Sebastopol has been somewhat insulated from a lot of the market decline but not immune. Remodeling your home in the last few years gives you more assurances of a higher price than you may looking at if you hadn't done any work to the property but it may not guarantee a "break even" price. Keep in mind that you will have transfer fees and other title/escrow costs not to mention, Realtor fees when you sell a property. These fees are tax deductible any loss would be as well.
I would reccomend that you have a few local Realtors come by and do a Market Analysis with you and let them see your improvements. I remember seeing you home years ago and I am sure the work you have done will pay off.
The market is doing better than it was and some light is visible at the end of the tunnel. The biggest challenge now is competing with the foreclosure market that is in full swing around us.
If you need anything, please don't hesitate to contact me.
Best to you,
Kenneth Schrier Real Estate Group
CPS Property Advocates
I remember your home from its marketing in 2006. As I recall it had an intriguing second 'wing'. The improvements sound great, and I'm also curious as to whether you've done any internal reconfiguring. The house shows on the tax records as approximately 1852 square feet on a .38 acre lot, originally built in 1954. To be completely honest with you, the July 2006 period was at or near the Sebastopol peak of market, and it would be irresponsible of any Realtor, even one very familiar with Sebastopol neighborhoods, to assure you in this forum that you could definitely achieve your original investment and the improvement costs of what you've done since your purchase. The only way a Realtor could fully and responsibly inform you of this potential would be to view your home, review recent comparables with you in detail, review the costs of selling your home, and then let you decide whether or not it was time to sell. If you were represented by a Realtor in your 2006 purchase and if you have confidence in him or her, that would be a good place to start. Consulting another one or two Sebastopol neighborhood experts would also be a good idea, as this way you would get maximum input to make your decision. Finally, please don't put too much stock in the data returned to you by sites like Zillow, or by boiler-plate estimates of your home's worth sent by mortgage companies, etc., as each home's market value is very individual. Especially country property where the houses aren't cookie cut like suburban subdivisions...
I hope my comments are useful and I wish you the best.