Valley Center Rare Home Available
A Valley Center Masterpiece!
More than a property, 29059 Tangelo Way is an experience.
The gated estate sits on nearly three acres of awe-inspiring land. Oversized King Palms frame breathtaking mountain and valley views, while vibrant flowers pepper the lush landscaping with bursts of color.
This masterpiece offers the perfect balance of natural beauty and modern luxuries. Enjoy the convenience of built in intercom, surround sound, security and purification systems while lounging in a plush great room complete with wet bar, custom media center and dual French doors.
Designed for an active and social family, the compound features an expansive recreational courtyard that rivals most 5-star hotels. Grand stone stairs spill into a magnificent split-level, entertainer’s patio. The pebble-bottom pool shines deep blue and a waterfall spills from the attached spa into the water. Nearby are two fully equipped barbeque islands, a gas fire pit, personal putting green, regulation size All-Sports Court, outdoor living room, gigantic playground and five perfectly manicured lawns. And we haven’t even gotten to the guest house yet…
Highlights
Exterior – Landscaping
Oversized King Palms frame breathtaking mountain and valley views while vibrant flowers pepper the lush landscaping with bursts of color
Five perfectly manicured lawns self-maintain with an automated sprinkler system
Delicate outdoor lighting accentuates the hand laid stone walls, expansive patio and surrounding landscaping
Entertainment
The split level, recreational courtyard offers multiple floors of entertainment and relaxation, all on a bed of elegant stone slab
Grand stone stairs spill into magnificent entertainer’s patio, complete with two barbeque islands and a stunning gas fire pit
The barbeque islands have built in refrigeration, stainless steel grills and sinks, a warming drawer and a kegerator
The pebble-bottom pool shines deep blue and a waterfall spills from the attached spa into the water
An 18″ deep section of the pool is section off by a short wall so that smaller children can play in safety
The automated PoolSafe cover keeps the pool warm, clean and kid-safe
An All-Sports Arena provides a full-size basketball and tennis court for athletes of any age. The lighting systems will allow you to play day or night.
Practice your short game on the personal putting green while the kids play in the oversized sandbox and playground
Interior – General
Graceful arched doorways and vaulted ceilings add to the grandeur of the compound while the custom architecture shows an attention to detail
Striking wood shutters lend functionality and beauty to windows throughout the house
Plush carpeting and gentle paint offer new owners the perfect palette to personalize their home
A comprehensive surround sound system lets you play music in any room in the house, guest house and in the courtyard
Rooms
Dual French doors and dramatic windows fill the great room with light and showcase the stunning backyard
The great room features a built in media center, fully equipped wet bar and regulation size pool table (included!)
A designer study sits near the front entry, providing a quiet work haven with full view of the living room
Entertainers and chef’s alike will relish in the designer kitchen. There is plenty of counter space, a granite center island, stainless steel appliances, gallery ovens, a double refrigerator, full back splash and built in wine rack.
The master retreat is a getaway in itself. Enjoy a custom walk-in closet, large private bath and French doors that open to a personal patio
Attached to the master suite is a polished master bath with custom lighting fixtures, deluxe shower with dual shower heads, elevated whirlpool spa, his & hers sinks, vanity center and designer tile
There are two bedrooms in the children’s wing; both have custom closets, window treatments, vaulted ceilings, plush carpeting and easy access to their personal bathroom and media center
The multifunctional guest house boasts 900 interior square feet with a full bathroom, kitchenette, office and an additional 900 square foot indoor/outdoor living room
The spacious indoor/outdoor living room was designed for poolside lounging with ceiling paddle fans and hanging TVs
Extra storage is available in multiple crawl spaces and a large shed
Lifestyle
Enjoy the privacy of an automated-entry, gated estate lined with mature landscaping and full property fence
Safety features include: a state of the art security system, built in safe, alarm-coded gate, full property fence and front door with viewing-window
Built with care, this home makes living easy with a fully functional intercom, central vacuum system, numerous storage options and a top chef’s kitchen
More than just beautiful, the estate is also environmentally friendly. New energy efficient windows, a heat conserving pool cover, numerous ceiling fans, dual heat and air conditioning systems and an air & water purification system conserve energy and protect the environment.
This might be the right property for you, if…
You enjoy entertaining and want a property that lends itself to fabulous parties for children or adults.
You are active and need a house that can keep up with you! You enjoy sports, swimming, lounging and playing with your kids and pets.
You are tired of cookie-cutter developments and want a property that is truly unique and undeniably exquisite.
You would be proud to say that your backyard is as beautiful and functional as a 5-star hotel.
You believe in natural beauty and appreciate a home that works with its environment to create a personal oasis.
You love a good sunset, deep breaths of mountain air, the smell of fresh flowers and the taste of fruit picked from your personal orchard.
Your family is of the utmost importance and you require a home that is kid-friendly and offers the latest security features.
You could use a second onsite home as a guest house, pool house, personal gym, home office or private retreat.
You want a house that works for you, not the other way around. Features like self-regulated sprinklers, time control outdoor lighting, push-button pool covers, built in surround sound, and intercom systems appeal to you.
Valley Center Information
http://www.vcchamber.com/
· Complete demographics and city data
http://www.city-data.com/city/Valley-Center-California.html
Points of Interest
Pikake Botanical Gardens
Bates Nut Farm Local farm hosting country events, it is regionally famous for its pumpkin patch around Halloween time.
Fat Ivors BBQ restaurant located at 27961 Valley Center Rd.. It was recently burned down accidentally, but has since been rebuilt.
Lake Wohlford Local lake that allows public fishing; allows small boats.
Hellhole Canyon Open Space Preserve
Valley Center History Museum Home of the Famous Grizzly Bear, 29200 Cole Grade Rd, (760)749-2993
AMGEN Tour of California is Coming to San Diego County
February 21st, 2009 Categories: Brookside Escondido, Del Sur, Entertainment, Escondido, Rancho Bernardo, Valley Center
We’re excited about the AMGEN Tour of California coming to Escondido. The City of Escondido is projecting there will be over 25,000+ people in attendance. For those of you who do not know what the AMGEN Tour of California is, please read the article below.
About the Tour
The largest cycling event in America, the 2009 Amgen Tour of California is a Tour de France-style cycling road race presented by AEG that challenges the world’s top professional cycling teams to compete along a demanding, recently expanded, 800-mile course from Sacramento to Escondido from February 14-22, 2009.
The final leg of the race will run from Rancho Bernardo to Escondido on Sunday, February 22, 2009. The race finish line will be located in Downtown Escondido at the intersection of Grand Avenue and Broadway.
AMGEN Lifestyle Festival
The Lifestyle Festival will be located near the finish line in Municipal Parking Lot #1 (on Valley Parkway between Broadway and Escondido Boulevard) on Sunday, February 22, from Noon-6:00 p.m., in Downtown Escondido.
There is no better place to experience the spectacle of race day than at the Lifestyle Festival. The festival will feature a health & fitness expo, cancer awareness education, cycling gear, family activities, bike safety, food, entertainment and more! There will be plenty to see and do for everyone in your family!
Route Map
2009 Tour of California – Rancho Bernardo to Escondido – Stage 8
Find more Bike Rides in San Diego, California
Street Closures for the City of Escondido
| Street Closures Saturday, February 21-Monday, February 23, 2009 |
|---|
| Grand Avenue from Maple to Kalmia; Maple & Kalmia between Valley Parkway & 2nd Avenue will be closed from 6 a.m. Saturday, February 21, to 5 a.m. Monday, February 23. |
| Broadway between 2nd Avenue & Valley Parkway will be closed from 8 p.m. Saturday, February 21, to 12 a.m. Monday, February 23. |
| Grand Avenue between Escondido Boulevard & Juniper; Grand Avenue cross streets between Valley Parkway to 2nd Avenue will be closed from 8 a.m. Sunday, February 22, to 5 a.m. Monday, February 23. |
| Rolling Street Closures Sunday, February 22, 2009 | |
|---|---|
| Bear Valley Parkway between San Pasqual Valley Road & East Valley Parkway |
Noon-1:15 p.m. |
| East Valley Parkway between Bear Valley Parkway & Lake Wohlford Road |
12:15 p.m.-1:15 p.m. |
| North Lake Wohlford Road between Valley Center Road & El Norte Parkway |
2:30 p.m.-4:30 p.m. |
| El Norte Parkway between Washington Avenue & Escondido Boulevard |
3:00 p.m.-4:45 p.m. |
| Escondido Boulevard from El Norte to Grand Avenue | 2:30 p.m.-4:30 p.m. |
Street Closures: (760) 839-4691
Amgen Tour: www.amgentourofcalifornia.com
Detailed Event Info: www.sandiegonorth.com/amgen
Best Viewing: www.sandiegonorth.com/amgen/best_viewing.html
Shuttle Service: www.sandiegonorth.com/amgen/parking.html
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Great News! Fannie Mae To Allow Up To 10 Financed Properties Again!
February 12th, 2009 Categories: Brookside Escondido, Carlsbad, Foreclosures & Short Sales, Market Trends, Mortgage News, Poway, Rancho Bernardo, San Marcos, Santa Fe Valley, Valley Center
One of the biggest hurdles many solvent investors have had these days is Fannie Mae’s (FNMA) limitation on the number of one- to four-unit financed properties. This limit dropped to four properties over the last year or so, which has hamstrung many investors looking to add to their real estate portfolio.
However, according to FNMA Announcement 09-02, borrowers may now have up to ten financed properties without having to pay the higher rates of private or hard-money resources. In the current lower price and low rate environment, this increased limit is an extremely beneficial change.
For those looking to purchase more properties, this new limit also comes with some new guidelines:
- Minimum credit score is 720
- The borrower(s) cannot have had a bankruptcy or foreclosure in the past seven years
- There can be no mortgage delinquencies (30-days or greater) within the past 12 months on any mortgage loan
- Maximum loan to value is 75% for purchase of a 1 unit second home or investment property
- Maximum loan to value is 70% for purchase of a 2-4 unit investment property
- Full income documentation is required including most recent two-year’s IRS 1040′s
- Refinances are allowed on a no cash-out basis and with a loan to value limit of 70%.
FNMA’s announcement also outlined new reserve requirements:
“When the borrower will own one to four financed properties (including the subject property) the reserve requirements are:
- two months of reserves on the subject property if it is a second home
- six months reserves on the subject property if it is an investment property, and
- two months reserves on each other financed second home or investment property.
When the borrower will own five to ten financed properties (including the subject property) the reserve requirements are:
- two months reserves on the subject property if it is a second home
- six months reserves on the subject property if it is an investment property, and
- six months reserves on each other financed second home or investment property.“
Keep in mind, that a month’s reserve encompasses the total housing expense including principal and interest, property taxes, property insurance, HOA’s, Mello Roos, etc., not just the loan payment.
Now, six months reserves for up to ten properties might seem a little steep, but this is an important step in the continuing effort to rebuild a solid home-ownership base. You want to buy a bunch of property? Then you better be able to show that you can afford to do so. Sounds fair to me.
If you would like to discuss this topic further, please email me at Kevin@MyCWMtg.com
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Three Reasons To Visit Our Latest Listings
August 7th, 2008 Categories: Escondido, Rancho Bernardo, Real Estate News, Valley Center
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