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May 2008

May 29, 2008

Old Is New Again- Trending Away From Tear Downs

Minton Kaufman House Meet Anna Minton and Mark Kaufman- one eco-friendly family that has saved their home from the bulldozer.  Anna and Mark have restored Anna's family home on a beautiful piece of property in Kent Woodlands, saving it from the typical tear-down and replacement with yet another McMansion.  This would have been a very likely occurrence given the current trend in Marin. 

Anna's father, architect John Minton, designed the home in 1953.  He designed the steel-framed home originally with a passive solar design.  The floor to ceiling windows face south, which allow the sun to shine into the home from October to March, but not during the summer months.  The roof is cantilevered, which also limits the sun exposure.  The foundation is cement slab with a built-in copper radiant heating system that still works five decades after installment.  This classic home, far from being outdated in 2008, is still very modern, and livable.  Anna and Mark reside in the home with their two teenage children and their black lab, Kimmy, who breeds for Guide Dogs For The Blind.      

1953 sustainable materials are still working for them today.  All they had to do was fix some immediate problems, and complete deferred maintenance. They hope to keep the home in the family through the next generation.

The Original Couch From Gumps Inside, the furnishings are also sustainable and quite stylish.  The Spanish dining table is a family heirloom dating back to the 1800s.  The living room sofa is one my personal all-time favorites.  It is an extraordinarily long (12 feet!)silk custom couch designed specifically for the Minton's living room by Gumps in the 50s, and it's still going strong!  In the kitchen they retained the original marble countertops and wood cabinets.  They still even use the original electric cooktop from Thermador.

The Windows In The Living Area Original cork flooring remains installed on the stairs and in the second story bedrooms.  Unfortunately, due to weather and mild earthquakes, the cork did not last downstairs and has been replaced with tile.

Landscape designer Michelle Derviss, and her partner, Miguel Chavez of Derviss Design, were hired to help with the outdoor planning.  Michelle loved the original classic modern design.  The yard's layout is essentially the same as John Minton's design in the 1950s, with the addition of a blue stone fountain pointing to Mt. Tam.  The hardscape had water, soil erosion and View of Tam from Home earthquake damage and needed replacement.  Much of the original aggregate was used to bolster paths on the hillside property.

The garden has a functional beauty, filled with goodies to feed the family.  My favorite story is the one about Mark trading 240 lemons for fresh fish, from a local fish store this year.  The very prolific lemon tree, planted in the 70s has even allowed for a batch of Limoncello!  Mark is a long-time gardener and has developed a sustainable fruit and vegetable garden.  The Famous Lemon Tree The garden includes tomatoes, peppers, basil, garlic, shallots, carrots, beets, asparagus, blueberries, blackberries, raspberries, huckleberries, two varieties of plum, four types of pears, figs, lemons, apples, peaches, apricots, cherries, tangerines and oranges.  Mark has to constantly remove the oak acorns so that they do not take over the place,  but he's also nurturing a couple of dozen coastal oak seedlings.

This is one of my all-time favorite Marin stories about a family who has really stepped up to the plate for sustainable preservation.  If you are looking to preserve a property , or wish to locate one for preservation, please contact me at The Madison Company.

For more information and sources on preservation-

**Landscape Architects: DervissDesign.com

**Native landscape blog website: Gardenrant.com

Click here for the complete index of photos of the Minton-Kaufman home.

 

May 03, 2008

The 101 On Short Sales On The 101 In Marin

Short_sale Everyone expects a deal these days in the real estate market.  We have all been bombarded with the news on these steals and deals in the Bay Area.  Fortunately for Marin homeowners, the trend has not hit this county in the same way as our neighbors in the East Bay, otherwise known as "Vacantville."  If you watch late, late night TV you will be teased by these steals and deals with homes selling in the hundreds of dollars.  These shows were made for people who believe you can get something for nothing, and as the saying goes, "there's a sucker born every minute."

Distressed Properties 101

What is a Short Sale?  The loan balance exceeds the market value of the home.
A Foreclosure?  A notice of default on the loan is sent to the Owner of the property by the Lender and the payments are in arrears.  The Owner has 122 days from the Notice of Default to sell the property prior to the Lender taking it back.
An REO?  Real Estate Owned property is owned by the bank rather than the Owner, and the agreed upon listing price and conditions have been approved by the Lender in advance.

"The best scenario for buyers is the REO.  You do not want to buy a foreclosure until they become an REO; bank-owned property.  The only advantage to the short sale is for the seller to work out a deal with the bank in advance and protect their credit."

House_for_sale_2 That's what my colleague John Skinner, of the Madison Company Realtors has to say.  And according to my broker, Nancie Bottmeyer-

"Short sales create the lower end of the market, and bring false expectations from the buyer, in that they are expecting a bargain."

On a more positive note, last week a Central Marin appraiser had several appraisals that involved multiple offers, some over listing price.  Nancie's quotable quote: Prime properties properly priced, are promptly purchased in any market!

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