06-01-2011, 06:35 PM
Location: West Contra Costa County, CA
24 posts, read
29,453 times
Reputation: 30
So what's with all of these houses in Sacramento county for under 100,000?
Hi everyone,
I have been looking at zillow lately and I am amazed to find that there are tons of homes in the Sacramento area for under 100,000. Some are even around 70,000, and quite a few are in decent cities. I thought they would all be trash at first, but looking closer, I have found houses in Citrus Heights in the upper 80's and 90's, in Arden/Arcade for even less, and also a handful in Carmichael. Sure, most all of them need updating and some are fixers, and most of them are around around 900-1200 sq. ft. But, am I missing something here? Is the housing market that bad in Sac county that homes are selling for less than 100 in places like Carmichael and Citrus Heights? Take a look for yourself if you don't believe me, there are dozens of homes under 100,000 even in the better cities of sac county (notice I am not including North Highlands or Rancho Cordova, there's too many to count there). I am talking about Carmichael, Citrus Heights, Arden/Arcade, and some areas of the city of Sacramento, mostly. What do you guys think? Too good to be true?
Here are just some examples:
2900 Bell St, Sacramento, CA 95821 MLS# 11033245 - Zillow
913 Rood Ave, Sacramento, CA 95838 MLS# 11024173 - Zillow
http://www.zillow.com/homedetails/73...ist-address%7D
2611 Granite Way, Sacramento, CA 95821 MLS# 11036167 - Zillow
7024 Van Maren Ln, Citrus Heights, CA 95621 MLS# 10095420 - Zillow
http://www.zillow.com/homedetails/61...ist-address%7D
Last edited by BayAreaGuy87; 06-01-2011 at 06:44 PM ..
06-01-2011, 06:50 PM
Location: Sacramento
251 posts, read
368,849 times
Reputation: 86
Quote:
Originally Posted by
BayAreaGuy87
Hi everyone,
Yes.
Ready to move yet?
06-01-2011, 07:29 PM
Location: El Dorado Hills, CA
2,253 posts, read
1,632,073 times
Reputation: 1934
Most of these homes have serious issues. When the listing says "TLC needed", it doesn't mean cosmetic repairs. I have seen large holes in roofs with the associated mold and wood rot. I've seen what looks like dripping pipes that must have been dripping for years. I've been in a Short Sale house on Bell St (not the one above) at that price and I was amazed anyone lived there it was so awful. I have yet to see a house under $100K that anyone would be able to live in without significant investment in repairs.
06-01-2011, 08:00 PM
Location: Sacramento CA
1,342 posts, read
731,801 times
Reputation: 295
If it looks too good to be true, then it probably is as they say.
06-01-2011, 11:43 PM
Location: West Contra Costa County, CA
24 posts, read
29,453 times
Reputation: 30
Quote:
Originally Posted by
NinaN
Most of these homes have serious issues. When the listing says "TLC needed", it doesn't mean cosmetic repairs. I have seen large holes in roofs with the associated mold and wood rot. I've seen what looks like dripping pipes that must have been dripping for years. I've been in a Short Sale house on Bell St (not the one above) at that price and I was amazed anyone lived there it was so awful. I have yet to see a house under $100K that anyone would be able to live in without significant investment in repairs.
Even the ones that are like at 99,000 and are barely 1,000 sq ft? I've seen some that don't say anything about TLC or damage, and the insides look pretty decent.
06-02-2011, 01:42 AM
246 posts, read
85,450 times
Reputation: 88
There are ****ty parts in Arden Arcade, Citrus Heights, and Carmichael, just like there are in every other city in the area.
06-02-2011, 01:59 AM
Location: Bryte, CA
1,897 posts, read
1,761,617 times
Reputation: 1162
I looked at houses for close to a year. I don't think I've seen a single short sale that had the stove and dishwasher in them. Either the owners take them thinking they are screwing the banks, or someone else goes in there and takes them.
06-02-2011, 11:05 AM
Location: Sacramento
251 posts, read
368,849 times
Reputation: 86
I'm looking at houses too. Any 100G is gonna need 20,000$ of work. You won't be able to qualify for FHA in a house missing things like heat and and a stove. So that's why prices keep falling.
06-02-2011, 02:59 PM
Location: Bella Vista, Ark
39,715 posts, read
26,391,407 times
Reputation: 14657
Quote:
Originally Posted by
BayAreaGuy87
Hi everyone,
I have been looking at zillow lately and I am amazed to find that there are tons of homes in the Sacramento area for under 100,000. Some are even around 70,000, and quite a few are in decent cities. I thought they would all be trash at first, but looking closer, I have found houses in Citrus Heights in the upper 80's and 90's, in Arden/Arcade for even less, and also a handful in Carmichael. Sure, most all of them need updating and some are fixers, and most of them are around around 900-1200 sq. ft. But, am I missing something here? Is the housing market that bad in Sac county that homes are selling for less than 100 in places like Carmichael and Citrus Heights? Take a look for yourself if you don't believe me, there are dozens of homes under 100,000 even in the better cities of sac county (notice I am not including North Highlands or Rancho Cordova, there's too many to count there). I am talking about Carmichael, Citrus Heights, Arden/Arcade, and some areas of the city of Sacramento, mostly. What do you guys think? Too good to be true?
Here are just some examples:
2900 Bell St, Sacramento, CA 95821 MLS# 11033245 - Zillow
913 Rood Ave, Sacramento, CA 95838 MLS# 11024173 - Zillow
7349 Oakberry Way, Citrus Heights, CA 95621 MLS# 11027514 - Zillow
2611 Granite Way, Sacramento, CA 95821 MLS# 11036167 - Zillow
7024 Van Maren Ln, Citrus Heights, CA 95621 MLS# 10095420 - Zillow
6100 Coyle Ave, Carmichael, CA 95608 MLS# 11028437 - Zillow
I think you answered your own question, plus remember the best cities have bad areas. Add to that, the housing market in Ca, according to this mornings paper has suffered more than anywhere else in the country.
Oh and remember fixer uppers or homes that need updating can cost more for the work than the cost of the property. I know our daughter, who keeps her property in prestine condition is going through this right now. YOu have no idea how much she and hubby have put into the house in the past year and it isn't in Ca.
Nita
06-02-2011, 07:34 PM
Location: Sprackramento metro
3,832 posts, read
2,927,694 times
Reputation: 2432
Quote:
Originally Posted by
BayAreaGuy87
Hi everyone,
I have been looking at zillow lately and I am amazed to find that there are tons of homes in the Sacramento area for under 100,000. Some are even around 70,000, and quite a few are in decent cities. I thought they would all be trash at first, but looking closer, I have found houses in Citrus Heights in the upper 80's and 90's, in Arden/Arcade for even less, and also a handful in Carmichael. Sure, most all of them need updating and some are fixers, and most of them are around around 900-1200 sq. ft. But, am I missing something here? Is the housing market that bad in Sac county that homes are selling for less than 100 in places like Carmichael and Citrus Heights? Take a look for yourself if you don't believe me, there are dozens of homes under 100,000 even in the better cities of sac county (notice I am not including North Highlands or Rancho Cordova, there's too many to count there). I am talking about Carmichael, Citrus Heights, Arden/Arcade, and some areas of the city of Sacramento, mostly. What do you guys think? Too good to be true?
Here are just some examples:
2900 Bell St, Sacramento, CA 95821 MLS# 11033245 - Zillow
913 Rood Ave, Sacramento, CA 95838 MLS# 11024173 - Zillow
7349 Oakberry Way, Citrus Heights, CA 95621 MLS# 11027514 - Zillow
2611 Granite Way, Sacramento, CA 95821 MLS# 11036167 - Zillow
7024 Van Maren Ln, Citrus Heights, CA 95621 MLS# 10095420 - Zillow
6100 Coyle Ave, Carmichael, CA 95608 MLS# 11028437 - Zillow
Housing prices are more in tune with average incomes here.
I know this concept is foreign in the bay area, but it will sink in if you let it.
Please register City-data.com
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Population density (people per square mile)
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Population - Males (%)
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Family households with own children (%)
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Vacant housing units (%)
Owner occupied housing units (%)
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Marital status - Never married (%)
Marital status - Now married (%)
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Marital status - Widowed (%)
Marital status - Divorced (%)
Likely homosexual households (%)
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Mean house or condo value by units in structure - 1, detached ($)
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Mean house or condo value by units in structure - 2 ($)
Mean house or condo value by units in structure by units in structure - 3 or 4 ($)
Mean house or condo value by units in structure - 5 or more ($)
Mean house or condo value by units in structure - Boat, RV, van, etc. ($)
Mean house or condo value by units in structure - Mobile home ($)
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Vacancy status - For rent (%)
Vacancy status - For sale only (%)
Vacancy status - Rented or sold, not occupied (%)
Vacancy status - For seasonal, recreational, or occasional use (%)
Vacancy status - For migrant workers (%)
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Housing units in structures - 1, detached (%)
Housing units in structures - 1, attached (%)
Housing units in structures - 2 (%)
Housing units in structures - 3 or 4 (%)
Housing units in structures - 5 to 9 (%)
Housing units in structures - 10 to 19 (%)
Housing units in structures - 20 to 49 (%)
Housing units in structures - 50 or more (%)
Housing units in structures - Mobile home (%)
Housing units in structures - Boat, RV, van, etc. (%)
Year house built - Built 2005 or later (%)
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Year house built - Built 1990 to 1999 (%)
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Year householder moved into unit - Moved in 1999 to March 2000 (%)
Year householder moved into unit - Moved in 1995 to 1998 (%)
Year householder moved into unit - Moved in 1990 to 1994 (%)
Year householder moved into unit - Moved in 1980 to 1989 (%)
Year householder moved into unit - Moved in 1970 to 1979 (%)
Year householder moved into unit - Moved in 1969 or earlier (%)
Residents speaking English at home (%)
Residents speaking English at home - Born in the United States (%)
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Geographical mobility - Same house 1 year ago (%)
Geographical mobility - Moved within same county (%)
Geographical mobility - Moved from different county within same state (%)
Geographical mobility - Moved from different state (%)
Geographical mobility - Moved from abroad (%)
Residents with income below the poverty level (%)
Residents with income below 50% of the poverty level (%)
Children below poverty level (%)
Poor families by family type - Married-couple family (%)
Poor families by family type - Male, no wife present (%)
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Poverty status for native-born residents (%)
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Poverty among high school graduates not in families (%)
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Place of birth - Born in state of residence (%)
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People in Group quarters - Institutionalized population (%)
People in Group quarters - Correctional institutions (%)
People in Group quarters - Federal prisons and detention centers (%)
People in Group quarters - Halfway houses (%)
People in Group quarters - Local jails and other confinement facilities (including police lockups) (%)
People in Group quarters - Military disciplinary barracks (%)
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People in Group quarters - Nursing homes (%)
People in Group quarters - Hospitals/wards, hospices, and schools for the handicapped (%)
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People in Group quarters - Military hospitals or wards for chronically ill (%)
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People in Group quarters - Orthopedic wards and institutions for the physically handicapped (%)
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People in Group quarters - Homes for abused, dependent, and neglected children (%)
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People in Group quarters - Barracks, unaccompanied personnel housing (UPH), (Enlisted/Officer) (%)
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Common Industries - Agriculture, forestry, fishing and hunting, and mining (%)
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Common Occupations - Production, transportation, and material moving occupations (%)
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Class of Workers - Employee of private company (%)
Class of Workers - Self-employed in own incorporated business (%)
Class of Workers - Private not-for-profit wage and salary workers (%)
Class of Workers - Local government workers (%)
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Class of Workers - Federal government workers (%)
Class of Workers - Self-employed workers in own not incorporated business and Unpaid family workers (%)
Means of transportation to work - Drove car alone (%)
Means of transportation to work - Carpooled (%)
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Means of transportation to work - Bus or trolley bus (%)
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Working at home (%)
Educational Attainment - No schooling completed (%)
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Armed forces status - In Armed Forces (%)
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Median household income ($) - Other
Median family income ($) - White
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Median family income ($) - Hispanic or Latino
Median family income ($) - American Indian and Alaska Native
Median family income ($) - Multirace
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Unemployment (%) - White
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Unemployment (%) - American Indian and Alaska Native
Unemployment (%) - Multirace
Unemployment (%) - Other
Median house or condo value ($) - White
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Population - Males (%) - White
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Population - Females (%) - Multirace
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Residents with income below the poverty level (%) - White
Residents with income below the poverty level (%) - Black or African American
Residents with income below the poverty level (%) - Asian
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Median resident age - White
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Median resident age - Multirace
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Average household size - White
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Average household size - Asian
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Average household size - American Indian and Alaska Native
Average household size - Multirace
Average household size - Other
Average family size - White
Average family size - Black or African American
Average family size - Asian
Average family size - Hispanic or Latino
Average family size - American Indian and Alaska Native
Average family size - Multirace
Average family size - Other
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