Real Estate Update in Palo Alto & Los Altos

$2,198,000 SqFt: 3,278

Remarks:
It’s finally here. Brand new elegant custom home with exceptional craftsmanship boasting expansive features and amenities. Situated in a rare and quite location in prestigious North Los Altos. Close to downtown Los Altos. Top Schools.

Localtion: Google map

Property Features:

Open House Info:
05/11/2008 1:30PM To 4:30PM

Listing Agent/Office Information:
Joseph Han (DRE#01400808)
Keller Williams-Cupertino Pref Phone: 408-850-6944, Email: joe@joehan.com
Pref Fax: 408-850-6901, Off Ph: 408-850-6900,

$1,599,000                           SqFt: 2,111

Nestled on a tree studded large lot at the end of a serene cul-de-sac, this pristine one level 3 Bd 2 Ba home with a separate family room is very near the Village of Los Altos, the Hillview Community Center, The Youth Theater, Senior Center and Library.
Random plank hardwood flooring and large walls of glass grace the entire light filled home. Its separate family room with a brick wood burning fireplace and dining area opens to a private courtyard. Adjacent to this retreat is an extremely efficient kitchen with newer appliances. The gracious living/dining room, also with a fire place, has a sliding door allowing easy access to an inviting patio and a lovely mature garden with many flowering plants and citrus bushes. A sizable master bedroom suite boasts of a recently added bathroom with two sinks, a shower ample for two and a separate water closet. There is an attached two car garage with a work bench and a garden sink and a separate laundry room. Upgrades to the home include a 6 month new roof, newer concrete brick lined driveway and retractable screens. An extensive unused portion of the magnificent property may offer room for expansion. Check the City of Los Altos Planning Department for such possibilities.

Location:     google map

Property Features:

Open House Info:
05/10/2008  1:30PM To 4:30PM 
05/11/2008  1:30PM To 4:30PM 
 
Listing Agent/Office Information:
Shari Ornstein (DRE#01028693)
Alain Pinel Realtors  Pref Phone: 650-543-1077,  Email: sornstei@apr.com
Pref Fax: 650-323-1143,  Off Ph: 650-323-1111, 

$1,649,000                        SqFt: 1,634 

Remarks
Beautiful 3 bedroom, 2 bath home with wide hallway and a great backyard! Totally redone and shows like new!

Location:    google map

Listing Agent/Office Information:
Michael Kelley (DRE#00913918)
Kinetic Properties  Pref Phone: 650-948-6700,  Email: mikelley@kineticprop.com
Pref Fax: –,  Off Ph: 650-948-6700,  ,  Off Fx: 650-948-6732 
      

A recent report has suggested that the Spanish owned high street bank, the Abbey, is in the unusual position of being able to encourage mortgage loans customers rather than turn them away because it is not experiencing the same difficulties as British lenders when it comes to securing finance for its mortgage lending operations. British banks have found it increasingly difficult and expensive to secure finding for their mortgage lending operations since the onset of the global credit crunch, and this has led to many having to turn customers away and discourage new applications by hiking up interest rates and tightening up on lending criteria.

However, whilst British banks continue to struggle to secure the finance that they need the Abbey has been able to go through the European Central Bank to secure its funding, and this is because of its Spanish origins. Other lenders are now claiming that this proves that the Bank of England has not been doing enough to intervene in relation to the problems in the mortgages market.

Meanwhile, the Abbey’s ability to get funding from the ECB has put the lender in second position when it comes to mortgage lending, with estimations that the lender is writing one if every six new remortgages, taking a 17% cut of all mortgage lending. It has only been pipped to the number one spot for market share in the mortgage sector by Nationwide following its merger with the Portman Building Society.

As a result of the situation the Abbey is said to be one of the few mortgage lenders that is now able to actively encourage custom from potential mortgage borrowers, whereas many other lenders who are struggling to raise finance are having to scale down on the number of people and the type of borrowers that they are able to lend to.

$1,698,000                        SqFt: 1,350

Build your dream home on this 16,000 sq.ft lot in prime North Los Altos location.
Tremendous opportunity to build new or remodel in a great Noth Los Altos neighborhood. City may allow a 4300 sq.ft home above ground and a legal 2nd living unit. Lot dimensions are 80 x 200. Adjacent property at 1086 is also available , exact same lot size. Bulder consulataions available. Hurry these opportunities do not come often. Call gary 650-799-4021 for a private showing.

Location:  google map

Listing Agent/Office Information:
Gary Herbert (DRE#00762521)
Coldwell Banker-Los Altos First Street  Pref Phone: 650-917-4222,  Email: gherbert@cbnorcal.com
Pref Fax: 650-948-3749,  Off Ph: 650-948-0456,