LAKE AT WALNUT: NEW PASADENA CONDOS AND LIVE/WORK FLATS

Located at the Northeast corner of Lake and Walnut, Lake at Walnut is a new condominium complex that offers contemporary flats and town homes located above ground level retail. Lake at Walnut is located at a premium urban location close to Pasadena restaurants, shopping, and a Metro Gold Line station.

The idea behind the Pasadena Real Estate development of Lake @ Walnut was to provide sophisticated and chic city living that mixes urban and contemporary architectural design. The complex has a diverse selection of 9 floorplans, each with designer-selected granite and tile schemes in kitchens and baths, stainless steel appliances, beautiful flooring selections throughout, as well as multimedia outlets in most rooms. Lake @ Walnut building amenities includes a courtyard with lush landscaping, BBQ, fountain and a fireplace. Additional amenities include lobby, clubroom and premier fitness center.

Plan 1 1 Bedroom, 1 Bathroom: 945-1,045 Sq. Ft.
Plan 2 1 Bedroom, 1.5 Bathrooms: 1,126-1,245 Sq. Ft.
Plan 3 2 Bedrooms, 2.5 Bathrooms: 1,523-1,767 Sq. Ft.
Plan 4 1 Bedroom, 1.5 Bathrooms: 1,146-1,248 Sq. Ft.
Plan 5 2 Bedrooms, 2 Bathrooms: 1,483 Sq. Ft.
Plan 6 2 Bedrooms, 2 Bathrooms: 1,465-1,542 Sq. Ft.
Plan 8 2 Bedrooms, 2 Bathrooms: 1,450 Sq. Ft.
Plan 9 1 Bedroom, 2 Bathrooms: 1,340 Sq. Ft.
Live/Work 1 1 Bedroom, 1.5 Bathrooms: 2,133 Sq. Ft.
Live/Work 2 1 Bedroom, 1.5 Bathrooms: 3,346 Sq. Ft.
*Some floorplans are no longer available.

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RAMIRO RIVAS & ASSOCIATES
WWW.SOLDBYRAMIRO.COM
ERICA@RIVASESTATES.COM
818-257-1054 DIRECT



KELLER WILLIAMS PASADENA
445 S. FAIR OAKS AVENUE
PASADENA, CALIFORNIA 91105

Builders offer buyers price guarantees

Below is an article I found interesting about what a major developer is doing to promote buyer confidence:

The Orange County Register, updated 2:45 a.m. PT, Mon., Feb. 18, 2008

Faced with plummeting home sales and reluctant buyers, some homebuilders are offering a plan designed to take the worry out of buying when prices are falling.
At least three companies in the region are offering price guarantees.

One plan promises to lower the amount a buyer pays for a new home if prices drop after they buy, but before they get their keys. Another lets buyers back out of deals and get their deposits back if their home is appraised for less than they paid.

How it works
KB Homes’ North Los Angeles division began offering price guarantees in January through May. If the base price of a buyer’s home is less at closing than they paid, the company will honor the lower price.

Steve Ruffner, KB Home’s president for the five-county division that includes Orange County and the Inland Empire, said his office will roll out a price protection plan at the end of the month for its Clementine condo project in Placentia.

It will appear at other projects in KB’s Southern California/Coastal Communities division within the next 90 days, he said. Ryland Homes offered a similar plan. Although its sales event ended, Ryland will honor the price guarantee should a customer ask for it, Barlow said.
Capital Pacific Homes’ plan is being offered at seven Inland Empire developments in Corona, Murrieta, Menifee, Beaumont, Winchester and Victorville. It also is available at one development in Lancaster. The company is looking at extending it after the Feb. 28 expiration date, Hernandez said.

Under Capital Pacific’s program, buyers can back out of deals and get their deposits back if the home loan appraisal issued about 30 days before closing shows that the home value is less than the price tag.

“We don’t have oodles of rules,” he said. “It’s really simple. You get your money back.”

Pasadena Homes: New Townhomes Now Available

There is a really nice new development of Pasadena townhomes called Fair Oaks Summit that have just been reduced in price. They are located on Fair Oaks just minutes from Old Town Pasadena and the Paseo Colorado Mall.
The Pasadena craftsman-style homes feature spacious and bright floor plans with lots of natural lighting. Other features include a fireplace and entertainment niche in the living room, large dining room, French doors, gorgeous kitchen with granite countertops, beechwood cabinetry, designer hardware and fixtures, energy-saving appliances and ceramic tile flooring. The Master Suite includes dual wardrobe mirror doors and a bath with dual sinks, separate shower and generous tub. The residences are pre-wired for an alarm system and cable television. There is also a spacious two-car attached garage with remote control.

There was recently a huge price reduction on a few of the units so if you are looking to purchase Pasadena Real Estate, I highly suggest taking a look at these townhouses.