11680 Camp Oliver Rd, Adger, AL
Acreage with 300 feet of water frontage. On corner of Camp Oliver Road and Warrior River Highlands Drive. Build your dream home and watch the boats going up and down the river and the sun setting everyday.
Ryan Tedder, the OneRepublic frontman who’s also penned hits for Adele and Beyoncé, has paid $8.25 million for a West Hollywood manse, according to The Real Deal L.A. The 8,580-square-foot property, named Villa Orlando, was purchased through an LLC with links to the musician. The six-bedroom, 6.5-bath contemporary features an enormous master suite with balcony, a two-story detached casita, and a grilling area. Main-floor rooms open to a backyard with a 675-square-foot swimming pool, according to the listing. There’s a ground-floor guest room/office, and the roof has an open deck overlooking Century City, the Pacific Design Center, and the Hollywood Hills. This is the second Los Angeles–area home Tedder has bought in two years. In 2015, he paid nearly $20 million for two Trousdale Estates properties. He also reportedly paid $11 million for a colossal, Manhattan pad boasting six bedrooms. Tedder, 37, has been dubbed the “Undercover King of Pop.” He’s a songwriter, record producer, and lead vocalist for OneRepublic, a chart-topping band. He’s made hits for songbirds, including Demi Lovato, Ariana Grande, Jennifer Lopez, and Kelly Clarkson. He wrote “Halo,” by Beyoncé, and “Bleeding Love,” by Leona Lewis. Both occupy a coveted place on the Guinness World Records‘ best-selling singles of all time list—which, presumably, is why he can afford all these fabulous properties. The post OneRepublic’s Ryan Tedder Picks Up $8.25M West Hollywood Manse appeared first on Real Estate News & Advice | realtor.com®. via http://www.realtor.com/news/celebrity-real-estate/ryan-tedder-buys-west-hollywood-home/
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If natural light isn’t high on your wish list for your next home, we have a prime opportunity for you. This week’s most popular home on realtor.com® is an earth-sheltered structure in the Midwest. For those unfamiliar with earth-sheltered homes, they’re built into a berm with dirt and sod serving as a roof. And for those who do need to see the sun, a little light does peek through the front of this affordable specimen in Indiana. It’s a great deal for heating and cooling your home—but it can feel a bit like living underground. Priced at only $160,000 and coming with nearly 4 acres of land, it might be worth finding out just how important the elements are to your overall well-being. You also clicked on a midcentury classic in the unlikely locale of Knoxville, TN, a cool old farm near Columbus, OH, and three very different homes in Illinois. So grab a shovel and dig in to the full list of our most popular properties of the week. 10. Casanova # 19, Carmel, CAPrice: $1,200,000 ——-- 9. 1104 E Jefferson St, Bloomington, ILPrice: $279,900 ——-- 8. 6501 S County Line Rd, Burr Ridge, ILPrice: $10,950,000 ——-- 7. 116 W Beverly Ct, Peoria, ILPrice: $140,000 ——-- 6. 324 Radcliffe St, Bristol, PAPrice: $695,000 ——-- 5. 6475 Lilly Chapel Georgesville Rd, London, OHPrice: $250,000 The “millennial generation is interested in going back to the land,” she says, adding that prospective buyers swarmed this house only 20 minutes outside Columbus. Evans says they received multiple offers on the farmhouse and accepted the one from a buyer “who wants to take the farm back to its original roots.” ——-- 4. 4590 East Pike, Zanesville, OHPrice: $179,500 ——-- 3. 123 Spring Creek St, Lacy Lakeview, TXPrice: $1,200,000 ——-- 2. 1536 Lyons Bend Rd, Knoxville, TNPrice: $950,000 She says the home’s peaceful, tranquil feel is a result of intentional design choices made by architect Bruce McCarty. Built in 1959, this three-bedroom stunner was McCarty’s personal residence and has never been on the market. Set along the waters of the Tennessee River and featuring floor-to-ceiling glass, gorgeous wood cabinetry, and an ideal indoor-outdoor flow, it’s a true Mid-Century Modern gem in the Volunteer State. ——-- 1. 3930 W 700 N, Huntington, INPrice: $160,000 Ness says he’s had plenty of experience with homes other agents haven’t been able to sell, adding that he’ll bring that expertise to this atypical house. He says the nearly 4 acres of land around the home are a boon. For a buyer looking for something different, this is the place, he says. “It’ll be the easy way or the hard way—it’ll sell one way or the other.” The post Going Underground? Earth-Sheltered Home Is Most Popular of the Week appeared first on Real Estate News & Advice | realtor.com®. via http://www.realtor.com/news/trends/earth-sheltered-home-popular-homes/ 11680 Camp Oliver Rd, Adger, AL
Price: $70400
Acreage with 300 feet of water frontage. On corner of Camp Oliver Road and Warrior River Highlands Drive. Build your dream home and watch the boats going up and down the river and the sun setting everyday. 185 Big Shoals Dr #1.42 AC, Adger, AL
Price: $40000
1.42 Acres at the end of Big Shoals Dr with Creek frontage. Big Shoals creek connect to the Warrior River. Property has a septic and water meter. 185 & 193 Big Shoals Dr are being sold together. (Gate on road to property). 4381 Valley Ford Rd, Adger, AL
Price: $99500
This is a gorgeous cozy, quiet, country home on a calming 1.06 acres. Bus pick-up is at the front of the house. Oak Grove School System. This is a great home, in a quiet neighborhood. There is no crime rate noted in this awesome community of Adger. The den can be used as a 4th bedroom. Its located just out of the city but only a few miles to as much shopping for groceries or retail. 9835 Camp Oliver Rd, Adger, AL
Price: $65000
Tax Value at $91,600 -Take advantage of this Fantastic Buy of 14.3 Acres with 30+ years of Timber! Oak Grove Schools, great flat piece of property to build that Dream Home or great purchase for investment property. 228 Black River Ln, Adger, AL
Price: $224500
ALWAYS ON VACATION LIVING IN THIS HOME!! 3 Bedrooms/2Baths, DEEDED property, large Great Room with wood burning fireplace, huge sunroom with beautiful view, 33×44 aluminum deck over 2 stall boat house, plus 1 stall uncoverd and swimming area, concrete Sea Wall, 100+/- WATERFRONT, Large Shop with loft on top of hilljust to much tell a MUST see!! 311 Shores Camp Rd, Adger, AL
Price: $149900
2.5 acres of Deeded waterfront on the Warrior River. Two manufactured homes on the property, the main house has 3 bd 2 bath, dining room, eat in kitchen area with great views of the river, scraped hardwood laminate flooring, vinyl siding & metal roof for low maintenance. Enjoy sitting on the large wrap around deck area or screened in area sipping coffee and taking in the river views. Per seller approximately 400 ft of waterfront w/ deep water, easy access to the water and boat house w/lift. The other Manufactured home is a 1981 model 14×56 1 Bedroom & 1 Bath. Large covered carpo rt that will fit 4 vehicles. 2 outbuildings & carports to remain with the sale. Click on photo for additional pictures 1786 Bruce Shaw Rd, Adger, AL
Price: $259000
4 Bedroom/2 and a half bath brick home on 17.8 acres zoned for Oak Grove Schools. Metal roof under 5 years old, concrete driveway. Warrior River is just around the corner. Gas log fireplace in den, safe area in basement. 4522 Boston Rd, Adger, AL
Price: $130000
TWO HOUSES For Sale at this price. The first home features a main level 2 car garage, 3 bedrooms, 2 full baths, living area, laundry room on main level and a basement. SECOND home is 2 bedrooms and 1 bath. These are a handymans delight. 5.8 acres in all. OAK GROVE schools. Groundhog Rd #1, Adger, AL
Price: $18000
To come. 601 Old Patton Ferry Rd, Adger, AL
Price: $265900
Beautiful Country Home on 7.3+/- acres of pasture land. As you enter the foyer you have gleaming hardwood floors that lead into the open great room with vaulted ceiling, crown molding and a brick gas burning fireplace. Large eat in kitchen with plenty of cabinets, granite counter tops, and tiled floors, theres a little nook off the kitchen that is used as a computer work area. Formal dining room with trey ceiling, large master with walk in closet, tile surround jetted tub and separate shower. Upstairs you have a catwalk that over looks the great room, 2 large bedrooms one of the bedroom s has a sitting area, theres also a large bonus room or could be used as a bedroom w/private entrance and entrance from upstairs. This home has a main level garage and full basement with plenty of parking and storage. Large 30×40 insulated workshop with power and water, plenty of space to house your tractors, boats, etc. The land is absolutely beautiful. Zoned Oak Grove, just a few miles to the river. 75 River Oak Ln, Adger, AL
Price: $129900
Gorgeous View! Value is in the land. House was never completed. Great potential! This is deeded property on river. Has boat launch around the corner from property. 513 Black River Dr #.65 AC, Adger, AL
Price: $5000
corner lot with plenty of trees, fronts black river lane and black river drive run the length of black river drive, mobile home across the street so you should be able to have a mobile home 308 Bells Camp Rd, Adger, AL
Price: $39900
Great weekender or starter home. Warrior River Bells Camp. 2 BR but a bonus bunk room for the kids. Beautiful view of the river and access to boat launch and pier. Metal roof and heat pump. Leased property. 5634 Pleasant View Rd, Adger, AL
Price: $45880
Alert! This property has a newly disclosed reserve price of $45,880 for purchase. Visit the Auction.com property page to learn more. Investor opportunity! This property was recently foreclosed by a bank or financial institution and is now available to purchase online at Auction.com ending 05-05-2017. Visit Auction.com now to view additional photos, Property Reports with title information, Plat maps with property lines and Interior Property Inspection Reports when available. Auction.com sells properties across the country online for financial institutions and government agencies who are very motivated to sell to investors. Don’t miss this special opportunity to buy homes at wholesale prices! In our online auctions and live Foreclosure Sales, Auction.com currently has 74 properties scheduled for sale in Jefferson County and 352 throughout Alabama. All properties and sale details can be found with a simple search at Auction.com. Create a FREE account today to find more properties like this one, save searches of properties that meet your investment criteria and have the properties you’re looking for emailed directly to you when posted in an upcoming sale event. To view the complete details of this exact property, click the Auction.com link below or paste the Property ID 2208868 into the search bar at Auction.com 84 Shores Camp Rd, Adger, AL
Price: $57500
This home has 2 bedrooms and 2 baths. Very spacious and is located for the one that desires privacy. It also includes 3.5 acres. 12770 Edgewood Dr, Adger, AL
Price: $279900
This Full Brick Beauty sits on the middle of 2 lots to total 1 acre. It has 4 car garages (2 on main / 2 in bsmt) You walk in to a nice foyer with your formal dining room on the left. It goes into a huge kitchen area that has plenty of cabinets, an island and a breakfast bar. It also has a very large eating area with a door going out to back deck. The laundry room is right off the kitchen for added convenience. It has a large great room with a fireplace. There is a very large master bedroom with new hardwood floors. The master ba has a Jacuzzi tub, sep shower, double vanity sinks and hi s/her walk in closets. There is a 2nd br and 1/2 ba on main level. Upstairs you will find 2 huge bedrooms and a full ba with built in drawers. Attic storage and linen closet. Basement is partially finished with a rec room. It has 2 extra storage rooms that can be finished easily. The 2 car garage has an awesome workshop area and poured concrete walls. There is a nice screened porch in back. 343 Warrior River Highland Rd, Adger, AL
Price: $109900
Deeded waterfront on the Warrior River 2 homes on approx 1.4 Acres. The main house has 3 bedrooms 1 bath, formal living and den. This home has been updated the kitchen has beautiful oak cabinets & tile floors, gleaming hardwoods in the formal living room and den area. The bathroom has been updated with new tile floor, shower insert, high top vanity, & fixtures. Covered back deck that can have river views in the summer if you just did a little TLC on the landscaping. During the winter you will have river views. There is also a guest house that has 1 bedroom 1 bath does need some tlc bein g used as storage at this time. Per the seller there is a road/trail on the property that leads to the river just needs some work to be a usable road again. This waterfront home is price to sell quickly. Click on photo for additional pictures. 149 Sloughside Dr, Adger, ALThis Single-Family Home located at 149 Sloughside Drive, Adger, AL is currently for sale and has been listed on theochomesearch for 31 days. This property is listed by estates.auction.com. 149 Sloughside Dr has 3 beds, 1 bath, and approximately 1,678 square feet. The property has a lot size of 0.35 acres and was built in 1955. 149 Sloughside Dr is in the 35006 ZIP code in Adger, AL. 601 Darden Ln, Adger, AL
Price: $80000
Cabin on river; includes boathouse. Needs some TLC. Priced thousands below tax value. 970 Boat Works Rd, Adger, AL
Price: $109900
Bankhead Lake Warrior River. Deeded property is located on dead end paved road in Jefferson County, near Franklin Ferry Bridge. Boathouse is included. Year round water. New deck, exterior paint, and metal roof. via http://www.theochomesearch.com/houses-for-sale-in-adger-al/ President Donald Trump‘s proposed tax plan, which his administration is touting as the “biggest tax cuts in history,” might not be a net positive for home buyers, sellers, and owners, real estate professionals say. The National Association of Realtors® swiftly came out with a statement critiquing the first draft of the plan released on Tuesday, which the group characterized as potentially harmful to the housing market. “For over a century, America has committed itself to homeownership with targeted tax incentives that help lower- and middle-class families purchase what is likely their largest asset,” NAR President William Brown said in a statement. But under the Trump administration’s plan, “current homeowners could very well see their home’s value plummet and their equity evaporate if tax reform nullifies or eliminates the tax incentives they depend upon, while prospective home buyers will see that dream pushed further out of reach,” he said. The group pointed out that homeowners already shoulder 80% to 90% of the federal income tax burden. This could rise under the proposed plan. Details of the plan were scant. However, the current proposal calls for doubling the standard deduction that taxpayers can use to lower their tax burden. That deeply diminishes the value of the mortgage interest deduction provided to help homeowners defray costs, and may discourage people from buying homes. State and local tax deductions are also on the chopping block. This would hurt homeowners in the nation’s most expensive states the most, as they wouldn’t be able to deduct property tax payments from their federal taxes. And that could cost them hundreds, if not thousands, of dollars. “It’s not going to have an immediate impact [on residential real estate], because demand is very strong for housing,” says realtor.com® Senior Economist Joseph Kirchner. “What this will do is it will decrease affordability,” especially for the middle class. Bigger standard deductions could overshadow mortgage interest deductionsMortgage interest deductions are safe under the proposal. But doubling the standard deduction that Americans can take to lower their taxable income (and therefore their tax bills) could make that mortgage interest deduction much less valuable. That’s because homeowners can take it only if they forgo the standard deduction and itemize their deductions instead. Under Trump’s proposal, the standard deduction would rise from $6,350 to about $12,700 for individuals and from $12,700 to roughly $24,000 for married couples filing jointly. This means single filers wouldn’t owe the IRS anything on the first $12,700 they earn, and the same for married couples’ first $24,000 in income. “Doubling the standard deduction could severely marginalize the mortgage interest deduction, which would reduce housing demand and lead to lower home values,” Granger MacDonald, chairman of the National Association of Home Builders, said in a statement. About 32 million homeowners took the mortgage interest deduction in 2014, according to the most recent data available from the NAR. It saved households an average $2,173. The deduction is good only on homes worth up to $1.1 million. Writing off local and state taxes could become a thing of the pastThe new tax plan might also stop letting folks write off their state, local income, and real estate taxes, which include property taxes. That’s expected to hurt West Coast and Northeastern residents the most, as they have some of the nation’s highest tax rates. Those deductions can save folks thousands of dollars in some cases, says Roberton Williams, senior fellow at Urban-Brookings Tax Policy Center, a nonpartisan think tank based in Washington, DC. In 2014, about 37 million households deducted a total of $178 billion in local and state real estate taxes, according to the NAR. The deduction is popular with wealthier households. Only 10% of tax filers earning $50,000 or less claimed it in 2014, compared with 81% of those bringing home more than $100,000, the Urban-Brookings Tax Policy Center told MarketWatch. Sorry, freelancers, home office deductions could be in jeopardyPeople who work from home could also be hurt by the new plan, as home office deductions might vanish. These include insurance, utilities (like the ever-important power and Wi-Fi), repairs, and home depreciation, according to MarketWatch. The amount folks are allowed to deduct is based on the size of the dedicated workspace relative to the entire home. These miscellaneous itemized deductions must be higher than 2% of workers’ adjusted gross income. That’s generally a household’s taxable income before deductions and exemptions are factored in. So getting rid of the home office deduction “will have an impact on small businesses, startups, and consultants, who are all part of the middle class,” realtor.com’s Kirchner says. “These are all people who are potentially home buyers.” Renters could be affected, tooIt’s not just homeowners who could be affected by the tax cuts. Changes to the 1031 like-kind exchanges—what investors use to invest in commercial real estate—could affect how much money investors put into constructing new commercial real estate properties like apartment buildings. That’s because the exchanges let investors, like hedge funds, defer the capital gains taxes on sales of investment properties (like rentals) and reinvest that money into new, similar property purchases. Changes could make the exchanges less profitable, leading folks to invest elsewhere. And that could mean fewer apartment buildings and higher rents. “1031 like-kind exchanges help investors keep inventory on the market and money flowing to local communities,” NAR’s Brown said in a statement. But not everyone is worried. The cuts “wouldn’t generate enough tax revenue to be worthwhile,” says Jack Kern, director of research at Yardi Matrix, a commercial real estate data firm. Plus, he doesn’t believe too many investors would walk away from the more stable apartment development investments. “You don’t need an office. You don’t have to have a warehouse,” Kern says. “But you do need a place to live.” The post Will Trump’s Tax Plan Help or Hurt the Housing Market? appeared first on Real Estate News & Advice | realtor.com®. via http://www.realtor.com/news/trends/trumps-tax-plan-good-bad-home-buyers-sellers-owners/ Walk down Fifth Avenue in Manhattan, and you might be forgiven for overlooking this Beaux Arts mansion surrounded by newer and larger buildings. The historic manse on the Upper East Side is available for $50 million, making it this week’s most expensive new listing on realtor.com®. Completed in the early 1900s by Grand Central Terminal architects Warren & Wetmore, the palatial home is listed in public records as being owned by the Permanent Mission of Yugoslavia to the United Nations. The former republic, now broken up into multiple countries, is ready to let go of its New York City digs. Since the dissolution of Yugoslavia, the home has been used as the Permanent Mission of the Republic of Serbia to the United Nations. The home was reportedly built for $60,000 for R. Livingston Beeckman and his wife. It was sold to George Grant Mason in 1912, and then to Cornelius Vanderbilt’s granddaughter in 1925. After her death, Yugoslavia took possession of the building in 1946 for $300,000. There’s also a separate Park Avenue duplex that served as the ambassador’s residence, according to the New York Post. Now, the home is on the market for the first time in 70 years. It’s notable for its “rich historic provenance, palatial proportions inspired by the Palace of Versailles and original details by master artisans of the early 20th century,” according to the listing. New York’s Landmark Preservation Committee, which designated the address as historic in 1969, said, “Although this small town house is sandwiched between two large apartment buildings, their overpowering size cannot diminish the palatial scale nor the elegant grandeur of its architecture.” Even today, this petite palace holds its own among its newer and taller rivals. The mansion, with 20,000 square feet of living space, has nine levels and 10 rooms with Central Park views. The 18th-century French influence includes white marble stairs, stone balconies, and an ornate skylight in the grand entrance. A ceiling mural of cherubs graces the library, and paintings and decorative filigree add period flourishes on the walls and ceilings throughout. The property could be converted back to its original use as a grand mansion for a high net worth individual. Tristan Harper is the listing agent. The post Versailles-Inspired Mansion in NYC Is Most Expensive New Listing appeared first on Real Estate News & Advice | realtor.com®. via http://www.realtor.com/news/unique-homes/versailles-inspired-mansion-nyc/ David Duchovny would be proud. The house made famous by “Californication,” the cable-television show in which he starred from 2007 to 2014, was just sold for an eye-popping $14.6 million. And although public records show it was on the market for just three days, the buyer was actually ready to sign a contract before Venice, CA, architect David Hertz even considered selling it. The house had been a Venice icon long before it was featured in the Showtime series. Hertz designed it in 1995 and it became an instant landmark, setting the bar for the modern, sustainable design for which Venice is renowned. In addition to solar-thermal systems and natural ventilation, Hertz used a building material he invented, called Syndecrete Surfaces, for the countertops, sinks, and floor tiles. He also used recycled and sustainable wood, and engineered expansive glass walls, doors, and windows to allow indoor and outdoor spaces to merge seamlessly. The home’s overall style has been described as a melange of Balinese, Craftsman, and modern. Hertz had no plans to sell the house, which was his home base, according to listing agent Justin Alexander of Halton Pardee + Partners. But then colleague Nick Valencia, who heads a real estate investment group developing Hertz-inspired sustainable residences, also in Venice, came to the house for a meeting. Valencia valued the home not only as a place to live, but also as a work of art that would be impossible to duplicate, and made the $14.6 million offer. It’s the highest price ever paid for a home in Venice, where the median listing is a healthy $2.27 million. Anjelica Huston’s warehouse dwelling compound previously held the record, selling for $11.15 million. So after living in the area’s most cutting-edge home for over 20 years, what’s a visionary designer to do? Hertz’s vision for his own residential future has yet to be revealed, but “he’s not going anywhere,” Alexander says. His business will still be based in Venice, and we can’t wait to see what he dreams up next.
The post Ultramod ‘Californication’ House Goes for $14.6M in a Surprise Sale appeared first on Real Estate News & Advice | realtor.com®. via http://www.realtor.com/news/unique-homes/californication-house-venice/ When Joshua Bryan leaves his apartment to go to work, he travels up three stories, to the 40th floor of his building in Chicago’s South Loop neighborhood. There, he settles into a workspace with television screens, a kitchenette and sweeping views of Lake Michigan. For meetings, Mr. Bryan books a first-floor conference room with teleconference equipment and interactive white boards for presentations. The building also has a fifth-floor “Makerspace,” a shared office area with personal computers, a 3-D laser printer and a computerized milling machine for cutting and shaping metal or wood. The communal workspace is pretty much the reason I chose this building,” says Mr. Bryan, who is 37 and owns the Chicago franchise of Poop 911, a company for dog-waste removal. With his wife, Irene Rivera, a 36-year-old practitioner of alternative medicine, and cocker spaniels Gracie and Sophie, he rents a two-bedroom corner unit with floor-to-ceiling windows for $3,705 a month. Since moving there in December, Mr. Bryan has saved $1,500 a month in office rent he used to pay in a suburb—not counting the gas “and the years of my life sitting in Chicago traffic,” he says. Now, he likes to take work calls on a 40th-floor terrace, also equipped with TVs and Wi-Fi. One of today’s most practical amenities in residential buildings: shared office space equipped with the latest tech and communications equipment. With more Americans working from home, architects and developers are designing spaces that spare residents from conducting business at a Starbucks. At Mr. Bryan’s building, 1001 South State, developer Golub & Co. hoped to build a creative, techie vibe for young professionals. The idea, says president and chief executive Michael Newman, was to differentiate the building and charge higher rents than what is typical for the neighborhood. Developers say amenities such as communal offices and gyms also keep revenue in the building, rather than residents paying for them elsewhere. In 2016, 15 million workers, or 10% of the American workforce, were self-employed, according to the U.S. Bureau of Labor Statistics. Along with telecommuters, consultants and others with flexible schedules, they make up a sizable market of renters and home buyers in need of living space that fits their lifestyle. For single-family houses, home builders are now conceiving floorplans with fully wired “flex space” suitable as an office area. In apartment buildings, they are installing work lounges inspired by the creative work environments of the tech world—less business center and more cyber-café—with big windows, hip furniture and often, free coffee. Shared office space reflects the tastes of young Americans growing into the real-estate market. Those in their 20s and 30s are more social than their parents were, architects say, and need larger spaces for public amenities and smaller private apartments. Whether at work or play, they note, young renters and buyers need functioning electronics, electrical outlets and Wi-Fi everywhere in a building. And even if freelancing, observers note, young adults crave the camaraderie that comes with an old-fashioned office. “It’s not just giving them a space to work in the building, but a space to interact with fellow residents—for sharing ideas, social events and for being part of a bigger community,” says Rohit Anand, principal in the Tysons, Va., office of Irvine, Calif.-based KTGY Architecture + Planning. Community was a draw for 31-year-old Michael Weinberger, who moved into a new KTGY-designed building in Washington, D.C., on April 12. The building, called AVA NoMa for its location in the bustling North of Massachusetts Avenue district, has an open-plan ground floor, where chill-out seating groups are adjacent to a long work table reminiscent of Apple Inc.’s Genius Bars. Mr. Weinberger, a transportation planner with Rockville, Md.-based Foursquare ITP, works remotely two days a week and plans to use the space on those days. For meetings or Skype calls that require privacy, there are enclosed workstations with sliding doors. “There was no other place that was going to make telework so convenient,” says Mr. Weinberger, who leases a 650-square-foot studio for $1,950 a month. The building’s open ground floor, he says, is “like I’m going to a coffee shop without going to a coffee shop.” Mr. Weinberger also hopes to use other amenities, such as a bike-repair shop and yoga studio, now nearly ubiquitous in new buildings, along with pet spas, gyms and outdoor hot tubs. In most cases, renters don’t pay extra to use the amenities. Even luxury condo developments lure buyers with facilities for at-home work. 50 West, a new residential tower in Manhattan’s Financial District, where a three-bedroom, 3,400-square-foot penthouse costs $24.5 million, lists a “laptop bar” among the amenities on its entertainment floor. The building, designed by Chicago-based architect Helmut Jahn, also has 15 office condominiums with a separate entrance that residents can buy separately from their apartments. Prices for the office condos range from roughly $500,000 for a 260-square-foot space to $1.4 million for a 740-square-foot space. The offices, which are set to be completed in the summer, are drawing interest from foreign buyers who need workspace when in New York, says Francis Greenburger, founder and chief executive of real-estate firm Time Equities Inc., which developed the building. He predicts that the suites will also appeal to New Yorkers like himself. “I work a lot at the office, but I have adopted a mobile lifestyle, where I work from home early in the day and on weekends,” says Mr. Greenburger, who bought an office condo in the building to complement his main office on Fifth Avenue. Self-employment rates are higher for older Americans than for younger workers, according to the Bureau of Labor Statistics, and new homes targeting mature buyers reflect this trend. At Chelsea Heights, a development in Silver Spring, Md., developer EYA built townhouses with a flex space on the ground floor, which many owners use as an office. In 2015, Michael Shulman and Jackie Judd paid $950,000—more than they planned—for a 2,600-square-foot townhouse in Chelsea Heights. It has three bedrooms, along with flex space. “The flexibility of the floorplan was very important to us,” says Mr. Shulman, a 60-year-old investment adviser who runs an online service called “Options Income Blueprint” from his townhome’s first-floor flex space. Ms. Judd, a freelance journalist, works on the townhome’s third floor, far away from her husband’s frequent webinars. “We don’t get into each other’s way during the day,” says Mr. Shulman. “You know that old saying: I married you for better or for worse, but not for lunch.” Lisa Phillips Visca, a writer and script consultant in Los Angeles, works out of her three-bedroom, 2,200-square-foot condominium at Playa Vista, a planned community on the Westside of the city. At least once a day, she leaves to get air, grab coffee or lunch or shop for groceries. With her husband, Dennis Visca, a garment-industry executive, she moved from a larger house in Pacific Palisades in January. The couple was drawn to the vibe and walkability of the neighborhood, which locals call Silicon Beach for its lively technology scene, with startups and offices of tech titans such Google and YouTube. The Viscas, both empty nesters in their 50s, paid $2.1 million for their condo, located in a modern brick building designed by KTGY. Mr. Visca took the unit’s flex space as his home office, while his wife uses one of the bedrooms for her work, which includes directing and producing films, plays and television shows. Ms. Phillips Visca starts the day as early as 3 a.m. with coffee in her office, conveniently located on the far end of the space, away from master bedroom and living room. “There is perfect privacy,” she says. For a creative person working from home, she says, “the floorplan was a huge bonus.” The post Working From Home? Real-Estate Developers Are Here to Help appeared first on Real Estate News & Advice | realtor.com®. via http://www.realtor.com/news/trends/working-home-real-estate-developers-help/ The family of the late NASA astronaut Gene Cernan—the last man on the moon—has put his 6,067-square-foot, Houston-area mansion on the market for $2.55 million. Cernan was one of just 12 people to walk on the moon. In 1972, he led the Apollo 17 mission, spending three days on the lunar surface, driving 22 miles in the lunar rover, and collecting 252 pounds of lunar rocks and other scientific samples. When he returned to Earth, he retired from the Navy and entered civilian life. About 15 years ago he and his wife picked up this four-bedroom, 3.5-bath Mediterranean-style mansion in the upscale suburb of Piney Point—less than an hour’s drive away from the Johnson Space Center, where the Apollo 17 command module is displayed. The home “sits on over eight-tenths of an acre and has a gorgeous, tropical setting,” says listing agent Clint Simpson. “They made a big lot feel very inviting. Everywhere you look, there’s gorgeous views of the yard.” Nearly every room on the lower level has french doors, which let in plenty of natural light and provide views of the landscaped courtyard and backyard. The home opens to a large living room with a cathedral ceiling, chandelier, fireplace, and french doors. The open-concept kitchen features an island, breakfast bar, granite countertops and backsplash, gas range, and stainless-steel appliances. The dining room is anchored by a stained-glass window. A bank of french doors and skylights runs the length of the dining room and kitchen. Elsewhere, there’s a sitting room with fireplace, built-in bookcases, and french doors. The master bath has a soaking tub and separate shower. There’s a walk-in closet, upstairs entertainment area, and more stained-glass windows. Outside, there’s a pool, cabana, and enough space in the backyard to play soccer and football. Simpson, who’s also a family friend, says Cernan’s office was filled with memorabilia from his career at NASA, including a number of lunar rocks. Cernan died in January; he was 82. While his NASA colleague Neil Armstrong was the first man to walk on the moon, Cernan’s mission just three years later closed a major chapter in the space race. As he climbed the ladder into the lunar module for the last time, he knew he’d be the last person to walk on the moon for decades. “Bob, this is Gene and I’m on the surface,” he said. “As I take man’s last step from the surface, back home for some time to come—but we believe not too long into the future—I’d like to just say what I believe history will record: that America’s challenge of today has forged man’s destiny of tomorrow. And, as we leave the moon at Taurus—Littrow, we leave as we came and, God willing, as we shall return, with peace and hope for all mankind.”
The post Home Owned by the Last Man on the Moon Lands on Market in Houston appeared first on Real Estate News & Advice | realtor.com®. via http://www.realtor.com/news/celebrity-real-estate/moon-astronaut-eugene-cernan-houston-area-home/ The Encino, CA, home that once belonged to rock legend Tom Petty has been through fire, divorce, bankruptcy, foreclosure, tenants from hell, and even a SWAT team invasion. After all the drama, it recently staggered back on the market for $2.83 million. The current homeowner is JPMorgan Chase bank, which is committed to selling the property in 90 days. However, listing agent Christian Stevens believes the place will be on the market for only a couple of weeks, even though it might be a bit overpriced and is known as a “star-crossed house.” So what’s with this ill-fated house? The history will floor you. It started in 1987, when Petty and his family were eating breakfast and an arsonist lit the wooden staircase on fire. Almost everything burned down, except for the basement recording studio. Because the property was in an exceptional location that was private and wooded, the family decided to rebuild, in a style Stevens calls “Big Bear cabin meets Trousdale Estates.” The style was eclectic, with secret passageways and nooks, and ladders and lofts. And as much as the rocker enjoyed it, his ex-wife, Jane, acquired it in their 1996 divorce settlement. She converted the basement studio into an apartment, and put the five-bedroom, eight-bath house on the market in 2013 for $3.58 million. However, the home remained unsold. According to Stevens, there were a number of reasons it never changed hands. At the top of the list was the fact that Jane owed considerably more on the house than what it was listed for. Stevens says apparently no one had advised Jane on the concept of a short sale, which might have remedied the situation. With no sale on the horizon, the bank began to foreclose on the house. Jane then declared bankruptcy, immersing the property in legal entanglements for several years. While the legal wrangling was underway, the house was rented out to a professional party person, who held wild (and often illegal) bashes on the premises, with guests invited through social media and admission charged at the door. “We’re not quite sure what went on at those parties,” says Stevens, “but we did find photos of pole dancers in the drawers in various rooms with names like Tiffany and Cartier.” Believe it or not, the story gets worse. When bank representatives went to evict the tenant, Stevens says, the guy wouldn’t allow anyone in, not even the sheriff. He posted a sign on the gate threatening violence and stating that trespassers would be prosecuted and subject to military law. The police proceeded to storm the property with a SWAT team, helicopters, and black vans. The tenant was found hiding in one of the house’s many nooks and was hauled off to jail. Which brings us to today. The listing pictures don’t reveal the home’s sordid past—but a full disclosure of the home’s history is available to all interested buyers. When they consider the luxurious home with canyon views and a stellar location, they might be willing to overlook the troubled history. Plus, actor Vin Diesel is reported to be living on one side and a 30,000-square-foot home is being built on the other side. All three properties are surrounded by large walls, gates, and mature foliage. That kind of privacy is rare in these parts. Stevens predicts that if someone with a strong vision pays the asking price, overlooks the “creepy” history, and spends a million dollars on a renovation, he’ll have himself a “$5.5 million home.” “The perception is that if it’s owned by a bank, it’s a good deal,” says Stevens. A buyer who won’t back down could score quite a deal. The post Learnin’ to Buy? Tom Petty’s Former Encino Home Has a Sordid Past appeared first on Real Estate News & Advice | realtor.com®. via http://www.realtor.com/news/celebrity-real-estate/tom-petty-former-encino-home/ In some places, half a million bucks will land you—well, maybe not a palace, but definitely a four-bedroom pad with plenty of room to relax and maybe even a stunning lake view. In the priciest markets, though, $500,000 is merely starter-home money—and you’d be lucky to find one. Ready to step up to the half-million mark? Take a look at how amenities and sizes vary by region, from a waterfront perch in Portland, OR, to a home on the shore of a 10-acre lake in Houston. 2051 N. Jantzen Ave, Portland, ORSquare footage: 1,692 ——-- 3965 La Cresenta Rd, El Sobrante, CASquare footage: 1,779 ——-- 3402 Softrain, San Antonio, TXSquare footage: 3,335 ——-- 8919 Lakeshore Bend Dr, Houston, TXSquare footage: 2,700 ——-- 5416 W. Ardmore Ave, Chicago, ILSquare footage: 1,950 ——-- 548 Woodruff Place East Dr, Indianapolis, INSquare footage: 5,334 ——-- 444 Poplar St, Philadelphia, PASquare footage: 1,831 ——-- 5871 NE 21st Dr, Fort Lauderdale, FLSquare footage: 1,695 The post With $500K to Burn, What Homes Can You Buy? appeared first on Real Estate News & Advice | realtor.com®. via http://www.realtor.com/news/trends/what-homes-can-you-buy-half-million/ |
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April 2021
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