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Penthouses at Capitol Park: Living the "sky life"
Friday, August 22, 2008
Sacramento has a serious shortage of high-rise living options, so every new addition is a welcome one—especially when it means views of Capitol Park.
Situated atop the Marriott Residence Inn Sacramento Downtown at Capitol Park, the Penthouses at Capitol Park offer Sacramento's only highrise living overlooking Capitol Park and the Capitol grounds (contrasted with the condos at 500 N which offer a more affordable alternative a few blocks away). The 30 penthouse units occupy the top three floors of this 15-story business-class hotel.
These unique luxury condos offer spectacular park and city views and are steps to the state Capitol Building and all of downtown. Convenient to dining and entertainment (across the street from The Park Ultra Lounge, Mason's and Ma Jong's, blocks to Mikuni's, PF Chang's, Bistro 33 and more), the Convention Center, Memorial Auditorium, and of course the Capitol and Downtown Sacramento's business district, these condominiums include high-end finishes and the hotel amenities. Whether you're a lobbyist or legislator, business leader or entrepreneur, local celebrity or part-time Sacramentan, the Penthouses at Capitol Park offer a premium address, top-notch amenities, and defining Sacramento views that can't be found anywhere else!
Features include ceilings up to 10', elegant wood cabinetry and raised panel doors, granite slab counters in kitchen and baths, tile flooring in the entry and kitchen/baths, solar window shades, designer lighting, GE Profile appliances. Also available on-site at the hotel are free wifi in the lobby, heated swimming pool and spa, 24-hour fitness center, dining and lounge, ATM, and outdoor terrace area. Hotel services provided for a fee include valet parking, concierge, laundry and dry cleaning, and room service.
To see penthouse units currently for sale, visit the Penthouses at Capitol Park
Labels: Central, Central City Lofts and Condos, condos, Downtown, Midtown, Old Sac, Sacramento
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posted by Rob McQuade @ 9:16 AM,
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Check out the new video from the 500 N Condos
Monday, July 21, 2008
New to Downtown Sacramento? Considering buying a condo or other urban property? The developer and sales team at the 500 N condos want you to consider highrise living downtown at 500 N—Sacramento's only real highrise option (for now). In fact, they've put together the video below.
And if you're interested in buying, you can check out some of the condos for sale at 500 N or check out more Downtown condos and Midtown lofts for sale.
Labels: 95811, 95814, 95816, Central, condos, developments, Downtown, highrise, lofts, Midtown, Old Sac, Sacramento, Sacramento Urban Properties
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posted by Rob McQuade @ 6:55 PM,
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"Buy and Bail" is Mortgage Fraud
Wednesday, June 18, 2008
A Sacramento homeowner was recently quoted in the Wall Street Journal talking about her plans to purchase a "second home" and then let her current home—purchased in November 2006 for much more than similar homes are currently selling for—fall into foreclosure.
"I can find the same exact house as what I live in right now for half the price."But this practice, referred to in the mortgage market as "buy and bail", is considered by many in the real estate industry to be mortgage fraud. Fannie Mae, established in 1938 as a government agency but now a privately-held lending institution that provides financing to most of the nation's largest home mortgage lenders, is tightening regulations to prevent these abuses of the system. Individual lending institutions are reviewing their own lending practices and underwriting requirements and are watching for borrowers that are at risk of engaging in buy-and-bail.
Legitimate borrowers planning to take advantage of the current sluggishness in the real estate market to buy a second home or move-up property can expect tighter loan standards and will likely need to produce additional evidence.
Thinking about renting out your current home and moving up to something better? Here's what your lender will probably request from you:
- Supporting evidence to back up the claim that the current home will be rented out, including a signed lease agreement;
- Proof of income to support principal, interest, taxes, and insurance on both the current residence and the new property being purchased;
Labels: Anatolia, Antelope, Arden, Auburn, Carmichael, Citrus Heights, condos, Del Paso Heights, El Dorado Hills, Elk Grove, Fair Oaks, Galt, Gold River, Granite Bay, Lincoln, Meadowview, Modesto, Natomas Park, North Highlands, North Natomas, North Sac, Oak Park, Old Sac, Orangevale, Rancho Cordova, Regency Park, Rio Linda, Rocklin, Rosemont, Roseville, Sacramento, South Natomas, South Sac, Southport, Stockton, Tahoe Park, UCD Med Center, West Sac, Woodland
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posted by Rob McQuade @ 3:04 PM,
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The 500 N Workout
Saturday, May 24, 2008
The fine folks at 500 N treated my real estate forum to a fantastic lunch catered by Il Fornaio last week on the 14th floor of the Downtown Sacramento condos at 500 N Street. Fantastic food, great views (from our vista we could watch work being done on Tsakopoulos' 500 Capitol Mall project, plus views of the Capitol, Tower Bridge, CalEPA building, Federal Courthouse, Renaissance Towere aka the "Darth Vader Building", 12th & K's "Ban Roll-on" building, and what will be a beautifully lighted US BankTower at 621 Capitol Mall), and... The elevators went out.
When we arrived, one elevator was being replaced but the other was working just fine. No problem getting up to the 14th Floor whatsoever. But 15 minutes later we got word that the other elevator was, well, being fickle—which is a nice way of saying we wouldn't be taking the elevator back down. We could've waited six weeks for replacement of the other elevator, and both rappelling and parachute-assisted basejumping were out since none of us had thought to bring gear.
Nothing left to do but take the stairs down 14 floors. The good news is that it was a beautiful day (the weather hadn't gotten windy and gray yet and the 100-plus heat had passed) and the stairs were on the outside of the west side of the building.
And thus the 500 N Workout was born.
Man, Annie at 500 N is gonna kill me if she reads this. (Sorry, Annie!)
Labels: 500 N, Central City Lofts and Condos, condos, developments, Downtown, lofts, Old Sac, real estate
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posted by Rob McQuade @ 10:45 AM,
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NEW! The most accurate Midtown home & condos searches!
Tuesday, April 1, 2008
Midtown Sacramento is a neighborhood like no other. True, surrounding neighborhoods like Land Park and East Sac have their own benefits--but for Midtown dwellers no other neighborhood is quite the same. Because Midtown isn't just one ZIP Code (it shares part of 95811 with the Railyards and River District, 95814 with Downtown, 95816 with East Sac, and 95818 with Land Park and Curtis Park), it can be tricky getting just Midtown homes to show up when you're searching the MLS.
Good news! I've just updated the website so that you get only the most accurate Midtown loft, condo, and home results—you can't find more accurate one-click search results anywhere else than right here. To get the most accurate Midtown real estate search results, simply click on the "homes" or "lofts & condos" link on every page of ForSaleinMidtown.com :-) -Rob
Labels: Central, condos, Downtown, lofts, Midtown, Old Sac, Sacramento
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posted by Rob McQuade @ 4:29 PM,
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Congratulations to Chuck and Dawn!
Tuesday, July 3, 2007
Congratulations to Chuck and Dawn and their three-year-old son—they've gotten the keys to their new home at Serenade by Warmington Homes in Regency Park.
We wish you the best in your new home!
Thinking about making a move? Give Rob McQuade ABR a call at (916) 444-7577 or toll free (866) 720-2489. Or you can browse online...
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Labels: 95835, condos, McMartin Realty, new construction, North Natomas, Regency Park
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posted by Rob McQuade @ 6:27 PM,
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A Tale of Two Towers on Capitol Mall
Tuesday, April 10, 2007
Even before work stopped on the Towers site in January and John Saca confirmed in February that the developer had defaulted on a $22 million loan, a lot of people had their doubts about Sacramento being able to sustain a project of this magnitude. As new obstacles popped up and CalPERS proved to be less than willing to negotiate a buyout, the storm cloud darkened.Late in March a letter from Saca to the future homeowners at the Towers confirmed what had been hinted at: a new equity partner was being sought (most likely to replace CalPERS). The letter also included an addendum that restated the contract dates to be effective May 1. The team handling the sales is now chasing those addenda down.
Saca will probably release a statement in the next couple days to stave off the media's requests for updates and all the swirling rumors that pop up in the space between official announcements. In that expected statement: John Saca and his partners have secured a new equity partner to replace CalPERS, the Deutsche Bank funding remains in place, and the project will move forward. Keep your ears to the ground...
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Labels: 3rd and Capitol, Central, condos, development, Downtown, John Saca, Towers on Capitol Mall
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posted by Rob McQuade @ 12:19 PM,
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