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HOMES AND PROPERTY
Mountain Views-News Saturday, January 8, 2011
One Of A Kind: Featuring unique homes and gardens and the people whoe create them Story By Chris Bertrand Photos by Daniel Todd Dorrance
The (Fabulous) House and Views That Come with Sierra
Madre’s Famous Wistaria Vine
Tucked up against the foothills of Sierra
Madre is the historic Wistaria
vine (Wistaria is the historic spelling
of choice used by the city) that made
Sierra Madre “famous.” Noted in the
Guinness Book of World Records as
the world’s largest vine, the plant rambles
through a property recently listed by Judy and Amy Skiff
of Dickson Podley.
We’ve done yearly articles on the vine and the associated
mid-March festival in town with all the details, (http://mtnviewsnews.
com/old/mvnews/v04/MVNews_2010_03_13.
pdf on p. 18).
On and off for almost a century, two adjacent properties on
Hermosa have been open for public viewing one day a year.
The current owners have been delighted to share this “Sierra
Madre Treasure” with the public since their purchase of the
property in 2006.
The first question people inevitable ask is about hosting the
viewing in March every year. “It’s really been no trouble at all
to host the vine viewing,” reflects the owner. “The city and the
local Chamber have it all well organized.”
“They pay insurance during the period visitors will be onsite,
so our liability is covered. Then it’s only a very brief time during
the year and we get to enjoy it for months in between!
There isn’t any requirement that we open our property on
that one day in March. We’ve considered it a privilege. A new
owner can choose to open it or not, BUT we’ve loved doing
it!”
What Wistaria Festival visitors never see is the stunning 3520
square foot (measured), four bedroom, three bath home that
sits atop a sloping site affording twenty to thirty mile views
toward downtown LA. “We get fabulous sunsets all year long
and get to enjoy the vine from above. When in bloom it’s like
a rolling sea of purple for a month or two,” say the owners.
Inside, the film production designer owners remodeled just
about everything over the past five years, using their creativity,
design and artistic backgrounds to create a soothing Sierra
Madre sanctuary. A pale celadon and white palette on
the bead board in the great room provides a nonintrusive
foundation for the magnificent open beam and trussed great
room ceiling. Skylights and lighted ceiling fans were added
to illuminate the intricate beam patterns as well as the huge
living and dining space.
Old asphalt tiles were peeled up, revealing a patterned concrete
floor which was then polished to a soft patina. An indoor
planter box was removed in the dining area to expand
the seating area. The tremendous fireplace creates a focal
point on one wall, and includes a setup for a flat screen TV.
Opposite, a wall of French doors facing the yard and views
reflects in a soft green glow of the outside vegetation, complementary
to the wall color.
Nearby a walk in nook in the owner’s office allows easy
complete access to all technology hookups
for media, intercom, electrical, etc. No crawling under the
house or into the attic. It’s all neatly arranged in its own closet.
The kitchen is perfect for someone who loves to cook, with
professional Thermador cooktop, Sub Zero and Perlick appliances,
double ovens, stainless steel sink with pot filler,
CaesarStone counters in a deeper shade of that celadon, The
piece d resistance are the open cabinets. The owner specifically
designed them for easy access during cooking with pop
up mechanism for the mixer and slide out drawers for pots,
canisters and supplies.
The main floor master suite includes a wonderful bath
warmed in wonderful goldenrod walls, an extra deep soaking
tub, a walk in shower with plate glass surround and gorgeous
detail work here… and everywhere else in the home. You’ll
find teak floors, intricate inset ceilings, gorgeous stone and
tile work, professional
landscape, updated electrical and plumbing, etc. In
short… a home with character and history, with all the current
technology, bells and whistles.
“We reconfigured the lower level with two bedrooms, a full
bath and a family room with walkout access to the yard. We
expected the kids to hang out down there, but everyone gravitates
to our wonderful great room. It’s a fabulous welcoming
space for small and large family and friends to gather,” said
the owners. “All this being said, sadly we have to leave the
area for work.”
535 N. Hermosa Avenue in Sierra Madre is offered at $1,350,000
by Judy and Amy Skiff of Dickson Podley. For more information,
contact them at 626-355-2384 or visit the company’s website,
www.DicksonPodley.com.
Proceed
with Caution
Many sellers are tempted to list For Sale By
Owner (FSBO) because they feel home prices
are down and they don’t want to lose one
more penny to paying a commission. But
with fewer than ten percent of all home sales
falling into the FSBO category, it’s a challenging
strategy.
In personal terms, you’ll have to safeguard
yourself against prospects who have not
been screened and qualified by a professional.
When someone calls to request a
showing, note their caller ID and keep a log
of visitors. Stash away prescription medications
and valuables before showings, and
afterwards check that all your windows and
doors are locked.
There are also legal considerations for your
listing and hopefully, your eventual sales
contract. Be sure your listing complies with
the Fair Housing Act, which prohibits discrimination
against buyers. If you’re unfamiliar
with escrow and title insurance, hire
a real estate attorney to draft, review and record
all documents.
This economy makes securing a loan difficult,
so it’s wise to require a loan pre-approval
letter from buyers before accepting
any offers. If you really want to get attention,
sweeten the pot by offering a two to
three percent commission to any agent who
brings buyers to you. FSBO is not the easiest
route, and many impatient and frustrated
sellers end up hiring an agent to make the
sale happen.
Luther Tsinoglou was named the top producing
sales agent in Dickson Podley Realtor’s
Sierra Madre office for 2009, making the top
10% at the company overall. Luther has been
licensed and practicing real estate since 1992.
He specializes in residential and income property
in Southern California. Luther can be
reached at his direct line (626) 695-8650 or at
luther@tsinoglou.com.
New Cost-Saving Flood Insurance Option
From FEMA
(NAPSI)-There may be good news for residents
and business owners in locations recently
designated as high-risk flood areas.
Starting in 2011, the Federal Emergency
Management Agency’s (FEMA’s) low-cost
insurance policy may be available to help
them save on flood protection.
Making New Insurance Requirements
More Affordable
Flood risks are dynamic and change over
time due to a variety of factors, including
changes in the natural landscape, the impacts
of land use and development, and the
condition of flood control structures such as
levees.
Since mandated by Congress in 2003, a
multi-year effort has been underway to update
the nation’s flood maps to reflect these
changes. The new maps are providing more
accurate information about where flooding
is most likely to occur.
As a result, many property owners are finding
that their risk has changed and they may
now be required to purchase flood insurance.
Fortunately, FEMA understands the
financial burden this may place on some
property owners and is expanding eligibility
for its popular lower-cost flood insurance
policy.
A New Insurance Option
Beginning January 1, 2011, a new insurance
rating option from FEMA’s National Flood
Insurance Program (NFIP) will allow many
property owners who previously didn’t qualify,
to take advantage of the low-cost insurance
for two years before they are required
to pay standard rates.
The program will make Preferred Risk Policies
(PRPs), which start at just $129 a year,
available for properties that have been newly
mapped into high-risk areas due to a flood
map revision on or after October 1, 2008.
“Floods are the nation’s most costly and frequent
natural disaster and those who are
now in the highest risk areas really must
have flood insurance protection. But we recognize
the challenge of additional expenses
in the current economy. This new option
provides time for residents to adjust to the
higher risk level-and continue their flood
coverage at a more affordable rate,” said Edward
L. Connor, Acting Federal Insurance
and Mitigation Administrator.
While extended eligibility for the PRP does
not become effective until the start of the
new year, policyholders who believe they
may qualify should contact their insurance
agent for further details.
After two years at the reduced PRP rates,
policies will increase to standard rates. However,
there are other options to reduce cost,
including a grandfathering provision, use
of elevation ratings and higher deductible
policies.
To learn more, visit http://www.floodsmart.
gov/floodsmart/pages/flooding_flood_
risks/prp_extension_for_property_owners.
jsp or call (800) 427-4661.
Addressing Your Risk
This new option represents an important
way to save on flood insurance for those who
are newly required to carry it. But flooding
routinely impacts people across the country,
and flood insurance is recommended even
when not legally required. FEMA encourages
residents to learn more about their risk
and consider flood insurance to safeguard
their home and assets.
PROTECTING YOUR PROPERTY
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