Interesting Twist on Selling

Huge Price Reduction?

This looks like a very nice home in San Martin although the location is very close to Monterey Road. This 5 Bedroom/3.5 Bath home has 4400 square feet on 2.5 acres with a 4 car garage and is only 8 years old. Originally listed for $1,488,000, they just reduced it to $799,888 which puts it at about $181.79 per square foot. Sounds like a very nice single story with lush landscaping, iron gate, gourmet kitchen, hardwood floors & the works. If the location doesn't bother you then this is a great deal.

One thing to think about is resale. In this kind of market, Buyers are not forgiving about location, overhead wires, etc. so this wouldn't be a good buy unless you were planning on staying a while.

Beautiful Cordevalle Property!

Gorgeous Cordevalle Vineyard Estates Property

One of the fun aspects of my work is getting to see a variety of homes (including seeing how the other half lives). This is a beautiful home located at Cordevalle in San Martin. Located at 1285 Lions Peak Lane, some of the highlights include a French Clay Roof, Copper Gutters & Trellis, Vineyard, Stone Courtyard with Pond, Mahogany Floors & Cabinets, Gourmet Kitchen (of course), Master Suite with His & Her Bathrooms & Closets, Detached Gym, Oversize Garages plus more in this 4 Bedroom, 4 Bath Home with 4132 Square Feet and lot size a little over 2 Acres. Plus this Private Gated Community also offers Tennis, Gold, Spa & Fine Dining. Could be yours for $1,999,999! Some homes just have that special feel to them and this is one of those - shows beautiful with a comfortable, well thought out floor plan.

New REO in San Martin

13155 Lincoln Avenue , San Martin

This is a bank owned property located on a 9,900 square foot lot in San Martin. The home has 1582 square feet with 3 bedrooms and 1 1/2 baths. The kitchen has granite counter tops and nice cabinets. There is tile and laminate flooring throughout the home. Needs some TLC but could be a good deal for the right buyer (first time or investment property). The seller is offering $2,000 toward buyer closing costs. There is only one other property in San Martin listed for less (and it's also on Lincoln Avenue).

Bank Owned Property in San Martin

New on the Market in San Martin!



This ranchette has good square footage of 2605 with 5 Bedrooms and 2 1/2 Baths and is located on close to an acre in San Martin at 13985 Sycamore Avenue. It has hardwood floors and a newer roof, shared well and recently passed their septic inspection (according to their agent). As with most bank owned property, they are looking for an as-is sale. Has a bunch of out buildings and is near to 101 but priced at $744,900.

There were 2 recent sales of San Martin homes on about an acre selling. 14005 Harding had less square feet (1802) but better location and sold for $642,000. 1965 Gwinn Avenue also had less square feet but closer (2224) but did not show great and sold for $700,000.


My 2 cents - Could be there is some wiggle room in the price for this ranchette but still it is priced in its range.

Update on the San Martin Incorporation Struggle

San Martin the City?


I love San Martin. There is a certain charm unique to this area where you constantly encounter surprises such as a field of sunflowers, a growth of beautiful wild roses entwined over a fence, pygmy horses, alpacas or even llamas amidst the constant contrast of new construction and old farm homes. There is a lot of charm and personality to be found here in San Martin. But more than the charm, there are a lot of people who live in San Martin who want to be in charge of their own destiny and turn San Martin into its own city.


According to a recent article in the Morgan Hill Times, San Martin cannot incorporate because it is not financially self-sustaining. The county won’t consider paying for its road maintenance or allowing its independence to further drain county coffers as it seeks cityhood. LAFCO, which stands for the Santa County Local Agency Formation Commission, has been discussing San Martin’s plans to being a city since February 2007. If incorporated, the majority of its revenue would come from property taxes and transient occupancy taxes (hotel taxes) as well as vehicle license fees, sales taxes and a proposed utility user’s tax. Not surprisingly, the issue seems to revolve mostly around money. The county’s general fund could stand to lose $870,000 per year if San Martin incorporates. However, there is a strong contingent in the form of the San Martin Neighborhood Alliance who feels strongly that the people of San Martin will do a better job of preserving the real character of the town than the county will.


The latest update from the Morgan Hill Times reports LAFCO voted 4 to 1 to stop all work on the incorporation process at a public hearing last Friday as well as to prepare a resolution to deny the incorporation based on the proponents failure to pay staff fees. However, supporters of the incorporation are not giving up. You can learn more about what they have to say by going to http://www.smneighbor.org/ and hearing their side of the story.

Any comments?