Perfection! Exceptional layout & condition. Cleverly blended modern and traditional styles to create a unique, comfy environment.

Exquisite renovation of this 2 bedroom home includes a major kitchen and bath makeover. Granite and stainless steel kitchen perfect for entertaining leads to the dining room that easily seats 6-8.

I know it’s been a while since you’ve heard from me – and I’m sure that brings a tear to your eye, but I have a fabulous “Home of The Week” for you. There are a lot of cute homes in “JP” no doubt. Every once in a while you come across an owner who has that special talent for design. That’s Anna. She’s sharp as a whip and a bit of a Super Mom.

Open dining and kitchen

I’m not really sure how she managed a career, pregnancy and this stint as General Contractor, but she did – and it’s smashing.

From the street, this fashionable home on Plainfield St. is an unassuming Colonial, not unlike other single families in Jamaica Plain. Although it has a large yard and beautiful landscaping (you wouldn’t know it right now as it’s hidden under a layer of snow) you might not give it a lot of thought if you were walking by. However, behind the front door is an attention to detail and design seldom seen.

Anna had some help from her hubby Edward, but I think even he would give her the lion share of credit for this enormous undertaking. I sat with them recently at the robust dining table and talked about the work they had done. I got woozy. Much of the work that Anna did took place behind the walls. This isn’t just a little icing on a cake. She engineered this home top to bottom. Feel free to grab us at the open house Dec 13th (11:30a-1:30p) and we’ll tell  you all about that, but for now I’ll show you the fun stuff.

You enter a pretty common foyer with a set of stairs up and a doorway to the kitchen – which is uncommon. It’s kind of hard to describe Anna’s style but I guess you could call it Danish Modern.

Custom cabs, honed granite & fab apps

There’s just the right mix of mod light fixtures and Italian tile with warm wooden furniture and European decor. The powder blue cabinets are the first thing you notice. They look sturdy and significant – not the normal stock. It turns out that Anna had them custom finished because she couldn’t find something she liked that was mass produced. This is the kind of kitchen where you can make a serious meal and entertain a large group of people. The massive center island houses a Dacor range and a stainless steel vent hood hangs down from the ceiling. The honed granite counters contrast perfectly with the modern cabinets and the sleek tile backsplash. The wall oven and microwave are also Dacor and there’s a ginormous Amana fridge that could hold provisions for an army. It’s all well lit with recessed lighting and plenty of great natural light.

One of my favorite features of this home is the half flight up, half flight down design of the living and family rooms. It gives you easy and immediate access to both but provides enough separation that guests wont hear pots and pans banging while they’re conversing or watching the game, but getting food and drinks back and forth is a snap. Also, as those with kids would appreciate, mom or dad can easily keep an eye on the kids without having them underfoot during food prep or adult convos.  In the photo above, the door on the left goes up to the more formal living room, while the door on the right goes down a half flight to a family room.

Master bath

This was originally designed as a master suite. It is expansive and has french doors out to a very private patio on one side and sleek, narrow windows on the other that afford a little more privacy while allowing natural light to flood the room. The bathroom that ajoins this space is rich. Upon opening the door you are enveloped in cool green mosaic-like tiles and and a timeless marble floor. It’s not that thin, slippery, cheap stuff. It has a real permanence to it. The bathrooms in this home, in general, are amazing and will all look great in 20 years. The design is classic and solid. It’s the kind of materials you might see in a Gropius house or the like.

This space also has good storage and a laundry closet. It’s currently used as a family room where little Archie and Harrison can play without being out of earshot and mommy’s watchful eye. It’s even big enough to make into an au pair suite or an in-law when you need help with the kids. (That’s one lucky nanny.)

A half flight up from the kitchen is the formal living room. It has a cavernous volume to it. Cathedral ceilings slope down to a modern fireplace surrounded by a sophisticated, neutral tile.

Living room

Master bed or family room?

The combined open kitchen/dining, living room and family room are enough space to have a very large group of people without anyone feeling like they’re bumping into each other.

Off the foyer and the kitchen you’ll find another stunning full bathroom, mud room, closet (formerly used as a study!) and a door leading out to the deck and another large patio.

Anna put more work and money into her bathrooms than most people put into their whole house. Both of the lower level baths have showers with a simple glass panel and a tile ridge to keep the water in. The faucetry throughout the home is all the very best money can buy – each fixture, each faucet making a subtle, sophisticated statement.

The upstairs bath is a Zen paradise. The focal point of the room is a beautiful soaking tub with sleek, modern lines that contrasts remarkably with the slate floor. All the baths have undergone a full transition with recessed lights and touches that indicate this was no “once over” renovation.

Upstairs bath with sleek soaking tub

There is a landing at the top of the stairs with three bedrooms off of it and the bath I just described.  The largest of the upstairs rooms is currently used as the master. Anna & Edward outfitted this room with a fantastic closet, of course. The second bedroom is quite large as well and the third upstairs room is a perfect room for a child or a nursery.

There is multi-zoned heating and air conditioning throughout the home and all sorts of electrical and plumbing upgrades.

If you’re not familiar with the Parkside Neighborhood of Jamaica Plain, the name kind of says it all. To the North is a beautiful park bordering Williams Street and Dungarven Road. There are vegetable plots there and the neighborhood folks sometimes use it for pot lucks and such. Just a block away at the corner of Rossmore Road and Stedman Street you’ll find a brand new tot lot completely outfitted with state-of-the-art play structures and a bouncy soft ground material. Two blocks to the east is Franklin Park which is home to America’s oldest zoo and golf course and some fantastic trails. I often ride my bike there. Recently a friend showed my some great foraging opportunities just minutes from the entrance and my daughter loves to go geocaching and letterboxing there as well. I hope you can make it by our open house on Sunday. Of course call if you have any questions. 617-828-7956 or www.TheBostonHomeTeam.com for a virtual tour.

$8,000 homebuyers tax credit extended

President Obama reups popular tax credit through June 2010 and expands it to include people with higher incomes and some who want to trade up into new homes.

NEW YORK (CNNMoney.com) — President Obama signed an extension and expansion of the first-time homebuyers tax credit on Friday.

The $8,000 credit was scheduled to lapse on Dec. 1 but will now be in effect through the end of June. Homebuyers must sign a contract before April 30 and close by June 30. The income limits were also raised: Single buyers can now earn up to $125,000 and still get the full credit while a married couple can earn $225,000.

Free money?

The bill also made more homeowners eligible to claim the credit on their taxes. First-time buyers — those who have not owned a home in the past three years — still qualify for an $8,000 rebate. But now people who want to trade up can also qualify. Those who have owned and occupied a residence for at least five years out of the past eight can claim a $6,500 tax credit if they close on a purchase by the end of June.

“The new version of the tax credit has the potential to stimulate the housing market even more than the old version due to the fact that more people will qualify under the new rules,” said Gibran Nicholas, chairman of the CMPS Institute, an organization that certifies mortgage bankers and brokers.

Nicholas provided four scenarios illustrating how the tax credit rules for existing homebuyers will apply:

• Harry owned a home in 2001 and 2002 but sold it to relocate for a job. He would qualify for the $8,000 first-time-buyer credit because he has not owned a home in the past three years.

• Sue purchased a home in 2004 and has lived there since. If she decides to buy a new home, she would qualify for the $6,500 tax credit because she has lived in the same residence for five consecutive years in the past eight.

• Jane purchased her home in 2002, lived there for five consecutive years before she rented it out in 2007. She would qualify because she was an owner/occupier for at least five consecutive years in the past eight.

• Mark purchased a home in 2006 and lived there for the past three years. He would not qualify because he is neither a first-time homebuyer nor someone who lived in the same primary residence for five consecutive years out of the past eight.

Legislators and industry experts expect that the credit will encourage buyers such as Jane and Sue to move up their purchase plans.

“This bill will shift demand from the second half of 2010 into the first half,” said Pat Newport, a real estate analyst with IHS Global Research. “As a result, home sales and prices will get a boost in the first half of 2010, with payback in the second.”

That’s not a bad thing, according to Bill Kilmer, vice president of advocacy for the National Association of Home Builders. It’s important to stabilize real estate markets quickly to help bring the economy out of its tailspin.

The original $8,000 tax credit appears to have helped accomplish that goal: Home prices have inched up the past few months, according to the S&P/Case-Shiller Home Price Index.

But critics still see the program as being ineffectual because it rewards buyers who would have purchased a home anyway. Newport estimates that fewer than 400,000 of the 2 million who have claimed the original credit made their purchases solely because of the tax advantages.

Furthermore, buyers do not, in reality, receive the entire benefit. “The credit helped prices stabilize,” said Newport. “So the credit has been split between seller and buyer. The sellers are getting higher prices and buyers paying more than they would have without it.”

The housing industry, however, is pleased with the extension, although the credit has not been quite as effective as they hoped.

The industry thought the credit would provide a ripple effect, with sales to first timers triggering as many three additional “move-up” sales.

That did not happen, according to Lawrence Yun, NAR’s chief economist.

“It did not have the chain reaction impact it was supposed to,” he said. “Instead, many first-timers turned to vacant, foreclosed or other distressed properties the sellers of which were unlikely to be move-up buyers.”

So, the tax credit helped prop up the low end of the market without having much impact on the rest of the spectrum. Expanding the benefit to existing homeowners should boost those segments. That should produce additional benefits, according to Yun.

“Preventing further price decline or even nudging prices up a bit stabilizes housing wealth, which makes homeowners more comfortable in their spending,” said Yun. “They’re more likely to go out to the stores or buy a new car. That provides a boost to the overall economy.” 

I am currently sitting on the couch at 65 Brookside in the Brewery District of Jamaica Plain. I’m giving Home of the Week to this condo for the 2nd time because it’s that cool. I think it’s a perfect dwelling in many ways:

1. It’s incredibly efficient. The highest energy bill of the year is less than $100, and most are a fraction of that. It is heated by compact Rinnai heaters on each floor.

2. The location is perfect. Situated right in the middle of Jamaica Plain’s Brewery District – walking distance to Mikes Fitness, Bella Luna, Ula Cafe and both Green Street and Stoney Brook stations. It’s also a few blocks from Franklin Park and Centre Street with all it’s shops and restaurants.

3. This is a one-of-kind property. There is nothing like it. Designed from the humble beginnings of a shoe factory – now one of three market rate units in an artist live/work community. From the historic architecture and smokestack to the old boardwalk that runs the length of the building allowing the community to chat and engage each other.

4. Really good space. The plan is incredibly flexible – use it how you see fit, but currently the entire first floor is set up as a wicked studio space.

Check it out at www.65brookside.com. I’m happy to show it to you anytime. Just call me at 617-828-7956.

Brookside Artist Community live/work space

Open House November 1st, 1-2p

This town-home is part of a lively, vibrant community of professional artists. Your new neighbors include painters and sculptors, dancers and choreographers, a harpist, and a well-known concert pianist.

The building began it’s life in 1850 as a factory, turning out rubber heels for shoes. As industry left the area, the artists began moving in. Groups like the Boston Photo Collaborative worked here for years and this unit was home to the Boston indie band Morphine.

Converted turn of the century factory

Several years ago, the artists living here learned the owner of the building was planning on selling it for conversion to luxury condos. Fearful of losing their beloved homes the artists banded together to buy it for themselves.

It took a ton of organizing, several government grants, and the collaboration of the Mayor’s Office and the Boston Redevelopment Authority (BRA) but the artists were able to raise millions of dollars to purchase and renovate the building.

All 24 units were completely gut renovated and rebuilt to the highest safety and construction standards. The units were officially designated “live/work” so the artists could practice their crafts here. Many were purpose-built to meet individual needs – the tall unit on the end, for example, houses a rope-climbing artist!

1st floor flexible use studio space

This unit is especially well-suited for running a creative business, since the first floor is separated from the more private living quarters.

The developer was the highly respected firm of Peter Roth.They designed a building that was respectful of the history of the place, but had all the modern amenities like energy efficient windows and state of the art Rinnai point of use heaters.

This unit received special care as it was considered the best of the building. The brick walls were parged down several feet and carefully rebuilt to hold the weight of the new top addition. The walls were made with steel studs. The first floor was dug out and concrete re-poured to a depth of two feet.

Master bedroom with large closet

The contractors prided themselves on the solid construction – as one declared, “This will last another 150 years!”

The complex is a mixture of market rate units and a special kind of affordable housing restricted only to artists. The market rate units, like this one, have no financial re-sale restrictions. The affordable units may only be sold to artists who qualify through the BRA’s rigorous artist certification program and have adequate financial resources. Most hold down professional jobs, like teaching, in addition to their art work.

Flexible living, kitchen and dining area

Since the artists worked so hard to obtain their units, they are passionately committed to maintaining the property. The building is self-managed, so condo fees are very low. Occasionally the neighbors volunteer to rake leaves, trim bushes, clean gutters, etc. Each “work day” ends with a roving cocktail party and cookout on the board walk!

A lot of my clients ask me, “What are closing costs?”

Don't break the bank.

Real property in most jurisdictions is conveyed from the seller to the buyer through a real estate contract. The point in time at which the contract is actually executed and the title to the property is conveyed to the buyer is known as the “closing“. It is common for a variety of costs associated with the transaction (above and beyond the price of the property itself) to be incurred by either the buyer or the seller. These costs are typically paid at the closing, and are known as closing costs.

Occasionally, lenders will allow buyers a “seller concession for closing costs” between 3-6% depending on the product, the down payment and a number of other parameters. Essentially this allows the buyer to finance these costs into their loan.

Examples of typical closing costs might include:

• Title service cost(s), paid by either party according to the contract but by default seller may pay the majority, for title search, title insurance, and possibly other title services. In some cases the attorney may do the title search or the title service and attorney fees may be combined. Required by institutional/commercial lenders and often by the real estate contract.
• Recording fees, paid by either party, charged by a governmental entity for entering an official record of the change of ownership of the property. Required by the government for recording the deed.
• Document or Transaction Stamps or Taxes, paid by either or both parties depending on location (area of jurisdiction), charged by a governmental entity as an excise tax upon the transaction. Required by law.
• Survey fee for a survey of the lot or land and all structures on it, paid by either party, to confirm lot size and dimensions and check for encroachments. Required by institutional/commercial lenders.
• Brokerage Commission, paid by the seller to a Real Estate Broker, to compensate the Broker(s) involved in the sale for their services in marketing the property, finding a buyer, and assisting in the negotiations. Brokerage commissions are usually computed as a percentage of the sale price, and are established in a listing contract between the seller and the listing broker. The listing broker may offer Buyer Agents a portion of their commission as an incentive to find buyers for the property. Payment is required if real estate brokerage service was used. This is often one of the largest closing costs.
• Mortgage Application Fees, paid by the buyer to the lender, to cover the costs of processing their loan application. In some cases, the buyer would pay the lender the application directly and prior to closing, while in other cases the fee is part of the buyer’s closing costs payable at closing.
• Points, paid by the buyer to the lender. Points are a form of pre-paid interest, charged by the lender as an alternative to charging a higher rate of interest on the mortgage loan. One point equals one percent of the loan principal.
• Appraisal Fees, usually paid by the buyer^{[citation needed]} (although occasionally by the seller through negotiation), charged by a licensed professional Appraiser. Many lenders will require that an appraisal be performed as a condition of the mortgage loan. The purpose of this appraisal is to verify that the sale price of the property (upon which the underwriting of the loan is based) is equal to or less than the fair market value of the property.
• Inspection Fees, usually paid by the buyer^{[citation needed]} (although occasionally by the seller), charged by licensed home, pest, or other inspectors. Some lenders require inspections (such as termite inspection) to verify that the property is in good condition, which is necessary to assure that the property will retain the necessary collateral value to secure the mortgage loan.
• Home Warranties, paid by either the buyer or the seller. Warranties are available on resale homes insuring major household systems against repair or replacement for the buyer’s initial year of ownership. Sellers will sometimes offer these warranties as a marketing strategy, or buyers can elect to purchase them at closing.
• Pre-paid Property Insurance, paid by the buyer but may be reimbursed by the seller. Lenders will typically require that a mortgaged property be insured at all times throughout the life of the mortgage, and will usually require that the first full year’s property insurance premium be paid in advance by the buyer. If the buyer has not already paid the insurance company directly, this would become another closing cost payable at closing.
• Pro-rata property taxes, paid by the seller, the buyer, or both. Most (but not all) jurisdictions assess taxes on real property, which are usually payable at a specified date annually. Since all but a tiny fraction of real estate transactions close on a date other than this one specified annual date, most transactions must include an adjustment to assure that both the seller and the buyer end up paying their share of the annual property tax, proportionate to the percentage of the year that each has ownership of the property. Usually required by institutional/commercial lenders and by the real estate contract.
• Pro-rata Homeowner Association Dues, paid by the seller, buyer, or both. If the property is covered by a Homeowner Association (HOA), the HOA will normally be funded by dues assessed against each property owner. Again, since the ownership of the seller and buyer are each fractional in the year of the transaction, there must be an adjustment made so that each owner pays their proportional share. Often required by institutional/commercial lenders and by the real estate contract.
• Pro-rata Interest, paid by the buyer but may be reimbursed by the seller. The monthly mortgage payment is calculated and payable on a specified day each month. If the closing does not actually fall on that specified date (which is usually the case), then an adjustment must be made to calculate the interest on the loan for the number of extra days until the first payment is due.
• Attorney Fees, paid by the buyer for the bank’s closing attorney.
• Lender Fees, paid by the buyer. This is a one time fee that is charged by a lender. Your guess is as good as mine as to what this is for.
• Credit Report Fee, paid by the buyer to “pull” their credit report.
• Courier Fee, paid by buyer to get deed from the closing table to the registry of deeds.
• Tax Service Fee, paid by the buyer to handle setting up the escrow account and subsequent handling of the buyer’s tax payment for them. The lender does this to ensure no tax liens get placed on the property.
• Municiple Lean Certificate,

Other items in addition to the above may be common in some jurisdictions, and some transactions may include unusual or unique items as closing costs. In the United States, Federal law requires that all residential transactions financed by a mortgage have all closing costs documented in detail upon the standard HUD-1 form. This information must be provided to the principals but does not have to be sent to the government. Instead a Declaration or Statement by Buyer and/or Seller is often required to be provided to the government office recording the deed. Form 1099-S may be required to be sent to the United States Internal Revenue Service, but Federal law does not allow a charge for this.

A good consumer should also ask for a “Good Faith Estimate” from a bank or mortgage broker that explicitly outlines what is being charged to the buyer. If the deal seems too good to be true – it just might be. Always get it in writing.

Happy Mother’s Day to all you Moms out there! I hope you have a great day and may all your children be as amazing as me. Seriously, we have three great open houses today – and there’s something for everyone.

14 Ardale, Roslindale, MA

242 S. Huntington, Jamaica Plain

83-85 West Walnut Park, Roxbury, MA

I received a very interesting email yesterday regarding an affordable unit at Willowbank II on Jamaica Pond. This development began with some very interesting architecture accessed from Burroughs Street.

Willowbank Phase 1

Phase 1 consisted of 2-4 bed units all selling well over a million dollars. The developer, Chris DeSisto of Maplehurst Builders does outstanding work – unrivaled in this area.

The next phase has an affordable component consisting of a two bedroom and several much larger units. The Maplehurst website aptly states, “Nestled in the midst of Frederick Law Olmsted’s Emerald Necklace, Willowbank’s second phase will witness the restoration of a gracious, vintage brick mansion and the addition of a complimentary new construction two-unit building. Blending the charms of period detail with thoroughly modern, premium kitchens and bathrooms, the mansion will offer the choice of a commodious single-level 1st floor unit or a grandly-proportioned two-level, 4-bedroom home with delightful sunset pond views. For homeowners seeking a private oasis near the heart of the city, the newly-crafted duplex homes are a perfect choice. Each home will contain 3-bedrooms (one a 1st floor guest suite with full bath) and 3.5 baths and offer a secluded brick patio among the property’s mature trees. Enjoy the quality construction and elegance of Willowbank II, while savoring evenings at the nearby theaters, symphony, museums, and bistros.”

Willowbank Phase II

The kicker is that there is a preference for Boston residents, households with at least one person per bedroom, and first-time homebuyers. The income guidelines are as follows:

(1) two-bedroom unit available for immediate occupancy

Maximum Income Per Household Size

Income Requirements may be subject to change based on new HUD Income Limits being issued prior to income certification.

Applications must be picked up in person only at 76 Pond St., Jamaica Plain (rear of brick bldg formerly known as 80 Pond St., opposite the boathouse at Jamaica Pond):

· Thurs-Friday, February 19-20, 10am – 5pm

· Saturday, February 21, 10am – 4 pm

· Mon & Tues, February 23-24, 10am – 5pm

· Including Late night Mon, Feb 23 until 7 pm

Deadline for completed applications:

In Person by 4 pm Fri, March 6, 2009, or by mail and postmarked by Wed, March 4, 2009

to Chris DeSisto, Pondside Development Co, 891 Centre St., Jamaica Plain, MA 02130

Selection by lottery.

Asset, Use & Resale Restrictions apply.

Call William Brokhof 617-828-7956 if you have further questions and I’ll try and get them answered for you!

This week I had the pleasure of working with a fantastic couple named Jenny & Richard. They were previously working mainly with my wife Christine but as she is away in Hong Kong, I was championing their cause. Jenny spotted this “For Sale By Owner” or FSBO on Craigslist and gave me a call. We were in to have a look at it on Saturday with many other prospective buyers. This transaction reminded me of how important the relationship with a buyer’s agent can be. This was a true team effort. The client, Jenny, actually spotted the property first, but because of my resources I was quickly able to research and value the property so we were ready to go as soon as we had seen the property. We crafted a solid, well-written offer and wham-o! For more info on how Buyer’s Agency works check out the FAQ on our website.

One of the sellers came from a family chocked full of Realtors so I’m surprised they tried to go it on their own, but in this case it appears to have worked out. There were three offers that we beat out to get under contract. I think in this case the house really speaks for itself. I get the opportunity to see a great deal of real estate as you can imagine. Most property that I walk into doesn’t do all that much for me. You get a little numb to it all I guess. I always want to redesign or start knocking walls down or the like.

Not here. This condo is very charming and the location doesn’t get any better. It’s literally 1 block from Centre Street.

Being a bit of a history buff, the architecture seems to have remained very much intact. It appears that the home looks very much like it did when it was built. Even the old slate roof is still in pretty good condition.

There is a spacious foyer with original staircase and knule posts that climbs to the second floor where you are greeted by a pleasant glass door to the living space. Despite being right in the middle of it – it feels fairly private and comfy. The current owners took the previous renovation a step further and renovated the bathrooms. Big improvement. This is not a huge unit, but at 1400 square feet or so it feels “just right” as Goldilocks put it.

I think the plan and the design is outstanding and I would have a very hard time picking my favorite room, but I’m partial to the kitchen/sun porch looking out over Warren Square. Congratulations to Jenny & Richard for finding such a spectacular new home! May you live many happy years here.

Kitchen and window to sunporch