Tina Stern Sells Home to Miley Cirus

July 3, 2011  |  No Comments  |  by Tina Stern  |  Studio City

Miley Cirus buys home in Studio City, Ca

By: Tina Stern

As the listing agent of 11524 Amanda Dr., I recently sold this 5 bedroom, 7 bath home to Miley Cirus in Studio City. This home was featured by the Los Angeles Times as Home of the Week and the NBC show Open House LA. Take a look at this fabulous property below:

Drive up this quiet country lane and discover a one-of-a-kind rare offering nestled atop the hills of Studio City. This astonishingly beautiful setting with lush canyon vistas creates a unique opportunity to toast the sunset with breathtaking unobstructed panoramic views.

The Mid-century modern single story gated and walled compound has been re-imagined from studs to ceiling with meticulous attention to style and design. It combines the ultimate California indoor/outdoor living experience for entertaining and is the perfect celebrity hideaway.

Situated on a private promontory of approximately 1.15 level and useable acres, the home has been beautifully landscaped and features approximately 5173 square feet. An abundance of light floods the open and smart floor plan encompassing the living room, formal dining room and expansive family/media room and kitchen with walls of windows, rich dark stained oak floors and three fireplaces. Additional features include dual zoned HVAC, a 5.1 surround sound family room, iPod docking stations, security alarm system with multiple cameras and phone and data cable. There are speakers located throughout the interior and exterior of the home.

The huge spa inspired master wing includes a sitting room, fireplace, sky light, dual walk in closets, private viewing patio and luxury bath. Enjoy a steam shower, or relax in the Jacuzzi tub while enjoying complete privacy and the peaceful green canyon view.

The expansive professional style state of the art kitchen utilizes top of the line appliances including an imported Bertazzoni range, Rohr faucets, Walker Zanger tiles and Cesar Stone counter tops. The center island topped with exotic wood and the integrated dining peninsula are perfect for grand entertaining or an intimate dinner for two.

Enjoy your workout in the gym while looking out at commanding valley views and the serene saltwater solar heated pool and luxurious pavilion for al fresco dining.

A separate guest unit, 3 car garage and gated motor court with room for approximately 10 cars complete the property.

Close to many sought after schools and minutes from Mulholland, Universal and Warner Brothers Studios with easy access to the west side.

View Floorplan (click on the image to enlarge)

Sold at: $3.9 million

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Why Buyers and Sellers Should Take Advantage of Today’s Real Estate Market

February 17, 2011  |  No Comments  |  by Ewing & Associates  |  Sherman Oaks, Studio City


While the Getting’s Good…

By: Cynthia Sparagna

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The Case-Shiller Index is one of the country’s most popular ways of measuring the movement of home prices. And in its latest rating, which went out in late December, the verdict was: Prices are down. The Case-Shiller report’s 20-City Composite rating was 0.8% lower than it was one year previously; the first year-on-year decrease since October 2009.

In some markets, sales were the worst ever—as the report noted: “While the composite housing prices are still above their spring 2009 lows, six markets—Atlanta, Charlotte, Miami, Portland (OR), Seattle and Tampa—hit their lowest levels since home prices started to fall in 2006 and 2007, meaning that average home prices in those markets have fallen beyond the recent lows seen in most other markets in the spring of 2009.” This may make buyers complacent, expecting prices to go down further. And if you’re a seller, your immediate reaction might be to hide under the covers.

But all may not be so negative—in fact, quite the contrary. For one, Case-Shiller numbers, when they come out, have a lag time of several months—the aforementioned batch covers through October. Since then, a lot of positive things have happened. For one, strong consumer holiday-shopping showings boosted big retailers across the country, making it the best shopping season in years. A rising stock market and tax-cut extension has also made folks a little less nervous to open their wallets. And, while unemployment is still a problem, there is some good jobs news as well—initial jobless claims fell to 388,000 for the week ending Dec. 25, down from 422,000 in the prior week (the first time it’s gone below 400,000 since July 2008).

It’s because of reasons like this—increased consumer confidence and slight lessening of fear—that you shouldn’t count on home prices dropping more. Part of it is psychological: If people see the financial and retail markets go up, signaling that the bottom in this particular financial cycle has been reached and things are moving upward, that creates more interest in buying big-ticket items, like homes. It’s normal for a buyer to start rationalizing things this way: If the economy’s starting to improve, this house is going to wind up costing much more at some point. I’d better get in the door now, so I don’t miss the boat.

Yes, there are still plenty of problems. Not just rampant unemployment (despite initial jobless claims numbers), but also a high number of foreclosures, a crowded inventory landscape and mortgage rates that are anything but friendly. But these factors could, ironically, be a sign to buy. For instance, when interest rates go up uniformly over time as they have been, people develop a bite-the-bullet mentality, thinking: “I’d better buy now even though they’re high, because it doesn’t seem like they’re going down any time soon.”
This mentality—of getting in before things move up—is something to think about if you’ve been considering selling. Get your home prepared to sell by having a professional home inspection and fixing major problems that could be impediments to buyer interest. And for buyers: Buying a home is an individual process with many factors at play, so it’s impossible to say that it’s the ideal time for everyone to buy. But for many buyers, a simple saying may very well hold true: Get in while the getting’s good.

EwingSIR does not guarantee information contained in this blog, readers are encouraged not to rely solely on this information and to do their own independent research of facts contained herein. Blog information was obtained from independent sources that we do not endorse, and we do not investigate this information for accuracy.
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