Home Buying in San Carlos>Question Details

sguc, Home Owner in San Carlos, CA

How much does a busy street or intersection affect property value in San Carlos?

Asked by sguc, San Carlos, CA Wed Feb 6, 2013

I know this market is crazy so how much less (in your opinion obviously) would a house on a busy street be worth. Let's say a 3/2, somewhat remodeled, on a nice sized lot. In a quiet street in White Oaks, this would go for 1.1-1.3 million, so how much less for the busy street? Thanks!

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7
Hi,

San Carlos is the exception to the rule- as demand is so high. White Oaks is so popular that you may take a marginal reduction. How big is the yard?

Laura Bertolacci, Broker
http://www.laurabertolacci.com
0 votes Thank Flag Link Sat Jun 1, 2013
Hi sguc,

In this marketplace, the question of "value" is simply answered through the offers that appear on "offer day". There has NOT been a single house that has sold (after having been placed onto the Multiple Listing Service) without multiple offers in the flat section of San Carlos in a long, long time. I'm sure my peers would concur...awesome time to sell in San Carlos, frustrating time to buy. As a Seller, you hold all the "cards".
0 votes Thank Flag Link Wed Feb 13, 2013
Hello, That area is not as busy as the Alameda, for sure, I really don't think there's a problem with the value. Out of area Agents have no idea what is happening here, it's a jungle!!
0 votes Thank Flag Link Mon Feb 11, 2013
You could do an intensive survey; comparing addresses on busy streets with those 1-3 blocks away, but I'm not sure what it would prove: You would also have to allow for other differences in the lots and the houses. I'm not sure the results would be valid or meaningful.

What I have seen, is that there are some buyers who will accept a bust street, and others who will blanketly NOT!

This would be a mataphor for 1 story and 2 story houses; how much would you have to lower the price, for a person to buy a house that they say; they wouldn't buy?
And what does that prove?
0 votes Thank Flag Link Mon Feb 11, 2013
Hello, No promises of $$$ or "rebates"

Just an honest opinion. sometimes a busy intersection will affect the value, sometimes not. I sold a home on the Alameda in San Mateo with the same "defect" but it sold for an excellent price. It really depends of the condition of the home, and the size of the lot. White Oaks is a very much sought after area. I don't think it will affect the value of your home.

http://www.phyllisfindshomes.com
650-315-8904
0 votes Thank Flag Link Mon Feb 11, 2013
This is an excellent question, and It's a hard one to put a dollar value on it. In a hot sellers market, the easy answer is probably not that much, but in a normal real estate market, it could prove to be a deal breaker.

You may be able to get better price because of the busy street, but remember, when it comes time to sell your not going to get market value.

Best of luck,

Tap
http://www.DavidTapper.com
http://www.TeamTapper.com
Tap@cbnorcal.com
650-403-6252
0 votes Thank Flag Link Wed Feb 6, 2013
It would certainly depend on what busy street we're talking about. For Brittan Avenue, perhaps as much as $75k. If we're talking busy like St Francis, perhaps not at all. And in this tight seller's market the perceived home values seem to be changing upward on almost a daily basis.
0 votes Thank Flag Link Wed Feb 6, 2013
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