1578 Morse Blvd is a perfect blend of craftsmanship and location. Listed by Shirley Kraus of Intero Real Estate Services, this spectacular home has approximately 3,100 square feet and is listed at $1,980,000.
When looking at the higher end homes in San Carlos I tend to look at four things (1) General Location (2) Street Location (3) Builder (4) Layout. Let’s briefly break these down. First, the general location is Howard Park. Howard Park has outperformed the other five areas of San Carlos in terms of price per square foot. The White Oaks area and Howard Park area are, by far, the two highest performing areas of San Carlos in terms of resale. Second, when looking at street location it would be tough to argue that the 1500 block of Morse is not one of the most desirable in all of Howard Park. All of the houses have been nicely updated, and some have been totally rebuilt. The physical location of Morse is a huge plus. Just a few blocks from downtown and Burton Park, but far enough away so that overflow parking and noise are not overly burdensome from either. Third, the builder is Mark Marx. Mark is a local, high-end, custom builder. I have seen a few of his houses and there is clearly a distinct difference in his quality. I have consistently been impressed with his work. For more information on Mark, please click here. Finally, the layout is a major plus. A large master suite and two spacious bedrooms upstairs and a fourth one located downstairs. A finely detailed great room, formal dining and living rooms and a spacious backyard. Bottom line, this house gets a big thumbs up from me. This home will be open on Sunday afternoon.
It makes no sense to me to spend more on property in San Carlos than Hillsborough and Atherton–in both, you can find homes on much larger lots for under $1.8M (remember that in higher end neighborhoods, land retains value better than buildings!).
The fact of the matter is that this property has not moved, so I must not be alone in this reasoning either.