I’m super excited about our new listing at 623 N Fuller!! The offering is a Hedged + Gated Compound with a Designer-Done Chic Single Story California Spanish Main House + Sparkling Pool + Awesome 2 story ADU! The property is full of soaring palm trees in both front and back yards and there are doors leading to the yards from everywhere in both structures! The front house has a living room with a high pitched ceiling and fireplace, and it opens to the dining room, which opens to the kitchen. The kitchen is sophisticated with GE Cafe appliances, Calcutta porcelain countertops, a Rohl fireclay sink, and abundant European cabinets. On either side of the kitchen is a laundry room + breakfast room. A hallway with a skylight opens to 3 bedrooms with views out to the yard, and the primary suite has a walk-in closet + spa bath + double doors to the pool. The backyard is a true oasis, surrounded by tall palm trees, an al fresco dining area, sparkling pool, redwood deck with built-in Canadian Cedar Hot Tub, and an AMAZING 2 story ADU with a separate address, interior & exterior staircases, multiple balconies + 2 car garage with laundry hookup! This property is unusual in that it’s in hip move-in condition with 2 separate living structures + amazing outdoor space! It’s perfectly primed for Quintessential Southern California Spanish Character Indoor/Outdoor Living at its best!
I’m super excited about Devin’s new listing at 1115 S Elm #203! Located in the coveted Beverly Towers, this prime Beverly Hills Adjacent Condo has an open floor plan with natural light, 1 large primary bedroom, 2 bathrooms, and a private balcony that extends the length of the unit! The public space is a great room with living + dining area, a new designer kitchen with center island, and glass doors to the porch. The en-suite bedroom has a spacious closet and bath. The resort style complex includes a large pool & separate spa that are heated year round, his/her saunas, equipped gym, and controlled access secure entry. The unit includes 2-car tandem subterranean parking with elevator access and a private storage locker. The location is central and amazing!
301 N Citrus is newly staged and available for lease immediately! The offering is a 2 Story English Character Home with large scale rooms + a sparkling pool + a 2 story guesthouse on a spacious 9450 sq ft lot with a hedged + gated sprawling grassy park-like front lawn! Downstairs is a living room with a soaring beamed ceiling + fireplace, a large dining room that opens to the deck + yard, a newly refaced kitchen with stone counters, and a spacious family room with bonus loft space. Upstairs is a primary suite + 2 secondary beds that share a Jack-and-Jill bath. The pool is gated. The guesthouse has a bedroom suite upstairs and a rec room downstairs. The location is central and on beautiful tree-lined Citrus Ave. This house has consistently had the best tenants (which makes sense because it’s owned by the very best owner)!
I’m excited for Devin, who just closed 1149 S Lucerne; Devin’s buyer beat multiple offers to score this fabulous Move-In Ready Single Family Home with a super spacious yard, done in such great taste inside and out! I’m excited for Nechama who efficiently closed 835 Westmount Drive, navigating multiple offers for the seller, who just finished the term of an entire listing with a different agent without a single offer.
An interesting observation about the new laws post commission lawsuits. In the old system, when we went on listing appointments, we negotiated commissions for both the listing side and the selling (buyer) side. As the listing agent, we posted the buyer side commissions on the MLS. In the new system, buyers request that the seller pay the selling side commission as a term in the buyer’s offer (residential purchase agreement). In the new system, there is no posted commission, and buyers’ agents are empowered to negotiate for themselves. We have 2 deals in escrow right now, representing buyers, where the listings were advertised pre new laws with a reduced buyer side commission. We wrote our offer on each of these properties with the new system, so we had an opportunity to request that the seller pay a standard commission…and the sellers agreed on both deals. Ironically, the media portrays the new commission lawsuits as effecting reduced commissions for agents, but in real life, it’s the opposite, and we’re seeing that it’s harder for sellers to pay reduced commissions under the new processes. We field calls all day long from agents confirming that commission is offered on our listings, to protect themselves in advance before steering buyers towards considering a house. There is definitely no buyer considering paying buyer side commissions in real life, as portrayed for months by the media. Nothing changed for the public about commissions post commission lawsuits.
I’m counting down one month until the highlight of my year when the kids come home for the holidays!!! I want to spend every second (working &) playing & hugging & kissing & smushing those little cheeks, so the next month for me is work-all-day & cook-all-night to stock my 3 freezers as much as I can before everyone arrives!! My counter is covered with fresh vegetables from the Larchmont Farmers Market, all set to make 5 different soups (butternut squash, asparagus, sweet potato/kale/chicken, split pea, roasted vegetable). Sourdough Breads + Round Challahs are going from oven to freezer on repeat! I’m making my way through the cookbook Raizy made with all of My Mom’s Recipes and I plan to make all My Mom’s staples + favorites so Mom’s right here with me…all month while I cook in advance exactly like she did and then through the holidays, with all the familiar sights + smells + tastes of Mom’s best holiday recipes! Thursday, on Facetime, Gavriel had something to ask me. Gavriel has never been on a real helicopter and he wonders if Grandma and Gavriel could fly high up in the sky in a helicopter. I LOVE that when Gavriel wonders about flying in a helicopter, his first thought is to ask Grandma! The holidays can’t come soon enough!!!!
Interest rates are down and expected to go lower this week! Rates on a 30 yr fixed before any relationship discount is 5.875! With a relationship discount, it’s 5.125%. 10 year ARMS are at 4.875%! The market is back!!!
Wishing all an awesome weekend ahead!
Xoxoxoxo,
Sheri
