A January Jump as Mortgage Rates Drop

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From the LA Times’ Andrew Khouri: “More California homes went under contract last month, as buyers showed signs of life heading into the spring season” Things had been flat since October, but a nearly 23% surge in sales from December to January indicates growing “confidence in a market that cooled after a torrid rebound early last year.”

 

So things look pretty healthy right now, especially for sellers. Local inventory remains low, and while we’re seeing less in terms of all-out bidding wars, the homes that receive proper pricing and marketing sell quickly (usually with multiple offers). Not the best environment for buyers, maybe, but they get some good news too given that interest rates just ticked down again. In fact, in a bit of a surprise, mortgage interest rates are currently hovering near 4%, a really good deal for borrowers.

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Is your home search stuck in neutral? Better get it moving — before those rates rise again as they’re predicted to. You might be relying on Zillow, Trulia or any number of web-based services to find your home. But those very handy tools can’t possibly compete with a locally knowledgable and massively connected team of realtors like us. For 2013 we ranked #1 at the John Aaroe Group in closed home sales. And our services for buyers won’t cost you a thing.*

Contact us anytime at Tracy Do Real Estate.

*Our compensation comes from the selling-side of the transaction, after the successful close of escrow.

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NELA Union in the Home Stretch

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We’ve grown accustomed to having good days at Tracy Do Real Estate, but some are even better than others. Today was special, as we toured the nearly-complete model homes at our great new listing in red-hot Glassell Park: NELA Union Modern Homes.

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Here’s the dining and kitchen area of our Floor Plan 1 model, a generously-proportioned 2 bedroom, 2.5 bathroom home of approximately 1200 square feet (not including the attached 2-car garage). Considered as NELA Union’s “entry level” home, it will cost in the range of high $400,000’s to low $500,000’s. Note the doorway in the center of the photo — it leads to a spacious 2nd level balcony that looks out on NELA Union’s community garden.

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Floor Plan 3 is a 3-bedroom, 3.5 bathroom home of approximately 1550 square feet. The design and staging of these models come courtesy of our great friends, Highland Park’s Matters of Space.

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Here’s the living, dining and kitchen area of a Floor Plan 4, NELA Union’s most spacious offering with 4 bedrooms, 3.5 bathrooms and approximately 2000 square feet. This gorgeous home will be priced in a range between the high $500,000’s and low $600,000’s.

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No matter which Floor Plan you choose, all NELA Union residences have dual-sink “floating” vanities in the Master Bath, among many other cool standard features. Learn more at www.nelaunion.com, and be sure to hit the contact button. Tell us who you are and get on the invite list to our Grand Opening, expected as soon as late March or early April.

If you have questions about NELA Union, or any other homes for sale on the Eastside, Northeast LA or Pasadena, we’d love to hear from you. Find us anytime at Tracy Do Real Estate.

To receive new listings by email, or to schedule a viewing click here!

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Live in LA’s 1st Bike-Friendly Business District

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This is fantastic news, reported on the LA Department of Transportation Bike Blog. Elizabeth Gallardo writes: “A BFBD (Bicycle Friendly Business District) is a partnership between the City, neighborhood and business organizations, and local businesses that improves a business district’s Bicycle Friendliness through bicycle infrastructure and local business promotions to people travelling by bicycle. The district encourages and promotes short, local trips, especially for shopping, dining and recreation.”

At Tracy Do Real Estate we are particularly thrilled since the Bicycle District includes our new listing, NELA Union Modern Homes. Located on Eagle Rock Blvd. just a few blocks south of York, these brand-new and very earth-friendly homes in Glassell Park are an address that any home seeker should consider. We’re unveiling them in just a few short weeks, at a Grand Opening party that will include food from NELA’s own Lemon Poppy Kitchen. To get on the invite list, head here.

For further perspective on the BFBD, head to the EastsiderLA and Curbed.

To receive new listings by email, or to schedule a viewing click here!

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645 W. 9th Street #339 in Downtown LA

800 sq ft loft with 1 bathroom + balcony

Offered for Lease at $2200/mo

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Exclusively from Tracy Do Real Estate comes a gorgeous loft in a great location, offered for lease. Contemporary design features high ceilings and a wall of glass that opens to a balcony overlooking a shimmering pool.

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The modern kitchen includes plenty of counter space and stainless steel appliances. There is wood flooring throughout and a large walk-in closet.

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Built in 2006, this unit is clean, secure and packed with amenities including a community “club room” by the pool along with a BBQ area and spa.

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There is a gym and a screening room with a full kitchen, available to residents for watching movies and sports with lots of your friends.

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It is central to all of downtown LA with a Ralphs market right downstairs. The lease includes one parking space. For more gorgeous photos head here.

To book a showing, contact Tracy Do Real Estate.

To receive new listings by email, or to schedule a viewing click here!

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1456 Calumet Avenue in Echo Park

List Price $829,000

Four units with 1 bedroom • 1 bathroom • office/den

4,288 sq ft • 4,237 sq ft lot

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Own a piece of LA History and so much more with this Angelino Heights Craftsman fourplex vintage 1912. It’s an exclusive offering from Tracy Do Real Estate.

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All four units feature one bedroom, one bathroom and an office/den, with original character elements like crown molding, pocket doors, Murphy bed closets and decorative fireplaces.

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One upper unit has been tastefully renovated with a new kitchen and bath to go with rich darkwood floors and gorgeous tile.

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Upgrades include updated electrical, furnace, roof, copper plumbing and newer paint inside and out (approved by the Angelino Heights HPOZ).31814_20This Mills Act-eligible property offers tremendous upside given its location and potential for cash-flow. It has a flat yard, a huge bonus space and three detached garages, all in a storied historic enclave near Echo Park Lake. The icing on the cake? Spectacular views of Downtown LA.

The fourplex is currently tenant-occupied. A private viewing requires the submission of an offer or letter of intent with supporting financials. Start by taking this gorgeous photo tour at calumentfourplex.com.

For further info contact Tracy Do Real Estate.

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The Return of Glassellland?

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Our friends at The EastsiderLA and Curbed report that efforts are underway to restore the much-loved and greatly-missed Glasellland sign. Fundraising has begun on Indiegogo with the hope of returning the marker to a yet-to-be-determined (and/or possibly secret) location in the Glassell Park hills.

We’re huge fans of the sign, and loved seeing it as part of the view from our new upcoming listing, NELA Union Modern Homes. Apparently we’re not alone. As of this posting the artist, identified only as “Justin,” has raised $1450.00 toward his very worthwhile cause (his goal was only $500). Looks like the sign is returning and we couldn’t be happier about it.

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2412 Valley View Drive in Echo Park

List Price $199,000

36,590 sf vacant lot

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Exclusively from Tracy Do Real Estate comes this great opportunity for a contractor, developer or dream-home builder: 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.

For more details contact Tracy Do Real Estate.

To receive new listings by email, or to schedule a viewing click here!

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Open House in Silver Lake

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4005 Monroe St. #7 90029 l Offered at $569,000

Open House: Sat., Feb. 1 from 1-4PM & Sun., Feb 2 from 1-3PM

A Silver Lake modern with fabulous views, presented exclusively by Tracy Do Real Estate. This two-level condominium provides plenty of space and a low-maintenance lifestyle. 2007 construction means the home is fresh and contemporary, with an open kitchen and dining area that flows to a balcony with built-in seating. The view from the living room pans across the hills to palm trees, sparkling city lights, Griffith Park Observatory and the iconic Hollywood sign. Downstairs are two bedrooms, two gorgeous bathrooms, laundry and ample closet space. Features include high ceilings, skylights, recessed lighting and brilliant ebony floors. This 12-unit HOA is well maintained and very well located, just a few blocks from Sqirl and not much farther to the heart of Sunset Junction. Two parking spaces are included along with a huge separate storage space, unique to the unit. For a photo tour head to 4005monroe7.com.

To receive new listings by email, or to schedule a viewing click here!

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1444 Murray Drive in Silver Lake

List Price $1,199,000

3 bedrooms • 2 bathrooms

1,650 sf • 7,261 sf lot31123_01

ReInhabit is pleased to present their latest work of art that you can live in, a beautifully realized 60’s-era Modern in Silver Lake. Many months of design, planning and careful execution have resulted in a gracious hillside home that provides an ideal floor plan and sweeping city views. And it arrives with a twist: For the first time since they started crafting their one-of-a-kind homes in the LA market, ReInhabit has delivered a residence that is already under contract. Tracy Do Real Estate brokered the sale.

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Original ceilings made the living, dining and kitchen areas feel cramped — while an unused attic hinted at opportunity. ReInhabit reclaimed has that space, adding new beams to the now-soaring ceiling and opened the space into a Great Room.

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The result is transformative as the now-combined spaces flow together to create an open, highly functional living area, distinctive for a home of this vintage.

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The retro-inspired kitchen is finished in reclaimed scaffolding wood, with a rare Western-Holly wall oven and range.

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Bedrooms are generously proportioned with a nostalgic nod to both the original home and the era. Bathrooms have been completely remodeled. There is a laundry area plus a two-car garage.

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Finally there’s the view. From the upper terrace that features a new pergola and multiple sitting areas, a westward-facing vista takes in the Hollywood Sign, Griffith Park Observatory and every sunset yet to come. The buyers of this home saw the potential, and trusted that ReInhabit would make it special. The design+build firm has done that and more, in a space that combines artfulness and practicality in an ideal family home.

A gorgeous photo tour can be found at 1444murray.com. For inquiries, contact Tracy Do Real Estate.

To receive new listings by email, or to schedule a viewing click here!

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4005 Monroe Street #7 in Silver Lake

List Price $569,000

2 bedrooms • 2.5 bathrooms

1,340 sf condominium home

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A Silver Lake modern with fabulous views, presented exclusively by Tracy Do Real Estate.

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This two-level condominium provides plenty of space and a low-maintenance lifestyle. 2007 construction means the home is fresh and contemporary, with an open kitchen and dining area that flows to a balcony with built-in seating.

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The view from the living room pans across the hills to palm trees, sparkling city lights, Griffith Park Observatory and the iconic Hollywood sign.

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Downstairs are two bedrooms, two gorgeous bathrooms, laundry and ample closet space. Features include high ceilings, skylights, recessed lighting and brilliant ebony floors.

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This 12-unit HOA is well maintained and very well located, just a few blocks from Sqirl and not much farther to the heart of Sunset Junction. Two parking spaces are included along with a huge separate storage space, unique to the unit.

For a full photo tour, head to 4005monroe7.com. To book a showing, contact Tracy Do Real Estate.

To receive new listings by email, or to schedule a viewing click here!

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