Modern architectural single family home in Los Feliz

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ADDRESS:  2330 LYRIC AVE , LOS ANGELES 90027

Listing price : 1,099,000

4 Bed +2.5 Bath
Home Size : 3,003 sq ft
Lot Size : 7,034 sq ft
2 Garage
Great view!!

The Lehrer House, Michael Lehrer, FAIA, architect, 1980. Renown architect, Michael Lehrer’s first realized residence rises far above the usual stucco box of its era. Planes shot with apertures slice the space to create a witty sense of procession from the entry bridge, through the house, to the panoramic canyon, city lights and mountain views beyond. Over-scale interior volumes with canted ceilings catch and bounce the light throughout. On the main floor, interlocking partial walls cleverly define the flowing plan of living, dining, kitchen and family room. Balconies and decks let the house live even larger by annexing the outdoors. Hardwood flooring; newer, natural wood tone and stainless Euro-kitchen; fireplace; 4 bedrooms; 2.5 baths; 3,003 square feet on a 7,034 square foot lot, per public records.Impeccably-maintained; sleek; sophisticated and serene. Fourth bedroom/studio is ideal for the work-at-home professional.

Please contact Atsu if you want to see the house ：310-990-9951

Listed by Richard Stanley at Coldwell Banker Los Feliz

Atsuko Kimoto(Atsu)

Residential Listing Agent / HAFA Short Sale Listing Agent Specialist Coldwell Banker Realty

CELL PHONE: 310-990-9951 (Call me 9:00am-10:00pm)

HelpYourRealEstate@gmail.com

www.HelpYourRealEstate.com

https://atsukorealtor.wordpress.com/

I specialize in representing both sellers and buyers in all of the greater Los Angeles Area.

License # 01842262

 

 

Owning vs. Renting …56 Reasons

Rent Advantages

• May be cheaper than a mortgage payment
• Fewer (if any) maintenance costs
• No down payment required (less deposit)
• No real estate taxes (renters insurance optional)
• Less stress (who cares, it’s not yours!)
• Freedom to move or downsize when necessary
• No risk of home price depreciation
• Some utility bills may be included
• “Free” amenities such as pool, gym, security
• Money can be used for other, more profitable investments
• Can’t be foreclosed on

Rent Disadvantages

• Rental payment may exceed monthly cost of mortgage
• No ownership or wealth creation
• Payments never stop when renting
• Rent will rise over time
• Must deal with a landlord or management company
• No tax benefits
• Rules, regulations, and limitations
• More temporary, less stability
• Always at the mercy of the property owner
• Pets may not be allowed

Ownership Advantages

• You can build home equity and wealth
• Status- Status-Status
• Sizable tax deductions possible
• Your space, your rules (pets welcome)
• Ability to remodel, expand, tear down
• Pride of ownership (social status, accomplishment)
• Potentially better for children, family structure
• Mortgage can improve your credit history/score
• Ability to borrow against your home (HELOC or cash-out)
• No more monthly payments once mortgage paid off
• Fixed payments (if you choose a fixed mortgage)
• Mortgages are the cheapest loans available
• No landlord
• Can exclude capital gains when you sell (partially)
• Inflation hedge
• Can rent out to others
• Can sell and use proceeds for bigger/better home
• Retirement nest egg
• It’s the American Dream!

Ownership Disadvantages

• Home prices may lose value
• Could overpay for your property
• Obtaining a mortgage (and finding a home) is a hassle
• Not everyone qualifies for a mortgage
• You must pay taxes and homeowners insurance
• Total housing payment can be more expensive
• Mortgage payment can rise (if an ARM)
• Sizable down payment necessary
• Maintenance costs can be excessive
• Pricey HOA dues (if applicable)
• You’re “stuck” in a home (long-term commitment)
• Increased liability and responsibility
• Transactional costs of buying and selling
• Ownership is stressful!
• Taxes and insurance generally rise
• Your home can be damaged or destroyed (and not fully insured)
• Can be foreclosed on and lose your home

Wrote by Daniel Dobbs from Capital Mtg. Services

 

Please contact Atsu if you are looking for a home! ：310-990-9951

Atsuko Kimoto(Atsu)

Residential Listing Agent / HAFA Short Sale Listing Agent Specialist Coldwell Banker Realty

CELL PHONE: 310-990-9951 (Call me 9:00am-10:00pm)

HelpYourRealEstate@gmail.com

www.HelpYourRealEstate.com

https://atsukorealtor.wordpress.com/

I specialize in representing both sellers and buyers in all of the greater Los Angeles Area.

License # 01842262

 

Why Buy and Sell Now?

People today listen and speak in sound-bites. Learn a few real estate sound bites to open a discussion. Be sure to have details on these points. Check the historical data in your MLS to determine how buyers in the early 90’s built wealth by buying in a depreciating market,for example.

Buyers

• Home prices are still low but improving.
• Interest rates are low.
• A time of distress often turns out to have been a time of opportunity.
• On-going tax benefits to owning a home.
• Fewer buyers are in the market at the holidays (less competition).
• Homeowners in it for the long term almost always come out ahead in building wealth.
• Catch the market when it is low and hold the property until things improve or to build equity.

Sellers
• Homes often show their best when decorated for the holidays.
• Buyers who shop during the holidays are serious buyers.
• Fewer sellers are on the market during the holidays (less competition).
• Some buyers are pulling investments from other sources to invest in real estate now. Investing in soil vs. paper.
• Buyers are always interested in moving up to great neighborhoods, school districts, amenities such as museums, parks, water views, etc. Take advantage of the renewed interest

Call me any time when you are ready to sell or buy a home!!!!

Atsuko Kimoto (Atsu)

Coldwell Banker

310-990-9951

HelpYourRealEstate@gmail.com

 

Mortgage rates hover around all-time lows

Demand for purchase loans near 15-year low

By Inman News
Inman News™

Mortgage rates remained at or near historic lows this week on continued weak economic and housing data, Freddie Mac said in releasing the results of its Primary Mortgage Market Survey.

A separate survey by the Mortgage Bankers Association showed low rates aren’t getting buyers off the fence, with demand for purchase loans remaining near 15-year lows last week.

Freddie Mac’s survey showed rates on 30-year fixed-rate mortgages averaged 4.22 percent with an average 0.7 point for the week ending Sept. 1, unchanged from last week but well below the 2011 high of 5.05 percent seen in February. The average for a 30-year fixed-rate mortgage hit an all-time low, in records dating to 1971, of 4.15 percent during the week ending Aug. 18.

Rates on 15-year fixed-rate mortgages averaged 3.39 percent with an average 0.6 point, down from 3.44 percent last week and a 2011 high of 4.29 percent seen in February. Rates on 15-year fixed-rate mortgages hit a low in records dating to 1991 of 3.36 percent during the week ending Aug. 18.

Rates for 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans averaged 2.96 percent with an average 0.6 point, down from 3.07 percent last week and a 2011 high of 3.92 percent in February. That’s a new low in Freddie Mac records dating to 2005.

For 1-year Treasury-indexed ARMs, Freddie Mac said rates averaged 2.89 percent with an average 0.6 point, down from 2.93 percent last week and a 2011 high of 3.4 percent in February. That’s just a hair above the record low of 2.86 percent for 1-year Treasury-indexed ARMs set during the week of Aug. 18.

“Weaker economic data reports eased upward pressure on mortgage rates this week and kept them at or near all-time record lows,” said Freddie Mac Chief Economist Frank Nothaft in a statement.

“The economy grew at a slower rate of 1 percent in the second quarter than was originally reported due to a smaller increase in inventories and fewer exports. In addition, consumer confidence in August fell to the lowest reading since April 2009, according to The Conference Board.”

Looking back a week, the MBA’s Weekly Mortgage Applications Survey for the week ending Aug. 26 showed demand for purchase loans was up a seasonally adjusted 0.9 percent from the week before, but was down 8.2 percent from the same time a year ago.

Requests to refinance were down 10 percent from the week before, but still accounted for 77.8 percent of all applications. The percentage of borrowers seeking ARM loans jumped to 7.1 percent, up from 6.2 percent the week before.

In an Aug. 19 forecast, MBA economists said they expect rates on 30-year fixed-rate mortgages to rise to an average of 4.6 percent during the final three months of this year, and continue a gradual rise next year to an average of 5.2 percent during the fourth quarter of 2012.

Atsuko (ATSU)
Keller Williams Los Feliz
310-990-9951
www.HelpYourRealEstate.com

https://atsukorealtor.wordpress.com/

Please feel free to contact me when you are interested in buying or selling a property.
I specialize in the areas of Los Feliz, Silverlake, Echo Park, DownTown, San Marino, Pasadena, Tarzana, Reseda, Van Nuys, Glendale, Burbank, Eagle Rock, Alhambra, Pasadena, Monterey Park, Mt Washington, Highland Park, Torrance, Sherman Oaks, Studio City and                             all of the greater Los Angele Area. Free Consultation!!

 

Important Changes from the FHA

Author: Prospect Mortgage-Loan officer Heather Carter

Important Changes from the FHA

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FHA Annual Mortgage Insurance Premium to Increase

If your clients are still on the fence about buying a home, you should let them know that the Federal Housing Administration (FHA) is increasing mortgage insurance premiums on FHA home loans as of April 18, 2011. This deadline applies to the FHA case assignment date.

This increase could cost your buyers more money each month for their total monthly mortgage payment. What can your buyers do? If they are close to contract, advise them to buy now before the new mortgage insurance premium takes effect. They must have an active loan application for the subject property prior to April 18, 2011.

HUD Temporary Flipping Waiver Extended

In an effort to expand access to FHA mortgages and allow for the rapid resale of foreclosed properties, HUD announced a temporary waiver of the 90-day flipping restriction until December 31, 2011.

The waiver is subject to certain conditions, and eligible mortgages must meet these conditions to take advantage of the waiver. The complete text of the waiver extension, including conditions the waiver is limited to, is available on the HUD website.

Atsuko Kimoto(ATSU)

Keller Williams Los Feliz

310-990-9951
License # 01842262
helpyourrealestate@gmail.com
www.helpyourrealestate.com
https://atsukorealtor.wordpress.com/

Please feel free to contact me when you are interested in buying or selling a property.          I specailize in the areas of Los Feliz, Silverlake, Echo Park, DownTown, Pasadena, Tarzana, Reseda, Van Nuys, Glendale, Burbank, Eagle Rock, Alhambra, Pasadena, Monterey Park, Mt Washington, Highland Park, Torrance, Sherman Oaks, Studio City and all of the greater Los Angele Area. Free Consultaion!!

 

For Sale~SilverLake~Sunset Junction~ $249,000!!!!!~Fixer Home~

2Bed and 1Bath with 1 parking space Fixer opportunity in the heart of Sunset Junction, Silver Lake’s most vibrant neighborhood. Enjoy some of LA’s best coffee at nearby Intelligentsia, satisfy your sweet tooth with some delicious gelato from Pazzo Gelato, or brush up on your musical skills at the Silver Lake Conservatory—all are a stone’s throw away. Use your imagination to re-invent this home. Spacious, open, and bright living area. Easy maintenance yard will leave you plenty of time to enjoy all that Silver Lake has to offer. Atsuko Kimoto Keller Williams Realty Los Feliz 310-990-9951 License # 01842262 Kfudousan@gmail.com www.kfudousan.com Please feel free to contact me when you are interested in buying or selling a property. I specialize in the areas of Los Feliz, Silverlake, Echo Park, DownTown, Pasadena, Tarzana, Reseda, Van Nuys, Glendale, Burbank, Eagle Rock, Alhambra, Pasadena, Monterey Park, Mt Washington, Highland Park, Torrance, Sherman Oaks, Studio City and all of the greater Los Angele Area. Free consultation!!