Distinctive Properties - March 2015

March 2015

St. Helena Grand Dame Details on page 3

March 2015 – A1

Sophisticated Browns Valley

Discover the magical oasis of fine living and memory making. This beautiful home offers the new owner an endless array of opportunities to create a Wine Country Lifestyle all their own. Open floor plan that allows you to socialize while busy in the kitchen. Granite counters and island with counter seating at the island. Built in double ovens and gas cooktop range allows you to create culinary magic. Formal or informal dining. Large wine cellar. The backyard is made for entertaining with pizza oven and patio nestled in an enchanting garden with your very own vines. You’ll have plenty of room for family and friends and yet allowing you to retreat to your master suite.

Offered at $1,219,000

Carolyn Roberts

BROKER/OWNER 707-258-5248 croberts99@aol.com www.carolynroberts.com N A P A • S T . H E L E N A

cbnapavalley.com

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COVER PROPERTY In-Town prime location. Stroll to chic shopping and dining in St. Helena’s picturesque downtown. This statuesque corner property features two 2 bedroom, 2 bath, en suite units – rent one unit and make the other your wine country home or pied-à-terre. Grand scale proportions, intricate moldings, hardwood floors, this property exudes the feeling of an elegant turn-of-the-century lifestyle, but enjoys modern amenities.

1603 MAIN ST., ST. HELENA Offered at $1,468,000 The Heart of the Napa Valley Wine Country!

Linda Alioto 707.694.3541 aliotorealty@aol.com

Wine Country Group Realtors - St. Helena Independently Owned & Operated BRE#01450100

1320 ELMHURST AVENUE, IN TOWN ST. HELENA Desirable location.

This 1,512± sq. ft. Single level home has 3 Bedrooms, 2 Bathrooms and a utility room that is large enough for a home office. Lots of brand new upgrades add to the chic, modern feel. Fully landscaped yard with a charming front porch.

Offered at $995,000

fabulousnapavalley.com Main Residence

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AGNIFICENT SPRING MOUNTAIN VILLA

Grandeur, serenity, and timeless Mediterranean elegance characterize this palatial estate situated on approx. 40 acres with panoramic views of Napa Valley. While ranking as one of the largest private residences in Napa Valley, it is also an intimate and family- friendly home, and a floor plan that maintains privacy for all. Approx. 9,600 sq. ft., voluminous grand- scale formal rooms, 7 fireplaces, library, office, music room, gymnasium, wine cellar, wine tasting room, and splendid chef’s kitchen for grand Napa Valley entertaining. Located in the highly desirable “Spring Mountain “AVA, near the Spring Mountain Winery in St. Helena. A rare opportunity to acquire a world class Napa Valley estate with approx. 7 acres of ultra premium Napa Valley hillside vineyard and helicopter pad add to the allure of this Napa Valley country estate. Wine brand and inventory (approx. $5-$6 million) can be purchased for an additional $9.5 million.

$18,800,000

Yvonne Rich DRE01045780

(707)968-9888 1338 Main Street, St. Helena, California

yvonne@fabulousnapavalley.com 4 — Distinctive Properties

YVONNE RICH Exclusive Estates

fabulousnapavalley.com

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ILLA MILLE ROSE VINEYARD - ESTATE/WINERY SITE

Extremely rare opportunity to acquire 38.7 acres in Oakville AVA. Oakville AVA is one of Napa Valley’s most coveted and prestigious regions.

Home to such distinguished wineries as SCREAMING EAGLE, HARLAN, BOND, DALLA VALLE, OPUS ONE, PLUMP JACK, SILVER OAK, FAR NIENTE and RUDD, as well as Napa Valley’s most highly regarded vineyards such as TO KALON, BACKUS and HEITZ CELLER’S famous MARTHA’S VINEYARD. Villa Mille Rose Vineyard is a 38.7 acre property on the valley floor in the heart of the Oakville Appellation with commanding and panoramic views of vineyards and mountains. This is truly a premier location surrounded by multi-million dollar properties. A chance to create a world class winery and/or prime location for an ultra-premium dream estate on a proposed building envelope. Approx. 35 acres planted with premium Chardonnay & Merlot vines, 400 GPM well and 8 bedroom perc for an engineered septic system.

$10,800,000

Yvonne Rich DRE01045780

(707)968-9888 1338 Main Street, St. Helena, California

yvonne@fabulousnapavalley.com

YVONNE RICH Exclusive Estates

March 2015 – 5

fabulousnapavalley.com

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ONTEMPORARY OASIS

Brilliantly created with a designer’s eye and a craftsman’s hand, this striking contemporary oasis exhibits dramatic lines and volume with a modern contemporary flair throughout. Sited on 12+ acres and bordered by its own vineyards, this legendary estate is unequivocally one of the most luxurious and private estates with resort-worthy amenities. Modern European influences grace the approx.

8,600 sq. ft. of living space. Five bedroom suites and a true “spa-at-home” first floor master retreat, elevator, library/office, home theater/media room, home gym, wine cellar and a beautiful Italian modern kitchen opens up to the infinity edge pool with swim-up bar and outdoor kitchen for glamorous entertaining or comfortable day to day living.

Immerse yourself in the comfort........

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$7,950.000

LEGANT FRENCH COUNTRY ESTATE

Magnificent French Country estate nestled on 1+ acres offers classic European charm with all the modern amenities and is only minutes to downtown St. Helena. Dramatic architecture, cathedral/beamed ceilings, and banks of beautiful arched windows reveal the beautiful outdoor surroundings. Approx. 5,000+ sq. ft., 4 br & 5 ba, gracious living room, library/office, exercise room, sun-filled French country kitchen with adjoining breakfast nook and spacious family/entertaining room with a balcony which is perfectly designed to accommodate grand-scale indoor/outdoor entertaining. The grounds create a resort-like atmosphere, while adding to the sense of privacy and quiet country ambience.

This impeccable home reflects grace and style at every turn.

$1,395,000

Yvonne Rich DRE01045780

(707)968-9888 1338 Main Street, St. Helena, California

yvonne@fabulousnapavalley.com 6 — Distinctive Properties

YVONNE RICH Exclusive Estates

fabulousnapavalley.com

110+

ACRES WITH 1+ AC. HILLSIDE VINEYARD

One of the most spectacular knoll estate sites is now available.

An extraordinary opportunity to own a beautiful & serene 110+ acres with prime one+ acres of hillside Cabernet Sauvignon Vineyard. Unobstructed views of lake Hennessey, hillside vineyards & dramatic mountain panoramas. This property has the distinction of being in one of St. Helena’s most sought after and exclusive areas.

Scenic, private and removed from the mainstream, a multitude of opportunities exists to create the ultimate Napa Valley estate in this gated community of several world class grand estates. Excellent well, electricity, paved road access, and premium one acre Cabernet Sauvignon vineyard & an approved Errosian Control Plan may allow approx. 3 additional acres of new vineyard.

Unlimited potential for the ultimate dream estate.

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$1,795,000

LTIMATE CONTEMPORARY LIVING

This 2014 renovated modernist Napa Valley compound is sited on 1+ acres on the coveted Lodi Lane in St. Helena with vistas of vineyards and a serene pond. The powerful contemporary architecture is designed with a mix of modern materials and large spans of glass are beautifully combined with wood, rustic metals and exposed concrete. Every bit of the house is chosen and shaped for maximum effect, creating distinct personalities for each major room and voluminous open interior spaces, walls of glass doors throughout for indoor/outdoor Napa Valley living. Approx. 5,000+ sq. ft. residence is an art collector’s dream with a unique center hall with 20ft ceilings & expansive center gallery; unconventional floor plan, yet every amenity imaginable.

Truly an estate for the modern ages........

$6,750,000

Yvonne Rich DRE01045780

(707)968-9888 1338 Main Street, St. Helena, California

yvonne@fabulousnapavalley.com

YVONNE RICH Exclusive Estates

March 2015 – 7

MAPS

▼ NAPA

CALISTOG

MAPS OF THE VALLEY

A TUBBS LANE

CALISTOGA

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ST. HELENA

MAIN ST.

YAJOME ST.

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China

Veterans Park

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Calistoga Realty Co., Inc.

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YOUNTVILLE NAPA

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AMERICAN CANYON

Calistoga Rea

lty Co., Inc.

(707) 942-942

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1473 C Linco ln Avenue Calistoga, CA 94515

hen you advertise in Distinctive Properties Magazine, your advertisement gains access to the Internet.

Each issue of Distinctive Properties will be automatically posted in the real estate section of the www. napavalleyregister.com web site. This site also serves as the host of Open House ads for The Napa Valley

Register Newspaper. Additionally, you may view Virtual Tours, home sales, articles and back issues of Distinctive Properties.

Distinctive Properties is distributed throughout locations in Napa, Yountville, St. Helena, Calistoga, Sonoma, and other key Bay Area locations.

EDITOR/DIRECTOR OF SALES Randy Principe Direct 707-256-2251 Fax 707-252-6047 rprincipe@napanews.com

Phyllis Seiger 707-256-2205 naparealestate@napanews.com

Our office is located in the Napa Valley Register building: DISTINCTIVE PROPERTIES 1615 Second Street, Napa, CA 94559

March 2015

ACCOUNT EXECUTIVES Randy Dowis 707-256-2229 rdowis@napanews.com

Distinctive Properties makes every effort to ensure the accuracy of the information it publishes, but cannot be held responsible for any consequences arising from errors or omissions.

All rights reserved. Reproduction in whole or in part is strictly prohibited. Distinctive Properties is a registered trademark of The Napa Valley Publishing Company.

8 — Distinctive Properties

DISTINCTIVE PROPERTIES

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Napa County grape harvest sets earnings record Cabernet sauvignon remains economic giant L . P I E RC E C A R S O N l pca r so n @ n ap an ews.c om Napa County’s 2014 grape crop earned area growers $706 million — an all-time record high — the result last fall of a third bumper crop in a row.

The valley’s most recent harvest weighed in at 173,770 tons, down a scant 1,000 tons over the previous year, still below the largest crop to date in 2012 of 181,183 tons.

California Department of Agriculture officials recently released the preliminary 2014 grape crop report, showing that statewide tonnage was down and prices were up, a trend mirrored in Napa County.

While many had predicted a much smaller harvest would follow the previous two years’ bounty, many in the industry indicated last year’s crush might have eclipsed the 2012 numbers if vineyards hadn’t been judiciously pruned last summer — an exercise referred to as the “green harvest.”

Not even continuing statewide drought seemed to significantly impact crop totals.

With tonnage remaining strong and grape prices on the rise, the total value of last fall’s grape harvest increased by a healthy 11 percent, or $68 million.

PRICES UP, TONNAGE STRONG Cabernet sauvignon remains king in Napa Valley, with 68,921 tons accounting for the lion’s share of the entire grape crop. Last year’s cab crush increased by 3,164 tons, or nearly 5 percent, not far below the record 70,935-ton crop of 2012. At an average of $5,930 a ton, the price for the valley’s cabernet sauvignon continues to climb, up 8 percent over last year.

“For cabernet sauvignon growers in the Napa Valley it’s been a great year,” declared industry analyst George Schofield. “Napa

The 2014 harvest in Napa County set a valuation record. Mustard blooms in a vineyard along Ramal Road as the vines prepare to launch another vintage. J.L. Sousa/Eagle

“

For cabernet sauvignon growers in the Napa Valley it’s been a great year.”

George Schofield, industry analyst

cabernet sauvignon momentum — in terms of varietal leadership and world class status — is displayed in several ways. Clearly, a price of $5,930 per ton asserts dominance over chardonnay and pinot noir, which sell for less than half the price.”

In looking at the jump in tonnage, Sue Brewster — who works with Schofield in analyzing wine industry trends and issues — said the valley’s cabernet sauvignon, “seasonally a later grape to bloom and harvest, seems to have benefitted from fuller bunch size than in 2013.”

Schofield said Napa Valley cabernet sauvignon gets top dollar, “with the $2,605 average price per ton in Sonoma County being the closest. The total value of Napa cabernet sauvignon in 2014 is estimated at $409 million,

accounting for some 58 percent of the value of the entire county grape crop. It makes a world-class wine that continues to grow in demand and we should be thankful for it. It also means a lot in terms of image internationally.”

The average price paid for valley chardonnay was up slightly to $2,497, while tonnage dropped by 1 percent to 30,329.

The county’s other early maturing Burgundy variety, pinot noir, weighed 9,253 tons, a significant 23 percent drop. Following the trend, the price for pinot noir was up by 7 percent, to $2,604 a ton.

Tonnage also dropped for sauvignon blanc, down 16 percent to 15,079 tons. The price for a ton of sauvignon blanc increased by $10 to $1,909 on average.

Me r l o t p r o d u c t i o n a l s o declined, down 11 percent to

18,769 tons. The price paid per ton of merlot was up by 7 percent, to $2,979.

There appears to be a discrepancy in at least one of the report figures. Last year’s report indicated 25 tons of carignane were harvested from the 7 planted acres here. This year’s report lists a harvest of 2,100 tons. When adjusted in the final report in a few months, the report undoubtedly will show that Napa County’s total tonnage dropped between 1 and 2 percent in 2014, analysts say.

Additional tonnages and average prices paid for other Napa Valley grape varieties in 2014 include: — Cabernet franc, 3,565, $5,636.

— Malbec, 2,479, $4,507.

— Muscat blanc, 1,252, $2,062.

— Petite sirah, 3,906, $3,418.

— Petit verdot, 2,832, $5,499.

— Pinot gris, 609, $1,702.

— Riesling, 340, $2,614.

— Semillon, 2,643, $2,837.

— Syrah, 3,416, $3,203.

— Viognier, 610, $2,986.

— Zinfandel, 4,557, $3,335.

March 2015 – 9

CALISTOGA TUBBS LANE

Calistoga Realty Co., Inc.

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Calistoga Realty Co., Inc. (707) 942-9422 1473 C Lincoln Avenue Calistoga, CA 94515

10 — Distinctive Properties

59.7+/- AcRE ESTATE pRopERTY Located in Calistoga and Knights Valley, adjacent to Blossom Creek Winery and Turnbull this 4,100 sq. ft. main residence, 900 sq.ft guest house currently utilized as an office, with approx. 16.7 acres of vineyard on a long term lease expiring in 2025. An additional 8+/- acres of vineyard - 4 acres of hillside Cabernet and 4+/acres of Petite Sirah with additional plantable acreage and potential for Winery/Caves. A rare opportunity!

www.calistoga-realty.com Calistoga Realty Co., Inc.

pERfEcT WEEKEND HoME This adorable 2+ bedroom, 2 bath home is just a couple of short blocks to downtown Calistoga. Wood floors, updated kitchen, fireplace with insert, spacious and nicely landscaped back yard. $545,000

1473 C Lincoln Avenue, Calistoga, CA 94515 707-942-9422

DEVELopER’S DELIGHT Double lot located just a few blocks from downtown Calistoga. 14,871 sq. ft. lot with a quaint little house. Possible lot split or build another house.

Zoned R-2. Use your imagination. $618,000

BELLA VISTA VINEYARDS An incredible opportunity to own a one of a kind Estate property situated on over 200 acres in Napa and Sonoma County. The custom built Mediterranean Style residence was designed by Adrian Martinez AIA and there are three additional buildable parcels included in this sale and each one provides panoramic views.

Approx. 37 acres of premium vineyard, winery and cave potential. Vineyards and residence can be purchased separately.

180+ AcRES – 37 AcRES of VINEYARDS, 2 pARcELS - $7,950,000 • RESIDENcE oN 25+ AcRES, 2 pARcELS - $3,695,000

EstatEs • VinEyards • Vacation HomEs • Land rEsidEntiaL and commEricaL Sharon Carone, Broker • Darlene Brissard, Realtor • Brian Durnian, Broker March 2015 – 11

ST. HELENA MAIN STREET MAIN STREET

12 — Distinctive Properties

ST. HELENA REAL ESTATE Napa Valley · Sonoma

HOMES

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LUXURY ESTATES

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LAND

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VINEYARDS

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WINERIES

For information on our listings, please visit our website:

www.sthelenarealestate.com

WINERY ESTATE & VINEYARD

VINTAGE NAPA

Winery, vineyard and Mediterranean residence in the Atlas Peak Appellation. 10 +/- acres planted in Cabernet, Merlot and Cabernet Franc. 8,000 gallon operating winery.

Located in the heart of Downtown Napa, this lovely restored vintage home boasts 3 Bedrooms and 2 Bathrooms.

Farmhouse kitchen, great floor plan and charm throughout.

Offered at $5,975,000

Offered at $825,000

Gail Morgan Lane / Claudine Perret

Jacqueline Wessel

(707) 291-0156

(707) 738-7338

(707) 967-9570 Napa Valley · Sonoma

1346 Main Street St. Helena, CA2015 94574 March – A13

Don’t let down payment obstacles deter millennial buyers Many wrongly believe all loans require hefty upfront cash, stringent qualifications RO B C H R A N E

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h, the elusive millennial homebuyer. Our industry has spent most of 2014 analyzing why this demographic hasn’t bought a home (Student debt?

Unemployment? They want to rent?) and even more time researching millennial goals and beliefs to forecast what’s next for housing.

In fact, it’s hard to come across any housing story (include this one) that doesn’t mention the importance of millennials. The choices they make — rental or homeownership — will direct the immediate future of housing.

But, how do we crack the code to reach and help millennial homebuyers?

According to research by Zillow, adults age 22 to 34 are more eager to own a home than older Americans. In addition, the Demand Institute found that 75 percent of millennials believe owning a home is an important long-term goal. One key sign of increasing homebuying interest: A Google consumer survey found that half of millennials visited real estate websites in July (up 30 percent from the previous year).

The desire to own is high; their primary challenges are inventory and home financing, according to the National Association of Realtors’ 2014 Profile of Home Buyers and Sellers. If Realtors could help eliminate one challenge for millennials, more could buy today, or at least begin the journey. We already know that the down payment is the biggest problem for first-time homebuyers, and we also know that home financing is critical for millennials. Many buyers are, however, falsely holding onto the belief that all home loans come with a hefty down payment and stringent qualifications.

Realtors have the power to change that narrative. By helping buyers investigate their down payment options, you become an 14 — Distinctive Properties

Millennials often believe—wrongly—that home ownership is out of reach. © Elena Elisseeva | Dreamstime.com

advocate for today’s missing millennial homebuyer.

While recently flying a Delta 777 simulator, a few things reminded me of successful agents and brokers: — Takeoff and landing require the same series of actions and checklists, no matter where in the world you are.

— Close your eyes and you would not know the difference between a simulator and the real thing. I was cautious and tentative at first; my 13-year-old granddaughter requested maximum turbulence. The realism made it creepy, but a lot more exciting and satisfying.

— All real estate may be local, but agents and brokers should practice with a global mindset.

The same best practices work in all markets and under all conditions.

— You’re not paid the big bucks for mind-numbing hours of routine processes. Clients remember you and refer their friends because of how you handled the critical moments when everything seemed to be coming apart.

— Get outside your comfort zone; it’s the only way to grow, and makes for a more fulfilling business and life.

What can you do to start helping buyers investigate those down payment options?

— Highlight information about local programs on your website and social media.

— Connect with lenders and brokers who already know how to manage down payment program financing successfully.

— Attend trainings from your local housing finance agency.

— Help your buyers find out what programs they may qualify

for first, before touring homes.

The results could help expand or narrow your search.

— Share buyer success stories in your communications.

This year is going to be an exciting and rewarding one for those who understand and accept the realities of today’s real estate industry and connect their clients with hard-to-find information that helps them buy a home.

Will this finally be the year for millennials? Rents are rising, and the down payment continues to be a challenge. Crack the code to this significant segment of the population by helping millennials find their down payment.

Rob Chrane is a former Realtor and broker with more than three decades of experience in real estate and mortgage finance. He is the president of Down Payment Resource.

A Real Estate Company For Life.

TerraFirmaGlobalPartners.com

March 2015 – 15

HOSPITALITY BUSINESS

Bardessono hotel, restaurant and spa for sale Thomas E. Callahan of PKF Consulting USA, a division of CBRE, said that hotels are in demand.

“The industry has been literally on fire since coming out of the recession,” he said. “Most JENNIFER HUFFMAN hotels are generating record-level profits. As a j huf f man @ n apanews.c om result, you have a lot of capital looking to deploy itself. And you have owners that are saying, ‘It’s Bardessono hotel, restaurant and spa in time to take my chips off the table.’”

Yountville is for sale. While a list price was not As for a sale price for Bardessono, “It’s going provided, hotel experts expect the 62-room to be big,” predicted Callahan. luxury hotel property will sell for more than In 2013, Auberge Resorts and a group of $65 million. partners including vintner Bill Foley purchased “Bardessono is one of the highest-performing Calistoga Ranch, a 50-room boutique resort in hotels in Northern California, and the current Calistoga, from Olympus Real Estate for an estiownership feels like it is the right time to sell and mated $50 million. let new owners continue the growth of the propIn June, San Francisco-based Flynn Property,” said Margaret Clapp, speaking on behalf of erties Inc. purchased the 27-acre Carneros Inn the hotel’s ownership group, Yountville Investors luxury resort from then-owner the PlumpJack LLC. Clapp is one of four managing members Group for an estimated $60 million. of the group.

Does he think Bardessono will sell for a simiOpened in 2009, Bardessono was developed lar figure of $1 million per room? Callahan said, and continues to operate on land leased from the “That’s probably conservative.”

Bardessono family of Yountville.

Rick Swig, hotel consultant, owner of the In 2007, the project Napa Winery Inn and was estimated to cost former owner of the $46 million. DependInn, also noted The industry has Harvest ing on the day of the that hotel sale prices been literally on “are at an all-time high.” week and month, room rates range from $500 fire since coming He also said he believes to $1,000 a night, Bardessono will sell for said General Manager out of the recession.” at least $1 million per Jim Treadway. room, or for between $65 Thomas E. Callahan of PKF Treadway said he million to $75 million.

Consulting USA, a division of CBRE could not reveal the askA likely buyer is ing price for the hotel. “another owner of similar “It will be a big number, as this is a very hotels located in luxury destinations where the high-performing hotel,” said Treadway. “Because target average daily room rate is between $750 of its national and international reputation, it’s and $1,000 a night.” considered a ‘trophy’ asset.”

Swig described the Bardessono as in same calWhether or not he and the other 150 iber as the Carneros Inn and Calistoga Ranch. employees will remain on staff after it sells is up While both of those properties have suppleto the buyer, he said. But, “We all hope so.” mentary real estate components, Bardessono fits The Bardessono hotel also includes Lucy between the two of them.

Restaurant and Bar, culinary garden, rooftop The hotel has received numerous awards for pool and spa. It’s operated by Benchmark Hos- customer service and “commitment to the envipitality International. It’s unknown if Bench- ronment,” according to a news release. In early mark will continue to operate the property after 2010, the U.S. Green Building Council awarded the sale. the 5-acre Bardessono complex LEED platinum “We expect an extremely high level of inves- certification. tor interest in Bardessono” said Mark McDerEco-friendly practices at the hotel include the mott of CBRE Hotels, the firm chosen to sell low-profile flat solar panels, water conservation, the hotel. recycled construction materials, organic linens

Property could fetch more than $65 million

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16 — Distinctive Properties

and cleaning products, onsite composting and minimal solid waste generation.

Landowner Steve Bardessono said, “We look forward to working closely with the new owners.”

The property has been in the Bardessono family since 1926, and in addition to the family name on the hotel, Lucy Restaurant and its culinary garden are both named after Steve’s mother, a news release said.

“We are so thankful to Benchmark Hospitality, Jim Treadway, the Bardessono family, our landlord, and the greater Yountville and Napa Valley communities for all their support,” said Clapp.

“The success of the property is undeniable,” she said.

Bardessono resort in Yountville. The resort, which includes a hotel, restaurant and spa, has been listed for sale and could fetch more than $65 million. J.L. Sousa/Register file photo

The Bardessono resort is for sale. Š Zhukovsky | Dreamstime.com

March 2015 – 17

YOUNTVILLE

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Vineyard Park

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March 2015 – A19

www.1927VintnerCt.com

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• Great one story home located in Yountville • Features an open great room layout • Numerous raised garden beds in the backyard

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Offered at $740,000 www.1440CrestmontDr.com

• Gated entry with unparalleled views • Stunning great room with stately fireplace • Spacious apartment, wine cellar, guest house, gorgeous patio

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Offered at $2,850,000 www.6556DryCreekRd.com

• Family compound on over 26 acres • Expansive lawn and pool area with spectacular views • Complete with main house, guest house and two adorable cabins

Offered at $2,695,000 VIEW ALL NAPA VALLEY LISTINGS ON MY WEBSITE, WWW.GATESESTATES.COM (707) 944-0888 • Fax (707) 944-0884 • Cell (707) 333-7770 BRE #00711618

20 — Distinctive Properties

www.3747BeartoothLane.com

• Stunning Hidden Hills home • Huge lot with views to the City of Napa • High end materials/impeccable workmanship

Offered at $1,695,000 www.16MarsalaWay.com

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• Gorgeous home in North Napa Li • Kitchen features w/stainless ew steel appliances and beautiful N wood cabinets • Master Suite w/generous sitting room, beautiful bathroom, his/ hers closets

Offered at $1,125,000 6468 Washington St. #164, Yountville

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• Gorgeous newer home with many upgrades • Beautiful Birch hardwood floors and spacious 9 foot ceilings • Kitchen w/wonderful Oak cabinets and a peninsula counter

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Offered at $215,000 VIEW ALL NAPA VALLEY LISTINGS ON MY WEBSITE, WWW.GATESESTATES.COM (707) 944-0888 • Fax (707) 944-0884 • Cell (707) 333-7770 BRE #00711618

March 2015 – 21

Bogue’s Bulletin Board Live Smart By Right Sizing

It seems little was learned from the great recession as Wall Street is back to conducting business as usual after a few economic hand slaps and minimal controls on investment excess. However, for Main Street and the general public it seems there may be a few lessons learned, one of which being that we can “live with less” and still enjoy complete and fulfilling lives.

Living through the insecurity of these times and adjusting to economic reality, many home owners and apartment dwellers have found that having less space and owning less stuff has increased the amount of money and the amount of time they have to better enjoy the quality of their lives.

Because housing cost has increased to as much as 50% of an individual’s disposal income, reducing your mortgage payment can free up money to increase retirement savings, fund a college education, purchase a vacation home or simply provide greater financial security. The concept of “right sizing” is even more attractive now because loans are at record low rates keeping monthly payments to a minimum.

One common way to “right size” is by selling your current home and buying a smaller single family home or condominium. Napa County has a selection of planned communities offering a menu of size, locations and amenities from which to choose. One of the main issues that comes up when you buy down is that you will need to accept change. Moving to a 1200 square foot condominium from a 2200 square foot 4 bedroom home may look good on paper but will take some lifestyle adjustment when changing to a reduced space, less desirable neighborhood or living without a pool in the back yard.

Making a change from a personal home to a condominium or town home will be rewarded with a lower monthly payment, lower utility costs, less repair costs and less personal time dedicated to maintain your yard and home. The added cost of a Homeowners

Association fee will be more than offset by the turnkey living the services and amenities provide. This conversion from house equity to personal freedom by “right sizing” will give you the dollars and time to live your life knowing you now own your home and it does not own you.

Along with record low interest rates the timing for “right sizing” could not be better from a tax perspective.

Assuming that your current home equity has recovered to pre-recession levels, the current tax law allows a married couple filing jointly to pay no tax on the first $500,000 of gain and the first $250,000 for a single person individual on the sale of their home. The cash generated by the sale and the reduced monthly mortgage payment created by“right sizing”could produce more money and time than you imagined.

If you can’t find the property you want in Napa you can expand your search to other areas of Northern California, the Pacific Northwest or the desert areas of California and Arizona. A search on line will show you the different possibilities available often at prices well below Napa County. Your local Realtor can refer you to a top agent who has local knowledge and will provide you with as much property and relocation information as you will need.

By setting your sights on an area and a specific property that you would like, you can create a transition template beginning with the “net proceeds” you will have from the sale of your current home. With that information you can determine the “total purchase cost” and exactly what your tax, loan and operating expense situation will be.

Prior to entering into any contract to sell or purchase be sure to consult a tax professional on the tax implications on your sale and purchase. By“right sizing”and reducing the size of your living space you will be able to free up both money and the personal time to lead a richer and more fulfilling life.

CHARLES BOGUE, BROKER CalBRE#00482010

707.486.5511 CBNAPA@NAPANET.NET

Coldwell Banker Brokers of the Valley

NAPA

MAIN ST.

YAJOME ST.

China

Veterans Park

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March 2015 – 23

(707) 226-1823 • 1030 Third Street, Napa

IN

www.1701FSt.com Two turnkey detached homes on one lot in Napa!

Front detached home is a remodeled, 2b/1b, and is 1200 SqFt. Back detached home is a 3b/2b and is 1150 SqFt. For more information visit: www.1701FSt.com Mark Lesti

707.320.8950

W RO C S

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212 East 1st Street

Charming Alta Heights home in great location, just minutes from downtown Napa. Hardwood floors, large combined living/dining rm, clay textured walls, very pvt backyard fully landscaped. Pride of ownership in this home is obvious!

Allen Ray Offered at $835,000 Dave Samson

707.299.7730 707.342.0809

$610,000

OW R C

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Allen Ray Dave Samson

Mark Lesti 707.320.8950

Carl Mianecke 707.260.5952

707.299.7730 707.342.0809

Nate Bethard 707.225.1838

Gary Prince 707.227.7282

A24 — Distinctive Properties

$559,000

2470 Sonoma Street Single level home, updated & expanded to include 3BD/2BA with master suite and bonus room. New roof, new carpet & fresh paint inside/out. Spacious kitchen w/island, and French doors to the backyard.

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Matt Cole 707.227.0306

Allen Ray 707.299.7730

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Breanna Lesti 707.225.1225

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John Prince 707.337.0191

Bob Souza 707.363.6335

Christine Marek 707.226.1823

Bob Wallin 707.337.5279

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Christine Lesti 707.320.8999

Ian White 707.227.5226

(707) 226-1823 • 1030 Third Street, Napa CE ED I PRDUC RE

Gorgeous and gated location with breathtaking panoramic views.

Live among the vineyards and small wineries on a knoll in a lovely forested setting.

Stunning new construction in St. Helena! Just about three blocks to charming downtown Main Street!

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IN OW CR S E

Custom built in 1989 to embrace indoor/outdoor living.

Hardwood floors & crown mouldings grace the living areas.

Only blocks to downtown!

Beautiful Silverado Country Club home. Fine quality and luxurious amenities; 1/2 acre with filtered views and a wonderful sense of light & space.

For more information visit: www.875HuntAve.com The Lesti Team Offered at $1,450,000

For more information visit: www.37BurningTreeCt.com The Lesti Team Offered at $1,595,000

Mark Lesti Broker/Owner 707.320.8950 mlesti@windermere.com CalBRE #01784430

Christine Lesti Assoc. Broker/Owner 707.320.8999 clesti@windermere.com CalBRE #01854432 March 2015 – A25

Julie Larsen Luxury Real Estate About Julie...

With 20 years as a real estate professional and a Napa native, Julie continues to be one of the top real estate brokers in the Napa Valley and surrounding counties.

Julie has now set her sights on being the best choice for representation and marketing for vineyard buyers and sellers. This year, she will attain her Associate of Science Degree in Viticulture gaining additional expertise in order to better meet the demands of today’s savvy vineyard buyer or seller.

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139 Knoll Pl., St. Helena Asking Price $1,495,000

8039 Carlisle Way, Hiddenbrooke Asking Price $400,000

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2063 Lone Oak, Napa Asking price $465,000 Represented Buyers

433 Coombs St., Old Town Napa Asking Price $795,000

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1150 Crane Ave., St. Helena Asking Price $989,000

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JULIE LARSEN

BROKER ASSOCIATE

707-260-4663

julie.larsen@pacunion.com www.JulieLarsen.com 944 Main Street, Napa, CA 94559 License #: 01194150

March 2015 – A27

PROPERTY VALUES The average selling price of a Napa County home in 2014 was $774,738, up from $615,527 in 2013.

This home is for sale in Napa’s Old Town.

J.L. Sousa/Register

Real estate prices rise in 2014; average home price: $774,738 County sees 25.8 percent jump JENNIFER HUFFMAN j h u ff man @n ap an ews.c om Napa County home prices rose 25.8 percent in 2014, with the average sold price of an area home reaching $774,738, according to monthly data from Bay Area Real Estate Information Services, or BAREIS. The average sale price in 2013 was $615,527.

The median price of a county home — half cost more, half cost less — rose 15.3 percent, from $455,000 to $525,000.

Local real estate agents report that the August earthquake had a negligible effect on the market.

The last time prices topped the $700,000 range was in 2007 when the yearly average reached an alltime high of $864,297. During the Great Recession, the average sales price dropped for several years in a row before beginning to recover in 2012.

28 — Distinctive Properties

While prices rose in 2014, the number of Napa County homes sold declined 15.2 percent, from 1,522 in 2013 to 1,290. The average number of days a typical home was listed for sale also dipped, from 91 to 87.

“2014 was a year the market stabilized,” said NorBAR Napa County Chapter president and Realtor Kris Chun. “Though the earthquake shook the market, it didn’t rattle the market.”

Chun noted that fewer distressed properties remained on the market in 2014. That means the vast majority of sales were traditional equity home sales, he said.

But overall, fewer homes were sold in 2014. “We’re still very much in a seller’s market because there’s very little inventory out there,” said Chun.

Many homeowners are still waiting for more equity in their homes, “so they’re not (yet) in the position to sell and step up like in a traditional market,” said Chun.

“We’re still seeing a lot of people on the fence whether or not now is the right time to pull the trigger.”

After the Aug. 24 earthquake, “approximately 14 houses that were listed came off the market.

It doesn’t sound like a lot but that was 10 percent of the active inventory in Napa city at that time,” Chun said. However, “that didn’t have a dramatic effect on the overall market” in 2014.

Another reason for low inventory is that there has been almost no new home building in Napa since 2009, noted Chun.

“We need to increase our housing stock and we just haven’t had it,” he said.

Napa Realtor Stefan Jezycki, regional chair for the California Association of Realtors, said that prices rose in part because “Napa is a destination. We’ve done nothing but make our destination more attractive over the past 10 years.

Our product is only getting better.

We attract buyers from (around) the world.”

Jezycki also cited a lack of inventory.

“Incomes are not increasing for average Americans,” said Jezycki.

For those people, “when price of

homes go up, even with declining interest rates, you can’t keep up with the increase so you stay in your home.” Thus, there’s a lack of inventory.

Jezycki said that he’s already seeing changes in the market in 2015.

“Right now, activity is far stronger than it was last year at this time,” he said, adding that buyers are saying, “I’m tired of waiting.”

Jezycki said the earthquake had a negligible impact on market values. “I had people who wanted to see properties on that Sunday” of the quake, he said.

From mid-December to today, there are more Browns Valley homes in contract than all of the Browns Valley homes in contract from August to mid-December last year, Jezycki said.

“We’re at a very healthy place,” he said. That’s good news for most; however, first-time homebuyers continue to face difficulties in breaking into the market. “To be a young couple and buy a house under $400,000 is very, very challenging,” he said.

March 2015 – A29

Real estate is missing opportunity to reach qualified buyers Many homeowners who could get a mortgage think they’re ineligible RO B C H R A N E

A

fter decades of operating on the day-to-day transactional side of this industry as an agent and lender, I now enjoy a unique vantage point where the housing industry intersects — real estate, mortgage lending, quasi-governmental housing agencies, policymakers and nonprofit organizations, and, of course, the homebuyer. My observations over the past five years have reinforced some of my long-held beliefs while challenging and even altering others.

First, what hasn’t changed is my respect for real estate professionals who make an honest living in this crazy business.

What has changed is my appreciation of how difficult it is for many people and organizations to shake outdated perceptions when opportunity calls.

Take, for example, the alarming drop in sales to first-time homebuyers. Student debt, the job market and the alleged desire by millennials to defer homeownership have all contributed to the downturn. But there’s much more at play.

Research data throughout 2014 proved beyond doubt that millions more millennials and boomerang buyers could afford a home than they themselves believed.

Our industry is not making the most of this grand opportunity. Here are the numbers of 25to 34-year-old renter households who can afford a median-priced home in select markets, according to research by the Harvard Joint Center for Housing Studies and the American Community Survey at census.gov (see graphic).

Now, consider that this same cohort is pessimistic about qualifying for a mortgage. Research by Zelman & Associates shows that 60 to 72 percent overestimate down payment requirements, 30 — Distinctive Properties

As an industry, real estate is overlooking many qualified buyers who could be brought into the market. © Goodluz | Dreamstime.com

believing that they need at least 11 to 15 percent of the sales price.

In addition, 70 percent of U.S. adults are unaware that down payment help exists, according to a NeighborWorks America survey.

We know that there are billions of dollars in down payment help available across all markets.

It’s not just for low-income households and low-cost homes.

Households earning up to 120 percent or more of area median income can be eligible. Our data also show that more than 70 percent of all homes currently listed for sale are eligible for one or more programs. That includes large

markets, small markets, high-cost, low-cost, coastal and inland.

Millions more people can become successful homeowners today — they simply don’t know they can or how to do it.

I asked an executive at one of the major listing portals why they don’t share this type of information with the tens of millions of monthly visitors to their site. The answer: “Because they don’t ask for it.”

But how can you ask for help when you don’t know it exists?

Saving for a down payment has always been the No. 1 obstacle to homeownership, now so

more than ever. (Please hold your “skin in the game” comments for a future column.)

This is a question for the entire industry — agents, brokers, lenders, homebuilders and their trade organizations. Remember the federal housing tax credit of 2009 and 2010? That program was wildly successful in large part because the National Association of Realtors, the Mortgage Bankers Association and the National Association of Home Builders used their substantial megaphones in harmony to educate and inform their members and the public.

Today’s opportunities dwarf that program, but nary a peep.

Why, we’re frequently asked.

Why indeed?

There are significant challenges when it comes to affordability, but much more can be done with relative ease to educate homebuyers about their home financing options, including down payment programs. We’ll dig deeper throughout the year — provide commentary, pose solutions and highlight successful agents and best practices.

Rob Chrane is a former Realtor and broker with more than three decades of experience in real estate and mortgage finance. He is the president of Down Payment Resource.

479.9612 www.napahomesandestates.com jillmlevy@gmail.com T op 1%

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March 2015 – 31

COMMERCIAL DEVELOPMENT

Changes at Gasser properties underway New restaurants, hotel in the works JENNIFER HUFFMAN j h u ff man @n ap an ews.c om Work is underway at a trio of Gasser Foundation properties in south Napa, including a hotel groundbreaking, demolition of one fast-food restaurant to make room for another and the removal of several older commercial buildings on Soscol Avenue.

The nonprofit also announced that a restaurant called The Forge Pizza will be the newest tenant at the South Napa Century Center.

Work has begun on the foundation for the 115-room Hampton Inn & Suites at the movie theater complex, beneath the eastern approach to the Maxwell Bridge.

“We are very excited about the hotel construction,” said Joe Fischer, consultant to the Gasser Foundation. The design “exceeds most Hampton Inns around the country.”

“We had multiple developers that wanted to build a Hampton Inn. These guys showed us some buildings designs that were superior,” he said. “We got a little bit more in terms of additional aesthetics and treatments on the building and more amenities inside the building and on the patio and pool area,” said Fischer.

“We also think it fills a great place in Napa’s hospitality market.”

The Hampton Inn should open this fall, said Fischer.

The hotel is adjacent to the 12-screen Century theater development and will soon be joined by a 38,000-square-foot In Shape Fitness Center. That project was approved by the Planning Commission in December. “We expect the fitness center to be built this year,” said Fischer.

With the hotel, fitness center 32 — Distinctive Properties

Construction of an El Pollo Loco on the former Burger King property on Soscol Avenue has begun. J.L. Sousa/Register

“

El Pollo Loco is a well-performing restaurant chain with some great healthy options that we see as complementary to the offerings at South Napa Marketplace.”

Joe Peatman, president of the Gasser Foundation.

and theater in place, the foundation’s focus has turned toward leasing 60,000 square feet of retail space in the theater complex.

The foundation has signed a lease with The Forge Pizza, “an awesome wood-fired (restaurant) that is already very successful in Jack London Square,” said Fischer.

The Forge also has restaurants in Danville and Phoenix. A contractor, already selected, is likely to begin work later this spring.

The restaurant will feature 3,600 square feet of inside space.

Located at the corner of Imola Avenue and Gasser Drive, behind Target. The Forge will feature “a very cool outdoor entertainment space” with outdoor fireplaces, bocce ball areas, picnic tables and outdoor games. There is room for another sit-down restaurant in that same area, said Fischer.

“With the proximity to the Vine Trail, the growing college and the dominant draw of South Napa Marketplace, we see some great opportunities for a bike shop, great coffee shop, some other quick-service food options and local-serving retail that is actively oriented,” Fischer said.

At South Napa Marketplace, an El Pollo Loco, fast-food-style restaurant, will soon replace the recently demolished Burger King.

El Pollo Loco should be open for business this year, officials said.

“Burger King seemed to be at the end of its life here in Napa,” said Joe Peatman, president of the Gasser Foundation. “El Pollo Loco is a well-performing restaurant chain with some great healthy options that we see as complementary to the offerings at South Napa Marketplace.”

Ad v e n t u re RV, f o r m e r l y located just north of the Gasser Building at 433 Soscol Ave., has moved south of the Old Adobe restaurant on Soscol. Gasser removed the RV dealer’s old mobile office and other mobile office buildings, according to Fischer. Another tenant, Big Kid Toys, will also move and relocate to Sonoma.

“The foundation is preparing for the redevelopment of the Soscol Frontage from the Gasser Building to, but not including, Hanlees Subaru Volkswagen, said Fischer. Hanlees has a long-term lease and will remain, he said.

The foundation has 4.8 acres of land that could support a number of different retail options with large 15,000- to 22,000-squarefoot spaces and smaller shops.

“We think this is an ideal location for a number of retailers, as this will also be the entryway to the Tulocay Village residential development that was entitled in 2006,” Fischer said. That housing development was projected to include as many as 500 apartments.

Editor’s Note: This story has been modified to reflect the fact that Big Kid Toys is moving to Sonoma, not Fairfield as originally reported.

Sean Marek

MLO#235286 Manager, Loan Specialist Second Generation

Cheryl Woods

MLO#307532 415-810-2001 Loan Specialist

Brian Morrow

MLO#331058 415-310-5586

Business & Service DIRECTORY

March 2015 – 33

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We reserve the right to decline properties for the cover and ask that you consider the time of the year when making the choice for your property.

ADVERTISE YOUR BUSINESS OR SERVICE HERE Call Randy Principe for more information at 707-256-2251

34 — Distinctive Properties

View all active listings at winecountrygroup.com

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Gold Award

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Damon Savoia Napa • 208-608-2901

1316 Main Street, St. Helena • 707.963.5266 1130 Main Street, Napa • 707.265.1600 An independently owned and operated brokerage

March 2015 – A35

Which home loans are considered best for new buyers?

Know where to go to help your firsttimers get financed HANK BAILEY

R

enting can certainly be a solid choice while you’re saving for a down payment or repairing or building credit to obtain a mortgage, but recent findings show that homeownership is still a better deal. The cost to rent is rising faster than any other time in the last six years, according to the Bureau of Labor Statistics, while rental inventory stands at a 20-year low.

There is great benefit in knowing what types of loans are available that might assist buyers who require a low down payment so that they can become new homeowners in 2015.

In a recent press release, Zillow added to the conversation: “Over the past 14 years, rents have grown at twice the pace of income due to weak income growth, burgeoning rental demand, and insufficient growth in the supply of rental housing. This has created real opportunities for rental housing owners and investors, but has also been a bitter pill to swallow for tenants, particularly those on an entry-level salary and those would-be buyers struggling to save for a down payment on a home of their own,” said Zillow Chief Economist Stan Humphries.

“Next year, we expect rents to rise even faster than home values, meaning that another increase in total rent paid similar to that seen this year isn’t out of the question.

In fact, it’s probable.”

Although the increasing cost to rent and lack of inventory might nudge renters into buying a home, the National Association of Realtors points out that tight credit standards, large student debts and the growth of multigenerational households are contributing to the lowest number of first-time homebuyers in decades.

Additionally, we are told that rising rent prices mean less money to put away for that down payment.

Even with these difficulties, 36 — Distinctive Properties

There is great benefit in knowing what types of loans are available that might assist buyers who require a low down payment so that they can become new homeowners in 2015. © Johnkwan | Dreamstime.com

first-time homebuyers are projected to be more active in the 2015 housing market. These concerns about rising rents and other debts are a concern to first-time or new buyers, but we are also seeing options for homebuyers today. For example, new conventional loan guidelines create an open door for homebuyers even as the Federal Housing Administration has changed its fees and loan structure, making both less buyer-friendly.

Amy Buynoski, a mortgage banker and the vice president of Fidelity Bank, says that the benefit to Fidelity’s program “is it is not FHA, and the buyer can put 3 percent down, and it can be a gift or grant. Mortgage insurance will come off once they have the 20 percent equity, unlike FHA. There is also no upfront funding fee at closing. Credit score requirements are relatively low at 640, but this is subject to approval (based on the body of the credit and strength of the buyer). One buyer on the loan does have to be a first-time homebuyer or have no homeownership in the last three

years, and they do have to take a class.”

Another option that’s not always available in metro areas but can be found within rural residential markets is the USDA rural development (RD) loan. There is no mortgage insurance with an RD loan, but like a loan through FHA, there is an upfront funding fee at closing, and it is a 100 percent loan. These are for purchase loans on primary residential properties only, and the loan has a nice renovation component that is much simpler than FHA’s PowerSave Pilot 203(k) loan program in case the buyer would like to make some updates or upgrades to the property after closing.

The downside is that it’s possible to make too much money to qualify, and the property must be eligible for the loan. According to Jennifer Sims of Homestar Financial, “FHA and USDA (RD) are both great loans for first-time and second-time homebuyers. The USDA is a true 100 percent loan in eligible rural areas if you qualify under the income limits for the county. FHA also has a great loan,

which can allow gift funds for the low 3.5 percent down payment.

Both allow medium credit scores with some open collections as well. The USDA loan is the loan that can allow you to get into a home for truly 0 percent down as long as the home appraises. Also, there can be a repair escrow feature on both loans. The USDA can authorize up to 10 percent or $10,000 (whichever is less) to make repairs for appraiser-required issues. And FHA has a rehab loan called the 203(k) where you can borrow between $5,000 and $35,000 for upgrades or repairs to your home.”

As noted, FHA is still the old fallback and perfect for buyers rebuilding credit; it’s a bit more forgiving of past credit indiscretions compared with conventional loan guidelines.

The costs and limitations are real. Mortgage insurance is expensive, and it will never fall off the FHA loan. For someone who had a credit blemish in the past, an FHA loan might be the best route to take to get back into homeownership.

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March 2015 – 37

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March 2015 – 39

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AMERICAN CANYON

VALLEJO

Very rare 5 BDRM, 3 Bath home on well maintained street in Victoria Faire. One BDRM, full bath downstairs. Hardwood flooring in living and family room. Tile in kitchen. Spacious backyard with patio. RV parking. Great potential for the right buyer. Don’t miss this one!

Beautiful home in a great neighborhood. Hardwood floors, remodeled gourmet kitchen, fireplace, breakfast Room with built-in cabinets, Inside laundry room and storage, brick patio, large family room with balcony.

Many more surprises for you to love!

Loreto Stribling • CALBRE#01880439 • 707-342-3115

Cori Badertscher • CALBRE#01197370 • 707-373-4789

Nelia Medeiros • CALBRE#01331611 • 707-365-9600

Lisa Guerrera • CALBRE#01934759 • 707-333-9656

Loreto Stribling • CALBRE#01880439 • 707-342-3115

$585,000

$449,000

$429,000

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AMERICAN CANYON

Your Napa Valley experience begins here...plenty of land to plant grapes and/or add on and make it your dream home! A nicely remodeled 3 bedroom, 2 bath home with French doors leading to a little over 1/2 acre lot. Granite counters in kitchen and bath. Partial original hardwood flooring and crown moulding. Detached garage with bedroom/full bath. Work shed and working well. Close to shopping and transportation. Must see this unique property!!

Ron Banasik • CALBRE#00557904 • 707-373-3139 Lisa Guerrera • CALBRE#01934759 • 707-333-9656 $499,000

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HALF MOON BAY

Located outside Half Moon Bay in the quaint community of El Granada. Coastline and harbor views abound from the spacious deck, breakfast area and living room. This split level home features four bedrooms, three full baths, cozy living room with fireplace. Lower level maintains large tiled combo family-room with fireplace, breakfast area and kitchen with sliding glass doors leading to its own deck. There is a 3-car garage and a separate parcel is included with the property.

Ron Banasik • CALBRE#00557904 • 707-373-3139 $1,699,950

FAIRFIELD Exceptionally large townhome with three bedrooms, 2.5 baths and more. Formal dining area with fire place in great room and double patio front and rear of unit.

Community pool directly across from unit. Oversize two car garage with inside laundry and more.

Willie Jefferson • CALBRE#01244647 • 707-334-7900 $234,900

March 2015 – 41

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1 Real Estate Publication

October 2014

Over 3 Decades of Presenting Homes of Distinction www.napavalleyregister.com/homes

DECEMBER 2014

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OCTOBER 2014

SEPTEMBER 2014

Distinctive Properties is a specialty publication of Napa Valley Publishing which also publishes the Napa Valley Register, the St. Helena Star and the Weekly Calistogan.

A42 — Distinctive Properties

We Offer the Most Comprehensive Home Search Web Site in Napa County! www.napavalleyregister.com/homes

NAPA COUNTY’S MOST RECENT HOME SALES * ADDRESS

RECORD DATE

SALE PRICE

BED

BA

SQ.FT. YR BLT

Single Family

American Canyon 85 DONALDSON WAY

10/27

$415,000

4

3

1,982

1988

202 INDEPENDENCE CT

12/30

$568,000

5

3

3,368

2003

275 CANTADA WAY

12/31

$658,000

6

5

4,525

2009

Single Family

Calistoga 1249 MITZI DR

11/25

$458,500

3

2

1,266

1975

1720 ADELE AVE

12/30

$595,000

3

2

1,658

1962

Single Family

Napa

ADDRESS

RECORD DATE

BED

BA

SQ.FT. YR BLT

Single Family

St. Helena 1707 PARK ST

11/10

$780,000

2

2

1,325

1971

Condos

Napa 1188 PEAR TREE LN

11/12

$67,000

2

3

1,285

1993

18 BRIDGEGATE WAY

11/12

$99,545

2

3

1,187

1998

684 JOLIET WAY

12/31

$275,000

3

3

1,408

1975

8/1

$400,000

2

2

962

1968

1600 ATLAS PEAK RD #443

Condos

Yountville 120 VINEYARD CIR

12/31

$675,000

2

12/31

$272,500

4

2

1,460

1973

21 HOFFMAN AVE

12/31

$340,000

3

2

1,801

1950

3728 JEFFERSON ST

10/29

$342,000

4

2

1,563

1974

483 MANNERING ST

12/30

$395,000

2

1

858

1950

3538 BAXTER AVE

12/17

$425,000

3

2

1,261

1959

2315 BEACH ST

10/31

$426,500

3

2

1,414

1970

2591 WIMBLEDON ST

12/31

$432,000

4

2

1,559

1955

15 BLACK WALNUT LN

12/29

$440,000

4

3

1,732

1996

1212 LEGION AVE

12/19

$445,000

2

1

1,008

1964

1180 RAGATZ LN

367 RANDOLPH ST

11/25

$510,000

3

1

1,164

1910

6190 WASHINGTON ST

311 CASSWALL ST

10/27

$530,000

3

2

1,481

1957

12/4

$560,000

3

1

1,312

1950

4051 BROWNS VALLEY RD

11/12

$560,000

3

2

1,312

1962

3520 JOMAR DR

12/30

$560,000

4

4

2,451

1961

3834 LINDA VISTA AVE

11/24

$579,000

3

2

1,672

1956

3751 ARGYLE ST

12/12

$580,000

4

2

1,785

1971

6 SUMMERBROOKE CIR

12/30

$642,000

4

3

2,768

2000

23 S NEWPORT DR

12/31

$650,000

4

3

2,170

1992

1115 WESTRIDGE DR

12/26

$470,000

3

1,154

1191 GREEN VALLEY RD

12/31

$1,725,000

4

3

1,754

3270 CUTTINGS WHARF RD 12/15

$383,636

3

2,712

1980

2

3

1,975

1996

Vineyard Residential

Napa 5/30

$500,000

3

4

2,275

1943

12/30

$2,150,000

3

2

1,844

1969

PURCHASE DATE

SALE PRICE

UNITS YEAR BUILT LOT SIZE

Residential Multi Family

Napa 1631 MAIN ST

11/20

$115,000

3

1910

6,338

1050 ELM ST

11/15

$300,000

11

0

32,496

2241 LOUISA ST

11/13

$605,000

3

1965

7,064

Residential Multi Family

St Helena 990 COLLEGE AVE

2008

Rural Residential

Southern County/Carneros

*As recorded at the Napa County Tax Assessors Office / John Tuteur (707) 253-4459 / Property sales reported may include partial interest transfers; sales that are included with other properties; sales that are less any liens on property.

1977

Rural Residential

Napa

ADDRESS

2

Rural Residential

Berryessa

4421 MEADOWLARK DR

2 BONITA AVE

SALE PRICE

12/23

$2,953,500

8

0

0

www.napavalleyregister.com/pages/homes

March 2015 – 43

of advertisers

Calistoga Realty Co., Inc. 1473 C Lincoln Avenue Calistoga, CA 94515 707.942.9422 www.calistoga-realty.com

Coldwell Banker BOV - Carolyn Roberts ................................... 2

WCG - Linda Alioto.................................................................. 3

CeCe Short California Outdoor Properties 4338 Berryessa Knoxville Road 2015 Redwood Road, Napa 707.337.0224

Yvonne Rich Exclusive Estates ................................................ 4-7

Calistoga Realty Co., Inc. ..........................................................11

St. Helena Real Estate ...............................................................13

Terra Firma Global Partners .....................................................15

Gates Estates....................................................................... 19-21

Windermere Real Estate...................................................... 24-25

Pacific Union - Julie Larsen ................................................. 26-27

Terra Firma - Wunderlich .........................................................29

www.cbnapavalley.com

Napa 1775 Lincoln Avenue Napa, CA 94558 707.258.5200 St. Helena 1289 Main Street St. Helena, CA 94574 707.963.1152 Sonoma 800 Broadway 707.996.3232

Eagle Vines Realty 4381 Broadway/Hwy 29, Ste. 104 American Canyon, CA 94503 707.649.8088 www.EagleVinesRealty.com

Heritage SIR - Jill Levy .............................................................31

Pinnacle Mortgage ....................................................................33

Wine Country Group ................................................................35

Pinnacle Capital Mtg Corp 700 Irwin St., #300 San Rafael, CA 94901 707.244.1460 Sean Marek, Manager Loan Specialist SMAREK@PCMLOAN.COM

Eagle Vines Realty............................................................... 40-41

Coldwell Banker BOV - Carolyn Roberts ............................ 46-47

Heritage SIR - Gary Rose........................................... Back Cover

44 — Distinctive Properties

Faye Guman Real Estate Services Faye Guman, Broker/Owner Napa, CA 707.255.5316

Napa Valley real estate Gates Estates 6550 Washington Street Yountville, CA 94599 707.944.0888 www.gatesestates.com

Sonoma County Offices 802 Fourth Street Santa Rosa, CA 95404

Jack Goodwin Real Estate Services Jack Goodwin, Broker/Owner 707.257.0443 Fax 707.257.1134

10 Maple Street, Suite 102 Sonoma, CA 95475

Napa 780 Trancas Street Napa, CA 94559 707.255.0845 St. Helena 1126 Adams Street St. Helena, CA 94574 707.255.0845

130 Petaluma Avenue, Suite 1C Sebastopol, CA 95472 Six C Street Petaluma, CA 94952

Napa County Offices 1405 Second Street Napa, CA 94559 420 La Fata Street, Suite 204 St. Helena, CA 94574

Wilson & Wilson Napa, CA 94559 707.257.2007 www.billandbernie.com

R E A L E S TAT E

Napa 944 Main Street Napa, CA 94559 707.251.8805 St. Helena 1508 Main Street St. Helena, CA 94574 707.967.1340

www.pacunion.com

Windermere 1040 Third Street Napa, CA 94559 707.226.1823 www.windermerenapavalley.com Petaluma 775 Baywood Drive, Ste. 100 Petaluma, CA 95954 707.769.0600

Mt. St. Helena Realty 1705 Washington St., Suite J Calistoga, CA 94515 707.942.6225 Email: vino4x4@aol.com Dave Johnson Napa Residential Realty 727 Lincoln Avenue, Ste. A Napa, CA 94558 707.226.1400

www.terrafirmaglobalpartners.com

1041Redwood JeffersonRoad Street, Ste. 2 2015

www.heritagesir.com HomeStreet 2001 Jefferson Street, Suite A Napa, Ca, 94559 707.815.7833 judy.bickell@homestreet.com

@ The ARTHouse, 13758 Arnold Drive Glen Ellen, CA 95442 Marin County Office 523 Fourth Street, Suite 218 San Rafael, CA 94901 800-681-1361/888-864-4133

Bodega Bay 850 Highway 1 Bodega Bay, CA 94923 707.875.9100 Cloverdale 233 N. Cloverdale Blvd.

Cloverdale, CA 95425 707.894.1575 Healdsburg 119 North Street Healdsburg, CA 95448 707.431.9440 Napa 1130 Main Street Napa, CA 94559 707.265.1600

Santa Rosa 50 E Street Santa Rosa, CA 95404 707.542.9200 Sebastopol 7300 Healdsburg Ave., Ste. B Sebastopol, CA 95472 707.829.2011 Sonoma 470 First Street, East Sonoma, CA 95476 707.939.2000 St. Helena 1316 Main Street St. Helena, CA 94574 707.963.5266

winecountrygroup.com

St. Helena Real Estate 1346 Main Street St. Helena, CA 94574 707.967.9570 www.sthelenarealestate.com

March 2015 – 45

Country Contemporary You’ll find Peace and Tranquility on this lovely 5 acres of total privacy. 5 Bedrooms, 4 bath and 3,270 square feet of contemporary style with cathedral ceilings, expansive master suite, walls of glass, and guest unit with separate entrance. Extensive decking for outdoor enjoyment.

Offered at $1,395,000

Napa Valley Paradise Home inspired by Frank Lloyd Wright’s “Falling Water” residence and a setting like the Sacred Pools of Hana, Hawaii. Spectacular views of waterfalls. Privacy and seclusion. 2 Spacious Master Suites.

A world away and only 3 miles to the city of Napa. www.GreenValleyRoad.com Offered at $1,395,000

Silverado Resort Home Single level home on large .49 acre lot. 3 Bedroom, 2.5 bath with rich wood floors, vaulted ceiling in living room. 2 Fireplaces. French doors lead out to decking and beautifully landscaped backyard. Separate golf cart garage, and transferable club membership.

Offered at $925,000

1.57 Acre Creekside Setting Country cottage tucked away on a quiet dead end street. 2Bd/2BA spacious home with covered wrap around deck. Oversized, detached 2 car garage with bonus room above and a 900+ sq. ft. shop. Plenty of room for all the toys, yet minutes to downtown.

Offered at $779,999

Browns Valley Beauty Captivating Single level home on tree linedstreet.Beautifulhardwoodfloors,totallyupdatedkitchen with Black Galaxy granite counters, stainless appliances and Maple cabinets. Updated bathrooms. Backyard patio with restful water feature and new landscaping.

Offered at $599,000

Desirable Silverado Resort Location Close to parking, the main pool and spa, and mansion. Rare end unit with no unit above. It is also attached to another ground level studio unit. Views over a lovely common are with large fountain. Enjoy that resort living has to offer.

Offered at $450,000

Carolyn Roberts BROKER/OWNER 707-258-5248 croberts99@aol.com www.carolynroberts.com N A P A • S T . H E L E N A A46 — Distinctive Properties

cbnapavalley.com

•

S O N O M A

Classic Style in the Heart of the Wine Country Wonderful corner lot and west side location. This beautiful single level St. Helena home offers hardwood floors, and living room fireplace. Fantastic backyard patio with in-ground pool, outdoor kitchen with refrigerator, BBQ, and plenty of room for entertaining. The master suite has a spa-like master bath with both jetted tub and large shower, 2 separate vanities, and an amazing walk-in closet with custom built-in storage. Large side yard gives you plenty of room for all of your toys. MLS# 21502706

Offered at $998,000

Carolyn Roberts BROKER/OWNER 707-258-5248 croberts99@aol.com www.carolynroberts.com N A P A • S T . H E L E N A

cbnapavalley.com

•

S O N O M A March 2015 – A47

EACH OFFICE INDEPENDENTLY OWNED & OPERATED

A

rtfully uniting extraordinary properties with extraordinary lives.

White Cliff Ranch

Dream about and plan your private Napa Valley Estate among the pristine 163 acres of this former historic resort. Vineyard views, abundant flora, fowl and 7 existing mineral springs will serve as your catalyst to create the magical estate of your dreams. Offered at $895,000

COMING SOON..... Please call for details.

• Browns Valley - "Single Level" 3BR/2BA 1,874 sf. $550-$580,000 • East Side - "Country" 1.01 Acre 4BR/2BA 2,311 sf. $800-$850,000 • Historical Craftsman 3BR/1BA 1,440 sf. $530-$540,000 • “Willowbrook” Senior Community 3.5BR/2.5BA 1,600 sf. $370-$380,000 • West Napa - Hardwood floors and large lot 3BR/1BA 1,018 sf. $430-$450,000 • West Park Area - 3BR/2BA 1,243 sf. $470-$490,000

Measuring Our Success By....

The People We Help

Gary Rose

CalBRE# 00940226 A48 — Distinctive Properties

707-256-2147

For all Napa listings go to www.silveradohomes.org