14245 Dickens St. #307 Sherman Oaks, CA 91423 JUST REDUCED TO $599,000

OPEN SUNDAY 2-5PM

$599,000 3bedrooms/2.5bathrooms 1,821 sq. ft. 

Property Website: http://dickenscondo.com/ 

This three-bedroom, two-and-a-half bathroom top-floor town home offers all of the must haves in a sought-after neighborhood south of Ventura Boulevard.

Enter the light filled home to find a bonus room perfect for a playroom, office, or den. The spacious living room features high ceilings, recessed lighting, an attached dining area, and a balcony with a gas hook-up for outdoor bbq-ing. The large eat-in kitchen offers tons of storage space, stainless steel appliances, and sunny window overlooking the complex’s sparkling pool.

The well-appointed bedrooms are downstairs, allowing for extra privacy from the upstairs space. Once down the stairs, you will find two good sized guest rooms with large windows and great closets. The in-unit laundry is also located conveniently near the bedrooms, as well as a shared full bathroom.

The over-sized master bathroom offers all of the luxury and amenities of your very own home spa experience. The master provides a large walk-in cedar closet, a second wall closet, and a separate vanity and sink area. The large bathroom with a separate tub and shower also offers a unique feature – your very own sauna!

The complex offers a large swimmer’s pool, great patio chairs for lounging and BBQs, and a nice, hot Jacuzzi for those chilly L.A. spring eves. Two secure side-by-side parking spaces along with several guest spaces allow for easy access to and fro.

This Sherman Oaks location can’t be beat. Walk to restaurants, movies, shopping, your favorite yoga spot, and the new Ralphs on Ventura Blvd. The building’s address is in the highly sought-after Sherman Oaks Elementary School district, and there’s certainly enough space to raise a family in this large 1,821 square-foot unit!

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Hot Deal of the Week: 14835 Valley Vista Blvd. Sherman Oaks ,CA 91403

Asking Price: $1,029,000

Bedrooms: 5

Bathrooms: 5

Approx. Sq. ft: 4,608

Approx. Lot Size: 8,288

Year Built: 1975

Description:

DWP water main break created an opportunity for a Builder/Investor to creat a
South of the blvd entertainer’s dream home. Property suffered water damage
inside and out. House has three levels with over 4600 sqft (per assr) of high
ceilings, open floor plan, 3 car garage. Master suite has a private fireplace
and loft that can be opened and expanded to creat a private getaway. High
ceilings in both the formal dining room and living room with fireplace and
spectacular views, as well as a large game/media room with its own fireplace and
balcony that looks over an entertainers yard with pool, spa and private sports
court. Kitchen can be opened to the den with yet another fireplace and side
balcony that has enough room to construct a wine cellar and/or cigar room. 4
spacious bedrooms with 2 dual baths that share a balcony that lead to the large
private grounds. Every level features views of the valley through large glass
windows. Outdoor is plumbed for an additional kitchen and private bath. Buyer to
investigate. Possibilities are endless….

House has been stripped down to studs and floor boards from DWP water main
damage. Ready for rebuild!

Please contact me at (310)402-8181 or jkryukova@gmail.com

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Listing Courtesy of: John Mihranian; Prudential California Realty

Why are families flocking to Sherman Oaks, CA?

As a Realtor in Los Angeles and also a native of the city, I know how expensive and even out of reach buying a proper family house can be in Los Angeles.   By proper family house – I mean 3 -4 bedrooms, good living spaces, a nice sized yard, and a kitchen with that large island all the kids can gather around – most moms dream of this and I can understand why! Unfortunately hard working parents all over this city are finding themselves unable to afford that dream because the LA market, even in this recession, is incredibly expensive when compared to the rest of the Country.  In Dallas…you can have a 5 bedroom house for $450,000, in the suburbs of Minnesota you can own a 4 bedroom house on a lake with a huge yard for $350,000…it just seems like the American Dream is so much more realistic everywhere but Los Angeles.  This brings us to Sherman Oaks, a beautiful part of Los Angeles that offers good public schools, easy access to freeways and canyons, as well as great parks, shopping, and entertainment.  As a Realtor who works with many families and often times families who are relocating or expanding – I believe Sherman Oaks is a great place to invest! In the $850,000 range you can get over 2,500 square feet,  at least 3 bedrooms, that great big grassy yard, and large kitchen you’ve been dreaming of.  Ventura Boulevard is now filled with tons of trendy coffee shops, restaurants, and stores for kids, clothing, art, and antiques.   It’s just plain simple – Sherman Oaks is upscale and accessible – but it’s also affordable! You get more for your money just over the hill and it’s a great place to raise your family! If you’re looking for a great family house in the area or looking to sell a property you currently own – please feel free to contact me at (310)402-8181 or jkryukova@gmail.com

 

http://www.juliekproperties.com

Written by: Julie Kryukova

Financing Game Changer to Affect All Buyers and Sellers!

If you’re a buyer or seller on the fence about making a move, October 1st could be a game changing date.

Starting October 1, 2011 “Conforming” (think Fannie and Freddie) and FHA loan limits are set to be lowered nationwide as the federal government looks to lessen its footprint in the business.  This means the current loan limit of $729,750 in Los Angeles that we’ve gotten used to in the past several years will be reduced to $625,000 this fall. So why does that matter to you? Since most buyers rely on the low rates, smaller down payment requirements and the easier underwriting guidelines offered by these government backed loans, the market is going to lose a tremendous amount of its purchasing power. When purchasing power decreases it puts downward pressure on sale prices. For sellers in certain price ranges this means less qualified buyers this fall. For buyers this will put many properties out of reach. For example:  With the conforming loan limit at the current $729k the average buyer with 20% down payment can buy a $910,000 house.  When the conforming loan limit decreases back to $625k, the average buyer with 20% down payment can only buy a $780,000 house using conforming financing. Today an FHA buyer with the minimum 3.5% down payment has the power to buy a $755,000 property. After October that max purchase price drops to $646,000. If you’re planning on buying or selling you may want to accelerate your timeline.   Of course there is and will continue to be financing far above these loan limits. However, these “non-conforming” or JUMBO loans may have higher interest rates, are more difficult to qualify for, require a larger down payment, and require more post closing cash reserves by the borrower.

It’s also important for you to know that this is not being backed by the government so in turn the Jumbo loan product varies significantly from one bank to the next and one lender to another. It is not “one size fits all” when it comes to jumbo loans. That’s why it is so important to have a mortgage consultant who is skilled in jumbo financing, not only understanding the different programs and guidelines but having access to all of those choices. Please don’t hesitate to call for any additional information on these upcoming changes or any property sales questions you may have.

Why are families flocking to Sherman Oaks?

As a Realtor in Los Angeles and also a native of the city, I know how expensive and even out of reach buying a proper family house can be in Los Angeles.   By proper family house – I mean 3 -4 bedrooms, good living spaces, a nice sized yard, and a kitchen with that large island all the kids can gather around – most moms dream of this and I can understand why! Unfortunately hard working parents all over this city are finding themselves unable to afford that dream because the LA market, even in this recession, is incredibly expensive when compared to the rest of the Country.  In Dallas…you can have a 5 bedroom house for $450,000, in the suburbs of Minnesota you can own a 4 bedroom house on a lake with a huge yard for $350,000…it just seems like the American Dream is so much more realistic everywhere but Los Angeles.  This brings us to Sherman Oaks, a beautiful part of Los Angeles that offers good public schools, easy access to freeways and canyons, as well as great parks, shopping, and entertainment.  As a Realtor who works with many families and often times families who are relocating or expanding – I believe Sherman Oaks is a great place to invest! In the $850,000 range you can get over 2,500 square feet,  at least 3 bedrooms, that great big grassy yard, and large kitchen you’ve been dreaming of.  Ventura Boulevard is now filled with tons of trendy coffee shops, restaurants, and stores for kids, clothing, art, and antiques.   It’s just plain simple – Sherman Oaks is upscale and accessible – but it’s also affordable! You get more for your money just over the hill and it’s a great place to raise your family! If you’re looking for a great family house in the area or looking to sell a property you currently own – please feel free to contact us!

Please click the following links for more information on what Sherman Oaks has to offer:

http://www.shermanoakschamber.org/

http://larealproperties.com/communities/

Dixie Canyon Elementary

http://www.shermanoakselementary.com/

http://attractions.uptake.com/california/sherman_oaks/9266957.html

http://www.trekaroo.com/places/sherman-oaks-california/activities

http://www.shermanoaksgalleria.com/

Should you sell in a down market?

Home prices are falling in many places. Is it time to throw in the towel before things get worse?

Q: Is now a good time to sell my house, before it loses more equity, or should I wait until house prices go up again? What’s the best time of year to sell?

A: You didn’t say where you live, so I’m going to hop on my “all real estate is local” soapbox and proffer a broad response. As I’ve already implied, home-selling potential always comes down to the nuances of local markets, specific ZIP codes and even specific blocks.

A great location can trump factors such as unemployment rates, low or high mortgage rates, mortgage access and other variables.

For example, a classic home on a tree-lined block near a prestigious university will always be in demand, despite the economy.

The same goes for a quaint house that overlooks a lake or forest or one with a mountain view.

As for “losing more equity,” odds are good at this point in the cycle that your home has lost most of the value — and equity — it’s going to lose, give or take a few percentage points. But again, that value is only what someone is willing to pay for it, not market averages.

Markets in most parts of the country are closer to turning around than tailing off, with some notable exceptions. So I wouldn’t let the anticipation of further losses force your hand. If you’re resolved to wait for a vigorous run-up in value akin to what we saw in the middle of the previous decade, however, your wait could be long and futile.

Again, don’t mistakenly base your marketing strategy on the health of the overall market. Things such as comparative sales or “comps,” investment potential, mortgage-lending standards and interest rates are important in determining your potential homebuyers. But the product on hand — your specific address — should be the chief focus.

An accomplished agent can help you identify your home’s relative strengths and show you how to emphasize them. But hire carefully.

As for the best time of year to sell your home, the stock response is still spring because that’s when most buyers emerge. This is largely because a spring purchase allows families to plan moves that won’t uproot their kids from their schools in the middle of the term.

Today, “spring” really means “late winter.” If you want to sell next year, have your house on the market and ready for showings by mid- to late February. Many potential buyers are starting searches as early as possible because they also must sell their current home to make the purchase work.

There will be plenty more foreclosures and short sales emerging on the market in the spring, however.

Another option: If you are happy where you’re living and aren’t tanking under a top-heavy mortgage, you could simply choose to sit tight for another year or two for additional clarity. After all, a home is a shelter first and an investment second.

It’s a fine line you must walk.

Please contact us for a free analysis of your home’s worth!

Just Listed! 3455 Scadlock Ln. Sherman Oaks, CA 91403. Fantastic Sherman Oaks Hills House! Great Opportunity to Buy!

OPEN HOUSE SUNDAY 12/19/10 1-4PM!

Updated House in the Sherman Oaks Hills. Lovely home featuring a bright, open floor plan with tons of natural light. Floor to ceiling windows and skylights throughout. Updated Kitchen with granite counter tops, 3 newer bathrooms, 2 extra bedrooms are nicely sized, lots of closet and storage space. Master bedroom is quite large with room for sitting area, tons of closet space, great master bath, and unbelievable views!!! House has been vacant and needs a bit of TLC, but overall this is a great opportunity to buy in this desired neighborhood. Please call listing agent for details/showings. Great schools, close to shopping, entertainment, and restaurants, easy access to the City and The Valley. This is a short sale subject to lender approval.  Asking Price $699,000 – to be approved by lenders.

3455 Scadlock Ln. Sherman Oaks Hills, CA $775,000 Short Sale

 

Lovely Family Home in Sherman Oaks – Offered at $775,000 – this is the price that was previously approved by the lender because this property is being sold as a “short sale”. The location is great, nice well maintained neighborhood, quiet, and serene with views, and also close to all that Ventura Blvd. has to offer. The house itself has a great open floor plan, tons of windows and light, really just one of those homes that has a great vibe! The kitchen and bathrooms have been updated and it just needs a few minor touch-ups to move right in. Please contact me for showings or more information at (310)402-8181.