Originally posted on The Inman Team:
After an international bidding war, a Westside mansion often described as a French palace has changed hands for $102 million, making it the most expensive residential sale ever recorded in Southern California.
As is often the case with high-end properties, the identity of the trophy home’s unnamed buyer has been obscured behind layers of lawyers, agents and a limited liability company.
But the real estate equivalent of a bread crumb trail suggests that the purchaser of the opulent estate is onetime junk bond king Michael Milken, who has spent more than two decades devoted to philanthropic efforts since he pleaded guilty in 1990 to securities fraud.
The 50,000-square-foot residence was named Fleur de Lys by the seller, socialite Suzanne…
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List of FHA Approved Condos in Oakland
On 5/23/2011, there were 42 condominium buildings in Oakland that were approved by the FHA. As of April 1, 2014, there are only 15 FHA approved condominium buildings. Here is a list of those buildings that remain qualified for FHA financing which often allows a buyer to purchase with a lower down payment (though mortgage insurance is likely to be required):
1. 416 North Street, Oakland, CA 94609 (4 units)
2. 428 Alice Street, Oakland, CA 94607 (93 condos)
3. 5343 Broadway Terrace, Oakland, CA 94618 (Rockridge)
4. 55 Fairmount Avenue, Oakland, CA 94611 (51 units)
5. 245 Perkins Street, Oakland, CA 94610 (36 units “Cambridge House Condominiums”)
6. 5405 Carlton Street, Oakland, CA 94618 (17 units “Carlton View Condominiums”)
7. 590 El Dorado Avenue, Oakland, CA 94611 (47 units)
8. 655 12th Street, Oakland, CA 94607 (92 units “Landmark Place”)
9. 6261 Leona Avenue, Oakland 94605 (302 units “Monte Vista Villas”)
10. 1201 Pine Street, Oakland, CA 94607 (163 units “Pacific Cannery Lofts”)
11. 700 Canyon Oaks Drive, Oakland, CA 94605 (66 units “Ridgemont at Skyline”)
12. 440 38th Street, Oakland, CA 94609 (4 units, “Temescal Gardens”)
13. 373 4th Street, Oakland, CA (10 units “Pocket Lofts”)
14. 811 York Street, Oakland, CA 94610 (78 units “The York Towers”)
15. 3240 Peralta Street, Oakland, CA 94608 (28 units “West Clawson Lofts”)
It is possible for buildings not listed here to become FHA approved. There is a process to this but it can be achieved by using the right real estate broker and lender (and consent from the HOA). Please don’t hesitate to contact me should you be in need of our services.
Broker, Caldecott Properties
510.594.2400 x 222
Originally posted on The Inman Team:
San Pedro one of our local cities made it into this LA Times Article for Top Buyers Markets…
By Tim Logan | LA TIMES
As the busy spring real estate season gets into gear, sellers appear to have the upper hand across much of Southern California.
That’s the word from Zillow, the real estate data website that tracks housing markets nationwide. It released a report on the top 10 buyer’s and seller’s markets in the U.S. Wednesday morning, and Los Angeles made the list as the fourth-strongest market for sellers right now. Riverside ranked sixth.
A strong seller’s market, says Zillow, doesn’t necessarily mean its prices are soaring — and indeed median prices have been flat here in recent months — but rather quick sales, few price cuts, and homes selling at or above asking price. In buyer’s markets, sales are taking longer and price cuts are more common.
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Originally posted on CBS San Francisco:
Doug Carlson with the State Department of Water Resources said it’s a case of too little, too late, even if this last gasp of wet weather is expected to shower the area on and off for the next week or so.
“All of California’s major reservoirs are still far below their historic average and even further below their capacities. For instance, Lake Shasta, which is the state’s largest reservoir, is at 46 percent of capacity today and 58 percent of the historic average,” Carlson said.
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The data is grim across the board. Folsom Lake…
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