San Fernando Valley Real Estate Blog

Director Reza Badiyi just sold his Hollywood Hills home for $1.8 million. The beautiful Southern Colonial style home built in 1941 has three bedrooms and 2,900 sq ft. The home also features a master suite, four fireplaces, a pool and hot tub with views of the Hollywood sign. The word is that Ronald Reagan and Jane Wyman (actress), who were married at that time, lived in the house just after being built.

Former Los Angeles Lakers celebrity Earvin “Magic” Johnson has purchased a vacation home in Orange County for $7.6 million. There are ocean views from almost every window of their beautiful Dana Point home. Magic and his wife Cookie live in a fabulous newly built three-story Mediterranean home with 5 bedrooms 7 baths with 7700 sq ft in a gated community in the Beverly Hills area with a private beach, home theater, elevator and a pool. Magic played with the Lakers from 1979 to 1992 and then became their coach in 1994. Magic also became part owner of the Los Angeles basketball team, was a sportscaster for NBC and a studio analyst for TNT.

Janet Charlton, 58, who used to work for Star Magazine as a gossip columnist has listed her home for almost $3 million in Hancock Park. The five bedroom five bath Mid-Century Modern home has 4,300 sq ft and has a pool and guesthouse. The wonderful home has been used in the movie “Running with Scissors” starring Annette Bening and Alec Baldwin as well as appearing on an album cover of musician Gwen Stefani.

Corey & Lisa Pavin just bought a home in Brentwood for $3 million. The 3,000 sq ft home was built in 1961 and was beautifully renovated. Corey, 47, was born in Oxnard and is a professional golfer that has had 15 PGA Tour triumphs including the 1995 US Open. He achieved a 26 which was a nine-hole record for the PGA Tour at the US Bank Championship. They also own homes in San Diego and Dallas.

Information obtained from the Los Angeles Times Hot Properties.

Coldwell Banker has listed Kaley Cuoco’s home in Sherman Oaks for almost $1.3 million. The gated Spanish style home was built in 1937, has 3 bedrooms 2.75 baths and is 2100 sq ft. Kaley, 21, is best noted for her roles in WB’s “Charmed” series, CBS’ “The Big Bang Theory”, ABC’s “8 Simple Rules” series and Lifetime’s “To Be Fat Like Me.”

Jane Sibbett and Karl Fink have listed their ranch in the Mesa area of Topanga Canyon for $7 million. Their beautiful four bedroom home has 6400 sq ft, is on a 17 acre lot and comes with stables included. Karl is a writer/producer and his wife Jane has starred in the series “Friends” as Ross’ ex-wife.

Well known actor, Richard Dreyfuss has also been dabbling in real estate developing in Rancho Mirage with Empire West Development. Richard has created a tract of 11 estate properties that will each have 7,000 sq ft and will each be complete with mountain views, pool houses and casitas. The asking prices of each of these amazing estates will range from $4 million to $5 million. Richard will star in the “Tin Man”, a future release of the Sci Fi Channel.

Coldwell Banker has listed the former 2,800 sq ft Morongo Valley ranch of Guy Madison. The wonderful ranch is situated on 5 acres and is listed for $847,000. Guy passed away in 1996 at 74 and was best noted for his television role as Wild Bill Hickok in the 50’s.

Information obtained from the Los Angeles Times Hot Properties.

Falling in Love Again - Your Final Walk-Through

Finally… You have found your new home. You’ve had it inspected; you’ve negotiated the best possible deal; you’ve been through ups and downs; stresses and excitement. Now it’s time to seal the deal and fall in love again.

Your final walk-through, usually done anywhere between 5 days to the day of closing, is an important step in the whole ‘buying a home’ process. It serves several purposes.

1. To ensure that all repairs have been done, if any, that was negotiated in the contract and that they were done to quality standards.
2. Make sure that there are no new damages from the sellers moving out.
3. Make sure that all appliances and electrical
4. Speak with the seller to see if there are any special quirks the home has and ask any questions that you may have.
5. Make sure that the previous owners haven’t left anything behind. You could easily return these items at the time of closing.
   Most importantly:
6. To familiarize and fall in love with your new home all over again.

Unfortunately, sometimes problems arise during this final walk-through. It’s the nature of the beast. Some of these tribulations could include:

1. The sellers or tenants haven’t moved out yet, or worse, haven’t started packing.
2. Repairs haven’t been done to quality standards.
3. There are new damages from the move out.
4. Any treatments that were to be performed, haven’t been.

Despite the problems that could arise, just remember that your final walk-through is supposed to be exciting. Try and be proactive prior to this joyous day and communicate with your REALTOR. They should be corresponding with the sellers agent who should be making sure that everything will go as smooth as cream pie.

November 20, 2007 is Coldwell Banker’s “Day of Giving-Thanksgiving Food Drive”. Between November 1^st through November 19^th my office is collecting non-perishable food items for the San Fernando Valley Rescue Mission which is the ONLY emergency homeless shelter for families in the Valley.

The types of food that are needed most are the following:

Pastas, Canned Fruits, Canned Meats, Canned Vegetables, Cereals, Rice, Beans, Pasta Sauce, Barbecue Sauce etc.

If you wish to donate food items please contact me via telephone or email (david4re@sbcglobal.net) to add you to the food pick up list. Please leave the food items in a bag outside your front door for pickup between 9-10am Novermber 19 and November 20. You may also bring them to my office at Coldwell Banker, 15490 Ventura Blvd #100, Sherman Oaks, CA 91403 by November 19. On November 20 we will be personally delivering the food to the Rescue Mission.

If you wish to donate money, used clothing, furniture, other house hold items you can contact the San Fernando Valley Rescue Mission directly (818)785-4476, 13422 Saticoy St, North Hollywood, CA 91605 www.erescuemission.org.