Ukiah Daily Journal from Ukiah, California on March 19, 2004 · Page 24
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Ukiah Daily Journal from Ukiah, California · Page 24

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Ukiah, California
Issue Date:
Friday, March 19, 2004
Page:
Page 24
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4—FRIDAY, MARCH 19, 2004 ON THE MARKET Jensen features a split-level design By SCOTT MCALEXANDER Copley News Service The split-level, 3,274- square-foot Jensen (500-25) is a very large home featuring three bedrooms, four bathrooms, office, a library and a garage with two bays for automobiles and a third bay capable of housing a recreational vehicle. The Jensen's combination of rock, siding and shingles make for a handsome facade. It also features built-in outdoor planters and a covered rear porch. The spacious main living area of die Jensen is spread over 2,436 square feet and is accessed through the entry foyer, which is separated by a wall from the living room. The living room is open to the dining area and both spaces have a scissor vault. The living room features a House Continued from Page 2 new home sales throughout the last decade, culminating in a record high of over 1 million units last year," the NAHB report said. Also featured in the report is a section listing the nation's most affordable housing markets, a section title "How Housing Affects the Economy," and a section dedicated to housing affordability issues. For more information on the report, visit the association's Web site at www.nahb.org/publication. Q: Why is it so difficult to find good financing to buy a manufactured home? A: Buyers of manufactured homes will soon have more and better options for financing their purchased unit. Fannie Mae, the nation's largest buyer of existing home mortgages, announced it will join with nine other lenders to purchase 30-year, 5-percent down-payment manufactured home mortgages. The low-cost financing will be available through a network of lenders "that have corner fireplace flanked by shelves on one side and an entertainment center on the other. The dining room has two doors that open onto the rear covered porch, which has access to a concrete walk and patio beyond. A short hallway leads from the living room past the office to the vaulted master suite. The master suite is, a dream. There are two windows and a door in the back that opens to a large outdoor shower and built-in planter. The front of the master suite is made up of a huge master bathroom and large walk-in closet. The master bathroom has a vanity,. spa tub, a custom corner shower and dual sinks. The walk-in closet is enormous with two built-in dressers and a shoe area. The kitchen is next to the dining area and very open. In the center of this large room is an island with the range and demonstrated high levels of expertise necessary to understand the property, titling, appraisal, and servicing issues associated with manufactured home," Fannie Mae said. Fannie Mae also announce it will work with its lender partners over the next year to develop a pilot program to save consumers at least 10 percent of the cost of buying and financing a manufactured home. Q: What's happening with the controversy between banks and real estate brokers? A: The battle between banks and real estate brokerages is heating up. The National Association of Realtors has asked the Office of the Comptroller of the Currency to adopt a regulation to prevent federally chartered banks from doing business in real estate brokerages and property management. The OCC adopted a regulation in February that preempts state banking laws and exempts national banks from having to comply with state banking laws, including those protecting consumers from predatory lending and other abusive banking practices, an association report said. This spacious 2,435-square-foot home has many amenities like an extra-large garage for a recreational vehicle and an outdoor shower off the master bedroom. oven. A large eating bar is on the exterior counter with a wet bar at one end. A television has been mounted on the wall for the cooks who like to watch food shows while they prepare meals. Behind a pocket door is a large wall pantry and two storage closets. A door leading to the back yard is in this area. The utility room opens off the pantry room. It has a sink, washer, dryer, built-in ironing board and broom closet. The Realtors association asked the Office of the Comptroller and Currency to enact a regulation that would prohibit national banks that are exempt from state control to enter real estate brokerage and property management functions. "Such a rule would provide the real estate industry with the assurance it needs that the Another pocket door separates the utility room from a full bathroom with shower and linen closet. This bathroom is next to the vaulted television room. Stairs to the garage and the second level are accessed from the TV room. Two bedrooms and a library, or den, occupy the second level. Each bedroom has its own bathroom with a shower, sink, linen closet and walk-in closet. The vaulted library has built-in" book- issue of banks' involvement in real estate brokerage activities will not be decided unilaterally by administrative fiat," said David Lerear, the Realtor association's chief economist. "Taken together, these two regulations could create the real estate industry's worst nightmare. "The largest banks in the nation could control large seg- shelves and holds the staircase to the Jensen's lower level. For a study plan of the design mentioned in this article, send $24.95 to Landmark Designs, 33127 Saginaw Road E., Cottage Grove, OR 97424. (Specify name and number for study plan.) A catalog with home plans is available for $12.95, or save by ordering both for $29.95. For faster processing, call (800) 5621151 or visit www.land- markdesigns.com. ments of the real estate industry, both, brokerage and finance, with no stat regulation," Lerear said. Send inquiries to James M. Woodard, Copley News Service, P.O. Box 120190, San Diego, CA 92112-0190. Questions may be used in future columns; personal responses should not be expected MILLION DOLLAR VALLEY VIEWS1 1.5 hillside acres with PG&E and Rogina Heights water available. Beautiful views across entire Ukiah Valley. Asking $175,000. DESIRABLE HOPLAND 3bd, 1 ba home on 1/2+/- acre. Water, sewer and PG&E. Zoned SR 6,000 with room for 2nd dwelling or animals. $250,000 Call David Rosetti 367-0806 GREAT INCOME POTENTIAL 2-1/2 acre parcels, in Hopland, each-iyied SR6000, allowing for 2 dweHjn$BF«!r^<nY^lk*Tible subdivision. All utilities rrjRttAt-v Wi/SrPMftWT!6r the asking price of $130,OOJjgai^H$2503x>0 for both. Call David Rosetti @ 256 ARLINGTON DRIVE Great location, close to elementary and high school. Home features 3 bedroom, 1 bath, plus bonus room. Freshly painted interior & exterior, new carpeting, wiring & drywall, fenced yard with storage shed. $259,000

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