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.

FHA approves the use of the $8,000 first time buyer tax credit as downpayment funds!

FHA has approved the use of the $8,000 first time buyer tax credit as downpayment funds for first time buyers, as of May 29th, 2009.

View more specific information on FHA's website


Tidbits about how this will work from FHA's website:

Secondary Financing

Consistent with existing FHA policy, FHA will permit entities covered by Section 528 of the National Housing Act to use the current authority to offer tax credit advances with second liens in a manner consistent with the requirements in 12 U.S.C. 1709(b)(9). Eligible government agencies and instrumentalities of government are described in handbook HUD-4155.1 5.C3 and 5.C4.


Conditions:
• The tax credit advance, when combined with the FHA-insured first mortgage may not result in cash back to the borrower.
• The second lien may not exceed the total amount needed for the down payment, closing costs, and prepaid expenses.
• Secondary financing may be “soft” (silent) or require a monthly repayment.
• If payments are required, they must be included within the qualifying ratios and, when combined with the first mortgage, cannot exceed the borrower’s reasonable ability to pay.
• Payments must be deferred for at least 36 months to not be included in the qualifying ratios.
• If the tax credit advance loan has a short term for repayment, it must also provide that if the borrower fails to repay by the designated deadline, principal and interest payments begin automatically or the loan converts to a “soft” second.
• The secondary financing may not require a balloon payment before ten years.

UNDER CONTRACT-1513 W. CULVER ST!

UNDER CONTRACT!
1513 W. CULVER ST.
PHOENIX, AZ 85007
3 BEDS, 2 BATH
$275,000
MLS #4175453



1930 Spanish Revival located in desirable Historic FQ Story district! Great location in the heart of downtown! A truly one of a kind jewel from the past! Past visual award winner!

New & refinished Oak hardwood flooring throughout! Large living room w/original stone fireplace & separate formal dining room! Custom stained glass in living room and hall bath! One-of-a kind chimney art!

New tile in brand new bathrooms! Hall bath features black and white tile, pedestal sink, wainscoting, and tub/shower with newer door!

Professionally landscaped w/new watering system in front & back with low voltage lighting! Custom paint throughout! Updated copper plumbing & electrical, newer roof & newer air conditioning! Wireless alarm system! Windows have been restored!

White recessed panel cabinetry, tile counters & stainless appliances in the galley kitchen exude charm! The pantry is also great storage and is located right next to the inside laundry with stackable front loading washer and dryer! Cellular shades!


Breakfast room overlooks sparkling diving pool w/new plaster & decking and a new pressure-treated and stained wood gazebo and large covered patio that are perfect for entertaining! New pool pump! Terra cotta cool decking paired with flagstone stamped concrete on the covered patio gives a distinctive look. There’s even a tuff shed in the side yard! The grassy area and fountain really make the space. At night the lighting on the tress looks awesome!


There was an add-on in 1961 which is a great sitting area! French doors lead to the back yard. For extra security and energy efficiency, roller shields have been added.

The master addition was built as a nursery and is perfect! The master bath features black and white tile, California closet system and gray wainscoting. Faux wood blinds complete the master suite along with the contemporary 3 blade ceiling fan.


The home office features sconces and fabulous winter green paint with custom shoe storage in the closet! All bedrooms have California closet organization systems!

Don’t miss out on this home that is not just a cosmetic rehab!

New listing in FQ Story!

1513 W. CULVER ST.
PHOENIX, AZ 85007
3 BEDS, 2 BATH
$275,000
MLS #4175453



1930 Spanish Revival located in desirable Historic FQ Story district! Great location in the heart of downtown! A truly one of a kind jewel from the past! Past visual award winner!

New & refinished Oak hardwood flooring throughout! Large living room w/original stone fireplace & separate formal dining room! Custom stained glass in living room and hall bath! One-of-a kind chimney art!

New tile in brand new bathrooms! Hall bath features black and white tile, pedestal sink, wainscoting, and tub/shower with newer door!

Professionally landscaped w/new watering system in front & back with low voltage lighting! Custom paint throughout! Updated copper plumbing & electrical, newer roof & newer air conditioning! Wireless alarm system! Windows have been restored!

White recessed panel cabinetry, tile counters & stainless appliances in the galley kitchen exude charm! The pantry is also great storage and is located right next to the inside laundry with stackable front loading washer and dryer! Cellular shades!


Breakfast room overlooks sparkling diving pool w/new plaster & decking and a new pressure-treated and stained wood gazebo and large covered patio that are perfect for entertaining! New pool pump! Terra cotta cool decking paired with flagstone stamped concrete on the covered patio gives a distinctive look. There’s even a tuff shed in the side yard! The grassy area and fountain really make the space. At night the lighting on the tress looks awesome!


There was an add-on in 1961 which is a great sitting area! French doors lead to the back yard. For extra security and energy efficiency, roller shields have been added.

The master addition was built as a nursery and is perfect! The master bath features black and white tile, California closet system and gray wainscoting. Faux wood blinds complete the master suite along with the contemporary 3 blade ceiling fan.


The home office features sconces and fabulous winter green paint with custom shoe storage in the closet! All bedrooms have California closet organization systems!

Don’t miss out on this home that is not just a cosmetic rehab!

NEW LISTING: 2/2 model perfect townhome in gated enclave at Las Sendas

Quick Details:

7445 E. Eagle Crest Drive #1121

Mesa, AZ 85207

1347 square feet

2 bedrooms

2 bathrooms

$215,000

MLS # 4167626



View Virtual Tour And Photo Slideshow Here!


View More Information On Our Website www.TwinsAndCoRealty.com!



LOWEST PRICE IN CACHET AT LAS SENDAS! Camelback & Red Mountain views! This model home perfect, ,turn-key townhome is updated with designer accents. Home features neutral carpet and ceramic tile flooring, paired with warm paint tones. The great room features a tile-lined gas fireplace and a formal dining area, with access to a private walk-out deck. A 2nd deck is located off the 2nd bedroom. The kitchen features recessed panel maple cabinetry, double basin sink & Energy Star appliances. The master suite is split from the 2nd bedroom & features a walk-in closet & full bathroom. Residents can enjoy Cachet's pool & fitness center, along with the endless Las Sendas amenities including 25 miles of hiking trails, championship golf,6 tennis courts, various sports facilities, clubhouse & community pools/spas.













































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