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Hot Property: Approachable elegance in Orinda

Sun, 11 Dec 2016 12:00:00 UT

Built in 1955, the single-story residence now offers three updated bathrooms, an open floor plan and alderwood interior doors. Designer lighting, refined moldings, cathedral ceilings, French doors and a built-in sound system highlight a list of aesthetic upgrades. Perhaps the most notable transformation is the open kitchen opposite the family room’s clinker brick fireplace. Stainless steel appliances lend modern flair to classical elements like a butcher block island and farmhouse sink. Multiple decks and a rock garden complement the .41-acre lot’s manicured grounds. Gleaming Walnut floors, arched entryways and an open floor plan await beyond the Dutch-style entry door. French casement windows look out to the garden, as do a pair of French doors in the living room. The master suite enjoys multiple view, and rich marble surrounds a Kohler soaking tub in the spa bathroom. Fully renovated four-bedroom Craftsman with sunny public rooms, walnut flooring, French casement windows and a contemporary kitchen. The master suite includes a spa bathroom and access to a private patio, and the home rests on a .41-acre lot at the end of a cul-de-sac near Moraga Creek.




Sound Off: Forecasting what Trump’s presidency might mean for Bay Area real estate

Sat, 10 Dec 2016 00:42:26 UT

The Trump economic plan proposes to grow the economy 4 percent per year and create at least 25 million new jobs through massive tax reduction and simplification, in combination with trade reform, regulatory relief and lifting the restrictions on American energy. If as promised, the business rate is lowered from 35 percent to 15 percent, then trillions of dollars of American corporate money overseas can now be brought back at a much more attractive rate of 10 percent. Another potential job stimulator will be ending the Offshoring Act by establishing tariffs to discourage companies from laying off their workers in order to relocate in other countries and ship their products back to the country. The American Energy and Infrastructure Act will leverage public-private partnerships, and private investments through tax incentives, to spur $1 trillion in infrastructure investment over ten years . Many more production/construction employees will need to be hired to facilitate this massive endeavor, leading to more disposable income for local homeowners and renters who will then be able to buy. According to an Inman report; if Trump does, indeed, tighten immigration policies as outlined in his platform, then the United States could see some softening in markets that rely heavily on overseas investors, who might face additional difficulties or hurdles in purchasing property. [...] for those considering new construction in 2017, it’s worth considering the added cost that may come amidst ongoing construction labor shortages that could get worse if President-elect Trump follows through on his hard-line stances on immigration and immigrant labor. Tech sector uses H-1B visa program for temporary foreign workers, which could be further restricted under the new presidency. Trump has also vowed to re-examine trade policy to identify any trading abuses, and has talked about slapping 45 percent tariff on Chinese goods. A study released in September by the free-trade-leaning Peterson Institute for International Economics showed that an all-out trade war could result in as much as a 5 percent job loss in California. After the inauguration as the new president is walking down Massachusetts Ave. with his hair billowing in the wind like the American flag, the market expodes as California experiences mass immigration.



Price Point: $3.1 million in Russian Hill

Sat, 10 Dec 2016 00:42:11 UT

The midcentury unit offers a shared wraparound terrace and an interior designed by Val Arnold. Building amenities include a live-in residential manager, a 24-hour-attended lobby and parking for one car in a secure garage. Beds: 2 Baths: 2 Square footage: 1,622



Ingleside Terrace, S.F./$3.195 million

Sat, 10 Dec 2016 00:41:57 UT

Completed in the 1920s, this Mediterranean style two-story is available as a lease with an option to purchase. The listing includes two stone view patios, landscaped gardens, and enclosed parking for two cars. A great room warmed by a gas fireplace dominates the upper level and offers a modern chef’s kitchen with a French door refrigerator, designer tile backsplash, and island with waterfall edges.



Just Approved: Equity conversion mortgage helps senior stay in home

Sat, 10 Dec 2016 00:41:19 UT

Equity conversion mortgage helps senior stay in home Backstory: A homeowner hoped to refinance his current adjustable-rate mortgage into a lower-rate loan. Since he had taken out his current loan seven years ago, he had retired and was no longer able to show enough income to qualify for a new loan. A senior specialist referred him to Stevens, who showed him that a home equity conversion mortgage could pay off his current loan and release him from future loan payments for the rest of his days. The calculations also showed her borrower that there was ample equity to leave his heirs when he left or sold the home, which was an important consideration to the homeowner. The government sponsored Federal Housing Administration loan allows adults ages 62 and older to halt mortgage payments forever. The program requires the home to be maintained as a primary residence and the owner to stay current on property taxes and hazard insurance.



Updated trilevel in Noe Valley open Sunday

Sat, 10 Dec 2016 00:39:18 UT

Erected in 1914 on a level block near both 24th and Church streets, this listing includes plans to expand the existing residence into a trilevel with roughly 4,000 square feet of living space. Listing agent: Greg Fulford, Vanguard Properties, (415) 305-3251, greg@vanguardsf.com; Brian Furstman, Vanguard Properties, (415) 510-8620, bfurstman@vanguard sf.com. 2430 Castro St., $2.195 million. Beds: 3 Baths: 4 Square footage: 2,320 (est.) Open home: 2 to 4 p.m. Sunday.



Unique South Beach condo on secluded block open Sunday

Sat, 10 Dec 2016 00:39:00 UT

Three levels of bright, modern living await at this distinctive condo set on a secluded block south of Folsom Street. The loft on the top level is a flexible space that could serve as a den, media area or bedroom, and the listing includes parking and in-unit laundry. Listing agent: Gregory Polchow, Sotheby’s International Real Estate, (415) 846-9542, greg.polchow@sothebyshomes.com. 58 Guy Place, $889,000. Bed: 1 Bath: 1 Square footage: 809 Open home: 1 to 4 p.m. Sunday.



Contemporary view home in Glen Park open Sunday

Sat, 10 Dec 2016 00:38:50 UT

Soak up views of Glen Canyon Park and the bay from a deck off the main level of this contemporary whose price has been reduced. The top floor hosts an oversize family room. Learn more at www.3mercato.com. Listing agent: Frank Nolan, Vanguard Properties, (415) 377-3726, frank@vanguardsf.com; Colleen Cotter, Vanguard Properties, (415) 706-1781, ccotter@vanguardsf.com. 3 Mercato Court, $2.199 million. Beds: 4 Baths: 3 Square footage: 3,640 Open home: 2 to 4 p.m. Sunday.



Dynamic, dreamy design in Pebble Beach

Sat, 10 Dec 2016 00:38:33 UT

A team of designers relishing such demands recently completed work on a sophisticated three-bedroom hugging the sixth hole of the Monterey Peninsula Country Club golf course. “Everything in and around the home is custom designed to create the consummate California luxury lifestyle,” said Rebecca Kmiec, an independent photographer who assists the architectural firm behind the home with its marketing. Designed by esteemed architects Conrad Sanchez and Eden Asturi of Conrad Asturi Studios, 1113 Arroyo Drive employs a diverse material palette in a world-class setting. Steel counters and cabinetry finished in textured metallic laminate fashion the great room’s sleek bar. Professional appliances outfit a lavish eat-in kitchen accented by Carrara marble counters and a mirrored backsplash. “It’s about having the exterior facade relate to the home’s interior,” Kmiec said. An outdoor kitchen with a custom bar and dining area stretches behind the home. Designed by architect Conrad Sanchez and Eden Asturi of Conrad Asturi Studios, this freshly finished three-bedroom contemporary boasts an open floor plan with a centrally located hearth, a bar area, and a media lounge. Floor-to-ceiling windows frame the sixth hole of the Monterey Peninsula Country Club Dunes golf course and a rooftop screening area with theater-style seating crowns the rebuilt residence. The third bedroom opens to a private deck, while the master suite leads to a main patio.



Revitalized Craftsman anchors resort estate in Santa Rosa

Thu, 8 Dec 2016 22:11:18 UT

Striking vistas, resort amenities, grand proportions and many outdoor entertainment spaces await at this picturesque compound north of Crystal Lake. A fully updated Craftsman home with three bedrooms and an open floor plan topped by a cathedral ceiling serves as the centerpiece. An open kitchen with custom cabinets and integrated appliances includes a stone-topped island, while a sunroom contains an indoor grill. Wet bars are among the features of the dining room, master suite and media room — a touch clearly designed to encourage home entertaining. Don’t miss: Besides an orchard with scores of fruit trees, the picturesque grounds include an outdoor kitchen with custom seating, an illuminated sport court, a putting green, a hot tub and an infinity pool overlooking the canyon.




Retired Giants reliever Jeremy Affeldt selling $1.8M mountainside mansion in Spokane, WA

Thu, 8 Dec 2016 21:43:45 UT

At the end of the 2015 season, relief pitcher Jeremy Affeldt bid adieu to the San Francisco Giants and his big-league career, retiring at the age of 36 with three World Series rings. Now he's ready to say goodbye to his custom-built Craftsman-style home in Spokane, WA. It is listed for sale for $1.8 million.




Just Approved: Homeowner saves thousands by shopping online

Thu, 8 Dec 2016 19:31:03 UT

Ty Cabalsi’s borrower shopped for their refinance mortgage on the Internet and compared lenders, rates and fees. With the emergence of online mortgage lenders, significant savings are available to homeowners through efficient automation and an extremely competitive marketplace. The competition drives down the price of commodity goods, especially nontangible services with infinite supply. Cabalsi’s Internet company can only partner with investors who have emphatically committed to this model. Mortgage websites such as Zillow, Lending Tree and Bankrate request that Cabalsi’s company advertise interest rates on their pages to stimulate competition on their marketing platforms. The borrower begins by requesting a quote, and once they compare several competing offers, Cabalsi instructs them to lock the rate. The customer receives access to a licensed loan officer during business hours so borrowers aren’t on their own.



Obama Adviser and Uber Exec David Plouffe Buys $7.6M Home in San Francisco

Thu, 8 Dec 2016 18:21:47 UT

David Plouffe, political insider and former key adviser to President Barack Obama, has paid $7,625,000 for a 6,000-square-foot house in San Francisco, where he now works as Uber's strategic adviser.




What's cooking? Acclaimed chef Thomas Keller buys Napa home

Thu, 8 Dec 2016 12:00:00 UT

What's next for a chef at the top of his game? In late September award-winning chef Thomas Keller—owner of The French Laundry and other posh eateries (Per Se in New York City and Bouchon in Las Vegas) snapped up a 1960s ranch in Napa, CA.




New trilevel near Gourmet Ghetto has Golden Gate views

Tue, 6 Dec 2016 22:36:41 UT

Twice a week, The Chronicle features a home on the market that caught our eye for its architecture, history or character. Leading designers, builders and architects created this recently completed four-bedroom trilevel home near Berkeley’s Gourmet Ghetto neighborhood. Berkeley designer John Newton worked with developers Joseph Huayllasco and Jose Antonio Godinez on the residence accented with panels of red Western cedar and floor-to-ceiling windows. The entry level includes a family room with a wet bar and opens to a covered Ipe deck overlooking the grounds crafted by landscape architect Tracy Westphal. Thermador appliances outfit an open chef’s kitchen in the great room that’s finished with red cedar cabinets and quartz counters. Both the great room’s living and dining areas open to a view deck overlooking the bay. All three levels have outdoor spaces, while the bay and the Golden Gate Bridge can be seen from both the great room and master suite.