Parcel Size: .31 Acres
SqFt 13,329
Property Description:
Great Potential! Price Reduced!!!hurry!!!won’t Last!!awesome View!do Not Miss This Great Buy! Already Developed Residential Area,Convenient Location,Major Commercial & Residential Development Nearby,Close To All-Shopping,Fwy 60,Restaurants,Golf Course….. Custom Build Your Own Dream Home Your Style…..
Keep Our Parks Safe, Clean and Beautiful for Everyone to Enjoy
Whether soccer or softball is your game, taking a leisurely stroll, nature hike, or maybe a fun picnic with family and friends is your preference, the City offers over 500 acres of beautiful park land, open space and amenities for the community to enjoy.
City maintenance crews work diligently to keep our parks looking beautiful and visitors can
help by obeying the rules and keeping our parks clean. Rules and regulations are posted ateach park site, including use of the tennis courts. All parks open one-half hour before sunrise and close one-half hour after sunset, except those with lighted fields, they close at 10:00 p.m.
Please be mindful of other park rules. All garbage, bottles, and cans should be disposed
of in their appropriate trash or recycling containers. Dogs and cats are allowed in the
parks as long as they are tied to a leash. Remember to pick up after your pets; disposal
bags are available for your convenience. Alcohol, narcotics, firearms, fireworks and
other explosives are never allowed. You can also help by reporting routine maintenance issues. If you see a light out, property damage or landscaping issues, contact the Community Services Department at 909.839.7060. If you see graffiti on any public property, call the graffiti hotline at 800.794.7384.
Each year there are several acts of vandalism that cost the city thousands of taxfunded dollars. Such acts include persons recklessly driving onto the parks, which damages turf, landscaping, and irrigation equipment. These irresponsible actions often
result in the temporary closure of the facility which impacts other users.
Report any suspicious behavior in our parks such as vandalism, graffiti, drug activity or unauthorized vehicles on the grass. If you see an act of vandalism in progress, please call the Walnut/Diamond Bar Sheriff’s station at 909.595.2264. You can help make a difference! For park information, please contact the Community Services Department at 909.839.7060 and to reserve a picnic area,
contact the Recreation Services Division at 909-839-7070.
City of Diamond Bar,
The Planning Division is responsible for the functions related to current and advanced planning, building & safety, code enforcement, and economic development.
The Planning Division provides the community with long and short term planning in order to coordinate and monitor growth and development. It is charged with the development and implementation responsibilities of the General Plan. (To view the General Plan Annual Report, click here). It prepares and administers the zoning and subdivision ordinances and reviews development projects for compliance with various development ordinances. The Planning Division insures that all projects receive the required environmental review in compliance with CEQA. Further, it provides technical support to the City Council and the Planning Commission.
The Planning Division is also responsible for the development and administration of economic development. It updates and maintains records for the general public and coordinates projects and programs with other governmental agencies.
Diamond Bar, CA – Family Circle magazine has selected the City of Diamond Bar as one of the Country’s “Top 10 Towns for Families”. The magazine announced the results of a first of its kind investigation to identify the best communities across the country that combine big-city opportunities with suburban charm. Family Circle singled out these small cities, where living costs, commute times and crime rates are low, and the educational system is way above average. “Diamond Bar residents should be very proud to have their hard work and commitment to their community recognized by a national publication such as Family Circle,” said City Manager, James DeStefano, “It is a true community partnership that promotes family values in our city”.
To determine the towns and cities, Family Circle partnered with On Board, a New York City research firm providing real estate and demographic data to assemble a list of 1,850 places with populations between 15,000 and 150,000 and a high concentration of households with an average income of $65,000. From that, 800 localities were selected based on family-friendly criteria, including cost of living, jobs, schools, health care, air quality, green space and crime rate. Family Circle assessed which towns best met those standards and ranked them according to state. The winners were selected from the highest-rated towns in the top 10 states nationwide.
The results appear in the August 2007 issue of Family Circle
Diamond bar house. This is a Short Sale. LP: $539,000
Living Built: 1700
Lot Size: 9580
Bedrooms: 3
Bathrooms: 2
Any offer is subject to interior inspection. Seller’s reserves all the services. Buyer’s to verify information to satisfy.
Housing markets throughout the nation are changing. It�s getting harder to buy right in some areas and tougher to sell quickly in other areas.
Many creative real estate investors will leave the business frustrated that what was once working well is not working as well anymore. People are giving up on their dreams.
You don’t have to become a statistic. Don’t let changing markets prevent you from enjoying the rich rewards available to you as a real estate entrepreneur.
I believe that the present real estate environment creates new opportunity for investors willing to adjust as markets change. Sellers still need to sell. Buyers still need to buy.
Fine tune your strategies and tactics now, so you can continue to generate profits by helping the growing population of buyers and sellers who need your help.
Here are some new challenges you may be facing now:
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Finding deals you can buy right and ensure a good profit
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Collecting enough cash each month to survive and thrive
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Negotiating with sellers who think the market has not turned yet
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Selling or occupying houses quickly in slower moving markets
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Surviving negative cash flow deals long enough to collect a big backend
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Holding property when values are expected to decline
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Constructing offers that excite you, protect you, and still get accepted
In a 1031 exchange (A.K.A. like kind exchange), an asset - typically real estate - is sold and the proceeds are then reinvested in a “like kind” asset. By conducting this exchange, the individual will not recognize any losses or gains as per Section 1031 of the Internal Revenue Code. Capital gains taxes are deferred until property is sold and not exchanged.
* The exchanged property must be identified within 45 days
* All proceeds of the initial sale must be re-invested in the like kind property within 180 days of that sale.
* When exchanging property, you must do so if like kind. Real property has to be exchanged with real property, not personal property.
* 1031 Exchanges can only take place with investment property, commercial property, personal property or trade property (no personal residences)
* Section 1031 does not apply to exchanges of inventory, stocks, bonds, notes, other securities or evidence of indebtedness, or certain other assets.
Qualified Intermediaries exist to help individuals and businesses execute 1031 exchanges of all kinds.
In real estate lingo, a point is one percentage point of the overall loan that is paid up front, typically at the time of closing. For example, if you are borrowing $150,000 on a mortgage loan and will be paying three points, you will pay $4,500 up front. Paying points generally lowers the interest rate on your loan.
When determining whether you want pay for points, think about how long you expect to live in the house. Over a short time frame — less than five years or so — paying points usually doesn’t makes sense, as you will pay more in points than you will save in interest. However, if you plan to stay in the house for 10 or 20 years or longer, points will pay off over time. Although the prospect of paying a few thousand dollars more initially isn’t very attractive, you may be able to save money over the duration of the mortgage.
Another advantage of paying for points on a residential mortgage is that you can deduct the money you pay on that year’s income tax return. In some areas, it’s customary for sellers to pay your points at closing. As the buyer, you can still deduct the points payment from your taxes, as long as they meet IRS guidelines.
This applies only to new mortgage loans, however. If you are buying points to refinance your home, the IRS considers this prepaid interest. That means you will have to deduct them over the life of the loan rather than all at once at closing. Check with your accountant or tax advisor for his or her professional opinion on deducting points.
Don’t confuse the aforementioned kinds of points with origination points (also known as “origination fees”). Origination points won’t lower your interest rate, and are called origination “fees” for a reason: you pay them for work your lender does on your behalf. Not all lenders charge origination fees; if your lender does, you may be able to negotiate them down or out of your load entirely.
When shopping for a mortgage, factor in your loan with points and see when you will break even. If you see that by paying $2,000 for two points you will break even in 7 years, and you plan to stay in the house for at least 15 to 20 years, you will come out ahead.
You can finance points, which allows you to pay them off as part of the loan. But this increases the cost of your points, and it will take longer to break even. If you can, pay for the points in full at closing.
Secured - Current Year
Tax levied on secured property pursuant to the revenue and taxation code.
Unsecured - Current Year
Tax levied on all personal property not secured by real property held in title by the same owner.Due to the transitory nature of unsecured property, a tax is levied immediately after assessed values are determined.
Prior Year Uncollected
Taxes paid in the current year which were due in a prior year.
Interest and Penalties
Interest and penalties charged for the late payment of property taxes.
OTHER TAXES
Sales and Use Tax
Of the 7% sales tax levied by the State of California, the City receives 1% of the amount collected within the city limits.
Transient Occupancy Tax
These revenues are received on a monthly basis from the hotels in the City.The hotels are required to pay a 10% tax based on the amount of their room rental revenues.
Understand first of all that there IS a difference between price and value. Price is the amount you are asking for the property. Value is buyer perceived, and this perception of value is influenced by many factors such as location, features, condition, comparison to other purchase option, etc. By attending to details that can have a positive impact on the value, sellers can significantly increase their chance of attracting qualified buyers willing to pay the asking price.
Some tips to achieve a positive impact on value are:
* Perceived size impacts value, even more so than actual square footage. Open floor plans make a room feel bigger than larger spaces with smaller rooms. Showing property that is furniture free, or at reduced clutter, helps to make the space feel bigger.
* Vacancy increases sale-ability. Property is easier to show and easier to sell, and quicker to take possession of when it is vacant at the time it is offered for sale. Evidence of problems to take possession of the property — such as encroachments, or tenants who wont allow buyer tours — negatively impact value. Vacancy also helps the buyer walk through the property imagining ownership. Sellers should remove personal trinkets and family pictures as well as being conveniently absent during a buyer tour.
* Cosmetics are important.
o Fresh paint will always add more value than it costs.
o Clean or new carpet/flooring adds more value than it costs.
o Landscaping adds more value than it costs. At the very minimum, make the entrance area neat.
o If you can, add some colorful flowers and new sod.
* Take care of the obvious! The spot on the ceiling from the roof leak takes thousands of dollars from the perceived value and the offer price.
* Condition affects value. Do a seller’s home inspection to identify and fix the problem BEFORE closing. No point holding up your check a few extra days; plus a failed buyer’s inspection could cost you the sale. Buyers will often bargain down your asking price to accomodate for property condition and repairs.
* If you can, remodel/update the kitchen and master bathroom. These two areas have a big impact on home buying decisions.
* Strategic renovations impact value and your bottom line. Don’t spend more money to renovate the place than you can recapture in value on the sales price.