Our House Hunters episode re-airs tomorrow June 20th 7:30PM E/P

View show details on HGTV's website

Check out this great home search on June 20th, 2009 at 7:30PM E/P. Check your local listings.

NEW LISTING: Immaculate 2/2 mid-century modern patio home

4220 N. 38th Street

Phoenix, AZ 85018

MLS #: 4184711

Patio home community name: Mockingbird Northeast

Pristine mid-century modern built in 1964< br>
Designed by architect P.E. Buchli

Built by Ford/Davis

$235,000

1548 square feet

2 bedrooms

2 bathrooms

$150/ month HOA fee

2 car carport (can be converted to garage)

Community pool




View virtual tour here!


View more information on our website TwinsAndCoRealty.com!




4220 N. 38th Street B is a secluded mid-century modern gem. Homes in Mockingbird East rarely come on the market. This 2 bedroom, 2 bath patio home features 1548 square feet of livable space with an open floor plan, private 2 car carport and amazing outdoor spaces.
This unit was built in 1964 by builders Ford/Davis. The architect credited for the timeless design of this community is P.E. Buchli. Buchli’s work has been recognized in the AIA (American Institute of Architects) Guide To Metro Phoenix. Some of the most unique features are the home’s ‘bones’; exposed slump block construction, floor-to-ceiling walls of windows on the North and South-facing walls of the great room, clerestory windows and wood-beamed vaulted ceilings,.
There are 4 private patios surrounding this home; one on the South side of the great room, one on the North side of the great room, one off the master bedroom and one off the 2 car carport.
The kitchen features a timeless layout and immaculate original cabinetry, with updated appliances, sink, ceramic tile flooring and countertops. The kitchen features wood-beamed vaulted ceilings with a skylight.
The great room is spacious and features vaulted wood-beamed ceilings, new carpeting, wood-burning fireplace and great light provided by the floor-to-ceiling windows on both the North and South sides of the room. The formal dining room features oak hardwood flooring, retro glass and chrome chandelier and wood-beamed vaulted ceilings. The dining room opens to the great room and has access to the North-facing private patio.
The master suite features a sliding glass door leading to a secluded private patio. The spacious master bathroom features dual sinks, immaculate original cabinetry, tiled shower with retro shower door and views to the private master patio.
The community includes a swimming pool and lush common grounds. The HOA allows for the enclosure of the carport to a garage. The HOA is professionally managed and the monthly HOA fee is $150.























































Offered by



Twins & Co. Realty

Jennifer Hibbard, P.C.

REALTOR, Owner, ABR, GRI, Eco-Broker, B.S. Marketing

View our website at www.TwinsAndCoRealty.com

E-mail me at J@TwinsAndCoRealty.com

UPDATE: Regarding the $8,000 First Time Buyer Tax Credit

More insight into the $8,000 first time buyer tax credit changes:

by J. Craig Anderson - Jun. 3, 2009 12:00 AM
The Arizona Republic
Phoenix-area realty professionals said the U.S. Department of Housing and Urban Development's new down-payment-assistance program for first-time home buyers falls short of their expectations.

Local mortgage brokers and real-estate agents had been waiting for news from HUD about the plan, originally announced in mid-May but then quickly withdrawn, that would let first-time buyers eligible for a federal income-tax credit of up to $8,000 apply for a "bridge loan" to cover the down payment on a Federal Housing Administration loan.

On Friday, HUD announced that it would move forward with the program but would not allow lenders or non-profit groups to advance the tax credit to home buyers to cover FHA's required 3.5 percent down payment. However, HUD-approved non-profit groups may front cash to be used for closing costs, mortgage insurance and any additional down payment on top of the 3.5 percent.
Also, local and state government entities are permitted to advance the full down payment to first-time buyers if they so choose, HUD said.

HUD spokesman Brian Sullivan said the original written announcement about the plan, known as a "mortgagee letter," had been removed from the federal agency's Web site because it was a draft copy that had been posted inadvertently.

The plan's final version contains additional restrictions designed to prevent entities that could be associated with a seller from covering a buyer's down payment, Sullivan said.

"There can be no connection between the seller and the source of the bridge loan," he said.

Phoenix mortgage broker Bob Wasieko of Security Mortgage Corp. said he didn't think the program in its final form would open up the housing market to prospective buyers who lack a down payment.

"Just like the FHA Hope for Homeowners program, tax-credit advances looks good on paper, but in reality, it seems unlikely anyone will benefit from this program," Wasieko said.

HUD's final decision also had its supporters, such as blogger Robin Medecke of the popular Mortgage Lender Implode-O-Meter, ml-implode .com, who thinks it's important for buyers to invest some of their own cash in the transaction. "FHA (for once) has taken a step back and come forth with unusually well thought out . . . guidance," Medecke wrote.