Just Sold 1408 Avenida Tranquila for $725,000. It had been on the market for 6 months with another agent with no successful sale. Beach Cities Luxury Homes marketed & sold the property in just 2 weeks.
Showing posts with label CA. Show all posts
Showing posts with label CA. Show all posts
Thursday, August 13, 2009
Tuesday, June 9, 2009
Beach Road - Newly Launched Website Showcasing Beach Road in Dana Point, California - www.BeachRoad.com
www.BeachRoad.com showcases the luxury properties for sale as well as offer vacation rental assistance for homes in the gated community on Beach Road in Dana Point, Ca. If you are looking to find a great residence on the sand, Beach Road is the perfect spot in South Orange County, California.Tuesday, March 24, 2009
Just Listed: Two New Short Sale Listings: 14 Lansdale & 6521 Alexandria
6521 Alexandria - Huntington Beach, CA - $465,000
14 Lansdale, Ladera Ranch, Ca - $350,000We have just listed two new short sales in Orange County. 14 Lansdale In Ladera Ranch listed for $350,000 & 6521 Alexandria in Huntington Beach listed for $465,000. Please visit http://www.bclh.com/ or email sam@bclh.com for more information.
Thursday, January 15, 2009
Just Listed: 24772 Anchor Lantern, Dana Point,CA - $1,499,000 - Lantern Bay Estates
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We haven't seen prices this low in Lantern Bay Estates in a long time!!! This is a neighborhood where homes sell around the $4 million dollar range. This is a potential short sale so hurry on this one! Here is a brief description of the property: Located In The Most Exclusive & Desirable Locations In Dana Point; Lantern Bay Estates - A Beach Bluff Gated Community Near The Dana Point Harbor & Doheny Surf Beach. This French Normandy Estate Has The Feeling of 1920's Historical Home With All The Modern Amenities. Exquisite Architectural Detail with Hardwood & Slate Flooring, Hand Painted Walls & A Barreled Brick Ceiling. The Living Room Is A Favorite With Floor to Ceiling Stone Fireplace, Hardwood Flooring & Italianate Light Fixtures. A Gourmet Kitchen with Black Granite Countertops, Stainless Steel Appliances, with a Viking Stove-Top and Built-In Refrigerator. The Kitchen Opens To A Circular Breakfast Nook & Large Family Room. The Family Room Features Built-In Cabinetry & A Charming Brick Fireplace And Opens To The Formal Dining Room. A Fabulous Game Room With Brick Covered Ceiling & A Den Complete The First Floor. Upstairs Features A Master Suite With Built-In Entertainment Center & Tumbled Stone Master Bath. A Private Backyard with An Incredible Black-Bottom Pool with waterfalls. Separate Sitting Area with A Charming Fireplace For Those Cozy Gatherings. Lantern Bay Estates Is A Great Location Where You Can Walk To Great Restaurants & Quaint Shopping & Enjoy The Dana Point Harbor and the Beach!
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Please contact Sam Smith at Beach Cities Luxury Homes at 949-291-0424 and visit http://www.bclh.com/ Saturday, December 13, 2008
Just Listed: 169 Avenida Junipero, San Clemente, CA - $1,299,000
Just Listed in the Highly Desirable Southwest San Clemete Area! Here is a brief description from the listing agent:
"HUGE PARK-LIKE BACKYARD! WALK TO BEACH! OCEAN VIEWS! UNIQUELY REMODELED! ROOFTOP DECK! Words Cannot Describe This Fabulous Home That Has Been Remodeled And Improved. The Owner/Architect Took A Small 800sq.ft. House And Created A 2300sq.ft. Masterpiece. Travertine Floors, Distressed Hardwood, Onyx Backsplash, Glass Pebble Tubs, Roof Top Deck, Artist Studio At Back Of Property...The List Goes On. Before You Buy...Be Sure To See This Property. Don't Miss The Cute Artist Studio At The End Of The Property Next To The Little Stream And Bench. The Lower Level Is Separate From The House And Is Plumbed For A Bathroom. Currently, It's A Game Room...But Could Be A Third Room. The Master Suite Has Ocean Views And Is Perched Within Huge Trees And Palms. The Picture Windows Create A Feeling Of Living In The Tropics. Climb The Staircase To The Rooftop Deck And Watch The Sun Set Behind Catalina Island. The Seller Is Motivated And Will Look At All Offers." Please Contact Sherry Bauer at Beach Cities Luxury Homes at 949-212-8911 for more info on this home!
"HUGE PARK-LIKE BACKYARD! WALK TO BEACH! OCEAN VIEWS! UNIQUELY REMODELED! ROOFTOP DECK! Words Cannot Describe This Fabulous Home That Has Been Remodeled And Improved. The Owner/Architect Took A Small 800sq.ft. House And Created A 2300sq.ft. Masterpiece. Travertine Floors, Distressed Hardwood, Onyx Backsplash, Glass Pebble Tubs, Roof Top Deck, Artist Studio At Back Of Property...The List Goes On. Before You Buy...Be Sure To See This Property. Don't Miss The Cute Artist Studio At The End Of The Property Next To The Little Stream And Bench. The Lower Level Is Separate From The House And Is Plumbed For A Bathroom. Currently, It's A Game Room...But Could Be A Third Room. The Master Suite Has Ocean Views And Is Perched Within Huge Trees And Palms. The Picture Windows Create A Feeling Of Living In The Tropics. Climb The Staircase To The Rooftop Deck And Watch The Sun Set Behind Catalina Island. The Seller Is Motivated And Will Look At All Offers." Please Contact Sherry Bauer at Beach Cities Luxury Homes at 949-212-8911 for more info on this home!
Wednesday, November 26, 2008
Just Listed: 221 W Avenida Cordoba, San Clemente, CA - $1,149,000
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Just Listed: Large Two Story Home Just Steps Down To The Beach. Aspen Style Inspired Home with Seperate Guest House In The Back Ideal For Mother-In-Law Quarters. Property Features Large Open Wood Beam Ceilings With Peek Ocean Views from Upstairs Front Deck. The Property Is Completely Fenced In For Dogs & Children To Play. This Is One Of The Best Streets In Southwest San Clemente with Stunning Views Of The Ocean As You Come Down The Street. The Majority of Homes on This Street Are Large Two Story Custom Beach Homes With Great Curb Appeal. No Homeowners Fees & Ocean Side of PCH! See the posting at the Wall Street Journal's Real Estate Section and LuxuryRealEstate.com featured home.
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Tuesday, August 5, 2008
Housing Bill Passes: What this means to you.
The president has officially signed into law the Housing and Economic Recovery Act of 2008, also known as H.R. 3221. H.R. 3221, perhaps the most significant piece of housing related legislation we have seen in recent years, implements necessary consumer protections while promoting stabilization of the current market and industry through reforms to the Government Sponsored Enterprises (GSE’s), Fannie Mae and Freddie Mac, and the Federal Housing Administration (FHA) program.
This bill is very long, 789 pages to be exact, and covers several issues. I have outlined what I think are the main points of the bill that I believe will directly affect us most.
First Time Homebuyer Credit
Allows first time homebuyers of a principal residence to receive a tax credit of 10% of the purchase price, up to $7,500. A first time homebuyer is classified as someone who has not owned a home in the last 3 years. This applies to home purchases made between 4/9/08 and 6/30/09. The tax credit is given to the homebuyer as a check and is repaid over 15 years at $500 per year. A single tax filer with income up to $75,000 will qualify for this tax credit. The tax credit will phase out as a single filer at $95,000 a year income. A joint tax filer with income up to $150,000 will qualify for this tax credit. The tax credit will phase out as a joint filer at $170,000 a year income. If the home is sold before the tax credit is paid back, the homeowner may or may not have to payback the full tax credit. If the homeowner sells the home at a loss, the remaining amount owed on the tax credit is forgiven. If the home is sold at a profit and the profit is less then the remaining amount owed on the tax credit, the tax credit is forgiven. If the homeowner dies, the remaining amount owed on the tax credit is forgiven.
New Agency Conforming Loan Limits
The current agency conforming loan limits maximize at $729,750 depending on the area where the property is located. The current limit is due to expire on 12/31/08. As of 1/1/09 the new maximum conforming loan limits for high cost areas will be adjusted to a cap of 150% of the current GSE loan limit of $417,000 for one unit properties or $625,500. Areas not regarded as high cost, the limits will be set to 115% of the local area median home price or $417,000 for a mortgage secured by a single family residence, $533,850 for a 2 family residence, $645,300 for a 3 family residence, and $801,950 for a 4 family residence.
FHA Modernization
Seller funded down payment assistance programs will be eliminated as of 10/1/08. Minimum cash required from the buyer is increasing from 3% to 3.5%. Up front mortgage insurance premium is increasing to 3% as of 10/1/08.
Hope for Homeowners Plan – FHA Rescue
The purpose of this plan is to ensure that loans are made available to distressed homeowners who could benefit from a refinance in order to be able to stay in their home. It allows owner occupant homeowners to avoid foreclosure by reducing their principal outstanding balance and their current interest rate. Participation in this program is voluntary.
The main requirements under this plan are:
· It must be your principal residence
· Borrowers mortgage debt to income ratio (including all existing mortgages) as of March 1, 2008 must be 31% or higher
· LTV is limited to 90%
· Existing lien holders must waive any prepayment penalties and fees
· Existing lien holders must agree to accept the proceeds as payment in full of all indebtedness and release of all liens
· Minimum 30 year term loan must be secured
· Maximum loan amount allowed under this program cannot exceed $550,400 (may be different for high cost areas)
· No second liens allowed for 5 years
· CLTV can not exceed 95%
· The loan must be underwritten with full income documentation
· Equity appreciation will be shared on a graduated scale with the lender
Sale or refinance within year 1 entitles HUD to 100% of the equity appreciation
Sale or refinance more than 1 year and less then 2 years entitles HUD to 90% of the equity appreciation
Sale or refinance more than 2 years and less then 3 years entitles HUD to 80% of the equity appreciation
Sale or refinance more than 3 years and less then 4 years entitles HUD to 70% of the equity appreciation
Sale or refinance more than 4 years and less then 5 years entitles HUD to 60% of the equity appreciation
Sale or refinance within year 5 entities HUD to 50% of the equity appreciation
The most noticeable changes in the bill are with FHA. Begininning October 1st, 2008, the down payment increases from 3% to 3.5%. In addition, as predicted, FHA will no longer allw the down payment assistance programs like Nehemia. Any loan in process must have full credit approval by FHA on September 30th. The last big change is the mortgage insurance will no longer be "one rate fits all". It will now be driven by credit scores and loan to value. The overall rate will go down making for less payment to the borrower.
The second biggest change is on December 31st, 2008, the temporary high balance of $729,000 will end. Under the new housing bill it will be reduced to $625,500 for both FHA and FNMA and FHLMC. It would have become $417,000 again if not for this bill. These balances apply to Orange County, California as well.
This bill is very long, 789 pages to be exact, and covers several issues. I have outlined what I think are the main points of the bill that I believe will directly affect us most.
First Time Homebuyer Credit
Allows first time homebuyers of a principal residence to receive a tax credit of 10% of the purchase price, up to $7,500. A first time homebuyer is classified as someone who has not owned a home in the last 3 years. This applies to home purchases made between 4/9/08 and 6/30/09. The tax credit is given to the homebuyer as a check and is repaid over 15 years at $500 per year. A single tax filer with income up to $75,000 will qualify for this tax credit. The tax credit will phase out as a single filer at $95,000 a year income. A joint tax filer with income up to $150,000 will qualify for this tax credit. The tax credit will phase out as a joint filer at $170,000 a year income. If the home is sold before the tax credit is paid back, the homeowner may or may not have to payback the full tax credit. If the homeowner sells the home at a loss, the remaining amount owed on the tax credit is forgiven. If the home is sold at a profit and the profit is less then the remaining amount owed on the tax credit, the tax credit is forgiven. If the homeowner dies, the remaining amount owed on the tax credit is forgiven.
New Agency Conforming Loan Limits
The current agency conforming loan limits maximize at $729,750 depending on the area where the property is located. The current limit is due to expire on 12/31/08. As of 1/1/09 the new maximum conforming loan limits for high cost areas will be adjusted to a cap of 150% of the current GSE loan limit of $417,000 for one unit properties or $625,500. Areas not regarded as high cost, the limits will be set to 115% of the local area median home price or $417,000 for a mortgage secured by a single family residence, $533,850 for a 2 family residence, $645,300 for a 3 family residence, and $801,950 for a 4 family residence.
FHA Modernization
Seller funded down payment assistance programs will be eliminated as of 10/1/08. Minimum cash required from the buyer is increasing from 3% to 3.5%. Up front mortgage insurance premium is increasing to 3% as of 10/1/08.
Hope for Homeowners Plan – FHA Rescue
The purpose of this plan is to ensure that loans are made available to distressed homeowners who could benefit from a refinance in order to be able to stay in their home. It allows owner occupant homeowners to avoid foreclosure by reducing their principal outstanding balance and their current interest rate. Participation in this program is voluntary.
The main requirements under this plan are:
· It must be your principal residence
· Borrowers mortgage debt to income ratio (including all existing mortgages) as of March 1, 2008 must be 31% or higher
· LTV is limited to 90%
· Existing lien holders must waive any prepayment penalties and fees
· Existing lien holders must agree to accept the proceeds as payment in full of all indebtedness and release of all liens
· Minimum 30 year term loan must be secured
· Maximum loan amount allowed under this program cannot exceed $550,400 (may be different for high cost areas)
· No second liens allowed for 5 years
· CLTV can not exceed 95%
· The loan must be underwritten with full income documentation
· Equity appreciation will be shared on a graduated scale with the lender
Sale or refinance within year 1 entitles HUD to 100% of the equity appreciation
Sale or refinance more than 1 year and less then 2 years entitles HUD to 90% of the equity appreciation
Sale or refinance more than 2 years and less then 3 years entitles HUD to 80% of the equity appreciation
Sale or refinance more than 3 years and less then 4 years entitles HUD to 70% of the equity appreciation
Sale or refinance more than 4 years and less then 5 years entitles HUD to 60% of the equity appreciation
Sale or refinance within year 5 entities HUD to 50% of the equity appreciation
The most noticeable changes in the bill are with FHA. Begininning October 1st, 2008, the down payment increases from 3% to 3.5%. In addition, as predicted, FHA will no longer allw the down payment assistance programs like Nehemia. Any loan in process must have full credit approval by FHA on September 30th. The last big change is the mortgage insurance will no longer be "one rate fits all". It will now be driven by credit scores and loan to value. The overall rate will go down making for less payment to the borrower.
The second biggest change is on December 31st, 2008, the temporary high balance of $729,000 will end. Under the new housing bill it will be reduced to $625,500 for both FHA and FNMA and FHLMC. It would have become $417,000 again if not for this bill. These balances apply to Orange County, California as well.
Monday, July 28, 2008
Magnifcant 6,000 Square Foot Waterfront Home with Boat Dock - Weekly Rental - 16989 Edgewater, Huntington Beach, CA
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Luxurious Weekly Rental. This Custom French Estate in Huntington Harbor accomodates 18 people with a 60' foot boat with strking views of the water & ocean. Expanisve floorplan with dramatic entry way with 45 foot ceilings. Renting this property will be the most unforgetable vacation you will ever have. Water & Sunset View from the Living, Dining, Kitchen, Master Bedroom & Bath, 2nd Family Room & Patio and a Huge Rooftop Deck with Expansive Views of the Ocean and Perfect for Entertaining. The master bedroom suite opens up to a balcony looking directly out at beautiful Huntington Harbor. Private Elevator with access to all 3 levels & private front & back balconies. The most impressive room in this home is the waterfront great room. It combines towering ceilings, with a huge bar, fireplace, pool table, family room, and dining room. The great room area alone is 2000+ square feet. The couches can be moved in this room to create a perfect area for a dance floor if you have a special event.$7,000/week and $350 cleaning fee. Call Sam Smith for available dates. House sleeps 18 people comfortably.
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