This is a One of a kind beautiful quaint California Bungalow with 2 bathrooms.  As soon as you step inside this gorgeous 1128 Sq Ft bungalow, you will feel at home. This house has a full attic and a basement that are not included in the square footage. The house also features a Built-In, original China Cabinet, some original Steelcase windows, a collectible vintage 'SPARK' stove and the original wooden floor. Great deal for this desirable historic district. Lender owned and priced at 299K. 

For more information or to view the home, contact Lyle Plocher with Urban Connection Realty at 602 373 3725 or lyle@urbanconnectionrealty.com

With the Light Rail due to commence operations within the next 8 months and all of the related, "Transit Oriented Development" that will take place along the light rail line, the intersection of Central & Camelback could see some of the most dramatic changes to the lansdscape.  I happened to drive by the intersection today and noticed some of the Public Art that has been installed and then happened to read a lengthy article at azcentral.com about a Project being proposed near the intersection consisting of three 400 foot towers. 

If you have the energy, read the article at azcentral.com and then comment here at this post, expressing your feelings about the proposed project.  Would love to hear your thoughts!

azcentral.com article

The most recent news in the last 2 weeks in Phoenix now finds Buyers pitted against each other, and against the savvy local investors, in a bidding war for properties in Phoenix.

Real Estate has dropped so low in Phoenix in some areas, that the $125k to $175k price range is now actually deluged with multiple offers.

Realtors are beginning to ask, "Is this the end of the downturn?" as they are losing out to other competing Realtors down the street and having to become aggressive again in their advice to, and bids on behalf of their clients.

Keep your eyes open and ears tuned in for the "psychological turn" that's coming soon.  Phoenix has always grown, and as the purchasing picks up, values will once again rise quickly off the bottom.

Thanks to FHA and $0 Down Ameridream Down Payment Gift Assistance, owner occupants can still enjoy the 0 down benefits of a great 30 year fixed, low rate guaranteed by FHA.

If you're interested in not missing the bottom, consider preparing quickly with your finance options, so you'll be prepared when you see the first Arizona Republic Headlines soon say, "PRICES RISING FOR FIRST TIME IN 2 YEARS".

Andrew Schmidt, Nations Home Funding BK0905991

ACSchmidt4@aol.com 602.371.8600

A free Seminar is taking place at Phoenix City Hall on Saturday, May 10th, 2008 from 9 AM to 1 PM. 

Resources Available to Help Homeowners Facing Foreclosure

• Morning panel with Q&A
• Individual Counseling Sessions in Spanish and English
• Informational exhibits and take-away materials

Credit and housing counselors, loan servicers, and lenders will be available for brief individual consultations throughout the day on a first-come, first-served basis. Please bring your loan documents and other financial information with you to the workshop.

Free Event. No charge for admission. Free parking at Third Avenue and Washington Street parking garage. Activities for children.

Register at fhlbsf.com

Registration begins at 8:30 a.m.
Workshop and counseling 9 a.m. – 1 p.m.

Phoenix City Hall
200 W. Washington St.
Phoenix, AZ 85003

Special Guest, Congressman Ed Pastor

Live in the front of this cute brick bungalow and rent out the back to help make your mortgage payments.  2 bedroom, 1 bath front unit, 1 bedroom, 1 bath rear unit which is currently rented for $500 a month.  Just around the corner from the Bentley Projects Art Gallery and City Bakery, this neighborhood is on the rise and is just a few minutes walk from US Airways Center, Chase Field, the future Light Rail and restaurants on Jackson St. 

For more information, contact Lyle Plocher with Urban Connection Realty at 602 373 3725 or lyle@urbanconnectionrealty.com

With all the creative things happening in Downtown Phoenix, this property represents an exciting opportunity to develop a "unique destination" for a collection of small businesses/ offices/ studios or ?  Located adjacent to the Woodland Historic District and the State Capital.  12,000 + sq ft of space on a half acre lot, zoned R-5.

Asking Price is $1,300,000.

For more information contact Lyle Plocher with Urban Connection Realty at 602 373 3725 or lyle@urbanconnectionrealty.com

With features like high ceilings, exposed ductwork, hardwood floors, stainless steel appliances, secured parking and a great Warehouse District location, you might want to consider checking out the Stadium Lofts.  If you are a D-Backs fan or work downtown, walk to games, future light rail, restaurants, etc all in 5 minutes from home. 

There are currently 3 units available at the Stadium Lofts, ranging in price from $375,000 to $449,800. 

To find out more about the units, view a unit or find out more about any Downtown Phoenix loft, condo, home or commercial property, contact Lyle Plocher with Urban Connection Realty at 602 373 3725 or lyle@urbanconnectionrealty.com

Zero Down Loans (Yes, $0 Down) are still happening in the Phoenix area for owner occupied purchases, up to $365,000 sales price.

Due to the repeated requests for information on this topic, I will provide a Re-Print of the March's FHA 0 Down Ameridream Article.

Next week we will follow up with an article on How to Receive $20,000 Per Year- Through FHA Puchase- To Pay For Your New Mortgage

Here's the Re-Print of Last Month's Article

March 7, 2008

I want to update you on TODAY'S MAJOR ARIZONA MARKET CHANGE with FHA owner occupied purchases.  It will affect our economy and home values almost immediately.

                          AS OF TODAY:

                          $356,500 max purchase price

                          Max loan size- $346,250

                          Maricopa County                                

This news is revolutionary, and will begin turning the Phoenix market around with the supply and demand imbalances as FHA now allows first-time AND non-first time home buyers to purchase about 70% of the available Phoenix market's inventory of homes with HIGH QUALITY, LOW RISK FHA loan terms.

      5 Facts about FHA Loans to remember:

    1)  The COST PER THOUSAND with ZERO DOWN FHA is about $7.25 per $1,000.

    2)  ZERO DOWN ALLOWED!

    3)  FHA still allows DPA, or Down Payment Assistance, which means that AmeriDream and other DPA organizations are still ALLOWING ALL DOWN PAYMENT AND CLOSING COSTS TO BE PAID BY THEM, AND CONTRIBUTED BY THE SELLER OF THE HOME.

    4)  This means that ALL EARNEST MONIES CAN BE RETURNED TO BORROWER AT CLOSING.

    5)  NO CREDIT SCORE REQUIREMENT BY FHA- Low scores not a reason to be denied qualification.

    (HUD approval and credit approval required.)

Andrew Schmidt, Nations Home Funding, Inc. ACSchmidt4@aol.com        BK0905991

The renovation on the 1931 Professional Building, former home of Valley National Bank in Downtown Phoenix must be moving along at breakneck speed as the Hotel Manager, Todd Iacono told Arizona Republic reporter Jahna Berry that the Hotel would be open in October. 

A $100 million renovation will restore the vintage lobby and will create 150 hotel rooms in the former office tower, Iacono said. A local celebrity chef is crafting the menu for a hotel restaurant, a 1930s-themed diner and a pastry shop that will go on the first floor.

This week, construction crews were cutting into the basement bank vault, which will become a wine bar. A nightclub is going on the roof, Iacono said.

Read the entire article at azcentral.com

Brand new Studio Condos that live like one bedrooms.  Open floor plan, very high ceilings, large windows, bamboo flooring, stainless steel appliances, granite kitchen countertops, travertine tiled bath, all make for a very fashionable pad at an afforable price point.  Some of the other features of this new building include secured parking, video intercom guest entry, BBQ areas, fitness center & more. Walk to everything downtown from this location and if you're an ASU Downtown Student, roll out of bed and walk to class in minutes.

Only 3 available like this. priced from $189,000 to $199,000.

For more information about Condos in this property or to arrange a viewing, contact Lyle Plocher with Urban Connection Realty at 602 373 3725 or lyle@urbanconnectionrealty.com