Hi Elisabeth-
Erica Pittman-Gaynor with Keller Williams. How are you?

As Glen pointed out this property sold October 24. However, I was inside the place about a month ago and could find out what the back unit would bring in rent with a couple phone calls. Just let me know if you'd still like that info.

We're seeing more investment opportunities in Santa Cruz than we've seen in a long time. With so many homes being foreclosed on or sold in Short Sales, there is a big renters pool. This has driven rent prices up. Inventory is still good, rates still low and prices at an all time low. People who buy now will be sitting pretty in 5-7 years. People who don't will be saying...." I should have."

Let me know if you'd like more info or if you have any other questions.
Have a great day.
Erica
(831)818-4123
erica@ericapittman.com

Hi Elisabeth!
Why do you ask? Are you looking for a first home and need some help with the mortgage?
Are you looking at a similar rental opportunity? Just curious... What three things would move your
dreams forward regarding housing for you?
Terry Ballantyne
Indigo Beach Properties
831 588 8485

Elisabeth, That property was on the market for 26 days and sold for $1,120,000 on 10/24/2008. What type of returns are you looking for? I grew up in a family that managed their own properties, and have an extensive background in investments. Email me your criteria and goals, and I'll see if I can find/point out some properties you should take a look at.

Thanks,

Glen Mitchell
Real Estate Broker
Licensed in Calif. and Hawaii
glenmitchell@remax.net
800-688-5875 (ext 0)