On Tour Tomorrow: 692 Bryant Ave., Mountain View
October 16th, 2008We have reduced the price to $1,850,000. It’s a 5 bedroom, 3 bathroom home that features:
•3,277 sf of living space (per Real Quest)
•9,148 sf Lot (per Real Quest)
•Dramatic 2 story entry
•Hardwood Floors downstairs, wall-to-wall carpeting upstairs
•3 wood-burning fireplaces w/gas starters
•Bonus loft serves as children’s retreat or 2nd family room
•Family Room w/built-in cabinetry
•Formal dining room w/French Doors leading to backyard
•Full Size bar with granite counter & Marvel wine refrigerator
•Wood-paneled subzero refrigerator/freezer
•Walk-in Pantry & Breakfast nook with window seats
•Downstairs Bed/Den w/ built-in murphy bed
•Full Bathroom downstairs
•Great master w/fireplace, high ceilings & jacuzzi bath with jets
•Hheated gazebo
•Lynx outdoor 6 Burner gas grill & 2 burner cook top
•Marvel outdoor mini refrigerator
•Black bottom pool & spa with solar & standard heating
•Stone waterfall
•Pop-up cleaning system
•Views of Black Mountain
• Indoor & outdoor built-in sound system
• Professional landscaping
• Custom built storage sheds & 2 car attached garage
It will be open Saturday and Sunday, October 18 & 19, 1:30-4:30
Lake Tahoe, Oct 10th, 2008
October 16th, 2008Photo taken by Brian Sumner
Gina Kehr competes in Ironman this Saturday!
October 10th, 2008This Saturday, October 11, my colleague at Coldwell Banker, Gina Kehr, will be competing in the Ironman World Championship in Kona, Hawaii. Ironman is a mental and physical test encompassing a 2.4 mile rough water ocean swim, a 112 mile bike and a 26.2 mile run in the heat of the lava fields.
Gina is one of the top professional triathletes in the world. Two years ago she placed 4th OVERALL. This year her goal is to be crowned the world champion!
If you’d like to follow her progress online, visit:
They should have regular updates on the pros. Gina will wear number 116.
Go Gina!
Progress at Channing
July 15th, 2008All the new plumbing, wiring and windows are in!
Channing Remodel June 18th
June 19th, 2008
Channing living room ceiling on 6/18/08
Channing Remodel Phase 1
June 17th, 2008
more to come…
First Trail Run of 2008
February 17th, 2008My first trail run of 2008, the Sequoia Trail Run in the Oakland Hills, got off to a late start. We got stuck in traffic approaching the Bay Bridge and by the time we arrived at the park and checked in, we were already 16 minutes behind. That’s no excuse for my poor finish, though. My time for the 19 mile run (subtracting the 16 minutes) was 3:54:44. Mark’s actual time was 3:12:14. Not his best time, either. The elevation gain was 3,070 feet, not as difficult as some of our other runs. I need to train harder!
Effect of Fed Rate Cut
January 29th, 2008The Fed has slashed its rates by a whopping .75% recently. So what exactly does that do to residential mortgage rates?
The 30‐year fixed: not much. The 30‐year fixed is not tied to short‐term treasuries. Fixed mortgage rates are tied to long‐term bond yields that move based on the outlook for the economy and inflation. True, even as the Fed has lowered rates since the summer, the 30‐year fixed has come down, but that’s because of the outlook for slower economic growth in the months ahead. While the decline in treasury yields has helped push mortgage rates lower, the decline in long term rates hasnʹt been in lockstep thanks to the fact that these mortgages are securitized and sold on the global market. Investors now demand a higher risk premium on these mortgages due to higher delinquencies and foreclosures.
5‐1 ARMs: Yes, this is good news if your 5‐year ARM is pegged to a treasury index. The one‐year treasury is a common index for many adjustable rate loans, and it has plummeted from 5 percent in July down to now about 3.25 percent. So if you’re facing a reset on, say, a $200,000 loan, you’re now getting a payment increase of about $150 a month, as opposed to $370 a month, which you would have had before the Fed started cutting rates.
Subprimers: Nope. Unfortunately if you have a subprime ARM it is more than likely pegged to LIBOR, which has moved in the opposite direction. Because of the liquidity issues in global financial markets, LIBOR rates have actually increased at the same time that treasury and other benchmark yields have been declining, so the Fed lowering rates today would not help too many subprimers.
HELOC: Yes, if you have that home equity line of credit that you used to renovate your bathroom/kitchen recently, then when the Fed lowers rates, your rate comes down as well. That’s because HELOCs are predominantly pegged to the prime rate, which moves in step with the Federal Reserve. The cumulative effect of the Fed’s interest rate cuts over this fall have taken the average home equity line of credit from 8.25 percent now down to about 7.25 percent. With an additional rate cut, that will fall lower.
Just Listed: Spacious, Remodeled & Downtown!
January 25th, 2008 
Extra large, this two bedroom, two bathroom Los Altos condo provides 1,349 square feet of exceptional living space. Features include a separate dining room, a warm fireplace, recessed lighting, crown molding and custom blinds. A fabulous chef’s kitchen boasts granite counters,
Call us for more info: Diana 650-279-8321 or Owen 650-492-0062.
