It’s property tax time again for CA …the first installment is due November 1st and delinquent after Dec. 10th. Second installment is due February 1st and late after April 10th. To make it really confusing, California’s fiscal year starts July 1st, so your first installment is for taxes that are primarily paid in arrears (July – December) and the second installment is for taxes paid in advance (January through June). When you close escrow, each party pays for the period of time that they own the house. So a seller might have already paid taxes and they are therefore credited and the buyer is charged. Just ask your professional Realtor (hopefully me!) or escrow if you have any questions.
wWow — with so many expensive homes in Manhattan Beach and Hermosa Beach, you wouldn’t think that one property could totally blow you away like the new listing at 2909 The Strand does! This home, currently listed by Vintage Real Estate for $25 Million smackeroos, is totally fantastic at three to 25 times the price of just about anything else in town. With a double lot frontage on the spectacular Strand, this home, built before zoning laws changed, could not be duplicated today for any amount of money, as it is currently taller than zoning allows and also has a roof deck besides. With almost 10,000 square feet of luxury including a private gym, 7 bedrooms and 7 baths, etc, this home made even the jaded Realtors out on Brokers’ Opens yesterday drool. Now if I could just find the right buyer so I’d be invited back again and again! :->