Buyer Tour PREPARED FOR Westwood Homes Open House July 27th, 2014 JULY 24, 2014
Westwood Homes Open House July 27th, 2014
Apr 01, 2016
This buyer tour booklet lists all the homes open in Westwood on Sunday July 27th, 2014.
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Cloud CMA
Buyer Tour
PREPARED FOR
Westwood Homes Open House July 27th, 2014
JULY 24, 2014
INFOCloud CMA
The Homebuying Process
Follow These Steps
Get prequalified - Your lender will look at your income, credit scores, revolving debts, obligations such as child supportas well as the type of loan you choose. Other factors that impact how much home you can buy is the down payment;smaller down payments mean higher monthly payments. Last, the interest rate and terms (30-year, fixed or adjustablerate) will determine what you can afford in monthly payments.
Make your wish list - Decide where you want to live and how many bedrooms and baths you’ll need. Consider lifestyle -condominiums offer shared amenities, with little responsibility. Single-family homes offer more space and privacy, butmuch more exterior and yard maintenance.
Hire a real estate professional - Your real estate professional should be expert in the area where you want to live andfamiliar with the type of home you want to buy. Your agent has house-by-house experience in your neighborhood andcan offer the best advice on homes in your range.
Select your home - No home is perfect, so don’t let minor flaws influence you. Think long-term. Which home best suitsthe activities and needs of your household now and in the years ahead? Don’t buy more than you need or cancomfortably afford.
Make an offer - Your offer depends on the current market. If a home has been on the market a long time, you can askthe seller for a price reduction, but if it’s new on the market, the seller is unlikely to accept a low offer. Ask your realestate professional for advice.
Get an inspection - A home inspection is a professional third-party opinion of the home’s condition. The inspector willpoint out the age of systems, and large and small repairs that are needed, so you’ll know what you’re facing as the nextowner.
Get an appraisal - The bank appraisal determines market value. If the home doesn’t appraise for the purchase price, thebank will refuse to make the loan unless you renegotiate with the seller. If it appraises, the lender will move towardclosing.
Go to closing - Once final negotiations are complete, the parties to the transaction meet at the escrow office. This couldbe a title company, real estate attorney, or whatever is customary in your area. All paperwork is signed by both parties.The lender pays the seller, minus any liens against the home such as the seller’s mortgage. Once all the disbursementshave been made, you get the keys to your new home, according to your agreement. Congratulations! You’re ready tomove into your new home
LISTINGSCloud CMA
Map of All Listings
MLS # Status Address Price
1 14759247 A 468 LORING AVE, Los Angeles $5,790,000
2 14780195 A 733 MALCOLM AVE, Los Angeles $3,450,000
3 14770289 A 11137 MONTANA AVE, Los Angeles $2,945,000
4 14775115 A 1035 WESTHOLME AVE, Los Angeles $2,750,000
5 14752373 A 551 DALEHURST AVE, Los Angeles $2,595,000
6 14774411 A 439 VETERAN AVE, Los Angeles $1,995,000
7 14768569 A 2143 KERWOOD AVE, Los Angeles $1,975,000
8 14775323 A 1041 WESTHOLME AVE, Los Angeles $1,749,000
9 14779399 A 10362 MISSISSIPPI AVE, Los Angeles $1,379,000
10 14779617 A 2131 KELTON AVE, Los Angeles $950,000
Status: A = Active
MLS#14759247
Cloud CMA
Property Details
$5,790,000468 LORING AVE, Los Angeles
Courtesy of Coldwell Banker-BH NorthLISTING INFORMATION
MLS#: 14759247 Beds: 5 Sq Ft: 4,446 List Date: 5/8/14
Status: Active Baths: 5/0 Year Built: 1938 DOM: 77
FEATURES
Status details: Active; Appliances: Dishwasher,Refrigerator; Floors: Carpet,Hardwood,Stone (N); Cooling:Central A/C; Heating: Central Furnace; View: Other View; TB map code: 632C1; Zoning: LAR1; CDOM:77; Lotsize: 18656;
REMARKS
In Little Holmby, rests this private, gated & stylish, 4400sf Traditional home. This 5 bd/5 ba house sits atop an18,600sf lot w/ lush gardens &stone pathways. Glossy white hardwood & stone floors mesh neatly w/ sheets of glass,perfect for showcasing art & sculptures. A swanky living room w/ FP opens to a sun drenched outdoor loggia whilethe formal dining spills out onto a covered sleek lounge that looks out onto the backyard & swimmer's pool. Vaultedceilings soar above a chef's kitchen w/ top-of-the-line appliances which flows well into the family room & breakfastnook. The master suite, w/ front/backyard views, features a sumptuous bathroom w/ smooth stone counters, soakingtub, sitting area & large walk-in closet. 3 additional bedrooms complete the upstairs. Other rooms include a private 1bed/bath guest house, den/office, 2 car garage & motor court. Centrally located this one-o...
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14759247
How do you rate this property?
Cloud CMA
Buyer Comments
$5,790,000468 LORING AVE, Los Angeles
Courtesy of Coldwell Banker-BH NorthLISTING INFORMATION
MLS#: 14759247 Beds: 5 Sq Ft: 4,446 List Date: 5/8/14
Status: Active Baths: 5/0 Year Built: 1938 DOM: 77
Comments:
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14759247
Cloud CMA
Listing Photos
$5,790,000468 LORING AVE, Los Angeles
MLS#14759247
Cloud CMA
More Listing Photos
$5,790,000468 LORING AVE, Los Angeles
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$5,790,000468 LORING AVE, Los Angeles
School Type Phone Distance
Warner Avenue Elementary School Public/K-5 (310) 475-5893 0.22 mi
Sinai Akiba Academy Private/K-8 (310) 475-6401 0.62 mi
Marymount High School Los Angeles Private/9-12 (310) 472-1205 0.79 mi
Fairburn Avenue Elementary School Public/K-5 (310) 470-1344 0.97 mi
Harvard-Westlake School - Middle School Private/PK, K-12 (310) 274-7281 1.04 mi
St Paul The Apostle School Private/K-8 (310) 474-1588 1.3 mi
El Rodeo Elementary School Public/K-8 (310) 229-3670 1.4 mi
Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 1.4 mi
Moreno High (Continuation) High School Alt./9-12 (310) 551-5100 1.64 mi
Global Montessori School Of WestwoodPrivate, Montessori/
PK,K1.73 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
COMMUNITYCloud CMA
Area Restaurants
$5,790,000468 LORING AVE, Los Angeles
Name Type Distance Rating
Craft American (New) 1.48 mi1144 reviews
Da Pasquale Restaurant Italian, Pizza 1.53 mi320 reviews
Spago American (New), Asian Fusion, Japanese 2.11 mi1038 reviews
The Bazaar by José AndrésSpanish, Venues & Event Spaces, Tapas/SmallPlates
3.29 mi2415 reviews
The Stinking Rose: A GarlicRestaurant
Italian, American (New), Steakhouses 3.32 mi2192 reviews
The Little Door French, Seafood, Steakhouses 3.8 mi1086 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 4.11 mi477 reviews
Animal American (New) 4.16 mi2264 reviews
Melisse French, Seafood 4.72 mi749 reviews
Angelini Osteria Italian 4.86 mi942 reviews
Genwa Korean Bbq Korean, Barbeque 5.35 mi1531 reviews
Providence Seafood 5.98 mi1678 reviews
MLS#14780195
Cloud CMA
Property Details
$3,450,000733 MALCOLM AVE, Los Angeles
Courtesy of Coldwell Banker-BH SouthLISTING INFORMATION
MLS#: 14780195 Beds: 5 Sq Ft: 4,107 List Date: 7/23/14
Status: Active Baths: 5/1 Year Built: 1935 DOM: 1
FEATURES
Status details: Active; Interior: Pre-wired for high speed Data; Floors: Hardwood,Mixed (N),Tile (N); Cooling:Air Conditioning; Heating: Hot Water Radiant Floor (N); View: Other View; TB map code: 632B2; Zoning:LAR1; CDOM: 51; Lotsize: 8217;
REMARKS
Entertainer's Paradise in Little Holmby and Warner Schools! Remodeled in 2009 by Warren Wanger (in the school ofIrving "Jack" Gill, The Dodge House), this 5 bed/5.5 bath contemporary home, incluiding guest house, is anentertainer's delight. Upon entering, guests will notice the nice flow of the open floor plan, the archways, and naturallight warming the interior. The central stereo system fills the home, patio, and pool area with music. No expense wasspared in this remodel. From the solar-powered radiant heated floors, the 100+ year-old wood shipped from a barn inNew England, T-1 lines, or Ipe wood patio, this home is a true dream home!
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14780195
How do you rate this property?
Cloud CMA
Buyer Comments
$3,450,000733 MALCOLM AVE, Los Angeles
Courtesy of Coldwell Banker-BH SouthLISTING INFORMATION
MLS#: 14780195 Beds: 5 Sq Ft: 4,107 List Date: 7/23/14
Status: Active Baths: 5/1 Year Built: 1935 DOM: 1
Comments:
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14780195
Cloud CMA
Listing Photos
$3,450,000733 MALCOLM AVE, Los Angeles
MLS#14780195
Cloud CMA
More Listing Photos
$3,450,000733 MALCOLM AVE, Los Angeles
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$3,450,000733 MALCOLM AVE, Los Angeles
School Type Phone Distance
Warner Avenue Elementary School Public/K-5 (310) 475-5893 0.33 mi
Sinai Akiba Academy Private/K-8 (310) 475-6401 0.61 mi
Marymount High School Los Angeles Private/9-12 (310) 472-1205 0.72 mi
Fairburn Avenue Elementary School Public/K-5 (310) 470-1344 0.73 mi
St Paul The Apostle School Private/K-8 (310) 474-1588 0.89 mi
Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 1.01 mi
Global Montessori School Of WestwoodPrivate, Montessori/
PK,K1.32 mi
Harvard-Westlake School - Middle School Private/PK, K-12 (310) 274-7281 1.47 mi
Westwood Elementary School Charter/K-5 (310) 474-7788 1.47 mi
El Rodeo Elementary School Public/K-8 (310) 229-3670 1.61 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
COMMUNITYCloud CMA
Area Restaurants
$3,450,000733 MALCOLM AVE, Los Angeles
Name Type Distance Rating
Craft American (New) 1.45 mi1144 reviews
Da Pasquale Restaurant Italian, Pizza 1.72 mi320 reviews
Spago American (New), Asian Fusion, Japanese 2.3 mi1038 reviews
The Stinking Rose: A GarlicRestaurant
Italian, American (New), Steakhouses 3.52 mi2192 reviews
The Bazaar by José AndrésSpanish, Venues & Event Spaces, Tapas/SmallPlates
3.52 mi2415 reviews
The Little Door French, Seafood, Steakhouses 4.05 mi1086 reviews
Melisse French, Seafood 4.27 mi749 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 4.43 mi477 reviews
Tar & Roses American (New) 4.66 mi949 reviews
Angelini Osteria Italian 5.12 mi942 reviews
Genwa Korean Bbq Korean, Barbeque 5.55 mi1531 reviews
Providence Seafood 6.27 mi1678 reviews
MLS#14770289
Cloud CMA
Property Details
$2,945,00011137 MONTANA AVE, Los Angeles
Courtesy of Berkshire Hathaway HomeServices California PropertiesLISTING INFORMATION
MLS#: 14770289 Beds: 5 Sq Ft: 2,778 List Date: 6/18/14
Status: Active Baths: 3/0 Year Built: 1929 DOM: 36
FEATURES
Status details: Active; Appliances: Dishwasher,Dryer,Refrigerator,Washer; Exterior: Brick,Brick and Wood;Interior: Basement,Built-Ins,Turnkey; Kitchen: Counter Top; Floors: Hardwood; Roof: Composition; MelloRoos: Unknown; Cooling: Central A/C; Heating: Central Furnace; View: Mountain View,Tree Top View; TBmap code: 631J2; Zoning: LAR1; Pool: Heated,Private Pool; Spa: None; Patio: Patio Open; CDOM: 36;Lot description: Back Yard,Fenced Yard,Landscaped,Lawn,Yard; Lotsize: 12459;
REMARKS
Prominently positioned high above Montana Avenue in the well sought after Westwood Hills area of Los Angeles, isthe meticulously designed masterpiece by the talented Architect, Harry Hayden Whiteley. This stately 5 bedroom/3bathroom home embodies the warmth, style, and integrity from its original 1929 origin, and has been updated tohonor the contemporary flair of today. Upon entering the grand brick-laden entry you will discover; hardwood floorsthroughout, a formal living room with fireplace and French doors leading to a covered veranda, an elegant formaldining room that opens to both the kitchen and charming breakfast nook. 4 bedrooms upstairs overlook the lushlylandscaped front and back yards, expansive pool and cabana. This home was clearly designed for graciousentertaining, as evidenced by its decidedly understated noble appearance.
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14770289
How do you rate this property?
Cloud CMA
Buyer Comments
$2,945,00011137 MONTANA AVE, Los Angeles
Courtesy of Berkshire Hathaway HomeServices California PropertiesLISTING INFORMATION
MLS#: 14770289 Beds: 5 Sq Ft: 2,778 List Date: 6/18/14
Status: Active Baths: 3/0 Year Built: 1929 DOM: 36
Comments:
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14770289
Cloud CMA
Listing Photos
$2,945,00011137 MONTANA AVE, Los Angeles
MLS#14770289
Cloud CMA
More Listing Photos
$2,945,00011137 MONTANA AVE, Los Angeles
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$2,945,00011137 MONTANA AVE, Los Angeles
School Type Phone Distance
Marymount High School Los Angeles Private/9-12 (310) 472-1205 0.87 mi
Community Magnet Charter Elementary School Charter/K-5 (310) 476-2281 0.91 mi
Brentwood School Private/K-12 (310) 476-9633 0.96 mi
Archer School For Girls Private/6-12 (310) 873-7000 1.07 mi
St Martin Of Tours Elementary School Private/K-8 (310) 472-7419 1.29 mi
John Thomas Dye School Private/K-6 (310) 476-2811 1.33 mi
Warner Avenue Elementary School Public/K-5 (310) 475-5893 1.58 mi
St Sebastian School Private/1-8 (310) 473-3337 1.6 mi
University Senior High School Public/8-12 (310) 914-3500 1.69 mi
Indian Springs Continuation Alt./9-12 (310) 914-3600 1.7 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
COMMUNITYCloud CMA
Area Restaurants
$2,945,00011137 MONTANA AVE, Los Angeles
Name Type Distance Rating
Craft American (New) 2.51 mi1144 reviews
Da Pasquale Restaurant Italian, Pizza 2.79 mi320 reviews
Spago American (New), Asian Fusion, Japanese 3.38 mi1038 reviews
Melisse French, Seafood 3.71 mi749 reviews
Tar & Roses American (New) 4.14 mi949 reviews
The Bazaar by José AndrésSpanish, Venues & Event Spaces, Tapas/SmallPlates
4.59 mi2415 reviews
The Stinking Rose: A GarlicRestaurant
Italian, American (New), Steakhouses 4.6 mi2192 reviews
The Little Door French, Seafood, Steakhouses 5.11 mi1086 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 5.45 mi477 reviews
Angelini Osteria Italian 6.18 mi942 reviews
Genwa Korean Bbq Korean, Barbeque 6.63 mi1531 reviews
Providence Seafood 7.31 mi1678 reviews
MLS#14775115
Cloud CMA
Property Details
$2,750,0001035 WESTHOLME AVE, Los Angeles
Courtesy of Sotheby's International RealtyLISTING INFORMATION
MLS#: 14775115 Beds: 5 Sq Ft: 4,050 List Date: 7/7/14
Status: Active Baths: 2/2/1/0 Year Built: 1951 DOM: 17
FEATURES
Status details: Active; Floors: Wood Under Carpet; Cooling: Air Conditioning; Heating: Central Furnace;View: City View; TB map code: 632C2; Zoning: LAR1; Patio: Covered Porch; CDOM: 17; Lot description:Fenced; Lotsize: 6888;
REMARKS
Walk down a stunning, tree-lined street to this showpiece home featuring 5 bedrooms, 4.5 baths. Perfectly manicuredoutdoor spaces, featuring grape vines, citrus trees & tiered grassy areas with drip irrigation. Home features gorgeouswood floors in common areas, and a desirable bedroom layout with new carpets, great closets & crown molding ineach. Master bedroom is bright and spacious looking out to the beautifully manicured garden area, with his and herswalk in closets and lovely bathroom. Cooks kitchen with stainless steel appliances, beautiful tile floors, gorgeouscounter tops and French doors leading to a lovely patio area. Plenty of room to entertain with formal dining room,and two living rooms with fireplaces, as well as a den. Enjoy the cedar-lined, 500+bottle wine cellar, and loads ofstorage throughout the home. A true oasis, sure to impress!
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14775115
How do you rate this property?
Cloud CMA
Buyer Comments
$2,750,0001035 WESTHOLME AVE, Los Angeles
Courtesy of Sotheby's International RealtyLISTING INFORMATION
MLS#: 14775115 Beds: 5 Sq Ft: 4,050 List Date: 7/7/14
Status: Active Baths: 2/2/1/0 Year Built: 1951 DOM: 17
Comments:
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14775115
Cloud CMA
Listing Photos
$2,750,0001035 WESTHOLME AVE, Los Angeles
MLS#14775115
Cloud CMA
More Listing Photos
$2,750,0001035 WESTHOLME AVE, Los Angeles
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$2,750,0001035 WESTHOLME AVE, Los Angeles
School Type Phone Distance
Fairburn Avenue Elementary School Public/K-5 (310) 470-1344 0.33 mi
Sinai Akiba Academy Private/K-8 (310) 475-6401 0.4 mi
Warner Avenue Elementary School Public/K-5 (310) 475-5893 0.49 mi
St Paul The Apostle School Private/K-8 (310) 474-1588 0.6 mi
Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 0.69 mi
Global Montessori School Of WestwoodPrivate, Montessori/
PK,K1.02 mi
Westwood Elementary School Charter/K-5 (310) 474-7788 1.1 mi
Marymount High School Los Angeles Private/9-12 (310) 472-1205 1.11 mi
El Rodeo Elementary School Public/K-8 (310) 229-3670 1.4 mi
Moreno High (Continuation) High School Alt./9-12 (310) 551-5100 1.52 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
COMMUNITYCloud CMA
Area Restaurants
$2,750,0001035 WESTHOLME AVE, Los Angeles
Name Type Distance Rating
Craft American (New) 1.16 mi1144 reviews
Da Pasquale Restaurant Italian, Pizza 1.56 mi320 reviews
Spago American (New), Asian Fusion, Japanese 2.12 mi1038 reviews
The Stinking Rose: A GarlicRestaurant
Italian, American (New), Steakhouses 3.32 mi2192 reviews
The Bazaar by José AndrésSpanish, Venues & Event Spaces, Tapas/SmallPlates
3.35 mi2415 reviews
The Little Door French, Seafood, Steakhouses 3.88 mi1086 reviews
Melisse French, Seafood 4.21 mi749 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 4.33 mi477 reviews
Tar & Roses American (New) 4.58 mi949 reviews
Angelini Osteria Italian 4.97 mi942 reviews
Genwa Korean Bbq Korean, Barbeque 5.34 mi1531 reviews
Providence Seafood 6.14 mi1678 reviews
MLS#14752373
Cloud CMA
Property Details
$2,595,000551 DALEHURST AVE, Los Angeles
Courtesy of Coldwell Banker-BH SouthLISTING INFORMATION
MLS#: 14752373 Beds: 3 Sq Ft: 0 List Date: 4/17/14
Status: Active Baths: 3/1 Year Built: 1950 DOM: 98
FEATURES
Status details: Active; Floors: Hardwood,Slate; Cooling: Central A/C; Heating: Central Furnace; View: TreeTop View; TB map code: 632C1; Zoning: LAR1; CDOM: 98; Lotsize: 9094;
REMARKS
Gorgeous classic contemporary home, rebuilt in 2007 with designer style and taste inside and out. Quality finishesand upgrades include top- of -the line appliances, marble and granite kitchen and baths, wood floors, high ceilingsand abundant natural light. Large master offers walk-in closet, his and hers baths. Easy single story living and greatfor entertaining. Back of the home opens to beautifully landscaped yard and patio. Feels like new construction, trulymove in condition. All this on one of Little Holmby's best streets. Close to UCLA, Westwood Village,Holmby Parkand public transportation.
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14752373
How do you rate this property?
Cloud CMA
Buyer Comments
$2,595,000551 DALEHURST AVE, Los Angeles
Courtesy of Coldwell Banker-BH SouthLISTING INFORMATION
MLS#: 14752373 Beds: 3 Sq Ft: 0 List Date: 4/17/14
Status: Active Baths: 3/1 Year Built: 1950 DOM: 98
Comments:
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14752373
Cloud CMA
Listing Photos
$2,595,000551 DALEHURST AVE, Los Angeles
MLS#14752373
Cloud CMA
More Listing Photos
$2,595,000551 DALEHURST AVE, Los Angeles
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$2,595,000551 DALEHURST AVE, Los Angeles
School Type Phone Distance
Warner Avenue Elementary School Public/K-5 (310) 475-5893 0.11 mi
Sinai Akiba Academy Private/K-8 (310) 475-6401 0.55 mi
Marymount High School Los Angeles Private/9-12 (310) 472-1205 0.74 mi
Fairburn Avenue Elementary School Public/K-5 (310) 470-1344 0.82 mi
St Paul The Apostle School Private/K-8 (310) 474-1588 1.1 mi
Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 1.21 mi
Harvard-Westlake School - Middle School Private/PK, K-12 (310) 274-7281 1.23 mi
El Rodeo Elementary School Public/K-8 (310) 229-3670 1.46 mi
Global Montessori School Of WestwoodPrivate, Montessori/
PK,K1.54 mi
Westwood Elementary School Charter/K-5 (310) 474-7788 1.63 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
COMMUNITYCloud CMA
Area Restaurants
$2,595,000551 DALEHURST AVE, Los Angeles
Name Type Distance Rating
Craft American (New) 1.43 mi1144 reviews
Da Pasquale Restaurant Italian, Pizza 1.58 mi320 reviews
Spago American (New), Asian Fusion, Japanese 2.17 mi1038 reviews
The Bazaar by José AndrésSpanish, Venues & Event Spaces, Tapas/SmallPlates
3.37 mi2415 reviews
The Stinking Rose: A GarlicRestaurant
Italian, American (New), Steakhouses 3.38 mi2192 reviews
The Little Door French, Seafood, Steakhouses 3.89 mi1086 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 4.23 mi477 reviews
Melisse French, Seafood 4.53 mi749 reviews
Tar & Roses American (New) 4.92 mi949 reviews
Angelini Osteria Italian 4.96 mi942 reviews
Genwa Korean Bbq Korean, Barbeque 5.42 mi1531 reviews
Providence Seafood 6.09 mi1678 reviews
MLS#14774411
Cloud CMA
Property Details
$1,995,000439 VETERAN AVE, Los Angeles
Courtesy of Coldwell Banker-MontanaLISTING INFORMATION
MLS#: 14774411 Beds: 4 Sq Ft: 3,452 List Date: 7/2/14
Status: Active Baths: 2/2/1/0 Year Built: 1938 DOM: 22
FEATURES
Status details: Active; Appliances: Dishwasher,Garbage Disposal,Refrigerator; Floors: Mixed (N); Cooling: AirConditioning,Central A/C; Heating: Central Furnace,Forced Air; View: No View; TB map code: 631J2;Zoning: LAR1; CDOM: 22; Lotsize: 12171;
REMARKS
A classic 1930's Westwood Ranch. 4 Bedrooms and 4 ~~ Bathrooms. Very spacious, single level home on a largecorner lot close to UCLA. Rooms open to a beautiful central courtyard ideal for family and entertaining. There is aliving room with a fireplace, formal dining room, family room with a fireplace and two offices, hardwood floors,large and bright bedrooms. Added in 1992, a multi-purpose guest quarter which has its own direct street access, livingroom, bedroom, office and ~~ bathroom.
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14774411
How do you rate this property?
Cloud CMA
Buyer Comments
$1,995,000439 VETERAN AVE, Los Angeles
Courtesy of Coldwell Banker-MontanaLISTING INFORMATION
MLS#: 14774411 Beds: 4 Sq Ft: 3,452 List Date: 7/2/14
Status: Active Baths: 2/2/1/0 Year Built: 1938 DOM: 22
Comments:
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14774411
Cloud CMA
Listing Photos
$1,995,000439 VETERAN AVE, Los Angeles
MLS#14774411
Cloud CMA
More Listing Photos
$1,995,000439 VETERAN AVE, Los Angeles
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$1,995,000439 VETERAN AVE, Los Angeles
School Type Phone Distance
Marymount High School Los Angeles Private/9-12 (310) 472-1205 0.78 mi
Community Magnet Charter Elementary School Charter/K-5 (310) 476-2281 1.01 mi
Brentwood School Private/K-12 (310) 476-9633 1.08 mi
Archer School For Girls Private/6-12 (310) 873-7000 1.18 mi
St Martin Of Tours Elementary School Private/K-8 (310) 472-7419 1.4 mi
John Thomas Dye School Private/K-6 (310) 476-2811 1.42 mi
Warner Avenue Elementary School Public/K-5 (310) 475-5893 1.45 mi
St Sebastian School Private/1-8 (310) 473-3337 1.55 mi
St Paul The Apostle School Private/K-8 (310) 474-1588 1.58 mi
Indian Springs Continuation Alt./9-12 (310) 914-3600 1.66 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
COMMUNITYCloud CMA
Area Restaurants
$1,995,000439 VETERAN AVE, Los Angeles
Name Type Distance Rating
Craft American (New) 2.39 mi1144 reviews
Da Pasquale Restaurant Italian, Pizza 2.68 mi320 reviews
Spago American (New), Asian Fusion, Japanese 3.27 mi1038 reviews
Melisse French, Seafood 3.73 mi749 reviews
Tar & Roses American (New) 4.15 mi949 reviews
The Bazaar by José AndrésSpanish, Venues & Event Spaces, Tapas/SmallPlates
4.48 mi2415 reviews
The Stinking Rose: A GarlicRestaurant
Italian, American (New), Steakhouses 4.49 mi2192 reviews
The Little Door French, Seafood, Steakhouses 5.01 mi1086 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 5.35 mi477 reviews
Angelini Osteria Italian 6.08 mi942 reviews
Genwa Korean Bbq Korean, Barbeque 6.52 mi1531 reviews
Providence Seafood 7.21 mi1678 reviews
MLS#14768569
Cloud CMA
Property Details
$1,975,0002143 KERWOOD AVE, Los Angeles
Courtesy of Nelson Shelton & AssociatesLISTING INFORMATION
MLS#: 14768569 Beds: 5 Sq Ft: 4,052 List Date: 6/11/14
Status: Active Baths: 4/0 Year Built: 2006 DOM: 43
FEATURES
Status details: Active; Appliances: Dishwasher,Garbage Disposal,Refrigerator; Floors: Hardwood,Mixed (N);Cooling: Air Conditioning,Central A/C; Heating: Central Furnace; View: No View; TB map code: 632D4;Zoning: LAR1; CDOM: 43; Lotsize: 6010;
REMARKS
HUGE REDUCTION OF $220K MAKES THIS PROPERTY THE LARGEST AVAILABLE HOME PRICEDUNDER $2M IN THIS LOCATION!!! NEWER HOME NEAR THE CENTURY CITY MALL. A MODERNSTRUCTURE IN FRONT W/HI CEILINGS, OPEN FLOOR PLAN W/GREAT NATURAL LIGHT. OPEN SPACECOMBINING THE LIVING/DINING/FAMILY AREA, PERFECT FOR ENTERTAINING. 2 SPLIT BEDRMS ON1ST FLOOR. HUGE MASTER SUITE W/A LRGE BATH, WALK-IN CLOSET, PLUS 2 ADD'L BEDROOMS ON2ND FLR. LOFT/DEN AREA. DUAL ZONED AC FOR UP & DOWN. A DETACHED GUEST HOUSE W/ITSOWN ADDRESS, A PERFECT SET-UP FOR A MUSICIAN/IT/TEENAGEE, ETC. SHOW & SUBMIT!!!
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14768569
How do you rate this property?
Cloud CMA
Buyer Comments
$1,975,0002143 KERWOOD AVE, Los Angeles
Courtesy of Nelson Shelton & AssociatesLISTING INFORMATION
MLS#: 14768569 Beds: 5 Sq Ft: 4,052 List Date: 6/11/14
Status: Active Baths: 4/0 Year Built: 2006 DOM: 43
Comments:
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14768569
Cloud CMA
Listing Photos
$1,975,0002143 KERWOOD AVE, Los Angeles
MLS#14768569
Cloud CMA
More Listing Photos
$1,975,0002143 KERWOOD AVE, Los Angeles
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$1,975,0002143 KERWOOD AVE, Los Angeles
School Type Phone Distance
Le Lycee Francais de Los Angeles-Century CityElementary School
Private/K-1 (310) 553-7444 0.36 mi
St Timothy School Private/PK,K-8 (310) 474-1811 0.44 mi
Westwood Elementary School Charter/K-5 (310) 474-7788 0.87 mi
Moreno High (Continuation) High School Alt./9-12 (310) 551-5100 0.9 mi
Overland Avenue Elementary School Public/K-6 (310) 838-7308 0.91 mi
Beverly Hills High School Public/9-12 (310) 229-3685 0.92 mi
Fairburn Avenue Elementary School Public/K-5 (310) 470-1344 1.01 mi
El Rodeo Elementary School Public/K-8 (310) 229-3670 1.12 mi
Notre Dame Academy Girls High School Private/9-12 (310) 839-5289 1.18 mi
Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 1.18 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
COMMUNITYCloud CMA
Area Restaurants
$1,975,0002143 KERWOOD AVE, Los Angeles
Name Type Distance Rating
Craft American (New) 0.56 mi1144 reviews
Da Pasquale Restaurant Italian, Pizza 1.31 mi320 reviews
Spago American (New), Asian Fusion, Japanese 1.64 mi1038 reviews
The Stinking Rose: A GarlicRestaurant
Italian, American (New), Steakhouses 2.64 mi2192 reviews
The Bazaar by José AndrésSpanish, Venues & Event Spaces, Tapas/SmallPlates
2.74 mi2415 reviews
The Little Door French, Seafood, Steakhouses 3.27 mi1086 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 3.9 mi477 reviews
Angelini Osteria Italian 4.35 mi942 reviews
Genwa Korean Bbq Korean, Barbeque 4.51 mi1531 reviews
Melisse French, Seafood 4.55 mi749 reviews
Providence Seafood 5.54 mi1678 reviews
Soowon Galbi KBBQ Restaurant Korean, Barbeque 7.3 mi1541 reviews
MLS#14775323
Cloud CMA
Property Details
$1,749,0001041 WESTHOLME AVE, Los Angeles
Courtesy of Berkshire Hathaway HomeServices California PropertiesLISTING INFORMATION
MLS#: 14775323 Beds: 3 Sq Ft: 2,050 List Date: 7/7/14
Status: Active Baths: 2/1 Year Built: 1953 DOM: 17
FEATURES
Status details: Active; Appliances: Dishwasher,Refrigerator; Floors: Tile (N),Other; Cooling: None; Heating:Central Furnace; View: No View; TB map code: 632C2; Zoning: LAR1; Patio: Patio Open; CDOM: 17;Lotsize: 6384;
REMARKS
Classic Mid-Century awaits in Little Holmby-Westwood. Open, light & cheerful, this gem blends seamlessly the in &out of doors & sports all the architectural elements of the period: clean lines, tall windows/doors & walls of glass.Spacious Living Room, its vintage, scored concrete fireplace w/ floating hearth adds warmth & interest. This areaflows seamlessly to a casual-feeling Dining Area & to an adjacent Family Room, complete w/ built in bookshelves.Both of these rooms are sensibly sited just off the crisply-done Kitchen & command views to the backyard. Marblefloors grace these public areas. The Kitchen, amply-sized w/ plenty of counter/cabinet space, is done w/ granitecountertops giving it a fresh feel. Three Bedrooms in one wing, the Master w/ its own bath & opening to the yardthrough glass doors. Two Bedrooms share a Hall Bath. Out back, framed & by a verdant wall of tall p...
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14775323
How do you rate this property?
Cloud CMA
Buyer Comments
$1,749,0001041 WESTHOLME AVE, Los Angeles
Courtesy of Berkshire Hathaway HomeServices California PropertiesLISTING INFORMATION
MLS#: 14775323 Beds: 3 Sq Ft: 2,050 List Date: 7/7/14
Status: Active Baths: 2/1 Year Built: 1953 DOM: 17
Comments:
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14775323
Cloud CMA
Listing Photos
$1,749,0001041 WESTHOLME AVE, Los Angeles
MLS#14775323
Cloud CMA
More Listing Photos
$1,749,0001041 WESTHOLME AVE, Los Angeles
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$1,749,0001041 WESTHOLME AVE, Los Angeles
School Type Phone Distance
Fairburn Avenue Elementary School Public/K-5 (310) 470-1344 0.32 mi
Sinai Akiba Academy Private/K-8 (310) 475-6401 0.4 mi
Warner Avenue Elementary School Public/K-5 (310) 475-5893 0.5 mi
St Paul The Apostle School Private/K-8 (310) 474-1588 0.59 mi
Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 0.68 mi
Global Montessori School Of WestwoodPrivate, Montessori/
PK,K1.01 mi
Westwood Elementary School Charter/K-5 (310) 474-7788 1.09 mi
Marymount High School Los Angeles Private/9-12 (310) 472-1205 1.12 mi
El Rodeo Elementary School Public/K-8 (310) 229-3670 1.4 mi
Moreno High (Continuation) High School Alt./9-12 (310) 551-5100 1.51 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
COMMUNITYCloud CMA
Area Restaurants
$1,749,0001041 WESTHOLME AVE, Los Angeles
Name Type Distance Rating
Craft American (New) 1.15 mi1144 reviews
Da Pasquale Restaurant Italian, Pizza 1.55 mi320 reviews
Spago American (New), Asian Fusion, Japanese 2.12 mi1038 reviews
The Stinking Rose: A GarlicRestaurant
Italian, American (New), Steakhouses 3.32 mi2192 reviews
The Bazaar by José AndrésSpanish, Venues & Event Spaces, Tapas/SmallPlates
3.35 mi2415 reviews
The Little Door French, Seafood, Steakhouses 3.88 mi1086 reviews
Melisse French, Seafood 4.21 mi749 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 4.33 mi477 reviews
Tar & Roses American (New) 4.57 mi949 reviews
Angelini Osteria Italian 4.97 mi942 reviews
Genwa Korean Bbq Korean, Barbeque 5.33 mi1531 reviews
Providence Seafood 6.13 mi1678 reviews
MLS#14779399
Cloud CMA
Property Details
$1,379,00010362 MISSISSIPPI AVE, Los Angeles
Courtesy of Teles Properties, Inc.LISTING INFORMATION
MLS#: 14779399 Beds: 3 Sq Ft: 1,661 List Date: 7/22/14
Status: Active Baths: 1/2/0/0 Year Built: 1948 DOM: 2
FEATURES
Status details: Active; Appliances: Dishwasher; Floors: Hardwood; Cooling: Central A/C; Heating: CentralFurnace; View: City View,Tree Top View; TB map code: 632D4; Zoning: LAR1; Patio: Patio Open; CDOM:2; Builders tract name: CENTURY CITY ADJACENT; Lotsize: 4580;
REMARKS
Beautifully remodeled & maintained 3 bed/2.75 bath Traditional set on private knoll on one of Westwood's premieretree-lined streets.This mid-block Century City adjacent home boasts incredible updates & designer finishes thruout.Stacked-stone stairway leads to flagstone front porch.Enter LR w/ blt-ins, fireplace w/ limestone hearth & recessedlighting opens to DR both overlooking tree top views.Stunning kitchen w/ granite countertops, charming blt-in bfastnook & sideyard access. Fabulous floorpln w/ 2 master suites. Rear master suite w/ sitting area, french doors to patio& yard, walk-in closet & luxurious 3/4 master bath w/ seagrass limestone & carerra marble finishes. Lushlylandscaped & completely private terraced bkyd inclds romantic upper patio w/ treetop & city views, lower brick patio& grassy area.Features include central a/c/heat, newer roof & gutters, remodeled bathrms, re...
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14779399
How do you rate this property?
Cloud CMA
Buyer Comments
$1,379,00010362 MISSISSIPPI AVE, Los Angeles
Courtesy of Teles Properties, Inc.LISTING INFORMATION
MLS#: 14779399 Beds: 3 Sq Ft: 1,661 List Date: 7/22/14
Status: Active Baths: 1/2/0/0 Year Built: 1948 DOM: 2
Comments:
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14779399
Cloud CMA
Listing Photos
$1,379,00010362 MISSISSIPPI AVE, Los Angeles
MLS#14779399
Cloud CMA
More Listing Photos
$1,379,00010362 MISSISSIPPI AVE, Los Angeles
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$1,379,00010362 MISSISSIPPI AVE, Los Angeles
School Type Phone Distance
Le Lycee Francais de Los Angeles-Century CityElementary School
Private/K-1 (310) 553-7444 0.56 mi
St Timothy School Private/PK,K-8 (310) 474-1811 0.61 mi
Fairburn Avenue Elementary School Public/K-5 (310) 470-1344 0.82 mi
Westwood Elementary School Charter/K-5 (310) 474-7788 0.83 mi
Moreno High (Continuation) High School Alt./9-12 (310) 551-5100 0.84 mi
Beverly Hills High School Public/9-12 (310) 229-3685 0.89 mi
El Rodeo Elementary School Public/K-8 (310) 229-3670 1.01 mi
Sinai Akiba Academy Private/K-8 (310) 475-6401 1.01 mi
Overland Avenue Elementary School Public/K-6 (310) 838-7308 1.05 mi
Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 1.06 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
COMMUNITYCloud CMA
Area Restaurants
$1,379,00010362 MISSISSIPPI AVE, Los Angeles
Name Type Distance Rating
Craft American (New) 0.48 mi1144 reviews
Da Pasquale Restaurant Italian, Pizza 1.23 mi320 reviews
Spago American (New), Asian Fusion, Japanese 1.62 mi1038 reviews
The Stinking Rose: A GarlicRestaurant
Italian, American (New), Steakhouses 2.67 mi2192 reviews
The Bazaar by José AndrésSpanish, Venues & Event Spaces, Tapas/SmallPlates
2.76 mi2415 reviews
The Little Door French, Seafood, Steakhouses 3.29 mi1086 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 3.89 mi477 reviews
Angelini Osteria Italian 4.38 mi942 reviews
Melisse French, Seafood 4.53 mi749 reviews
Genwa Korean Bbq Korean, Barbeque 4.58 mi1531 reviews
Providence Seafood 5.57 mi1678 reviews
Soowon Galbi KBBQ Restaurant Korean, Barbeque 7.39 mi1541 reviews
MLS#14779617
Cloud CMA
Property Details
$950,0002131 KELTON AVE, Los Angeles
Courtesy of Sellstate Exclusive RealtyLISTING INFORMATION
MLS#: 14779617 Beds: 2 Sq Ft: 940 List Date: 7/21/14
Status: Active Baths: 1/0 Year Built: 1938 DOM: 3
FEATURES
Status details: Active; Appliances: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Washer; Floors:Hardwood,Marble,Tile (N); Roof: Shingle; Cooling: None,Attic Fan,Ceiling Fan(s); Heating: Floor Furnace;View: Tree Top View; TB map code: 632C5; Zoning: LAR1; Spa: None; CDOM: 3; Lotsize: 5408;
REMARKS
Charming house in a great street in the heart of Westwood. Live in this lovely home and expand it later. Hardwoodfloors. Nice FP in living room. Recessed lighting . Kitchen with breakfast area, granite counters and stainless steelappliances. Backyard with fruit trees. Great opportunity for developers, first time home buyers, investors and familyin Charter School district. Close to UCLA, Santa Monica college, Westside Pavillion, resturants and transportation.
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14779617
How do you rate this property?
Cloud CMA
Buyer Comments
$950,0002131 KELTON AVE, Los Angeles
Courtesy of Sellstate Exclusive RealtyLISTING INFORMATION
MLS#: 14779617 Beds: 2 Sq Ft: 940 List Date: 7/21/14
Status: Active Baths: 1/0 Year Built: 1938 DOM: 3
Comments:
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14779617
Cloud CMA
Listing Photos
$950,0002131 KELTON AVE, Los Angeles
MLS#14779617
Cloud CMA
More Listing Photos
$950,0002131 KELTON AVE, Los Angeles
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$950,0002131 KELTON AVE, Los Angeles
School Type Phone Distance
Westwood Elementary School Charter/K-5 (310) 474-7788 0.36 mi
Global Montessori School Of WestwoodPrivate, Montessori/
PK,K0.41 mi
Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 0.69 mi
St Paul The Apostle School Private/K-8 (310) 474-1588 0.81 mi
New Horizon School Westside Private/PK,K-5 (310) 231-6092 0.82 mi
Nora Sterry Elementary School Public/K-5 (310) 473-2172 0.92 mi
Daniel Webster Middle School Public/4-8 (310) 235-4600 0.94 mi
Overland Avenue Elementary School Public/K-6 (310) 838-7308 0.96 mi
St Joan of Arc School Private/PK, K-8 (310) 479-3607 1.0 mi
St Timothy School Private/PK,K-8 (310) 474-1811 1.05 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
COMMUNITYCloud CMA
Area Restaurants
$950,0002131 KELTON AVE, Los Angeles
Name Type Distance Rating
Craft American (New) 1.54 mi1144 reviews
Da Pasquale Restaurant Italian, Pizza 2.27 mi320 reviews
Spago American (New), Asian Fusion, Japanese 2.67 mi1038 reviews
Melisse French, Seafood 3.53 mi749 reviews
The Stinking Rose: A GarlicRestaurant
Italian, American (New), Steakhouses 3.66 mi2192 reviews
The Bazaar by José AndrésSpanish, Venues & Event Spaces, Tapas/SmallPlates
3.77 mi2415 reviews
Tar & Roses American (New) 3.8 mi949 reviews
The Little Door French, Seafood, Steakhouses 4.3 mi1086 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 4.93 mi477 reviews
Angelini Osteria Italian 5.37 mi942 reviews
Genwa Korean Bbq Korean, Barbeque 5.48 mi1531 reviews
Providence Seafood 6.56 mi1678 reviews
INFOCloud CMA
What Are Your Homebuying Goals?
With the dramatic rise and fall of housing prices over the last decade, consumers have new respect for homes asinvestments. But the flip side, is that your investment is still a home, one you’re likely to occupy for several years ormore.
Ownership
According to the annual Profile of Home Buyers and Sellers, compiled by the National Association of REALTORS®, theprimary reason buyers cite for purchasing a home is simply the desire to own, followed closely by the desire for morespace, and a change in the family situation.
For most people, buying a home is more about giving household members more comfortable living arrangements andputting them closer to jobs, favorite activities, other family and friends. What are your goals for buying a home? Youmight want a better home and neighborhood. You might want a different kind of living experience, such as moving froman apartment to a single-family home with a private garage and yard. Your family may be growing, so you have to thinkabout school districts and proximity to parks and other recreation.
If you’re not certain, you might think about what would change about your situation if you became a homeowner. You’lldefinitely be more established. If you’re like most homebuyers, you expect to stay in your new home about 10 years.
Equity
You’ll also build equity for yourself, instead of for someone else. Every payment you make, plus the rules of inflation willeventually allow you to recoup most if not all of your investment, or make a profit when you sell. Affordability may alsobe an important factor for you. The combination of low interest rates and low prices allows you to buy more home forthe money. Rents are rising, making ownership more affordable than renting in many areas, especially when you factorin tax incentives such as mortgage interest deductions and property taxes allowable as deductions against your income.
When you buy, make your goals long-term. Choose the home you think will serve your household’s needs the best for thelongest period of time, as it’s been proven that the longer you own a home, the more equity you’ll build. Today’s marketconditions and affordability, make it more likely that you will reach your homebuying goals, no matter what they are.
INFOCloud CMA
How to Decide Which Home to Buy
Buying a home is a long-term commitment. The home you buy should be affordable, yet offer the size, features andamenities you and your family want.
Affordability
Your monthly payments should be comfortable for you to handle, in relationship to your total obligations, about 28%of gross monthly income. Your house payment and your debts should not exceed 36% of your income, includingrevolving credit, student loans, and child support. You should also be in the correct loan for your needs. A fixed rate ismore expensive, but offers more protection than an adjustable rate mortgage that can reset to a higher amount, makingyour monthly payments higher.
Also, consider the monthly operating costs of the home including utilities, HOA fees, landscaping, commuting, andother costs.
Location
Location is about convenience, and you’ll pay a premium to be closer to work centers, parks, shopping andtransportation. You can buy a smaller home, or you can buy a home in need of updates to get closer to where you needto be. Think about your commutes to frequent destinations, including jobs, schools, family and friends. To get “morehouse,” you may have to move further away from core city centers.
Features
Make a list of must-have features so you can narrow your home search. A front porch, a two-car garage, hardwood floors,and eat-in kitchen can all add to the enjoyment of your home. Just as important is how your home is designed. Thenumber of bedrooms and baths should suit your household members, and the layout should suit your lifestyle. If youlike to entertain, you should have plenty of dining space and storage for dishes and cookware. If you frequently work athome, you’ll need a home office or at least a quiet designated workspace. Just make sure the home you choose allowsroom for your family to grow.
Talk to your lender and see what you can qualify to buy, then talk with your real estate professional about the home youhave in mind. With professional guidance, you should be able to find and buy the home of your dreams, where you’ll behappy for a long time to come.
INFOCloud CMA
Lower Price or Lower Interest Rate
Which Is Better?
In a buyer’s market, buyers wait for signs that prices are going lower. In a seller’s market, buyers don’t wait because they’reafraid prices will go higher. Both markets move on the fear of paying too much.
Right now, buyers have the best of both worlds – home prices have rolled back to nearly a decade ago, and mortgageinterest rates are at record lows. Yet, many buyers are still waiting for a sign that it’s the right time to buy.
Should you wait for lower prices or lower interest rates before you jump in? Consider the following:
The price of a home is fixed. Buyers have figured out that interest rates can change, so they wait for prices to go lower,but what they don’t realize is that prices have to drop significantly to equal a minor fluctuation in mortgage interest rates.
Mortgage Calculator
A quick visit to a mortgage calculator will show you the following:
• If you buy a home at $200,000 and a 30-year, fixed-rate mortgage at 4.5%, your monthly payment will be $1,013.37and you’ll pay $164,813.42 in interest over the life of the loan.
• The same home at 5% interest costs $1,073.64, a difference of $60.27 more per month and $186,511.57 in interestover the life of the loan. The difference in interest payments alone is $21,698.15.
• If your home dropped 5% in value and you were able to buy it at $190,000 and 4.5% interest, your payment wouldbe $962.70, a difference of $50.67 per month, with $156,572.75 in interest over the life of the loan. You’d save $50.67per month than if you’d paid $200,000.
• At 5%, your $190,000 home costs $1019.96, or $53.68 more per month than if you’d gotten the loan at 4.5%. Yourinterest payments would total $177,185.99 over the life of the loan. The difference in payments is $20,613.24.
Home prices today are well below the peak of the housing boom in 2005, and mortgage interest rates are at all-time lows.Sooner or later one of them will move up.
Why not buy while both are low?
INFOCloud CMA
Your Down Payment
Good News
Lately, it’s been in the news that credit is tight, but if you believe that you need 20% down and perfect credit to buy ahome, you may have good news coming.
Loans are available with as little as zero down through the Veterans Administration, for veterans and active-duty military.FHA has programs as low as 3.5 percent down for qualifying borrowers who buy within maximum loan limits, up to$625,000.
Credit Score
Borrowers with less than perfect credit can get loans as well. Higher credit scores help qualify borrowers for better rates.For example, if you have a credit score of 720 or better, you can buy a home through FHA with 10% down.
The rule of thumb is simple – less money down requires a higher credit score and vice versa.
A down payment is simply your way of showing the lender that you are willing to risk your money to buy the home youwant. The larger the down payment, the more likely the lender is to make the loan.
The credit score will tell you how much money you have to put down; it’s a factor in your interest rate. If you put 20percent down, you can get a loan even if you have a low credit score of 580 or 620. If you have a 740 or 760, the lenderwill go with less money down.
First Time Buyers
It also matters where the down payment money is coming from. Lenders expect first-time buyers to get help from familyto buy a home, so there may be limits to the size or percentage of the down payment gift that the lender will allow.
Down payment assistance can also come from grants. The FHA no longer allows seller-assisted down payments, but doesprovide a link to national organizations that may be of help. Also, check your local housing authority to see if there aregrants available in your area.
Talk to your lender before you make an offer. Get prequalified, and be up front about the source of your down paymentmoney. A good lender will explain the true costs of borrowing to you so you can comfortably afford the home you wantas well as the monthly payments.
INFOCloud CMA
Making an Offer
Before you submit an offer, have your agent pull up the most recent sold comparables (CMA) within a reasonable radiusof the home, so you can compare the home fairly in terms of location, size, features, and amenities. Next, ask your agentabout market conditions, so you can choose a strategy.
Strategy
In a buyer’s market, discounts are common because there are fewer buyers, more properties for sale, and home prices aresoft or falling. In a seller’s market, homes sell quickly for full price or higher because there are plenty of buyers and fewhomes for sale. Whether you are in a buyer’s market or a seller’s market, your goal is to buy the home at a fair price. Ifyou were the seller, what is the lowest possible price you’d accept?
Risk
Low-balling the seller is risky. If the seller feels insulted by your offer, you’ve lost the opportunity to negotiate. On theother hand, some sellers are simply unrealistic about their home’s value. Maybe your offer will be their wake-up call. Ifthe seller’s home is offered at a reasonable price, pay asking price or close to it. A home priced to sell will sell quickly.
Is there a way to sweeten your offer with a quick closing or an all-cash sale? To show the seller you’re serious, include acopy of your lender’s pre-approval letter, along with a cover letter summarizing your strengths as a buyer in terms ofcreditworthiness, flexibility in closing, and why you love this home. Include a copy of your comparables to show whyyou feel your offer is a fair price for the property. If your offer is conditional, such as your need to sell another homebefore closing on the seller’s, you’ll have to find a way to sweeten the deal, such as a full-price offer. Few sellers wouldaccept a discount and a contingency at the same time.
Reward
Your real estate professional will help you draft the offer with a price, estimated closing date, and terms, includingearnest money (a guarantee that you’ll perform as a buyer in good faith), final approval by your lender, and your right tohave an inspection. Once your offer is negotiated and accepted, your earnest money will be sent to the escrow agent'soffice. Now the inspections occur, and this is where the contract negotiations can break down. During the inspectionprocess, the inspector will tell you about the condition of appliances, heat and cooling systems, roofs, electrical andplumbing systems, etc, and if your future home is up to current city codes. You should only renegotiate a repair when itwasn’t obvious before, or when a system is unsafe or not functioning. Once the seller has agreed, your offer is now abinding contract, and you’ll proceed to closing.
INTRO
Download this report (PDF)
What's Up With The Bar Code?
This QR code makes it easy for you to download thisreport to your smart phone.
1. Make sure your phone can scan a QR code withits camera. If you don't already have one, you can tryhttp://cloudcma.com/qr on your phone's browser todownload an app, or do a Google search for the model ofyour phone along with the term "QR reader".
2. Now use that app to scan the QR code above.
Scott McIntoshColdwell Banker
BRE number 01759826
Mobile 310-500-6107
Web www.scott-mcintosh.com
E-mail [email protected]
Blog www.thewestwoodblog.com
Facebook http://www.facebook.com/agentscott
Twitter https://twitter.com/#!/theagentscott
LinkedIn http://www.linkedin.com/in/agentscott
Address 11999 San Vicente Blvd. Suite 100, LACA 90049
Office 310-979-3942
Cloud CMA
Contact Me
Related Documents
