We bought a welcome mat. And a house where we can place it.
Please join me on a tour.
Our new home
Let’s start with the important stuff – awhile back we setup some criteria for our forever home. Turns out the Sacramento area hits all of our buttons. If you google “best places to raise a family in California” our area is amongst the best.
The neighborhood we are in is well established with an abundance of large trees. The roads and sidewalks are wide and well maintained. There are marked bike lanes on most streets and 2 large bike trails conveniently cross town, one of which starts in a massive park 500 feet from our front door.
We are within walking distance of Jr’s elementary school and a short bike ride to a huge skate park, BMX track, and popular disc golf course. 10 minutes by bike get us to the library and essential shopping (e.g. Target, grocery store, home improvement store.) 10 minutes by car gets us to anywhere in town. Within 65 minutes we can be on the ski lift.
The house itself is about 2,000+ sq.ft. with 4 bedrooms (plus a bonus room) and 3 full baths, which allows for Winnie and me to each have our own office. In theory the boys share the bedroom with attached bonus room, but mostly they continue to sleep with us in the master suite. There are separate living and family rooms, or as we refer to them the living room and play room.
The garage will fit 3 cars and there is additional parking for an RV and a boat. (When we do eventually purchase said boat, I can tow it to the ramp at the lake in a few minutes.) 1 of the garage stalls is reserved for a home gym (squat rack, bench, etc…), a work bench, and bicycle parking. There is no shortage of storage.
The lot is comfortably sized and is fully fenced and well landscaped with an irrigation system. There is a nice oak tree and several fruit trees (orange, lime, lemon, and TBD (plum maybe.)) The backyard has a large covered deck, 2 sheds, and a gazebo adjacent to the pool, hot tub, and sauna.
The front door opens into a small entry area with coat/shoe closet. Extra wide steps lead upstairs to master suite with bath, 2 bedrooms, bonus room, and bath.
The family room and dining room are immediately off the entry.
A few more steps lead to the living room and kitchen with small dining area.
The kitchen and living room all have large windows or sliding doors leading to the covered deck.
Back inside, just off the living room is a small hall that leads to the garage, laundry room, bathroom, and 4th bedroom.
Next we head upstairs to the Master Suite
Next door are 2 bedrooms and a bath
Attached to the 2nd bedroom is the bonus room, a fun converted attic space with secret tunnels and loads of room for the kids to play
Back outside we have plenty of parking
Around back we find some more fun stuff
$$$ and the Home Purchase Experience
We talk about money on this blog so here goes…
Purchase price, fees, expenses, furnishings, basic upfront repairs/maintenance, etc…. comes in over 7 figures. Reasonable value all things considered. I’m sure we overpaid but there were multiple offers so the demand was there. Zillow says the house has increased in value by $50k since we bought it. I don’t know what property taxes will be yet, but around $10k/year.
I paid cash. We were outbid and outmaneuvered on multiple properties prior to this so I changed to an all-cash offer and quick close to be more competitive. From offer to move in was less than a month.
To get cash I sold a bunch of stock – this means a non-zero tax bill for 2021. Fortunately we had funds in a taxable brokerage account so they were accessible (as opposed to an IRA) and are just paying long-term capital gains taxes. Also, fortunately, we have 8 years of capital gains harvesting behind us so basis was reasonably high.
Everything from first viewing to close was done remotely – we never stepped foot in the house prior to moving in. Our realtor was a friend of a friend. We did a remote tour with her via FaceTime. After our offer was accepted, my mother and sister were present for the inspection with me on video chat. Closing was all done virtually – I wired the funds and signed everything via DocuSign.
First impressions were mostly positive – the place seemed a little smaller than it appeared on pictures and video. We had a little problem with the refrigerator compressor going out (on a 5 month old appliance.) The one garage door remote was broken. Getting a blackout shade for an arch window has been an adventure… all pretty minor stuff.
We have had a few days of smoke from wildfires. That is a bit annoying but some air filters take care of that and indoor activities are fun too.
On the other side, having a full sized dishwasher again is amazing. The temperature and humidity are almost perfect. The kids love the pool and we swim almost daily. Everything is nearby and convenient.
Overall, it’s good to be home.
We bought a house. We like it.
The basic idea is we will be here for the next 17 years or so until both kids have graduated from high school.
Have you found your forever home?