5705 Hermosilla Avenue Atascadero

HUD allows “monetization” of the tax credit.

trishah — Thu, 11 Mar 2010 17:10:11 +0000

HUD will allow buyers using FHA-insured mortgages to apply their anticipated tax credit toward their home purchase immediately rather than waiting until they file their 2009 or 2010 income taxes to receive a refund. These funds may be used for certain downpayment and closing cost expenses.

Under the guidelines announced by HUD, non-profits and FHA-approved lenders are allowed to give home buyers short-term loans. The guidelines also allow government agencies, such as state housing finance agencies, to facilitate home sales by providing longer term loans secured by second mortgages.

Housing finance agencies and other government entities may also issue tax credit loans, which home buyers may use to satisfy the FHA 3.5 percent downpayment requirement.

In addition, approved FHA lenders can purchase a home buyer’s anticipated tax credit to pay closing costs and downpayment costs above the 3.5 percent downpayment that is required for FHA-insured homes.

More information about the guidelines is available on the NAHB web site. Read the HUD mortgagee letter (pdf) and an explanation of the FHA Mortgagee Letter on Tax Credit Monetization (pdf). An FAQ about monetization (pdf) is available at the NAHB web site.

Hermosilla Vegetation

trishah — Mon, 01 Mar 2010 23:13:45 +0000

Cypress

Pink & White Oleanders

Coast Live Oak #1

Coast Live Oak #2

Ligustrum Wax Leaf

Heavenly Bamboo

Daffodils

Alyssum

Phontinia Red Tip (3)

Toyon

Rosemary

Gazania

California Redbud #1

California Redbud #2

Fatsia japonica

Red Rose

Lady Banks Rose

View of the vacant side lot adjacent to us

Apricot Tree

This photo was taken on our back property line. I can see the possibilities for an amazing hillside garden!

Homebuyer Tax Credit Extended

trishah — Mon, 01 Mar 2010 22:41:34 +0000

Tax Credits Provide Outstanding Opportunities for Home Buyers

“The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.

For sales occurring after November 6, 2009, the Act establishes income limits of $125,000 for single taxpayers and $225,000 for married couples filing joint returns.

The income limits for sales occurring on or after January 1, 2009 and on or before November 6, 2009, are $75,000 for single taxpayers and $150,000 for married taxpayers filing joint returns.”

Room to Move

trishah — Mon, 01 Mar 2010 22:30:57 +0000

What’s great about this property is that there IS room to move! The lot size is 11,160 SF (.25 Acres)…not too big, not too small…just right. There’s definitely room to make this yard your own and still not be weighed down by weekend yard chores. Are you desiring a spa, hillside garden, lawn, Koi pond, room for Fido, or a putting green? Well, come on home to Hermosilla and watch your ideas blossom into reality. Looking for the perfect place for the little ones to burn off a little energy and enjoy the great outdoors? Well, we’ve already got a great quality play structure designed for children ages 3 to 12. The play structure can stay for those of you with children or it can be removed for those creative individuals who wish to design your space.

What is this underhouse storage?

trishah — Mon, 01 Mar 2010 22:06:23 +0000

It is referred to as a “walk-out” basement as it is ground level with full height access. The first 8′ X “Length of front of house” is about 7′ clear. From there, the hillside slopes up to the back of the house. There is an almost full length built-in workbench setup along the front wall (20-22 feet of work surface), shelving, and shop lights. There is no floor though (natural dirt surface). This is the perfect area for storing all of the normal outdoor items you’d usually find in a garage. There’s space for surfboards, kayaks, lawn mowers, bicycles, ladders and more. There’s probably more storage possibilities here then in a ‘normal garage”. The water heater is located in here and there’s great access to all of the house plumbing and venting systems.

Don’t be mistaken though, if you’re looking for a bonus room, this is not it. You’d have to remodel the space with flooring and walls.

Here is an amazing photo of the water heater! =o)

I’m Interested …Now What?

trishah — Mon, 01 Mar 2010 21:48:39 +0000

1. If interested in the house give us a call at 805-703-0162 or email.

2. We’ll arrange for a house showing that is convenient with your schedule.

3. We’ve lived in the house for 6 years and we have the comprehensive knowledge necessary to answer any of your questions or concerns during the showing.

4. If you’re interested in making an offer on the house, we have all of the necessary California Real Estate Documents required to make an offer. We can email, fax, or hand deliver them to you. We can quickly negotiate the price and details of the transaction!

5. When both the buyers and sellers are happy with the contract …then escrow can be opened!

6. You’re on your way to owning your NEW home!

Fidelity National Title Company https://www.fntic.com/ can do an excellent job with the escrow process. If you’d like to learn more about the escrow process, you can find a wealth of information from Fidelity National Title Company at https://www.fntic.com/whatpartydoes.asp

Darkroom?

trishah — Mon, 01 Mar 2010 21:35:19 +0000

What is a darkroom and why does your house have one?

A darkroom is a room that can be made completely dark to allow the processing of light sensitive photographic materials. Our darkroom is not a bonus room. It is a small area accessible through the master bedroom’s walk in closet. It has shelving, two lights, a sink, and it has a pocket door. It is the size of a closet. The house website has floor plans that show the location & size of the darkroom.

I’m not into photography. What am I going to do with this space?

Well, it can be used as a lockable storage area or you could just increase the size of the master closet. You could easily remodel this area and put in a lovely soaking tub because the plumbing is right there and easily accessible.

Atascadero Activities

trishah — Mon, 01 Mar 2010 17:33:24 +0000

“Atascadero is rich with recreational opportunities. Beaches are only minutes away and prove to be one of the Central Coast’s major attractions. They host surfing, fishing, swimming, boating or simply sightseeing. Thousands of acres of vineyards, prestigious wineries, almond orchards, unspoiled lakes, biking, parks, swimming, Hearst Castle, Atascadero Zoo, and outdoor activities of all kinds, all within minutes from Atascadero. Please check out www.visitatacadero.com!”

95 acres of City Parks

Paloma Creek Park
11665 Viejo Camino

2 lighted softball fields

Equestrian Arena

Little League Field

2 Multi-Purpose Fields

Group BBQ area

Atascadero Lake Park
9305 Pismo Ave.

BBQ areas (available for rent)

Sand Volleyball Court

Playground

Boat Rentals

Horseshoe Pits

Walking Path around Lake

Wading Pool

Colony Park
5599 Traffic Way

2 Softball Fields

Playground

Charles Paddock Zoo
9305 Pismo Ave.

Recreational Lakes

Nacimiento Lake

Lake San Antonio

Santa Margarita Lake

Golf Courses

Chalk Mountain Golf Course (18 hole)

Local Recreation Activities

Mountain Biking

Hiking

Motorcycle/BMX riding

Recreation Center

Skate Park

Beautiful Ceilings…Cabin Like Feeling

trishah — Mon, 01 Mar 2010 05:23:45 +0000

Reasons Why I Love Atascadero

trishah — Mon, 01 Mar 2010 05:03:31 +0000

1. You’re just a quick drive away from the most beautiful central CA beaches. My favorite are: Morro Bay, Montana De Oro, Cayucos, San Simeon, Cambria, Avila, Shell Beach, Pismo, and Oceano. You can surf, kayak, scuba, sight see, fish, watch the whales migrate, play in the sand, go tidepooling, hike, camp, and enjoy the fresh ocean air.

2. The trail around Atascadero Lake is the perfect place to walk with family & friends. Kids will love watching the swans, geese, ducks, hawks, squirrels, woodpeckers, turtles and don’t forget the zoo animals. My kids love the playground! There are summer concerts and BBQs in the park. The lake is a very special place, in a way it feels like the heartbeat of Atascadero. The lake is a five minute drive from the house.

3. The oak trees and rolling hills are gorgeous!

4. No big city traffic jams!

5. Farmer Markets

6. Atascadero’s Winter Wonderland & Holiday Walk Around the Lake

7. People actually smile and say hello when you pass by them on the street.

8. Great schools & there’s a fine art’s academy option for junior high.

9. The zoo

10. Homes are much more affordable than in San Luis Obispo. But, you still get to enjoy all the lovely things in San Luis Obispo County like:

a. Monarch Grove in Pismo

b. Hearst Castle

c. Elephant Seals of San Simeon

d. Great Universities like Cal Poly and Cuesta Community College

e. There are golf courses, wineries, & charming unique shops

and the list goes on and on!