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Table Of Content

• Pebble Beach, CA 93953
• These are some of the oldest restaurants in Orange County
• Birkin bag thieves prowl L.A.’s rich neighborhoods, fueling a bizarre black market
• Record deals and tax-avoidance maneuvers: Southern California’s priciest sales of 2023
• MLS Information
• Nicholas focuses on residential and commercial sales and rentals located on the Monterey Peninsula.

The update was provided to the Board of Supervisors by staff from the county Housing and Community Development Department, including the county Planning Department, as part of a General Plan update that includes a housing element. As residents across urban California have decamped for more space and affordability in the exurbs, small towns statewide have grown in popularity. These towns represent islands of affordability in a state where the median home price is $789,000. California is home to 210 cities, towns and communities monitored by Zillow where the median home values are more than $1 million. If a trustee buys a house for a beneficiary and allows the beneficiary to live in the home, the trustee should treat it like a business arrangement.

Pebble Beach, CA 93953

For the last 30 years, Ann Epperly has lived in Trona, one of only nine California cities, towns and unincorporated areas tracked by Zillow with median home values under $150,000 in February 2024. Nicholas’ vast network, keen eye for detail, analytical mind and business ingenuity compliment his top-down understanding of all aspects of buying, selling, renting or investing in residential and commercial real estate. For our buyer clients we provide detailed market analysis, access to both listed and "off market" properties, skilled negotiations, and guidance through the all-important due diligence process when buying a home. Once the county has a draft housing element that the state finds that it meets the statutory requirements, they must adopt that housing element and return it to the state Housing and Community Development department for final approval. The county is targeting the first week in May to have a draft housing element completed. In a statement provided to the Monterey Herald, Alicia Murillo with the state Department Housing and Community Development, said California requires that local governments plan to meet the housing needs of everyone in the community.

These are some of the oldest restaurants in Orange County

Redfin is redefining real estate and the home buying process in Monterey with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers. View properties, photos, nearby real estate with school and housing market information. In March 2024 in Monterey, CA there were 16.9% more homes for sale than in February 2024. Listings spent 23 days on the market in March 2024, and had a median list price of $1,050,000 during the same period. While more than 3 listings in Monterey, CA in March 2024 were sold above asking price, there were more than 5 listings sold at asking price, and more than 3 were sold below.

Birkin bag thieves prowl L.A.’s rich neighborhoods, fueling a bizarre black market

If a jurisdiction’s housing element continues to be found out of compliance, courts can fine jurisdictions up to $100,000 per month, and if they are not paid, multiply that by a factor of six. There were only two multifamily projects that were built that weren’t employer-sponsored housing. One was replacement housing of an old Bracero camp outside Soledad and the other was a multifamily project constructed by the nonprofit Community Housing Improvement Systems and Planning Association, or CHISPA, in East Garrison. In total, just 66 new apartments have been added in the past eight years. Darby Marshall, the county’s housing program manager, acknowledged the disappointing status of very low-income housing. The Brass Tap Marina is located at 99 General Stilwell Dr., in Marina, in front and to the north of the Cinemark Century theater.

Like so many California real estate deals, you have to journey off the beaten path, make compromises and have some imagination. An esteemed law professor recently stated that there is currently a “storm of fiduciary litigation.” Most lawsuits are brought by beneficiaries against their trustees. Our society is, in general, more litigious and the rights of beneficiaries to bring lawsuits continue to expand. So, as a trustee and fiduciary for Annie, you need to be extremely careful in how you handle the trust.

A Salinas man suffering from dementia lost his home. His family is trying to get it back. - Monterey County Weekly

A Salinas man suffering from dementia lost his home. His family is trying to get it back..

Posted: Thu, 19 Oct 2023 07:00:00 GMT [source]

Nicholas is always looking for great homes for his clients as well as potential investments. His passion for the business and unrelenting work ethic are why he excels when it comes to listening to clients’ needs, and exceeding their objectives. Monterey Coast Realty represents buyers and sellers of quality properties from cozy cottages to magnificent mansions throughout the Monterey Peninsula all the way east to Salinas Valley, through Carmel Valley and south to Big Sur. Sister brand to Carmel Realty, with its 100-year-old reputation for excellence and integrity, we are also comprised of a handpicked team of Realtors known for their professionalism, ethics and business success. We work together to offer the highest quality of personalized service to our clients.

Irrevocable trusts like the one you are administering are one of only ways to insulate assets from a successful judgment. Having the house fully protected against creditors is a true benefit for her. Also, make a provision in the lease that you have authority to inspect the house at least annually and then do so to be sure things are being maintained properly and nothing untoward or illegal is being done on the premises. Finally, the trust would be responsible for tax and insurance and the beneficiary should get renter’s insurance to cover her personal property. The nation’s cheapest city, by this math was Jackson, Mississippi, with a 1.4 cost ratio – $57,808 vs. $40,631.

Nicholas focuses on residential and commercial sales and rentals located on the Monterey Peninsula.

These affordable communities are far-flung and a long drive from the bustle of the city. But locals say the bargain prices and charms make the trade-offs worth it. Another reason to have the trust own the real estate is that if your niece were to get in an accident or other lawsuit and a judgement were obtained, the debtor could not attach her home.

Big San Jose retail center lands California buyer in $30 million-plus deal - The Mercury News

Big San Jose retail center lands California buyer in $30 million-plus deal.

Posted: Tue, 19 Dec 2023 08:00:00 GMT [source]

For example, the RHNA numbers assigned to Monterey County by the state over the most recent eight-year RHNA timeframe, designated as the 5th Housing Element Cycle, includes housing for very low-income residents. Local governments must demonstrate sufficient capacity to accommodate the RHNA allocation within the sites inventory in the housing element with zoning to follow as needed,” she wrote. Trona’s heyday was in the early 1900s, when it was a company town, established in 1914 and operated by the American Trona Corp. Early on, a central building housed many workers and all the town’s businesses, including a “pool hall, a barber shop, post office, library, grocery and department store,” according to the Searles Valley Historical Society.

Craig Spencer, the director of the county Housing and Community Development Department, explained that pulling together a housing element is extremely complicated. The details the state wants to see are time consuming to generate, while at the same time the county needs to navigate new state laws that hit the books relating to housing. The state provides oversight of those opportunities with a system called Regional Housing Need Allocation. In the Searles Valley, the median household income was $54,000 in 2022, well below the statewide average of $92,000, according to census data.

In other words, you should have Annie sign a lease agreement which lays out your expectations. The lease would cover things like who will pay utilities, your expectation as to maintenance and whether or not the beneficiary can have roommates or rent out part of the house. If Annie moves out of the house, you need to have an agreement with her whether the house will be sold or rented – and you, as trustee, would handle the sale or rental. Also, if Annie does have a roommate or if she decides to rent out part of the house, you should have any roommates or tenants similarly sign a rental agreement. Coldwell Banker Realty and Guaranteed Rate Affinity, LLC share common ownership and because of this relationship the brokerage may receive a financial or other benefit.

” tracks measurements of California’s totally unaffordable housing market. As Supervisor Luis Alejo noted, some 40% of California cities don’t have approved housing elements. “The vast majority of what we are permitting in the county are single-family detached dwellings on fairly large lots,” Marshall said.

It’s an army town named after a World War II-era captain and home to a military storage facility. But if you look hard enough, there are still a handful of cities where the median price of a home is less than $150,000. A born and raised son of California, Nicholas holds a Bachelors of Arts in Social and Behavioral Science from California State University Monterey Bay.