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Last updateTue, 17 Jan 2017 4pm

Transactions

Los Altos

947 Aura Court, S. & N. Tagare to A. Seth for $2,997,500

1481 Brookmill Road, R. & P. Bennion to S. Chen for $2,888,000


Realtors back flood-insurance bill

Property owners who opt to purchase flood insurance in the private market rather than through the National Flood Insurance Program may do so under current rules – but they risk paying higher rates if they return to the program.

Members of Congress seeking to alleviate that concern late last month unanimously passed the Flood Insurance Market Parity and Modernization Act. Realtors called the bill’s passage through the U.S. House of Representatives a step forward for reform of the broader flood-insurance system.

Ride-hailing smartphone app caters to kids


Alicia Castro/Town Crier
Los Altos Hills resident Nikki Willemsen, left, rides with one of her regular Zum drivers, Khaterah Atefy, a mother of three who drives for the service up to six hours daily.

Living in the land of on-demand, Los Altos Hills resident Frank Willemsen often found himself with an immediate problem: finding a trustworthy person to help cart his kids from point A to point B.

As he discovered, there’s an app for that.

Transactions

Los Altos

73 Third Street No. 11, Hau Trust to Mendez Trust for $1,407,500

10625 Eloise Circle, M. & J. Jones to Crackchau Limited for $2,800,000

Prevention outweighs cure in investment portfolio health

One of Benjamin Franklin’s well-known aphorisms – “An ounce of prevention is worth a pound of cure” – applies to the world of investing.


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