Recently Los Angeles times published an article about Zillow Zestimates after Zillow’s CEO appeared on “CBS This Morning” addressing the ever popular conversation of home worth. http://www.latimes.com/business/realestate/la-fi-harney-20150208-story.html
Zillow is great because it demonstrates how no one, or computer program, can make an accurate estimate of a home’s value. So how does Zillow come up with its “Zestimate”? It uses public record of the home in question.
Although it knows the basics like how many beds and baths are on record, location, square footage and how much nearby properties have sold for, it has no idea you have traded carpet for solid walnut throughout, you transformed that closet called a bathroom into a home spa or your home is in one of the most desirable school districts in the area. ...
Yes, it’s tax season once again.
There are definitely tax deductions from owning a home. If you are a home owner, make sure you maximize the tax benefits of home ownership when you file your 1040. The U.S. tax code is designed to offer incentives to homeowners, and by taking advantage of these breaks, 1040-filing citizens can maximize their financial investment in homeownership. That said, everyone’s financial position is not the same so look to your tax professional for specific guidance for your personal situation.
A pristine enclave of about 450 homes once known as “the jewel in the hills”, Outpost Estates is bordered by Franklin Avenue to the south and Mullholland Drive to the north. Runyon Canyon borders it to the west and Cahuenga Boulevard to the east.
The neighborhood roughly covers 1.5 square miles. Charles E. Toberman acquired the land in the 1920s and envisioned the development as “one of the most exclusive and beautiful residential parks in the world”. He only permitted grand Spanish-style homes in the neighborhood and allotted ample space for each estate.
To advertise the luxurious development, Toberman built a towering neon sign with glowing, red letters that spelled Outpost, hoping to steal the spotlight from the neighboring Hollywoodland sign.
If you’d love to own a craftsman or Victorian property in Echo Park, there are a couple of Angelino Heights opportunities you might want to check out.
Angelino Heights is a Los Angeles Historic Preservation Overlay Zone, so you know that other historic homes around it will not be altered. No worries about a sky-high modern home popping up next door.
1031 W KENSINGTON RD is a craftsman duplex. Both units have 2 bedrooms and 2 baths so this could be a nice little property to live in if you want to rent the other side out.
I’m a fan of owning income property and letting tenants help pay the mortgage. There are not many hotter areas than ...
I was recently featured in LA Magazine! Journalist Anne Taylor Fleming asked me to share my opinion on the where the real estate market is headed in Los Angeles. Check out her insightful and entertaining article. This is a great read for both buyers and sellers. Click the link below the article to download it....