Majestic 5400+ sq ft Manor in Gerstle Park

Gerstle Manor

PRICE REDUCED -- $100K!

Opportunity to own one of the most coveted residences in the charming and historic Gerstle Park neighborhood of San Rafael.  This home underwent a superb renovation, completed in 2006. Grand scale residence, 5429 square feet of living space (per tax records). Garden and yard on a 10,000 square foot private corner lot. 5 bedrooms, plus a 2 bedroom in-law unit (with private entrance), a three person office, combining to offer abundant living space and privacy. 5 full and 1 half bathrooms. The enormous and light-filled great room includes a chef's kitchen and dining area, vaulted ceilings, skylights, fireplace, wainscoting, bordered hardwood floors, and southern wall of French doors and sliders for garden gazing -- this is the heart of the home in every season!  Full Viking kitchen, including cherry wood paneled refrigerator, double oven, and 6 burner range. Catering/butler's pantry makes fabulous entertaining seamless! 4 fireplaces provide ambiance throughout the home, including the great room, in-law den, and master suite.  In the master suite, enjoy sunshine and coffee on the balcony, then unwind in the tranquility of the soaking tub. 2 bedroom in-law offers a kitchenette, full bathroom, den with fireplace and dining area, and private lanai; enter through the main home or through private exterior entry.  Owned solar system. Double office. 2 car garage currently set up with personal gym. Sun Valley schools. One block to Gerstle Park, and trails are nearby. Walking distance to downtown San Rafael shops and restaurants! Great commuting location.

For more information, please email ToddMahoneyRE@gmail.com .

51 Clorinda Ave, San Rafael, CA                                    $2,185,000

Fed Raises Rates Quarter Point

It’s Fed day today.  1st release by new Federal Reserve chair- Jay Powell.  Update courtesy of Sean Murphy at Guaranteed Rate Affinity:

  • Fed Raises Rates Quarter Point.  Now at 1.75% - The Prime Interest Rate is 4.75%  (This change means that Home Equity Lines of Credit and Credit Card interest rates will be increasing).
  • Spending, Investment have moderated from strong Q4
  • Fed estimates show steeper path for rate increases in 2019-20 based on “economic outlook has strengthened in recent months”.
  • Fed forecasts Unemployment Rate at 3.6% in 2019.
  • Fed says inflation low, but is expected to rise in coming months and to stabilize” around the Fed’s 2% target “over the medium term.”
  • Fed says three rate hikes for 2018, raises outlook for hikes in 2019, 2020.