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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Year-over year US home prices up sharply in November

U.S.  home prices in November extended their steady recovery from the housing bust,  rising 7.4 percent compared with a year ago. It was the biggest year-over-year  increase in 6½ years.

CoreLogic,  a private data provider, said Tuesday that prices also rose 0.3 percent in  November from October. The month-to-month figures are not seasonally adjusted.  CoreLogic compiles its indexes by tracking sales of the same homes over time,  using data on sales in all 50 states.

The  gains in home prices have been widespread across most of the country. And  CoreLogic forecasts that prices will increase 6 percent this year.

Prices  in November were higher than in November 2011 in all but six states. And only 13  of 100 large cities that CoreLogic studies reported year-over-year price  declines. That was down from 20 cities in October.

The  sharpest increases were in Arizona, Nevada and Idaho. North Dakota and  California rounded out the top five.

Steady  price increases are helping fuel the housing recovery. They’re encouraging some  people to sell homes and enticing would-be buyers to purchase homes before they  get more expensive. Rising prices also reduce the number of homeowners who owe  more on their mortgages than their homes are worth.

“All  signals currently point to a progressive stabilization of the housing market and  the positive trend in home price appreciation to continue into 2013,” said Anand  Nallathambi, CEO of CoreLogic.

Despite  the gains, home prices nationwide are still nearly 27 percent lower than in  April 2006, when prices peaked during the housing bubble.

Some  of the biggest gains have been in states that were hurt the worst. Prices in one  of them, Arizona, have jumped nearly 21 percent in the past year, the most of  any state. But prices in that state are still nearly 40 percent below  their peak.

And  prices in Nevada have risen 14.2 percent in the past year but remain 53 percent  below peak levels.

The  states where prices continue to fall include Delaware, where they are 4.9  percent below a year ago, and Illinois, down 2.2 percent. Connecticut, New  Jersey, Rhode Island and Pennsylvania are also reporting declines.

Prices  rose 24 percent in Phoenix in the past 12 months, the most of any large metro  area. Riverside-San Bernardino, Calif. was next with a 9.7 percent rise. It was  followed by Los Angeles, where prices rose 8.4 percent.

Source: Sfgate.com

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/

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.

Have you considered a short selling your home? MANY Homeowners Have!

Let me just start off by saying that I am a real estate agent who works with clients all over Greater Los Angeles and lately I have spent a lot of time looking for deals for my clients in Santa Monica, Sherman Oaks, Studio City, West Hollywood, and Silver lake to name a few. My clients have real budgets and realistic goals…and what do I see almost 75% of the time when looking for properties…SHORT SALES!!! Short sales have become the norm! I remember two years ago when most agents and even buyers did not want to go near a short sale, it was almost taboo to buy one, let alone consider selling your home as a short sale! Short Sales in Los Angeles are all over the place and it makes perfect sense considering many, many people either re-financed, bought properties with interest only loans, or bought at the height of the market and have NO equity in their property. Short Sales are a great way to buy a property at a “good deal” because the sellers are realistic and just want to move on from the situation, the lender (in most cases) takes fair market value for the property, and most of the time these properties are distressed and might need a little work, which is great for a savvy buyer! I myself have sold many short sales and helped my clients buy short sales as well, and I’ve also overseen hundreds of short sales in my experience while previously working for a real estate firm that specialized only in short sales a couple years back. Having been on both sides of the table in a short sale…I understand how it works and how to make it hassle-free! That’s right, Short sales CAN be hassle free. I’d like to share a few tips here in regards to buying a property that is a short sale and in short selling your home should you find yourself affected by today’s market and economy.

Short Selling Your Home in Los Angeles:
1)You MUST work with an agent who understands short sales! I cannot stress this enough…someone who has dealt with a few short sales will make it so much easier for you! A short sale in Los Angeles can be stressful, it may make you reconsider the whole idea completely…but if you have an agent who communicates with you and understands the process then it really becomes THAT much easier for everyone!
2)Once you have signed a contract with an agent, make sure the agent is marketing the property…properly and aggressively. The property needs to be disclosed as a short sale, it needs to be priced according to the market, and you need to go over comparable properties with your Realtor to decide the best price. The lenders are there to work with you, and in my experience if you bring them a reasonable offer, they WILL work with you! That brings me to my next point…OFFERS!
3)It is imperative to get a strong buyer, someone who puts a reasonable offer in, someone who has the proper financing, and someone who understands that they may have to wait 3, 4, 5, or 6 months for an answer. A patient, qualified buyer is what you need for a short sale to be successful in Los Angeles.
4)Once your agent has an offer on the property and you have accepted this offer as the seller, it must be sent over to the lender with updated financial information, comparable properties to strengthen your case, and any other information is requested by the lender. Providing the lender with updated information in a timely manner is crucial.
5)Make sure your agent is in contact with the lender, the buyer’s agent, and the buyer, as well as you, the seller. Everyone needs to be communicate in a short sale situation. Every single client with whom I have had open, clear communication has felt that much more comfortable! Please make sure that the lines of communication are open…this is the key to a successful short sale!
6)Once the offer is submitted to your lender along with any other information they have requested, its important to be patient and continue to market for backup offers. A deal is not a “done deal” until escrow is closed, therefore having backup buyers is very important.
7)Once you receive short sale approval…everyone can breathe a sigh of relief. This is the home stretch! Make sure your agent is working with the buyer’s agent to ensure that all inspections are being done within the contingency period, that the financing is moving forward (if financing is necessary) and that everyone is on board, communicating to close this deal! Getting an extension is not always easy, therefore everyone involved needs to be mindful of the following crucial deadlines:
-Contingency removal for inspection, loan, and appraisal
-Close Date

On the other hand, there are many buyers very interested in taking advantage of today’s market and are looking to purchase a short sale, here is my advice for them:

Buying a Short Sale in Los Angeles:
1)Be open minded…the property may need work, it’s not going to be “staged”, it may even be dirty and empty..but remember to look past the small things and focus on the fact that you are getting a great deal.
2) Submit a reasonable offer and remember that the property is being sold “AS IS” and that no repairs will be made
3) Be patient, the lender may take months to respond to your offer, that doesn’t meant you won’t have the opportunity to purchase this property…it just takes time!
4) Be prepared for approval..once you have written short sale approval the clock starts ticking. You need to be ready to have a general inspection completed, to move forward with your financing, and to make arrangements to move.

Many people have been affected by today’s real estate market..but the it’s important to understand that you have options.

Please feel free to contact me today for further information or if you have any questions.

Julie@crescentrealtyla.com
http://www.lapropertiesbyjulie.com

http://www.linkedin.com/in/juliekryukova

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.