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Today on caravan we toured a wonderful Madison Heights Colonial Revival located at 1069 S. Oakland Ave., in Pasadena. The home was designed & built by designer M.J. Repine in 1922 and has been beautifully restored and remodeled over the years. It features 3 bedrooms, 3 baths and a wonderful open cooks kitchen. The outside is spectacular with an inviting pool and cascading spa. The home is listed by Mike Bell with Prudential California Realty and is offered at $999,000.  It really has too many great details to mention and is definitely worth seeing if this is in your price range. Let us know if you are interested in viewing this property.

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Very often it is the little things that make for a well decorated room, but that perfect accessory may be the most difficult to find. Lighting (lamps, pendants, chandeliers, etc.) fall into to that category in a big way, particularly if you have something in mind. While that perfect lamp may not be readily available on a store shelf, there is a place where the fixture you imagine can be made to order. You can create your own work of art (with lots of design & technical advise from Peter) at Filament Lighting. This studio is located at 1100 S. La Brae in Los Angeles, CA. 90019. You might want to call 323-935-7636 or go on line at www.filamentlightingla.com for store hours, directions and to view a photo gallery of their creations. Filament has sources for Murano vases, porcelain  and other glassware that can be fashioned into beautiful, one of a kind light fixtures.

5025 Range View Ave., Los Angeles, Ca (Highland Park)

On last weeks caravan we saw a great craftsman home listed for $435,000. It featured 3 bedrooms and 2 baths and had been recently upgraded throughout. If this is in your price range you shouldn’t miss this one. It has a lot of character and space for the money. Plus it’s really close to Auntie Em’s restaurant, which has awesome cupcakes! This one won’t last long!

 

California law makers introduced two bills to boost the cap for the state’s home-buyer tax credit program. They seek to increase the cap by at least $200 million dollars and extend the program another year.  The program was approved in February at $100 million and was meant to help clear out newly built homes and generate new construction.  Buyers can receive a tax credit up to $10,000 by purchasing a new, previously unoccupied home that they intend to occupy. In Pasadena you could consider purchasing a new unit at Granite Park on So. Lake ( right down the street from our office) or on Lake at Walnut, in the old Bona Corsos location, to take advantage of this credit.

Some buyers have coupled this credit with the federal first time home- buyer $8,000 tax credit. Robert Kleinhenz, deputy chief economist for the California Association of Realtors, said the tax-credit program has helped draw first time home buyers into the market. By the end of the year, the percentage of first time home buyers is expected to reach 45% of the total number of buyers. This is up from 36% last year and 26% in 2004.

The program is currently set to expire in March 2010. However, the funds are being quickly depleted and the program will be cut short without additional funding. The Franchise Tax Board who receives the applications for the credit, states that they have received 9,800 applications and will cut off the program at 12,000 applications. The state’s budget woes may deter law makers from approving the additional funding which should come up for a vote in late July.

If you have any question please email us at pasadena.ca.homes@gmail.com

To read the entire article please visit the link below.
By Bobby White:Wall Street Journal
http://online.wsj.com/article/SB124624790198767385.html

 

Celebrate!
Celebrate!

 

There are plenty of local celebrations and firework displays to enjoy. The following are a few to consider:

Thursday, July 2, 2009 9:30pm  EARLY BIRD SPECIAL
Altadena Town and Country Club
Members enjoy club festivities and fireworks, but it’s a big sky… so park around the golf course and enjoy the FREE fireworks
626-794-7163
www.altaclub.com

Saturday, July 4, 2009  noon-9:30pm
Rose Bowl Americafest, Pasadena
Celebrate the Armed Forces
Music, food and fireworks
$13.00 per adult ticket, children 7 and under are free
626-577-3101
www.rosebowlstadium.com

Saturday, July 4, 2009  9pm
Almansor Park, Alhambra 
Bring your picnic or visit the food booths and enjoy FREE fireworks
626-570-5044
www.cityofalhambra.org

Saturday, July 4, 2009   4-9pm 
Lacy Park, San Marino
Bingo, booths, parade, stage entertainment and fireworks
San Marino residents receive 4 free tickets, additonal presale tickets are $5.00 each
Non-residents pay $15 each for presale tickets
All tickets purchased at the park on the 4th (resident & non-resident) will be $20 each
626-403-2200 or 626-300-0700
www.ci.san-marino.ca.us