downtown san diego nov. 10

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  • Real Estate NewsWhats Making Headlines?

    Downtown San Diego NeighborhoodsSpotlight On: Little Italy

    Love at First BiteSuite & Tenders Chopped Salad

    Downtown San Diegos Real Estate Report

    FEATURED PROPERTY

    November 2010

    If your home is currently listed, this is not a solicitation for that listing. Produced by UpscaleRealEstateMarketing.com 877.660.0996

    800.588.7382 www.DowntownSanDiegoProperties.com

    HORIZONS CURRENTLY AVAILABLEBed / Bath Est. SF Floor List Price 2 / 3 1,640 TH $749,0002 / 2 1,263 23rd $775,8762 / 2 1,497 19th $892,0004 / 4 2,516 TH $1,395,0003 / 4 2,752 22nd $1,949,000

    CONTINGENT2 / 2 2,007 25th $1,125,000

    SALE PENDING2 / 2 1,544 16th $925,000

    SOLD UNIT SOLD PRICE1 / 1 897 202 $350,0001 / 2 1,249 207 $369,9002 / 2 1,301 302 $430,0002 / 2 1,263 2001 $575,0002 / 2 1,245 1005 $610,000

    PARK PLACE CURRENTLY AVAILABLEBed / Bath Est. SF Floor List Price 1 / 2 1,113 TH $460,0001 / 2 1,268 25th $555,0002 / 2 1,545 3rd $649,9002 / 2 1,338 5th $650,0002 / 2 1,252 5th $725,0002 / 2 1,374 13th $1,045,000

    CONTINGENT2 / 2 1,575 4th $640,000

    SALE PENDING2 / 2 1,375 TH $485,0002 / 2 1,545 5th $595,0003 / 4 1,776 TH $699,000

    SOLD UNIT SOLD PRICE1 / 2 1,113 408 $410,000

    CURRENT REAL ESTATE ACTIVITY IN HORIZONS & PARK PLACE

    ARG-Abbott Realty Group435 4th Ave. San Diego, CA 92101

    All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various participants in the MLS.

    SANDRA MELVILLERealtor, CRS, GRISandra@ MelvilleAndAssociates.com

    619.454.5464

    85026PERMIT 1441

    Trellis | Unit 2101 Bed | 1 Bath 725 Sq. Ft.$279,900Trellis is located in the heart of the

    Gaslamp District. This unit opens out to a large patio with views of the private courtyard. Granite counters, stainless-steel appliances and a large pantry round out the comfortable kitchen. Tiled floors at entry, kitchen and bathroom. Full-size, stacked washer and dryer. Controlled entry access, workout room, covered parking and community BBQ. Fantastic downtown living!

  • The Sky TonightRueben H. Fleet Science Center, November 3rd619.238.1233 | RHFleet.orgVisit Californias largest planetarium during their monthly live show, featuring the largest planet in the solar system Jupiter. Audience members can also explore interesting objects in the sky such as supernovas and black holes. Afterwards, check out the solar system on your own with the free telescope viewings outside, provided by the San Diego Astronomy Association.

    Susan G. Koman Race for the CureBalboa Park, November 7th858.573.2760 | KomenSanDiego.orgJoin in the fight against breast cancer with the largest 5K event in San Diego. As a runner/walker, youll be part of a vast group of those in support of finding a cure for this disease. You may sign up to run in memoriam of a lost loved one, or in celebration of a brave survivor. Before and after the race, enjoy the multitude of booths and exhibits that will have information, freebies and goodies.

    So You Think You Can Dance TourSan Diego Sports Arena, November 13th619.224.4171 | SanDiegoArena.comYou watched your favorite dancers on TV, now is your chance to see them perform live! The top 10 contestants are on tour including this seasons winner, Russell. Whether you are a dancer yourself or perhaps just a dancer at heart, youll enjoy the music, rhythms, choreography, costuming and all-around entertainment!

    San Diego Wine and Food FestivalVarious Locations, November 17th 21st619.342.7337 | WorldOfWineEvents.comThis culinary extravaganza is sure to tantalize any participants taste buds. All week long check out some of the great culinary events including the Celebrity Chef Luncheon and Big Bottle Auction. Featuring 15 celebrity winemakers and celebrity chefs, the proceeds will benefit The American Institute of Wine & Foods Culinary and Enology Scholarship program.

    Wild West Presents: Vince Vaughn and Kevin James Comedy RoadshowBalboa Theatre, November 18th619.570.1100 | SanDiegoTheatres.orgKnown for their roles in films Wedding Crashers and Hitch, Vince Vaughn and Kevin James are considered two of the top comedians today. These two are sure to keep the audience laughing with their live sketch comedy and surprise special guests. San Diego is lucky to be one of just 14 stops on this comedy roadshow!

    NOVEMBER 2010

    CHOPPED SALADBoston bibb lettuce, teardrop tomatoes, maple bacon,

    chives, chervil and bleu cheese crumbles tossed with bleu cheese vinaigrette.

    Featuring Suite & Tender1047 5th Ave.

    619.515.3003 | SuiteAndTender.com

    INGREDIENTS3 oz. bibb lettuce3 each yellow & red teardrop tomatoes (cut in half)1 oz. maple bacon, cooked1 oz. crumbled blue cheesechervil & chives as garnish2 oz. bleu cheese vinaigrette (see recipe below)

    METHODToss all ingredients except chervil and chives together until well coated with dressing. Serve on a chilled plate. Finish with chervil and chives garnish.

    BLUE CHEESE VINAIGRETTE1/3 cup white balsamic vinegar1/3 cup olive oil blend2 scallion stalks, diced fine2 Tbs. bleu cheese (Maytag or Roquefort Bleu)Season with salt & pepper

    One of downtown San Diegos neighborhoods filled with culture, charm and a sense of community is the Little Italy neighborhood at the northern edge of San Diego Bay. Once the place of industry for fisherman and the home of many Italian families that fished the waters, Little Italy today is now a village teeming with specialty shops, dining, art galleries and more. Hanging proudly over India Street, is the recognizable Little Italy sign that residents and tourists alike enjoy as a delightful accent to the areas landscape. Amici Park, lined with cypress trees and featuring a bocce ball court, adjoins the rebuilt Washington Elementary School, providing a playground for students and open space for the community. The neighborhood also hosts a variety of annual arts and holiday festivals, including ArtWalk and Festa. In addition to the recreational opportunities, Little Italy also offers plenty of options in living including condominiums, apartment complexes and single-family homes. A handful of new condominium projects are planned for the area. India & Beech, with a planned height of 29 stories and 50 residential units

    with one, two and three bedroom floorplans, is also expected to have nearly 10% of the building space dedicated to retail space. Another smaller condominium development with plans for just 40 units is the Riva Trigoso, designed by Martinez + Cutri architects. With 50,000 square feet dedicated to residential and 11,000 planned for office space, it may be a good option for a live/work lifestyle. Pier, a larger development with 247 units, will offer studio, one and two bedroom floorplans. An estimated completion date for these three developments hasnt been announced yet. In addition to housing, two other projects are planned for the Little Italy neighborhood. Monarch School, an educational facility, and Waterfront

    Park. The park is a visionary plan to transform the parking lots near the County Administration Center into a lushly landscaped area filled with trees, grass and a fountain.

    Spotlight: LITTLE ITALY

    MORTGAGE PAYMENT RELIEF FOR ELIGIBLE MILITARY To aid and support military families struggling because of a death or injury of a service member, mortgage giant Fannie Mae has announced a program to give these families a reprieve on their mortgage payments.

    Fannie Mae says it will reduce or suspend the mortgage payment for up to six months. They also announced that they will suspend reporting to credit bureaus for up to six months in an effort to minimize the impact of the borrowers credit score. Fannie Mae is the largest buyer of our nations residential mortgages. Its estimated that they own, or are guaranteeing, over $3 trillion in home loans. To learn if theyre eligible for the program, military members or surviving spouses can call 877.645.4566.

    MAKING REAL ESTATE HEADLINES: RESALE FEES A bill has been introduced called the Home Equity Protection Act of 2010. In it, is language seeking to amend the Real Estate Settlement Procedures Act (RESPA) currently in place by prohibiting the collection of Resale Fees.Many condo and high-rise developments add a Resale Fee into the sales contract. Typically, its a fee thats due from the seller to the HOA when the homeowner sells. Funds to the HOA are used for common-area maintenance or for the associations reserve fund either one benefitting the HOA and thus the property value. However, there are some new developers that are adding in a Resale Fee, typically calculated as 1% of the sales price, every time the house is sold. Often for up to 99 years. The problem is, this new Resale Fee isnt used by the HOA for upkeep or improvements. Its simply money paid to the developer to boost their revenues for years to come.In addition to the Home Equity Protection Act of 2010, the

    Federal Housing Finance Agency is also working to stop the use of such Resale Fees. In their proposal, they outline a plan to keep Fannie Mae and Freddie Mac, the two largest mortgage companies, from insuring or purchasing mortgages that include such fees. If youre considering buying or selling, be sure to talk with your REALTOR and learn if Resale Fees, and who they benefit, will be an issue for you.

    FORECLOSURE BILL VETO President Obama plans to veto a bill using a process known as a pocket veto. This will be the first veto of his administration. The veto of the bill is intended to make it harder for banks to foreclose on homeowners, giving borrowers an opportunity and more time to work out their loan default issues. In recent weeks, it was learned that several of the nations la