SOLD! 12965 N Town Ridge, Boise ID 83714 - Dry Creek Modern
Written by Heinrich Wiebe
Monday, 24 March 2008 12:22
$850,000 single level view home modern design. 4 bedrooms, 3.5 bath, 3 car on 1.1acres.
Mid-Century Modern..... for our New Century.
When is your home ART? THINK functional art that you live in. Timeless design; a modern lifestyle, valuable, human, durable, strong, lasting. Wakeup inspired to do more, be more, go for more. LIVE MODERNISM.
Incredible attention to detail and materials; perfect for the way you live. Warm and radiant-literally. Painstakingly planned for family, entertaining, LIFE. Views at every turn. Amazing outdoor living with fireplace and grill. Your guests will linger and long to return.
A home like no other, the Dry Creek Modern offers all the timeless design of a classic Palm Springs Ranch, tailored to its high desert locale. This is a dwelling of real value, the fruition of the belief that form follows function. It’s stunning, to be sure, but the real beauty of this home lies in the way it lives: Spaces defined by the moment, by the user, not by some arbitrary one-plan-fits-all builder. Flexible, adaptable, sustainable; A home for every phase of life. This is modernism at its best: The Dry Creek Modern.
The LA Times wrote a great article calling for MODERN's Everyman. Great illustration for the inspiration.
Jennifer Cabalquinto and Howard Joyce already had put a deposit on a house in a gated golf community when their Realtor steered them to yet another new home, which she said was by architect William Krisel. “We’d never heard of Krisel,” recalls Cabalquinto. “We were on our way home. Our infant son was fussing in his car seat. We didn’t even want to go in.” They did go in - and fell “totally in love with the place,” Cabalquinto says. “It was instantaneous for both of us.”
We are all moved in and very happy with the new home you found for us. You provided a very professional, patient, and accommodating service. Thanks a lot!
The year is coming to a close in less than two months, so here's a snap shot of where we are today. The housing inventory has fallen considerably; we are now down to aproximately 6,600 housing units for Ada and Canyon counties combined. This is all housing --including mobile homes, townhomes and condos BUT, excluding plex's and apartments. The high point in our housing inventory has been apx 8,400 units spring of 2008 and the low point was 3,400 units spring 2006. With this historical perspective, you could guess that we are approaching an equalibribium so long as the housing mix and price point isn't out of wack. There is more to this story. The inventory is actually lower than stated above. Here's why: There are a lot of short sales out there and our MLS accounts for short sales in a way that keeps them actively appearing in the market even though they have a contract on them. You see short sales require a third party approval --the bank with the loan needs to agree to sell the house for less than they are owed. There are apx 1,000 listings in this situation. These are listings that are attempting to sell short and have a contract on them. The bigger point of this is knowing the number of these sorts of listings that accually close each month. ANSWER: apx 100. So there is a 1 in 10 chance that a short sales will close if it has a contract on it. More too the point is the median price of $150,000 for these closed short sales. My gut reaction to this result is thinking banks are more willing to take a loss on lower priced real estate than higherend real estate. The obvious reason correlates to the size and percentage of loss related to the loan outstanding."DO they take a 20% loss on $150K or a 50% loss on $700K?" HUMMM, what would you do?
