Sunrise January 27, 2012

by Tracy on January 27, 2012


Taken at Eagle Rock, CA

Posted via email from Tracy’s LA Real Estate

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Is Cash Always King?

by Tracy on January 26, 2012

Cash buyers are exerting downward pressure on prices, according to a report in DSNews.com, quoting a study from HousingPulse Survey. This article points out that with distressed properties, the investors with cash dominate the market and that sellers often take lower cash offers because the deal can be closed faster with fewer problems. As a result, the first-time and FHA buyers are shut out of the entry-level distressed property market. This is a funny kind of capitalism in action. Free market means that the seller does not have to take the highest offer, they are free to choose a lower offer with cleaner terms.

But if you are a cash buyer and you want a really nice home, you don’t necessarily have the same influence on price. You may still get the deal, but only if you do offer the highest price. I could quote several stories over the last several years in which the winning bid in multiple offers was cash for homes that were not at the low end of the price range. I represented a buyer last year who purchased a couple of homes in La Canada and Pasadena by either paying cash or agreeing to no loan or appraisal contingencies. One of the highest sales in Eagle Rock last year was all cash, and this year I have seen cash buyers competing with each other on good properties, driving up the price as a result.

Where is all this cash coming from? Lots of places: investments that have been earning a fraction of a percent interest in CDs, sales of businesses, inheritances, divorces, lawsuits, and retirement accounts, even savings. Another source is the Bank of Mom and Dad, which sometimes is a gift and sometimes is a gift that is expected to be returned at some future time.

What does all this mean?

  1. Don’t make the assumption that if you have cash you will always win at a bargain price.
  2. Don’t believe everything you read about how bad the market is. There are a lot of people who are serious buyers today because they have faith in the value of real estate over the long term.  And a lot of them have cash.

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Eagle Rock Sunrise Jan25 12

by Tracy on January 25, 2012


Taken at Eagle Rock, CA

Posted via email from Tracy’s LA Real Estate

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This is great news for the community!  Eagle Rock High School is the first school in LAUSD to be authorized as an International Baccalaureate World School.

From Denise Campos, Director of Community Affairs for LAUSD Board Member Tamar Galatzan:

Los Angeles-Eagle Rock High School, the only traditional campus in the Los Angeles Unified School District (LAUSD) with a grades 7-12 configuration, is now the first school ever in the District to be authorized as an International Baccalaureate (IB) World School. As such, the school will implement a fully recognized IB Middle Years Programme for students in 7th, 8th, 9th and 10th grades beginning this fall.

“Your hard work, dedication, and an ongoing mission of excellence have gained Eagle Rock High School this merit,” LAUSD Superintendent John Deasy said. “You are truly a role model for this district.”

“This is an incredibly historic moment for the students, families and greater community of Los Angeles,” added Judy Elliott, Chief Academic Officer for the LAUSD. “After three years of hard work and dedication, Eagle Rock, under the leadership of Principal Salvador Velasco, has been awarded this international  recognition of excellence. This has truly been a school-wide and community effort.”

An IB education occurs at three levels-the primary, middle years and diploma (high school) programs. Each offers a rigorous curriculum that provides an education with a global perspective.

IB students are encouraged to develop specific character and learning traits-to be thinkers, inquirers and communicators who are principled, open-minded, reflective, balanced, knowledgeable, and caring risk-takers. The IB designation provides a framework of academic challenge that encourages students to embrace and understand the connections between traditional subjects and the real world.

In April, a team of evaluators from IB visited Eagle Rock High School and shortly thereafter, the IB America headquarters notified Principal Velasco that the school had exceeded the requirement and would be authorized as an IB school. It was the culmination of more than three years of Eagle Rock High School’s faculty, staff, administration, students and families preparing to provide the IB Middle Years Programme.

“Our school community made a determination that Eagle Rock High School would build an environment of success where every student has the opportunity, motivation and tools to achieve,” Velasco said. “The International Baccalaureate Middle Years Programme is the foundation we chose to build on to further grow and develop our educational culture of excellence. We are very proud of the teachers, families, faculty, administrators, and especially our students, who embraced IB and worked so hard to achieve our authorization.”

Eagle Rock High School is located in northeast Los Angeles, between the cities of Pasadena and Glendale. As the only traditional LAUSD school with a 7-12 grades configuration, it houses both a comprehensive junior and senior high school, as well as a magnet program serving gifted, high-ability and highly-gifted students in grades 7-10. In addition, Eagle Rock High School will offer the fully authorized IB Middle Years Programme to all students in grades 7-10 in the 2011-12 school year.

To transform Eagle Rock High School into an IB school prepared and qualified to undertake the Middle Years Programme, teachers and administrators underwent more than two years of specialized training, most of it funded by the school itself. In addition, the school adjusted its bell schedule to allow for longer instructional periods and re-emphasized areas of the curriculum, such as foreign language and the arts, to align the course work with the expectations of the IB. This was achieved while maintaining strong English, math, science and social studies programs. Students and families were included throughout the process.

The program consists of eight subject groups integrated through five areas of interaction that provide a framework for learning across subjects. IB students are required to study their first language, a second language, humanities, sciences, mathematics, arts, physical education and technology. In the final year of the Middle Years Programme, students engage in a personal project that allows them to demonstrate the knowledge and skills they have developed throughout the program.

“Eagle Rock faculty, staff and administration have been working toward certification for the past three years, undergoing rigorous training, and aligning the school’s curriculum, schedule and mission to meet the IB’s exacting standards,” said Laurie Bollman-Little, the IB coordinator for Eagle Rock High School. “Our school got behind the Middle Years Programme because it will provide the foundation and methodology for our students to succeed in middle school, in high school, in college and beyond.”

Looking ahead, Principal Velasco said the school’s next goal is to be authorized to offer the IB Diploma Programme (high school). “At Eagle Rock, we see the IB as a blueprint we can follow so that all our students achieve at their highest levels.”

For more information on Eagle Rock High School, visit the school’s website.

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Tracy King | Teles Properties | (626) 827-9795
1507 Wildwood Dr, Eagle Rock, CA
PRICE REDUCED $50K! Open House Sunday, January 29, 1-4pm.
4BR/3+1BA Single Family House
offered at $699,000
Year Built 1995
Sq Footage 3,243
Bedrooms 4
Bathrooms 3 full, 1 partial
Floors 3
Parking 2 Car garage
Lot Size 5,100 sqft
HOA/Maint $0 per month
DESCRIPTION

Price has been reduced $50,000.  Views, space, indoor-outdoor California life-style floorplan, what more could you want? How about a vaulted ceiling in the great family room adjacent to the kitchen? A giant wall of a bookcase? Two floors of Trex-type decks? This newer custom-built home has room for every aspect of your life. Formal living room, dining room, powder room, kitchen and large family room make the main level the place to spend most of your days. The downstairs level has two bedrooms, full bath, plus an office/playroom. The top floor has another bedroom with attached full bath, and then the master suite that will become your haven. A dual-sided fireplace connects the bedroom and the bathroom, which has a sunken shower and the perfect tub to soak your troubles away. There is also a separate toilet room, complete with bidet! Expansive views across Eagle Rock include mountains and the Rock itself. This hillside home even has a usable yard and a fishpond!
see additional photos below
PROPERTY FEATURES

- Central A/C - Central heat - Fireplace
- High/Vaulted ceiling - Walk-in closet - Hardwood floor
- Tile floor - Family room - Living room
- Bonus/Rec room - Office/Den - Dining room
- Dishwasher - Refrigerator - Stove/Oven
- Microwave - Washer - Dryer
- Laundry area – inside - Balcony, Deck, or Patio - Yard
OTHER SPECIAL FEATURES

- Northern views across the Eagle Rock Valley
- Open floor plan with room for every one of your needs!
- Custom built in 1995
ADDITIONAL PHOTOS


Front

Living Room

Kitchen

Office/Rec Room

Master

Master Bath

High Ceilings

Views
Contact info:
Tracy King
Teles Properties
DRE Lic#01048877
(626) 827-9795
For sale by agent/broker
Equal Opportunity Housing
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Posted: Jan 21, 2012, 9:24am PST

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Tracy King | Teles Properties | (626) 827-9795
1316 Linda Rosa Ave, Eagle Rock, CA
New Lising! Open Sunday, January 22, 1-4pm.
2BR/1BA Single Family House
offered at $539,000
Year Built 1948
Sq Footage 933
Bedrooms 2
Bathrooms 1 full, 0 partial
Floors 1
Parking 2 Car garage
Lot Size 6,891 sqft
HOA/Maint $0 per month
DESCRIPTION

Pristine, move-in ready traditional awakens to sunrise views from the backyard patio, looking over the large detached garage and the tree-studded backyard. Feed yourself on the avocado, fig and kumquat trees. There is plenty of space for more gardening or play. Inside, the hardwood floors glow, the white walls reflect the light. Updates include interior paint, new Crestview front door, new back door, new light fixtures inside & out, new window coverings, new cabinet & door hardware.Kitchen: Cararra marble countertops installed, tile floors, undermount sink w/ Grohe faucet, garbage disposal,tile backsplash. Laundry: Washer & dryer, custom cabinets installed. Bathroom: Custom cabinets installed, new sink w/ Grohe faucet. And in 1 bedroom, the coolest ceiling fan ever! Exterior: Exterior Painting, Automatic sprinkler system added for front & backyard, new garage door opener, new hot water heater, new fencing.
see additional photos below
PROPERTY FEATURES

- Hardwood floor - Tile floor - Living room
- Breakfast nook - Balcony, Deck, or Patio - Yard
OTHER SPECIAL FEATURES

- Located on a quiet street in Eagle Rock
- Sunrise views from the back yard
- Large two-car garage
- Open Sunday, January 22, 1-4pm
ADDITIONAL PHOTOS


1316 Linda Rosa

Living Room

Living Room

Kitchen

Kitchen

Kitchen and Laundry

Laundry Room

Front Bedroom

Back Bedroom

Bath

Porch

Patio

Back Yard

Back Yard
Contact info:
Tracy King
Teles Properties
DRE Lic#01048877
(626) 827-9795
For sale by agent/broker
Equal Opportunity Housing
Powered by Postlets
Posted: Jan 20, 2012, 2:44pm PST

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Just Sold! 5921 Annan Way, Highland Park

by Keely on January 19, 2012

5921 Annan Way Just SoldThis beautiful Craftsman bungalow was snapped up quickly in multiple offers when we brought it on the market in December.  Features of 5921 Annan Way include hardwood floors throughout, remodeled kitchen and bath, updated systems, and a serene deck in the back yard. We just handed the keys over to the lucky buyer, and she is excited to move in.  Congratulations to our sellers and the new home owner!

5921 Annan Living/Dining
5921 Annan Way Kitchen

5921 Annan Way DeckProperty Details:
Listed for $429,00
Sold for $408,000
2 bedrooms, 1 bath
1,020 sq. ft. on a 3,840 sq. ft lot
Built in 1911

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6202 St Albans St, Highland ParkThis darling renovated cottage in the hills of Highland Park is officially sold! 6202 St Albans Street is a tiny one, but full of character.  Features include views across Highland Park, a large back yard with planter boxes, remodeled kitchen and bath, and new floors and paint throughout.  We received multiple offers and reached a final sales price of $368,000.  Congratulations to the buyers!

6202 St Albans Living Room
6202 St Albans Dining Room
6202 St Albans Kitchen
6202 St Albans Porch
6202 St Albans Back Yard

Property Details:
Listed for $349,900
Sold for $368,000
2 bedrooms, 1 bath
951 sq. ft. on a 5,175 sq. ft. lot
Built in 1921

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Just Sold! 4545 Indiana Avenue, La Canada

by Keely on January 17, 2012

4545 Indiana Avenue, La CanadaWhile we were in New York last week (attending the Inman Connect Real Estate conference), we closed escrow on this updated traditional home in La Canada.  We listed the property for $919,000 back in November and quickly received an offer for $922,000 from a lovely family.  Congratulations to our seller, and welcome to the neighborhood to the new homeowners!

4545 Indiana Avenue Living Room
4545 Indiana Family Room
4545 Indiana Kitchen

4545 Indiana Master BedroomProperty Details:

Listed for $919,000
Sold for $922,000
3 bedrooms, 2 baths
2,243 sq. ft. on a 6,500 sq. ft. lot
Built in 1945

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New Listing! 1040 N Wilson Avenue, Pasadena

January 17, 2012

Tracy King | Teles Properties | (626) 827-9795

1040 N Wilson Ave, Pasadena, CA

New Listing! Bungalow Heaven home for sale – open house Thursday 1/19 10-2pm, Saturday 1/21 and Sunday 1/22 1-4pm!

5BR/4BA Single Family House

offered at $679,000

Year Built
1962

Sq Footage
2,426

Bedrooms
5

Bathrooms
4 full, 0 partial

Floors
1

Parking
2 Car garage

Lot Size
9,246 sqft

HOA/Maint
$0 per month

DESCRIPTION

This large 1-story ’60s traditional is nestled [...]

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