr 240 Grape St 686 Marshall Rd 407 Deodara St 937 Westgate Drive 131 American Way 1860 Southwood Drive 260 Heritage Ln 718 Oakmeade Dr 459 Valencia Ln
CITY Benicia Dixon Dixon Dixon Dixon Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Fairfield Rio Vista Rumsey Suisun City Suisun City Suisun City Suisun City Suisun City Suisun City Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville
BEDS 4 3 4 4 4 2 4 3 2 4 3 3 3 3 3 3 3 4 5 4 4 3 4 4 4 6 2 3 4 3 4 4 3 4 2 2 4 3 3 3 4 3 3 3 3 3 4 3 4 4
BA (F/H) 3/0 2/1 2/1 3/0 4/0 1/0 2/0 1/0 2/0 2/0 2/0 2/0 3/0 2/0 2/0 3/0 2/0 2/1 3/0 2/1 3/0 2/1 3/0 3/0 2/1 4/1 2/0 2/0 2/0 2/0 2/0 2/1 2/0 2/1 1/1 2/0 2/0 2/0 2/0 2/0 2/0 2/0 2/0 2/0 2/0 3/0 2/0 3/0 2/1 2/0
SQ. FT. 2,288 1664 2220 3,355 5906 794 1,877 1136 1187 1584 1463 1350 1,424 1300 1540 1967 1584 2110 2616 1775 2614 2269 3287 2356 3156 4760 1,154 2580 1563 1342 1308 1904 1440 2136 952 1424 1,433 1286 1247 1247 1257 1672 1402 1168 1328 1,684 2120 1,711 1755 1,497
LOT/AC 0.11 0.17 0.161 0.24 78.98 0.018 0.18 0.09 0.291 0.12 0.13 0.13 0.03 0.13 0.149 0.142 0.22 0.078 0.103 0.166 0.138 0.14 0.229 0.252 0.261 0.283 0.10 20.00 0.14 0.14 0.16 6534sf 0.13 3489sf 0.006 0.13 0.13 0.11 0.16 0.13 0.13 0.12 0.18 0.13 0.14 0.06 0.14 0.07 0.13 0.18
MLS # 322031987 322024597 322058829 322046221 322047718 322042076 322058120 322055352 322042533 322037450 322053655 322047747 322051816 322053377 322059338 322047148 322053846 322040673 322051141 322059293 322061045 322057956 322029030 322050842 322033269 322053521 322050264 222044223 322056250 322047267 322055849 322055758 322033208 322052962 322039789 322046875 322053766 322040262 322053473 322056300 322055577 322058654 322059279 322059937 322061607 322055547 322059314 322027821 322021041 322048617
PRICE $610,000 $611,000 $615,000 $630,000 $635,000 $639,000 $639,000 $662,880 $665,000 $674,950 $699,000 $724,999 $725,000 $730,000 $780,000 $865,000 $875,000 $875,000 $885,000 $995,000 $1,095,000 $1,200,000 $1,299,000 $457,000 $560,000 $569,000 $649,000 $714,950 $689,500 $895,000 $1,495,000
ADDRESS 854 Cameron Ct 212 Vineyard Valley Wy 785 Monaghan Cir 731 Fawn Ct 680 Brazelton Cir 133 Alamo Dr 751 Embassy Circle 509 Blarney Cir 607 Edenderry Dr 379 Timber Dr 330 Woodside Circle 512 Del Mar Cir 227 Wisteria Cir 408 Evergreen Dr 225 Boulderidge Ct 9024 Indigo Ct 467 Royal Tern Dr 606 Hillcrest Cir 520 Wellington Wy 150 Hidden Glen Court 230 Deer Branch Ln 7270 Summerwood Ln 842 Elderberry Loop 911 Point Reyes Ct #8 144 George Cir 1728 Napa St 12 E Shoal Dr 411 Rickover St 3931 Central Ln 8457 Pleasants Valley Rd 26518 Country Road 34
CITY Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vacaville Vallejo Vallejo Vallejo Vallejo Vallejo Winters Winters Winters
LOTS & LAND
BEDS 3 3 3 4 3 3 3 3 4 4 4 4 4 4 5 5 5 4 4 4 4 4 5 2 3 3 3 3 3 2 3
Your Home Improvement Specialists BA (F/H) SQ. FT. 2/1 1778 2/0 1591 2/0 1708 3/0 2,124 2/0 1,484 2/1 2039 2/1 1669 3/0 1,822 3/0 2,143 2/1 2048 2/1 2048 3/0 2,409 4/0 2,100 3/0 2,048 3/0 2225 4/0 2,841 5/0 4,082 2/0 2202 3/1 3600 2/0 3355 3/1 3462 3/0 2,552 4/1 4058 1/0 959 2/0 1348 2/0 1530 2/1 1795 2/1 2203 2/0 1782 1/0 5/0 3,135
LOT/AC 0.255 0.109 0.185 0.21 0.11 9147sf 0.08 0.09 0.14 0.19 0.18 0.15 0.2 0.18 0.175 0.14 0.14 0.233 0.19 0.73 0.408 5 0.295 0.01 0.17 0.106 0.044 0.096 5.52 22.16 20.03
MLS # 322050158 322058399 322044969 322049111 322046297 322045750 322050795 322059041 322048361 322038252 322035855 322048126 322054561 322060889 322047795 322058608 322027703 322054244 322041654 322042679 322051130 322045481 322043728 322059111 322058688 322037217 322047542 322028120 322032322 321006700 222005840
AM MIGO Lawn Maintenance Services
Service: Lawn size: Mow & Blow Basic w/Trim Full Service
Small* $35 $45 $55
Med* $45 $55 $65
Large* $55 $70 $80
*All prices are per visit
ph
427-3357
707
cell
398-5328
707
CA Lic #843586
Accumulation of pollen, leaves, dust, wildfires and more will affect panels and cause their efficiency to drop. We also offer bird netting estimates and services!
Call today for an estimate to clean your solar panels. 1270 Callen Street Vacaville
707-448-8222
solarbutlerllc.com
PRICE $459,000 $4,500,000 $500,000 $1,250,000 $265,000 $359,950 $424,900 $549,000 $895,000 $15,000,000 $775,000
ADDRESS 7215 Pleasants Valley Rd 6156 Clark Rd 360 Butcher Rd 8362 Auction Ln 2060 Pincrest Ct Gibson Canyon 3757 Wild Oak Trl 3745 Wild Oak Trl 8457 Pleasants Valley Rd Mankas 7070 Bucktown Lane
CITY LOT/AC Vacaville 6 Dixon 78.98 Vacaville 1.10 Dixon 2.16 Vacaville 1.15 Vacaville 1.55 Vacaville 4.96 Vacaville 5 Winters 22.16 Fairfield Vacaville 5.26
PRICE $130,000
ADDRESS 1597 Alamo Dr #114
CITY Vacaville
SUB TYPE AGRI AGRI COMM COMM RESA RESA RESA RESA RESA RESA RESI
MOBILE/FLOATING
BEDS BA(F/H) SQ. FT 2 2/0 1056
MLS# 322010137 322049465 321098151 322014651 322048328 22029146 322061715 322061705 321000406 21825708 322057678 MLS # 322053472
6WDU 6HUYLFH 6WDU 3ULFH REMODEL LIGHTING INDUSTRIAL RESIDENTIAL
2))
(707) 448-8222
SOLAR DESIGN SERVICE COMMERCIAL
:,7+ 0(17,21 2) 7+,6 $'
Licensed, Insured, and Bonded
VEelectric.com
Lic. #1066269
Call 707-427-6927 to advertise here
To advertise your business here, contact your sales representative or (707) 425-4646
8 Friday, July 1, 2022 — DAILY REPUBLIC
OPEN HOU
OPEN HOU
SE
SE
Open House Saturday 1-3PM 842 Elderberry Loop, Vacaville
Open House Sat 11-2 Sun 1:30-3:30 13 Amador Circle, Rio Vista
NEW PRICE! Beautiful Browns Valley 4 Bedroom 3.5 bath + large office/library w/1BR 1BA ADU/Apt above 3 car gar. Spacious kitchen w/granite counters, tile floors. FR with fireplace, formal living room and dining room and so much more! $1,299,000
Beautiful remodeled 3-4 bed/2.5 bath home has newer kitchen & baths, salt water pool w/solar heating, spa & bbq kitchen w/ bar & fire pit, refrigerator, freezer & more. Master has sitting area & deck. RV & boat parking. No rear neighbors. $699,900
Sandy Stewart & Associate
ON THE MARKET
REALTORS® DRE#01038978
(707) 696-7063
FOR THIS WEEKEND July 2nd & 3rd
Having an Open House? Advertise your upcoming Open House in the HomeSeller and receive an additional run in the Daily Republic on Sunday and on DailyRepublic.com Friday, Saturday and Sunday! Call today to reserve your space.
707.427.6927
Ralene Nelson
REALTOR® BRE#01503588
(707) 334-0699