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Real estate news: Applications reopen for affordable homes in Brea; prices start at $320,000

Also in the news: A business park in Santa Ana has been sold to a Chinese holding company for nearly $43 million, according to Newmark Knight Frank.

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Applications are being accepted in a newly opened second round for a small collection of affordable homes in Brea.

The Flats at West Village include 20 “stacked” flats across from Central Park in northwest Brea. Prices begin around $320,000 and rise to $500,000, with all units reserved for income-approved buyers.

The builder and the city opted to postpone the buying process, which first launched in late January, and have since expanded the income requirements by roughly $4,000-$5,000 to widen the pool of applicants.

The project by Trumark Homes includes three one-bedroom units selling for $320,000, seven two-bedroom units selling for $420,000 and 10 three-bedroom units priced at $500,000. The condo-like homes are stacked on top of garages and first-floor units. More details are available at bit.ly/3qVpBuK.

Applicants must earn no more than $102,450 in 2021 for a two-person household and $128,050 for a family of four, according to the city’s website.

Eight floor plans range from 791 square feet to 1,624 square feet with all homes including walk-in closets, washer/dryer space, an outdoor deck and direct garage access.

Applications officially reopened July 12.

For more information, go to bit.ly/3hO4DMZ

A business park in Santa Ana has been sold to a Chinese holding company for nearly $43 million, according to Newmark Knight Frank. The six-building office complex, now called AD/6 and formerly Deere Alton Business Park, sold for $42.8 million. The 188,714-square-foot campus is 87% leased, Daum said. The buyer was Henghou Investment Holding Inc., which is based in Zhejiang, China. (Courtesy of Newmark Knight Frank)Santa Ana campus sells for $43 million

A business park in Santa Ana has been sold to a Chinese holding company for nearly $43 million, according to Newmark Knight Frank.

The six-building office complex at 1920, 1924, 1928, 1932, 1936 and 1940 East Deere Ave., now called AD/6 and formerly Deere Alton Business Park, sold for $42.8 million. The 188,714-square-foot campus is 87% leased, Daum said.

The buyer was Henghou Investment Holding Inc., which is based in Zhejiang, China.

Newmark’s Kevin Shannon, Paul Jones, Sean Fulp, Mark Schuessler and Brandon White represented the seller, Preylock Holdings.

A Southern California investor has sold a Culver City property leased to Starbucks and bought two other Starbucks properties in different states, all part of a 1031 exchange managed by Hanley Investment Group Real Estate Advisors in Corona del Mar and Enduring Real Estate in San Diego. The combined value of the sales was approximately $10 million, Hanley reps said. (Courtesy of Hanley Investment Grojup)3 coffee shops to go, please

A Southern California investor has sold a Culver City property leased to Starbucks and bought two other Starbucks properties in different states, all part of a 1031 exchange managed by Hanley Investment Group Real Estate Advisors in Corona del Mar and Enduring Real Estate in San Diego.

The combined value of the sales was approximately $10 million, Hanley reps said.

The Culver City property lacked a drive-through, something the two newly built properties procured in Ocala, Fla., and Alexandria, La., did have.

In the last 24 months, Hanley Investment Group said it has sold or has in escrow 31 Starbucks properties across the U.S.

A 12,000-square-foot industrial building leased to collision repair operator Service King in Huntington Beach has sold for $3.65 million. DAUM Commercial Real Estate Services represented the seller and found the buyer, both of whom were not identified. The property at 18302 Gothard St. sits on just over a half-acre. Courtesy of DAUM Commercial Real Estate)Industrial sale in Surf City

A 12,000-square-foot industrial building leased to collision repair operator Service King in Huntington Beach has sold for $3.65 million.

DAUM Commercial Real Estate Services represented the seller and found the buyer, both of whom were not identified.

The property at 18302 Gothard St. sits on just over a half-acre.

Birtcher breaks ground on mega-IE center

Newport Beach-based Birtcher Development has broken ground on Birtcher Oak Valley Commerce Center, a 125-acre industrial development in Calimesa in Riverside County.

The firm said it has its eyes on the Inland Empire’s hot industrial market with this center aimed at “big-box tenants with warehousing and distribution needs.”

Four Class-A industrial buildings in the complex will span nearly 2.2 million square feet. The project is near the I-10 freeway and close to Redlands, which also is home to distributors including Amazon and XPO Logistics.

“We are bullish on the growth in the Oak Valley I-10 corridor given its strategic location just beyond Redlands and deep untapped labor market,” said Brooke Birtcher Gustafson, managing director at Birtcher Development.

The seller, principals of Oak Valley Development Co., owned the property since 1997 and obtained entitlements for the project earlier this year.

QuadReal Property Group is a joint venture partner in the project.

Kristie Goshow is the new chief commercial officer at Irvine-based KSL Resorts. Jim Madrid?is the new office leader in Newport Beach?office?for McCarthy Building Co.s’ Southern California?region.On the move

Kristie Goshow is the new chief commercial officer at Irvine-based KSL Resorts. She assumes the position following the retirement of former KSL Resorts’ CCO Jeff Senior, who led the transformation of Orange County’s former St. Regis in Dana Point into the Monarch Beach Resort. Goshow has some 20 years of hospitality industry experience and was most recently chief marketing officer for Preferred Hotels & Resorts. There she was in charge of brand strategy, strategic partnerships, global merchandising and digital marketing.

Jim Madrid is the new office leader in the Newport Beach office for McCarthy Building Co.s’ Southern California region. He’s been tasked with managing the commercial business unit. With 37 years in the construction industry, the company said Madrid has made big contributions to some of McCarthy’s most successful projects. Previously, he ran offices for Kinetics and Southland.

Real estate transactions, leases and new projects, industry hires, new ventures and upcoming events are compiled from press releases by contributing writer Karen Levin. Submit items and high-resolution photos via email to Business Editor Samantha Gowen at sgowen@scng.com. Please allow at least a week for publication. All items are subject to editing for clarity and length.

The project by Trumark Homes includes three one-bedroom units selling for $320,000, seven two-bedroom units selling for $420,000 and 10 three-bedroom units priced at $500,000. The condo-like homes are stacked on top of garages and first-floor units. More details are available at bit.ly/3qVpBuK.

Source: https://www.ocregister.com/2021/07/16/real-estate-news-applications-reopen-for-affordable-homes-in-brea-prices-start-at-320000/

Real Estate

Real Estate Transfers: Nov. 25, 2021

Listings prepared for Times Review Media Group by Suffolk Research Service, October 10-16, 2021. AQUEBOGUE (11931) • Hopkins, T, to Fitzgerald, Marilyn, 27 Summerfield Ln S,Unit 27 (600-45.1-1-27), (R), $570,000 CUTCHOGUE (11935) • Lademann, J, by Executor to Dalton Studios LLC, 3900 Alvahs Ln (1000-102-4-3.2), (R), $445,000 • Rimor Development LLC to Davis, Linda, 24…

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Listings prepared for Times Review Media Group by Suffolk Research Service, October 10-16, 2021.

AQUEBOGUE (11931)

• Hopkins, T, to Fitzgerald, Marilyn, 27 Summerfield Ln S,Unit 27 (600-45.1-1-27), (R), $570,000

CUTCHOGUE (11935)

• Lademann, J, by Executor to Dalton Studios LLC, 3900 Alvahs Ln (1000-102-4-3.2), (R), $445,000

• Rimor Development LLC to Davis, Linda, 24 Harvest Pointe Ln #90 (1000-102.1-2-34), (R), $855,000

• Neumann, M, Trust to Kurland, Orin, 3785 Vanston Rd (1000-111-11-3), (R), $851,500

EAST MARION (11939)

• Oki-Do Ltd to FTKS Holdings LLC, 2835 Shipyard Ln (1000-38-7-7.1), (C), $6,000,000

FLANDERS (11901)

• Lippe, R, to PS1946 Properties LLC, 68 Glider Ave (900-142-3-20), (V), $130,000

• Van Vliet, L & M, to Baig, Tahir, 75 Topping Dr (900-164-4-28), (R), $550,000

MATTITUCK (11952)

• Drum, M, by Executors to McGlone, Timothy, 2305 Mill Rd (1000-100-3-18), (V), $237,000

• Ben Ami, G & T, to Lipschitz, Hilton, 1060 Fox Hollow Rd (1000-113-6-23), (R), $1,590,000

• Delvecchio, C & M, to Ketcham, Robert & Matthew, 770 Harvest Ln (1000-120-3-8.11), (R), $780,500

• Comerford, V, to Herrmann, Ronald, 2200 Camp Mineola Rd (1000-122-4-39), (R), $705,000

• Fox, G, to Arra, Dake, 410 Bay Ave (1000-143-3-9), (R), $400,000

RIVERHEAD (11901)

• Blake Realty LLC to Martinez, Fredy, 27 Cruise St (600-13-3-49), (R), $420,000

SHELTER ISLAND (11964)

• Hassman, R, to Giallorenzi, John S, 91 S Ferry Rd (700-23-3-2), (V), $460,000

SOUTHOLD (11971)

• Feldis, T, by Tr to Feldis, Kevin, 18175 Soundview Ave (1000-51-1-9), (V), $12,000

• Esteves Holding Corp to O’Leary, Kevin, 6505 Horton Ln (1000-54-7-17), (R), $1,200,000

• Tinnelly, C, to Akan, Osman, 450 Mechanic St (1000-61-4-14), (R), $656,000

• Granfort, S & L, to Mrva, Maria, 2555 Youngs Ave, #15A (1000-63.1-1-21), (C), $536,000

• Lengua, C & C, to Lengua, Lucia, 250 Jernick Ln (1000-70-3-17), (R), $525,000

• Kay, S, Family Trust to Fay, Lawrence, 6280 Main Bayview Rd (1000-78-5-6), (R), $800,000

• Phelan, S & M, by Executor to Koke, Michael, 595 Reydon Dr (1000-79-5-14.5), (R), $1,050,000

WADING RIVER (11792)

• Popovitch, J, to Culhane, Terrence, 140 North Woods Dr (600-36-2-1.5), (R), $930,000

• Buckley, M, to Doherty, Christopher, 89 Leonard St (600-54-3-11), (R), $425,000

(Key: Tax map numbers = District-Section-Block-Lot; (A) = agriculture; (R) = residential; (V) = vacant property; (C) = commercial; (R&E) = recreation & entertainment; (CS) = community services; (I) = industrial; (PS) = public service; (P) = park land; as determined from assessed values in the current tax rolls.)

Source: https://riverheadnewsreview.timesreview.com/2021/11/108072/real-estate-transfers-nov-25-2021/

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Routt County real estate sales total $26M for week of Nov. 5 to 11

Real estate transactions in Routt County totaled $25,763,148 across 31 sales for the week of Nov. 5 to 11.

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Real estate transactions in Routt County totaled $25,763,148 across 31 sales for the week of Nov. 5 to 11.

Address: 51400 Routt County Road 129

Seller: Magnum Ventures LLC

Buyer: FOS Steamboat LLC

Date: Nov. 5, 2021

Price: $3,950,000

Property Description: 720-square-foot, one-bedroom, one-bath residence and 4,783-square-foot, four-bedroom, 5 1/2-bath residence on agricultural land, Parcel 1 at Taylor Spring Ranch Exempt No. 2. SECS 9-16-85 and 16-8-85. Last sold for $2,925,000 in 2017.

Address: No address

Seller: Circle 8 Ranch

Buyer: Horizon Elk Ranch LLC

Date: Nov. 5, 2021

Price: $975,000

Property Description: SECS 27-6-89, 33-6-89, 34-6-89, 3-5-89, 4-5-89.

Address: No address

Seller: Janet K. Fine

Buyer: Adrienne N. and Benjamin D. Hunter

Date: Nov. 5, 2021

Price: $10,000

Property Description: 0.83 acres of vacant residential land, Lot 126 at Sky Hitch IV at Stagecoach.

Address: No address

Seller: 2006 Cable Family Trust

Buyer: Lindsay A. and Matthew P. Schartz

Date: Nov. 5, 2021

Price: $435,000

Property Description: 832-square-foot, one-bedroom, one-bath condo, Unit 104, Building A at Ski Ranch on Mount Werner Condo.

Address: 2420 Ski Trail Lane

Seller: Jes Family Parnership LLC

Buyer: Trime Forza LLC

Date: Nov. 5, 2021

Price: $875,000

Property Description: 980-square-foot, two-bedroom, two-bath condo, Unit 407 at Bear Claw II Condo. Last sold for $159,800 in 1981.

Address: No address

Seller: Trout123 LLC

Buyer: Upper Yampa Water Conservancy District

Date: Nov. 5, 2021

Price: $80,000

Property Description: 40 acres of agricultural land, SEC 29-4-84.

Address: 2340 Penny Lane

Seller: Jill Fasken

Buyer: Theodore Scoufis and Dannika Solano

Date: Nov. 5, 2021

Price: $630,000

Property Description: 1,204-square-foot, three-bedroom, two-bath, single-family residence on 0.13 acres of land, Lot 46 at West End Village. Last sold for $456,500 in 2019.

Address: 30050 Bannock Trail

Seller: Amy P. and Robert P. Swan III

Buyer: Christopher Cassius Kellogg

Date: Nov. 5, 2021

Price: $110,000

Property Description: 0.6 acres of vacant residential land, Lot 6 at Meadowgreen Subdivision at Stagecoach. Last sold for $102,000 in 2016.

Address: Hilltop Parkway

Seller: Fox Springs Development LLC

Buyer: Andrew and Melissa Signore

Date: Nov. 8, 2021

Price: $500,800

Property Description: Filing No. 3, Unit 2303 at Fox Springs Condominium.

Address: 505 Anglers Drive

Seller: Craig Brundridge and Mark Folkestad

Buyer: Ballerz LLC

Date: Nov. 8, 2021

Price: $485,000

Property Description: 1,174-square-foot commercial condo, Unit 101 at Fish Creek Professional Office Condominiums. Last sold for $203,800 in 2001.

Address: 1555 Shadow Run Court

Seller: Dale Scheiern

Buyer: Alexandra Carin Cowley and Charles Starbuck Crawford

Date: Nov. 8, 2021

Price: $440,000

Property Description: 841-square-foot, two-bedroom, two-bath condo, Unit 103, Building D at Shadow Run Condo. Last sold for $192,000 in 2017.

Address: 45 Butcherknife Aly

Seller: Mark E. Steinke

Buyer: Kristin Nicole and Ryan Daniel Hintz

Date: Nov. 8, 2021

Price: $812,000

Property Description: 1,104-square-foot, three-bedroom, two-bath, single-family residence on 0.15 acres of land, Lots 26-27, Block 11 at Crawford Addition to Steamboat Springs. Last sold for $275,900 in 2008.

Address: 357 Lake View Road, Hayden

Seller: Knolle Family Trust

Buyer: Joshua Levi Dufford

Date: Nov. 8, 2021

Price: $520,000

Property Description: 0.21 acres of vacant residential land, Filing No. 1, Lot 25 at Lake Village Phase 1. Last sold for $425,000 in 2021.

Address: 2160 Mount Werner Circle

Seller: Matthew Given

Buyer: Catherine S. and Luke T. Moss

Date: Nov. 8, 2021

Price: $460,000

Property Description: 600-square-foot, one-bedroom, one-bath condo, Unit B-15 at West Condo. Last sold for $323,000 in 2019.

Address: 431 Capital St., Hayden

Seller: Hayden Industrial Park LLC

Buyer: Connie and Rod Staponski

Date: Nov. 8, 2021

Price: $61,000

Property Description: 0.378 acres of vacant commercial land, Lot 31 at Valley View Business Park.

Address: 2531 Longthong Road

Seller: Matthew Schuhmacher

Buyer: Michael J. Kelly and Teresita D. Kelly Revocable Trust

Date: Nov. 8, 2021

Price: $1,225,000

Property Description: 2,075-square-foot, three-bedroom, 3 1/2-bath townhome on 0.05 acres of land, Filing No. 3 Replat, Lot B at Aspen Pointe Townhomes at Ski Ranches. Last sold for $181,763 in 2018.

Address: 30311 Routt County Road 16

Seller: Robert P. Darrow II and Mark Stepp

Buyer: Philip B. Horvath and Victoria A. McCarthy

Date: Nov. 9, 2021

Price: $448,000

Property Description: 1,465-square-foot, two-bedroom, 2 1/2-bath townhome, Lot 32 at Eagles Nest Subdivision at Stagecoach Phase I. Last sold for $158,000 in 2005.

Address: 28620 Yellow Jacket Drive

Seller: C. Curtis and Scott C. Church

Buyer: Heather and Ryan Boearsma

Date: Nov. 9, 2021

Price: $625,000

Property Description: 950-square-foot, one-bedroom, one-bath, single-family residence on 5.03 acres of land, Filing No. 2, Lot 23A Resub of Lot 23 at Blacktail Mountain Estates Subdivision. Last sold for $150,000 in 1994.

Address: 1041 Lincoln Ave.

Seller: OPB LP

Buyer: Pilot Light LLC

Date: Nov. 9, 2021

Price: $2,300,000

Property Description: 9,749-square-foot office improvements on 0.24 acres of land, Original Town of Steamboat Springs Block 32, Lots 5-6. Last sold for $850,000 in 2001.

Address: No address

Seller: BFPHP LLC

Buyer: Steamboat Victory LLC

Date: Nov. 9, 2021

Price: $1,474,200

Property Description: SEC 35-7-85.

Address: 369 Vista Verde Drive, Hayden

Seller: Michael and Valerie Bush

Buyer: Trace Walt

Date: Nov. 9, 2021

Price: $50,000

Property Description: 0.36 acres of vacant residential land, Filing No. 2, Lot 15 at Vista Verde. Last sold for $35,000 in 2020.

Address: 1244 Urban Way

Seller: CP Ventures LLC

Buyer: Jeff and Kimberly Temple

Date: Nov. 9, 2021

Price: $1,430,038

Property Description: Filing No. 5, Lot C, Unit 3 at Urban Street at the Mountain.

Address: 100 E. Highland St., Oak Creek

Seller: Michael J. Redmond

Buyer: Jennifer Flores and Christy Patterson

Date: Nov. 9, 2021

Price: $237,000

Property Description: 660-square-foot, one-bedroom, one-bath, single-family residence on 0.14 acres of land, Block 4, Lots 1-2 at Capitol Hill Addition to Oak Creek. Last sold for $49,500 in 1994.

Address: 30265 Colorado Highway 131, Oak Creek

Seller: South Routt Holdings LLC

Buyer: Helgafell LLC

Date: Nov. 10, 2021

Price: $1,500,000

Property Description: Incomplete legal address.

Address: 3046 Aspen Leaf Way

Seller: Bradley A. Luth

Buyer: Danny J. Hoffmann

Date: Nov. 10, 2021

Price: $830,000

Property Description: 1,536-square-foot, three-bedroom, 3 1/2-bath townhome on 0.041 acres of land, Filing No. 3, Unit 501 at Aspens at Walton Creek. Last sold for $425,000 in 2009.

Address: 2875 Elk River Road, 2901 Elk River Road, 2911 Elk River Road

Seller: Eltron Company LTD

Buyer: Steamboat Distilled LLC

Date: Nov. 10, 2021

Price: $2,450,000

Property Description: 4,767-square-foot commercial building on 1.84 acres of land, Filing No. 1, Lots 1-3 at Airport Meadows Subdivision.

Address: 1430 Park Court

Seller: Barbara A. Hudspeth Trust

Buyer: Brian Scott Smith

Date: Nov. 10, 2021

Price: $1,025,110

Property Description: 1,760-square-foot, three-bedroom, 2 1/2-bath, single-family residence on 0.23 acres of land, Filing No. 2, Lot 10 at Whistler Meadows Subdivision.

Address: 33730 Lariat Way

Seller: Stephen E. Tayloe

Buyer: Tim Kauffung and Debra Kness

Date: Nov. 10, 2021

Price: $23,000

Property Description: 2.3 acres of vacant residential land, Lot 3 at Sky Hitch at Stagecoach.

Address: 1735 Clubhouse Drive

Seller: Leslie W. and Susan G. Findell

Buyer: Laura L. Zulim

Date: Nov. 10, 2021

Price: $1,645,000

Property Description: 2,964-square-foot, three-bedroom, three-bath townhome, Lot 33, Lots 2-3 at Fairway Meadows Townhomes. Last sold for $650,000 in 2013.

Total: $25,606,148

Timeshares

Address: 2300 Mount Werner Circle

Seller: Vacation Link of Florida Inc.

Buyer: Michael P. and Sandra L. Moore

Date: Nov. 9, 2021

Price: $78,500

Property Description: 1/4 interest in and to a 1,192-square-foot, two-bedroom, two-bath condo, Unit 653 at Steamboat Grand Resort Hotel Condo.

Address: 2300 Mount Werner Circle

Seller: DeAnna and John McCarthy

Buyer: David and Jessica Kottcamp

Date: Nov. 10, 2021

Price: $78,500

Property Description: 1/4 interest in and to a 1,190-square-foot, two-bedroom, two-bath condo, Unit 347 at Steamboat Grand Resort Hotel Condo. Last sold for $51,500 in 2018.

Total: $157,000

Source: https://www.steamboatpilot.com/news/routt-county-real-estate-sales-total-26m-for-week-of-nov-5-to-11/

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Mortgage And Real Estate News This Week

Strategies for not bleeding your bank account dry buying gifts this winter, and credit requirements (kind of) for homebuying.

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This fall and winter could remain an unusually busy one for mortgage lenders and Realtors as homeowners and buyers try to take advantage of favorable conditions while they last. Here’s what you need to know about what’s going on this week.

1. Did you miss the refi window?

Well, the good news is mortgage rates fell again this week. But every day you wait may make it more likely that you’re leaving money on the table. The Federal Reserve announced changes to its policy this month that are likely to push mortgage interest rates higher, and fewer homeowners will stand to benefit from refis as they rise.

Read the story.

2. Things to keep in mind when buying a flipped house

House flipping is an entry point to real estate investing for many people, and hyperactive home price growth has made it an even more attractive prospect for newbies during the pandemic. But, real estate experts warn, flipped houses are often renovated on a shoestring budget, and glossy finishes can mask problems behind the walls. You don’t need to avoid flips entirely, but it’s good to go in with your guard up.

Read the story.

3. What credit score do you need to buy a house?

Spoiler alert: there’s no single answer. Different lenders have different requirements for mortgage applicants, and if you’re paying all-cash, a credit check may not even be necessary. But in general, a high credit score makes you more attractive both to sellers and lenders.

Read the story.

4. Preserving your down payment fund through the gift-giving season

The holidays are almost here, and that can quickly get expensive if you expect (or are expected) to shower the people you know with presents. If you’re saving up to buy a house, you should be careful about guarding your cash and not draining your savings on the latest toys. Here are some strategies for preserving your bank account this winter.

Read the story.

5. Where are mortgage rates headed?

Probably up. Bringing things full circle on the refi theme, we present our weekly roundup of expert mortgage rate trend predictions. A whopping 73 percent of respondents said they think rates will rise in the next seven days, which really underscores that earlier “don’t miss the window” point we made.

Read the story.

Source: https://www.bankrate.com/mortgages/mortgage-and-real-estate-news-this-week-november-13/

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