Tue09162014

Business & Real Estate

Transactions

Los Altos

510 Alicia Way, J. & M. Moon to A. & M. Narasimha for $2,450,000

881 Parma Way, X. Huo to A. Chung for $3,650,000

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SILVAR gives scholarships to high school seniors

The Silicon Valley Realtors Charitable Foundation recently presented scholarships to 18 graduating seniors during awards night at the students’ respective schools.

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Transactions

Los Altos

124 Bridgton Court, J. & K. Buckley to Lauterbach Trust for $5,750,000

1240 Carmel Terrace, Schwarz Trust to N. & D. Hod for $1,865,000

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Local development sold out in four months


Ellie Van Houtte/ Town Crier
Lennar Homes’ 38-unit Sherwood townhouse development sold out in approximately four months. The homes, ranging from $1.1 million to $1.4 million, are located off Sherwood Avenue, between El Camino Real and San Antonio Road in Los Altos.

Buyers looking for a townhouse in Los Altos can probably scratch Lennar Corp. Homes’ Sherwood development off their lists.

According to Lennar sales associate Sierra Legner, the 38-unit townhouse development – located off Sherwood Avenue between San Antonio Road and El Camino Real – closed its final sale last week after approximately four months on the market. She credited a familiar theme for the quick sales of the townhomes: location and schools.

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Local realtors pitch in to assist seniors


courtesy of RSVP
RSVP volunteers Carlos Padilla, left, and Jimmy Nappo help a 94-year-old Los Altos homeowner with gardening.

Silicon Valley Association of Realtors (SILVAR) members recently helped local seniors with household tasks as part of the association’s Realtor Service Volunteer Program (RSVP).

Every year in May, realtor and affiliate members of SILVAR visit the homes of seniors who are physically and/or financially challenged to help with simple household tasks.

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Transactions

Los Altos

1245 Altamead Drive, J. & T. Benjamin to P. Motafram for $2,150,000

485 Arboleda Drive, Syscom Tech to M. & K. Berman for $4,000,000

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A realtor's guide to buying a vacation home


courtesy of Alex Proimos
Vacation homes made up 13 percent of all home sales nationally in 2013, according to a National Association of Realtors survey.

Across the country, spring is finally making an appearance. For many Americans, this means one thing – vacation time.

More and more people are taking their vacations in a second home, according to the National Association of Realtors’ 2014 Investment and Vacation Home Buyers Survey. The survey found vacation home sales accounted for 13 percent of all sales in 2013, up nearly 30 percent from the previous year. That represents their highest market share since 2006.

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