Hancock Park is just south of Hollywood in the City of Los Angeles and it is a historic and beautiful neighborhood designed in the 1920s by famous architects such as Paul Williams, Wallace Neff, A.C. Chisholm and John Austin for wealthy people and was constructed by dedicated craftsmen. These mostly architectural homes are often located on substantial acreage and include such luxurious and nostalgic features as ballrooms, large kitchens with butler's pantries, elevators and extensive servants' quarters. The carefully sculptured gardens are as spectatular as the homes and features greenhouses, ponds, fountains and swimming pools.
The present mortgage rates (US weekly averages) as of July 20, 2011 per Realty Times is:
30 Year Fixed: 4.51% 15 Year Fixed: 3.65% 1 Year Adj: 2.95%
These days banks are looking for Buyers with great credit scores (FICA score of at least 720) to get a good deal, and with a 20% downpayment if their income warrants it. It is advisable to keep credit card balances below 35% of their credit line for getting a top FICA score.
Current Listings in Hancock Park-Wilshire District: Homes: 105 ranging from $1,149,000 to $8,265,000 Condos: 66 ranging from $290,000 to $1,400,000.
June 2011 Sales in Hancock Park-Wilshire District: Homes: 17 ranging from $400,000 to $4,875 ,000 Condos: 11 ranging from $132,500 to $510,000
Homes were on the market for an average of 98 days (average Sales Price/Average List Price: 97.5%). Condos were on the market for an average of 76 days (average Sales Price/Average List Price: 96.6%)
All statistical information is based on data supplied by the Combined Los Angeles Westside Multiple Listing Service. Data accuracy cannot be guaranteed and may not reflect all real estate activity in the market. Source of Information: Combined Los Angeles Westside MLS. Information deemed reliable but not guaranteed.
ZIP Codes: 90004, 90006, 90010, 90020, 90036 Approximate Location Boundaries: The boundaries of "Hancock Park" are Rossmore Avenue to the East, Melrose Avenue to the North, Highland Avenue to the West, and Wilshire Boulevard to the South. Its East and West borders are often confused with Larchmont Village and Windsor Square to the East, and the Fairfax District to the West which are their own distinct neighborhoods.
Location Characteristics: Particularly it is a convenient location if you work in, or near, downtown Los Angeles. Close by is the Los Angeles County Museum of Art and Larchmont Village which puts restaurants and cafes, shops and banks, a bookstore, veterinary clinic and the Center for Yoga all within reach. Hancock Park is in the Los Angeles Unified School District and it is also home to the famous Marlborough School for Girls, and the Yavneh Academy, a Jewish school. These 1920s architectural homes are mostly in the styles of English, Spanish, Mediterranean, and French Colonial.
Members of the Hancock Park Homeowners Association include the R-1 single family residences (1206 homes) between Melrose & Wilshire Blvd., both sides of Highland & both sides of Rossmore. Larchmont Chronicle is the local newspaper.
About Birthe Dooman:
I was born and raised in Denmark and located to California in 1966. For 20 years I worked as a legal assistant with two major Los Angeles oil companies during which time I developed a wide range of professional skills which I have applied to my career in real estate.
I'm an independent Broker-Realtor® well prepared to meet the demands of today's complex real estate market. I have obtained the Certificate in Real Estate with Specialization in Marketing as well as the Professional Designation in Investment Real Estate from UCLA. I am certified by the National Association of Realtors as an e-PRO Professional. Additionally, I have traveled abroad extensively and relate well to many different cultures.
My Monthy Newsletter and Daily News on my website www.dooman.com may also be of interest to you. Additionally, my website contains a "Home Search" link to searching for properties on the Multiple Listing Service (MLS). Please click on "Request More Info" if I can be of any assistance to you in setting up appointments to see properties, getting more information on specific properties, etc. I can also be reached via E-mail at bibidooman@gmail.com or via phone (323) 228-6735 and I look forward to serving all your future real estate needs.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
