Saturday, March 26, 2011

Snowbird Real Estate: Little Cottonwood Home with Pool for sale OPEN HOUSE 3/26


Snowbird Real Estate: Little Cottonwood Home with Pool at the base of the Cottonwood canyons for sale!

Rarely available 3-story MOUNTAIN VILLA with heated pool on 6+ acres in a gated community of 14 luxury homes just 2/10 mile south of LaCaille.
Villa 5 is for sale on 5.01.2013.

Pictures + Details are at: http://listings.realbird.com/C8D1F4D2/14490.aspx


 IF you are looking to buy a great MOUNTAIN HOME in this fantastic Little Cottonwood neighborhood, please contact the owner at LtCottonwood@aol.com

Jane Herron: Owner/Agent 801-243-5854
Owner Financing available








X marks the spot for a beautiful life at the base of Little Cottonwood Canyon! You can't beat this PRICE at this LOCATION.




Friday, March 25, 2011

Little Cottonwood Home w/ Pool in gated community of 14 luxury homes--next to LaCaille--OPEN house

Little Cottonwood Home w/ Pool in gated community of 14 luxury homes-next to LaCaille--

FSBO priced to sell @ $515,000 

PRIME LOCATION:

Northbound Neighbor-LaCaille
Southbound Neighbor:
Bell Canyon Reservoir

Situated on 6 acres of mature landscaping in a resort-like setting.
This picture is looking out the living room window!








8-mins to Snowbird-Alta Close to SLC Gated Community of 14 luxury homes

Photo Tour--Map and More: http://spotlightxpresstours.com/us/17836

DESCRIPTION: LaMontagne Lane is a gated community of 14 luxury homes in a resort-like setting with a heated POOL at the mouth of Little Cottonwood Canyon.

Villa #5 is a 3-story "detached" brick home, 3100 sqft, 3-4 Bedrooms, 4 Baths, 3 Fireplaces, Hot Tub in Master Bath, with French Doors that lead to a side Deck and another set of French doors that leads to the patio overlooking the POOL. Mountain views all around!

The Little Cottonwood Triangle is where you want to live if you are an active adult who loves to Bike-Hike-Ski-Swim. AND, the Little Cottonwood Triangle holds 2 parties / year for all 175 homes: *The Summer Picnic at Grow Park *The Christmas Party held at LaCaille--this year on December 15th

The average selling price of homes in the triangle is $700,000,
Villa 5 is now only $495,000.


Villa # 5 has a very open floor plan that flows. The original architect/builder lived in this unit and he blew out walls and archway to give you the open feeling that you want in this beautiful location. Villa # 5 has a large side deck off the dining room--this is the only house with outside steps up to the deck.

All of the Villas in LaMontagne Lanes are TRIPLE rebarred.

And to make things even better, the owner completed $25,000 worth of improvements + upgrades which adds value to YOUR bottom line --and-- these are things YOU won't have to do!

$25000 worth of repairs/upgrades completed that YOU won't have to DO!

New Furnace in October
New Air Condition Unit
New Aluminum Fachia/Soffets all around the house + exterior Paint (a BIG/expensive job)
New Carpet-all 3 levels New Pergo in the Kitchen/Den
New Living room Windows
New Living room Levolor Accordia Cellular Shades
New Cement Countertops in the Kitchen and all 3 Baths
New Dining room Chandelier
New Garage door opener
Roof has been maintained annually
Driveway/Sidewalks have been sealed annually
New Hot Water heaters about 4 yrs ago
New INSULATION in all of the attics
LOTS of NEW interior upgrades not listed in this POST.

This is a great investment property with strong rental income...this is a very smart time to own an upscale rental home.

AND...A creative way to buy investment properties or a vacation home is through FRACTIONAL OWNERSHIP that you create for yourself with a partner (or two)...a JV.

A Joint Venture is a great way to get a piece of the mountain for a fraction of the price.

In this situation, if there were 3 partners, you each would pay $160,000 (plus your closing costs) and you would have a fantastic home to share at the base of Little Cottonwood Canyon.
So for about $500/month each YOU could have 4 weeks in the winter, spring, summer, and fall at the mouth of Little Cottonwood Canyon.

Rotate those weeks as the years go by and enjoy a piece of Little Cottonwood each season!!


Call the owner @ 801 243 5854


Sunday, March 20, 2011

Snowbird Real Estate: Little Cottonwood Home for sale w/ Pool

Snowbird Real Estate:
Little Cottonwood Home with pool for sale for an EZ move-in.

8-miles to Snowbird-Alta | Close to SLC | Gated Community of 14 luxury homes


Jane Herron: Owner/Agent 801-243-5854
Owner Financing available

x marks the spot!








$50,000 worth of upgrades-repairs completed that you won't have to do

PRIME LOCATION: Northbound Neighbor-LaCaille
Southbound Neighbor: Bell Canyon Reservoir


Showings by appointment only to Qualified Buyers


Photo Tour--Map and More: http://listings.realbird.com/C8D1F4D2/14490.aspx

DESCRIPTION: LaMontagne Lane is a gated community of 14 luxury homes in a resort-like setting with a heated POOL at the mouth of Little Cottonwood Canyon.

Villa #5 is a 3-story "detached" brick home, 3100 sqft, 3-4 Bedrooms, 4 Baths, 3 Fireplaces, Hot Tub in Master Bath, with French Doors that lead to a side Deck and another set of French doors that leads to the patio overlooking the POOL. Mountain views all around!

The Little Cottonwood Triangle is where you want to live if you are an active adult who loves to Bike-Hike-Ski-Swim. AND, the Little Cottonwood Triangle holds 2 parties / year for all 175 homes: *The Summer Picnic at Grow Park *The Christmas Party held at LaCaille--this year on December 15th

The average selling price of homes in the triangle is $750,000, Villa 5 is now only $515,000.

Villa # 5 has a very open floor plan that flows. The original architect/builder lived in this unit and he blew out walls and archway to give you the open feeling that you want in this beautiful location. Villa # 5 has a large side deck off the dining room--this is the only house with outside steps up to the deck.

All of the Villas in LaMontagne Lanes are TRIPLE rebarred.

Repairs/upgrades completed that YOU won't have to DO!

New Roof
New Furnace in October
New Air Condition Unit July
New Aluminum Fachia/Soffets all around the house + exterior Paint (a BIG/expensive job)
New Carpet-all 3 levels New Pergo in the Kitchen/Den
New Living room Windows
New Living room Levolor Accordia Cellular Shades
New Cement Countertops in the Kitchen and all 3 Baths
New Dining room Chandelier
New Garage door opener
Roof has been maintained annually
Driveway/Sidewalks have been sealed annually
New Hot Water heaters about 4 yrs ago
New INSULATION in all of the attics
New Garage door opener


Saturday, March 19, 2011

Little Cottonwood Home with Pool for sale at the mouth of the canyon


Little Cottonwood Home with pool for sale at the mouth of the canyon.

8-miles to Snowbird-Alta | Close to SLC | Gated Community of 14 luxury homes


Jane Herron: Owner/Agent 801-243-5854
Owner Financing available

x marks the spot!





PRIME LOCATION: Northbound Neighbor-LaCaille
Southbound Neighbor: Bell Canyon Reservoir


Showings by appointment only to Qualified Buyers


Photo Tour--Map and More: http://listings.realbird.com/C8D1F4D2/14490.aspx

DESCRIPTION: LaMontagne Lane is a gated community of 14 luxury homes in a resort-like setting with a heated POOL at the mouth of Little Cottonwood Canyon.

Villa #5 is a 3-story "detached" brick home, 3100 sqft, 3-4 Bedrooms, 4 Baths, 2 Fireplaces, Hot Tub in Master Bath, with French Doors that lead to a side Deck and another set of French doors that leads to the patio overlooking the POOL. Mountain views all around!

The Little Cottonwood Triangle is where you want to live if you are an active adult who loves to Bike-Hike-Ski-Swim. AND, the Little Cottonwood Triangle holds 2 parties / year for all 175 homes: *The Summer Picnic at Grow Park *The Christmas Party held at LaCaille--this year on December 15th

The average selling price of homes in the triangle is $750,000, Villa 5 is now only $515,000.

Villa # 5 has a very open floor plan that flows. The original architect/builder lived in this unit and he blew out walls and archway to give you the open feeling that you want in this beautiful location. Villa # 5 has a large side deck off the dining room--this is the only house with outside steps up to the deck.

All of the Villas in LaMontagne Lanes are TRIPLE rebarred.

Repairs/upgrades completed that YOU won't have to DO!

New Roof
New Furnace in October
New Air Condition Unit July
New Aluminum Fachia/Soffets all around the house + exterior Paint (a BIG/expensive job)
New Carpet-all 3 levels New Pergo in the Kitchen/Den
New Living room Windows
New Living room Levolor Accordia Cellular Shades
New Cement Countertops in the Kitchen and all 3 Baths
New Dining room Chandelier
New Garage door opener
Roof has been maintained annually
Driveway/Sidewalks have been sealed annually
New Hot Water heaters about 4 yrs ago
New INSULATION in all of the attics
New Garage door opener


Monday, March 14, 2011

Little Cottonwood Home with heated pool on 6+ acres in a gated community of 14 Luxury homes at the mouth of Little Cottonwood Canyon


Little Cottonwood Home with heated pool on 6+ acres in a gated community of 14 Luxury homes at the mouth of Little Cottonwood Canyon


Villa 5 LaMontagne Lane, Sandy-UT 84092
FSBO priced  right @ $515,000

Rarely available 3-story MOUNTAIN VILLA with heated pool on 6+ acres just 2/10 mile south of LaCaille. LaMontagne Lane is a resort-like commmunity of 14 luxury homes at the mouth of Little Cottonwood Canyon. Villa 5 is for sale.



IF you are looking to buy a great MOUNTAIN HOME in this fantastic Little Cottonwood neighborhood, please go to:
http://spotlightxpresstours.com/tours/tour.cfm?tourid=17836

FSBO priced to sell at $515,000 
Jane Herron: Owner/Agent 801-243-5854

Owner Financing available

x marks the spot!









Saturday, March 12, 2011

Snowbird Mountain Home at the base of Little Cottonwood canyon for sale!


Snowbird Mountain Home at the base of Little Cottonwood canyon for sale!
Villa 5 LaMontagne Lane, Sandy-UT 84092

Rarely available 3-story MOUNTAIN VILLA with heated pool on 6+ acres in a gated community of 14 luxury homes just 2/10 mile south of LaCaille.
Villa 5 is for sale.

IF you are looking to buy a great MOUNTAIN HOME in this fantastic Little Cottonwood neighborhood, please go to: http://spotlightxpresstours.com/tours/tour.cfm?tourid=17836
FSBO at $515,000


801.243.5854 or Email: LtCottonwood@aol.com

X marks the spot!

















                                                                  


Thursday, March 10, 2011

The Stock Market vs The Real Estate Market

To put things into perspective and to ease your worries . . .

Two years ago today (03/09) the Standard and Poor's 500 Index hit bottom at 666 and change. During the eighteen months prior, the S-P 500 declined some 53% from its 2007 high of 1576. While the market remains 250+ S-P points shy of its all-time high, today's close at the 1320 level represents an astonishing two-year gain of about 98%.

Who would've, could've or should've thought a stock market recovery of such magnitude was even possible?!?

The Stock Market and the Real Estate Market are like pedals on a bicycle as they rotate their highs and lows. If it is true that the Stock Market regained 98% of its losses in only two years, what do you think is possible with the Real Estate Market?!? YES--this is most certainly the TIME to BUY because in two years from today--you will find a huge profit in your pockets.



Check Out this great deal on Google Maps:
http://maps.google.com/maps/ms?ie=UTF8&hl=en&msa=0&ll=40.573251,-111.797798&spn=0.004344,0.006856&t=h&z=17&msid=207892308137617777274.00049e237f365defa5644&pw=2

Wednesday, March 9, 2011

FHA

FHA and Rural Housing Changes


In a business that is changing from hour to hour, knowledge is priceless

FHA
Given the legislative mandate found in the National Housing Act (2009), FHA has to remain financially sound. To ensure this end, FHA has announced an increase in their annual mortgage insurance premium.

For all case numbers issued on or after April 18, 2011, FHA will increase the premium by .25 basis points. There will be no change to the upfront premium. The chart below illustrates the upcoming changes.

Mortgage Insurance Premiums
Loans > 15 years
UFMIP = 100bps Annual Premium Annual Premium
LTV Through 4/17/2011 On/After 4/18/2011
Less or equal to95% 85bps 110 bps
Greater than 95% 90 bps 115bps
LTV Loans less than or equal to 15 years
UFMIP = 100 bps Annual Premium Annual Premium
Less or equal to 90% None 25bps
Greater than 90% 25bps 50bps

Example of Annual Mortgage Insurance Premium Increase 30 year Term
Average Loan
LTV greater than 95%
October 2010 April 18, 2011
90 bps 115
Sales Price $200,000 $200,000
Minimum Down payment (3.5%) 7,000 7,000
Mortgage Amount without UFMIP $193,000 $193,000
FHA Annual MIP (Monthly Payment)* $144.75 $184.95
Change in payment (Monthly increase $40
*pre Oct. 2009, the monthly premium = 55bps or $91.66 in our example. So in the last 18 months the premium has increased $93.28. Does FHA consider that significant? This new change represents an increase in 18 months of almost 110%.

Quoting FHA, “It is anticipated that this increase will have minimal impact on borrowers”….but will significantly strengthen the capital position of the mortgage insurance fund. WHAT! How can FHA possible make such a statement. Are they really this out of touch with the home buyer?…Are our regulators this disconnected with reality? Defies logic. Let’s think about this. . The Housing Crisis continues to be the major drain on our economy. Homes get foreclosed on. FHA panics as they see their Mortgage Insurance Fund continue to decrease. They panic. Hurry, increase the mortgage insurance for new home buyers to compensate. Home buyers face higher monthly payments. Less home buyers can qualify due to the higher payment. Less demand as buyers disappear, supply of homes increase. Home prices continue to drop. Sellers are stuck. More homes get foreclosed on….Get the picture. The cycle continues downward with no end in sight….just like flushing the toilet.

RURAL HOUSING
Following FHA’s lead, Rural Housing has announced a major shift in policy. It will now start collecting an annual mortgage insurance premium. Like FHA the intent is to make rural housing loans subsidy neutral, thus eliminating the need for taxpayer support of the program. For the upcoming year, (starting Oct. 1, 2011) Rural Housing loans will now require an annual fee of .30bps. of the outstanding principal balance. The upfront fee decreases from the current 3.5% down to 2.00%.

The smoke and mirror ploy of decreasing one premium and increasing or installing a new one still results in the homebuyer paying significantly more for same home purchase. Substituting rural housing numbers into the above FHA example, the home borrower’s payment increases by over $33 per month. May not sound like a lot but are wages increasing to keep up? Unlike our government, households have to live with a balanced budget. None of us can deficit spent for very long. Simple math. Increase in mortgage payments typically results in a decrease in other consumer purchases. Less purchases, less manufacturing…less need for jobs…less need for homes….you get the picture.

Another costly consequence of these changes make refinancing a mortgage loan next to impossible. Gains made by lowering the interest rate to free up more monthly cash flow are now offset by the increase in mortgage insurance. So once again, instead of helping, our regulators are creating an environment that is unfriendly to housing. If rates start to climb as forecasted, the results of higher rates and higher insurance premiums could highly impact the housing market.

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