Feb 22, 2012 | Post by: av No Comments

The “Tree House” on Woodrow Wilson Dr in Hollywood Hills

8010 Woodrow Wilson Dr , Los Angeles, CA 90046
MLS#: 12-582099 | 2bd, 2ba | 1,861 Sq ft (per Public Records)
Offered at $2,595,000

Back on the market is this gorgeous mid-century on Woodrow Wilson Dr also referred to as “The Tree House”. The home was formerly owned by Ellen DeGeneres’s and later by Heath Ledger. Ledger purchased the house in August 2005 for $2.3M through his Thank You Trust from Ellen DeGeneres’ Zero Trust (which had purchased the house back in February 2004 for $1.275M, according to public records). The house had formed part of what had been at one time DeGeneres’ multi-property compound in the Hollywood Hills. Ledger’s estate put the home on the market in 2008 and it sold for $2.5 million. The home is now back on the market at $2.695M down from its list price of $3.695M in Nov 2009.

This ultra private two bedroom, two bathroom house built in 1951, sits amidst a mature sycamore grove on nearly a half an acre of lush grounds. It has a warm modern, vibe with a open floor plan and is a great example of modern, indoor-outdoor living. (more…)



Feb 09, 2012 | Post by: av No Comments

News, Tips and Trends

RECENT BLOGS


Buff & Hensman’s Wong House On Nottingham Avenue In Los Feliz
Buff and Hensman’s Wong House is back on the market. The home was last sold in August 2010 to Scarlett Johansson and Ryan Reynolds, who bought the fully restored home at the time for 2.9M. After adding some eco-friendly upgrades like solar panels to the home, it is now back on the market at new price point of 3.65M [ more... ]

 


Vincent Gallo’s Penthouse Unit For Sale In Historic Biscuit Lofts In Downtown LA
Actor-director Vincent Gallo has listed his gorgeous one of a kind Biscuit Company penthouse in downtown L.A. for sale at $2.599M with a haircut of about $500k from its list price in June 2011 of $2.95M [ more...]

 


R.M. Schindler’s James Eads How House In Silverlake
Calling all architecture lovers. The architecturally significant R.M. Schindler’s 1925 masterpiece, James Eads How House in Silverlake is back on the market, priced to sell and now is your chance to own it [ more... ]

 

NEWS AND TIPS


Become your kid’s mortgage lender
FORTUNE — Between slumping prices and low mortgage rates, it’s a good time to look for real estate bargains. But thanks to tightened lending standards, legions of young would-be homebuyers aren’t exactly in a position to take advantage of the opportunity. That’s where their parents come in: One in three first-time buyers received either a gift or a loan from their families to help buy a home in 2011, according to the National Association of Realtors. [ more... ]

DataQuick: New HARP 2.0 could help 6.7 million more borrowers
Changes made to the Home Affordable Refinance Program could open the platform up to nearly double the number of homeowners eligible per previous requirements.

A study from San Diego-based DataQuick found an additional 6.7 million households may qualify under HARP 2.0, according to new loan-to-value ratio requirements. Those changes remove a 125% LTV upper limit, altering it to include borrowers with 80% or more LTV on their homes [ more... ]



Feb 08, 2012 | Post by: av No Comments

Vincent Gallo’s Penthouse unit for sale in historic Biscuit Lofts in Downtown LA

1850 Industrial St #703, Los Angeles, CA 90021
MLS#: 12-579313 | 2bd, 2.5ba | 4,300 Sq ft (per MLS)
Offered at $2,599,000

Actor-director Vincent Gallo has listed his gorgeous one of a kind Biscuit Company penthouse in downtown L.A. for sale at $2.599M with a haircut of about $500k from its list price in June 2011 of $2.95M.

The Four level luxury downtown loft features 30’ ceilings, floating staircases, private in unit elevator, brick walls and maple floors and is located in a historic building in the Arts District of downtown LA with sweeping views of the city. It comes with 3 subterranean parking spaces.

Per the MLS listing the loft has “Three outdoor private terraces totaling 3,100 sqft. w/ 360 degree views of the entire LA basin. Building has 75′ saline pool, 24-hour doorman, BBQ’s, gym and 3 parking spaces. Mills Act protected with property taxes cut by approx. 78% by recent assessment. ($7500/yr)”

The complex is a Los Angeles Historical-Cultural Monument, which allows for reduced property taxes under the Mills Act.

This is truly a trophy property and one hell of an entertainment pad if you’re looking in downtown and lofts are your thing. Others might find the staircases and lack of privacy in the bedrooms a little daunting and might want to consider look at homes in Los Feliz/ Hollywood Hills and other nearby areas at a similar price point.

Gallery Below:

To check out this listing or any others, call me at 310.869.1539 or email av@hausangeles.com. Listing details and pictures

Listing courtesy: Frank Bruno/ Keller Williams HollywoodHills



Feb 08, 2012 | Post by: av No Comments

Buff & Hensman’s Wong House on Nottingham Avenue in Los Feliz

2651 Nottingham Pl, Los Angeles, CA 90027
MLS#: 12-578571 | 2bd, 3ba | 2,835 Sq ft (per MLS)
Offered at $3,650,000

Buff and Hensman’s Wong House is back on the market. The home was last sold in August 2010 to Scarlett Johansson and Ryan Reynolds, who bought the fully restored home at the time for 2.9M. After adding some eco-friendly upgrades like solar panels to the home, it is now back on the market at new price point of 3.65M.

Buff and Hensman created hundreds of houses that helped define the California post-war dream from 1950 – 2000. Along the way they garnered more than forty A.I.A. Awards. This particular home built in 1969 is characterized by beautifully proportioned spaces that are open and airy and high-quality materials and workmanship.

Located north on the boulevard on Nottingham Pl, the home sits on a large lot of 19,230 square feet and is set back from the front lot line.  (more…)



Feb 01, 2012 | Post by: tom No Comments

Why do most Buyers buy in a Seller’s Market?

A generally accepted observation of real estate professionals is that buyers buy when the market favors sellers.  Why might that be?  Partly, it is because it is human nature to follow the herd.  But mostly I think it is the buyer’s caution and a lack of urgency that form the basis for their delay.  The only certain way to know that the market has hit bottom is to see prices and sales volume rise, and that is the beginning of the seller’s market!

Here are a few thoughts that might help somebody who is thinking of purchasing their first home or moving up to a higher priced property.  A sure sign of the market strengthening and shifting to a seller’s market is when the quality of the housing inventory improves.  In a declining market the sellers are generally owners or banks that have an urgent need to sell (relocation, divorce, death, foreclosure, short-sale, etc.).  A sign that the market is turning a corner and strengthening is when the inventory grows to include sellers who elect to sell for better opportunity, not urgent need.  Consider the length of time that you expect to live in the new home, if it is more than five years; then the time horizon should minimize your concerns about paying the absolute lowest price for that home.  If you wait too long, the price will be strengthened by the regained optimism of the market.

Several factors suggest that our market is at or near the bottom.  We have seen the housing inventory begin to improve; that the quality of our inventory is growing to include sellers who elect to sell, not just those who have to sell.  And while inventory is improving, the mobility of these new sellers is based on their ability to sell their home.  So the buyer at the lower segment (first-time-buyers) still have strength to negotiate a favorable purchase price, as they are the lynch-pin in the seller’s ability to move to the next level of purchase and realize their bigger savings on their move-up property.  That’s a dynamic of the market that is worth considering when thinking about when to enter the market.



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