2228 Baxter Street 90039

2228 Baxter Street 90039

Gorgeous Cape Cod Style Home in Silver Lake
Offered at: $499,000

Status: Sold
Type: Single Family / Bedrooms: 3 / Baths: 3
Living Area: 1578 Square Ft. / Built: 1904

A stylish house in Silver Lake at a terrific price. This Cape Cod style home of 1904 vintage has 3 bedrooms, 3 bathrooms and an attached studio with its own entrance. A bright, open kitchen, generously proportioned rooms and multiple patio and sitting areas add to a sense of space and versatility. Upstairs is a Master Suite with exposed wooden beams, dormer windows and a deck opening to expansive city-and-treetop views. The property feels sheltered and private, even as its urban setting makes it convenient to access the Silver Lake Reservoir, Meadow and Library. Markets, cafes and restaurants are also close at hand. Co-listed with Jody Deighton.

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Buyers are Being Cautious, and That’s Smart

LATlogoExcellent article in the LA Times today. Andrew Khouri writes that “Five years after the financial crisis, a new sobriety among homeowners and lenders has taken hold, tempering economic growth as consumers keep more money in their pockets.” This is very good news and bodes well for the market long-term. But it begs the question: how do you “buy within your means” and still get the house you want in an era of increased competition and bidding wars?

The answer is simple. To protect your own interests, you should work with tireless, experienced realtors who put their clients first and know how to connect them to homes they love. You will find all this and a whole lot more in the friendly professionals at Tracy Do Real Estate.

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Prices Rising (and Expected to Go Higher)

Today on HousingWire, Christina Mlyinski reports that “California home prices increased by the most in 33 years as a result of strong sales growth in higher-priced markets and continued housing supply shortage, pushing up median home prices in May.” It’s lead to whispers about another housing bubble, but as Megan Hopkins writes, not so fast. “Standard & Poor’s Ratings Services states that, although double-digit gains are ultimately unsustainable, we may not have reached bubble status quite yet.”

Home price expectations

“Home price appreciation can be attributed to a number of factors, including historically low rates, property purchases by investors who are renting homes out and a shortage in home inventory… S&P states that U.S. home prices are relatively low compared to historical values… Additionally, housing remains undervalued about 8% based on the price-to-income ratio, which takes into account the median sales price of a home relative to median annual incomes…”

“Overall, S&P expects that the current pace of home prices gains will not last for long; however, it’s too soon to call this a bubble. In fact, as home values are still below their pre-recession peaks, home prices could continue to rise throughout the year.”

For help selling or buying your home in this active market, contact the people who have a successful track record and a long list of satisfied clients: the friendly, local professionals at Tracy Do Real Estate.

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2406 Silver Ridge Ave. in Silver Lake

List Price $1,189,000

2 bedrooms • 2.5 bathrooms

2,173 sf • 4,995 sf lotSilverR1

Exclusively from Tracy Do Real Estate. This 3-level contemporary in the Silver Lake Hills features walls of glass and balconies on every floor, opening to spectacular city views. Recently constructed in 2007 and recognized in numerous design publications, the 2 bedroom, 2.5 bathroom residence is dramatic yet practical, with well-proportioned living space and ample storage.

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The hallway entry leads to a media room, complete with fireplace, built-in wet bar and a beautifully tiled half bath. An ideal spot for entertaining or relaxing, it’s versatile enough to be used as your guest quarters or office.

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A slate stairway flows down to the “great room” where you’ll find dining and living areas adorned by a second fireplace. The gorgeous open kitchen is outfitted with stainless steel Bosch appliances and a built-in Miele espresso machine. A spacious bedroom on this level includes a full bath and walk-in shower. On the third level, the Master Suite feels private and luxurious, with a huge walk-in closet and bathroom worthy of a 5-star hotel.

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Tasteful appointments and high grade materials are everywhere; bamboo floors, custom built-ins, resin glass sliding pantry doors, Venetian plaster, and recycled concrete in the kitchen and baths. There’s a carport for two vehicles with direct-home access, a laundry area, and a secure, 300+ sq ft basement/storage room.

For a beautiful, detailed photo tour head to 2406silverridge.com

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Houses Local+Global: Duendes House by Estudio Puyol / Meinardy

Duendes1

This home in San José del Rincón, Santa Fe, Argentina would be a great fit for Southern California. The single-level floor plan and integration of indoors-to-out strike us as being quintessentially LA.

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Says the Arch Daily: “The house is designed as a series of sequences and promenades that are in permanent flow between the interior and exterior, intentionally created from the layout of the spaces, their design, the system of openings, and the importance of the interior courtyard due to its position as the true heart of the project.”

Duendes3

Photos courtesy of Federico Cairoli, blueprints by Estudio Puyol / Meinardy, Architects.

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