How much are property values rising in your area?  I'm hearing insane increases!!

I recently shared a Facebook post about the high level of activity in many parts of Los Angeles, that is causing a rapid increase in property values.  I shared that over the past 12 months, property values on average had went up 12-13% in Los Angeles.  They are projected to rise another 10-12% in the next 12 months also.  Low inventory levels and low interest rates are supporting these gains.

One of my fellow ActiveRain members shared that he has seen 13-17% gains PER MONTH for consecutive months in some of his areas!!

He had stated his concern for such rapid gains causing a collapse, and/or homeowners possibly mis-appropriating use of their equity and/or lines of credit, but I tend to disagree because lender guidelines have changed so much to be sure that people can actually afford their loan prior to funding it (hopefully!).

What are some of the property value increases you are seeing in your areas?

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Discover Surfwood Point in Pasadena CA

Built in 1988, Surfwood Point is located at the Southeast corner of Cordova and Wilson in the city of Pasadena with the address of 1097 Blanche Street.   This highly desirable and close-in location is just north of Caltech(California Institute of Technology) and three blocks from South Lake Avenue shopping, dining and entertainment.    I describe the architectural style of Surfwood Point as Contemporary Cape Cod and its 49 two level condominium homes offer two bedrooms in a variety of floor plans ranging from approximately 950 to over 1400 square footage with either two or two-and-one-half baths.    

Surfwood Point residents enjoy fireplaces and a great indoor-outdoor vibe(in many cases multiple patios/balconies) as well as in-unit laundry connections. Some homes boast soaring ceilings, clerestory windows and skylights.  Parking is in the subterranean parking garage accessed off Cordova Street.   The complex features a pool, spa and mature landscaping throughout.

Would you like to know more about Surfwood Point or any of the other exciting condominium or townhome opportunities in the city of Pasadena?   If you are a possible seller, buyer or just curious about Pasadena real estate, my name is Michael Jacobs and I am here to answer your questions and I am happy to answer your questions about Surfwood Point and anything Pasadena(and beyond) at 818.516.4393 cell or michaeljacobs@coldwellbanker.com

I'M So Grateful I Chose This Business-

How lucky am I ...

That I chose a business that I can "Taylor" to fit my needs, schedule and lifestyle.

That I can Choose Who I want to work with and serve

That I can Work as much or as little as I like

That I can manipulate the abundance that flows into my life

That I am exposed to so many new people and cultures

That I can make a real difference in the lives of the people I serve.

That even in America's troubled times, I still prosper.

That I can choose to work and operate on my terms.

How Luck am I....

I'm So grateful I chose this Business.

For additional information about this penthouse, please visit http://www.PradoOnLake.com. For information about Pasadena, California, please visit our Pasadena City Guide.

Prado on Lake Penthouse

840 Green Street #505, Pasadena, CA 91101 View Map

If you are looking for loft-style living in the center of Pasadena’s downtown and South Lake Avenue District, this penthouse is for you.

Modern, 2 story penthouse on the 5th and 6th floors of “Prado on Lake” with 2 bedrooms, a formal dining room, loft and 2 full baths.

This architectural condo offers an open floor plan, a huge balcony for alfresco dining and tremendous Pasadena city views.

Walls of glass create a bright and comfortable environment. Attention to detail is seen in the use of natural stones, wood flooring, and hand-picked stainless steel appliances.

A sleek kitchen with breakfast bar opens to a beautiful living room. Lower level offers a guest bedroom and a full bath with walk-in closet, as well as a dining room and a utility room with a washer & dryer.

Upstairs, a wonderful loft area has been designed for entertainment and takes advantage of the city views. A huge Master Suite with a built-in study is serviced by a walk-in closet and a bathroom with a shower stall and a tub.

Granite counters, beautiful fixtures, modern lighting reflect the clean and elegant architectural lines reserved for an upscale lifestyle in the heart of Pasadena.

Indulge your senses and see what Prado living is all about.

Offered for sale by Irina Netchaev, Pasadena Real Estate Agent

For a private showing, please call 626-627-7107

Details

Asking Price:

$795,000

MLS:

22131609

Sq. Feet:

1,886

Bedrooms:

2

Bathrooms:

2

# of Floors:

2

HOA/Maintenance Fees:

$400.84*

Garage Size:

2 spaces

Subdivision:

Prado on Lake

Year Built:

2006

Property Amenities

- Range/Oven
- Sink Disposal
- Full Refrigerator
- Microwave
- Washer/Dryer

- Dishwasher
- Balcony
- Central A/C
- Central Heat
- Office/den

- Granite Countertops
- Stainless steel appliances
- Laundry area - inside
- Loft
- 2 story ceilings

Community Amenities

- Garage Parking
- Covered parking
- Guest Parking
- Security Gate
- Secured Entry

- Swimming Pool(s)
- Fitness center
- Clubhouse
- Manager on-site
- Elevator

- High-speed Internet
- Internet Cafe
- Movie Theater
- Conference Rooms

Contact Info

Irina Netchaev
Broker Associate

Cell 626.627.7107
Dir 626.204.3340
Email | Website

All information is deemed reliable but is not guaranteed.

A new condo listing in Pasadena's South Lake Avenue District. For more information, please visit 160 South Hudson #410 website.

Sophisticated South Lake District Condo with Pasadena Views

160 South Hudson #410, Pasadena, CA 91101 View Map

Urban living at its best in the heart of tree-lined South Lake Avenue District. A luxurious lifestyle with restaurants and shops just an elevator ride away. This is a sophisticated, top floor unit with gorgeous Pasadena city views. Light and bright, this home is appointed with the finest details throughout - a gourmet kitchen with granite counter-tops, top-of-the-line appliances, breakfast bar, gas fireplace, an oversize bathroom with side by side washer & dryer (included in price), mirrored closet doors in the bedroom, 9-foot ceilings, recessed lighting, balcony and much more! High speed internet access, gym and outdoor spa are just some of the building amenities. To top it all off, this is the only 1 bedroom unit in the complex with TWO assigned parking spaces. Do not miss this one!

Details

Asking Price:

$339,900

MLS:

22134185

Sq. Feet:

688

Bedrooms:

1

Bathrooms:

1

# of Floors:

1

HOA/Maintenance Fees:

$359.46

Garage Size:

2 spaces

Year Built:

2004

Property Amenities

- Range/Oven
- Sink Disposal
- Full Refrigerator
- Microwave
- Washer/Dryer

- Dishwasher
- Fireplace
- Balcony
- Central A/C

- Central Heat
- Living room
- Granite Countertops
- Laundry area - inside

Community Amenities

- Garage Parking
- Security Gate
- Secured Entry

- Fitness center
- Sauna/Spa

- Elevator
- Concierge Service

Contact Info

Irina Netchaev
Broker Associate

Cell 626.627.7107
Dir 626.204.3340
Email | Website

All information is deemed reliable but is not guaranteed.

South Lake Avenue in Pasadena stretches from Colorado Boulevard at its northernmost end and winds all the way through Shoppers Lane before culminating at California Boulevard.  There's no longer a real lake near this 10 block shopping district packed with hundreds of shops, restaurants and offices.  The lake dried up long ago.

South Lake Avenue's rich shopping heritage was born in the late 1940s with a department store built to look and feel like a country club.   Bullocks, now Macy's (currently under construction though December 2008) became the foundation of South Lake Avenue's reputation as a cosmopolitan shopping destination.  More department stores followed, making the area one of Pasadena's finest shopping districts.

Today, antique English phone booths complete the district's European ambiance, where shoppers sample fresh lunch cuisine at the various open air eateries.  Shopping boutiques, European-style patio cafes and upscale business lofts polish off the chic setting.

Stores on South Lake Avenue run the gamut.  Mall-shopping big names like Macy's and Borders complement niche stores like Anthropologie and Rangoni Firenze Soes, where shoppers can find high-end Italian footwear.  The food here is the same way:  familiar favorites like Coffee & Lea Leaf, Starbucks and Pete's Coffee rub elbows with lesser-known but still delicious locales such as the original Corcodile Cafe and the Rose Tea Cottage, Pasadena's first English Tea House.

South Lake Avenue Pasadena real estate has been doing extremely well.  The luxurious condo complexes like The Prado, Pasadena Collection and the newly built exclusive residences at The Granite Park have been in demand by investors, corporate housing and consumers looking for a car-free urban living.

If you are ready to start your Pasadena home search, this website offers FREE MLS access and Pasadena real estate market reports to help you with your research.  Of course, please do not hesitate to call Irina at 626.627.7107 for personal assistance in finding the right home for you.

General description gathered from Pasadena Official Visitors Guide 2007/2008.

http://www.pasadenaviews.com/0043D5

A luxurious way of living is coming to Pasadena

This evening, I attended the grand opening of the Granite Park luxury private residence sales office in Pasadena.  Many Pasadena real estate agents visited the sales office to get an inside look at the urban living, luxury condos being built on the corner of Lake and California.

Pasadena's Granite Park will offer 71 exclusive private residences with two to three bedrooms.  Each one of these luxury Pasadena condos will have a large private terrace, some as large as 1,400 sq. ft.  Each luxury residence is unique and no two are alike.

These exclusive private residences will feature:

• Concierge Services with 24 hour security
• Viking Professional Series Appliances - and boy were they beautiful!
• Premium Kohler fixtures
• Secure Underground side-by-side Parking
• Irving Gill Inspired Architecture
• Dennis Hopper curated photography gallery in the lobby
• Lush & Evocative Old California Style Landscaping
• Private Walkways, Meditation Areas, and Gardens
• Resort-Style Pool & Spa
• Barbeque Area
• Putting Green

The model struck me as being very dramatic and spacioius.  Kitchen featured quartz countertops and stainless steel Viking appliances.  And, of course, this luxurious complex is centrally located in South Lake shopping district.

Prices have not been set yet, but I was told that the Pasadena buyers will need to pay somewhere between $1 million to over $2 million for one of these luxurious residences.

If you are interested in getting more information about reserving one of these luxury condos, please call me at                   626-627-7107            or email me at Irina@Irina4RealEstate.com and I will get you more information and set up a tour.