1874 Morton Avenue in Echo Park

List Price $749,000

3 bedrooms • 2 bathrooms

1,839 sf • 5000 sf lot

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Exclusively from Tracy Do Real Estate. This Architect’s home of early-LA vintage has been carefully renovated, with a spirit and soul that embodies its Echo Park surroundings. Featuring stunning views and a prime location, the home is a short distance from Elysian Park as well as the best offerings of Echo Park Avenue.

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The foyer presents stairs made from reclaimed wood, leading to a great room with polished concrete floors and abundant natural light. The open kitchen meshes wonderfully to the dining and living areas; multiple French doors provide seamless flow to an expansive yard. Both upstairs bedrooms have their own remodeled baths, while a third bedroom downstairs is ideal for guest quarters or office.

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In the outdoor space you’ll find beautifully landscaped gardens, pathways and sitting nooks, including this large enclosed patio where you can relax and entertain. Showings are by appointment only. Please contact Tracy Do Real Estate.

A beautiful photo tour can be found at 1874morton.com.

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Prices ⇡ Again

la-fi-case-shiller-20130528-gHousing remains hot. In today’s LA Times, Alejandro Lazo reports that a “tight housing supply and strong demand continued to fuel a robust market recovery in March, with the Standard & Poor’s/Case-Shiller index of 20 U.S. cities recording a 10.9% year-over-year increase (see chart, left). That was the strongest increase since April 2006.”

Over at HousingWire, Christina Mlynski talked to David Blitzer of the S&P Dow Jones. His take is that “other housing market data reported in recent weeks confirm these strong trends… At the same time, the larger than usual share of multifamily housing, a large number of homes still in some stage of foreclosure and buying-to-rent by investors suggest that the housing recovery is not complete.”

The upshot? This surging market has yet to run its course – and might not for some time. For help staying ahead of things, contact Tracy Do Real Estate. Our sellers get top-shelf representation, with maximum exposure for your property and ace transaction management. For our buyers, we’re having tremendous success connecting people to the beautiful homes they want and deserve.  Don’t wait for the market to price you out or pass you by. Get in business with the very best: the friendly, experienced professionals at Tracy Do Real Estate.

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The Soleta zeroEnergy One

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From Sammy Medina at Co.DESIGN comes this story about a recent innovation in sustainable home design: “The project, currently on display outside the American embassy in Bucharest, was developed by the Justin Capra Foundation for Invention and Sustainable Technologies (FITS). The goal was to design and build a zero-energy shed that could be used as a house, studio, or office in various climates. It also had to be affordable and versatile.”

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“Nearly every sustainable feature imaginable was embedded in the house, including solar heat, rainwater collectors, in-floor heating, ‘natural’ and ‘forced’ ventilation systems, LED lighting, and high-efficient fixtures… Best, it’s easy to control: You can use your smartphone to calibrate the interior environment to your exact specifications.” (Images courtesy of Soleta, their website is here.)

If the zeroEnergy One house intrigues you, be sure to reach out to us at Tracy Do Real Estate. We can find a vacant lot suitable for any type of home, whether it’s designed from the ground up or from pre-existing plans. In many cases, the cost of building from scratch is comparable to the price of buying an existing home. To explore your options, contact us here.

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Congratulations to Our Friend Eric Garcetti, Mayor of LA

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Both candidates were outstanding, but for us, supporting Eric Garcetti was the clear and natural choice. His strong stewardship of CD13 has made Silver Lake, Echo Park, Atwater Village and Glassell Park some of the very best places to call home — and we would know. Having represented many clients in these neighborhoods, through hundreds of transactions, we’ve seen firsthand the growth, livability and rising property values.

Tracy Do Real Estate is proud to have co-sponosored multiple fundraising events for Mr. Garcetti. It’s been fun getting to know him, and we are certain that his warmth, intelligence and boundless energy will serve LA well into the future.

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1755 N. New Hampshire Ave. in Los Feliz

List Price $449,000

1 bedroom • 1 bathroom

480 sf • 1,760 sf lot

Exclusively from Tracy Do Real Estate comes this small house with big upside; an extremely well located 1 bedroom + 1 bathroom residence with a generous yard, just steps away from Los Feliz Village.

Enter through the front gate into a private outdoor living room, a wonderful space to dine, entertain or simply relax.

Inside the classic 1920 California Bungalow is everything you need, in an efficient footprint utilizing every square inch. The bedroom, kitchen, living room and office all have windows allowing in abundant natural light. You really can have it all in this cozy residence; a great, vintage vibe just a block away from the shopping & dining of Vermont Ave. and the Barnsdall Art Park.

There are many more photos at 1755newhampshire.com

For a private tour, contact Tracy Do Real Estate.

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Home Appraisals No Longer Derailing Sales

From Les Christie at CNN Money… “Consider this one more sign that the housing market is heating up: Appraisers are putting higher values on homes again, allowing for more deals to go through.” Read the full story here.

 

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Prices Surged Last Month

From Alejandro Lazo at the LA Times: “Homes sold at the fastest clip for (April) in seven years, as regular buyers and investors snapped up more than 21,000homes in the six-county region, real estate firm DataQuick reported Tuesday. That was a 4.1% increase from March and a 9.5% jump from a year earlier.” Full story here.

 

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Listen: LA Housing Market Tightens Up

Inventory is down, heralding the return of bidding wars, all-cash offers… it can tough to be a buyer these days. On KPCC’s “Take Two” this morning, host Tess Vigeland spoke about the housing market with Chris Thornberg of Beacon Economics. Says Thornberg, “We knew this was coming. I just don’t think anyone expected it to be quite as dramatic as it has turned out to be.” Their 7-minute conversation is worth your time. Find it here, and be sure to click the “listen now” button on the left.

 

There are several takeaways here, among them the fact that in a tight marketplace like this you need a competitive edge. Put yourself in business with the people who will work hardest for you: the experienced, approachable and always professional team at Tracy Do Real Estate.

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