Key Insights on Mammoth Lakes Real Estate
This is something different in the REO world.... This is the "classic" Mammoth fourplex that was very typical of the early 1990's. I sat on the ML Planning Commission during that period and we had public hearings on many of these buildings/developments. There were numerous issues pertaining to density, setbacks, etc. but the Town was eager to see these types of housing units built. Today, they … [Read more...]
The Mammoth foreclosure pipeline will soon take a respite of unknown duration. It’s all part of the ongoing “controlled burn.” The California Legislature is the major culprit this time. I’m not complaining, this happened last summer and it made for a enjoyable summer after a busy fall, winter and spring. Regular real estate keeps me busy enough. But the new California Homeowner’s Bill of … [Read more...]
Here's a townhome that is worthy of either a minor clean-up or a significant remodel. This 2 bedroom + loft / 2.25 bath property really just needs a little paint and TLC and some new carpet and it is ready to furnish and start enjoying. But the MeadowRidge project has allowed some well-thought out remodel improvements that make the units extra nice. Those small remodels include enclosing the entry … [Read more...]
Okay, I know this isn't Mammoth but while there is very little residential inventory under $500,000 in Mammoth, here is a large modern home 20 minutes away in Crowley Lake for only $409,000. That's $113 per square foot for relatively (almost) new construction. There is a giant living room upstairs and kitchen, dining, master bedroom and bath, den/office, and powder room. There are decks front and … [Read more...]
There aren't too many homes in Mammoth coming to the market in the price point, and this is a good one. This is in a desirable location and neighborhood. This is 3 bedrooms plus and den or another bedroom or...? There are 2 bathrooms. There is also a basement that has washer and dryer and the forced air unit and water heater. For heating there is the forced air but also a pellet stove in the … [Read more...]
My original slogan of “expect the unexpected” in the foreclosure and REO realm has recently moved in more twisted directions. While the slow turn of distressed properties continues with owners continuing to occupy properties for REALLY extended periods without making payments, now some of the banks and lenders are actually making it more difficult for qualified buyers to purchase their REOs. … [Read more...]
This oversized Studio is a very popular floorplan because of the extra large kitchen and eating space. And the television is not right on top of the bed. Speaking of beds, this has a king size "Heavenly Bed" made famous by the Westin hotel chain. This is a luxury crash pad that can also generate good income. These are very popular rentals, very much like a hotel room with a kitchen. The view from … [Read more...]
Many years ago I owned the townhome right next door so I know this location has many benefits. Unlike many Snowcreek properties, this one has easy access to Mammoth's Red Line shuttle which services Old Mammoth Road, Main St., The Village and the Main Lodge. It is also close to the spa, and has parking right in front. And over the years I have seen many large bucks hanging out in the open space … [Read more...]
Here's a Snowcreek crashpad looking for a new owner. This bank owned/REO 1 Bedroom / 1 Bath is in pretty good shape overall. It has an EPA certified woodburning insert in the fireplace, it has a custom built-in desk/work station, it has good sun and some Sherwin views. The parking is right out front. The creek/riparian area is in close proximity. The extra alcove opposite the bathroom is empty so … [Read more...]
Here's a new bank owned property that somebody will want. It needs some work but could be made pretty nice without too much effort and expense. OR it could be made very nice with added effort and expense. And it might warrant it. I don't think this is for a buyer who wants big rental income; this is a no amenity project. More like for a buyer looking for a solid utilitarian and comfortable deluxe … [Read more...]
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