Lake Arrowhead Lifestyle Blog

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Lake Arrowhead Emergency Repair Funds Available

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Fri, 20 Nov 2009 09:47:39 -0600

Rebuilding Together foundation in our mountain communities is known for our Rebuilding Day in April of every year, where qualified home owners get help in repairs on their homes. Elderly, disabled or having children get much needed repairs done on their home.

Rebuilding Together has found a way to have funds available year round for needed minor repairs, whether heating, plumbing, etc. For information to determine eligibility, call 909-336-3910 or go to www.rebuildingtogether_ciamc@netscape.com.

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

Rim High School Football ~ CIF First Round Tonight 11-20-09

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Fri, 20 Nov 2009 08:27:43 -0600

The Fighting Scots are going at it again tonight at home.

Tonight at 7:30 at Rim High School will be the first round of CIF for the Scots. They will go at it against San Jacinto High School. This should be a tough fight, but our Scots are a tough team.

Come early and dress warm as I am sure it will be a lot of excitement tonight.

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

Lake Arrowhead ~ Top House Pick of the Week 11-19-09

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Fri, 20 Nov 2009 08:15:25 -0600

This weeks tour once again proves to be yet another great week of deals in Lake Arrowhead.

Here is my top 5 of the week

944 Mecham ~ $349,000 ~ Listed by CBSRR Kim K ~3 bedrooms, 4 baths, large great room, family room, views, extra lot included, great deals.
230 Maple ~ $369,000 ~ Listed by CBSRR, George C.~ 4 bedrooms, 2 baths, DOCK included in this package deal. Great charmer.
26539 Spyglass ~ $218,000 ~ Listed by Prudential CA Realty, Vicki M. ~This is an awesome deal in lake rights, short sale and approved. 3 bedrooms, 2 baths.
26963 Tunnel ~ $239,000~ Listed by CBSRR, Fred W. ~3 bedrooms, 1.5 baths, great buy for lake rights, close to the Lake Arrowhead Country Club
684 Grass Valley ~ $179,000 ~ Listed by CBSRR, Wanda B. ~ 3 bedrooms, 1.75 baths, no lake rights on this one, but extremely clean and cute home for the money.

Thats it, that's the whole story for broker tour this week. For a listed of all available homes please contact our team, we are ready to start bringing your dreams of the Lake Arrowhead Lifestyle to life.

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

Lake Arrowhead Home Sales October 2009

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Tue, 17 Nov 2009 10:52:23 -0600

The month of October held strong on home sales here in Lake Arrowhead. With interest rates still being great, inventory is good and the weather has been gorgeous, there was a lot of activity reported. All information was obtained from the Rim Association of Realtors, all information is deemed reliable but not guaranteed.

For all your real estate needs, turn to a team who gets results, Team Kelley-Sellers, Kim Kelley and Rich Sellers!

Address	List Price	Sold Price	Beds	Bath	Year	Firm
*556 Lakewood*	*$149,900.00*	*$115,000.00*	2	2	*1934*	*CBSRR*
*28782 Potomac*	*$159,999.00*	*$172,000.00*	3	2	*1969*	*CBSRR*
*1227 Klondike*	*$170,000.00*	*$150,000.00*	3	2	*1976*	*C21BB*
*1163 Yellowstone*	*$173,900.00*	*$182,000.00*	3	2	*1977*	*Parkinson*
*231 Sunset Dr*	*$186,000.00*	*$188,000.00*	3	*1.5*	*1932*	*CBSRR*
*27976 Matterhorn*	*$187,000.00*	*$201,500.00*	3	2	*1977*	*Pru CA Rlty*
*1415 Golden Rule*	*$189,000.00*	*$180,000.00*	3	*1.5*	*1969*	*CBSRR*
*238 Blue Bell*	*$199,000.00*	*$220,000.00*	4	2	*1951*	*Capre*
*27524 Oakwood*	*$239,000.00*	*$252,605.00*	3	2	*1972*	*Sotherbys*
*989 Teakwood*	*$259,000.00*	*$244,000.00*	3	*1.5*	*1979*	*CBSRR*
*27600 North Bay Rd*	*$264,800.00*	*$264,000.00*	3	2	*1969*	*CBSRR*
*1204 Grass Valley*	*$265,900.00*	*$276,900.00*	4	3	*1980*	*Pru CA Rlty*
*1137 Nadelhorn*	*$274,900.00*	*$275,900.00*	4	*2.5*	*1986*	*Pru CA Rlty*
*27764 West Shore*	*$275,000.00*	*$300,000.00*	3	*2.5*	*1966*	*CBSRR*
*296 Massive*	*$279,000.00*	*$270,000.00*	3	2	*1978*	*CBSRR*
*28244 Bern*	*$285,000.00*	*$265,000.00*	3	2	*1969*	*CBSRR*
*450 Pioneer*	*$288,000.00*	*$260,000.00*	3	2		*CBSRR*
*27980 St Bernard*	*$339,000.00*	*$300,500.00*	4	2	*1970*	*Mtn Country*
*27162 Peninsula*	*$339,000.00*	*$325,000.00*	4	3	*1990*	*Mtn Top Prod*
*28982 North Shore*	*$359,900.00*	*$424,000.00*	4	*4.5*	*1977*	*CBSRR*
*1187 Nadelhorn*	*$375,000.00*	*$350,000.00*	4	*1.75*	*1967*	*CBSRR*
*28634 Shenandoah*	*$384,900.00*	*$36,500.00*	3	*2.5*	*1987*	*Windermere*
*26668 Thunderbird*	*$414,214.00*	*$400,000.00*	4	3	*2005*	*Pru CA Rlty*
*1050 Grass Valley*	*$429,000.00*	*$420,000.00*	4	3	*1980*	*Mtn Country*
*1015 Pintail*	*$448,000.00*	*$423,000.00*	3	3	*1963*	*CBSRR*
*27401 Peninsula*	*$449,000.00*	*$405,000.00*	4	*3.5*	*2008*	*Windermere*
*27568 West Shore*	*$499,000.00*	*$488,000.00*	3	3	*1962*	*Lynne Wilson*
*280 Manzanita*	*$524,000.00*	*$445,000.00*	3	*2.5*	*1937*	*CBSRR*
*1251 Kodiak*	*$525,000.00*	*$475,000.00*	3	*2.5*	*2000*	*CBSRR*
*1256 Kodiak*	*$549,000.00*	*$505,000.00*	4	3	*1992*	*CBSRR*
*406 Old Toll*	*$549,000.00*	*$549,000.00*	3	3	*2009*	*Capre*
*176 Rocky Point*	*$749,900.00*	*$745,000.00*	3	3	*1982*	*Parkinson*
*226 Chipmunk*	*$825,000.00*	*$740,000.00*	4	*2.5*	*2001*	*Lynne Wilson*

*AVERAGE PRICE*	*$351,645.85*	*$328,724.39*

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

247 Squirrel ~ Lake Arrowhead ~ 1/2 Acre

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Sat, 14 Nov 2009 17:59:19 -0600

Kim Kelley | Coldwell Banker Sky Ridge Realty | 909-336-7949

Squirrel Drive, Lake Arrowhead, CA

Stunning Executive Home, Nearly Half an Acre, Exclusive Summit Area of Lake Arrowhead ~ Lake Rights ~

4BR/3.5BA Single Family House

offered at $639,000

Year Built	1992
Sq Footage	2,771
Bedrooms	4
Bathrooms	3 full, 1 partial
Floors	3
Parking	4+ Car garage
Lot Size	19,250 sqft
HOA/Maint	$0 per month

DESCRIPTION

This is the home for everyone. Exective style home in the Summit of Lake Arrowhead, level entry, 4 bedrooms, 3.5 baths, gourmet kitchen, wood flooring, family room, river rock fireplace, guest quarters with fireplace and full bath, true master suite with jetted tub and fireplace and large walk in closets, dual pane windows, landscaping, comp roof, level into garage, RV parking, close to the Lake Arrowhead Country Club and Golf Course. Only a couple minute drive to the lake. Live the Lake Arrowhead Lifestyle in this home, make the memories today.

see additional photos below

PROPERTY FEATURES

- Central heat	- Fireplace	- Walk-in closet
- Hardwood floor	- Family room	- Living room
- Dining room	- Breakfast nook	- Dishwasher
- Refrigerator	- Stove/Oven	- Microwave
- Granite countertop	- Basement	- Washer
- Dryer	- Laundry area - inside	- Balcony, Deck, or Patio
- Yard

COMMUNITY FEATURES

- Golf course

- Lake

OTHER SPECIAL FEATURES

- Lake Arrowhead Lifestyle at it's Finest!

- Huge Yard, RV Parking, Level Entry

- Close to Country Club

ADDITIONAL PHOTOS

Photo 1	Photo 2
Photo 1	Photo 1
Photo 1	Photo 1
Photo 1	Photo 1
Photo 1	Photo 1
Photo 1	Photo 1
Photo 2

Contact info:

Kim Kelley

Coldwell Banker Sky Ridge Realty

909-336-7949

For sale by agent/broker

Posted: Oct 26, 2009, 2:57pm PDT

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

Lake Arrowhead Lifestyle ~ Live the Dream in Paradise ~

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Fri, 13 Nov 2009 13:49:10 -0600

Lake Arrowhead, California is a premier resort just a short distance from Los Angeles, San Diego and Orange Counties in the San Bernardino Mountains. I can't stress enough that this is the best place on Earth to grow roots and live this beautiful lifestyle.

Whether you are a Sailor, Water Skier, Golfer, Hiker, Snow Skier or just the Relaxer Extrodianarre, there is no other place in California that you can do it all! Picture heading up to Lake Arrowhead with friends and family and as soon as you round the last curve start to smell the Pine trees, crisp mountain air and start to find yourself relaxing in Lake Arrowhead.

There are 379 homes available in Lake Arrowhead for sale. Prices ranging from $149,000 to $9,990,000. Whether it is a little cabin nestled in the woods or a lake front home, there is something for everyone in Lake Arrowhead.

Do you want to start living the lifestyle here in Lake Arrowhead? Check out our website and start searching for your dream home... We can show you the road to your dream!

www.ArrowheadLifestyles.com

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

US HERO ~ The story the press doesn't show

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Thu, 12 Nov 2009 17:00:51 -0600

I had a friend send this today to me and it really touched my heart. You hear all the negative press, politicians who don't believe in the choices made and people who don't understand what it is to be a US Soldier and the difference they do make, so this needed to be posted.

John Gebhardt is a Chief Master Sergeant in the USAF
As high as you can go in enlisted ranks (E-9)

Wouldn't it be fitting if this went completely around the world!.....

John Gebhardt's wife, Mindy, said that this little girl's entire family was executed. The insurgents intended to execute the little girl also, and shot her in the head...but they failed to kill her. She was cared for in John's hospital and is healing up, but continues to cry and moan. The nurses said John is the only one who seems to calm her down, so John has spent the last four nights holding her while they both slept in that chair. The girl is coming along with her healing.

He is a real Star of the war, and represents what America is trying to do.

This, my friends, is worth sharing. Go for it!! You'll never see things like this in the news. Please keep this going. Nothing will happen if you don't, but the American public needs to see pictures like this and needs to realize that what we're doing over there is making a difference. Even if it is just one little girl at a time.

James Gates U. S. Navy

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

kim@arrowheadlifestyles.com

944 Mecham Drive ~ Crest Park/Lake Arrowhead

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Thu, 12 Nov 2009 09:04:16 -0600

Kim Kelley | Coldwell Banker Sky Ridge Realty | kim@arrowheadlifestyles.com | 909-336-7949

944 Mecham Drive, Crest Park, CA

Views Abound

3BR/2.5BA Single Family House

offered at $349,990

Year Built	2007
Sq Footage	2,354
Bedrooms	3
Bathrooms	2 full, 2 partial
Floors	3
Parking	1 Car garage
Lot Size	6,697 sqft
HOA/Maint	$0 per month

DESCRIPTION

Gorgeous home in Crest Park section, near Lake Arrowhead. Level entry and level parking, step inside this beautiful home. Handscraped distressed wood floor, large great room, large deck off of great room to enjoy outdoor entertaining. Custom cabinets in large gourmet kitchen, stainless steel appliances. Artisian sinks in all bathrooms, family room/media room ready for which ever you choose, bar in family room just needs the plumbing. Master suite with private entry to second level deck. Jack and Jill private bath and entry to second level deck. Extra lot included in the sale of the home, stunning views off of back decks and privacy.

see additional photos below

PROPERTY FEATURES

- Central A/C	- Central heat	- Fireplace
- High/Vaulted ceiling	- Hardwood floor	- Family room
- Living room	- Dining room	- Refrigerator
- Stove/Oven	- Microwave	- Stainless steel appliances
- Laundry area - inside	- Balcony, Deck, or Patio

OTHER SPECIAL FEATURES

- Custom Built Home

ADDITIONAL PHOTOS

Photo 1	Photo 1
Photo 2	Photo 1
Photo 2	Photo 3
Photo 4	Photo 2
Photo 2	Photo 3
Photo 4	Photo 1
Photo 1	Photo 3
Photo 4	Photo 5

Contact info:

Kim Kelley

Coldwell Banker Sky Ridge Realty

909-336-7949

For sale by agent/broker

Posted: Nov 12, 2009, 2:22pm PST

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

Veterans Day ~ A History of What it Stands For

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Wed, 11 Nov 2009 09:11:48 -0600

As a daughter of a Navy Seal, I thought a history lesson was in need today... Thank you to all our brave Veterans...

World War I - known at the time as "The Great War" - officially ended when the Treaty of Versailles was signed on June 28, 1919, in the Palace of Versailles outside the town of Versailles, France. However, fighting ceased seven months earlier when an armistice, or temporary cessation of hostilities, between the Allied nations and Germany went into effect on the eleventh hour of the eleventh day of the eleventh month. For that reason, November 11, 1918, is generally regarded as the end of "the war to end all wars."

In November 1919, President Wilson proclaimed November 11 as the first commemoration of Armistice Day with the following words: "To us in America, the reflections of Armistice Day will be filled with solemn pride in the heroism of those who died in the country's service and with gratitude for the victory, both because of the thing from which it has freed us and because of the opportunity it has given America to show her sympathy with peace and justice in the councils of the nations..."

The original concept for the celebration was for a day observed with parades and public meetings and a brief suspension of business beginning at 11:00 a.m.

The United States Congress officially recognized the end of World War I when it passed a concurrent resolution on June 4, 1926, with these words:

Whereas the 11th of November 1918, marked the cessation of the most destructive, sanguinary, and far reaching war in human annals and the resumption by the people of the United States of peaceful relations with other nations, which we hope may never again be severed, and

Whereas it is fitting that the recurring anniversary of this date should be commemorated with thanksgiving and prayer and exercises designed to perpetuate peace through good will and mutual understanding between nations; and

Whereas the legislatures of twenty-seven of our States have already declared November 11 to be a legal holiday: Therefore be it Resolved by the Senate (the House of Representatives concurring), that the President of the United States is requested to issue a proclamation calling upon the officials to display the flag of the United States on all Government buildings on November 11 and inviting the people of the United States to observe the day in schools and churches, or other suitable places, with appropriate ceremonies of friendly relations with all other peoples.

An Act (52 Stat. 351; 5 U. S. Code, Sec. 87a) approved May 13, 1938, made the 11th of November in each year a legal holiday-a day to be dedicated to the cause of world peace and to be thereafter celebrated and known as "Armistice Day." Armistice Day was primarily a day set aside to honor veterans of World War I, but in 1954, after World War II had required the greatest mobilization of soldiers, sailors, Marines and airmen in the Nation's history; after American forces had fought aggression in Korea, the 83rd Congress, at the urging of the veterans service organizations, amended the Act of 1938 by striking out the word "Armistice" and inserting in its place the word "Veterans." With the approval of this legislation (Public Law 380) on June 1, 1954, November 11th became a day to honor American veterans of all wars.

Later that same year, on October 8th, President Dwight D. Eisenhower issued the first "Veterans Day Proclamation" which stated: "In order to insure proper and widespread observance of this anniversary, all veterans, all veterans' organizations, and the entire citizenry will wish to join hands in the common purpose. Toward this end, I am designating the Administrator of Veterans' Affairs as Chairman of a Veterans Day National Committee, which shall include such other persons as the Chairman may select, and which will coordinate at the national level necessary planning for the observance. I am also requesting the heads of all departments and agencies of the Executive branch of the Government to assist the National Committee in every way possible."

Wayne Richards, Arthur J. Connell, John T. Nation, Edward Rees, Richard L. Trombla, Howard W. Watts

On that same day, President Eisenhower sent a letter to the Honorable Harvey V. Higley, Administrator of Veterans' Affairs (VA), designating him as Chairman of the Veterans Day National Committee.

In 1958, the White House advised VA's General Counsel that the 1954 designation of the VA Administrator as Chairman of the Veterans Day National Committee applied to all subsequent VA Administrators. Since March 1989 when VA was elevated to a cabinet level department, the Secretary of Veterans Affairs has served as the committee's chairman.

The Uniform Holiday Bill (Public Law 90-363 (82 Stat. 250)) was signed on June 28, 1968, and was intended to ensure three-day weekends for Federal employees by celebrating four national holidays on Mondays: Washington's Birthday, Memorial Day, Veterans Day, and Columbus Day. It was thought that these extended weekends would encourage travel, recreational and cultural activities and stimulate greater industrial and commercial production. Many states did not agree with this decision and continued to celebrate the holidays on their original dates.

The first Veterans Day under the new law was observed with much confusion on October 25, 1971. It was quite apparent that the commemoration of this day was a matter of historic and patriotic significance to a great number of our citizens, and so on September 20th, 1975, President Gerald R. Ford signed Public Law 94-97 (89 Stat. 479), which returned the annual observance of Veterans Day to its original date of November 11, beginning in 1978. This action supported the desires of the overwhelming majority of state legislatures, all major veterans service organizations and the American people.

Veterans Day continues to be observed on November 11, regardless of what day of the week on which it falls. The restoration of the observance of Veterans Day to November 11 not only preserves the historical significance of the date, but helps focus attention on the important purpose of Veterans Day: A celebration to honor America's veterans for their patriotism, love of country, and willingness to serve and sacrifice for the common good

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

Lake Arrowhead ~ Business Profile Bent Willow aka Wildflowers

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Tue, 10 Nov 2009 13:41:00 -0600

I wanted to take a moment and update on this wonderful business...

The owner of Wildflowers here in Lake Arrowhead, has recently had a great change happen. Karen Citro, owner of Bent Willow, formerly Wildflowers has moved to Agua Fria from the Lake Arrowhead Village.

If your looking for your favorite flower shop you wont have to go far. The new flower shop is located in a great location, easy access and the same wonderful quality and customer service we have experienced over the years. They have opened under the name "Bent Willow" and located in the Agua Fria Hardware Store and Gift Shop.

I know that I will be browsing through and ordering arrangements, remember the wonderful jewerly they carry too...

I think they have made a great move to the new location and I know they will have many years of success.

Stop in and show your support for this great local merchant ~ 26890 Highway 189 in Agua Fria, at the Agua Fria Hardware Store.

Hours are Monday ~ Saturday 10AM-5PM and don't forget the gift shop is open on Sunday from 10AM-3PM and there will be pre-made arrangements from Bent Willow on Sunday's ready to go.

Give them a call at 909-337-1713

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

Lake Arrowhead ~ Top Home Pick of the week 11-05-2009

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Thu, 05 Nov 2009 15:43:03 -0600

Ok everyone here are the top picks of the week for this weeks Broker tour...

Step up and buy the Lake Arrowhead Lifestyle

415 Dolly Varden ~ Listed by CBSRR (WB)~ $599,000 ~ Newer construction, near Village, 3 bedrooms, 2.5 baths, shows like a model.
474 Merrimack ~ Listed by CBSRR (VS) ~ Great home in great area, 3 bedrooms, 2.5 baths, dual access
549 Sutter Lane ~ Listed by CBSRR ~ $519,000 ~ Golf course views from this home, 3 bedrooms, 2.5 baths, newer construction
151 St Andrews ~ Listed by CBSRR ~ $299,999 ~ Near the summit area of Lake Arrowhead, great price for lake rights, 3 bedrooms, 2.5 baths
191 S. Fairway ~ Listed by CBSRR ~ $839,000 ~ Golf course frontage home, great entertaining home with golf cart garage off access road to get you out on the course. 4 bed, 3 baths.

That's it for this week... for more information on ALL available homes in Lake Arrowhead please give us a call.

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

LAKE ARROWHEAD RESORT ~ A "HOUSE" PARTY

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Thu, 05 Nov 2009 15:30:38 -0600

JOIN The Lake Arrowhead Resort ~

Come and join in on the fun... The "HOUSE" Party

Monday Night November 9th at the Lake Arrowhead Resort.

Join in the Lobby and Bin 189 to watch the episode of "HOUSE" filmed at the Resort this past summer.
The Lake Arrowhead Resort ~

Come and join in on the fun... The "HOUSE" Party

Monday Night November 9th at the Lake Arrowhead Resort.

Join in the Lobby and Bin 189 to watch the episode of "HOUSE" filmed at the Resort this past summer.

Free Hors d' Oeuvres from 7:00-10:00PM ~ 25% off Beverages

Log on to their website for more information www.laresort.com
Free Hors d' Oeuvres from 7:00-10:00PM ~ 25% off Beverages

LOCATION ~ THE HEART OF LAKE ARROWHEAD ON HWY 189 IN THE LAKE ARROWHEAD VILLAGE, LAKE ARROWHEAD CALIFORNIA

Log on to their website for more information www.laresort.com

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

Lake Arrowhead ~ Top House Pick of the Week 10-29-2009

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Wed, 04 Nov 2009 12:32:34 -0600

As October came to an end, I do have the top new listings for the last week of October.

247 Squirrel ~ $639,000 ~ Listed by CBSRR ~ This home sits on a half acre lot, 4 bedrooms, 3.5 baths, family room, formal living room, granite counters in kitchen, RV parking, 2 car garage.
843 Grass Valley Road ~ $329,000 ~ Listed by CBSRR ~ 3 bedrooms, 2 baths, family room, 2 car garage, front landscaped. Short sale with very easy to work with bank.
686 San Benito ~ $332,500 ~ Listed by CBSRR ~ 3 bedrooms,2 baths, located near the golf course.
26397 Walnut Hills ~ $398,000 ~ Listed by CBSRR ~ 4 bedroom, 3 baths, large home and well cared for, great price for the neighborhood.

That's it folks. Call our team for any other information or a different list of homes, we are happy to provide all of your real estate needs.

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

Lake Arrowhead Business Profile ~ Ice Castle

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Wed, 04 Nov 2009 12:06:55 -0600

The winter months are setting in and inside sports are going to be pretty appealing. I was at the gym this morning and saw a flyer from the Ice Castle here in Lake Arrowhead. If you aren't familiar with the Ice Castle let me let you in on a great well known secret here in Lake Arrowhead. Known for training world famous Ice Skaters, such as Michelle Kwan and many others.

Well they have a treat for the Ice Skaters out there... public skate sessions are in full swing.

Monday ~ Friday from 4:30PM - 6:00PM

Saturday hours are 12:30 - 2:00 and 2:30-4:30

Sunday hours are 12:00-2:00PM

Cost is just $8 and skate rental is $2

Call for more details at 909-337-0802 or visit their website at www.IceCastle.us

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

New Listing 549 Sutter Lane ~ Lake Arrowhead

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Mon, 02 Nov 2009 18:54:17 -0600

Kim Kelley | Coldwell Banker Sky Ridge Realty | 909-336-7949

Sutter Lane, Lake Arrowhead, CA

GORGEOUS GOLF COURSE VIEW HOME ~ LIVE THE LAKE ARROWHEAD LIFESTYLE

3BR/2.5BA Single Family House

offered at $519,000

Year Built	2008
Sq Footage	2,750
Bedrooms	3
Bathrooms	2 full, 1 partial
Floors	2
Parking	2 Car garage
Lot Size	11,036 sqft
HOA/Maint	$0 per month

DESCRIPTION

THIS IS THE ONE YOU ARE LOOKING FOR. GOLF COURSE VIEW HOME NEAR THE LAKE ARROWHEAD COUNTRY CLUB. LEVEL ENTRY INTO THIS NEWER CONSTRUCTION HOME, GREAT ROOM, BEAMED CEILING ACCENTS, GOURMET KITCHEN, LARGE ENTERTAINING DECK OFF LIVING ROOM/GREAT ROOM. SPLIT GRANITE FIREPLACE, 3 BEDROOMS, 2.5 BATHS, FAMILY ROOM, MASTER WITH PRIVATE BALCONY, FIREPLACE AND MASTER BATH WITH WALK IN CLOSET. THIS HOME COULD COME FURNISHED, CALL TODAY FOR YOUR PRIVATE TOUR AND START LIVING THE LAKE ARROWHEAD LIFESTYLE TODAY!

see additional photos below

PROPERTY FEATURES

- Central heat	- Fireplace	- High/Vaulted ceiling
- Walk-in closet	- Hardwood floor	- Family room
- Living room	- Dishwasher	- Granite countertop
- Laundry area - inside	- Balcony, Deck, or Patio

COMMUNITY FEATURES

- Garage parking

- Golf course

- Lake

OTHER SPECIAL FEATURES

- NEWER CONSTRUCTION ~ CUSTOM BUILT

ADDITIONAL PHOTOS

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Photo 3	Photo 1
Photo 1

Contact info:

Kim Kelley

Coldwell Banker Sky Ridge Realty

909-336-7949

For sale by agent/broker

Posted: Nov 2, 2009, 2:46pm PST

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

Lake Arrowhead Business Profile ~ Mile High Marine Storage & Service

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Tue, 27 Oct 2009 15:16:33 -0500

It is that time of year again... The boats are coming off the lake, the weather is getting cooler, where should you take your boat for storage?

Mile High Marine Storage and Service

Indoor storage for 350 boats

Fire Sprinklers
Summer Trailer Storage
Pick up and Delivery from your dock
Complete Winter Storage Service
Outside Storage and Shrink Wrap Available

Full Boat Service

Authorized & Factory trained Certified Mechanics
Summerizing & Winterizing
Engine Rebuilding, Classic Boats & High Performance Needs
Parts, Accessories & Audio Installation
Covers, Canvas, Upholstery Repair, Replace

Location ~ 29163 Hook Creek Road in Cedar Glen ~ 909-337-4460

Give them a call today and tell them you read it on the blog.

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

Lake Arrowhead New Listing ~ 247 Squirrel Drive ~

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Mon, 26 Oct 2009 18:06:24 -0500

Kim Kelley | Coldwell Banker Sky Ridge Realty | 909-336-7949

Squirrel Drive, Lake Arrowhead, CA

Stunning Executive Home, Nearly Half an Acre, Exclusive Summit Area of Lake Arrowhead ~ Lake Rights ~

4BR/3.5BA Single Family House

offered at $639,000

Year Built	1992
Sq Footage	2,771
Bedrooms	4
Bathrooms	3 full, 1 partial
Floors	3
Parking	4+ Car garage
Lot Size	19,250 sqft
HOA/Maint	$0 per month

DESCRIPTION

see additional photos below

PROPERTY FEATURES

- Central heat	- Fireplace	- Walk-in closet
- Hardwood floor	- Family room	- Living room
- Dining room	- Breakfast nook	- Dishwasher
- Refrigerator	- Stove/Oven	- Microwave
- Granite countertop	- Basement	- Washer
- Dryer	- Laundry area - inside	- Balcony, Deck, or Patio
- Yard

COMMUNITY FEATURES

- Golf course

- Lake

OTHER SPECIAL FEATURES

- Lake Arrowhead Lifestyle at it's Finest!

- Huge Yard, RV Parking, Level Entry

- Close to Country Club

ADDITIONAL PHOTOS

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Photo 1	Photo 1
Photo 2

Contact info:

Kim Kelley

Coldwell Banker Sky Ridge Realty

909-336-7949

For sale by agent/broker

Posted: Oct 26, 2009, 2:57pm PDT

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

Lake Arrowhead Winterizing Your Home

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Sat, 24 Oct 2009 10:14:17 -0500

IT IS THAT TIME OF YEAR AGAIN. WE ARE EXPERIENCING OUR WONDERFUL FALL SEASON, BUT WINTER IS JUST AROUND THE CORNER. CHECK THOSE PIPES AND MAKE SURE THE ARE WELL PROTECTED. IF YOU ARE A SECOND HOME OWNER YOU NEED TO UNDERSTAND HOW TO WINTERIZE YOUR HOME. THEIR ARE MANY LOCAL PLUMBERS THAT CAN SET UP A QUICK WAY TO SHUT OFF THE WATER. GIVE ME A CALL FOR A PLUMBING REFERRAL.

CHECK OUT THESE TIPS ON WINTERIZING YOUR VACATION HOME

Here's How:

Clean your vacation home's gutters so that rain water drains away from the house quickly.
Pruning tree limbs that hang over your home or nearby utility lines can help lessen damage during winter wind and ice storms.
Drain water from all outside hoses. Cover all outside faucets with insulation if you'll be away from your vacation home during cold months.
Close the swimming pool or hire a professional to do it.
If you can reach it safely, disconnect your home's small satellite dish and store it indoors.
Store lawn furniture, grills, tools, and other items inside. If that isn't possible, cover with plastic and secure them in a protected location.
Clean your vacation home's refrigerator thoroughly. Unplug it, and prop the door open. Unplug other appliances.
Turn off water at the main line, even if your vacation home is in a warm climate. No one will be home to find plumbing leaks.
If your vacation home will be empty during cold months, hire a professional to winterize the plumbing.
Turn off your home's propane or natural gas. Get help from a professional if you aren't sure what to do.
Make arrangements to continue pest inspections and pest treatments if necessary.
Turn off the home's electrical power at the main breaker.
Notify the Postal Service to forward your mail. Stop newspaper delivery.

Tips:

Screen-covered gutters are a good investment if your vacation home is in an area near falling leaves or pine needles.
If humidity is high, it might be best to leave the furnace or air conditioning on while you are away, to discourage mildew and odors. Talk with others who leave for the season, to see what's worked best for them.
Find someone who will drop by your vacation retreat occasionally to make sure it is secure. Be sure they know how to reach you.

FOR INFORMATION OR PHONE NUMBERS TO REPAIRMEN IN OUR AREA PLEASE FEEL FREE TO CONTACT ME

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

http://activerain.com/blogsview/1301134/lake-arrowhead-winterizing-your-home

Lake Arrowhead WATER DISTRICT~ Be Water Wise OCTOBER 15th

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Sat, 24 Oct 2009 10:08:11 -0500

REMINDER TO ALL LAKE ARROWHEAD COMMUNITY SERVICES DISTRICT CUSTOMERS

OCTOBER 15 ENDED IRRIGATION SEASON... MAKE SURE YOU :

TURN OFF ALL TIMED IRRIGATION
WINTERIZE IRRIGATION SYSTEM
INSTALL A CUSTOMER SHUT OFF VALVE
PROTECT LINES FROM FREEZING

LOG ON TO LACSD WEBSITE FOR MONEY SAVING TIPS ON YOUR WATER BILL

WWW.LAKEARROWHEADCSD.COM

CHECK OUT MY BLOG ON WINTERIZING YOUR HOME

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

Lake Arrowhead ~ Top House Pick of the Week 10-22-09

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Sat, 24 Oct 2009 09:54:18 -0500

Broker Tour on Thursday proved to be another great week with new listings. But, I narrow it down to the top five buys, so here you go.

141 Rocky Point Way ~ Listed by CBSRR Inc ~ $500,000 ~ This is a lake front property, way under market for a lake front, it is a short sale on the second, if you have the patience then this is the lake front for you. Architectually unique.
915 Shelter Cove ~ Listed by CBSRR Inc ~ $995,000 ~ Now you might think this isn't a great buy by the price, but if you are looking for gated property with land in a very exclusive area this is it. Located behind the gates of Shelter Cove, this home is well priced. Fabulous floor plan, land, and a dock.
27526 West Shore Rd. ~ Listed by CBSRR Inc ~ $579,000 ~ 3 bedrooms, 3 baths, this is a first tier home across from the lake, with a dock included, this is an awesome buy.
27197 Bernina~ Listed by CBSRR Inc ~ $269,900 ~ Great price for lake rights for a lot of house, level entry. 3 bedrooms, 2 baths.
1963 Knob Hill ~ Listed by CBSRR Inc ~ $299,000 ~ Now this one is located in Running Springs, but worth mentioning. Gorgeous remodel with stunning views, and great location in Running Springs.

That's it for this week. Give me a call for additional properties.

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

LAKE ARROWHEAD ~ GOLF COURSE HOMES

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Thu, 22 Oct 2009 17:04:13 -0500

ARE YOU A GOLFER? WANT A HOME ON THE GOLF COURSE?

LAKE ARROWHEAD COUNTRY CLUB'S GOLF COURSE IS ONE OF THE FINEST IN CALIFORNIA.

THE COUNTRY CLUB IS A PRIVATE CLUB BUT WELL WORTH WHAT YOU GET IN RETURN.

With that being said, I couldn't imagine being a golfer and not wanting to live on this course. Imagine driving your golf cart right up to the club and playing a round with your buddies. Enjoying dinner in the dining room with the family. Hanging at the pool with the kids. This is the GOLFER LIFESTYLE~

There are currently 8 homes that fronts the golf course. Homes are being offered at $379,000 ~ $2,990,000.

For a Golf Course view, there are currently 9 Homes on the market. Prices ranging from $327,000 ~ $599,000 ~ Some have spectacular views, some a slight view, but still just a short ride to the Country Club.

For a better idea of what is available please contact our team. We can arrange a tour of the Country Club and a tour of these or other fine properties available.

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

Local Night Dinner ~ UCLA Thursday October 22, 2009

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Tue, 20 Oct 2009 19:01:17 -0500

Come out and enjoy a Locals Night out at the UCLA conference Center.

UCLA is again hosting a fine event .

Thursday October 22, 2009

UCLA Conference Center 850 Willow Creek Road ~ Lake Arrowhead

Call for more info 909-337-8200

There will be a four course dinner followed by their guest speaker. This is a great way to get out and be a part of the local community and show your support.

Cost is $30 for adults and $15 for children 12 and under. Tickets are not sold at the door, so make sure to get your tickets today. Betty's General Store is also selling them.

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

Lake Arrowhead in the Fall 2009

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Tue, 20 Oct 2009 16:50:00 -0500

Rich and I took a cruise out on the boat late Sunday afternoon. It was a great day to capture the beauty that fall brings to Lake Arrowhead. We snapped shots from the lake in the various listed areas. Does it get better than this in Lake Arrowhead? No, I say.

Winter Harbor
Hamiltair
The Lake Arrowhead Village
Orchard Bay
Palisades/John Muir
Meadow Bay

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell

Lake Arrowhead ~ 1031 Exchange

Kim Kelley, Realtor DRE#01412099 (Coldwell Banker Sky Ridge Realty) — Sun, 18 Oct 2009 10:56:53 -0500

Lake Arrowhead is a great vacation destination and so close in Southern California. There is no better time than to invest in your family and the future than now in Lake Arrowhead. Invest in your Legacy. A 1031 exchange is a smart move. Take that far away vacation getaway or rental property and sell it and re-invest in Lake Arrowhead. Here are some helpful tips on a 1031 Exchange, some Q & A to get you started. Give me a call and I would be happy to lead you further into this great opprotunity.

1031 Exchanges... advantages, especially for the Baby Boomers looking for a way to transition into a retirement home and make it their dream home later on.

Q - What is a tax-deferred exchange?

In a typical transaction, the property owner is taxed on any gain realized from the sale. However, through a Section 1031 Exchange, the tax on the gain is deferred until some future date.
Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment. A tax-deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of "like-kind", while deferring the payment of federal income taxes and some state taxes on the transaction.
The theory behind Section 1031 is that when a property owner has reinvested the sale proceeds into another property, the economic gain has not been realized in a way that generates funds to pay any tax. In other words, the taxpayer's investment is still the same, only the form has changed (e.g. vacant land exchanged for apartment building). Therefore, it would be unfair to force the taxpayer to pay tax on a "paper" gain.
The like-kind exchange under Section 1031 is tax-deferred, not tax-free. When the replacement property is ultimately sold (not as part of another exchange), the original deferred gain, plus any additional gain realized since the purchase of the replacement property, is subject to tax.

Q - What are the benefits of exchanging v. selling?

A Section 1031 exchange is one of the few techniques available to postpone or potentially eliminate taxes due on the sale of qualifying properties.
By deferring the tax, you have more money available to invest in another property. In effect, you receive an interest free loan from the federal government, in the amount you would have paid in taxes.
Any gain from depreciation recapture is postponed.
You can acquire and dispose of properties to reallocate your investment portfolio without paying tax on any gain.

Q - What are the different types of exchanges?

Simultaneous Exchange: The exchange of the relinquished property for the replacement property occurs at the same time.
Delayed Exchange: This is the most common type of exchange. A Delayed Exchange occurs when there is a time gap between the transfer of the Relinquished Property and the acquisition of the Replacement Property. A Delayed Exchange is subject to strict time limits, which are set forth in the Treasury Regulations.
Build-to-Suit (Improvement or Construction) Exchange: This technique allows the taxpayer to build on, or make improvements to, the replacement property, using the exchange proceeds.
Reverse Exchange: A situation where the replacement property is acquired prior to transferring the relinquished property. The IRS has offered a safe harbor for reverse exchanges, as outlined in Rev. Proc. 2000-37, effective September 15, 2000. These transactions are sometimes referred to as "parking arrangements" and may also be structured in ways which are outside the safe harbor.
Personal Property Exchange: Exchanges are not limited to real property. Personal property can also be exchanged for other personal property of like-kind or like-class.

Q - What are the requirements for a valid exchange?

Qualifying Property - Certain types of property are specifically excluded from Section 1031 treatment: property held primarily for sale; inventories; stocks, bonds or notes; other securities or evidences of indebtedness; interests in a partnership; certificates of trusts or beneficial interest; and choses in action. In general, if property is not specifically excluded, it can qualify for tax-deferred treatment.
Proper Purpose - Both the relinquished property and replacement property must be held for productive use in a trade or business or for investment. Property acquired for immediate resale will not qualify. The taxpayer's personal residence will not qualify.
Like Kind - Replacement property acquired in an exchange must be "like-kind" to the property being relinquished. All qualifying real property located in the United States is like-kind. Personal property that is relinquished must be either like-kind or like-class to the personal property which is acquired. Property located outside the United States is not like-kind to property located in the United States.
Exchange Requirement - The relinquished property must be exchanged for other property, rather than sold for cash and using the proceeds to buy the replacement property. Most deferred exchanges are facilitated by Qualified Intermediaries, who assist the taxpayer in meeting the requirements of Section 1031.

Q - What are the general guidelines to follow in order for a taxpayer to defer all the taxable gain?

The value of the replacement property must be equal to or greater than the value of the relinquished property.
The equity in the replacement property must be equal to or greater than the equity in the relinquished property.
The debt on the replacement property must be equal to or greater than the debt on the relinquished property.
All of the net proceeds from the sale of the relinquished property must be used to acquire the replacement property.

Q - When can I take money out of the exchange account?

Once the money is deposited into an exchange account, funds can only be withdrawn in accordance with the Regulations. The taxpayer cannot receive any money until the exchange is complete. If you want to receive a portion of the proceeds in cash, this must be done before the funds are deposited with the Qualified Intermediary.

Q - Can the replacement property eventually be converted to the taxpayer's primary residence or a vacation home?

Yes, but the holding requirements of Section 1031 must be met prior to changing the primary use of the property. The IRS has no specific regulations on holding periods. However, many experts feel that to be on the safe side, the taxpayer should hold the replacement property for a proper use for a period of at least one year.If the owner later on wants to take advantage of the home owner's exemption (up to $250,000 or $500,000 for a couple), there is now a five year holding period requirement.

Q - What is a Qualified Intermediary (QI)?

A Qualified Intermediary is an independent party who facilitates tax-deferred exchanges pursuant to Section 1031 of the Internal Revenue Code. The QI cannot be the taxpayer or a disqualified person.
Acting under a written agreement with the taxpayer, the QI acquires the relinquished property and transfers it to the buyer.
The QI holds the sales proceeds, to prevent the taxpayer from having actual or constructive receipt of the funds.
Finally, the QI acquires the replacement property and transfers it to the taxpayer to complete the exchange within the appropriate time limits.

Q - Why is a Qualified Intermediary needed?

The exchange ends the moment the taxpayer has actual or constructive receipt (i.e. direct or indirect use or control) of the proceeds from the sale of the relinquished property. The use of a QI is a safe harbor established by the Treasury Regulations. If the taxpayer meets the requirements of this safe harbor, the IRS will not consider the taxpayer to be in receipt of the funds. The sale proceeds go directly to the QI, who holds them until they are needed to acquire the replacement property. The QI then delivers the funds directly to the closing agent.

Q - Can the taxpayer just sell the relinquished property and put the money in a separate bank account, only to be used for the purchase of the replacement property?

The IRS regulations are very clear. The taxpayer may not receive the proceeds or take constructive receipt of the funds in any way, without disqualifying the exchange.

Q - If the taxpayer has already signed a contract to sell the relinquished property, is it too late to start a tax-deferred exchange?

No, as long as the taxpayer has not transferred title, or the benefits and burdens of the relinquished property, she can still set up a tax-deferred Exchange. Once the closing occurs, it is too late to take advantage of a Section 1031 tax-deferred exchange (even if the taxpayer has not cashed the proceeds check).

Q - Does the Qualified Intermediary actually take title to the properties?

No, not in most situations. The IRS regulations allow the properties to be deeded directly between the parties, just as in a normal sale transaction. The taxpayer's interests in the property purchase and sale contracts are assigned to the QI. The QI then instructs the property owner to deed the property directly to the appropriate party (for the relinquished property, its buyer; for the replacement property, taxpayer).

Q - What are the time restrictions on completing a Section 1031 exchange?

A taxpayer has 45 days after the date that the relinquished property is transferred to properly identify potential replacement properties. The exchange must be completed by the date that is 180 days after the transfer of the relinquished property, or the due date of the taxpayer's federal tax return for the year in which the relinquished property was transferred, whichever is earlier. Thus, for a calendar year taxpayer, the exchange period may be cut short for any exchange that begins after October 17th. However, the taxpayer can get the full 180 days, by obtaining an extension of the due date for filing the tax return.

Q - What if the taxpayer cannot identify any replacement property within 45 days, or close on a replacement property before the end of the exchange period?

Unfortunately, there are no extensions available. If the taxpayer does not meet the time limits, the exchange will fail and the taxpayer will have to pay any taxes arising from the sale of the relinquished property, unless the IRS has expressly granted extensions in specified disaster area(s).

Q - Is there any limit to the number of properties that can be identified?

There are three rules that limit the number of properties that can be identified. The taxpayer must meet the requirements of at least one of these rules:
3-Property Rule: The taxpayer may identify up to 3 potential replacement properties, without regard to their value; or
200% Rule: Any number of properties may be identified, but their total value cannot exceed twice the value of the relinquished property, or
95% Rule: The taxpayer may identify as many properties as he wants, but before the end of the exchange period the taxpayer must acquire replacement properties with an aggregate fair market value equal to at least 95% of the aggregate fair market value of all the identified properties.

Q - What are the requirements to properly identify replacement property?

Potential replacement property must be identified in a writing, signed by the taxpayer, and delivered to a party to the exchange who is not considered a "disqualified person". A "disqualified" person is any one who has a relationship with the taxpayer that is so close that the person is presumed to be under the control of the taxpayer. Examples include blood relatives, and any person who is or has been the taxpayer's attorney, accountant, investment banker or real estate agent within the two years prior to the closing of the relinquished property. The identification cannot be made orally.

Q - Are Section 1031 Exchanges limited only to real estate?

No. Any property that is held for productive use in a trade or business, or for investment, may qualify for tax-deferred treatment under Section 1031. In fact, many exchanges are "multi-asset" exchanges, involving both real property and personal property.A multi-asset exchange involves both real and personal property. For example, the sale of a hotel will typically include the underlying land and buildings, as well as the furnishings and equipment. If the taxpayer wants to exchange the hotel for a similar property, he would exchange the land and buildings as one part of the exchange. The furnishings and equipment would be separated into groups of like-kind or like-class property, with the groups of relinquished property being exchanged for groups of replacement property.
Although the definition of like-kind is much narrower for personal property and business equipment, careful planning will allow the taxpayer to enjoy the benefits of an exchange for the entire relinquished property, not just for the real estate portion.

Q - What is a reverse exchange?

A reverse exchange, sometimes called a "parking arrangement," occurs when a taxpayer acquires a Replacement Property before disposing of their Relinquished Property. A "pure" reverse exchange, where the taxpayer owns both the Relinquished and Replacement properties at the same time, is not allowed. The actual acquisition of the "parked" property is done by an Exchange Accommodation Titleholder (EAT) or parking entity.

Q - Is a reverse exchange permissible?

Yes. Although the Treasury Regulations still do not apply to reverse exchanges, the IRS issued "safe harbor" guidelines for reverse exchanges on September 15th, 2000, in Revenue Procedure 2000-37. Compliance with the safe harbor creates certain presumptions that will enable the transaction to qualify for Section 1031 tax-deferred exchange treatment.

Q" a - How does reverse exchange work?

In a typical reverse (or "parking") exchange, the "Exchange Accommodation Titleholder" (EAT) takes title to ("parks") the replacement property and holds it until the taxpayer is able to sell the relinquished property. The taxpayer then exchanges with the EAT, who now owns the replacement property. An exchange structured within the safe harbor of Rev. Proc. 2000-37 cannot have a parking period that goes beyond 180 days.

Q - What happens if the exchange cannot be completed within 180 days?

If the reverse exchange period exceeds 180 days, then the exchange is outside the safe harbor of Rev. Proc. 2000-37. With careful planning, it is possible to structure a reverse exchange that will go beyond 180 days, but the taxpayer will lose the presumptions that accompany compliance with the safe harbor.

Q - Can the proceeds from the relinquished property be used to make improvements to the replacement property?

Yes. This is known as a Build-to-Suit or Construction or Improvement Exchange. It is similar in concept to a reverse exchange. The taxpayer is not permitted to build on property she already owns. Therefore, an unrelated party or parking entity must take title to the replacement property, make the improvements, and convey title to the taxpayer before the end of the exchange period.

Q- What is the difference between "realized" gain and "recognized" gain?

Realized gain is the increase in the taxpayer's economic position as a result of the exchange. In a sale, tax is paid on the realized gain. Recognized gain is the taxable gain. Recognized gain is the lesser of realized gain or the net boot received.

Q - What is Boot?

Boot is any property received by the taxpayer in the exchange which is not like-kind to the relinquished property. Boot is characterized as either "cash" boot or "mortgage" boot. Realized Gain is recognized to the extent of net boot received.

Q - What is Mortgage Boot?

Mortgage Boot consists of liabilities assumed or given up by the taxpayer. The taxpayer pays mortgage boot when he assumes or places debt on the replacement property. The taxpayer receives mortgage boot when he is relieved of debt on the replacement property. If the taxpayer does not acquire debt that is equal to or greater than the debt that was paid off, they are considered to be relieved of debt. The debt relief portion is taxable, unless offset when netted against other boot in the transaction.

Q - What is Cash Boot?

Cash Boot is any boot received by the taxpayer, other than mortgage boot. Cash boot may be in the form of money or other property.

Q - What are the boot "netting" rules?

Cash boot paid offsets cash boot received
Cash boot paid offsets mortgage boot received (debt relief)
Mortgage boot paid (debt assumed) offsets mortgage boot received
Mortgage boot paid does not offset cash boot received

Q - I bought the property as a single person and I would like to acquire the replacement property together with my spouse?

The most conservative way is to stay consistent and complete the exchange the same way it was started and to add the spouse after the completion of the exchange. An exception can be made if there is a lender requirement that the spouse has to be added in order to qualify for a loan. If an exchange is planned well ahead of time, another solution would be to add the spouse to the title of the currently held property. Timing should be discussed with the CPA.Q - I closed escrow on my first replacement property within the 45 day identificationperiod. Can I now identify three more properties within my 45 day identification period?If you are using the three property rule, the completed acquisition counts as one and you may identify only up to two additional properties. Q - How do I identify two different properties (or percentages of ownership through a TIC) covered by ONE purchase contract?If the properties could be sold separately at a later date, they should be identified as two properties.

Kim Kelley ~ DRE#01412099

For all your real estate needs turn to a professional Realtor, Kim Kelley.

Coldwell Banker Sky Ridge Realty ~ 27206 State Hwy 189 Blue Jay/Lake Arrowhead CA

Team Kelley ~ Sellers

Team member Rich Sellers DRE# 01148405

909-336-7949 Direct

909-725-1248 Cell