The ULTIMATE Jumbo Loan!

Did you know that a Veteran with VA eligibility can use a VA mortgage on a Jumbo Purchase?  The benefits of this program makes it the Ultimate Jumbo.  The borrower is required to put down 25% of the loan amount above $417,000 in Maricopa county, but that is minimal compared to typical jumbo mortgages.  Many jumbo programs require 25% – 30% down in Arizona.  The VA funding fee is only 1.25% if the veteran puts down 10% of the purchase price, even if they are a subsequent VA user.  That is the cheapest form of mortgage insurance I know.  If they put down 5% the funding fee is 1.5% which is almost as cheap.  There is no monthly VA fee on a VA mortgage like on an FHA mortgage or conventional with less than 20% down, which helps keep their payments down.

The big advantage to this program is that a veteran can get a conforming rate on a jumbo product with a lower down payment.  Imagine a purchase price of $650,000.  A veteran could purchase that property with $58,250 cash out of pocket, a  4.25%  30-year fixed interest rate with a  4.50% APR and have a principle and interest payment of only $2,954.72!

The message I’m sending is simple: if you have jumbo listings or veteran buyers, I have a program that could benefit them and you. If you don’t maybe this information can help you get some.  Call me, I’ll help.

Mike Moshofsky

PrimeLending, A PlainsCapital Company
1201 S. Alma School Rd.  Suite 8950
Mesa, AZ 85210
Direct   480-346-8383
Cell        480-332-8545
Fax         866-908-6596
E-mail   mmoshofsky@primelending.com
NMLS# 176573

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Hip to be Square

Hip to be Square

July 7, 2010 | 2:11 PM | Real Estate | By Dawson Fearnow

Meet Xavier Square, a U-shaped strip mall where you can sip boutique coffee, browse vintage Dior dresses, blush at adult party favors—and then top if all off with patio-side Mai Tais while watching the Light Rail roll by.

Starting on the south end, Lola Coffee is a handsome space created by the bean-heads behind LUX coffee bar. Next door is a sad reminder of the housing bust, the former home of the super-cool furnishing shop, Haus. Read more here, or simply keep moving with a little saucy window shopping.

Wrapping around the back side, Unique on Central is well, unique, and a throwback to when Xavier Square was a staging point for local gay pride parades. Now skip past the travel agency and the tanning salon (or not), and dive into the racks at Central Ave Consignment.

However, whatever you do, don’t let your eyes wander next door to Vintage Fashion Inc (480-280-6838). Run by famed local fashionista, David Sheflin, this by-appointment-only boutique specializes in hard-to-find, harder-to-afford classic couture such as Bill Tice and Halston.

Whew, sounds it’s time to take a load off at Hula’s Modern Tiki. Formerly a diner and a then a floral shop, this mod space has been completely remodeled into a hip Polynesian restaurant and lounge. Just look for the glowing blue patio and the Star Wars-like glass windows overlooking Central Ave.

4700 N. Central Ave.

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Some Like It Hot

Some Like It Hot

July 18, 2010 | 9:37 AM | Real Estate | By Meghan Luther

Marilyn Monroe’s infamous (and gorgeous) Spanish-style house could be all yours, for a cool $3.6 million. As Curbed LA reports, the stunning starlet bought this four bedroom, three bath Brentwood, CA home in March of 1962, just a few months before she passed away (in the same home).

She paid $90,000 for the heavenly, terra cotta-floored hacienda, making monthly payments of $320.

The secluded property is clearly stunning, but it is not quite the glamourous monstrosity we imagined for a star of her caliber. Which makes Ms. Monroe all the more intriguing. If you’re serious, see the official listing here and welcome home! 2305 5th Helena Dr., Brentwood, CA 90049.

main

front

living room

kitchen

den

master bedroom

bathroom

office

back 2

pool

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Nordon Manor: 5130 East Exeter Boulevard Phoenix Arizona

from the Luxury Phoenix Blog:

Ah, the simple life…

It all begins with a place to call home, doesn’t it?

Well, be prepared to be taken back in time with Frank Auspitz’ reproduction of an 18th Century Farmhouse, Nordon Manor.

  • Over 4 acres of citrus groves
  • 4800 Square Foot Main House with Shake Roof
  • 2365 Square Foot Summer House
  • Sprawling Verandas
  • Tiled and Heated Pool
  • Ice House

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Air Conditioning Problems? Maybe not…

I’ve lived in my little historic bungalow for several years now.

When I bought it, I knew full well that the house needed some upgrades. But as rough as it was after a tenant and her dogs did their best to ruin the place, I still saw the charm and felt a sense of “home” when I passed it on the way to work.

I moved in during April, and at that time it had only evaporative cooling (affectionately called a swamp cooler by Arizona natives). The house had never been equipped with central air, so I made that upgrade before I did anything else. Silver Dollar Air installed it and Ted (the old owner of the company) told me at the time “you’ve got a lot of knob and tube wiring in the attic, so you may want to update the electrical before too long.”

“Yeah, yeah, yeah… put it on the list,” I thought. I had learned early on not to run the vacuum cleaner and the washing machine at the same time, so no problem. The new a/c was working great and I had more pressing issues to deal with–windows needed to be replaced, bath and kitchen remodeled, backyard needed a patio and the front yard needed something other than… well… dirt. I added ‘new electrical’ to the bottom of the list and got to work on the others.

I sailed through that first summer with my new air conditioner. By the next summer, though, I was having problems with the condenser freezing up. Ted told me to turn it off for a couple of hours (an absolute eternity in August) and then restart it. That worked for a while but a couple of weeks later the compressor froze again. It was a pain in the neck, but only occasionally, and I was cool for the most part. (The wiring was still knob and tube, of course. I hadn’t made it that far down my to-do list yet.)

Tom eventually bought Ted’s successful company, and the poor guy inherited me as an existing client. My air conditioning woes worsened. New fan motors here and there, a new condenser, and countless cleanings with an acid solution just to get the unit through “one more summer.”

Last summer, I literally had to turn the a/c off every other day while the ice melted from the condenser unit on the west side of my home. Even when it thawed, the house stayed warm. I found myself relying more and more on the swamp cooler for comfort, but as the summer progressed and the temps and the dewpoint rose, the swamp cooler just couldn’t make the house comfortable.

So after spending the better part of the summer sleeping on the couch with a window a/c unit from Home Depot, I finally decided to do something about the electrical system. I hired one of the most unreliable and undependable electricians in the valley to do the work (don’t ask) but by February 2010 (I said don’t ask) I was finally free of the knob and tube landmines in the attic.

I used the swamp cooler when the weather started to warm this summer and it worked predictably well until the last week of June or so (I can usually get to mid-July without switching to a/c, but we had some early heat waves this year). Then I brought the window a/c unit out and installed it in the living room window.

I thought that I may as well give the big unit a chance and I actually wrote a note to myself on the day/time that I turned it on to see how long it would take before the unit froze. The note reads: June 24th 3:30 pm. It turned on normally and within a couple minutes cool air was blowing out the vents. “Hmm…” I thought. “So far so good.”

It’s currently 2:58 pm on July 23rd, one day short of a full month with NO a/c problems to speak of. (I just knocked on my wood desk. No sense tempting the fates.) It’s cooler today, but the system has worked beautifully through some blistering hot days in the past weeks.

So, while I’ve spent years believing that a “lemon a/c unit” was the entire problem, was it actually the electrical system that was giving me grief? Nothing else had changed since Tom, shaking his head, handed me a price sheet for a new unit last summer. Coincidence? Anyone?

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Barbecue Season!

Maureen and Andrea at the grill.

If you already live in Phoenix and you’re like me, you spend your summers looking forward to the cool evenings of the fall, winter & spring. Open windows, fresh air and occasional rainstorms are something that we all look forward to after our notorious summers. I also look forward to the impromptu barbecues that my friends and I can cook up with just a few quick phone calls. A big grill, a few burgers and some great neighbors remind me why I moved to Downtown Phoenix in the first place. The eclectic atmosphere attracted me years ago (14 to be exact) and through the seasons, I’ve seen some amazing people added to this mix that I now call “my family.”

Sadie, Abby and Elvis enjoy the cool grass

Many have left for other parts of the country after spending a few years in the valley, and I still miss them terribly. Chris McCauley and Andrea Munzer gave Binnie and I our first Godchild, Sophie Rose, and then relocated to Dallas to further their careers. Andrea Colavito and Ben Danzo are still finding their ways through Seattle after a similar job transfer took them from our downtown Phoenix earlier in the summer. Olivia Munzer (Andrea’s sister) is now in Ann Arbor Michigan studying endangered bats for her bachelor’s degree. Barbecues are shared with different folks now, and while they may not taste the same – I enjoy them nonetheless (although Chris’ famous brownies are irreplaceable).


As a Real Estate agent, I get to meet many of Downtown Phoenix’s newcomers during their introduction to our area. It’s nice to be able to stop by and invite them to a cookout once in awhile. A quick introduction is all that’s usually needed and neighbors open their arms to a new friend. Before long, Binnie’s dog Riley is chasing Maureen’s dog Abby across the front lawn while all of us are laughing and sharing stories together over a glass of wine and a loaf of French bread.


It’s peculiar to me that neighborhoods like ours, can unknowingly – and very effectively – attract a certain “type” of individual as their residents. I’m not even sure what that “type” is, really. Downtown Phoenix houses singles and couples both gay and straight, white collar & blue, Hispanic and African American, young and not-so-young, Sikhs and Mormons, and countless other anomalies – yet each neighbor carries in him or her something that unifies them into these diverse neighborhoods of ours. Most are creative spirits with a propensity to know their surroundings on a deeper level than “the normal homeowner.” Many of us know our neighbors -for better or for worse- and this seems to be a huge draw to the newcomers that seek out homes in our historic districts. Rarely do I meet a homebuyer that simply wants to be left alone. Anonymity is one attribute that our neighborhoods don’t offer very well!


Maybe it’s the front porches that bring folks together. These vintage neighborhoods were built with the garages detached and in the backyard and the porches in the front – not like their modern-day counterparts.  So an hour or so spent in the early evening on the front porch will quickly get you plenty of dog-walking or baby-pushing neighbors passing by your home. If you know these people, you may want to offer a cup of coffee or a cold glass of water and exchange some news or catch them up on your life. But, if you don’t know your neighbors walking past your door – be sure to introduce yourself. A simple introduction may just lead to something extraordinary.
It’s barbecue season, Phoenix!

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Not Quite Finished!

Hi there!
Don and Maureen have been working hard on the new website lately, but I guess they haven’t gotten to this page yet.

Keep checking back – OR – Subscribe for updates!

See you soon!
Don & Maureen

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Phoenix History

Information, maps and photographs provided courtesy:
Historic Preservation Office of the City of Phoenix Neighborhood Services Department
200 West Washington Street
Phoenix, Arizona 85003
(602) 261-8600

A Stretch of Time
Near the central core of Phoenix lies a quiet stretch of pavement less than one-quarter mile in length. Within that quarter-mile, a collection of 30 homes comprise the compact neighborhood called East Alvarado – a neighborhood whose evolution traces the history of Phoenix and illustrates a pivotal phase in the development of both the Valley and the nation.

Located on East Alvarado Road, between Third and Seventh Street, the East Alvarado District evolved from the accumulated forces of nature, politics, and the dreams of strong-willed individuals dreams that traced their roots to the earliest days of the city and beyond.

Up From The Ashes
Befitting the mythic origins of its name, the city of Phoenix rose from the ashes of an ancient culture. A people called the Ho Ho Kam are thought to have occupied the Salt River Valley as early as the third century B. C. They thrived in this desert setting by constructing a sophisticated system of canals to deliver the waters of the Salt River throughout the Valley, providing irrigation for the stapes of their diet corn, beans and squash. Although the Ho Ho Kam would vanish from the Valley in the 15th century, the canal system remained lying dormant for the next 400 years.

In 1865, the U.S. Army established Camp McDowell, twenty miles north east of the Valley. The resulting demand for supplies drew attention to the river below where a man named Jack Swilling
uncovered the ingenious canals of the Ho Ho Kam. Described as equal parts soldier, deserter, prospector and promoter, Swilling formed a business that began to revitalize the waterways and cultivate land along the north bank of the Salt River. His activities drew additional settlers, giving birth, in 1870 to the town of Phoenix.

Taking Nature’s Cue
As the waters granted Phoenix life, they also checked its early growth and form. The seasonality of the river flows saved the city from the frenzied fluctuations of the western boomtown syndrome, nurturing instead a paced and steady rise. Drought would curb rapid accelerations in growth, while
alternating floods along the Salt River gave a northward push to development as residents abandoned low-lying areas, moving north along the square-mile grids established at eh city’s founding. Center Street, now Central Avenue, became the major north-south thoroughfare, thriving with commercial and residential development. On the eve of the 20th century, the future site of East Alvarado was still two miles north of the city’s center.

Building Momentum
By the late 19th century, the components were assembled to pave the way for dramatic growth in the Valley. In 1885, the opening of the Arizona Canal brought irrigation to an additional 100,000 acres of desert land. In 1888, the railroad came to Phoenix. And in 1889, the city was selected as
the Territorial Capital. All the while, demand for agricultural products was on the rise.

The population of Phoenix tripled between 1885 and 1890. But the alternating plagues of floods and droughts persisted. It became evident that to provide for continued, stable growth the waters of
the Salt River must be tamed.

Leading The Charge
In 1895, Dwight B. Heard arrived in Phoenix. A young assistant credit manager with a Chicago hardware firm, Heard was forced to make the move because of weakened health. A seemingly unlikely candidate to pioneer the rugged deserts, Heard was in fact from solid stock. His ancestors were among the hardy lot to colonize 17th century New England. With equal vigor, Heard took to the 19th century West.

By 1897, Heard had established an investment company and was actively engaged in raising crops and cattle. His business activities quickly revealed the limitations of the fickle waters of the Salt River. He became an active force in promoting federal efforts to control water in the dese4rt. Heard’s tireless efforts were rewarded with passage of the 1902 National Reclamation Act. The Act provided needed funds for construction of the Roosevelt Dam which, when completed in 1911, stabilized the Valley’s water supply and provided a platform for unparalleled agricultural expansion and economic growth.

Drawing Up Dreams
In 1903, anticipating the prosperity his political efforts would bring Heard and his wife Maie ventured north along Central Avenue and constructed a 6,000-square-foot Spanish colonial Revival mansion at the corner of Monte Vista and Central. The home, named “Casa Blanca” would become the anchor for an entire quarter section of land that Heard subdivided in 1909 Ranging from Central Avenue to Seventh Street and McDowell Road to Oak Street, Heard called his new subdivision “Los Olivos” and divided the 160 acres into 32 parcels of five acres each. Originally intended for upscale, estate size homes, the project was ahead of its time. The market demanded
smaller homesites, and Los Olivos was resurveyed and replatted numerous times between 1909 and 1919 to meet this demand.

By the mid-1920s, activity spurred by the reclamation projects created an explosive period of residential construction throughout the Valley. Construction moved at a rapid pace in Alvarado Place, a development located at the northwest corner of the Los Olivos subdivision. In 1929, East Alvarado Road was extended out of Alvarado Place from Third Street to within 100 feet of Seventh Street. Two tracts were recorded, and the East Alvarado neighborhood was born.

Fits and Starts
The real estate firm of Greene and Griffin enthusiastically promoted East Alvarado. In 1930, the firm’s construction partner, Home Builders, Inc. built the first home in East Alvarado as a speculative venture. Designed by C. Lewis Kelly, this “spec” house showcased the Spanish colonial Revival Style, then the most popular style of the day.

Popular styles, however soon gave way to much larger forces as the decade of the 1930s brought
depression on a worldwide scale. Though its vibrant economy resisted, Phoenix also had succumbed to the economic malaise by the mid-1930s. Government action would once more step in to jumpstart the fortunes of Phoenix.

With roots tracing back to housing shortages following World War I, federal housing programs were beginning to mature. Passage of the National Housing Act of 1934 created programs to foster an increase in individual home ownership throughout the country. Additional impetus was provided locally through the efforts of Arizona’s powerful congressional delegation. Led by Senator Carl Hayden, the legislators were responsible for a rise in employment – stemming from government projects.

The Advent Of The Ranch
The Federal Housing Administration (FHA), established under the National Housing Ace, would in large part mole the look of housing throughout the country during the next few decades. The FHA’s requirements for standardized house forms, materials, and construction methods moved styling away from the romanticized Period Revivals of the 1920s to a simplified style, now called the Ranch Style.

With financing bolstered by FHA loan insurance, the new ranch styles became prolific. The 1930 “spec” house had remained the sole dwelling in East Alvarado until 1937. But fueled by the FHA and employment from additional government initiatives, the remaining 29 East Alvarado homes would be constructed in only five years.

Based on FHA theory, East Alvarado was promoted as a model home development. The efforts included establishing outreach programs to inform the public of improvements in construction standards, encouraging home ownership, and increasing awareness of FHA mortgage financing. With uniform lots, setbacks and scale of structures, East Alvarado exemplified the”streetscape concept” promoted by the FHA to create uniformity and continuity of design, with the intention of enhancing sales and protecting real estate values.

Through the continued involvement of Homebuilders, Inc., East Alvarado would flourish. The homes that were produced are generally known as Early Ranch or Minimal Traditional Style. There are several variations of the Early Ranch, including the Monterey-influenced Early Ranch house, characterized by tits “L”- shaped plan and low-pitched roof, and the French Provincial Ranch with its characteristic hipped roof and cornice molding at the eaves. Retaining a hint of the old, East Alvarado also contains several versions of simplified Period Revival Styles.

The Ranch Becomes Ubiquitous
East Alvarado evidences the emergence of an architectural form that would come to epitomize the modern American West. From its origins in the late 1930s, the Ranch Style house reflected the economics of the times. Simplicity and adaptability of size and layout allowed the style to flourish, particularly in Phoenix where it would become the dominant design of the 1940s and beyond.

East Alvarado stands as testimony to a period of critical transition in the residential architecture of
Phoenix – a model for the “suburban ranch” neighborhoods that would follow.

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11 Phoenix historic places nominees to be reviewed

by Sadie Jo Smokey – Mar. 17, 2010 11:16 AM
The Arizona Republic

As the real-estate market continues to struggle, several hundred homeowners are expecting a boost in their property values when their historic neighborhoods are listed in the National Register.

On March 26 the Arizona Historic Sites Review Committee will review 11 nominations to determine if they should be listed in the Arizona and national registers of historic places.

The committee of citizens knowledgeable in Arizona history, archaeology or architecture, meets once or twice a year to help the State Historic Preservation Office nominate properties to the National Register.

“We are thrilled to pieces,” said Eileen Bailey, a longtime Campus Vista resident, one of the nominated districts. “My neighbor told me that when she moved in it was a dirt road, no mail delivery. She could hear the cows mooing at Central Dairy. Central Dairy is where Park Central is now.”

National designation boosts neighborhood pride and encourages better upkeep of homes and yards, experts say. It can also give homeowners financial incentives, such as tax credits and matching grant programs for home maintenance, if they’re available, they say.

In February Sen. Linda Gray, R-Phoenix, proposed eliminating the tax incentive for historic residences. The existing historic property tax classification cuts a homeowner’s property taxes in half.

Roughly 5,200 homes in Arizona are designated as historic. More than 2,400 central Phoenix homes benefit from the tax break. It’s unclear how many additional homes in the nominated districts would qualify for the tax break. But owners of historic homes in recognized historic districts dodged a bullet last week when state lawmakers passed a budget that did not include at change to the tax classification.

Nationwide, there were about 1,125 historic-district properties added to the national registry in the fiscal year ending Sept. 30, 2009, according to estimates by the National Parks Service.

Property owners don’t qualify for the historic property tax reduction until they’re on the National Registry.

“We’re trying to preserve historic Phoenix,” said Bailey of her neighborhood of red-brick homes. “I think we should be lauded for that.”

Historic neighborhood activists say even if the city had the staff to produce and process them, city-funded nominations this large are a thing of the past because of Proposition 207.

Under the voter-approved 2006 measure, property owners must be compensated for any changes in zoning and other land-use laws that hurt their property values.

Resistance from one property owner within the boundaries of a proposed historic district could derail the entire nomination application. Some property owners don’t care for the strict regulations on construction and home modifications that come with the historic district label. City approval is required for construction and demolition in historic districts. These 11 districts were all city designated prior to 2006.

Once the nominations are approved, the State Historic Preservation Office forwards the nominations to the National Parks Service offices in Washington, D.C., for review and processing.

If the process goes according to schedule, the districts could be listed on the National Register of Historic Places by May.

Neighborhoods nominated

Each of these 11 neighborhoods are listed in the Phoenix Historic Property Register, but are not on the National Register.

Once the neighborhoods are listed in the National Register, owners of qualifying properties can apply for the state’s historic-property tax reduction.

• Campus Vista, generally bounded by Osborn and Thomas roads, Seventh and 15th avenues

• East Evergreen, generally bounded by McDowell Road, Interstate 10, Third and Seventh streets

• Encanto Manor, generally bounded by Thomas Road, Windsor Avenue, Seventh and 15th avenues

• Encanto Vista, generally bounded by Windsor Avenue, Encanto Boulevard, Seventh and Eighth avenues

• Brentwood, generally bounded by McDowell Road, Interstate 10, and 16th and 20th streets

• Garfield, generally bounded by Roosevelt, Van Buren, Seventh and 16th streets

• North Garfield, generally bounded by Interstate 10, Roosevelt, Seventh and 16th streets

• Los Olivos, located along Monte Vista Road between Third and Seventh streets

• Villa Verde, generally bounded by Monte Vista and Granada roads, 19th and 20th avenues

• Woodlea, generally bounded by Glenrosa Avenue, Mackenzie Drive, Seventh and 15th avenues

• Yaple Park, generally bounded by the Grand Canal, Turney, Third and Seventh avenues.

Source: Phoenix Historic Preservation.

In for the long haul

The federal historic district recognition process is long, daunting and pricey, say historic district activists.

La Hacienda Neighborhoods, with 45 homes near Seventh Street and Thomas Road, was one of the last Phoenix historic districts to receive national recognition.

La Hacienda received its federal recognition last year. It was approved for city designation in 2002 with Earll Place, Medlock Place, Brentwood and Encanto Vista.

• In 2001, residents began the historical survey, cataloguing of properties and documenting resident support of the district, said Campus Vista neighborhood association founder Eileen Bailey.

• In 2003, Phoenix leaders gave historic designation to the neighborhood that wraps around Phoenix College, generally bounded by Seventh and 15th avenues and Thomas and Osborn roads.

• In March 2008, the City Council approved a contract with a private consulting firm to prepare the state nomination to list Campus Vista and 10 other neighborhoods on the National Register of Historic Places.

Source: Republic archives.

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