FYI Quick Read…

In this morning’s LA Times, Alejandro Lazo reports: “An index of home prices in the largest American cities rose in September, indicating that low supply and increased demand continue to boost housing… ‘With six months of consistently rising home prices, it is safe to say that we are now in the midst of a recovery in the housing market,’ said David M. Blitzer, chairman of the index committee at S&P Dow Jones Indices.” Read the full article here.

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FYI Quick Read…

Buyers frustrated by the scarcity of homes for sale can take heart in this good news, reported today by financial news outlets like CNN Money: Mortgage rates have hit historic lows. Again. Of course, “cheap money” is part of why there’s such low inventory in the first place. But fear not, buyers. I can find you a house and advise you on how to take advantage of these incredible rates. Even if you just have questions or want to bounce around ideas, I’m happy to help. Contact me anytime, here.

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Eclectic Two-Level in Silver Lake

List Price $950,000

3 bedrooms • 2.75 bathrooms

2,416 sf • 5,119 sf lot

Here’s a great chance to live in one of the best parts of Silver Lake. North of Sunset and west of SL Blvd, this home is close to everything you want to be close to. It was built in 1925 but has been revamped and renovated with upgrades galore. It certainly isn’t like every other house out there, which to me is a major plus.

The home features new acacia wood flooring, high open-beam ceilings and two fireplaces, one of them located in a cozy downstairs den. There’s recessed lighting, central heat and AC, plus a brand new roof, siding and insulation.

The redwood deck offers a private outdoor sanctuary, as well as a fire pit to warm your nights while taking in the west-facing view. This very unique home is likely to sell quickly. For a personal tour, contact me as soon as possible, here.

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Listing courtesy of David Kinder, Keller Williams Studio City.

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FYI Quick Read…

For anyone still wondering whether it’s finally time to ditch that rental, the Wall Street Journal Developments blog has your answer x 2. Nick Timiraos reports on how “demand for single-family rental housing is outstripping the available supply of homes…” with the result being higher rents throughout the US.  And Kris Hudson and Dawn Wotapka write that, “economist Lawrence Yun foresees U.S. home prices rising by 15% over the next three years.”

Renters, it’s time to get off the sidelines. Interest rates are low, demand is up, and the cost of that house you want is forecast to rise. For a no-cost, no-obligation analysis of your options, including neighborhoods, price-point and financing, get in touch with me here. I will be happy to help you become a proud homeowner. And it might be a lot more obtainable than you think.

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Alhambra Tudor has Modern Flair

List Price $619,000

3 bedrooms • 2 bathrooms

1,624 sf • 6,306 sf lot

Don’t get me started about Alhambra. To me it’s one of the best under-the-radar places to live, especially this part of Alhambra. Close to Pasadena and South Pas and with easy access to downtown LA, it’s a community on the rise, with good schools and excellent city services.

As for the house, just see for yourself. A light and bright completely renovated Tudor with copper plumbing, updated electrical, refurbished original windows, oak floors, Icera toilets, two new furnaces and restored chandeliers, hardware and sconces.

The kitchen has imported Italian Carrara counters, a farmers style stainless steel sink, Fisher & Paykel double dishwasher, GE Monogram refrigerator, Kobe range hood and a Jade 6 burner range. If you don’t know Alhambra yet, you should. I’ll be happy to show you the area and the house too. Contact me anytime, here.

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Listing courtesy of Joseph Kiralla, Sotheby’s Int’l Realty, Los Feliz.

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2308 Loy Lane 90041

2308 Loy Lane 90041

Charming Home in Eagle Rock
Offered at: $449,000

Status: Sold
Type: Single Family / Bedrooms: 2 / Baths: 1
Living Area: 882 Square Ft. / Lot Size: 5,000 Square Ft.

Here’s a great opportunity, your chance to own a charming home in Eagle Rock. 2308 Loy Lane is close to markets, shops and restaurants. This recently spruced 2 bedroom, 1 bathroom home has a formal living room and large kitchen with plenty of cabinetry and storage. The dining area features French doors that open to a big, grassy yard where you’ll find an entertaining deck, pretty landscaping and a 2 car garage with additional parking spaces on the driveway. There is good natural light throughout all rooms and the indoor/outdoor flow is just right. Make this your first home!

This entry was posted in: Eagle Rock Homes for Sale, Sold Listings

Sweet Spanish in Silver Lake

List Price $679,000

2 bedrooms • 1 bathroom

1,184 sf • 2,708 sf lot

I really like this house, it has tons of character and a great location in the desirable Moreno Highlands neighborhood of Silver Lake. Ivanhoe School District, too.

There are hardwood floors, a fireplace, original French windows…

And here’s a nice bonus: A detached office/studio that opens to this lovely, shaded back patio. Perfect for quiet meditation, outdoor dining or entertaining. If you’re interested in this house and would like to book a showing, contact me here.

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Listing courtesy of Hattie Ramirez, Coldwell Banker, Los Feliz.

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FYI Quick Read…

An article in yesterday’s LA Times details the pitfalls of the appraisal process. Michelle Hofmann writes: “More than a third of real estate agents say they’ve recently seen lower-than-expected appraisals hold back home sales, even though buyers and sellers had reached agreement on price.”

 

It’s just one more reason that you should give me a call. Through ten-plus years in real estate and hundreds of negotiated deals, I’ve met with a countless number appraisers. And by coming prepared, studying the market daily, I have successfully advocated on my clients behalf. Don’t let a low or inaccurate valuation derail your home purchase or sale. With me you get top-shelf assistance through all aspects of your real estate transaction. From appraisal to “z.”

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2308 Loy Lane in Eagle Rock

I’m thrilled to present my new listing, located in a nice part of one of my favorite neighborhoods, Eagle Rock. This is an ideal first home or a place to downsize to, freshly spruced with new landscaping and a lovely back yard. I’m holding an Open House on this coming Sunday, November 11th from 1 to 4PM. Stop by, check out this charming home and be sure to say hello. See you there!

More photos and info can be found at 2308loylane.com

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