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LA Digs - Northeast LA Real Estate Blog

Welcome to LA Digs, the real estate and Northeast Los Angeles community blog written by Realtors Tracy King and Keely Myres.

Here, we share tips, market updates, and local news bits to keep you informed on what's happening in Northeast Los Angeles and the surrounding neighborhoods. Read on to learn about the latest in your neighborhood!
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I Got Tricked By Rate Ads

Today I want to share a story from Scott Groves with Movement Mortgage, a lender we work with frequently.  One of the big questions we get from buyers when they start their home search is "Who has the best rates?" And the truth is - picking a lender is a lot like picking a real estate agent.  Rates will change, however choosing someone you trust that can kind you through the (very complicated) process is something that will make a big impact in your home buying experience.

From Scott:
"I have to admit that I fell for it.  As a home-owner, even though I work in the industry, I am NOT immune to good advertising.  This week I was enticed by a radio ad promising the rock-bottom / lowest-rates available in all the land at NO fees.  I was borderline offended that Movement Mortgage didn't have the best rate in town and I checked out the website of one of my competitors. 

Here is what I found about the 30 year fixed rate at 3.625% the radio ad had promised:

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1191 Hits

Updated 1905 Craftsman at 1115 Brent

Updated 1905 Craftsman at 1115 Brent

Yearning to live in a simpler, more gracious time but still want a great floor plan, a master bedroom retreat and great neighborhood?  Have it all in this 1905 Craftsman home, new to the South Pasadena real estate market.

Step back in time with hardwood floors, wainscoting, built-in buffet, period-style fixtures. 

The floor plan flows and has become what today's homeowner dreams of: an open kitchen/dining area, a family room with original fireplace, a formal dining room with fireplace, a cozy living room that welcomes your friends coming in from the wide front porch.

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  1219 Hits
1219 Hits

Modern Craftsman Bungalow at 5029 Hartwick

Modern Craftsman Bungalow at 5029 Hartwick

The love affair with this Eagle Rock home for sale begins as you step through the wooden gate into the front garden and walk across the wide front porch into the living room.

While modernized for today's homeowner, the character of this Craftsman home has been both preserved and enhanced with new hardwood floors, dual pane windows installed inside the original window frames, a spiral wooden staircase up to the bedrooms on the second floor.

Further upgrades to the systems include copper plumbing, updated electrical, newer sewer line to the street, central heat & air and a bolted foundation.

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  1818 Hits
1818 Hits

Rare Historic Church at 6408 Ruby St

Rare Historic Church at 6408 Ruby St

Rare opportunity to own your own church! 

It's not every day you see a property like this come on the Garvanza real estate market.

Complete with two large and beautiful stained glass windows, high vaulted ceilings in a huge open space, and a kitchen in the large basement.

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  1612 Hits
1612 Hits

Remodeled Craftsman Home at 981 Worcester

Remodeled Craftsman Home at 981 Worcester

Homes in Pasadena are considered very desireable, and this 4 bedroom, 2 bath home is no exception.

Located in Garfield Heights Neighborhood Association area, known as the crown jewel of Northwest Pasadena, this graceful Craftsman home was restored and beautifully remodeled by a master cabinetmaker just before it was purchased by the current owners.

The wide front porch invites you to stop by and visit. 

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  1392 Hits
1392 Hits

Zillow and the Essential Truth of What Your Home is Worth

In a recent Sunday Los Angeles Times, the discussion regarding the Zillow Zestimate of home values continued, as it does on Facebook and in almost every conversation that includes the question "What is my home worth?"

I love Zillow, because it embodies the essential truth of home valuation--no one really knows what a home is worth. What does Zillow know about your home? It knows the public record of its square footage, bedroom and bath count, and where it is on a map. That's about it. It doesn't know that you legally added 1500 square feet of exquisitely appointed master bedroom suite including spa bathroom and vast walk-in closet that somehow hasn't shown up on the tax records yet. It doesn't know that the house down the street that sold for $200,000 less than you think yours should was a tear-down. 

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  1900 Hits
1900 Hits

Cozy Cabin Home at 4860 Wicopee.

Cozy Cabin Home at 4860 Wicopee.

This is a great opportunity to make a piece of Eagle Rock real estate your own - this could be your own mini-lodge in the heart of the neighborhood!

Behind the 1936 Spanish facade, find a cozy updated cabin with all the modern conveniences-central air and heat, Jenn-air range, dishwasher, white granite counters, updated bath, and special space-saving features that make life in a small space special and fun.

There are built-in bookcases on either side of the wood-burning fireplace, lots of closets, a fold-up butcher block leaf to add counter space in the kitchen, a basement for the laundry and more storage shelves, plus a spacious 1.5 car garage.

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  1477 Hits
1477 Hits

Mortgage Startup Caters to Self-Employed and Small Business Owners

All you self-employed, small business ownrs, entreprenuers, and nontraditional career works - take heart! Privlo, a new mortgage startup, just launched in California last week and they cater specifically to small business owners, entrepreneurs, Millennials with nontraditional career paths, or seasonal workers with spiky incomes - namely people with complex incomes that can't be proven on a tax return or W2, and are increasingly turned away by their banks even though they may be creditworthy.

It's an option that self employed homebuyers haven't truly had until now, as Privlo takes into account a far wider range of alternative documentation and credit criteria than a traditional lender. Here's their press release along with more info.

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1600 Hits

What Does it Mean to Sell Your Home "Off-Market"?

What Does it Mean to Sell Your Home "Off-Market"?

Some people are very excited about selling their homes "off-market" these days. They say it can save time and hassle and not invade one's privacy as much a regular marketing plan.

Some Realtors would even have you believe that you can make more money this way, that people will be so excited about buying a house without all the competition that they will pay you top dollar.

My question to these people is, How do you know what top dollar is without exposing it to the market? We recently had an Echo Park home for sale that ended up going just over 20% above the asking price of $799,000.

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4095 Hits

Craftsman Fixer at 5217 Mt Royal Dr

Craftsman Fixer at 5217 Mt Royal Dr

In 1922, the Eagle Rock City Hall opened and this charming Craftsman home was built on the prestigious Royal Drive, named for the royal palms that lined the street.

Life is still beautiful in this neighborhood, still with neighbors who look out for each other, still tree-shaded sidewalks perfect for the families with strollers and dogs who wave hello as they pass by.

This is a great opportunity to make a piece of Eagle Rock real estate your own! 

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  1461 Hits
1461 Hits

Urban Living at 5034 Mosaic Court

Urban Living at 5034 Mosaic Court

Life is simple, gracious and energy efficient in this spacious 2-year old single family home in a small lot development built by the nationally respected Pulte Homes.

Located in the Blue Ribbon Distinguished Eagle Rock Elementary School area, you are close to school, restaurants, shops and all your friends who have found that the secret to a happy life is living in the heart of Eagle Rock.

For those interested in Eagle Rock real estate, this is a great opportunity and the timing is right.

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1241 Hits

Cul-de-sac Ranch Home at 5216 Upton Ct

Cul-de-sac Ranch Home at 5216 Upton Ct

Tucked away on a quiet cul-de-sac, this ranch-style home offers a retreat from the city in a prime neighborhood where homes in Eagle Rock are sought after and coveted by buyers.

Have the whole family over and the kids can hang out in the family room while the adults linger over coffee in the huge living/dining room.

Live the California dream as you barbecue on the patio off the family room and cheer on the raucous croquet game on the lawn in the side yard.

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  1431 Hits
1431 Hits

Tastefully Updated Spanish at 1840 Lemoyne St

Tastefully Updated Spanish at 1840 Lemoyne St

Homes in Echo Park have become a hot commodity for a good reason. Roll on down to Chango for a bite. Or to Fix Cafe for a cup of coffee. Or Valerie's for some tea and something sweet.

Or stay home and invite your friends to dine al fresco on your deck with the view of downtown sparkling in the setting sun.

Are you tired of the rest of the world and you just want to retreat to your own private world that no one can see but you? Go on down to the Zen garden off the master bedroom suite.

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  1270 Hits
1270 Hits

Original Mid-Century at 5140 Monte Bonito.

Original Mid-Century at 5140 Monte Bonito.

Mid-Century lovers, hurry on over to this original post & bean Modern built by the Sylvis Constuction company in 1959.

Even the kitchen and bathroom lino is original.

Even the tile on the kitchen backsplash and bathroom counters and shower/bath surroundings is original.

Even when there are many Eagle Rock homes for sale, few are kept in this original, awesome condition!

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1404 Hits

Lovely 1945 Ranch Style Home at 4509 Verdugo Rd.

Lovely 1945 Ranch Style Home at 4509 Verdugo Rd.

Interested in a prime but affordable piece of Glendale real estate? This lovely 1945 ranch-style home is in the popular Sagamore Park neighborhood right in between Glendale and Eagle Rock.

Ready for you to move right in, there are hardwood floors, a wood-burning fireplace, updated kitchen and baths, a formal dining and three charming bedrooms.

An efficient kitchen plan has granite counters and room for a small table & chairs.

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  1464 Hits
1464 Hits

Is it a Good Time to Buy a House?

It's very challenging to be a buyer in today's market. Interest rates are at an historic low. Prices have gone up enough that some owners of really good houses are willing to put their homes on the market, and the market is well suited to try moving up from that sweet cottage you've outgrown. So what's the problem? Well, no one knows what anything is worth, especially here in Northeast LA where real estate in Highland Park, Eagle Rock, Glassell Park, Mt. Washington and other neaby communities have become hot items.
 
Why is that such a problem? Buyers and their helpful friends and families can't figure out if they are getting a good deal, or if they are overpaying.
 
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  2618 Hits
2618 Hits

Mt Washinton Cabin in the Woods at 847 Ganymede.

Mt Washinton Cabin in the Woods at 847 Ganymede.

Homes in Mt. Washington are in such high demand that even fixers get snatched up quickly and we expect that to happen with this special property.

This is a real fixer. Really. Located in a peaceful sylvan location on a small rural-feeling street currently with only 3 homes on it.

It's Mount Washington Elementary area with a number of choices for middle and high school.

In its long history since 1955, this Cabin in the Woods has been loved and cared for with sweet gardens in the back, wood floors, and actually 2 bedrooms though the tax records say only 1.

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  1382 Hits
1382 Hits

Mid-Century Ranch Home at 6115 Hillandale.

Mid-Century Ranch Home at 6115 Hillandale.

You will love how hip and chic this fun mid-century ranch has become!

The open kitchen/living/dining area is what everyone loves, there are 3 good-sized bedrooms including a great master suite with a walk-in closet all the girls will envy.

Features an oversized 2-car garage with French doors on the side that would make a great hang-out for cars, games, toys, art studio--you imagine it and it can be.

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  1217 Hits
1217 Hits

Spanish Colonial Revival at 1674 Hill Drive

Spanish Colonial Revival at 1674 Hill Drive

In 1929, from Architect Harry Hayden Whitely's design, this exquisite Spanish Colonial Revival was completed with the best materials available at the time.

From the magnesite entry to the beamed living room ceiling, the original charm is present throughout this 2-story home.

Featuring 6 bedrooms and 3 baths, there is also a spacious kitchen with breakfast room, formal dining room that opens onto a covered patio, living room with fireplace, a basement, and more.

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  1312 Hits
1312 Hits

Highest Sale in Ten Years in Eagle Rock!

Highest Sale in Ten Years in Eagle Rock!

We have to brag about representing the buyers on the highest sale in Eagle Rock since the Pantages house at 2011 Hill Drive sold in October, 2004, for $1,850,000. This time, 2211 Hill Drive sold for $1,800,500.

An interesting fact about both of these sales is that both sets of buyers already lived in Eagle Rock and moved up to Hill Drive, which is a dream often expressed by the Eagle Rock residents we meet.

Well, start lining up your finances, folks, because there are more $Million-plus homes on Hill Drive and other cool parts of Eagle Rock coming to the market soon. And some of them are our listings!

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  1351 Hits
1351 Hits