Open House Today!
We’re holding an open house at our new listing at 2940 Floral Avenue in Riverside. Join us from 1-4pm TODAY, Sunday, June 14th to see this beautiful home.
This home is located in a secluded neighborhood surrounded by nature & Box Springs Mountains views and yet you’re close to UCR, shopping, freeways, downtown and more. As you enter the home you’ll notice the warm hardwood flooring in the living and dining rooms. The open feel of the floor plan allows for great entertainment options.
This view of the entry from the dining room shows the open floor plan.
In the tiled-floor kitchen/great room area you can appreciate the views of the landscaped back yard & mountains beyond. The south wing of the home is part of the original floor plan featuring a bedroom large enough for two full size beds, a hallway bathroom, and the master suite (expanded and updated in the 90’s). The master bedroom has sliding door to the back deck, perfect for nightcaps under the stars before bed. The master bath has been updated with a lovely tile shower.
This is the view from the master bedroom sliding doors.
The North wing, beyond the spacious family room, has two more bedrooms (one being used as office) & the second bath. These rooms are part of the 1991addition and upgrade. They feature hardwood floors & vaulted ceilings.
The kitchen eating area opens out to the lovely back yard.
Vaulted Ceilings & recessed lighting
Energy efficient features of the home include dual pane windows, a whole house fan, & newer A/C units. The yard has abundant fruit trees, flowering plants attracting birds & butterflies, & views of the mountains.
The spacious back yard deck
The back yard rose garden. There are also multiple citrus & fruit trees.
The large cactus garden has numerous, mature specimen plants. A rose garden & wildflower garden add color. Close to UCR & the trails of the mountains for hiking. Easy access to freeways and shopping.
Top by today to see this home, or check out our listing online for more information at http://mrmlsmatrix.com/matrix/shared/J4bnKx8SYsFd/2940FLORALAvenue
Open House Saturday
Join us Saturday, June 6th for our Open House from Noon till 2:00 pm at 1260 San Cristobal Drive where you’ll experience tasteful updates and incredible views.
The many updates include state-of-the-art stainless steel appliances, refinished kitchen cabinetry with new hardware, recessed lighting, granite counters, tile flooring, upgraded window coverings, renovated bathrooms, and newer HVAC systems.
Updated kitchen
This Hicks Bedreaun built family home features a unique, open floor plan where one of the first things you will notice are the stunning views from nearly every room facing the back side of the lot. The entry is at ground level & leads to a downstairs bed/bath suite as well as the open family room with sliding doors going to the back yard.
The Family Room Looks Up to Kitchen Area
The next level includes the living room, dining room, and kitchen, with access to the yard from both the kitchen and the living room. Also in the living room is the fireplace and wonderful vaulted ceilings where you can view the upper floors.
The Living Room & Fireplace
Upstairs are four more bedrooms, including the large master suite. The upstairs “hallway” is more like a balcony looking down over the living & dining rooms. In the master bedrooms there is also a sliding door that goes to the front balcony. Add to all of this a three car garage with plenty of storage & indoor laundry and you’ve got your dream home.
Beautiful Back Yard Deck & Patio
On a Clear Day, You Can See Forever
We look forward to seeing you on Saturday. If you can’t make it on Saturday, give us a call for a private showing. For more pictures and details click here.
If You’re Thinking of Selling, Now’s the Time
If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing.
Your Dream Home Awaits
We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market. Jonathan Smoke, the chief economist of realtor.com, in a recent article revealed:
“Our preliminary review of April activity on realtor.com shows that traffic, searches, and listing views are up more than 35% over last year. With 3 million jobs created and close to 1.5 million new households formed in the past 12 months, many more people want a new home of their own, and they want it bad. Their patience will be tested with tight supply—indeed, the No. 1 impediment of active shoppers in April was not being able to find a home that meets their needs.”
In this type of market, a seller may hold a major negotiating advantage when it comes to price and other aspects of the real estate transaction including the inspection, appraisal and financing contingencies.
Bottom Line
As a potential seller, you are in the driver’s seat right now. It might be time to hit the gas.
Mortgage Rates: The Deal of the Century?
As you’re looking at homes on line and dreaming about your new home, don’t forget about the most important component in the home buying equation. Your mortgage. One of the first steps to the home buying process is to figure out how much you can afford. What will you qualify for? What factors will affect your bottom line? How do rates and economic conditions affect your bottom line and final payment? All of these factors play an important role in your home buying dreams. However, making this dream come true is still more affordable than ever. We are still experiencing historically low interest rates.
Recently, Freddie Mac published a blog post titled Mortgage Rates: Still the Deal of the Century. They explained that, if you are planning to purchase a home, now may be the time:
“If you are in the market to buy a home, today’s average mortgage rates are something to celebrate compared to almost any year since 1971.”
And they let their readers know that there is no guarantee that rates will remain this low:
“Over the past few years, we’ve enjoyed a long run of historically low mortgage rates. While no one expects them to change dramatically overnight, they are expected to head up. Most experts agree that mortgage rates will drift up in the coming months to end the year approaching 4.50%… Buying a home is a big investment – perhaps the biggest one you’ll make in your life. So, it’s important to be sure you are ready to make that purchase. If you are ready, today’s rates are not to be missed.”
The article went on to calculate what the principal and interest payment would be based on a $200,000 fully amortizing mortgage at different times in history. 
Here is a look at rates over the decades:
Here is a look at rates over the last four years and what Freddie Mac projects for next year:
Bottom Line
If you are thinking of buying your first home or looking to move up to your dream home, now may be the time to do it. We’re seeing more homes coming on the market as we head into the summer season. If you’ve been considering a move, whether it is your first home, a move up to a larger place, or slowing down and downsizing, give the Ransom-McKenzie Team a call to help you find your dream home.
Broadbent Drive, Riverside
Welcome to 151 W. Broadbent Drive in Riverside, California. This beautiful mid-Century Ranch home is located in the University Heights neighborhood adjacent to the University of California Riverside. The homeowners have created a wonderful oasis with water wise landscaping and wonderful interior updates to this 4 bedroom, 2 bath home.
Water-Wise Landscaping Greets you as you enter this Mid-Century beauty.
If you’re looking for a home that has a mid-century feel with some updated features, look no further. This home has beautiful cherry wood manufactured hardwood flooring, updated kitchen counters, and a fresh clean feel throughout.
Stop by our open house on Saturday, April 4th from 1-4pm to see this home in person.
Notice the beautiful floors and large slider window.
The living room has an open feel to it from every angle.
The Dining Room also is bright and open.
The entire space works together very well.
The Kitchen features updated counters and beautiful cabinetry.
The Backyard is a quiet oasis retreat.
Here is a link to the listing if you would like more information on this home: http://mrmlsmatrix.com/matrix/shared/STZZhrvxDpFd/151BroadbentDriveW
Open House 6257 Danbrook
Come visit our open house today, Sunday, March 21st at our Canyon Crest listing 6257 Danbrook Drive. We look forward to seeing you at this lovely 4 bedroom 3 bath pool home in heart of Canyon Crest. The home is welcoming and bright and the views are fabulous too! The open house will take place from 12:00pm to 3:00pm. We’ll see you there!
Open Living room with vaulted ceilings
Back Yard & Pool View
Open family room to the kitchen
Floor to Ceiling Windows with great views.
You an view the full listing online here. Happy home shopping!!!
Riverside Real Estate Supply & Demand
If you took an economics class in school you probably learned about the basic supply and demand rule. We all learned that when selling anything, you will get the most money if the demand for that item is high and the inventory of that item is low. It is the well-known Theory of Supply & Demand. If you are thinking of selling your home, here are two graphs that strongly suggest that the time is now.
DEMAND
According to research at the National Association of Realtors (NAR), buyer activity last month (January) was three times greater than it was last January. These are purchasers who are ready, willing and able to buy. The research shows that they are in the market in great numbers.
SUPPLY
The most recent Existing Home Sales Report from NAR revealed that the months’ supply of housing inventory had fallen to 4.4 months which is the lowest it has been in over a year. In Riverside we have been faced with a short supply of quality homes to sell for quite some time. This means that if you list now, before the “spring rush” you’ll have fewer homes to compete with.
BOTTOM LINE
If you have been thinking about selling your home and you are not sure if this is the time, rest assured, it is a great time to get your home sold. The Ransom-McKenzie Team can help you understand the market for your neighborhood in Riverside so give us a call today. We love Riverside!
Buy a House For Your Valentine!
Happy Valentine’s Day! As we head into the busy season for real estate, the Ransom-McKenzie Team has a number of fabulous homes that we are representing for sale. Maybe one of these will be the perfect gift for your Valentine. Let us know what you think:
4688 Ladera Lane, Riverside, CA 92501: 4bd/4ba, 2,00 Square Feet.
This beautiful home is located in the Historic Little Mount Rubidoux area.
16215 Whispering Spur St., Riverside, CA 92504: 4bd/2ba, 2,340 Square Feet.
This lovely home is located on 2 acres in Woodcrest. A fabulous horse property.
6257 Danbrook Drive, Riverside, CA 92506: 4bd/3ba, 2,544 Square Feet.
This wonderful family home with a pool & city views is located in Canyon Crest.
11522 Tulane Avenue, Riverside, CA 92507: 3bd/2ba, 1,806 Square Feet
This mid-century style home in University City offers spectacular views and amenities.
117 E. Campus View Drive, Riverside, CA 92507: 4bd/2ba, 1,410 Square Feet
This adorable home is behind UCR, near the Box Springs Mountains.
The Ransom-McKenzie Team wishes you a very Happy Valentine’s Day! If your Valentine is hoping for a new home this year, now is the time to start looking.
We Love Riverside!
Open House 6093 Pachappa Drive
We’re holding an open house at our new listing at 6093 Pachappa Drive this weekend. Please stop by and visit the Ransom-McKenzie Team on Sunday, April 28th from 1-4pm.
We will be showing off all the fabulous features of this adorable 1959 Magnolia
Center home. The home has three bedrooms & two baths and is 1710 square feet. Many of the interior features have been updated including hardwood floors, dual pane windows, and new tile in the bathrooms.
Other features include a newer (2004) Air Conditioning/Heating system and 
beautiful water wise landscaping in the front and back yards with an automatic drip system. There are multiple fruit trees, as well as a newly constructed grape arbor. The location makes this the perfect home for anyone who likes to be close to action in Riverside. You’re near the 91 freeway, The Riverside Plaza, RCC, Downtown… you name it.
We look forward to seeing you tomorrow at our open house! Share this post with your friends who might be looking for a home in Riverside as well. Connie & Charlotte know Riverside, which is why we’re Riverside Realtor Regents, and your choice for finding or selling your home in the City of Arts & Innovation.
Celebration at Coldwell Banker Armstrong
Today we celebrate 50 Years in Riverside! Coldwell Banker Armstrong Properties has been serving Riverside residents’ real estate needs for 50 years! Even more impressive is the fact that we have been in the same building for all 50 years. Today we celebrate with an open house at our Googie Style building from 4 – 8pm.
Coldwell Banker Armstrong’s Googie Building
Stop by for a visit if you’re in the neighborhood!
If you would like more information on what “Googie Style” architecture is, “like” the Ransom-McKenzie Team on Facebook and we’ll give you the history of the Brockton Arcade’s predominant architectural style! If you’ve already liked the team, share our page with your friends and leave us a message. We’ll give you the scoop too!
Happy Birthday Coldwell Banker Armstrong Properties!!!!
The Ransom-McKenzie Team 