Why buying a Home is a Good idea

The general rule, homes appreciate about four or five percent a year. Some years will be more, and some less. The figure will vary from neighborhood to neighborhood, and region to region.

To some 5% may not seem like that much at first. Stocks (at times) appreciate much more, and you could easily earn over the same return with a very safe investment in treasury bills or bonds. But take a second look… Presumably, if you bought a $200,000 house, you did not pay cash for the home. Like most of us, you got a mortgage, too. Suppose you put as much as 20% down-which would be an investment of $40,000.

At an appreciation rate of 5% annually, a $200,000 home would increase in value $10,000 during the 1st year. That means you earned $10,000 with an investment of $40,000. Your annual “return on investment” would be a whopping twenty-five percent!

Of course, as a homeowner you are making mortgage payments an paying property taxes, along with a couple of other costs. However, since the interest on your mortgage and your property taxes are both tax deductible, the government is essentially subsidizing your home purchase.

Your rate of return when buying a home is higher than most any other investment you could make.

Income Tax Savings: because of income tax deductions, the government is subsidizing your purchase of a home. All of the interest and property taxes you pay in a given year can be deducted from your gross income to reduce your taxable income.

For example, assume your initial loan balance is $150,000 with an interest rate of eight percent. During the first year you would pay $9,969.27 in interest. if your first payment is January 1st, your taxable income would be almost $10,000 less-due to the IRS interest rate deduction.

Property taxes are deducted, too. Whatever property taxes you pay in a given year may also be deducted from your gross income, lowering your overall tax obligation.

1,500 Youth’s and their friends together for a Christian party and concert called House Party 3

The House Party is Back! We hope to bring 1,500 youth and their friends together for a Christian party and concert called House Party 3. There will be good grub, interactive games, speakers and—most importantly—3 awesome Christian bands. You can find all of this at the First Baptist Church of Los Angeles on July 19.

This first band, “Nautical Twilight” is young and energetic alternative rock band out of Texas. The second is a hip-hop group led by the original House Party architect, “JP”. After the dinner break, we return with the talented pop-punk group, “Safe Haven“. 

Youth Group? This event is designed with Los Angeles youth groups in mind. Get your tickets, have each of your youth invite a friend, and have some fun! Reserve your tickets today, seating is limited.

Got Talent? Are you an amazing hand clapper? Play a unique instrument? Got rhythm? We are searching for youth groups and individuals to show off their unique, God-given talents and try to win a $50 gift certificate.

Can You Help? We still need a lot of volunteers, so if you or your group is willing to help make this event possible, please contact us! Donations for this event will also be gladly accepted, as we trying to make it as affordable as possible.

  This event is sponsored in part by the American Baptist Churches of Los Angeles. The event will be held at the First Baptist Church of Los Angeles at 760 South Westmoreland Avenue, Los Angeles, California 90005

 The timeline for July 19: 4:00 pm - Event begins with first group: “Nautical Twighlight” (Alternative / Rock) , 4:30 pm - Intermission: Games, talent and first speaker, 5:00 pm - The second group goes on: “JP” (Hip-Hop), 5:30 pm - Intermission: Games, talent and main speakers, 6:00 pm - In-N-Out Burger®! Cash only; food service ends at 8 pm, 8:00 pm - The third music group: “Safe Haven” (Pop punk / Rock), 9:00 pm - All done!  Contact the First Baptist Church of Los Angeles at (213) 384-2151.  When you purchase your tickets you can elect receive them by mail ($4 extra) or you can pick them up when you arrive at the event. Any proceeds will be donated to a local charity called Hope-Net. You will receive more information as the event nears. 

THE “FUNTASTIC” VALLEY FAIR IN SANTA CLARITA TO OPEN JUNE 26

Big name entertainment and a host of new attractions highlight the 2008 Valley Fair in Santa Clarita, opening June 26-29 at Saugus Speedway, presented by the
State of California 51 st District Agricultural Association.
Headlining weekend shows are 70-80’s music icons Ambrosia (“You’re the Only Woman” )Saturday and country-pop singer Juice Newton (“Angel of The Morning”) on Sunday. Fleetwood Mac and Queen tribute bands are featured Friday and Lil Elmo & The Cosmos, Blowin’ Smoke R&B Horns and Journey
tribute band added attractions Saturday. Arlene Cole Band and a tribute to the Eagles are also featured on Sunday.
Special attractions include outrageous vehicles from MTV’s popular “Pimp My Ride” presented by Galpin Auto Sports. Crew members will be at the display on Saturday. Highlighting the new Family Fun Zone is the Bengal Tiger Show and Amazing Rainforest exotic animals. The unique entertaining and educational experience focuses on conservation and environmental awareness and is presented by husband and wife team Robert and Christy Mullen.
“Wild About Monkeys” hosted by animal trainer, Kevin Keith is also featured at the Family Fun Zone. When movie and TV producers need a performing baboon, chances are they will call Keith, who’s credits include such movies as “Evan Almighty.” Training Baboons is Keith’s specialty who believes baboons are by far the most socially intelligent primate.
Another fun zone attraction is the Russell Bros Family Circus headed by father and son Edward Russell and Stephen Michael. Now in it’s 46th year, the unique circus, features illusions, juggling, balancing, clowns, performing birds, acrobats and hand balancing.
Non-stop activities for children include the Inflatable obstacle course, electric go-cart races, tractor pulls, petting zoo and pony rides. Among activities for all ages are bungee jumping, a batting cage and the Game World Video Game Pavilion.  Visitor’s can also see the famed Budweiser Clydesdales horses, go on thrill rides at the giant carnival and see livestock and home arts exhibits.  
Rounding out the fair are over 100 vendor booths and international food courts. Special offers include free admission for children on Thursday and $5 for adults before 5pm Thursday and Friday, a $2 savings. Metrolink riders will be admitted for $5 each day with a ticket stub or pass. Metrolink’s Saugus
station is located directly across from Saugus Speedway.

The Valley Fair opens 4-10pm Thursday, 4-11pm Friday and noon-11pm Saturday and noon-10pm Sunday. Regular admission is $7 adults, $4 seniors and children 11 and under. Show times and other fair information is available on line at www.thevalleyfair.org 

San Fernando Valley Home Sales Rise for the Fourth Consecutive Month

In a sign that the local housing marketing is beginning to rebound, sales in the San Fernando Valley of existing single-family homes increased during April for the fourth consecutive month and posted the first year-to-year gain in 30 months, the Southland Regional Association of Realtors reported.

Not since September 2005 has the monthly total been higher than the prior year. The 547 sales closed by Realtors during April was up dramatically compared to April 2007 - 100 transactions or 22.4 percent higher.

The April total also was 31.5 percent above March and has climbed each month since January, gaining momentum as the traditional Spring home buying season gets underway and as lenders start writing loans again.  ‘There’s plenty of pent-up demand for homes, which will drive sales higher even as prices remain soft and the system continues to eliminate foreclosures and short-pays, which may take many months to work out completely,” said Mary Funk, president of the Southland Regional Association of Realtors. “Buyers are slowly awakening to the opportunities while lenders are gradually unveiling affordable loans.”

With the emphasis on single-family homes now that they are within reach of more people than at any time in many years, condominium resale activity has yet to pick up. Condo sales are coming slower not for lack of a wide selection, but because first-time buyers generally have a more difficult time coming up with a down payment and qualifying under today’s tougher loan restrictions. Condominium sales during April were down 16.6 percent from the prior year and off 3.3 percent from the March tally. Condo sales have yet to exceed prior year figures even though resale prices have been falling.

The condominium median price of $300,000 was down 24.1 percent from a year ago and off 4.8 percent from March. The condo median price peaked at the record high of $415,000 in February 2006, but have been trending downward since July of 2007 and started a more precipitous decline in November.  Single-family home prices hit the record high of $655,000 in June of last year but have been inching lower at a much slower pace than condos. Last month the median came in at $465,000, down 25.6 percent from the prior year and off 1.1 percent from March. That was only the second time in this cycle that the price decline was above 20 percent.

“It’s impossible to say where prices will settle until all foreclosures and short-pays are gone,” said Jim Link, the Association’s chief executive officer.  “But multiple factors argue against steep declines in single-family home prices:” Link said, “pent-up demand, an inventory that offers a good selection yet is not excessive, assistance for some beleaguered home owners that will keep more homes off the market, and a higher conforming loan limit, which makes jumbo loans affordable to a larger number of prospective buyers.”

The Association reported a total of 7,234 active listings at the end of April, up 34.0 percent from a year ago.  However, at the current pace of sales, the inventory represents a 10.4-month supply, clearly a buyers’ market, but significantly lower than the 15- and 16-month supply of recent months or the record high 23-month supply set in February 1993. During the height of the recent sellers’ market, inventory frequently dipped below a 1-month supply. A balanced market appears around the 5- to 6-month range.

“Anyone interested in buying a home who is waiting for prices to fall off a cliff most likely will miss what may well be a small window of opportunity to get into the market,” Link said. “More people can afford to buy a median priced home today than at any point in a decade, with one-third of families in Los Angeles County now earning enough to purchase an entry-level home.

I hope that trend continues for a long while,” Link said, “but as more people jump into the market, the faster the best opportunities will vanish.”  Pending escrows – a measure of future resale activity – suggest that April’s strong sales numbers likely will continue into summer. Open escrows, totaling 1,082 transaction, were down a modest 4.7 percent from a year ago, but increased on a month-to-month basis by 21.2 percent. April marked the first time in a year that the pending escrow total rose above the 1,000 benchmark.

“Has the market hit bottom? “No one can say with certainty where the market will be six months from now. But one thing is clear: right now, today, it is a buyers’ market.”

Selling in a Depressed Housing Market

By Joe DiPaola

California Sellers: the housing boom is over. This is a Buyer’s Market. You must be realistic in your expectations. You must be prepared for a difficult selling process.

The market focus is price. Correctly pricing is the most critical step now to selling your house. And that price is no longer based on your estimate of value—it is based on Buyer’s estimate of value. And, what you “need” to net out of a sale bears little or no relationship to whether it will sell.

If you want to sell your house, there are several steps that you are going to have to take which you will not like. Be prepared to take them.

1. Price to beat your competition. Do a radius search of all active listings within a certain radius (0.25 or 0.5 miles) of your house. That is your competition. The larger the inventory of active listings within that radius, then the lower your price will have to be to attract Buyers. For example, if there are 15 homes within that radius which approximate the features and specs of your home, you will need to be priced among the 3-5 lowest to get meaningful Buyer traffic. Your home needs to offer more, and be priced less, than most if not all of your competition. It’s about Buyers now–it’s not about you.

2. Stay ahead of your competition when it comes to price. Watch what the competition is doing. Your price can get stale, and you won’t know it unless you regularly check the competition. If price reductions by your competition take prices to new levels that are significantly lower that yours, then your Buyer traffic will disappear. You do not necessarily have to reduce your price to match the first big reduction. But if 25-30% of your competition reduces price, you need to reduce to stay competitive.

3. Offer concessions/credits. Most lenders will allow Sellers to offer up to 3% to Buyers at COE as credits for things like repairs, improvements, and/or non-recurring closing costs. Offer them. There are not as many Buyers in the market, and some of those Buyers may need closing assistance.

4. Lower your expectations with respect to Buyers. Buyers will be less qualified, offer less down payment, and demand more from Sellers. Be prepared for that. Do not automatically reject marginal buyers - instead, work with a marginal Buyer to help him/her qualify and purchase. Do not automatically reject contingent sales offers–instead, work with a contingent Buyer to give him/her an opportunity to sell and remove the contingency. Margiinal Buyers and contingent Buyers may ironically become “good” Buyers—because they are likely to try hard to suceed in the purchase, less likely to demand Seller concessions during escrow, and less likely to jump from escrow-to-escrow.

5. Except for painting, clean-up, basic repairs, and staging, do not spend money on alterations or additions. If you are getting ready to sell, make sure that your home is staged properly, is clean and presentable, and is freshly painted. But now is not the time to make alterations or additions, or to spend money on improvements that you always dreamed of making to your home. It’s better to give Buyers a credit at close of escrow (COE), or to drop the price the equivalent amount.

6. Be prepared to make concessions during escrow. In a Buyer’s Market, Buyers are much more likely to demand repairs or other concessions during escrow. Be prepared to negotiate, and to make repairs or give a credit.

7. Use a discount (1-1.5%), full-service realtor as your listing broker. While I am a discount broker, I am not telling you to use my service specifically. What I *am* telling you is that many times there is no difference in quality between a discount full-service broker and a traditional broker. The only difference is price. So, save yourself some commission money on the listing side.

8. Don’t be desperate; don’t buy into the notion that only the large, traditional brokerages have Buyers. If a large, traditional brokerage tells you that they have Buyers, and that they only show Buyers their own listings, then they have broken the law several ways. First, they have breached their fiduciary duty to their Buyers (if they even have any). Second, they have violated Department of Real Estate (DRE) rules. Third, they have committed a violation of the California Business and Professions Code. Brokers have a statutory and common law duty to show Buyers all possible listings which might fit the Buyer’s criteria. Brokers who use improper and illegal tactics to trap Sellers into listing with them are using a “pocket listing” strategy to try to “double-end” the deal. Remember, in a down-turning market, brokers have less sales, too—so they get more desperate to “double-end” each sale. Large, traditional brokers have certain things to offer Sellers—but use of illegal and improper tactics is not one of them.

9. Offer a healthy (2.5 to 3%) co-operating broker commission. Now is NOT the time to try to save on the co-operating (Buyer’s) broker commission. While I recommend that you save money on the listing (Seller’s) broker side, I do not recommend that you cut the co-operating (Buyer’s) broker commission. You need Buyers—and you want to encourage agents to bring them to you. Cutting the co-operating broker commission will only hurt your chances. Brokers are not supposed to look at the co-operating broker commission rate, and are supposed to show Buyers all properties that fit their buying criteria. But the sad reality is that some agents will steer Buyers away from listings where the co-operating broker rate is low, because it means less money for them.

In otherwords, I recommend using a discount, full-service broker on the listing (Seller’s) side, but to NOT cut the co-operating (Buyer’s) broker commission.

10. If given a choice, close escrow in the shortest time reasonably possible (i.e. 30 days) . If you have a 60 or 90 day escrow, then that’s 60 or 90 days during which prices can drop further, and during which Buyer can have a change of heart and try to jump escrow.

11. Be patient–your house will be on the market for quite a while. The average selling time is no longer 7-10 days—it is now 45-60 days, and getting longer. It will take patience and nerves of steel on your part to get through the process.

12. Don’t argue with Buyers over little things. Don’t argue about little things with Buyers–that’s being penny-wise but pound-foolish.

13. Don’t waste your money on newspaper ads or special promotions. Make sure that your property is correctly listed on the MLS, and that the listing is also populating to MLS secondary and IDX sites with full address. Put your listing on free classified internet sites with full address (Craigslist, Oodle, Trulia, etc.). But don’t spend money on traditional advertising (newspapers, magazines, etc.). Instead, price a little lower–every little bit helps.

14. If you are thinking about re-financing, then do so before you list. Some lenders will not re-finance a property that is currently being offered for sale on the MLS. Even if a lender will re-finance while the property is actively listed, doing so just “invites” a pre-payment penalty from the lender. So re-finance before you list. And, make sure that you have no pre-payment penalty.

If you are a prospective California Seller and would like further help or advice free of charge, then you can call me at (707) 693-0400. Please note that I respect other agents’ listings, and pursuant to Department of Real Estate rules I will not talk to a Seller in an existing listing contract.

Where is my contractor?

June 2008 (Palm Springs, Calif.) — An article in the Sunday, June 1, 2008, edition of the L.A. Times Real Estate section titled “Worker has no license? Be wary”, by Times Staff Writer Robert Lopez, tells the familiar story of a homeowner’s plight. In spite of taking a cautious approach when hiring a contractor to remodel her kitchen and dining room, she found herself in a predicament. Several months into the remodel, her contractor stopped showing up and leaving her floor ripped apart and electrical wiring in the attic unfinished. Now, more than three years after the contractor abandoned her job, she is still paying to fix things that weren’t done right. “It’s been one problem after another.”

Although the “contractor” she hired gave her his license number, that license had expired several years ago and didn’t even belong to the person/company she hired. When she went to the Contractors State License Board (CSLB) she found she was far from alone in her situation. Pamela Mares, a spokesperson from the CSLB is quoted in the article as saying “It’s safe to say that there are thousands of people out there breaking the law by contracting without a license.” And “There’s a lot of money out there, and they know it.”

The article states there is an estimated $10 billion annually spent on home remodeling and construction projects. In the fiscal year 2006-07 the agency received more than 15,000 complaints regarding contractors with 11,500 of those complaints being formally investigated resulting in 105 contractors referred to local prosecutors and 195 licenses being suspended

Hiring a contractor is a daunting task to even the savviest of homeowners. The California Real Estate Inspection Association (CREIA) urges homeowners to use prudence and hire the best, most reliable contractor you can find. Carefully check the contractor’s credentials and insurance and verify his/her track record with other customers.

Once you have selected a contractor there’s another safeguard you can employ to avoid an unpleasant ending. You can hire an independent, code certified, CREIA New Construction Specialist (CNCS) to periodically inspect the work as it progresses. Although this may appear redundant, since municipal inspectors inspect the work for code compliance along the way, municipal inspectors have many inspections each day and cannot devote the time to do a thorough inspection; significant defects are often not discovered. Additionally, it is uncommon for a municipal inspector to go under a building or in an attic.

Established in 1976, CREIA is the largest and oldest state inspection association in the country. CREIA inspectors must adhere to CREIA’s Code of Ethics and follow the Standards of Practice developed and maintained by the Association. Recognized by the State of California, these Standards of Practice are considered the source for Home Inspector Standard of Care by the real estate and legal communities.

CREIA is dedicated to consumer protection and education. To locate a qualified CREIA inspector near you click here or call CREIA at (800) 388-8443.

FHA Purchase with No Money Down, the DPA* Way - InvestClub for Woman

There is nothing quite like this opportunity out there… Imagine interviewing a real investor every week… Imagine all the different strategies that you can use.  Ever wonder what real investors are doing? Have you ever wanted to know the truth about a technique or a method without having to hear it from someone with a hidden agenda? Now is your chance to hear the truth.  Find out what works and what doesn’t work as our ladies share real life experiences, real life numbers and their honest opinions and strategies as it pertains to today’s market.  It will be like taking and investor out to lunch every week. Only you will really know the value of that.  So don’t miss out on this valuable opportunity. Sign up now and please spread the word! 

Are you looking for financial abundance through real estate? Do you seek a strong network of people to invest with? Are you tired of the same ol’ boys club month after month?
investCLUB for Women is the fastest growing, premier women’s real estate club in Orange County. Our mission is to create the next generation of financially independent women through real estate investing.   This club is for you if you are looking for a highly energetic, supportive and inspiring environment where women can get educated, make amazing connections, and find new opportunities for action in real estate. And…best of all, have fun while doing it!

Join us every month and help us create “herstory”. Click on our EVENTS-SPEAKERS tab for upcoming topics and listen to a sample of our unique and magical LOVE SEAT.  Meet women of all ages, backgrounds and levels of expertise. Bring your business cards and engage in “power networking”, share stories and learn from each other’s experiences. Come to listen and learn from world-class speakers! Surround yourself with like-minded women. Feel the positive energy and live fully!   

Iris Veneracion is the Director and Co-Founder of investCLUB for Women.
Iris Veneracion has over 9 years experience working in mortgage finance. In 2004, she decided to leave her “important” corporate job and go full time with real estate investing. In about 3 years, she managed to buy and sell over 43 properties. She started off her full time real estate career by doing rehabs in Orange County. Then she began investing out of state for “long term holds” and cashflow. She has invested in various areas such as CA, TX, OH, NY, IL, IN, NV, FL and GA and is constantly open to new opportunities. Iris believes in the “Power of Partnerships”. Iris admits that not all her investments have been perfect. She had some great hits and some painful setbacks - all the more reason why her experience is a gift for all those she encounters. She takes the real estate investing business very seriously and understands that best way to learn is by taking action. She enjoys being the director of the dynamic group at investCLUB for Women. She is looking for some powerful females interested in creating a partnership to purchase commercial properties.  

Get your ANNUAL MEMBERSHIPS now or pre-register for next month’s meeting by clicking the pre-register button below! 

 To your real estate success,    

Crunch turns back clock on mortgage lending

Reporting by Lisa Baertlein, Editing by Mary Mill
As U.S. banks mop up the mess from billions of dollars of bad home loans, buyers are finding the days of cheap money are over and, in many cases, tougher versions of old lending rules now apply.
People of modest means have seen the American dream of home ownership move further out of reach. Even affluent buyers, who took advantage the last decade’s low interest rates and looser lending standards to move up to more expensive homes or to buy investment properties, are seeing their options evaporate.
Gone are the days when almost anyone could get a loan with a down payment of less than the traditional 20 percent.
“The clock is rolled back about 20 years,” said Lou Barnes, co-owner of Colorado-based Boulder West Financial Services and publisher of Mortgage Credit News.
Such obstacles to obtaining a mortgage are among the factors keeping the depressed U.S. housing market from recovering, which in turn is having a dampening effect on the broader economy.
“You definitely need more money to buy a house than you did a few years ago,” said Guy Cecala, publisher of Inside Mortgage Finance. “The days of putting no money down are gone.”
Over the last decade, low interest rates, of between 5 and 6 percent, spurred a frenzy of competition and led to “exotic” loan products that made it possible for almost anyone to buy a house.
These days, lenders are balking at anything other than “plain vanilla” loans to would-be buyers with stellar credit histories, significant down payments and income that can be verified with government tax forms.
SKITTISH AFTER SUBPRIME COLLAPSE
Data from the last few years shows a rise in so-called “conventional/conforming” loans under the former Fannie Mae and Freddie Mac insured limit of $417,000.
According to Inside Mortgage Finance, such loans accounted for 35 percent of the total mortgage market in 2005 and were 48 percent of the market last year. During the same period, subprime loans — loans to poorly qualified borrowers — fell from 20 percent of the market to 7.8 percent.
Mortgage brokers say that those buyers who still qualify now face higher fees and interest expenses.
For example, interest rates on jumbo mortgages — or loans above $417,000 — remain higher than for other loans, despite a relatively low rate of default.
“The market is so skittish right now. (Lenders have) been so burned by their inability to understand the risk of subprime loans that they’re translating that to the rest of the market,” Cecala said.
Manny Torres, 38, is among the borrowers feeling the pain inflicted by new income and asset verification rules.
“Online, I see that banks are offering home equity loans at 5 percent,” said Torres, a freelance television camera operator who figured he’d have no problem refinancing his $100,000 home equity loan that is fixed at an interest rate of 8.75 percent.
After all, his Brooklyn, New York, house is valued $200,000 higher than its $600,000 purchase price, his credit risk is low and rent from the upstairs unit brings in $2,000 a month — more than half of his monthly mortgage payment.
But when Torres called banks, that 5 percent rate was not available. While he brings in about $85,000 to $100,000 per year, job and medical expenses knock his verifiable income down to around $70,000. Bankers said the lower number is now insufficient and wanted to see more assets to back the refinancing.  “It’s very frustrating that they’re being so tight about it,” said Torres.
EVEN THE WEALTHY SUFFER
Like many during the boom, Torres was able to take out a loan by just stating his income, rather than proving it. Those loans came to be known as “liar loans.”  As lenders have tightened up, they’ve knocked out some of the fraudulent borrowing but they are also squeezing people with irregular income flows, like business owners and commission-based workers.  “These are good (low-risk) loans that people are getting turned down on,” said Craig Van Skaik, a Beverly Hills, California, mortgage broker at Net Financial Group.  Van Skaik, who has a stable of wealthy clients, said he has been pinched as new rules prevent him from borrowing on the equity he has built up in the $6.2 million house he renovated.  The debt on the house totals about $3.5 million. He has ample assets and income, but he needs an out-of-fashion stated-income loan.  “I can’t get one dime out. I don’t like feeling like I’m trapped and I can’t tap equity,” said Van Skaik, who has listed the home and says that because of all the new hurdles, the best buyer is someone who can come in with an all-cash bid.  “I’ve done this for 22 years. I’ve never seen anything like what we’re experiencing now,” he said.

California home-price cuts end sales losing streak

Bargain hunters who bought foreclosed properties in April helped reverse a 30-month decline in homes sales and sent the median home price tumbling by 32 percent compared with a year ago, according to a report issued Tuesday by the CALIFORNIA ASSOCIATION OF REALTORS®. April 2008 home sales were 2.5 percent above the April 2007 level, but buyers looking for bargains were behind a $190,240 drop in the median price from $594,110 in April 2007 to $403,870 this April. The figures were heralded as good news for long-suffering first-time homebuyers.

By Copyright (c) 2008 CALIFORNIA ASSOCIATION OF REALT

!! Open House !! This Sunday

This 2 story Rancho Cascades house has great curb appeal, Gated 55′ RV, oversized garage and a dog run. This 4 Bedrooms 2 3/4 Bath home has an entertainers back yard. Pool, above ground spa ,bar and Waterfall. The large kitchen has plenty of cabinets with adjustable shelving including a breakfast bar. In keeping with the home’s ranch style decor, a double door entry. The huge master bedroom has a walk-in closet with separate tub & shower. Downstairs, a gas fireplace and french doors that open to a huge enclosed patio. This custom built home has it all and the property shows pride of ownership. Horse trails are nearby, as is Stetson Ranch Equestrian Park.

$799,000 4Beds, 3Baths - 2672 Sq. Ft. Lot size: 11016

13519 Bradley Avenue
Sylmar, CA 91342Contact: Knollwood Realty: <SKYPETMPTAG0/>
11854 Balboa Blvd.
Granada Hills CA 91344

To view or to add your events visit our Dreamcatcher online event calendars: http://dreamcatchercalendars.com/knollwoodrealty