Archive for the 'Poway' Category
March is the month of Mardi Gras Parades and green beer in San Diego! With events throughout the county, there’s no shortage of weekend fun to experience. Click Here to see more!
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A long gated driveway leads toward this charming Mid-Century Modern single story home. Located in desirable Green Valley on .7 acre, surrounded by mature landscaping & fruit trees, zoned for horses & room RV parking. This fabulous home features wood flooring, neutral carpet, dual pane windows & fresh paint throughout. Updated kitchen, gas cook top stove w/ tile backsplash & garden view window facing the refreshing pool & spa. Award winning PUSD & w/in walking distance to Painted Rock Elementary.
This home is listed for $775,000. Please call Cay & Carly Bohnsack for more information, 858-231-6722.
Why You Should Buy That Home Now – Real Estate by AnnaMaria Andriotis
The Obama Administration’s proposals to extricate the government from Mortgage Lending sounds like the death knell for Freddie Mac and Fannie Mae. That is not good news for Homebuyers, either. In the proposals there were changes that will mean more Expensive Mortgages, with Higher fees and, probably, higher interest rates, larger Down Payments, and in the longer term, fewer Lenders to choose from.
The changes aren’t effective immediately, and some, if passed by Congress, won’t go into effect for few years. Even so, they pose a dilemma for today’s would be Homebuyers. Loans are cheaper today than they’re likely to be in the future – but one of the unintended consequences of the proposals could be another drop in the home prices should higher mortgage costs dampen demand. Unfortunately, there’s no single right answer, experts say.“Buyers should not rush in- but there is no reason in most markets to delay waiting for something better to come along – it probably won’t” says Barry Zigas, director of Housing policy at the Consumer Federation of America.
Congress will ultimately decide whether Fannie And Freddie have a future, and whether the other changes could go into effect as soon as this fail. Here are the Big Three:
Smaller Mortgages – In October, the Maximum size of Mortgages in high-cost cities backed by Freddie Mac and Fannie Mae will shrink – from &729,750 to $625,500. The $417,000 amount for moderately priced area will remain the same.
Higher Fees - In November, the Federal Housing Administration could raise Mortgage Insurance Premium Fees 0.25% for Borrowers. The hike comes out to an extra $250 per $100,000 of mortgage per year. Over the life of 30-year $300,000 mortgage, the higher rate means an additional $12,000 more in payments.
Bigger Down Payment - Currently, Borrowers can try to get a mortgage from a Bank with just 5% down, because that mortgage is going to be sold to Fannie Mae or Freddie Mac. According to the proposals, that requirement would Increase to 10%.
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A beautiful home in a dismal location, or even a dull setting, is less appealing than one which has a story. Rancho Bernado (RB) is a community of acres upon acres of golf courses, rolling hills, mountain views, and the ever changing Lake Hodges. The face of Rancho Bernardo was once one of cattle ranches, and it’s boundaries were not Escondido, Poway, and Penasquitos. In 1769, the King Spain bestowed land grants to reward his supporters, and encourage development of this area. Cattle ranches and farms consisted of thousands of acres, and the area that we now think of as Rancho Bernardo, was part of a large ranch that stretched as far south as Camp Elliott, in Mira Mesa.
The original town of Pomerado which became part of RB, was submerged when Lk. Hodges Damn was built in 1918. That tall peak on the left is Battle Mountain home of the white cross facing I-15, near Sikes Adobe Farmhouse.
If you agree that the history of the place gives it dimension and significance, here’s your chance to learn much more about RB’s past. On February 25, Rancho Bernardo Historical Society (RBHS) presents a special program featuring Early Spanish California History.
Friday, February 25 at 10 a.m. at the Museum at the Bernardo Winery
This is the first in a series of the speakers program offered at the RBHS Museum. Chris Knudson, a member of Los Californianos, will discuss Spanish California 1769 to 1823. Along with his passion for local history, Chris will share Spanish Era artifacts with the audience during his talk. This free one hour program will be presented at the Museum located in the Bernardo Winery at 13330 Paseo del Verano Norte.
Chris Knudson is an 8th-generation San Diegan and a direct descendent of José Fransciso de Ortega, one of San Diego’s founders who served as the Path-finder to the Portolá-Serra Expedition (La Ultima Conquista) of 1769 and personally escorted Father Junipero Serra to the site of the original Presidio in San Diego, where he would go on to serve as the Presidio’s first Commandant. Chris is a graduate of San Diego State. In addition to his involvement in the study of antique arms and armor, he provides private tours of early California historical sites and donates his time as a keynote speaker for speaking engagements addressing topics related to early California history.
If you are considering a home in or around Rancho Bernardo, and you’d like to learn more about how the past joined the future in 1962
attend the Rancho Bernardo Historical Society’s new Speaker’s Series. Learn more about your prospective home.
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Poway Home For Sale – Equestrian Estate Featured In Better Homes & Gardens “Remodeling Ideas For Your Home”
Lovingly recreated, this sprawling Equestrian estate in the heart of Poway is an exceptional home that combines modern living and country comfort. Having been home to a large family with a passion for living life in a fantastic area of Poway, this rare and unique property type will surely be a find for the right buyer. Envision a farmhouse in the South of France, and you will flavor the look and feel of the home.
Where homeowner, interior designer and contractor worked flawlessly together to reinvent a lovely county home in the hills above the city, this home is uncommon, exceptional and extraordinary! Groves of avocado, orange, lime, lemon and macadamia nut trees present themselves, placed on over two acres of land to bring into being a masterpiece of relaxation and satisfaction.
The basics of course; 5 bedrooms and 3 baths, almost 4300 square feet of living space, an amazing chef’s kitchen, large living and family rooms and a downstairs office with distressed beechwood flooring throughout the lower level. Upstairs, the larger bedrooms and master suite complete the home with views of the surrounding hills.
The aforementioned chef’s kitchen was featured over an eight page article in Better Homes and Gardens special interest publication “Remodeling, Ideas For Your Home” as a composition that drew abundant local attention. Created and envisioned by the owners, it includes a Viking stove and double oven, granite countertops and large butcher block island. Lots of storage, open and white with lots of windows.
Outside, extending from the porch and pergola, the pink roses and French doors add to the home’s welcoming feel. As a complete Equestrian property, the estate is home to horses, riding arena, large stables, tack room, vegetable garden and chicken coop. For a family looking to be city close with county charm and amenities, this is simply the paradise found!
A fabulous pool and spa with flagstone trim sets adjacent to several sunning areas and shady palms trees just behind the home, providing cooling and soothing relief from the pressure of day to day living and the warm Poway summers.
Schedule your visit to this home and take in all it has to offer, it surely will not last long on the market. Seller to entertain offers between $1,249,000 and $1,349,000. Contact Sue Johnson at 760-877-4788, visit www.HotOnSanDiego.com or email Sue for details or to schedule your private showing.