Did you see our new Highland Park listing yet? It’s the latest house from ReInhabit, and that means something special. Open both days this weekend, that’s Saturday & Sunday January 17th & 18th from 1 to 4pm. Find the property website here.
The LA Times reports that sales are hot and prices have cooled, “the latest sign that the region’s housing recovery might finally be reaching more people.”
It certainly helps that interest rates remain extremely low, as reported here by the LAT…
A third piece of good news comes to us courtesy of President Obama and the Federal Housing Administration. Many first-time borrowers rely on “FHA backed” home loans which require less of a down payment for qualified buyers. The tradeoff has been the requirement of PMI (Private Mortgage Insurance), which costs hundreds of dollars monthly and can be a deal-breaker for folks on a budget. Recently the Obama Administration applied pressure on the FHA to lower the amount of PMI premium that borrowers must pay. It isn’t a huge savings, but as the AP reports, “the move is estimated to save the average homebuyer $900 a year, as well as help save money for homeowners looking to refinance their mortgage.”
We like good news, and are here to help you find your dream home. We can help find you a mortgage loan, too, in fact we’ll advise you through every phase of this important process.
Contact us anytime at Tracy Do Real Estate.
Renovated ReInhabit Home in Highland Park with Bonus Guest Unit
Offered at: $689,000
Status: Sold
Type: Single Family / Bedrooms: 3
Baths: 2 / Living Area: 1,860 Square Ft.
New from design+build firm ReInhabit: a 3 bedroom, 2 bathroom home with guest unit tucked into a woodsy corner of trendy Highland Park. Artfully restored from the ground up it has high ceilings, exposed wood beams, oak floors and a custom-built kitchen with concrete countertops and tile backsplash. Original built-ins line the hallways and there are many one-of-a-kind elements including lighting fixtures made from salvaged materials. Upgraded systems include roof, HVAC and a re-stuccoed exterior. Downstairs bonus guest unit features a bedroom, bath and kitchen with its own HVAC zone. There’s a huge storage room and oversized 1-car garage with direct access to the home. Outside is a rear patio plus an observation deck, a cool perch to relax or dine while taking in sweeping treetop views. Kitchen Mouse, My Taco, Good Girl Dinette, Pop Physique – the very best of Highland Park is right up the street, a surprise given this quiet and verdant setting.
We’re grateful for a remarkable year, and especially grateful that we met so many wonderful people along the way. Some are clients and some are agents with whom we collaborated. Some are just nice people who stopped into an open house.
To all throughout the Eastside neighborhoods that we proudly serve, we wish you Happy Holidays from Tracy, Ronda, Mark, Swan, Hanna, Victor, Robbie and Eva. As always, thanks for reading our blog.
Extra Large Hillside Lot in Elysian Heights for Sale!
Now Offered at: $150,000
Type: Land / Size: 36,590 Square Ft.
Great opportunity for builder/developer in Echo Park/Silver Lake. A 36,590 sqft lot at the end of a cul-de-sac in Elysian Heights with views. The sale includes architectural plans for a contemporary, 6,000+ square foot home with infinity pool, theater, and gym/office. Also included are previously obtained geological survey, soil testing, and structural engineering reports.
According to Zillow.
And almost sold out, too. Just four homes left. UPDATE 12/15: Just three homes left. One sold over the weekend.
Value, quality and style coming together as one. Find this awesome TDRE listing at www.nelaunion.com.
Lowest they’ve been since May 2013 according to LA Times.
Buyer Representation: Remodeled Craftsman in Echo Park
Status: Sold
Type: Single Family / Bedrooms: 2 / Baths: 1
Living Area: 1,188 Square Ft. / Lot Size: 7,400 Square Ft.