Hundreds of homes to replace old downtown hospital in Escondido

Ever since Palomar Health decided to close its downtown Escondido campus in 2015, residents have speculated about what would happen to the 13.8-acre property that occupies a prominent spot in the city’s core.

On Monday, residents are invited to attend a meeting to learn about Integral Communities’ proposal to replace the old Palomar Medical Center with a mostly residential housing project.

The project calls for razing everything on the property and building 510 dwelling units and up to 12,000 square feet of commercial space. The proposal is not final and some details likely will change, city officials and the development firm said.

“The project is in the early planning stages and we are responding to comments from the city about its design and makeup,” said Ninia Hammond, a spokeswoman for Integral. “As we get into the infrastructure, grading, site design and product types, we are balancing what is saleable and marketable with construction and site constraints.”

To encourage high-density housing in the urban core, the property is zoned for 100 units per acre, meaning that, theoretically, if the buildings rose high enough and underground parking was constructed, more than 1,200 dwelling units could be built there. But the current plans submitted by Integral call for less than half that number based on what they think will sell best and not be cost-prohibitive to construct.

The “Palomar Heights” project includes three planning areas with a variety of multi-family housing and commercial components.

Residential units would range in size from 600 square feet to almost 2,000 square feet, with parking ranging from 0.70 spaces per dwelling unit to 2.25 spaces per unit.

About 900 surface-level parking spaces are proposed for the site, with additional street parking to be provided on Valley Boulevard.

Continue reading

Michigan Castle Once Owned by Rock Royalty Is This Week’s Most Popular Home

1. 22501 Beach St., St. Clair Shores, MI

Price: $499,000

Why it’s here: It’s a one-of-a-kind home with a place in rock history: the former home of Patti and Fred Smith. It also happens to be a fully remodeled beauty perched on a lovely canal-front location.

It was built in 1918, and the current owners have updated and improved the home without sacrificing one iota of its historic charm. It still has the original marble and granite floors throughout the main level, an original bookcase secret passage to a hidden wine cellar, and a rooftop terrace. The boathouse has been turned into a speakeasy entertainment space.

Fred “Sonic” Smith, a guitarist with the MC5, and Patti, a member of the Rock and Roll Hall of Fame, bought the home in 1980 and raised their two kids there. Patti sold it just after Fred’s death in 1994.

Their son, Jackson Smith, is the listing agent. As he told the Detroit News, “I feel really lucky that I had a chance—the owners were so nice—I had a chance to see them really turn it into something spectacular, because what they put into the home is far nicer physically than it ever was when I lived there.”

He added, “When I walk in there, it still looks like the same house I grew up in, but everything has been lovingly cared for. The house has the same life to it that I remember as a kid.”

Read the Rest Here

15 Ways I Can Help You Get Your Home Sold

The secret to a successful sale is the combination of unparalleled client services and good communication. That’s why I go the extra mile to make sure all my sellers profit from the services I offer.

When you list with me I will:

  1. Explain the services I provide.
  2. Conduct a comparative market analysis to zero in on your home’s value.
  3. Help you decide the price to set for your home and discuss fix-ups that will improve the value of your home.
  4. Estimate your home’s equity and discuss your future buying power.
  5. Review my selling strategy for your home.
  6. Review a moving timetable and assist with your next home purchase.
  7. Draw up the listing agreement spelling out the terms including price, listing period and commission.
  8. Place your home on the MLS database and internet real estate sites.
  9. Actively market your home to potential buyers and the most active real estate agents in the area.
  10. Advertise your home online.
  11. Pre-qualify potential buyers and show your home.
  12. Update you weekly on the progress of the sale and on market changes.
  13. Assist with negotiations and answer questions.
  14. Help with all paperwork.
  15. Coordinate closing details, inspections and appointments.

If you would like to talk to me about selling your home
call me directly at 760.476.9560 or email me via the contact tab.

Want to know the current value of your home?

What is my Home Worth

Millions of homes are underinsured against natural disasters as construction costs keep rising

  • The costs of labor and materials have risen significantly in the past two years and continue to rise, due to a construction labor shortage as well as new tariffs on materials.
  • If these increased costs are not factored into insurance coverage in disaster-prone areas, homeowners will be left with huge losses that could even resonate through the mortgage market.
  • If just 1% of the Southern California homes at risk were a complete loss in a wildfire, given the increase in reconstruction cost over the last two years (5.6%), the undervaluation would be $25 million.

Extreme weather, from floods to wildfires to high-category hurricanes, is causing ever more damage to neighborhoods. Now, new research shows that much of the nation’s housing stock may be underinsured against these disasters.

The cost of rebuilding has risen significantly in the past two years and continues to rise, due to a severe construction labor shortage as well as new tariffs on materials. If these increased costs are not factored regularly into insurance coverage in disaster-prone areas, homeowners will be left with huge losses that could even resonate through the mortgage market.

Read the Rest Here

The $17,000 ‘sweet spot’ you should know about before you sell your home

Open the door to bigger profits.

Home prices are on the rise, climbing another 3% year over year, according to S&P CoreLogic Case-Shiller 20-city home price index from February released this month. Still, that growth is slowing and some experts are predicting that we’re increasingly entering a buyer’s market.

And that means sellers who want to get a premium for their home may have to work for it. So MarketWatch dug into the research and asked experts what really moves the needle to get you a better-than-average price for your home. Here’s what we found.

Time it right. Don’t try to sell your home in winter, but do try to sell it in the spring. Sellers who sold their homes in June — meaning June was the sale date on the deed of the house, so they likely put the home on the market in spring — got 9.2% more than what their home was valued at, according to data released this month from real estate analytics firm ATTOM Data Solutions.

Sellers got a premium in other spring and summer months too: May (7.4%); July (7.3%); April (6.4 %); March (6.1%); August (5.8%); meanwhile December, January and October sellers got less than a 4% premium. ATTOM’s Chief Product Officer Todd Teta says that this is because demand is much higher in spring and summer in part because school is out and winter is over so people are out and about.

And research released this week by Realtor.com on the 50 top housing markets confirms that spring is the best time for listing a home. Indeed, homes listed in the first week of April got 14% more views, had 5% less competition and garnered 6% higher prices. ‘Based on early 2019 data, this could mean an extra $17,000 added to the list price for a typical listing priced just over $306,000 in early April,” the Realtor.com data found. “By listing during the week of March 31 – April 6, sellers are able to take advantage of a sweet spot in the season that offers high buyer demand, less competition, quick home sales, and strong prices,” the analysis revealed.

Pause before you renovate. While you might be tempted to put in a top-of-the-line kitchen or a fresh bathroom, most of the time you don’t recoup the costs of a big-time renovation when you sell, according to a study of 22 major renovations. Indeed, with the two renovations where you recoup the highest percentage of your costs — garage door renovation and manufactured stone veneers — you’re still out of pocket at least $100.

So if your house is in decent condition, you may be financially better off making smaller cosmetic updates that don’t cost much. “If the house has ‘good bones’ — which refers to items like structural integrity, a solid roof, well-functioning windows and sufficient HVAC (heating, ventilation and air conditioning) — then upgrading the FF&E [finishes, fixtures and equipment] may be very worthwhile,” says Justin Riordan, interior designer, architect and founder of the Portland-based home staging company Spade and Archer Design Agency. That might include “fresh interior paint, new carpeting, refinishing wood floors, replacing outdated countertops, painting cabinets, and installing new appliances and light fixtures. Recouping the cost of these items is easy provided the bones are good and the house is beautifully staged and presented to potential homebuyers.”

Read the Rest Here

Guide to Residential Styles

Every house has a style. Sometimes it has two or more; because of renovations and new, eclectic mixes, fitting a home into one specific category can be daunting or even impossible. Thankfully, there’s no need to memorize complicated architectural terminology. REALTOR® Magazine has compiled a convenient compendium of common styles. Delve in and learn to highlight the details that give a home character, history, and romance.

California Ranch

Ranch

Sometimes called the California ranch style, this home in the Modern family, originated there in 1930s. It emerged as one of the most popular American styles in the 1950s and 60s, when the automobile had replaced early 20th-century forms of transportation, such as streetcars.

Now mobile homebuyers could move to the suburbs into bigger homes on bigger lots. The style takes its cues from Spanish Colonial and Prairie and Craftsman homes, and is characterized by its one-story, pitched-roof construction, built-in garage, wood or brick exterior walls, sliding and picture windows, and sliding doors leading to patios.

See the other types of homes HERE.

9 Homes on the National Register of Historic Places for Sale Right Now

Quite a few homes have landed on the National Register of Historic Places thanks to notable past residents. Others make the list because of a legendary builder. Whatever the reason, each home on the register has been deemed worthy of preservation and protection—in the national interest.

Created in 1966, the National Register now includes more than 92,000 properties that are part of the fabric of the country’s shared heritage. Owners of such a special property must agree to certain limitations on how much of the structure can be changed, in order to preserve its historic value. Purchasing one means owning a piece of, and place in, American history.

If you’d like to be a steward of one of these historic residences, several are available as we speak. To aid your hunt, we’ve pinpointed nine homes on the National Register you can buy right now. Take a look, and step back in time—and into one of these lovely abodes.

See the homes Here

Phil Spector’s Infamous SoCal Chateau Is This Week’s Most Popular Home

A striking French-style chateau with a very complicated past is this week’s most popular home.

Built in 1925 by a French immigrant, Sylvester Dupuy, who was inspired by the grand French chateaus of his youth, the “Pyrenees Castle” stayed in Dupuy’s family for decades. After changing hands a couple of times, the distinctive home on a hill overlooking Alhambra, CA, was purchased by the music producer Phil Spector in 1998 for $1.1 million.

After a night out in 2003, Spector met Lana Clarkson and brought her back to the estate, where she was shot and killed. The music legend was convicted of her murder. During his trial in 2006, Spector met and married Rachelle Spector, who until recently was devoted to updating the mansion until her husband’s release.

“I won’t rest until my husband comes home to this house, where he belongs,” she said during her 2012 testimony against the city of Alhambra over a nearby construction project.

But that was then. Now Rachelle and Phil are in the midst of acontentious divorce, so the chateau is being sold and the proceeds split between the couple.

Rounding out this week’s list are a variety of incredible home remodels and an over-the-top Las Vegas mansion worthy of a second look. There’s also an impeccably maintained 1960s time capsule in Sacramento and two notable properties in Reno—one with a custom “Haunted Mansion” theme—generating plenty of clicks.

See the 10 homes here

Mortgage Rates Inch Up

Rates moved up slightly this week while mortgage applications decreased following last week’s jump in rates – indicating borrower sensitivity to changing mortgage rates. Despite the recent rise, we expect mortgage rates to remain low, in line with the low 10-year treasury yields, boosting homebuyer demand in the next few months.