real estate

Alameda County one off just seven counties not pinched

Lower interest rates in the second quarter of 2014 failed to offset continued home price increases, lowering housing affordability statewide and in 19 of 26 counties in California, the California Association of Realtors (C.A.R.) reported last week.

Oregon Historical Society. In 1867 Carleton Watkins took this photograph of a train coming around what the locals called "Cape Horn" on the portage route between The Dalles and Celilo Falls on the Columbia River. The train belonged to the Oregon Steam Navigation Company.

Chic Modernist Gold Coast Home on the Water

List Price: $1,750,000 • Open Sunday 2 to 4:30pm

An amazing example of Modernist architecture, 1200 Hawthorne St., is nestled deep in the Gold Coast, on the water’s edge of a tranquil lagoon. Built in 1974 on a 10,000-plus square foot lot, with over 5,500 square feet of living space on three levels, this custom home features four bedrooms and four full baths, and multiple bonus areas.

Robert R. Thompson moved to Alameda with his family in 1877. A steamboat captain, Thompson found wealth navigating the Columbia River. 

Before plying the Columbia,  Thompson had cashed in on the California gold rush. Now he intended to do the same in Oregon by mining a new breed of gold miners on their way north. 

Native Americans made Europeans aware of gold on the Fraser River in 1857. Word spread beyond this British Columbia outpost, setting off a gold rush and raising demand for travel on the Columbia River. 

Plans could enrich city coffers with millions of dollars

City staff has focused on facilitating near-term construction at Alameda Point, especially in light of the strong regional economy and favorable market conditions. Many of the existing leases at Alameda Point are the result of favorable responses by city staff to inquiries from interested businesses and developers. “These start to make the community’s vision for Alameda Point a reality,” said City Manager John Russo.

Captain Robert R. Thompson once lived in a stately mansion in today’s Lincoln Park. Before coming to Alameda he made his fortune as a principal shareholder of the Oregon Steam Navigation Company. Thompson came overland to Oregon in 1846 on an emigrant wagon train.  

His wife, Harriet, and their three daughters, Eliza, Sarah and Mary made the trip with him. Historian T.C. Eliot tells us in the Oregon Historical Society quarterly that Thompson eked out a living his first two years “doing odd jobs at blacksmithing and tinkering of all sorts.”  

Sun Staff Reports
The deadline to file for an exemption from the Alameda Unified School District’s Measure A parcel tax is next Monday, June 30. Under the terms of the ballot measure, the school district can grant two types of exemptions:

n Senior citizen exemption: The applicant must turn 65 years old on or before June 30, 2015, and own and occupy his/her property as a primary residence.

n Supplemental Security Income (SSI) exemption: The applicant must receive SSI and own and occupy his/her property as a primary residence.

The National Association of Realtors (NAR) reported on Monday that existing-home sales across the country rose strongly in May. Existing-home sales in the west rose 0.9 percent to an annual rate of 1.09 million last month, which is 11.4 percent below sales this time last year. 

The median existing-home price for all housing types in May in the United States was $213,400, up 5.1 percent from this time last year. The median price in this part of the country was $297,500, 8.4 percent higher than May 2013.

Taaffe’s 19th-century estate is today’s Lincoln Park

Gustav Frederik O’Hara Taaffe was born on in Denmark on Dec. 1, 1825. He arrived in San Francisco in 1851 and worked at first as an agent for the Commercial Union Assurance Co. He later served as the consul for Denmark and the vice-consul for Sweden and Norway. (A consul is an official appointed by a government to live in a foreign city and protect and promote the government’s citizens and interests there.) Before coming to Alameda he lived at 2114 Mason St. in San Francisco. 

Freddie Mac’s June 12 Primary Mortgage Market Survey showed that the 30-year fixed mortgage rose 6 basis points to 4.20 percent. This marked the the second consecutive week that rates have risen. In the second week of June 2013, the 30-year fixed averaged 3.98 percent.

The 15-year fixed-rate mortgage also rose, averaging 3.31 percent, up 8 basis points from June 5 when it averaged 3.23 percent. A year ago at this time, the 15-year fixed-rate mortgage averaged 3.10 percent.  

 

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