Good Advice from Our Friends at Zillow

From real estate website Zillow and author Jill Simmons: “Choosing the right agent is more crucial than ever in this type of environment. You need to find someone who is skilled at negotiations and knows how to handle competitive offer situations.” Read her article about the market’s “new normal,” and remember: the caliber of agent she’s referring to is exactly what you’ll find at Tracy Do Real Estate.

 

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Textbook Modern circa 1965 in Glendale

List Price $865,000

3 bedrooms • 2.5 bathrooms

2,788 sf • 7,913 sf lot

There’s a fine line between coincidence and a bona fide trend. Whichever it is, LA-area buyers have reason to rejoice: yet another stunning mid century modern home has come to market, joining recent entries we posted on 3/25 and 3/19. This one was the personal residence of noted architect Denver Markwith Jr., located on a quiet street in the Rossmoyne/Verdugo Woodlands of Glendale.

The place is so well preserved it almost feels like a time capsule. Amazingly, this museum-quality home is something of a value considering its size and location — to say nothing of its intrinsic beauty and overall functionality as a modern-day living space. For a private tour, contact Tracy Do Real Estate.

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Listing courtesy of Scott King, Deasy/Penner & Partners.

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Prices ⇡ Sales ⇣ What Gives?

A glance at the real estate headlines these past two days could come with a caution sign: beware of whiplash.

3/26: “Home Prices Post Sharp Increases in January”

3/27: “Pending Home Sales Flat…”

 

“…with Low Housing Supply.” And therein lies the rub. Alejandro Lazo’s pair of articles in the LA Times might seem contradictory at first. But a closer read reveals the Catch-22 of our current housing market: High demand + low supply = increased competition = upward pressure on prices. Of course the sales numbers are flat — if there were enough homes out there, those stats would likely be sky high! Bottom line, it’s a very good time to sell your home. Interest rates remain low and in many areas, values have returned to levels not seen in years.

Finding out what your property is worth is easy. Just call, text or email Tracy Do Real Estate. With over ten years of successful sales and a long list of happy clients, Tracy will personally provide you with a market valuation and will answer all your questions, too. No cost. No obligation. Just sound guidance and expert insight from a friendly, knowledgeable real estate pro.

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1957 Post & Beam in the Hollywood Hills

List Price $2,100,000

3 bedrooms • 2 bathrooms

2,178 sf • 43,037 sf lot

We’ve seen a number of remarkable mid century modern homes offered for sale in recent weeks, and can add this exceptional property to the list. Amazingly, the “Adams Residence” is on the market for the very first time. Designed by Val Powelson, AIA, it’s a wonderful example of Post & Beam architecture, offering walls of glass and panoramic views of Nichols Canyon.

Imagine, just one owner since this home was built — and there will soon be a second. For a private tour of this rare and special property, contact Tracy Do Real Estate.

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Listing courtesy of Joshua Gaunya, Deasy/Penner & Partners.

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Hidden Benefit to Energy Efficient Housing

Energy-efficient homes are a good idea for a lot of reasons. As the Atlantic Cities’ Emily Badger tells us, one of them is that owners are “less likely to get in trouble making their monthly mortgage payments.” It’s an interesting read and you’ll find it here.

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Buying a Home is 44% Cheaper than Renting

Better to own, or better to rent? It’s a classic conundrum with many variables. For this recent study, real estate website Trulia assumed that a buyer will get a 3.5% mortgage rate, reside in the 25% tax bracket and will stay in their home for 7 years. However you can adjust that equation by clicking here and playing with the map (above) interactively.

In the majority of cases, the better decision — in purely financial terms — is to buy your residence.  And a great way to make that happen is by connecting with Tracy Do Real Estate.  Tracy’s top-shelf services come without any cost to homebuyers. So why wait? Click here to send Tracy your personal message, and get started in the search for a home that you’ll love and can improve your financial outlook too.

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Map graphic courtesy of Trulia.

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1420 N. Hoover Street in Los Feliz

List Price $689,000

2 Homes • 4 bedrooms • 3 bathrooms

1,932 sf • 6,204 sf lot

Two great houses on one flat lot. Built in 1922, these two dwellings are situated in an ideal neighborhood equidistant from Los Feliz Village and Sunset Junction, right around the bend from restaurants, coffee shops, movie theaters and markets. An exclusive offering from Tracy Do Real Estate.

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The Home of Modernist Robert Langdon, AIA

List Price $945,000

3 bedrooms • 2 bathrooms

1,880 sf • 11,725 sf lot

Noted architect Langdon, along with partner Ernest Wilson Jr., were the designers of the nation’s first all-reflective glass building, the CNA Tower, and also the Getty Villa in Malibu. Langdon built this house for himself in 1950 while serving as an assistant architect for USC. Occupying a flat parcel in Pasadena’s desirable San Rafael Hills, his personal residence embodies the very best of mid-century modern function and form.The place hasn’t changed hands in nearly 50 years — and presents much like a museum piece. Other than a few minor exceptions, the home stands today as it was originally built, with an open floor plan and walls of glass that embrace the outdoors.From the swimming pool to the abundance of mature Oak trees, everything here comes together naturally and seamlessly, just the way Langdon intended it. For a private tour of this remarkable property, contact Tracy Do Real Estate.

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Listing courtesy of Crosby Doe, Crosby Doe Associates, Inc.

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