Pacific Palisades, CA

view my blog
Office: (310) 459-8191 x878

Mobile: (424) 214-0271
Secondary: (310) 774-3313

Appraisals and CMAs

Appraisals are primarily used to protect the lender's interest in the property. Just like lenders can be hesitant to issue a mortgage to credit-risky borrowers, they don't like to underwrite properties for more than they're worth. Appraisals also are used when other factors have made it difficult to assess your property's value, such as a lack of real estate activity in your area.

REALTORS® stress the importance of understanding that an appraisal is just the opinion of a trained professional: Five different appraisers could attach five different price tags to your home. Appraisals are based on past sales data, the location of the home, the size of the lot and the condition of the home. If the buyer's mortgage is insured through the FHA, the appraiser must disclose potential problems relating to the physical condition of the home; there are no similar stipulations for non-FHA mortgages.

Your REALTOR® may recommend an appraiser for your home. Also, the Appraisal Subcommittee of the Federal Financial Institutions Examination Council offers a member directory on its Web site. You can check the status of California appraisers? licenses through the Office of Real Estate Appraisers.

To determine an accurate measure of what your home is worth, REALTORS® can supply a comparative market analysis (CMA), which provides information on recent selling prices of similar properties in the same market. With a CMA, you can monitor the closing price of specific house types in certain areas (e.g., a condominium in a metropolitan area). Again, consult your REALTOR® if you're interested in learning more about a CMA.

Pacific Palisades Real Estate Blog - Friday 10-30-2009 - Saturday Open Houses

10-30-09

view my blog
Office: (310) 459-8191 x878

Mobile: (424) 214-0271
Secondary: (310) 774-3313

RES-SFR: 746 ALMA REAL DR , PACIFIC PALISADES ,CA 90272

MLS#: 09-337933

AREA: (15) Pacific Palisades

STATUS: A

LP: $4,695,000

STYLE: Traditional

MAP: 631/B6

APN: 4411-009-023

GST HSE: None

ZONING: R1

VIEW: No

BR: 6 BA: 7.00

FOR LSE: No

LSE OPT: No

POOL: Yes

APX SF: 5,817/AS

P.U.D: No

H.O.D: $0.00

STORIES: 2

APX LSZ: 10,105/AS

PKG TOT: 2

PKG CVD: 2

YR BLT: 2005

APX LDM:

DOM: 298

OLP: $5,995,000

DIRECTIONS: Huntington Palisades

REMARKS: Fabulous newer construction in the Huntington Palisades. 2-story traditional 5,817 square feet on a 10,105 square foot lot. The house consists of 5 bedrooms plus a maid's room, and 6.5 bathrooms plus a powder room. Fabulous master bedroom and bath, large formal dining room, separate media room, study, private backyard w/ pool & spa. Great floor plan & curb appeal. See private remarks for exclusions

SHOWING REMARKS:

SHOWING: 24-hr Notice,Appointment w/List. Office,Call LA 2

LOCKBOX TYPE: LOCKBOX LOCATION:

OCCUPANT:

OCC. PHONE:

PHONE TO SHOW:

RES-SFR: 16572 CHATTANOOGA PL , PACIFIC PALISADES ,CA 90272

MLS#: 09-400081

AREA: (15) Pacific Palisades

STATUS: A

LP: $2,250,000

STYLE: Architectural

MAP: 630/H5

APN: 4419-013-024

GST HSE: N/A

ZONING: LAR1

VIEW: Yes

BR: 3 BA: 2.50

FOR LSE:

LSE OPT:

POOL: No

APX SF: 2,465/OT

P.U.D:

H.O.D: $0.00

STORIES: 2

APX LSZ: 5,790/OT

PKG TOT:

PKG CVD:

YR BLT: 1950

APX LDM:

DOM: 42

OLP: $2,395,000

DIRECTIONS: Sunset to Bienveneda - right - Akron - left - Chattanooga - left

REMARKS: Extraordinary View Living!Chic/Sleek Contemporary!Ocean/ islands/city/trees+mountains PANORAMIC VIEWS! Imaginative/unique space!A dream4entertaining/relaxation/inspired work!VIEWS FROM EVERY ROOM. Exquisite/exciting/amazing/warm! Maple floors/walnut cabinetry+shelving/Brazilian Ipe rainforest wood decks+fences/Fleetwood entrydoor/Milgard windows/Carrera marble/WalkerZanger tile/WaterWorks fixtures/Viking appl/spa style bths/sound+tech wiring/multi media areas.Ultimate retreat/grassyard.Movein.

SHOWING REMARKS:

SHOWING: Call LA 1

LOCKBOX TYPE: LOCKBOX LOCATION:

OCCUPANT:

OCC. PHONE:

PHONE TO SHOW:

RES-SFR: 640 PALMERA AVE , PACIFIC PALISADES ,CA 90272

MLS#: 09-401363

AREA: (15) Pacific Palisades

STATUS: A

LP: $2,795,000

STYLE: Mediterranean

MAP: 630/J5

APN: 4414-012-030

GST HSE: None

ZONING: LAR1

VIEW: Yes

BR: 5 BA: 5.50

FOR LSE: No

LSE OPT: No

POOL: No

APX SF: 4,255/DV

P.U.D: No

H.O.D: $0.00

STORIES: 3

APX LSZ: 8,581/AS

PKG TOT: 3

PKG CVD: 3

YR BLT: 2009

APX LDM:

DOM: 31

OLP: $2,795,000

DIRECTIONS: Sunset to Northfield to Palmera

REMARKS: New superbly designed and finished Tuscan style in tropical setting. Fabulous finishes include Venetian plaster walls, rich hardwood floors, stone surfaces & 4 fireplaces. The romantic master has fireplace,balcony, and steam & rain shower. Wine cellar and tasting room are adjacent to entertainment area w/home theater & bar. Grand entrance, high ceilings, chef's kitchen w Viking appliances & solid wood cabinets. Fully wired, alarm, surround sound throughout. Co-listed.

SHOWING REMARKS:

SHOWING: Call Listing Office,Listing Agent Accompanies

LOCKBOX TYPE: LOCKBOX LOCATION:

OCCUPANT:

OCC. PHONE:

PHONE TO SHOW:

RES-SFR: 15901 ALCIMA AVE , PACIFIC PALISADES ,CA 90272

MLS#: 09-404459

AREA: (15) Pacific Palisades

STATUS: A

LP: $3,499,900

STYLE: Southern Colonial

MAP: 631/A4

APN: 4420-005-011

GST HSE: N/A

ZONING: LARE15

VIEW: Yes

BR: 5 BA: 4.00

FOR LSE:

LSE OPT:

POOL: No

APX SF: 3,348/VN

P.U.D:

H.O.D: $0.00

STORIES: 2

APX LSZ: 20,910/VN

PKG TOT: 6

PKG CVD: 2

YR BLT: 1950

APX LDM:

DOM: 18

OLP: $3,499,900

DIRECTIONS: Sunset to El Medio to Alcima

REMARKS: Vintage 2-story Colonial home located above Sunset Blvd in Pacific Palisades. First time on the market since being built in 1950, and has remained in the same family. Very private corner lot with almost a half an acre of park-like grounds and partial ocean views. Home has large formal entertaining areas, a great den, and a large open family room. Tiered backyard with pool and 2-car garage lots of additional parking. Sold "as-is" with no warranties. Must see for anyone who loves Colonial homes

SHOWING REMARKS:

SHOWING: Appointment w/List. Office,Call LA 1,Call LA 2,Listing Agent Accompanies

LOCKBOX TYPE: LOCKBOX LOCATION:

OCCUPANT:

OCC. PHONE:

PHONE TO SHOW:

RES-CC: 16123 W Sunset Blvd 104 #104, PACIFIC PALISADES ,CA 90272

MLS#: S584227SC

AREA: (15) Pacific Palisades

STATUS: A

LP: $1,125,000

STYLE: Mediterranean

MAP: 630/J5

APN: 4420-002-084

PETS: N/A

ZONING:

VIEW: Yes

BR: 3 BA: 3.00

FOR LSE: Yes

LSE OPT: Yes

POOL: No

APX SF: 1,790

P.U.D:

H.O.D: $285.00

STORIES: 4

APX LSZ: 0/OW

PKG TOT:

PKG CVD:

YR BLT: 2006

APX LDM:

OH DATE: 10/31/2009 (1:00PM-5:00PM) : review

DOM: 88

OLP: $1,125,000

DIRECTIONS: From PCH: Exit Temescal Cyn; make left on Sunset; arrive at 16123 Sunset Blvd From 405: Exit Sunset and arrive at 16123 Sunset Blvd

REMARKS: This amazing Garden Home in the Exclusive Neighborhood of Pacific Palisades. Close proximity to Upscale Shopping, Restaurants, Hiking Trails & World Famous Beaches. Luxurious and Spacious 3 Bed (2 Master Bedrooms & 1 guest) + 3 Bath is Approx. 2000 sq. ft. w/Natural Stone Floors, Granite Counter Tops, Solid Core Doors, 4 Double Pane Glass Sliding Doors with access to Garden Patios, State of the Art Stainless Steel Appliances, Stunning Fireplace, 3 Walk-In Closets & more! Gated community with Sec

SHOWING REMARKS:

SHOWING: Other,Agent or Owner to be Present,Call First

LOCKBOX TYPE: No Key Safe LOCKBOX LOCATION: No Key Safe

OCCUPANT: Alon Zakoot

OCC. PHONE: 310-459-4878

PHONE TO SHOW: 310-459-4878

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2009 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed. Prepared by: Dominic D. Naidoo DRE# 01343805

Pacific Palisades Real Estate Blog - Sunday 10-25-2009 - Weekend Wrap up

10-25-09

6360 Cavalleri Road, Malibu 90265

view my blog
Office: (310) 459-8191 x878

Mobile: (424) 214-0271
Secondary: (310) 774-3313

Happy Sunday everyone! I hope that you all got to enjoy the beautiful weather in Southern California! It was a busy weekend for Josh and myself. We were stuck in a video shoot at our new listing in Malibu...which wasn't a bad place to be :)

15901 Alcima Avenue, Pacific Palisades 90272

Today we juggled multiple open houses from Malibu to Pacific Palisades. It felt priceless to have Pacific Coast Highway open without traffic. If my career insists of me working weekends, what better place to do it!

This article that The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) released on Friday caught my interest. What's even more interesting is that we have a buyer submitting an offer on an property in Santa Monica who was sad to hear that she wouldn't qualify for the tax credit.

Friday, Oct. 23, 2009

C.A.R. calls for swift adoption of Dodd-Lieberman-Isakson amendment to extend home buyer tax credit

LOS ANGELES (Oct. 23) - The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today called for the U.S. Senate to swiftly adopt the Dodd-Lieberman-Isakson amendment, which would extend and amplify the hugely successful first-time home buyer tax credit until June 30, 2010.

"The success of the home buyer tax credit and its positive impact on the real estate market is clear," said C.A.R. President James Liptak. "According to our research, nearly 40 percent of first-time buyers said they would not have purchased a home if the federal tax credit for first-time home buyers was not offered. This underscores the significance of the federal tax credit to the housing market's recovery in California.

"The Dodd-Lieberman-Isakson amendment would expand the credit by removing the first-time buyer requirement and instead would apply to all home buyers," he said. "The amendment also would increase the qualifying income limits to $150,000 for single buyers and $300,000 for those filing joint income tax returns.

"We urge Senators Feinstein and Boxer to demonstrate their support for home buyers in California and quickly adopt the Dodd-Lieberman-Isakson amendment," Liptak said.

Under additional provisions in the Dodd-Lieberman-Isakson amendment, taxpayers would be able to claim the credit on purchases completed in 2010 on their 2009 income tax returns. The amendment maintains the provision that home buyers do not have to repay the credit provided the home remains their primary residence for 36 months after purchase, and waives this requirement for active duty military personnel who move due to a military order.

Leading the way...® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States, with nearly 163,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

Pacific Palisades Real Estate Blog - Saturday 10-17-2009 - Pacific Palisades Weekly Market Analysis Report

10-17-09

view my blog
Office: (310) 459-8191 x878

Mobile: (424) 214-0271
Secondary: (310) 774-3313

# of Listings

Average DOM

Low Price $

Median Price $

High Price $

Average Price Total $

*Avg. Price w/ Sq.Ft. $

*Average Sq. Ft.

*Avg. Price/Sq.Ft. $

***Avg. Price w/ LSZ $

***Average LSZ

***Average Price/LSZ $

Average SP/Average LP

Active
60
62
2,400
839,000
9,295,000
1,437,067
1,277,596
2,717.60
470.12
1,678,015
11,322.47
148.20
--

Backup
5
69
15,900
749,000
2,049,000
853,580
853,580
3,189.40
267.63
1,053,300
7,259.67
145.09
--

Hold

--

Pending
7
72
195,000
1,275,000
3,750,000
1,450,286
1,450,286
2,528.57
573.56
1,841,600
8,188.40
224.90
--

Sold LP
9
70
3,250
899,900
5,795,000
1,242,983
673,981
2,496.38
269.98
1,226,481
7,864.88
155.94
--

Sold SP **
9
70
3,290
865,000
5,500,000
1,197,566
659,761
2,496.38
264.29
1,181,011
7,864.88
150.16
96.35%

Expired
12
118
5,900
704,500
3,750,000
1,442,908
1,467,490
3,062.90
479.12
1,596,988
10,156.63
157.24
--

Canceled
4
87
3,500
101,750
475,000
170,500
161,000
1,867.67
86.20
101,750
5,690
17.88
--

Withdrawn
4
152
2,100
6,300
1,875,000
472,425
472,425
2,333.50
202.45
629,200
7,743
81.26
--

Please do not hesitate to contact me with any questions about this information provided. I will be happy to provide you with a detailed report. 310.459.8191 x878 or email info@wsprops.com

* = Square footage calculations do not include those listings with a reported square footage of zero (10 such listings were found).

*** = Lot size calculations do not include those listings with a reported lot size of zero (26 such listings were found).

** = All calculations in the "Sold (Sold Price)" column do not include those Sold listings with either a reported square footage of zero or a reported Selling Price of zero (0 such listings were found) or a reported lot size of zero (0 such listings were found).

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2009 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed. Prepared by: Dominic D. Naidoo DRE# 01343805

Pacific Palisades Real Estate Blog - Thursday 10-15-2009 - Palisades hotsheet

10-15-09

view my blog
Office: (310) 459-8191 x878

Mobile: (424) 214-0271
Secondary: (310) 774-3313

Happy Thursday everyone! Here is the Pacific Palisades hotsheet(past 5 days):

# of Listings

Average DOM

Low Price $

Median Price $

High Price $

Average Price Total $

*Avg. Price w/ Sq.Ft. $

*Average Sq. Ft.

*Avg. Price/Sq.Ft. $

***Avg. Price w/ LSZ $

***Average LSZ

***Average Price/LSZ $

Active
27
70
349,500
1,750,000
9,295,000
2,007,863
1,709,532
2,310.52
739.89
2,683,050
10,772.44
249.07
--

Backup
1
31
749,000
749,000
749,000
749,000
749,000
1,529
489.86
N/A
N/A
N/A
--

Pending
5
28
749,000
1,275,000
1,593,000
1,241,400
1,241,400
2,567
483.60
1,364,500
6,424
212.41
--

Sold LP
3
125
899,900
1,375,000
1,599,000
1,291,300
1,291,300
2,488.33
518.94
1,249,450
3,672.50
340.22
--

Sold SP **
3
125
865,000
1,330,000
1,549,000
1,248,000
1,248,000
2,488.33
501.54
1,207,000
3,672.50
328.66
96.65%

Canceled
2
3
3,500
4,000
4,500
4,000
4,000
1,881
2.13
4,500
7,020
0.64
--

* = Square footage calculations do not include those listings with a reported square footage of zero (2 such listings were found).

*** = Lot size calculations do not include those listings with a reported lot size of zero (14 such listings were found).

** = All calculations in the "Sold (Sold Price)" column do not include those Sold listings with either a reported square footage of zero or a reported Selling Price of zero (0 such listings were found) or a reported lot size of zero (0 such listings were found).

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2009 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed. Prepared by: Dominic D. Naidoo DRE# 01343805