Find a Broker™

New Listing- Union City

4552 Delores Drive, Union City CA 94587

Nestled in the charming Pioneer neighborhood of Union City. Close to Union Landing Shopping Center, schools, Coyote Hills trail, and many parks. Close to 880 & 84 & 92, BART. One bed and bathroom downstairs. Formal living room, complete with a cozy fireplace. The gourmet kitchen is equipped with stainless steel appliances. Formal dining room with views of the backyard. Recessed lighting, plantation shutters, and new flooring throughout. Fenced front yard and large side yard. Mature trees and fruit trees surround the property. Backyard has patio and grass areas.

Listed for $1,500,000

If you’re considering a move or investment and require a trusted Real Estate Broker, we’re here to assist you. Contact us via email at TEAM@McDanielCallahan.com, complete the form below, or give us a call at 925-838-4300. We are ready to provide expert guidance and support for all your real estate needs. Terry McDaniel DRE License #00941526

The Value of Views: How Scenic Vistas Boost Home Prices

Imagine waking up to the sight of rolling mountains, a serene lake, or a lush golf course right outside your window. Views like these evoke feelings of tranquility and beauty, but do they also enhance the value of your home? Let’s see the impact of scenic vistas on property prices and whether investing in a home with a view is worth it.

Ocean, Mountains, and Lakes: The Allure of Nature’s Majesty Studies show that homes with waterfront views command premium prices. According to research conducted by Redfin, properties with waterfront views can sell for up to 116% more than similar homes without such views [1]. Similarly, homes overlooking mountains or lakes often carry higher price tags due to their aesthetic appeal and recreational opportunities.
Golf Courses and Open Spaces: Greenery and Serenity Living near a golf course or expansive open space offers more than just picturesque views; it also enhances property values. The National Association of Realtors reports that homes adjacent to golf courses can sell for 8% to 12% more than comparable properties [2]. Similarly, proximity to parks and greenbelts correlates with increased home prices, as buyers value the access to recreational amenities and the sense of spaciousness.
Factors Influencing View Premiums Several factors influence the premium associated with scenic views, including the quality and visibility of the view, the scarcity of similar properties, and the overall desirability of the location. Additionally, views that offer privacy and tranquility tend to command higher premiums, as they enhance the homeowner’s quality of life and sense of well-being.

Investing in a home with a view can be a wise decision, not only for the visual appeal but also for the potential increase in property value. Whether it’s an oceanfront retreat, a mountain vista, or a golf course haven, scenic views add a touch of luxury and serenity to any home. As you weigh your options, consider the long-term benefits of owning a property with a view and the potential return on investment it may offer.

[1] Source: Redfin – https://www.redfin.com/blog/homes-with-waterfront-views-sell-for-116-more/ [2] Source: National Association of Realtors – https://www.nar.realtor/research-and-statistics/research-reports/nar-and-golf-special-report

Revealed: The Healthiest Cities in America – Is Your City on the List?

In a recent report by WalletHub, the healthiest and unhealthiest cities in the United States have been unveiled, shedding light on the factors that contribute to a healthy lifestyle. From access to healthcare to green spaces and healthy food options, these rankings provide valuable insights into the well-being of communities across the country. Let’s delve into the findings and see where cities in California stand on the list.

The Top Contenders: Topping the charts as the healthiest city in America is none other than San Francisco, California. With its abundance of hiking trails, healthy restaurants, and physically active adults, San Francisco sets the standard for promoting a healthy lifestyle. Not far behind is San Diego, ranking as the fourth healthiest city nationally and leading the pack in Southern California.

Factors Contributing to Health: WalletHub’s analysis considered a range of factors across four categories: healthcare, food, fitness, and green space. Metrics such as the cost of medical visits, fruit and vegetable consumption, and the availability of hiking trails were taken into account. These indicators provide a comprehensive overview of the factors that contribute to a community’s overall health and well-being.

The California Landscape: While cities like San Francisco and San Diego shine as beacons of health, other California cities also make a strong showing on the list. From Irvine to Los Angeles, Huntington Beach to Glendale, numerous cities in the Golden State are recognized for their commitment to promoting healthy living. However, not all cities fare as well, with Fontana ranking as the unhealthiest city in California.

Addressing Health Disparities: The report’s findings highlight the disparities in health outcomes across different regions and communities. While some cities boast ample resources and amenities to support healthy lifestyles, others struggle to provide access to healthcare and nutritious food options. Recognizing and addressing these disparities is essential for promoting health equity and ensuring that all individuals have the opportunity to thrive.

Moving Forward: As we reflect on the findings of WalletHub’s report, it’s essential to recognize that the pursuit of health is a collective endeavor. By fostering partnerships between government, businesses, healthcare providers, and community organizations, we can create environments that support healthy living for all residents. Whether it’s investing in infrastructure for physical activity, promoting access to fresh produce, or expanding healthcare coverage, there are countless opportunities to make positive changes that benefit our communities.

WalletHub’s latest report provides valuable insights into the healthiest and unhealthiest cities in America, offering a glimpse into the factors that shape our well-being. From San Francisco to San Diego and beyond, cities across California are leading the way in promoting healthy living. However, there is still work to be done to address disparities and ensure that everyone has the opportunity to live a healthy, fulfilling life. By working together, we can create healthier communities and build a brighter future for all.

https://wallethub.com/edu/healthiest-cities/31072

Maximizing Your Home Equity: Understanding IRS Section 121 for Tax Benefits

As home values continue to rise, many homeowners find themselves sitting on substantial equity. What some may not realize is that this presents a unique opportunity for tax benefits, thanks to IRS Section 121. This provision allows eligible homeowners to exclude a significant portion of capital gains from the sale of their principal residence. Let’s look into the details of Section 121, its requirements, and how you can leverage it to maximize your home equity.

Understanding IRS Section 121: IRS Section 121 offers a valuable tax benefit for homeowners looking to sell their primary residence. Under this provision, married taxpayers filing jointly can exclude up to $500,000 of capital gains from the sale, while single filers or married individuals filing separately can exclude up to $250,000.

Requirements for Eligibility: To qualify for the benefits of Section 121, homeowners must meet certain criteria:

Ownership and Use: The property must have been owned and used as the principal residence for at least two out of the last five years leading up to the sale.
Exclusion History: Homeowners should not have excluded gain from the sale of another home within the two years preceding the current sale.
1031 Exchange: The property should not have been acquired through a 1031 exchange within the past five years.

Calculating Capital Gains: Capital gains are calculated by subtracting the property’s basis (purchase price plus capital improvements) from the selling price, minus any sales costs. Gains exceeding the exclusion amounts are subject to capital gains tax, which varies from 0% to 20% based on the taxpayer’s adjusted gross income in the year of the sale.

Exceptions and Considerations: Certain exceptions may apply, such as in cases of divorce, death of a spouse, or military service. It’s essential to consult IRS Publication 523 and seek advice from a tax professional to understand your specific situation thoroughly.

Maximizing Benefits: By understanding the nuances of IRS Section 121, homeowners can maximize their tax benefits when selling their primary residence. Planning ahead, ensuring compliance with eligibility requirements, and seeking professional guidance can help optimize savings and make the most of your home equity.

It’s crucial for homeowners to explore all available avenues for maximizing their assets. IRS Section 121 offers a valuable opportunity to exclude significant capital gains from the sale of a primary residence, providing a substantial tax benefit. By understanding the requirements, calculating capital gains accurately, and seeking expert advice, homeowners can leverage this provision to unlock the full potential of their home equity.

Some exceptions for divorce, death of a spouse, or military service may apply. For more information, see IRS Publication 523 and download our Homeowners Tax Guide. It is always advisable to seek the counsel of your tax professional for your particular situation.

New Listing-Walnut Creek Condo

360 N. Civic Drive, Unit 412, Walnut Creek CA 94596

$415,000 1 bed 1 bath

Open Sunday April 7th, from 1-4

This exceptional end unit boasts privacy with no neighbors above and only one shared wall.

Natural light floods the living space with countless windows framing picturesque views of the main pool. This generously sized 1-bedroom features one large balcony and one deck. Updated gourmet kitchen, complete with sleek stainless steel appliances. The spacious dining and living areas provide ample room for gatherings, enhanced by a striking custom wood accent wall that adds warmth and character to the space.

Updated bathroom, offering modern amenities and refined finishes. The amenities offered by the HOA include access to three pools and spas, stay active in the workout facility, enjoy friendly competition in the billiard room, or rejuvenate in the sauna. Plus, with Easy and direct access to Iron Horse Trail making for convient access to walk/bike downtown to Pleasant Hill and Walnut Creek and so much more, every day feels like a vacation.

Convenience is key, and this condo delivers. Located minutes from downtown, 2 BART stations, and major freeways.

Unlocking the Wealth of Homeownership: A Look at Rising Housing Wealth and the Role of Realtors®

In the ever-evolving landscape of real estate, homeownership stands as a cornerstone of financial stability and wealth accumulation. Recent data from the Federal Reserve paints a picture of unprecedented growth in housing wealth, underscoring the enduring value of property ownership in the United States.

The Surge in Housing Wealth

According to the Federal Reserve, household real estate valuation soared to a staggering $44.8 trillion by the end of 2023. This remarkable figure represents a substantial increase from previous years, with total mortgage liability resting at $13.1 trillion. As a result, the household housing net worth reached an impressive $31.8 trillion, marking a gain of nearly $2 trillion from the previous year and an astounding $20 trillion from a decade ago.

Challenges for First-Time Buyers

Despite the allure of homeownership, first-time buyers face a myriad of challenges on their journey to purchasing a home. Saving for a down payment, understanding the home buying process, and navigating through paperwork are just a few hurdles that prospective buyers encounter. However, amidst these challenges, one beacon of support shines through: the Realtor®.

The Role of Realtors®

Realtors® play a pivotal role in guiding buyers through the complex process of purchasing a home. With their expertise, knowledge, and dedication, Realtors® help first-time buyers navigate the intricacies of the real estate market, making the journey smoother and more manageable. According to recent data, over 90% of buyers worked with a Realtor®, highlighting the invaluable assistance provided by these professionals.

Client Satisfaction and Recommendations

The impact of Realtors® on client satisfaction cannot be overstated. A significant majority of home buyers and sellers expressed satisfaction with their Realtor®, with 75% stating that they would definitely use or recommend their specific agent again. An additional 15% indicated that they would probably do so, underscoring the high level of trust and confidence placed in Realtors® by their clients.

A Testament to Success

The surge in housing wealth underscores the enduring value of homeownership as a wealth-building tool. Despite the challenges faced by first-time buyers, the guidance and support provided by Realtors® have proven invaluable in navigating the complexities of the real estate market. As clients continue to accumulate housing wealth, their satisfaction and loyalty to their Realtors® serve as a testament to the profound impact of these professionals in shaping successful real estate transactions and fostering long-term financial stability.

In the journey of homeownership, Realtors® stand as trusted allies, guiding clients towards their real estate goals and unlocking the wealth-building potential of property ownership.

Embracing Humanity in Real Estate: A Tale of Connection and Compassion

There are moments that transcend mere transactions and become heartwarming stories of connection and compassion. Allow me to share one:

Yesterday, Sarah showed up to a final walk-through just before closing with her buyers. This is the pivotal moment where they ensure the house is in the same condition, or better, as when they first toured it. As Sarah approached the door, she couldn’t help but notice the perplexing look on the seller’s face as she greeted her.

It turned out that they had misunderstood the closing date and were still in the process of moving out and making final touch-ups, including painting a bathroom! They were clearly mortified by the misunderstanding. But instead of frustration, Sarah reassured them with a smile, reminding them that in the grand scheme of things, it’s just real estate, and everything would work out fine.

Soon after, Sarah’s buyers arrived, U-Haul in tow. As she explained the situation to them, they surprised her with their response: “This is great! We’ve been wanting to meet them!” Their genuine enthusiasm warmed Sarah’s heart.

Sarah’s clients, far from being impatient or upset, encouraged the sellers to take their time and even invited them to join them for the dinner she had provided. In that moment, the tension melted away, replaced by a sense of unity and mutual respect.

This experience served as a powerful reminder that real estate doesn’t have to be a battleground with winners and losers. It can be a collaborative effort where all parties come together with grace, understanding, and a shared goal of ushering one family out while another eagerly takes their place.

In a world often characterized by competition and conflict, moments like these stand as hope, reminding us of the kindness and compassion that exist within us all. And for Sarah, it’s stories like these that make every day in real estate truly special.

Navigating the Current Real Estate Landscape: Mortgage Rates, Spring Listings, and Buyer-Seller Dynamics

As we step into spring, the real estate market is abuzz with activity, driven by a complex interplay of factors ranging from mortgage rates to listing trends and buyer-seller dynamics. Let’s delve into the latest developments shaping the housing market and explore what homebuyers and sellers can expect in the coming months.

Mortgage Rate Movement

Following the Federal Reserve’s decision to maintain benchmark borrowing rates, mortgage rates saw a modest uptick, reaching an average of 6.87% for 30-year fixed loans. While this increase may give some pause, there’s optimism among homebuilders, buoyed by pent-up demand and expectations of future rate cuts by the Fed.

Spring Listings Surge

Spring has brought a surge in new listings, with a significant 17.8% year-over-year increase observed in sellers listing their homes. This influx of fresh listings injects much-needed inventory into the market, providing homebuyers with a wider array of options as they embark on their search for the perfect home.

Buyer-Seller Dynamics

Despite the influx of listings, buyer hesitation persists, largely influenced by the trajectory of mortgage rates. Some budget-conscious buyers may adopt a “wait and see” approach, monitoring rate movements before making a move. Sellers, on the other hand, are adjusting to market conditions by lowering asking prices to attract hesitant buyers.

Inventory Dynamics

While inventory levels have seen a notable increase compared to last year, they still remain below pre-pandemic levels. Total housing inventory is down nearly 40% compared to typical levels from 2017 to 2019. However, the surge in new home construction signals potential relief on the horizon, offering hope for increased supply in the months ahead.

Market Outlook

As we navigate the spring market, both buyers and sellers are gearing up for what lies ahead. While the rise in mortgage rates may pose challenges, the abundance of new listings and increased construction activity provide reasons for optimism. However, achieving market balance and affordability hinges on factors such as inflation trends and supply dynamics.

The current real estate landscape is characterized by a delicate balance of supply, demand, and economic indicators. While mortgage rate movements and listing trends may influence buyer-seller dynamics, the overarching goal remains the same: finding the perfect match between homebuyers and sellers in a dynamic and ever-evolving market.

As we embark on the spring buying and selling season, it’s essential for both parties to stay informed, adaptable, and proactive. By keeping a pulse on market trends and leveraging the expertise of real estate professionals, homebuyers and sellers can navigate the complexities of the market with confidence and clarity, ultimately achieving their real estate goals in the process.

https://www.realtor.com/news/trends/mortgate-rates-housing-statistics-week-ending-3-21-24

New listing- San Ramon

3304 Casa Grande Drive, San Ramon $1,799,000

Located in the highly sought-after San Ramon Valley School District! Nestled in a prime location, this stunning two-story residence offers comfort, and convenience. This 4-bedroom, 2-bathroom home boasts a wealth of features designed to enhance your lifestyle. Step inside to discover an updated kitchen complete with a gas range and stone counters, perfect for preparing delicious meals and entertaining guests. With recessed lighting and ceiling fans throughout. Outside, you’ll find a backyard oasis featuring a built-in BBQ and patio area, ideal for hosting gatherings with friends and family complete with a greenhouse for the avid gardener. This property includes a convenient storage shed as well as a workshop off the garage, providing ample space for all your tools and equipment. Located just minutes away from the bustling San Ramon City Center, Trader Joe’s shopping, and easy access to Highway 680, this home offers unparalleled convenience. Explore nearby amenities such as the Iron Horse Walking/Riding Trail and multiple golf courses, ensuring endless opportunities for recreation.

Investing in Palm Springs: Second Home or Retirement Destination

Palm Springs, nestled in the heart of the Coachella Valley, is not only a sought-after vacation destination but also an ideal location for investing in a second home or planning for retirement. With its stunning desert landscapes, vibrant cultural scene, and year-round sunshine, Palm Springs offers a unique blend of relaxation and recreation for residents and visitors alike. Let’s delve into why investing in Palm Springs could be a smart move for your future.

Booming Real Estate Market: The real estate market in Palm Springs has been experiencing steady growth in recent years, making it an attractive option for investors. According to data from the California Desert Association of Realtors (CDAR), home prices in Palm Springs have seen a year-over-year increase of 10% on average, with demand remaining strong among buyers seeking vacation homes or retirement properties.
Strong Rental Market: With its popularity as a vacation destination, Palm Springs boasts a robust rental market, offering potential income opportunities for second homeowners. According to data from Airbnb, Palm Springs is one of the top vacation rental markets in the United States, with high occupancy rates and attractive rental yields. Whether you’re looking to rent out your property seasonally or year-round, Palm Springs offers lucrative potential for investors.
Ideal Retirement Destination: Many retirees are drawn to Palm Springs for its laid-back lifestyle, favorable climate, and abundance of recreational activities. According to the U.S. Census Bureau, Palm Springs has a higher-than-average percentage of residents aged 65 and older compared to the national average, reflecting its popularity as a retirement destination. With its wealth of amenities, including golf courses, spas, and cultural attractions, Palm Springs offers retirees the perfect blend of relaxation and entertainment.
Tax Benefits: California offers several tax benefits for homeowners, including property tax exemptions for seniors aged 55 and older and favorable capital gains tax treatment for primary residences. Additionally, investing in a second home in Palm Springs could offer potential tax deductions for mortgage interest, property taxes, and maintenance expenses, providing additional financial incentives for investors.
Diverse Lifestyle Options: Whether you’re seeking a luxurious golf course community, a historic mid-century modern home, or a tranquil desert retreat, Palm Springs offers a diverse range of lifestyle options to suit every preference and budget. From vibrant downtown condos to sprawling estates with mountain views, there’s something for everyone in Palm Springs.

Investing in a second home or planning for retirement in Palm Springs offers a wealth of benefits, from strong appreciation potential and rental income opportunities to a desirable lifestyle and favorable tax incentives. With its booming real estate market, strong rental demand, and diverse range of lifestyle options, Palm Springs is truly a gem in the desert worth considering for your future investment plans.