Mon09222014

Business & Real Estate

Transactions

Los Altos

38 Third Street #103, Bergman Trust to Bellas Survivors Trust for $1,602,000

1092 Laureles Drive, Schick Trust to K. Xu for $3,135,000

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Reasons behind the uptick in property taxes

It’s that time of year when the county assessor sends notice of your estimated home value as of Jan. 1.

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Transactions

Los Altos

1694 Clay Drive, R. Dawson to Manea Trust for $1,712,000

650 Covington Road, D. & S. Alves to L. Sun for $3,100,000

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Transactions

Los Altos

72 Bay Tree Lane, Lynch Trust to Siedenburg Trust for $2,413,000

449 Casita Court, American Financial to J. & Y. Wang for $4,450,000

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Transactions

Los Altos

1550 Canterbury Way, Morgan Trust to J. & R. Levin for $1,898,000

4746 El Camino Real, Lennar Homes to C. Chow for $1,311,000

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Campi continues to thrive at 25


Diego Abeloos/Town Crier
Gary and Karen Campi started Campi Properties, Inc. after a partnership split in 1989. The couple has lived in Los Altos since the mid-1970s.

A real estate company that established its roots in Los Altos before the emergence of the iPhone – or the boom and bust times of the Bay Area dot-com scene, for that matter – has turned 25.

Campi Properties Inc. founders Gary and Karen Campi recently celebrated their company’s two-and-a-half-decade stay in Los Altos. It started with a partnership split (formerly Eckert & Campi) and was up and running within one week with more than a dozen agents operating in a small office rented from a local title company.

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Realtor association issues wire-fraud alert

The Silicon Valley Association of Realtors is alerting buyers and sellers to a recent scheme that involves the wiring of funds directly to escrow.

Potential buyers have received emails allegedly from a title company or attorney providing wire information to transmit earnest money for an upcoming transaction. Hackers have intercepted the messages and altered the account information in emails to redirect the buyer’s funds to the hackers’ account.

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