South Scottsdale home for rent! $1300 with all appliances included!

.... .. .. .. .. .... .. ..Christie L. Kinchen, P.C.
, REALTOR, Associate Broker, ABR, CRS, GRI~The Real Estate Twins Team | RE/MAX Achievers | (602)908-8946.. .. .. .. .. .. .. .. .. .. .. .. .... .. ....6832 E.
Diamond Street, Scottsdale, AZ.... .. .. .. ..Renovated HIP mid-century ranch!Quiet large pie-shaped, cul-de-sac North/South lot!Ultimate location!.... .. .... .. .. .. .. .. .... .. .. ..4BR/2BA Single Family House.... .... ....$1,300/month.... .. .. .... .. ..Bedrooms.. ..4.. .. .. ..Bathrooms.. ..2 full, 0 partial .. .. .. ..Sq Footage.. ..1,841 .. .. .. ..Parking.. .. Unspecified.. .. .. ..Pet Policy.. ..No pets.. .. .. ..Deposit.. ..$0.. .. ..
.. DESCRIPTION.. .. .. .. ..6832 E.
Diamond Street

Scottsdale, AZ 85257

Papago Parkway

1841 sq. ft.
built in 1959

4 bedrooms/2 baths



Renovated HIP mid-century ranch on quiet pie-shaped, cul-de-sac North/South lot in South Scottsdale! Close to ASU, Sky Song, shopping, fabulous restaurants, 143, 101 and 202 freeways, & minutes to Sky Harbor airport! This is the ultimate location! No HOA! One of the biggest lots in the area.




The charming front exterior features fresh paint, retro window awnings and filigree metal posts, cute covered front patio with seating area and planting bed, low maintenance landscape, citrus trees, and 2 entry doors (one to family room and one to 4th bedroom/rec room).




The homeowners have lovingly remodeled this home. All new eco-friendly hardwood carbonized Bamboo flooring (2008) throughout the entire home offers a nice warm feel. The family room, 4th bedroom/Rec room and bedrooms 2 and 3 are all pre-wired for surround sound.
The previous owners even used the family room as a movie screening room with a 10 foot movie/TV screen!



All new lighting has been installed throughout the interior and exterior of the home including all new modern stainless steel ceiling fans in every room for maximum energy efficiency. A new 30-year architectural shingle roof was installed in 2007. The entire inside has fresh paint and all new baseboards in 2008. There is also a new 220 electrical panel installed with all new service to the home in 2006. All new outlets have been installed in the home as of 2008. The home has all copper plumbing and the washer and dryer and both included. The home also features a security system.
Oh, and there is no shortage of storage here!





The kitchen has been upgraded with all new appliances including new Kenmore Elite Trio Fridge, Kenmore smooth cooktop, Bosch dishwasher and modern midnight Quartz counters all in 2007. The cabinetry is all Birch and includes a large pantry and is very well complimented by the real hardwood flooring. There is a single light glass French door leading to the North facing extended back patio. The breakfast bar peninsula is the perfect place to snuggle up for a morning cup of coffee or pull up your laptop to find that perfect recipe for dinner; there’s plenty of room for stools and informal dining. The dining area is just off of the kitchen and opens up to a great room with a new gas fireplace (2006). The current homeowners had a 42” television above the fireplace which was just perfect with a sofa and a couple of over-stuffed chairs! Sliding glass doors also lead to the extended back patio perfect for entertaining! The owners even had all of the back concrete slabs professionally raised up for future expansion potential (see plans at home).




The Rec room can also be a 4th bedroom with an addition of a closet. The current owners used this room as hang-out room to entertain family and friends with a billiard table, poker table, television and music and a full bar with kegerators and such! It was professionally constructed with a licensed contractor and permits were obtained and closed. Recessed lighting and ceiling fans as well as surround sound are in this room. There is also a sep. exit to this room.




The bedrooms are all of generous size and have the hardwood flooring and stainless steel ceiling fans. The master bedroom is South facing with Single light French doors that open to a covered master patio (2006) that the current owners had built. All of the utilities have also been professionally moved by contractors so that if the future owners want to extend the master bedroom, it is ready to go with the concrete laid, the roof done, and the utilities moved! The master patio leads out to a pad of concrete laid for a hot tub with electric and GFCI already installed and ready for your new tub! The lot size is absolutely perfect for anyone that would like to build a custom pool! There are several producing citrus trees as well. A large retro workshop with electric is in the yard as well; it’s great for storage or bigger projects! A new block wall encompasses the entire property (2005).




The baths have been updated with new hardwood flooring, new modern cherry vanities, new deep base sinks, new European fixtures, new vanity mirrors, and the hall bath has all new tile in the shower/tub and both baths have new stainless shower fixtures!



This home lives very well for a mid-century ranch with its modern renovations!













.. .. .. .. .... .... .. ..

.. .. .. .. .. .... .. ..see additional photos below.. ...... .. .. .. .. .. .. .. .. .. .. .. .... .. .. .. .. .. .. .. ....RENTAL FEATURES.. .. ....
..Air conditioning..
..Central heat..
..Fireplace..
..
..
..Hardwood floor..
..Family room..
..Living room..
..
..
..Bonus/Rec room..
..Dishwasher..
..Refrigerator..
..
..
..Stove/Oven..
..Granite countertop..
..Attic..
..
..
..Washer..
..Dryer..
..Balcony, Deck, or Patio..
..
..
..Yard..
..Cable-ready..
..High-speed internet..
..
.. .. .. ..
.. .. ....LEASE TERMS.. .. ....
..1300.
00 a month

Owners prefer 12 month lease but would consider shorter term

No pets or smokers please

....
..

.. .. .. .. .. .. .. .. .. .. .. .. .... .. .... .. ...... ....ADDITIONAL PHOTOS.. .................................................................................. .. .. .. .... .. .... Renter contact info: .... .. .. .... .. ....
.... ......Christie L. Kinchen, P.C.
, REALTOR, Associate Broker, ABR, CRS, GRI~The Real Estate Twins Team......
......RE/MAX Achievers......
......(602)908-8946......
.... .. ..
.. .. .... .. .... .. .... .. .. .... .. .... ..Equal Opportunity Housing.. .... .. .. .. .. .... .. .. .. .. ....Posted: Dec 22, 2008, 11:15am PST.... .. ...... ..

..



I have tons more photos, too if anyone is interested.
:)

Christie

ps----please repost! Thanks so much!

Our House Hunters episode re-airs Dec 19th 7:30PM E/P

If you haven't seen our House Hunters episode on HGTV, you have another oppportunity. The show is re-airing this Friday, Dec. 19th at 7:30PM E/P. Check your local listings to confirm time slot.

Show information from HGTV's website

FOR SALE:3/2 sprawling ranch*Fireplace*RV gate*1792 sq ft*Large lot

749 N. Forest Street

Mesa, AZ 85203

$185,000

1792 sq ft

9069 sq ft lot

3 bedrooms

2 bathrooms

MLS # 4084706


View virtual tour here!






View MLS Listing here




View more information on our website:

http://www.TheRealEstateTwins.com


View the listing on our site




Front



View to Entry




Front courtyard



Front courtyard



Formal entry




Great Room




Great Room



Gas beehive fireplace



Kitchen



Kitchen



Dining Room



2nd Bedroom




3rd Bedroom



Hall Bathroom



Master Bedroom


Master Bathroom



Back Yard



Back Yard







Sprawling ranch home in Mesa's Coury Estates This home features 1792 square feet of livable space and is situated on 9,069 square foot lot. There are 3 bedrooms and 1.75 bathrooms. The well-maintained kitchen features dark wood cabinetry, laminate counters, dual bowl stainless steel sink, bisque-color appliances and breakfast bar. The great room features a stucco gas-burning beehive fireplace with brick accents and seat. The dining room is spacious and opens to the kitchen and great room. The master bedroom offers a private bathroom with dual sinks and a walk-in closet. The 2 additional bedrooms are split from the master bedroom. The hall bath features a cultured marble counter, tiled bathtub/shower surround and newer tile flooring. The landscaping both front and rear is well-maintained and mature. In the rear yard, youll enjoy a expansive covered patio, block fencing, detached storage shed and RV gate. Newer ceramic tile is paired with neutral berber carpeting in the bedrooms and living room. The exterior is finished with stucco and features a private front courtyard and 2 car garage with automatic opener. The home is located on a street of well-maintained and remodeled homes. Call Jennifer @ 602-908-5801 for info.



The Real Estate Twins Team

Fourth Generation Realtors in Arizona

www.therealestatetwins.com

Direct: 602-908-5801

Fax: (480)907-1414

RE/MAX Achievers

Voted by the National Association of Realtors’ magazine as ‘2’ of the top ’30 under 30’ for 2006!

Check us out on HGTV's #1 National show "House Hunters"!

Christie Lee Kinchen, P.C.
Associate Broker, ABR, CRS, GRI

christie@therealestatetwins.com

(602) 908-8946

Jennifer Lynn Hibbard

ABR, GRI, B.S. Marketing, Eco Broker

jennifer@therealestatetwins.com

(602) 908-5801

First time home buyer tax credit!

Hi all,

You still have time! The Housing and Economic Recovery Act of 2008 authorizes a $7,500 tax credit for qualified first-time home buyers purchasing homes on or after April 9, 2008 and before July 1, 2009.

Since we are not tax advisors nor do we work for the IRS we can really only be the source of the source. But, here is a link to some helpful info on this great opportunity for first-timers:





Have a fab Friday,

Christie

Loan modifications will help more owners keep their homes

We've been able to help several owners in financial distress stay in their homes, when they are faced with financial distress, job uncertainty or falling property values. When owners call us to ask for advice on the best strategy for their situation, our answers vary.
If a homeowner has lost their job or is not determined to stay in their home, we suggest investigating short sales and bankruptcies, while obtaining legal advice on both options. If an owner can't make their payments anymore, it may be hard for them to keep their house. If a short sale (a sale that involves the lender accepting less than what is owed) is an option for an owner, we have the owner put together a financial package to share with the lender(s) and start marketing the property for offers, subject to lender approval. A short sale can help owners stay in their homes, even if they are behind on their payments. A short sale may help postpone an auction date, which allows owners more time in their homes. A short sale has a very similar effect as a foreclosure on a credit report, but sources say a short sale may prevent you from buying a home for 5 years vs. a foreclosure which would be a 7 year period. A short sale may read "paid less than owed" vs "foreclosure", but both are damaging to one's credit rating. Bankrupcy may be an option, if you need to wipe out more debt than just your home.

If a homeowner is facing mounting debt and an inability to continue paying their mortgage, our first question is whether they want to stay in their home. Most answer, "Yes, I want to stay in my house." In this case, we encourage owners to consult with their lenders to see if a loan modification can help resolve their issue. Many times a lender will reduce the interest rate or turn an ARM into a 30 year fixed, to make the payments lower for the homeowner. Many owners call us back and tell us the lenders are unreceptive. Many lenders will initially say that you must continue to make your payments, or they will start the foreclosure process, if you fall behind. Lenders also tell these owners, who usually are in good credit standing and are current on their mortgages, that nothing can be done to modify their loans without the owner falling behind on their mortgage or demonstrating financial hardship. We tell owners to be persistent with their lender and keep their loans current, if they can. After several failed attempts, owners usually call us back and say that their loans have been successfully modified. The point here is that you can't give up after one phone call. Continue calling and calling and calling until the lender agrees to do a loan modification. Lenders don't want your house back. You just have to be persistent and demonstrate that you are being financially-responsible by taking action before missing loan payments.

In a recent article from cnn.com, the topic of loan modification is discussed further:
One failed bank gets the housing fix right

By Amanda Gengler, Money Magazine writer

NEW YORK (Money) -- The battered economy is in desperate need of a housing fix, and one failed bank just may have the answer.

On Thursday FDIC Chairwoman Sheila Bair told the Senate Banking Committee about the success her agency has had in helping struggling borrowers at IndyMac, which the FDIC took over this summer.

Bair, the nation's leading bank regulator, thinks this foreclosure prevention program can work for other banks.

"Our hope is that the program we announced at IndyMac Federal will serve as a catalyst to promote more loan modifications for troubled borrowers across the country," she told the committee.

She's not alone. While individual lenders, loan servicers and non-profit foreclosure prevention outfits have been chipping away at the staggering housing crisis on a case by case basis, IndyMac, under the FDIC's leadership, became the first bank to establish a set protocol to modify home loans.

Speeding the process
"I think this is an appropriate way to go, and I would hope that more institutions would take it up," said Michael Barr, professor of law at University of Michigan and a senior fellow at the Center for American Progress. "We need a systematic way to do this, we can't continue to do this on a one-by-one basis."

Chris Kukla, senior council for government affairs at the Center for Responsible Lending, points out that this is precisely how Congress approached the recent Wall Street bailout.

"We aren't sitting down on an individual basis and figuring out who needs what," he said. "The government is giving a piece to everyone because there is a recognition that we need to stabilize the financial markets. Well, we need to stabilize the housing market too."

IndyMac services more than 60,000 loans that are either more than 60 days past due, in bankruptcy, in foreclosure or are otherwise not currently being paid. About two-thirds of those customers are eligible for the program, according to Bair, and more than 3,500 IndyMac borrowers have had their loans modified to affordable levels so far. Borrower payments have been cut on average by $380, she said.

Currently most lenders assess each loan on a case-by-case basis, which takes a tremendous amount of time and resources, and can hold up the process for months. Establishing set rules that a lender can apply to thousands of borrowers will speed the process, and help right the housing market more quickly

Under IndyMac's program, the lender modifies a loan so that the borrower's new mortgage payment, including insurance and taxes, eats up no more than 38% of their pre-tax income. This percentage, known as a debt to income ratio, topped 50% for some loans during the boom.

To achieve this lower payment, IndyMac can lower the interest rate, extend the life of the loan to, say, 30 or 40 years, defer some principal to the final years of the loan, or a use a combination of these strategies.

IndyMac is also trying to simplify the process for borrowers. It is overnighting loan forms to eligible customers with a signature required upon receipt. "It doesn't show up with your regular mail, coupons and junk mail, because the key is getting the consumer to open it," said FDIC spokesman David Barr.

The papers clearly spell out a borrower's new loan terms, including the interest rate and monthly payments over the life of the loan. The borrower simply signs and returns the documents with the first lower monthly payment.

B of A follows suit
Bank of America (BAC, Fortune 500) launched a similarly systematic program earlier in October. That program, scheduled to start in December, came as part of a settlement with state attorney general offices that sued Countrywide, which B of A recently acquired, for predatory lending practices. It's expected to help 400,000 troubled borrowers and is actually slightly more aggressive than IndyMac's plan.

B of A will use a 34% debt-to-income ratio to calculate the affordable monthly payment for its customers, and may also write down the principal balance of some negative amortizing loans. IndyMac will not forgive debt, but instead will add principal to the final years of a loan if necessary.

Additionally, IndyMac's program is now being applied to many delinquent loans owned by Freddie Mac (FRE, Fortune 500), Fannie Mae (FNM, Fortune 500) and other investors, Bair said in her testimony Thursday.

Not everyone is convinced that Bair's brainchild should be the industry-wide template.

Thomas Lawler, a housing economist in Leesburg, Virginia, contends that lenders need to look at a borrower's other assets in addition to their debt to income ratio before working out a loan. "Otherwise, they will include people who shouldn't really qualify, and might exclude people who do," he said. "That is one reason why mortgage lenders don't particularly like to have a very simple systematic streamlined modification, because it doesn't work."

For example, a borrower with substantial additional assets and no other debt may have taken out a big mortgage that eats up 45% of his income. There is a risk that the program will aid this borrower, and not someone with a smaller mortgage and no other assets who also has student and car loans.

But the Center for Responsible Lending's Chris Kukla argues that the crisis is too severe to worry about helping people who don't deserve aid.

Indeed, earlier this month The State Foreclosure Prevention Working Group, a group of state attorneys general and banking regulators, sent a letter to nearly 20 of the largest servicers telling them that they were expected to implement a systematic approach to modify loans similar to IndyMac and Bank of America.

"We aren't getting push back yet, but we haven't gotten any firm commitments yet either," said Iowa Attorney General and task-force chair Tom Miller. "But there is a willingness to talk."

"This is the best idea out there to stop the bleeding in subprime lending," Miller said. "We think it is the best thing we can do at this point."

First Published: October 24, 2008: 2:15 PM ET

New Listing: Sophisticated, well-appointed home in Kierland Corridor

5550 E. Paradise Lane
Scottsdale, AZ 85254
$329,900
1813 sq ft
8570 sq ft lot
3 bedrooms
2 bathrooms
MLS # 4054923


View virtual tour and photo slideshow here.

View MLS listing here.

View more information on our website www.TheRealEstateTwins.com.


Front

View to Entry

Great Room

Great Room

Kitchen

Breakfast Room

Dining Room

2nd Bedroom

3rd Bedroom

Hall Bathroom

Master Bedroom

Master Bedroom

Master Bedroom

Master Bathroom

Master Bathroom Vanities

Master Bathroom Walk-In Shower

Master Bedroom Walk-In Closet

Heated In-Ground Spa

Back Yard

Back Yard

Park Down The Street




Sophisticated, well-appointed home in heart of the Kierland Corridor Owners invested $87,500+ in remodeling this home, which boasts 1813 square feet of livable space & is situated on 8,570 square foot lot. There are 3 bedrooms & 1.75 bathrooms. The elegant kitchen features re-finished recessed panel oak cabinetry, Corian counters, integrated Corian sink, stainless steel & black appliances & breakfast room. Throughout the home youll find vaulted ceilings & warm paint tones. The great room features a wood-burning fireplace. The dining room is spacious & opens to the kitchen & great room. The master bedroom offers a private bathroom & exit to the rear yard. Currently, the 3rd bedroom is being used as an office/den (simple modifications such as adding doors and a closet would make it a true 3rd bedroom). The hall bath features an espresso-stained vanity, solid surface counter with integrated sink, new lighting, new mirror & new tile flooring. The master bathroom features 2 contemporary vanities, a walk-in shower w/ seat & shelves, mosaic & ceramic tile & glass block for privacy. The AC/heat was replaced in 2004, new dual pane windows & doors were installed in 2008, as well as new wood blinds & ceiling fans. The landscaping both front & rear is immaculate, mature & thoughtfully-designed. In the rear yard, youll enjoy a expansive covered patio, block fencing, & an in-ground heated spa (spool, if unheated in summer) with therapy jets & rock waterfall. There is all new ceramic tile, wood laminate flooring & baseboards. The exterior has been re-painted. No HOA in this well-maintained neighborhood. Public park is just steps away. Home is close to all the Kierland area has to offer. Call Jennifer @ 602-908-5801 for info.