COMING SOON! Glendale Verdugo Woodlands Traditional

Located on a quiet tree-lined street in Verdugo Woodlands, this charming Traditional home features two bedrooms and two bathrooms. You enter the home into a spacious living room with hardwood floors and brick fireplace. The dining area leads into the bright and cheery kitchen with tile counters and adjacent laundry room. A den with sliding doors to the backyard could easily be converted to a third bedroom. The master suite has a remodeled bathroom and door to the backyard. The enclosed back yard with pool, large grassy area, and patio with fireplace, provides perfect outdoor entertaining space. The gated paver driveway leads to a detached two car garage. The home is move-in ready with many systems upgrades and fresh interior paint. Close to Glorietta Park, Verdugo Park and Verdugo Woodlands Elementary. $849,000

Open House Schedule
October 30, 2016 from 2:00 PM - 4:00 PM
November 1, 2016 from 10:00 AM - 1:00 PM
November 5, 2016 from 2:00 PM - 4:00 PM
November 6, 2016 from 2:00 PM - 4:00 PM

If you would like more information about 2324 Sylvan Lane or interested in scheduling a private showing call me at (818) 371-3018 or email me at Lisa@LisaZastrow.com.

COMING SOON! Northwest Glendale Traditional

This charming two bedroom, one and a half bathroom home is situated on a corner lot in the heart of Northwest Glendale.  A welcoming pathway, mature trees and low-maintenance landscape surround this traditional house that sits above the tree-lined street. The light-filled open and convenient floor plan offers a living room with fireplace, formal dining room, den/third bedroom, laundry room and bright kitchen with a comfortable breakfast nook. Both bedrooms are situated on the north side of the house with an abundance of windows, spacious closets and cove ceilings. The backyard includes a large covered patio and grassy area. The two car detached garage offers convenient access to the backyard and home. Close to Kenneth Village shopping and several parks.  $629,000

Open House ScheduleJuly 12, 2015 from 2:00 PM - 4:00 PM
July 15, 2015 from 10:00 AM - 1:00 PM

If you would like more information about 1200 Winchester Avenue or interested in scheduling a private showing call me at (818) 371-3018 or email me at Lisa@LisaZastrow.com.

 

Glendale Short Sale Update

My buyer had inquired about a home in Glendale Chevy Chase area in June 2011 that was listed for $550,000. I ended up submitting an offer on this short sale for $420,000. The seller purchased the home in 2007 for $725,000 at the height of the market. The seller accepted another offer that was higher in price and they received short sale approval for $550,000. The home eventually ended up falling out of escrow in January 2012 because the 1st (Bank of America) wanted the buyer to come in with another $7,000 to close.

In May 2012, the listing agent reduced the listing price to $520,000 and another buyer came along and opened escrow. My buyer decided to submit a back up offer in June 2012, this time for full price at $520,000.  The buyer ended up getting fed up waiting for short sale approval and backed out in October 2012. The listing agent let us know that the property was falling out of escrow and called me to find out if my buyer was still interested in the home. My buyer decided to resubmit his offer at $520,000 and wait to see what would happen. The bank did not agree to pay for any termite work or a home warranty plan but the buyer decided to proceed. The listing agent and I have been working closely with a negotiator and we have been quick at getting any information requested from the bank back to the negotiator.

There was a moment of panic in December 2012 because we were nervous the extension for the Debt Relief Program would not get passed. If the extension did not happen, the sellers might not have been able to pursue with the short sale and would have opted for deed in lieu because they would have to pay a lot of taxes. We ended up receiving written short sale approval December 27, 2012 from Bank of America (1st). The negotiator now needed to get written short sale approval from Green Tree Financial (2nd) so we could open escrow.

Last month the negotiator informed us that in order to proceed the buyer would need to come in with $7,000 payoff for the 2nd in order to close escrow. The buyer decided to proceed and wait for the written short sale approval from the 2nd. The negotiator had to request an extension from Bank of America (1st) because we would not be able to close in time. Bank of America gave us an extension on February 11 to close escrow on March 5, 2013.  However, the extension stated that buyer must pay a per diem for each day after our close of escrow date. I told the negotiator the buyer was not going to pay a per diem since he already has to come in with an extra $7,000 in order to close. The negotiator now has to go back to Bank of America and renegotiate the per diem.

We finally ended up getting written short sale approval from the 2nd last Wednesday. We opened escrow last Wednesday and did our inspection on Sunday. The home has a flat roof so we know there are some problems with the roof. The buyer has decided to send out a roof specialist tomorrow to find out more. If the buyer decides to proceed then we just need to see what happens with the appraisal and wait for loan approval!

 

3+2 Glendale Chevy Chase Home With Views

Phyllis Harb and I just listed this recently remodeled contemporary home located in Chevy Chase area of Glendale. The home is situated in a secluded tranquil canyon and boasts panoramic canyon and city views. The master retreat features a private balcony and a luxurious spa bathroom overlooking an amazing natural setting. The open floor plan is perfect for entertaining.

 

Recent updates include a granite center island kitchen, two remodeled baths, updated electrical and new copper/PEX plumbing.

Additional features include: Oversized 2 car garage w/office & three additional bonus rooms, and a double street to street lot.

Open House Schedule 

September 25, from 10:00 AM - 2:00 PM 

September 26, from 10:00 AM - 1:00 PM 

September 29, from 2:00 PM - 4:00 PM 

September 30, from 2:00 PM - 4:00 PM

If you would like more information about 1102 Outlook Lane, or are interested in Glendale real estate, call me at (818) 371-3018 or email me at Lisa@LisaMTorres.com.