Pasadena Real Estate

Monterey Hills Real Estate Update

It's time to take a look at The Hill - Monterey Hills!  Inventory, unfortunately, is still extremely low.  Let's take a look at the chart below from Trendgraphix documenting the real estate data from Pasadena Foothill Association of Realtors.

It's interesting to note that unit volume went down 56.7% from April of 2007 to April of 2010, from 69 units to only 30 available Monterey Hills properties for sale.

Only a few listings are coming on the market each months and very few sales are closing.

Additional Monterey Hills statistics to consider:

Looking backwards... if you bought a Monterey Hills condo 10 years ago and held on to the property, what kind of returns would you expect to see? Let's take a look below:

Not bad... a nice return of close to 150%.

Here's a look of Monterey Hills homes available for sale now:

And, if you're interested in seeing all the details of these condos and townhomes, please bookmark Monterey Hills condos and townhomes for sale post which is updated every few hours with the most current real estate listing information.

For more information on specific complexes, read more below:

Austin Terrace

Bradley Court - PUDs

Huntington Terrace

Fremont Villas

Linden Heights

Vallejo Villas

PasadenaViews Real Estate Team

Monterey Hills Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

Irina at PasadenaViews.com

(626)629-VIEW (8439)

Langham Hotel, previously known as the Pasadena Ritz Carlton, is surrounded by some of the most beautiful luxurious estates in Pasadena and San Marino.  So, if you are curious to see what's available in the Langham Huntington Hotel Neighborhood, let's take a look at a couple of homes I previewed today.

1535 Kenmore Road, Pasadena

My personal favorite of the tour.  This 4 bedroom, 3 bath home is right around the corner, on a cul-de-sac, with a tranquil and peaceful back yard. 

Per Listing Agent:  An entry is a journey, & architect Miller Fong has employed harmony, flow & spatial dynamics to guide us into his own stylish contemporary world. This striking residence is open & livable w/ a flexible floor plan, walls of glass & remarkable vistas. On entering, a serpentine wall leads past a spacious den w/ fireplace towards the great room w/ generous seating area, fireplace, dining space & fantastic kitchen w/ newer stainless appliances. The materials are exciting: a mosaic tile backsplash is juxtaposed against a polished, stained concrete floor; marble counters are a foil for sponged walls; & natural skylights contrast w/ European, low voltage cable strung lighting. A convenient guest bath & laundry are adjacent. The master suite offers a grand picture window, a spectacular bath w/ Jacuzzi tub & wall-less garden shower & a dream dressing room that shares the entry's dramatic serpentine wall. 3 additional bedrooms, a handsome bath & extensive patio space complete this exquisite home.

Listed with Tink Cheney, Coldwell Banker

830 Huntington Garden Drive, Pasadena California

This home is right behind the Langham on the magical Huntington Garden Drive.

Per Listing Agent A traditional Cape Cod near the Langham Hotel on a quiet street. The lovely kitchen is updated with granite counters and newer appliances. A large bedroom suite is on the same floor level with the living room, the dining room, & kitchen. The living room is special living space with an elegant fireplace, and views over the pool. The family room is downstairs with bathroom, and 3 bedrooms with access to pool area and gardens. There is a stone patio, a wood deck and grassy area with a beautiful pool. The bathrooms are marble with granite counters hardwoods and limestone floors.

Listed with Monica Wilson (w/ Janet Fitzgerald), Coldwell Banker

445 Buena Vista Street, San Marino California

Close enough to the Langham, but just a few blocks away from San Marino's Mission District and infamous Julienne's Restaurant.  The best of both worlds!  In conversation with the listing agent, this property is not expected to be available for longer than a week or so.  Multiple offers expected.

Per Listing Agent: FABULOUS MONTEREY COLONIAL HOME IN THE POPULAR MISSION DISTRICT. A WONDERFUL NEIGHBORHO0D NEAR PASADENA & SOUTH PASADENA,PLUS EASY ACCESS TO THE 110 FREEWAY.Y0U WILL LOVE THIS LOCATION. DON'T MISS THIS LOVELY SPACIOUS, REMODELED HOME; IT'S A TRUE GEM. GREAT 3RD FLOOR LOWER LEVEL WITH A FIREPLACE, 2 WINDOWS, BUILT-IN CUPBOARDS, AND NEWER CARPET.A PERFECT AREA FOR A MEDIA ROOM OR RECREATIONAL AREA.

Listed with Linda O'Neal, Dilbeck Realtors

1335 Saint Albans Road San Marino

This home is also in San Marino known for its #1 rated California Public Schools.  It is almost across the street from Lacy Park with its rose garden and tennis courts.  If you're looking for a Mid-Century this luxury property might be for you.

Per Listing Agent - A spacious one story mid century home situated on over 1/2 acre (25,200 sq.ft.) in one of the most desirable San Marino locations, adjacent to Lacy Park and the Huntington Library. Enter this beautiful home through Chinese fret work entrance. This home features 4bed, 3ba., powder room, large living room with raised marble fireplace, formal dining room, kitchen with breakfast area, charming wood paneled family room with built in book shelves, corner fireplace and wet bar, a grand sized multipurpose garden room overlooking and opening out to rear patio gardens and pool. The exquisite professionally landscaped front and rear gardens featuring oversized resort style pool, specimen trees: palms, bamboo, foliage plantings and ferns, rear patio, private rear deck, two 2-car detached garages, all add to and extend the livability of the San Marino residence.

Listed with Linda Chang (w/ Brent Chang), Coldwell Banker

Listing information for properties above is deemed reliable but not guaranteed. Read full disclaimer.

Take a look at some of the other San Marino homes for sale below:

For specific details of the home above, please visit San Marino Luxury Homes For Sale.

IRINA NETCHAEV & ASSOCIATES

PasadenaViews Real Estate Team

445 South Fair Oaks Avenue

Pasadena, CA 91105

Irina at PasadenaViews.com

(626)629-VIEW (8439)

Arcadia home buyers that qualify for the home tax credit have only a few more days to enter into a purchase contract with a seller.  Unless, of course, they are looking for new construction homes to try to get their share of the California Home Tax Credit.

Below is a list of our Dusty Deals™ in Arcadia.  Dusty deals™ are homes that have been listed on the market for over 3 months and are regular home sales, not foreclosures (REOs) or short sales.  The reason we call them Dusty Deals^TM is most home sellers are ready to "deal" and "wheel" and sometimes, we're able to negotiate a much better price with a regular sale vs. a short sale or even a foreclosure.  So... without further delay, here's our Arcadia's dusty deals™ list:

Dusty Deals™ in Arcadia California:

So, whether you are looking to find a property in the next few days or are looking for just that right Arcadia home for sale, use the resources available on this real estate site to search for your next house, condo or townhome. As always, we are here to answer your questions and provide you with guidance.

Here's a list of homes that are currently on the market in Arcadia:

To see all Arcadia home details, please visit Arcadia homes for sale which is updated every few hours and search like a real estate agent.

PasadenaViews Real Estate Team

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

Irina at PasadenaViews.com

(626)629-VIEW (8439)

The heat is on for those who are out shopping for Pasadena homes right now - as the Homebuyers Tax Credit is about to come to an end.

Last November, the government expanded and extended the new Homebuyers Tax Credit. According to the program, first-time homebuyers are eligible for a tax credit of up to 10% of the purchase price of the home, with a maximum credit of $8,000. And current homeowners are eligible for up to $6,500.

Although military personnel may qualify for a special extension, the vast majority of homeowners must have contracts in effect no later than April 30, 2010 and must close no later than June 30, 2010 to qualify for the credit.

This means that homebuyers now have less than one week to get their paperwork going to qualify for this credit, before it goes away!

Here are some important details about this tax credit.

Dollar-for-Dollar Benefit

The benefit of a tax credit is that it's a dollar-for-dollar benefit, rather than a "tax deduction" or reduction in tax liability that would only reduce $1,000 to $1,500 when all was said and done.

So, if a first-time homebuyer who qualified for the entire benefit were to owe $8,000 in income taxes and would qualify for a tax credit of $8,000, she would owe nothing.

Even Better... It's Refundable!

Remember, because it's a tax credit, it's refundable! That means a homebuyer can receive a check for the credit if he or she has little or no income tax liability.

For example, if a first-time homebuyer is eligible for a tax credit of $8,000 but is liable for $4,000 in income tax, she can still receive a check for the remaining $4,000!

What are the Income Caps?

Single tax filers with incomes up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers with incomes of $145,000 and above are ineligible.

Joint filers with incomes up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers with incomes of $245,000 and above are ineligible.

What's the Maximum Purchase Price?

Qualifying buyers may purchase a property with a maximum sales price of $800,000.

READ MORE:  Pasadena's Real Estate Market Activity:  Back to Basics

Pasadena Real Estate Guide

Read 5 home buyer tips for getting more home for your $.

9 Stupid Things Buyers do to Mess Up their Home Purchase

Multiple Offers on Pasadena Homes?

If you or someone you know is in the process of purchasing a home, this is an important week to take action - feel free to forward this article to anyone who it might benefit. And give me a call at 626-629-8439 with any questions - the clock is ticking and the deadline is Friday!!

PasadenaViews Real Estate Team

Pasadena Real Estate Agents

Pasadena Dusty Deals!

We have been a bit behind in posting our Dusty Deals™ lists for Pasadena and surrounding areas.  So... over the next few days, we'll be posting these condos and homes for your review.

A quick reminder of what a Dusty Deal™ is.  It's a home or condo that has been listed for sale on the real estate market for over 3 months.  The reason we call them Dusty Deals™ is most home sellers are ready to "deal" and "wheel" and sometimes, we're able to negotiate a much better price with a regular sale vs. a short sale or even a foreclosure.  So... without further delay, here's our Pasadena's dusty deals list:

South Pasadena Condos for Sale under $500,000 - Dusty Deals

South Pasadena Condos for Sale from $500,000 to $1,000,0000 - Dusty Deals

Interested in seeing all condos available for sale in Pasadena? Take a look below...

Pasadena California Condos for Sale:

For all the details on the Pasadena condos above, please click on the Pasadena condo and townhome search here. These real estate listings are updated every two hours so you can now search for your next home at a click of a button.

Give us a call or email us for more information or help.

READ MORE:

Pasadena Real Estate statistics for February 2010

PasadenaViews Real Estate Team

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

Irina at PasadenaViews.com

(626)629-VIEW (8439)