The Oklahoman Real Estate
-
Upload
opubco-communications-group -
Category
Documents
-
view
234 -
download
4
description
Transcript of The Oklahoman Real Estate
FREAL ESTATESATURDAY, JULY 3, 2010 THE OKLAHOMAN | NEWSOK.COM
INDEX
Harney 3FCarter 5FHandy 8FPermits 10F
The Stapleton is aCraftsman-inspired, countrycottage-style home withplenty of room for family andfriends.PAGE 4F
HOUSE PLAN
Country cottageThe Listing of the Week isa Dallas-style home on acorner lot with a lakeview in the Meadows atRiver Bend addition innorthwest OklahomaCity.
PAGE 4F
LISTING OF THE WEEK
Lake view
Ford model AshleyGraham says herstyle of decorating is“simplicity and gold.”
PAGE 4F
BRIEFS
NICKELODEONDESIGNSFURNITUREYour children’s favor-ite Nickelodeoncharacters are bring-ing their style to afurniture line fromLea Industries. Nick-elodeon Roomsoffers bedroomfurniture featuringmotifs and charac-ters from showsincluding “Sponge-Bob SquarePants,”“Dora the Explorer”and “Go, Diego, Go!”The line comprisesthree collections:Nick, aimed at ages3 to 7; TweenNick,for ages 8 to 11; andTeenNick, for teensand beyond. Thepieces are designedfor children in thoseage groups. TheTeenNick collectionoffers storage forelectronics. To findretailers, go towww.nickelodeon-rooms.com.
BOOKENCOURAGESCREATIVITY“DIY Art at Home” isa guide to creatingartwork for those ofus who lack thecreative part. In thebook, designer LolaGavarry explainshow to make in-expensive, contem-porary wall art oncanvas. Templatesare included, so youdon’t even have toworry about tryingto replicate the de-signs freehand. In-cluded are designsfor living rooms,kitchens, bedrooms,home offices andwhat Gavarry calls“youthful spaces.”“DIY Art at Home:28 Simple Projectsfor Chic Decor onthe Cheap” is pub-lished by Watson-Guptill and sells for$21.99 in softcover.
FROM WIRE REPORTS
Since the recession be-gan and a wave of frugalityswept the nation, theownership of very largehouses, especially thosewith more than 4,000square feet of living space,has become less popular,according to housing spe-cialists.
“In some areas, largehouses are frowned onright now. One reason isthe sheer cost of cooling,heating and maintaining abig house. Another is theirenvironmental impact,”said Fred Meyer, a real es-tate broker and consumeradvocate.
Still, Meyer said manyhomebuyers still hankerfor a house with plenty ofelbow room. Some seeksuch a property to accom-modate a large family withboisterous school-agechildren. Others, keen onworking from home, seekhome offices.
“There’s something be-
guiling about big houses.Bigger is always better inAmerica, assuming youcan afford it,” said JamesW. Hughes, a housing ana-lyst and dean of the Ed-ward J. Bloustein School ofPlanning and Public Policyat Rutgers University.
Do you have solid rea-sons for buying a bighouse, along with the fi-nancial means to supportthe mortgage and mainte-nance costs? Also, do youintend to occupy the prop-erty for an indefinite peri-od? If so, now could be anopportune time to make alarge home purchase for afavorable price, Hughes
said.But he cautions that big
house buyers should bevery careful to screenneighborhoods and prop-erties to ensure the futuresalability of the place theybuy now.
Here are pointers forthose now contemplatingownership of a spaciousplace:
› Choose the strongestneighborhood you can af-ford.
“Affluent areas, withstrong amenities, are usu-ally on the leading edge ofany recovery. That’s be-cause these are prestigiousplaces where people al-ways aspire to live,”Hughes said.
Those seeking to buy alarge house might get anexcellent deal on a fore-closed property. But,Hughes said it can be aperilous choice to buy inan area where foreclosuresare numerous.
“It can take a long timefor a neighborhood likethat to regain its reputa-tion,” he said.
His rule of thumb: It’sbetter to compromise andbuy a smaller house in astronger neighborhoodthan the reverse.
› Look for excellentpublic schools.
You can check on schoolquality through youragent, who should be will-ing to provide you with alarge volume of statisticsthat compare schools ontest scores, high schoolgraduation rates and otherquantitative factors. Youcan also make an appoint-ment to visit schools to seehow they fare on the in-tangibles, like the warmthand receptivity of teachersand staff.
In addition, for a fee youcan buy detailed online re-ports on local schoolsthrough a service such asSchoolMatch
(www.schoolmatch.com),a research organization fo-cused on comparativeschool quality.
› Gear your purchase tothe needs of your house-hold.
Meyer said many par-ents of school-age chil-dren want a house with alarge master suite that’ssegregated from the clus-ter of bedrooms wheretheir children reside.
Empty-nesters can becandidates for large hous-ing, which is particularlylikely if both spouses oper-ate a home-based businessor telecommute.
In addition, Meyer said“it’s not uncommon foraffluent buyers over age 65to seek a big house withmultiple bedrooms wherethey can put up lots of vis-iting family members.”
E-mail Ellen James Martin [email protected]
UNIVERSAL UCLICK
Screen big home carefully before buyingEllenJamesMartin
SMARTMOVES
LUTHER — As the founder of Ed-mond Security Inc., it’s Paul Con-rady’s business to stay up to dateon the latest in home surveillanceand electronics technology.
But it was “green” home con-struction technology that firedConrady’s imagination and in-spired him and his wife, Sharon, tobuild a 7,000-square foot, superenergy-efficient home in Luther.
In his quest to attain the covetedLeadership in Energy and Envi-ronmental Design certification,which can be attained by using en-vironmentally friendly buildingpractices, Conrady said, “I’veeducated myself.”
Now he hopes his project,which is pending Leadership inEnergy and Environmental DesignSilver certification, will help edu-cate others.
The Conradys decided to buildon 40 acres northeast of Arcadiafor three reasons.
First, Conrady said, “I wantedto build a home — but only if Icould build (green) like this.”
Second, the Conradys wantedto build a suitable home for theirdaughter, Kaycee, 29, who worksfrom home but is restricted to amechanical chair because of sy-ringomyelia, a spinal defect.
Last, Conrady wanted a live-work space for his business pur-suits, current and future.
So the Conradys built threehouses — only they put them allunder one roof.
The partially-subterranean firstfloor is Kaycee’s house — an open-layout kitchen and living roomwith sliding doors and windowsthat look out across a pond andthe surrounding property.
Kaycee’s bedroom suite is adja-cent, outfitted with her computerworkstation and a fully automatedbathroom with a roll-in shower.
Conrady said he “automatedeverything” — pushing a button tocall the self-opening elevator tothe upper floors that gives Kayceeeasy access to the entire house.
The middle floor, at ground lev-el, is laid out similar to Kaycee’sapartment, featuring a customkitchen flowing into an expansiveliving room divided by a central is-land.
The Conrady’s master suiteflows into two other bedrooms.One is now in service as a “grand-
kids room,” Sharon said, and theother serves as a storm shelter-safe room.
The top floor, under a cathe-dral-style ceiling of vaulted roofbeams, is an open expanse, morethan 2,000 square feet that func-
tions as Conrady’s home office.Numerous innovations in the
home earned it points towardLeadership in Energy and Envi-ronmental Design certification,which is awarded by the U.S.Green Building Council, said An-drea Palmer, national program co-
ordinator for Oklahoma City-based Guaranteed Watt Saver Sys-tems Inc., an engineering-con-sulting-inspection firm for pro-jects like the Conradys’.
They include:
FAMILY HOPES DESIGN WILL SETPRECEDENT FOR GREEN HOMESBY TIM FALLSpecial [email protected]
Paul and Sharon Conrady’s 7,000-square-foot home at 21601 N Indian Meridian in Luther is pendingLEED Silver certification. LEED stands for Leadership in Energy and Environmental Design, the guide-line of the U.S. Green Building Council.
PHOTO BY PAUL HELLSTERN, THE OKLAHOMAN
Paul and Sharon Conrady enjoy the view from the third-story balco-ny of their “green” home.
PHOTO BY PAUL HELLSTERN, THE OKLAHOMAN
GREEN PRACTICES
Certificationpractices listed
According to the U.S.Green Building Council,construction and renovationpractices used for Lead-ership in Energy and Envi-ronmental Design certifica-tion include:› Using recycled material.› Eliminating or reducing
the amount of waste leav-ing a job site.› Reusing existing materi-
al.› Using sustainable build-
ing materials. › Using low-emitting ma-
terials such as caulk andsealers.
SEE GREEN, PAGE 2F
Mi-LingStonePoole
ASKMI-LING
Simplygolden
2F SATURDAY, JULY 3, 2010 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE
› Smart electrical metering, to control the home’spower consumption.
› A central vacuum system, filtered and exhausted tothe outside.
› Reverse osmosis water filtration.› Geothermal heating and cooling, which feeds a Mar-
athon water heater that Palmer estimated has a “98-per-cent efficiency rating.”
To install the roof, the upper floor’s ceiling, Conradysaid it took 30 hours to place structured insulated panels— 12-inch-thick sandwiches of particle board and Styro-foam — then 40 hours to caulk the seams between panelsand beams, sealing the house so tightly that fresh air hasto be brought in through a separate system.
“In the average house, 90 percent of air loss is throughthe roof,” said Curtis Maxwell, national sales and mar-keting director for Guaranteed Watt Saver.
Maxwell conducted a “blower door test” to detect airleaks in the home’s three thermal envelopes, and fromwithin the heating and air-conditioning ductwork. Theresult?
“About 5 percent loss,” Maxwell said, “incredible.”Another test, the home’s Air Change per Hour, came
back at 0.86. Palmer explained that means the home issealed so well that air inside is replaced less than once perhour. In the average home, air exchanges at the rate offive times per hour.
Conrady sighed in relief.“You don’t know how much caulk I spread to get that
number,” he said.In a home that ended up costing “around $140” per
square foot to build, why all the trouble to save a few dol-lars on the energy bill?
Conrady said he was dismayed that homes “have beenbuilt the same way for the past 100 years. Where theworld is headed, we have to reduce our energy consump-tion.”
Ultimately, Conrady said he trusts that “the long-termpayback will offset construction costs.”
That part of the equation is working. Conrady’s big-gest Oklahoma Gas and Electric bill so far was $290 — fora 7,000-square-foot house, counting last winter and itsespecially brutal conditions.
FROM PAGE 1F
Green: Technology yields savings
Left: Paul and Sharon Conrady’s home at 21601 N Indi-an Meridian is “green,” which is unusual for such alarge home. It has 7,000 square feet.
PHOTO BY PAUL HELLSTERN, THE OKLAHOMAN
Curtis Maxwell, with Guaranteed Watt Saver Sys-tems, uses a blower door test to check for air infil-tration into the Conrady home.
PHOTO BY PAUL HELLSTERN, THE OKLAHOMAN
The Conrady home includes this automated elevator.PHOTO BY PAUL HELLSTERN, THE OKLAHOMAN
A blower tests the duct system for leaks in Paul andSharon Conrady’s home.
PHOTO BY PAUL HELLSTERN, THE OKLAHOMAN
Left: The Conrady home has apositive-pressure fireplace.This type of fireplace systempushes heat more evenlythroughout a home by usingoutside air for both heatingand combustion. Increased airpressure in the home reducesdrafts coming in through theleaks and cracks.
PHOTO BY PAUL HELLSTERN,THE OKLAHOMAN
THE OKLAHOMAN | NEWSOK.COM SATURDAY, JULY 3, 2010 3FREAL ESTATE
Short sales have been the hotsolution for financially stressedhomeowners and their lendersfor the past year, but here’s an-other potent foreclosure alterna-tive that’s about to take centerstage: deeds-in-lieu.
Some of thelargest mortgageservicers andlenders in thecountry are gear-ing up campaignsto reach out tocarefully targetedborrowers withcash incentivesthat sometimes range into fivefigures, plus a simple message:
Let’s bypass all the time-con-suming hassles of short sales andforeclosures. Just deed us the ti-tle to your underwater home andwe’ll call it a deal. We won’t comeafter you to collect any deficiencybetween what you owe us on themortgage and what we obtainfrom the home sale. We mighteven be able to wrap up the wholetransaction in as little as 30 to 45days. How about it?
Mortgage companies say trou-bled borrowers increasingly are
signing up. One of the largestservicers, Bank of America, hasmailed out 100,000 deed-in-lieusolicitations to customers in thepast 60 days, and its volume ofcompleted transactions is break-ing company records, according
to officials.What precisely
are deeds-in-lieu?The full name isdeeds-in-lieu-of-foreclosure. Theyare voluntarytransfers of prop-erty ownershipfrom borrowers to
creditors that make court-di-rected foreclosures unnecessary.
The concept is one of the ol-dest in real estate, but it got aboost earlier this year when theObama administration includedit as an option in its Home Af-fordable Foreclosure Alternativesprogram, and mortgage giantFannie Mae cut the penalty-boxtime for homeowners who usethe technique from four years totwo before they can qualify foranother home mortgage.
Deeds-in-lieu also are surgingbecause they provide a win-win
for borrowers and mortgage in-vestors that short sales oftencannot match. Tops on the list:speed. Travis Hamel Olsen, chiefoperating officer of Loan Resolu-tion Corp., a Scottsdale, Ariz.,firm that works with lenders tosolve troubled borrowers’ prob-lems, said deeds-in-lieu repre-sent “a very expeditious way tomove on” for underwater bor-rowers who are facing potentialforeclosure.
“A lot of owners just want to befinished with it, now,” he said.“They don’t want to deal with(the house) anymore.” Theydon’t want to deal with real es-tate agents or signs on the frontlawn that reveal their financialsqueeze to neighbors. They don’twant to haggle with potentialbuyers coming in with lowballprices. But they also don’t wantto simply walk away — strategi-cally default — because that willcrater their credit files and scoresfor as long as seven years.
Greg Hebner, president ofMOS Group Inc. of San Diego,which also works with banks andinvestors across the country toresolve defaulting borrowers’ sit-
uations, said a key motivationnow is that lenders are stuck withmassive backlogs of underwaterhomes that haven’t yet gonethrough foreclosure and been puton the market — the so-calledshadow inventory.
Not only is it cheaper for themto do deeds-in-lieu to gain con-trol of those properties, but withcurrent mortgage rates below 5percent, they’re likely to be ableto resell them faster and on po-tentially more favorable terms inthe summer and fall.
“If you can get a lot of invento-ry moving in the next couple ofmonths” of prime home-buyingseason, Hebner said, “you aresolving a lot of problems.”
Matt Vernon, Bank of Ameri-ca’s top short sale and deed-in-lieu executive, said the techniqueworks so well for both borrowersand mortgage owners that hiscompany is running pilot pro-grams in major housing marketsto alert borrowers who mightbenefit but are not familiar withdeeds-in-lieu.
To sweeten the pot, Bank ofAmerica is offering cash incen-tives that range anywhere from
$3,000 to $15,000 and is getting astrong response, according toVernon.
What are the downsides orlimitations of deeds-in-lieu forhomeowners? Probably the mostimportant, say experts, is thatthey don’t work for every situa-tion involving serious mortgagedefault. For example, if you haveequity in the property, you’llprobably want to pursue a loanmodification first, then a shortsale, rather than hand your equi-ty stake over to the lender.
Deeds-in-lieu usually don’twork when there are multiplemortgages from different cred-itors encumbering the property.Also, though deeds-in-lieu doless damage to borrowers’ credithistories than foreclosures orbankruptcies, they definitelyleave a mark. Fair Isaac, develop-er of the widely used FICO creditscore, says on its “MyFico” web-site that deeds-in-lieu and shortsales are both treated as “notpaid as agreed” accounts, and aretreated the same by the FICOscoring model.E-mail Ken Harney at [email protected].
WASHINGTON POST WRITERS GROUP
Deeds-in-lieu alternative gaining favor
KennethHarney
THE NATION’S HOUSING
Reality show star andmotorcycle manufacturerJesse James, the estrangedhusband of Oscar-win-ning actress Sandra Bull-ock, has listed his OrangeCounty, Calif., home ofeight years for $6.75 mil-lion.
The beachfront Medi-terranean sits along thesand in Sunset Beach on agated corner lot with viewsof the ocean, Catalina, theLong Beach skyline andthe Palos Verdes Peninsu-la. A stone path leads pasta fountain to the double-door entry of the two-sto-ry villa.
The great room featuresstone floors, coved ceilingsand an oversized fireplacewith a stone surround andmantel. A crescent-shaped island with barseating and a food prep ar-ea with sink separates theliving and dining areasfrom the kitchen, which
has granite counters, ma-ple cabinets, stainless-steel appliances and awalk-in pantry. There arefour bedrooms, four bath-rooms and a powder roomin 3,600 square feet.
The second-story mas-ter suite with beam ceilingincludes a fireplace, awalk-in closet, his andhers vanities and a custombrass spa tub. A media/game room, a wet bar, anoffice and en suite guestroom complete the secondfloor.
Designed for entertain-ing, a glass-enclosed lanaiwith a swimming pool, agrotto, a waterfall, a wa-terslide and automated tikitorches overlooks thebeach.
The three-car garagehas built-in tool storageand space for a workshop.A state-of-the-art securi-ty system includes multi-ple cameras and video andaudio systems.
James bought the prop-erty newly remodeled in
2002 for $3.6 million. Heand Bullock had lived inthe home since their 2005wedding. The pair sepa-rated in March followingreports that James hadbeen unfaithful, a fact heacknowledged on ABC’s“Nightline” with a simple“yep.” Bullock filed for di-vorce in May in Texas.
Jesse James is poppingwheelie out of Sunset BeachBY MCCLATCHY-TRIBUNEINFORMATION SERVICES
4F SATURDAY, JULY 3, 2010 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE
The Stapleton is aCraftsman-inspired,country cottage-stylehome. It is equally well-suited for construction in asuburban neighborhood oras a vacation retreat withplenty of room for familyand friends. It has aground-level owners’ suiteand three bedrooms, plus abath and bonus room onthe second floor.
Stone veneer bases drawattention to slender wood-en posts that support avaulted entry porch with anostalgic stick-work ga-ble. Craftsman windows,multipaned at the top, or-nament the front facade,while shake-textured sid-ing draws attention to theupper triangles of the sidegables.
Family living spaces fillthe entire front of the
ground floor, with thefoyer at center. The foyer iscompletely open to the liv-ing room on the left, whilethe right leads into thedining room and kitchen.Stairs to the upper floor areopposite the front door.
The large country kitch-en creates a natural centerfor day-to-day family liv-ing. This layout is ideal forthe multitasking requiredof contemporary parents.Kitchen workers can keeptabs on children playingout front, supervise thehomework scene at thedining table, and tend tolaundry in the nearby util-ity room, all while prepar-ing the meals needed tokeep everyone happy andhealthy.
The centrally locatedbathroom and utility roomdo double duty, serving as
sound buffers for the own-ers’ bedroom at the rear.Sliders in the bedroom,along with another set inthe living room, access apartially covered patio.
Three more bedroomsplus a bathroom, linencloset and huge bonusroom are upstairs. TheStapleton’s bonus roomcould be used for storageor outfitted as music or artstudio or whatever strikesyour fancy.
For a review plan, in-cluding scaled floor plans,elevations, section andartist’s conception, send$25 to Associated Designs,1100 Jacobs Drive, Eugene,OR 97402. Please specifythe Stapleton 30-478 andinclude a return addresswhen ordering. For moreinformation, call (800)634-0123.
HOUSE PLAN
Craftsman-inspired homefocuses on living spaces
The Listing of the Weekis a Dallas-style home on acorner lot with a lake viewin the Meadows at RiverBend addition in north-west Oklahoma City.
The 1,700-square-foothome has three bedrooms,two baths, one dining areaand an attached three-cargarage. The open living ar-ea has vaulted ceilings anda built-in sound system.The kitchen has a bay win-dow, breakfast bar and
pantry with an etched-glass door. The masterbath has two walk-in clos-ets, a jetted garden tub anddouble vanity. The homehas a covered patio, deco-rative pond and securitysystem.
The home, built in2003, is listed for $186,000with DaOnne Olson of Dil-lard Group Real Estate. Formore information, call919-7930.
Nominations for Listing
of the Week are welcome.Send information on sin-gle-family homes to TheOklahoman, Richard Mize,P.O. Box 25125, OklahomaCity, OK 73125. Nomina-tions may be faxed to 475-3996.
LISTING OF THE WEEK
The Listing of the Week is at 7312 Chelsey Lane. PHOTO PROVIDED
Dallas-style house offers viewof a lake, 1,700 square feet
New York is well-knownas the fashion capital of theUnited States. Many topmodels use the city as theirbase while traveling to Pa-ris, London, Germany andSouth Africa to work.
I recently spoke withFord model Ashley Gra-ham, who has been living inNew York since she was 15.What a big change for asmall-town girl from Ne-braska who was discoveredin a shopping mall and laterwent on to become a topplus-size model for LaneBryant, Nordstrom’s,Bloomingdale’s, Old Navyand Liz Claiborne, to namea few.
Graham, who is knownfor her style off and on therunway, recently was askedto give style advice on theMTV series “Made” and inVogue’s “Shape” issue. Shealso has been featured inGlamour and O magazines.
After meeting Ashley inCalifornia recently, I wasbetting that the style of her
apartment was casual andcomfortable. After workingall day, she came to dinnerwith me and my familydressed in a casual andcomfortable black two-piece pants set with a longblack jacket. But what im-pressed me the most wasthe fact that she wore no orlittle makeup.
I asked Ashley what herdecorating style was and shesaid, “Simplicity and gold.”
She described her NewYork apartment, indeed, ascasual and comfortable.She said the focal point inher home is a large graysectional sofa. It soundsperfect for relaxing after jetsetting all over the world.She loves jewel tones as
well and said she incorpo-rated dark maroon, beige,purple, black and gold intothe space.
Like many of us, her ca-sual personal style reflectsthe decor in her home. Sowhen it doubt, go to yourcloset and think about yourstyle before you start yournext design project.
Now go out and createyour own unique comfortzone!
Mi-Ling Stone Poole is the author of“Ask Mi-Ling! When You Want theTruth About Decorating.” You can listento her radio show, “Mi-Ling’s ComfortZone,” from noon to 1 p.m. Sundays onKTOK-AM 1000. If you have adecorating dilemma, e-mail her atwww.Mi-Ling.com.
Closet can guide designMi-LingStonePoole
ASKMI-LING
CONTESTCheck out Mi-Ling’saudition video onOprah.com and votefor her to win herown talk show. Go to“Your Own Show,”then click “Browse &Vote” and vote andtype in Mi-Ling.
Cathi Palumbo has joinedPrudential Alliance Realty,4101 NW 122, as a residentialreal estate sales associate.
She is a lifetime resident ofthe metro area and has beenselling real estate for the pastfour years. She has earned theGraduate Realtor Institute,Certified Home MarketingSpecialist and Short Sales andForeclosure Specialist profes-sional designations.Cathi Palumbo
Prudential Alliance adds Palumbo
MeChelle Carter hasjoined Paradigm Advan-tEdge Real Estate, 16301 NMay Ave., as a residentialreal estate sales associate.
Carter has sold real es-tate for three years andpreviously worked in homehealth care.
MeChelle Carter
Carter joinsParadigmSusie Murphy has rejoined
Paradigm AdvantEdge RealEstate, 16301 N May, as a resi-dential real estate sales asso-ciate.
The Oklahoma City nativeholds a business managementdegree from Cameron Uni-versity and worked in bankingbefore going into real estate 16years ago.
Murphy rejoins Paradigm
Susie Murphy
THE OKLAHOMAN | NEWSOK.COM SATURDAY, JULY 3, 2010 5FREAL ESTATE
Q: Do you believe thehousing crash could havebeen predicted or was itsomething that occurred“out of the blue”? Howwould you have predict-ed this event?
A: I have read nine booksabout the subprime crisisand its aftermath. Three ofthese were the subjects ofmy book reviews writtenfor the American Real Es-tate Society. Better still, Iparticipated in several an-nual finance and real estateconferences over the pastseveral years, and had thechance to personally speakwith such noted experts asFrank E. Nothaft, chiefeconomist for FreddieMac. My curiosity was alsoaroused by events happen-ing all around me, living inSouth Florida and seeing
firsthand the effects of thehousing crisis. Only LasVegas and Phoenix havehad worse problems withhousing.
At this juncture I am ofthe opinion that the hous-ing crisis could have beenpredicted, or more pre-cisely, should have beenpredicted.
First, there were just toomany instances thatcropped up of people goingout their way to signal thatthey expected this crisis to
occur.In Gellian Tett’s book
“Fool’s Gold,” the authorcites an example of an in-vestor, Andrew Feldstein,who made a small fortunebetting that home mort-gages would default. At anacademic conference inMonterey, Calif., threeprofessors gave a paper onwhy mortgage-backed se-curities were mispriced.They gave an explanation
in some detail how pen-sion funds and otherguardians of public fundswere misled into believingtheir investments weresafe. Feeling it was theircivic duty, the professorspassed their findings on tothe federal government, tono avail. There are otherexamples I could cite.
Second, there was aclear measure of the hous-ing bubble that formed,
which should have beenobvious if people paid at-tention. A measure thatstocks are overpriced is anabnormal price-to-earn-ings ratio. A stock’s price-to-earnings ratio in normaltimes might be 15 — that is,the price per share is 15times the company’s earn-ings per share. In timeswhen it’s overvalued, suchas during the dot-combubble of 1995-2000, thatratio may reach 30.
Houses don’t have earn-ings. Economists have de-veloped the concept ofowners’ equivalent rentand the Bureau of LaborStatistics uses the measureof owners’ equivalent rentas part of the ConsumerPrice Index to figure con-sumer inflation. The rea-son for using the measure
of equivalent rent is to dif-ferentiate that part of theConsumer Price Indexrepresenting housing con-sumption from more vola-tile housing price mea-sures, some part of whichrepresent personal invest-ment (not consumption).The Bureau of Labor Sta-tistics has understood thisfact and made accommo-dation for it since 1980.From 1987 to 2005, theprice-to-rent ratio aver-aged 15, while during thehousing bubble, 2005 to2007, the ratio jumped toroughly 20.
Charles Carter specializes in real estateanalysis after years of experience as aprofessor, real estate lawyer andappraiser. He is a consultant at HaintBlue Realty in Mount Pleasant, S.C.Readers may send questions [email protected].
MCCLATCHY-TRIBUNEINFORMATION SERVICES
Housing crash should have been predictedCharlesCarter
REAL ESTATE Q&A
First, there were just toomany instances that croppedup of people going out theirway to signal that theyexpected this crisis to occur.
SACRAMENTO, Calif. — Lots of people willwant to get in on this one: California is go-ing to use federal money to pay down themortgages of struggling homeowners.
The California Housing Finance Agen-cy said it will spend $420 million to trimindividual mortgages by up to $50,000.Lenders will be asked to match theamount, a deal that could make thou-sands of mortgages newly affordable.
The program, launching Nov. 1, will beon a first-come, first-served basis, saidEvan Gerberding, marketing manager forthe agency’s “Keep Your Home” initia-tive.
“Unfortunately, there will likely bemore demand than funding,” she said.
Specifics on the selection process arestill in the works. But the state will exclu-sively fund applicants from low- to mod-erate-income households. In Sacramen-to, for example, that’s expected to meanpeople earning less than $68,000 a year.Borrowers will have to be delinquent or inimminent danger of defaulting, but haveadequate income to continue paying aftergetting the help.
Thousands of Californians who meetthe income guidelines will want in, butone fact will block many.
“This is to help people with purchaseloans,” Gerberding said.
That rules out borrowers whose trou-bles began with cash-out refinanceswhen their homes were worth more thannow. Gerberding said exceptions may be
made for people who refinanced to getlower interest rates. The program also re-quires that homeowners live in the housethey mortgaged.
For years, federal and state govern-ments have rolled out programs to stim-ulate loan modifications, and most haveproved disappointing. California’s newprogram is one of the first large-scale at-tempts at wholesale “principal writedowns,” where loans are shrunk to moreclosely match today’s home values.
“We think it’s encouraging that theytook on principal reduction in the waythat they did, devoting most of the re-sources to it,” said Kevin Stein, associatedirector of the California ReinvestmentCoalition.
The low-income advocacy group hascampaigned for principal reductionssince 2007.
“That’s the real need in California, toaddress the negative equity of borrowersbeing underwater,” Stein said.
The California Housing Finance Agen-cy, the state’s affordable housing bank,estimates it will help 40,000 or morehouseholds avoid foreclosure with princi-pal write downs and other plans unveiledWednesday. In all, the agency received$700 million for the relief programs, partof a $1.5 billion federal initiative to curbforeclosures in the hardest-hit states.
California Gov. Arnold Schwarzeneggerpledged to work with the agency “to en-sure that these programs are implement-ed in a way that assists the greatest num-ber of Californians.”
MCCLATCHY-TRIBUNE INFORMATION SERVICES
California to help pay downhomeowners’ mortgage debtBY JIM WASSERMANThe Sacramento Bee
DEAR BARRY: Wepurchased our home twomonths ago after hiring aprofessional home in-spector. After moving in,we had plumbing prob-lems with the drains. Theplumber we called wants$9,000 for a new sewermain to the street. Theold clay pipes are cracked,full of roots and need tobe replaced.
We feel that somethingshould have been dis-closed about this, by thesellers or our home in-spector. Further investi-gation has revealed a newdrain cleanout in thebackyard, covered with atarp and overlaid withtree limbs, as thoughsomeone didn’t want it tobe noticed. We believe thesellers were having prob-lems with the main sewerline, had installed a newcleanout to deal withblockages, and failed todisclose this condition.What do you think aboutthis?
Dusty
DEAR DUSTY: Theproblem with claims ofnondisclosure by sellers isto prove that the sellersknew about the problemand that their intent wasto conceal. In your sit-uation, there are indica-tions that the seller knewabout the problem, and itis possible that the tarpand tree limbs were in-tended as camouflage. Itis also possible thatsomeone was doing yardcleanup and left the un-
finished mess on top ofthe cleanout. The onlyway to know for certain isto acquire additional evi-dence.
In some cases, a neigh-bor is aware of previousissues. For example, if thesellers had routinelycalled a plumber to clearthe clogged sewer main,people in the neighbor-hood might have beenaware of it. Sometimes alocal plumber might re-veal that he serviced theproperty and had told theprevious owners that theyneeded a new sewer main.But in most cases, wit-nesses of that kind arenot available.
Your home inspector’sliability hinges on oneissue: Was the problemvisible and accessible onthe day of the inspection?If so, the inspector maybe liable. If there werevisible signs that the in-spector should have seen,you should call him for areinspection of thoseconditions. However, ifthe drains were all func-tioning properly on theday of the inspection,there may have been noreason for the inspector tosuspect a problem. Andthere would have been no
reason to inspect under apile of tree limbs in thebackyard.
As for the $9,000 re-pair bid, you should ob-tain two more estimatesfor the work. And be sureto contact a plumbingcompany that installs newliners in old pipes. Thatcan be a much less costlymeans of repair.
DEAR BARRY: I needto walk on my tile roof inorder to paint the eaves.How can I do this withoutbreaking the tiles?
SimolaDEAR SIMOLA: If you
have concrete tiles, theyare not likely to break ifyou walk on them cor-rectly. Just be sure to stepon the lower edges of thetiles. Applying weightnear the middle or top ofa tile increases the likeli-hood of breakage. If youhave clay tiles, it is verydifficult to walk on themwithout causing damage.It takes professional ex-pertise to walk on claytiles without breakingthem.
To write to Barry Stone, please visit himon the Web atwww.housedetective.com.
ACCESS MEDIA GROUP
New owners must provesellers hid problemsINSPECTION | PLUMBING WOES ARISE 2 MONTHS AFTER PURCHASE
BarryStone
INSPECTOR’S IN THEHOUSE
6F SATURDAY, JULY 3, 2010 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE
A government audit hasfound that thousands oftaxpayers have fraudu-lently claimed the first-time homebuyer’s credit,and the Internal RevenueService apparently missedthem all.
The fraudulent claims —some from prison inmatesserving life sentences —totaled about $134 million,according to the TreasuryInspector General for TaxAdministration.
Some of the “question-able claims” for refundswere made by 87 IRS em-ployees nationwide, saidMichael R. Phillips, thedeputy inspector generalfor audit.
IRS management said it
agreed with all of the au-dit’s recommendations tostrengthen controls andwill examine returns ofprisoners and “scrutinizeall other inappropriateclaims.”
There were three sets oftax credits.
The first, approved inJuly 2008, was an interest-free loan that offered$7,500 to qualified first-time buyers that would bethen repaid to the Treasuryin $500 increments over 15years.
The second, a maximumof $8,000 for first-timers,didn’t need to be repaid,was approved in February2009 and expired Nov. 30,2009.
On Nov. 5, the tax creditwas extended, and a maxi-mum $6,500 added for
qualified buyers who hadnot purchased a primaryresidence in five years ormore.
The extension expiredApril 30, although buyershad until June 30 to closeon their purchases.
All told, the “workingestimate” of new and ex-isting sales qualifying forall the credits is 4.4 mil-lion, said Walt Molony,spokesman for the Na-tional Association of Real-tors.
Fraudulent claims filedby 1,295 prison inmatesadded up to about $9.1million on 2008 returns.Florida prisons generatedthe highest number ofclaims — 61 percent ofprisoners serving life sen-tences who received thecredit were incarcerated
there.The IRS updates its
prisoners list annually.Some of the prison filerswere incarcerated in be-tween the updates, al-though a check found that86 of a 306-inmate sampledid appear on the IRS list.
Among filers loose onthe streets, 256 used thesame five addresses fortheir claims. In fact, 18,832filers used just 7,695 ad-dresses to claim a total of$134 million in refunds.
Of the 18,832 filings,5,331 were filed by 1,941paid preparers, the auditfound.
About 2,500 taxpayerserroneously received a to-tal $17.6 million in creditsfor houses they bought be-fore the tax credit took ef-fect, the audit found.
Audit uncovers fraudulent home creditsBY MCCLATCHY-TRIBUNEINFORMATION SERVICES
FORT WALTON BEACH, Fla. — This was theyear, Alicia Hollis and her fellow real es-tate agents thought. After a nasty batch ofhurricanes and the bursting of the hous-ing bubble, this was the year that condosales along the Florida Panhandle’s bril-liant white beaches were going to re-bound.
Then came the oil — or more accurate-ly, the mere threat of oil.
Though most of the Gulf Coast remainsfree of tar balls, sheen and sludge from thespill in the Gulf of Mexico, owners andagents say the disaster has still stained ashowcase piece of the real estate market.
It’s the third sucker punch in six yearsfor property owners, many of whom weredepending on rental units to fund their re-tirement. State lawmakers are looking tolet homeowners off the hook on some oftheir taxes, hoping to pass the cost alongto BP.
But things won’t get better as long asimages of oiled sand keep buyers away.
“We can sell places in town — peopleneed a place to live — but the beach: lookhow empty it is,” said Hollis, who’s beenselling homes in the Panhandle since 1973.“It’s so heartbreaking.”
Hollis’ agency based on Okaloosa Is-land, where rows of condos line the beach,typically sells six or seven units a month.It hasn’t sold a single beachfront propertysince the Deepwater Horizon rig explodedoff the Louisiana coast April 20. No one iseven looking, she said.
“It’s scaring people off,” said Dale Pe-terson, who owns a real estate agency inDestin. “It’s a wait and see. It’s the notknowing that’s the hardest part for us.”
The halt in sales comes on top of adownturn in the market. In the Fort Wal-ton Beach area, including Destin, themedian sales price for condominiums was$471,500 in 2005. Last year, that figuredropped to $254,700. Single-family homeprices also dropped, but not as dramat-ically, from a median sales price of$244,500 in 2005 to $192,100 last year.
“We were on our way, too,” Petersonsaid. “Finally on our way up.”
Officials in the region want a speciallegislative session to allow owners to paytaxes on the current property value ratherthan what they were worth before thespill.
“The market value on Jan. 1 is a lot dif-ferent than the market value now,” saidstate Rep. Dave Murzin, R-Pensacola.“The potential buyers, just like vacation-ers, aren’t coming down here because
they think the oil is soaked on the beach-es.”
The state would seek compensationfrom BP PLC for the lost tax revenuecaused by lower values. It’s hard to tell ex-actly how far values have dropped rightnow, but Murzin said it could mean mil-lions of dollars in lost taxes for each coun-ty along the Gulf.
“We think we see this train comingdown that tunnel and if there is any waywe can make it less disastrous, that iswhat we are trying to do,” said Pete Smith,property appraiser for Okaloosa County.
The problem stretches all along theGulf Coast, where the oil is and where itisn’t.
Mike Boudreaux, president of a Biloxi,Miss., real estate and development com-pany, said beach house sales have stalledeven though “if you walk up and down thebeaches, there’s not one bit of oil hereyet.”
Property owners are worried the prob-lem will linger even longer than damagefrom a hurricane.
Gloria McCullar, 59, of Tuscaloosa,Ala., owns two Fort Walton Beach condosthat she rents. Her retirement plan is tomove into one and sell the other.
“My biggest fear is that when I’m readyto sell one, I can’t because of the oil,” saidMcCullar, a single mother who earns$32,000 a year as a secretary.
“I’m just not sure what the futureholds. I don’t think I can give them awayat this point.”
Gulf property sales sliding on oil fears
Jerry Stalnaker talks about how condo sales have come to a stop since the Deepwater Horizon oil spill began. He’s standingin front of the Jetty East condominiums in Destin, Fla. AP PHOTO
BY BRENDAN FARRINGTONAssociated Press Writer
Right: Real estate agents say beach-front property sales have come to astop since the Deepwater Horizon oilspill began. This house was on the mar-ket in June in Destin, Fla.
AP PHOTO
THE OKLAHOMAN | NEWSOK.COM SATURDAY, JULY 3, 2010 7FREAL ESTATE
LOS ANGELES — What’sthought to be the only re-maining house in Los An-geles designed by theCraftsman stars theGreene brothers is for sale.It’s beautiful, yes. It hasfour original leaded glasslight fixtures. It’s beenlovingly restored overmore than 20 years.
And it’s listed for$775,000. By comparison,the much larger Greene &Greene-designed SpinksHouse in Pasadena, Calif.— the city where the archi-tects’ gems the Gambleand Blacker houses are al-so located — was on themarket last year for $4.6million.
So why is this one, theLucy Wheeler House, onthe market even longenough for a story to bewritten and published?
For one thing, althoughthe historic status of thehouse might net the buyertax savings, it also meansthe owner can’t choose theliving room paint colors orreplace the original kitch-en sink. For another, thehouse is in West Adams, aneighborhood near down-town that is loved fiercelyby its defenders but de-mands that new residentsbe, if not pioneers, at leastready for some scruffiness.
The Lucy WheelerHouse “is a great opportu-nity for a person whodoesn’t have the means” tobuy a Pasadena Greene &Greene, said David Rapo-sa, the real estate agentselling the house and aWest Adams activist who
has restored more than 20homes.
The 2,620-square-foothouse, designed in 1905and expanded in 1917, sits
on Cambridge Street in thearea of West Adamsknown as HarvardHeights. It is on the marketbecause its owner, MartinEli Weil, a restoration ar-chitect and foundingmember of the Los An-geles Conservancy, diedlast year at age 68.
When Weil bought thetwo-story bungalow in1985 — for $135,000, Rapo-sa believes — it had beendivided into two or threeunits. A second entrance
had been cut into thefront.
“It was in pretty badshape,” said Randell Ma-kinson, an authority onCharles and HenryGreene, who said fewerthan 100 of the architects’homes remain.
The bookcases built inat one end of the livingroom, the sort of detail forwhich the Greenes are
known, had disappeared,so new ones were con-structed, copying the old.“Almost miraculously,” thegolden-colored glass lan-tern light fixtures and amatching window sur-vived, Raposa said. An ex-pert in color, Weil removedlayers of wallpaper andpaint, using a microscopeto determine the exact col-or that would have been
put on the walls a centuryago.
As Weil worked, it be-came clear that the interiorof the house was amongthe best examples of aphase in which the broth-ers used bold colors, Ma-kinson said. “Martin un-covered in that processcolors that were unusualfor Greene & Greene. Asthey moved forward theymuted their colors.”
The exterior of thehouse is protected by His-toric Preservation OverlayZone restrictions, and byan “exceptionally de-tailed” historical conser-vation easement, whichprotects the interior aswell — one of 27 suchagreements with the L.A.Conservancy, said MikeBuhler, the organization’sdirector of advocacy.
The idea was to find amiddle ground betweenprotecting the house andallowing the buyers to havea life in it, Raposa said.
So while the colors inthe entry and dining andliving rooms can’t bechanged, the new ownersmay choose the upstairscolors. (The original hueshave been documented,however, should the buyerchoose to be that commit-ted to history.)
The original kitchen,which seems rusticenough to suit an old skicabin, has to stay. But, Ra-posa said, the new ownersmay add a modern kitchenin an adjacent area that’spart of the 1917 addition.
MCCLATCHY-TRIBUNE INFORMATIONSERVICES
1905 landmark home has surprising price
Above: Exterior view of a “Greene & Greene" Crafts-man home for sale in the West Adams area of LosAngeles. MCCLATCHY-TRIBUNE PHOTO
Left: A porch was enclosed at some point in the“Greene & Greene" home in Los Angeles.
MCCLATCHY-TRIBUNE PHOTO
Left: Jesse Weil standsin the living room andreminisces about hisbrother’s restoration ofthe 105-year-old home.
MCCLATCHY-TRIBUNE PHOTO
HISTORY | RESTORED GREENE BROTHERS’ CRAFTSMAN HOUSE IN LOS ANGELES STUNNING, SINGULAR BUT HISTORIC STATUS HAS LIMITS
BY MARY MACVEANLos Angeles Times
8F SATURDAY, JULY 3, 2010 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE
Many houses, apart-ments and other buildingsthat were built before 1978have paint that containslead. Lead-based paint canpose serious health haz-ards if not taken care ofproperly, especially forchildren and pregnantwomen.
On April 22, the Envi-ronmental ProtectionAgency put a new rule intoeffect designed to help fo-cus the efforts of consum-ers and contractors to pro-tect against the potentialhealth hazards of lead-based paint. Called theLead Paint Renovation,Repair and Painting Rule,the rule affects contractorsand subcontractors whowork on older homes.
Under the rule, all reno-vation and repair contrac-tors working in pre-1978homes, schools and daycare centers who disrupt
more than 6 square feet oflead paint are required tobecome EPA-certified inlead-safe work practices.Contractors are required totake a one-day trainingcourse, and firms mustsend in an application tothe EPA. If not, they couldface tens of thousands ofdollars in fines in the fu-ture.
Lead still a concernAccording to the EPA,
many contractors thinkthe issue of lead-paintpoisoning went away yearsago. But lead paint poison-
ing isn’t just about eatingpaint chips, and even con-tractors who think they’redoing a good job may notbe working in a lead-safemanner.
In fact, new researchshows that contractorssuch as plumbers, electri-cians, painters and win-dow replacement expertscan inadvertently exposepeople to harmful levels oflead from invisible dustdisturbed during jobs theyperform every day.
Of particular concern tothe EPA is the safety ofyoung children who areliving in the home duringrenovation work. The EPAquotes one study where itwas found that childrenwere 30 percent more like-ly to have unsafe levels oflead in their blood thanthose in homes where ren-ovations were not occur-ring.
Contractors who workon pre-1978 homes, apart-ments, schools, day carecenters and other placeswhere children spend time— from large and smallcontractors to buildingservices professionals —will have to take the neces-sary steps to become lead-safe certified. EPA certifi-cation is good for fiveyears.
Where is it a hazard?Typically, the older your
home is, the more poten-tial there is that lead paintwill be present. It may beburied under several otherlayers of non-lead-basedpaint, and as long as thoseupper layers are not dis-turbed, the health hazardremains relatively low. Butas soon as the paint beginsto chip or peel, or if anysanding, cutting or otherrenovation or repair work
is done, the lead-basedpaint can be released.
Here are some of the po-tential hazard areas, ac-cording to the EPA:
› Lead from paint chips,which you can see, andlead dust, which you can’talways see, can be serioushazards.
› Peeling, chipping,chalking, or cracking lead-based paint is a hazard andneeds immediate atten-tion.
› Lead-based paint mayalso be a hazard whenfound on surfaces thatchildren can chew or thatget a lot of wear and tear.These areas include win-dows and window sills;doors and door frames;stairs, railings, and banis-ters; and porches andfences.
› Lead dust can formwhen lead-based paint isdry scraped, dry sanded or
heated. Dust also formswhen painted surfacesbump or rub together.Lead chips and dust canget on surfaces and objectsthat people touch. Settledlead dust can re-enter theair when people vacuum,sweep or walk through it.
› Lead in soil can be ahazard when children playin bare soil or when peoplebring soil into the house ontheir shoes.
To find out more aboutlead-paint hazards, lead-paint testing, and the newlead-safe certificationprogram for contractors,go to the EPA’s website atwww.epa.gov/lead, orcontact the National LeadInformation Center at(800) 424-5323.
Remodeling and repair questions?E-mail Paul Bianchina [email protected].
INMAN NEWS
EPA issues new rules on lead-based paintPaulBianchina
HANDY @ HOME
THE OKLAHOMAN | NEWSOK.COM SATURDAY, JULY 3, 2010 9FREAL ESTATE
The Oklahoma City PlanningCommission approved the finalplat of Featherstone AdditionSection 6, south of SW 149 andwest of Western Avenue, at itsJune 24 meeting.
Other items approved› Final Plat of Country Place
Addition Section 9, south ofSW 134 and west of Pennsylva-nia Avenue.
› Consider a resolutionchanging the name of SW 152Place west from the centerlineof Calm Wind Drive to the westboundary of Featherstone Ad-dition Section 3 to StillwindDrive.
› Final Plat of Rio ToscanoSection 1, south of SW 164 andwest of Santa Fe Avenue.
› Application by New Cen-tury Investments V LLC for anABC-2 Alcoholic BeverageConsumption, Restaurant WithLimited Alcohol District over-laying the PUD-1266 PlannedUnit Development District at2809 Northwest Expressway.
› Application by RiverportPark Ltd. to rezone 1547 and 1601S Portland Ave., 4000 and 4001SW 15 and 4100 and 4101 SW 15from the PUD-35A PlannedUnit Development District andR-1 Single Family ResidentialDistricts/SRODD Scenic RiverOverlay Design District/AE-2Airport Environs Zone TwoOverlay District to thePUD-1417 Planned Unit Devel-opment District.
› Application by Alvarado’sMexican Restaurant for anABC-1 Alcoholic Beverage Con-sumption, Restaurant WithLimited Alcohol District over-laying the C-3 CommunityCommercial District at 11641 SWestern Ave.
› Introduce and set for publichearing Aug. 12 an ordinancepertaining to Zoning and Plan-ning amending Chapter 59, Arti-cle XIII, Section 13750 by makingAutomotive and EquipmentCleaning and Repairs, LightEquipment (59-8300.14) a pro-hibited use in the NortheastTwenty-Third Street OverlayDistrict; and declaring an emer-gency.
Denied› Revised Preliminary Plat of
Ironstone, south of NW 164 andeast of Portland Avenue.
Withdrawn› Application by Brian and
Teresa Anderson to rezone 3737E Hefner Road from the AAAgricultural District to the R-ASingle Family One-Acre RuralResidential District.
› Preliminary Plat of CoyoteRanch, north of Hefner Road andwest of Interstate 35.
Forwarded› Application by Oklahoma
Employees Credit Union to re-zone 530 SW 119 from thePUD-709 Planned Unit Devel-opment District to theSPUD-566 Simplified PlannedUnit Development District.
Deferred to July 8› Preliminary Plat of Pleasant
Grove, north of Memorial Roadand west of Council Road.
› Final Plat of Forest GlenCommons, north of SE 29 andwest of Hiwassee Road.
› Application by Newey Fam-ily Partners LLC to rezone 3442 SDouglas Blvd. from the R-1 SingleFamily Residential District to thePUD-1416 Planned Unit Develop-ment District.
› Application by Nest HomesLLC to vacate a portion of FinalPlat of Preston to delete Plat Note12, south of Memorial Road andeast of N MacArthur Boulevard.
› Final Plat of The GroveSouth, Phase 1, north of NW 178and west of May Avenue.
› Application by Danny D.Gassett to rezone 7601 W HefnerRoad from the PUD-884 PlannedUnit Development District to theSPUD-567 Simplified PlannedUnit Development District.
› Application by Condomini-um Owners of Cedar SpringsCondominiums to rezone 12351 NMay Ave. from the R-4 GeneralResidential and C-3 CommunityCommercial Districts to theSPUD-568 Simplified PlannedUnit Development District.
› Application by Accord/OKCMembers LLC to rezone 6446 NPeniel Ave. from the R-4 GeneralResidential District to theSPUD-565 Simplified PlannedUnit Development District.
› Application by David Dunnfor an ABC-2 Alcoholic BeverageConsumption, Alcohol WithLimited Alcohol District overlay-
ing the C-3 Community Com-mercial District at 8139 NW 10.
› Ordinance related to Plan-ning and Zoning Code, Amend-ing Chapter 59, Article II, Sec-tion 2150.2, establishing newdefinitions; Article IV, Sections4250.3, 4250.4, AND 4250.8,Amending Discretionary Re-view Procedures; Article VII,Sections 7150.1, 7200.1, 7200.3,7200.4, 7300.8, 7350.2, 7350.5,and 7350.7, modifying Certifi-cate of Approval requirements toaddress additional signage,modifying building materialscriteria, modifying title of gui-delines reference for Legacy re-sources, and removing PUDpolicy; Article VIII, Section8500.2 establishing use condi-tions for temporary staging ar-eas, off-site; Article XII, Sec-tions 12200.1, 12200.4, correct-ing code reference i use table,referencing additional stan-dards for accessory signs, andprohibiting electronicallycharged fencing within specificdistricts; Article XIII, Section13500.3, modifying Certificate ofApproval requirements, Section13500.5, exempting street treerequirements from constrictedrights-of-way, Section 13500.7,revising bulk standards table foroffice and hotel uses, modifyingsign regulations and guidelines,Sections 13550.3, 13550.5,13700.4, 13700.5, 13700.6 modi-fying Certificate of Approval re-quirement exempting specificsigns, referencing Chapter 3Sign Regulations, and declaringan emergency.
› Ordinance related to Adver-tising and Signs, Amending theOklahoma City Municipal Code,2007, as amended, amendingChapter 3, Article V, Division 1,Sections 3-82, 3-83 revising def-initions and amending GeneralProhibitions; Article V, Division2, Sections 3-100, 3-102 amend-ing temporary signs and displaymaterials not requiring a permitand accessory signs regulated byzoning districts, and declaring anemergency.
› Election of Planning Com-mission officers.
Deferred to Aug. 12› Application by OnCue Mar-
keting LLC to rezone 6200Northwest Expressway from theR-1 Single Family ResidentialDistrict to the SPUD-552 Simpli-fied Planned Unit DevelopmentDistrict.
› Application by Sheridan Re-developers LLC to close severalplatted alleyways in Block 62,Original Townsite of OklahomaCity Addition, west of N HudsonAvenue and north of W SheridanAvenue.
City Planning Commission approves itemsFROM STAFF REPORTS
3400 N Robinson 700sf1bd 1ba $400 mo, $200dep 409-7989 no sec 8
$99 Move-In Special1bd 1ba $295-350, stove,fridge, very clean 625-5200
$199 MOVE IN SPECIAL2BED Townhomes $599
Windsor Village 943-9665
1bd duplex, $350 mo, smdeposit, 3rd & Virginia,Ready now 722-0787
MAYFAIR GARDENS His-toric Area! Secure, wash/dry hardwd flrs 947-5665
Putnam Heights Plaza1 & 2bd, ch/a, Dishwasher1830 NW 39th 524-5907
’ $250 Deposit & 1stMonth FREE - 1 & 2bds
Sunrise Cove 943-0907
800 N. Meridian: 1bd, allbills paid & weekly ratesavailable. 946-9506
» MOVE IN SPECIAL »LARGE 1, 2 & 3 BEDS
Rockwell Arms, 787-1423
1 & 2 beds 946-0830arborglenapts.com
•ABC• Affordable, Bugfree, Clean » 787-7212»
¡ONE MONTH FREE¡Discover Casady 751-8088
$201 Total Move-In CostEnergy Efficient
$1 First Week RentWeekly Avail: Effic $115
1bd $125, 2bd $165Disability & Social Security
recipients welcome616 SW 59th, between
Western&Walker634-4798Drug free environment
Not all bills paid
$99 SPECIALLg 1bdr, stove, refrig.,clean, walk to shops.$325 mo. 632-9849
2123 SW 46th, 1 bed, 1ba, washer/dryer hkup,$379 + $150, 550-8066.
63rd & May area. 2 bedCondo, 800 sf, dishwash-
er, washer & dryer$600/mo 405-733-9128
For sale/lease (3) 4/2.5/2$1050. Gas FP. Granite.Private patios/playground615-6392 ronwalters.net
432 NE 115th2bd 1ba 2 car no pets $525
TMS Prop 348-0720
2400 NW 12THHIST AREA 2B/1B
1200FT $600 C/HA W/DHKUPS GARAGE HRD-
WD FLRS. 417-5833
Fabulous! See to believe!QUAIL CREEK, 2 bed, 2bath, 2 car, 2000 sf, 1story, $1450 + deposit,no pets, call 202-2828.
1 bed, 750 sq ft, ch&a,fp, appls, new remod,non-smoke, 3 year lease,$450 + dep, 250-2770.
3615 NW 51st St 1300sf2bd 2ba 2 car. Near Baptist/Deaconess $900 mo, $900
dep 409-7989 no sec 8
» Large 2 bd » 2K ba »1500 sf, fp, wet bar, 2 car,PC Schools, $795/mo, 7001Crestmont Drive, 831-8218
11705 N. Francis2/1.5/2. No pets $625
TMS Prop 348-0720
Very nice 2 bed, 2 bath, 1car, dining room, $610mo, $500 dep, 632-4974.
Large 2-3 bed, 2 bath,2 car garage, TH,
all appls, gated, pool,Yukon Schools,
from $800/mo. 789-3705
Brand new duplexes, 3 bd2 ba, 2 car, gated comm,call Rick, 405-830-3789.
OKC SW 1 bed, stove &fridge, no pets, bills paid,$450mo + dep. 232-9704
2 BR, 1 BA, central heat& air, no pets. Sec. 8 ok.
405-672-0877
2 bd brick , 1.5 ba, 2 liv,$775 + $700dep. 3805Chetwood Dr. 672-2120
HOMES FOR LEASEwww.executivehome
rentalsokc.com3-4BRs $1000-$3000
Welcome Home877-884-7434
Amazing Executive Home2055 Long Trail Ct, 3bd2ba 2.5car 2 living 2 dining,office, 2002 sf, coveredpatio, $2000mo, $2000dpDeer Creek Schls 409-7989
21240LkShdws4/3.5/3$23951019Washington3/2/2 $8951710 Olde Schl 3/2/2 $1175Express Realty 844-6101www.expressrealtyok.com
900 N. Fretz #84, 3bd1K ba mobile home $475
681-7272
1301 Parkwoods Ter, 3bd1ba 1-car, ch/a $625421 N Key Blvd, 2bd 1ba,detached garage $495
681-7272
3 bed, 1 bath, fencedyard, ch&a $600/mo +
dep. 4005 Parkwood Ln.»»» 390-2970 »»»
4 Bed 2Liv 1K Bath kit/din Lg Laundry, close toTinker (405) 793-7311
136 W Lilac, 3bd 1baCH/A Washer/Dry $575mo $425dep 701-1722
2/3 beds, 1 ba, lg yards,rent $500-$600, dep$500, no sec 8, 740-8419.
134 W Lilac, 3bd 1baCH/A, W/D hkup $575mo$425dep, 701-1722
1412 Sandra, Nice 2/11 car $550/mo 732-3411
2bd 1.5ba duplex $6503ba 2ba 2car 1200sf $8753bd 2ba 2-car 1500sf,fireplace $950Home&RanchRlty794-7777
Rent Specials 605-54772, 3 & 4bd Houses
All Areas $395-1295buyahouseinoklahoma.com
Ready Now 505 NE 20th,3/1.5/2, ch/a, no pets,$800mo $500dp426-0028
HOMES FOR LEASEwww.executivehome
rentalsokc.com3-4BRs $1000-$3000
Welcome Home877-884-7434
Mustang Schls, ExecutiveHome 616 E Hillcrest1800sf 4bd 2ba 2car$1300 mo $1200 dep
409-7989 no sec 8
3bd, 2 ba, 1c gar, 1100sf,730 W. Perry Dr, $695-mo, $600 dep. 376-5680
1120 NE 19th, 3bd 2ba,detached gar. Sec 8 ok $6502300 N. Prospect large2bd 1ba $395
681-7272
4810 Casper, Nice 2/11 car $500/mo 732-3411
2068 NW 48th 2/2 $145010604 Sunrise 3/2/2 $11954533 NW 34 3/1/1 $7502016 NW 15 3/1/1 $650Express Realty 844-6101www.expressrealtyok.com
Executive 4bd 3ba 2car12108 Camelot Pl
2640sf, 2liv, 2din, $1330mo, $1330 dep 409-7989
Okcrentalhomes.com
4129 NW 15th, 3 bed, 2bath, ch&a, 1300 squarefeet, rent to own, $795per month, $950 deposit,405-308-2669.
1624 Grey Fox Run, nearI-35, Doctor's home, 3bed, 2 bath, fp, library,Edmond schools, $1450month, Cathy 850-5862.
Section 8 Okay429 NW 88 3/1.5/1 $695332 NW 91st 3/1.5, garconverted to living $695
681-7272
SURREY HILLS, 11524Queensbury Ct. 4 BR, 2.5BA, 2 car garage, $1325+ $500 dep, 664-1072.
Executive Quail Creek,4 bed, 3 bath, 2 car, lg yd3200sf, very nice! Avail
Now $1750mo 301-2031
Rent Specials 605-54772, 3 & 4bd Houses
All Areas $395-1295buyahouseinoklahoma.com
944 Bradley Ave, 3 bd1K ba, 1 car, No Sec. 8,
No Pets $650mo$450dep ¡ 397-6567
Section 8 OK 3 bed336 NW 85th $675 +Deposit 942-3552
2/1/1 $550, $100 off 1stmonth's rent,
MG Realty ¡ 831-0207
6431 N. Peniel 2/2/2duplex, fp, fnced, ch&a,
w/d hkup $725 627-4244
712 ANITA, 3/2/2 noSec. 8, $765/mo. + dep,rem, 495-1389 313-4839
820 NW 115th, 5 bed,3 ba, 3100 sf. $1200/mo.Avail. Now 706-4315
6517 NW 20th 3bed 1.5bath, section 8 ok.
1400sf $925mo 990-0488
2535 W. Hefner2/2/2 Fenced $795TMS Prop 348-0720
8100 Crestline Ter. 3 bd,2 ba, 1850 sf, beautiful,
$925 rent. 650-3957
2bd 1ba 3012 W Hill,also Mobile homes in
SE & NE 733-8688
310 NW 118th, Section8 approved, 3 bedroom,
$700/month 706-8669
924 NW 109th, 3bd 2ba2car 1300sf $875mo
$800dp 409-7989 no sec8
1704 NW 34th 3/1 $495681-7272
4BR 2BA vaulted ceilings1900sf $1085 603-7665
HOMES FOR LEASEwww.executivehome
rentalsokc.com3-4BRs $1000-$3000
Welcome Home877-884-7434
Rent Specials 605-54772, 3 & 4bd Houses
All Areas $395-1295buyahouseinoklahoma.com
5312 Bodine, 3/1/2, new-ly redone, Sec 8 ok $725
681-7272
4924 Creekwood Terr, 3bed, 1K bath, $735 mo,sec 8 okay, 936-9058.
2917 SE 45 3/1.5/1 + lrgden. Sec 8 ok. $695 mo$350 deposit. 324-2611
2100 SW 78 3/1.5/2 $8251033 SW 63rd 2-bed1bath 2 living $550633 SW 33rd 2/1 $3502401 SW 43rd #7 1bdapt, total elect, waterpaid $325
681-7272
HOMES FOR LEASEwww.executivehome
rentalsokc.com3-4BRs $1000-$3000
Welcome Home877-884-7434
New Rivendell ExecHome 408-4168
Luxury indoor pool & spaFully equip'd media &
wrkout rooms. $5500/moOpenhouseok.com
Recently remodeled, 2bd,1ba, 800 sf, 3022 SW19th $500/$300dep
¡NO PETS¡ 340-3058
Rent Specials 605-54772, 3 & 4bd Houses
All Areas $395-1295buyahouseinoklahoma.com
Remodeled 3 bedroomCH/A, very nice. $595mo$500 dep. No section 8.
691-5479
RENT TO OWN, SW OKC4 bed, 1K bath, O acre
$975/mo; down paymentneg. 602-3530 Tu-Th
2bds/AC, stove, W/Dhkup. 821 SW 50 $600,1524 SW 64 $625 745-4414
5 bd, 2 ba, lg den, 2400sf, 8812 S Indiana, ch&a,nice, $1000, 822-2021.
3 bed 1 bath, indoor utili-ty, CH&A fncd yard $550+$300dep 405-417-0400
Lg 3bd, new barn, fenced,quiet, stove/fridge, W/Dhkups $525mo 596-8410
Bridgecreek, 2bd/2ba,1 acre. Mobile Home
$500mo +dep. 392-4717
1207 Tedford Way3/2, formal dining $1600
TMS Prop 348-0720
Luxury 3/2/2 duplex inquiet Silver Eagle neigh-borhood. Communitypool, gardener, secureentry. $850 month. CallKeith at 413-2555.
Nice 5 bed, 1K ba, 2 car,lg back yard w/storage,Mustang Schl, section 8okay, $1000 mo 321-2601
2 bd, 1 ba, 1 car, fp, com-plete remodel, MustangSchools, ch&a, 826-2023.
WHY RENT WHEN YOUCAN OWN?
Easy financing with nocredit needed. Yukon schls405-815-7245
Large mobile home on 5acres, storm shelter, 2storage buildings, NE155th & Hiawassee, $800month + dep, 601-2215.
Nice 2 bed, clean, quietpark, $395/ month. 4907S Santa Fe 632-5677
$ FREE RENT 1ST MO $2BR $350+, 3BR $495+,
MWC NO PETS 427-0627
Room in S OKC countryhome with family, avail-able $400mo 306-8764
Nice room, TV, cable, AC.Veterans & SSI wel-come, $320mo, 549-4024
3/1.5/1, 6617 NW 20th,ch&a, PC Schools, $725mo, $600 dep, 348-9207.
Stratford Condo AUCTIONFriday, July 16 @ 10 a.m.11120 N Stratford Dr, #102
(Hefner & May, E. toStratford Dr., N. to Condo)625 SF, 1 Bed, 1 Bath, Nice!
Call 412-2013 forShowing Appt. and Info.
Pictures and Info atOKCAuctioneer.com
$300-345/monthFurnished 1bd & Efficiency2820 S Robinson 232-1549
$300-345/monthFurnished 1bd & Efficiency2820 S Robinson 232-1549
2 bed, 1 bath, great loca-tion, pool, all major ap-pliances, $540, 340-8147.
TOP LOCATION!Pd. wtr/garb. Near malls.Try Plaza East•341-4813
1 & 2 BEDROOMS,QUIET! Covered ParkingGreat Schools! 732-1122
112K SE 1st. Spacious1bd garage apt, fridge,stove, excellent cond,clean $375. No pets
Fidelity RE 692-1661
Walford Apts 518 NW 12MIDTOWN District
Amazing! All electric,wood floors, giant 1bd1ba, cha, dishwasher,
washer/dryer conn1200sf $750mo $650dpStudio $550mo $450dpEfficiency $425mo $325dp
409-7989 no sec 8
SUMMER SPECIAL$149 1st mo. 525-1177Near OU Med Center
MOMENTUM PROP MGMT
MOVE IN SPECIAL!!!$250 Gift Card1 Month Free Rent!
LARGE 1, 2, 3 Beds w/2 Bath. From $375 a
month. CourtesyPatrol, Pool, ChildrensPlayground. Limited
Number Of UnitsAvailable. HURRY!!!
MacArthur Apartments5001 NW 10th St.
405-942-5500
Spring SpecialLARGE TOWNHOMES
& APARTMENTS• Washer, Dryers, pools• PC Schools, fireplaces
Williamsburg7301 NW 23rd
787-1620MOVE IN SPECIAL!
$250 Visa Card1 MONTH
FREE RENT!MacArthur Apartments
5001 NW 10th St.405-942-5500
FREE RENTGated, 1bed, all new appli-
ances & tile. 525-1177MOMENTUM PROP MGMT
The Florence Apts425 NW 11, MidtownStudio, 1bd 1ba, $450mo$300dep 409-7989No sec8
The Plaza 1740 NW 17th1bd, 1ba 750sf, woodfloors, all elec, $450 mo,$200dp. No sec8 409-7989
LIMITED TIME SPECIALrenovated, 1bd, gated,
new appliances 525-1177MOMENTUM PROP MGMT
»» ALL BILLS PAID»»1st mo $249/1bd/2bd/&
twnhouse/pool/946-0588DREXEL ON THE PARK
Briargate 1718 N Indiana800sf 1bd 1ba, cha, all elec,wood floor, $475mo, $200dep. No sec 8 409-7989
ACREAGE HOMESITES AVAILABLE» The Ranches at Olde
Tuscany 1+Ac Moore Schls» Olde Tuscany III
5-10 ac Moore Schools» The Timbers 5 ac
Moore Schools» Montecito 1+ ac
Norman Schools» Belleau Wood
1+ ac Edmond Schools» Stillbrook Glen 2.5-10ac Bridgecreek Schools
Call Mike 317.0582landmarkfinehomes.com
Visit one of our fullyfurnished model homes
today! *We build onyour lot or ours*
LAND FOR SALEBEAVER COUNTY 840ACRES..GRASS..30 MIN-ERAL ACRES EXCEL-LENT FENCE (4 & 5WIRE) 3 GOODSOURCES OF WATERSET OF PENS GREATHUNTING LOCATION.CONTACT: JERI HODGES(620) 655-2689 W/
BARBARA'S REALTYPLACE
PIEDMONT OPEN SAT 2-4& SUN 2-5. Model home.New hms on K ac lots.
Info also available for newhms in other additions.
From NW Expwy &Sara Rd go 4.5 mi N
Cleaton & Assoc 373-2494
NORTHWOOD LAKEESTATES 1 ac MOL fish,swim, water ski on private110 acre lake. Walkingdistance to new elem schl.OKC limits Piedmontschls. $36,000. LisaCleaton & Assoc 373-2494
137 acres for saleHwy 53 in Gene Autry,OK. Wildlife Abundant
on Washita River, greatplayground for huntingATV or Cabin hideaway.
$1,750 an acre.405-615-3356
1N to 10A, E. of OKC,pay out dn. before 1st pmt.starts, many are M/H readyover 400 choices, lg trees,some with ponds, TERMS
Milburn o/a 275-1695paulmilburnacreages.com
PIEDMONT SCHLS 5 acMOL tracts starting @$32,900 CASHION 5 acMOL w/great bldg site &access to private lake$29,900. LisaCleaton & Assoc 373-2494
BUILDING SITES PIED-MONT 3/4 and 1 AcreLots. Close In-Good
Streets. Leon 373-4820Overland Ex Realty
1-28 acres » All AreasOwner Financing
Woodlake Properties405-273-5777
www.property4sale.com
CASHION ACREAGESw/trees & creek.
6 to 11 acre MOL tractsstarting @ $25,000. Lisa
Cleaton & Assoc 373-2494
160 acres, 5000 sq fthome, irrigation system,25 minutes to downtown
OKC, 850-0532.
Beautiful 5Ac just minfr. Tinker. well/septic &Lots of extras 417-9313
Guthrie, family com-pound, (2) 3 bed, 2 bath,5 acres, 850-0532.
3/2/2 on 2K ac, lg shop,424 Sherwood Lane, Ed-mond, $170K, 436-3055.
5ac + Mobile Home needsrepair. I-40 & Peebly$35,000 405-301-2500
3.5A 4/3/2 Like NewWash Sch 417-2176
www.homesofokcinc.com
100 Acres River Front FarmExtra nice home, shop &barn. Dustin, OK $335K
23+ Acres w/unfinishedhome-Prague lake area$96K
75 Acres-SW of Minco,cave, box canyon, spring &ponds, good grass $141K
331 Acres N of Wewoka,custom 5500sf newerhome, shop, barns $899K
1385 Acres - Beautifulcattle ranch with 2homes, barns. Priced tosell. Talihina. Make offer
Remax Metro GroupJeana Pain 405-420-7933Aaron Church 405-203-2685
Secluded Pack SaddleRanch with exc hunting/fishing. Home, barn, tack& kennel. Utilities, good
access, true gem forprofessional group or
individual. 580-885-7262or 580-768-1034
40ac 45 min S. of OKC.Trees, pastures, wildlife,big stock pond, creek,30X40 shop, 3/2 mobilehome, $150K, Pos. ownerfinance. 405-863-7863
145 ac of grass, blacktop frontage, gd fences,Grady Co. 405-785-2668
3301 Choctaw Dr.4 bed/2.5 ba, 2L/2D,
2 car gar., gas FP, cul-de-sac, Edmond SD,
$187,000 405-285-6209
OPEN SAT/SUN 2-51716 Grey Hawk $199,9002150+sf 3-4/2.5/3 sunrmgreenbelt 210-508-5796
2230 sf, blt '03, 3/2/2.5+ office 16612 La PalomaLn. $179,900 306-6504
Open Sunday 2-4
BANK OWNED 3/3/2, blt2002, 1728sf, 2.41ac, pond$119.9K Arlene 414-8753
Lease/Purch, Nice 3/2/2brick, ch&a, fenced, lowdn, no credit chk 630-0649
BY OWNER - totalremodel, 3 bed, 1 1/2 ba,1c ch&a Reduced to $83K705 Holoway Dr. 787-8099
421 Woodland Dr 3/2gar conversion, some firedamage $22,995 324-2611
Lease/Purch, Nice 3/1/1low dn, no credit chk CarlAlbert Schools, 630-0649
3bd brk, 2car gar/opener1.5 bath. CH&A , fenced,1050sf +/- former rentalAS IS $87,000 364-0356
OPEN HOUSE Sun. 2-4.FSBO 308 Lakehoma.4/3/3 Beautiful updatedhome. 2570 square feet.1/2 lake front acre.Sabra 990-7576
OPEN 2-4Westbury So. 10013
Thompson. 4 bed, ingrdpool, huge lot, $199.9KRonck Realty 324-9040
24x30 shop w/elec, updated3/2.5/2 1720sf, .42 acres$129K Arlene 414-8753
Open House Sun 2-42400 Kingsley Lane,
3269 sf. $219K 627-6269
2 bedroom home, needssome work. Call AlfredG. at 580-237-7717
Owner Fin, 2212 NE 262/1/1 Like new 417-2176www.homesofokcinc.com
Sharp Spacious 4bed2-story home, great area,new carpet, fresh paint ch/a
Seller will pay all ofbuyer's closing costs
$99,750. Fidelity RE692-1661, 417-1963
4433 NW 32nd Pl, gated,2 bed + study, 2 bath, 2car, 1546 square feet,ch&a, alarm system,$149,000, 405-401-4709.
Financing» Lease Purchase» Rent to Own 2, 3 & 4bd
houses in all areas.buyahouseinoklahoma.com
562-0000 or 973-4322
Open Sunday 2-4, 8901N. Shannon Ave. corner
lot, 1980 sf, 3/2/2 Jonell,Buchanan Rlty, 503-6205
Open House Sun. 2-46018 Plum Thicket Rd.
MLS#426202, IngroundPool, 5/3.5 ¡ 834-8873
OPEN Sunday 2-5,2551 NW 18th,
historic 2 bed, $104,900,Jackson Assoc, 424-3922
Income Producing 2/1 fullyupdated duplex, 2674sf,brk $129.5k Arlene414-8753
NEW REMODEL2612 NW 30, 3b/1.25ba
$119K OBO 401-5183
S. QUAIL: 6100 SF, POOL3 CAR GARAGE, 4 BED,4 BATH 850-0532
10825 SE 51st4bd, 3ba, 2car, 2liv,
Safe rm, updated, 1.1 acMid-Del, $243,500
405-455-5498 owner
OPEN 2-4Best Buy in Rockport3621 SW 123rd CourtApprox 2900sf, $259,900Just beautiful!Ronck Rlty 324-9040
Financing» Lease Purchase» Rent to Own 2, 3 & 4bd
houses in all areas.buyahouseinoklahoma.com
562-0000 or 973-4322
OWNER FINANCING$2000 down No Credit Ck2516 Murray 2/1 $49,0003216 SW 40 4/2 $56,000
596-4599, 410-8840
OPEN HOUSE Sun . 2-4W.Moore 3109 Birch Dr
3bed 2 ba 3 car 863-1376
Open Sun 2-5, 2516 Mor-gan Road NE (N on Mor-gan off 178th), 4042 sqft storybook home onlake with 5 acres,$575,000, owner/agent,405-664-2100/664-1963.
BEAUTIFUL 4bd 4.5ba w/so many amemities eachbd w/full ba wood flrs 16x32 ingrnd pool w/pergola& fire pit. 20 x 20 wkshp& more! $394,500. LisaCleaton & Assoc 373-2494
3771 Washington Ave E.5 Ac, 3 BD, 3 Ba, 1 Liv,2 Din + Office, 3 Car Gar$297.5K Leon 373-4820Overland Ex Realty Inc
2187 E. Trail Drive 5+AC3 Bd, 3K Ba, 2 Liv, 1 Din3 Car Gar, Custom Built$431.5K Leon 373-4820Overland Exp Realty
OPEN HOUSE Sunday2-4pm. 608 NW 34th,
in Newcastle. New 2416Sq Ft, 4 bed, shop on1 Acre, 405-306-5137
House and 13 acres, over100 pine trees, beautifulone of a kind property.$250,000, 405-314-9528
FABULOUS 3bd 3ba approx2751' w/open floor plan2 master beds beautifulsunroom huge backydw/outbldg $211,500. LisaCleaton & Assoc 373-2494
Owner 3/2/2 + 1K car,fp, cellar, 1854sf $164.9K
250-2236 or 519-4131
Homes in need of an"Extreme Makeover"located in Shawnee,
Luther & PadenCash Purchase Only
call for more informationWoodlake Properties
405-273-5777www.property4sale.com
Choctaw, Sun 2-4, 2785N Choctaw Rd, wonder-ful remod heritage home,3 bd, 3 full ba, 2580 sf.
MOUNTAIN TOP HUNTING–77+ wooded acres loadedw/deer, turkey & black bear.Wet weather creek. Idealfor ATV, horseback riding& hiking. $40,000
Gooding R.E.1-800-999-1020-, Ext 651
Property for sale NEOKC $45,405 contact Ms.Richards 405-427-8389
New 3bd/2ba MobileHomes already on land
located in Shawnee,Prague, Cromwell &
Harrah (price reduced)Owner Financing
Woodlake Properties405-273-5777
www.property4sale.com
'79 Gibrata 14x60 3bed2bath. $7000 '86 Fleet-
wood 14x60 3bd 2ba$6000. Both have ch/a &window units. Must bemoved. 19529 Bethel Rd598-8395 »» 882-5896
Mobile home on 5 acreseast of Tinker, 3 bed, 2bath, $85,000, Cobble-stone Realty, 582-2040or Kathy at 255-5165.
FOR SALE: 3 bd 2 ba DblWide on acreage, HarrahSchools 405-412-6236
Doublewide on acreage w/pond. Possibly owner carryw/$20k down 405-631-3600
2004 16x80 3x2 $24,900301-2454/517-5000
2bd 1ba $6900 Delivered301-2454/517-5000
Repo 28x80 4x2, refurb$39,900 301-2454/517-5000
8 LAKE FRONT CABINS/ #9 LANDING AREALAKE EUFAULA, OK In-vestment opportunity w/income. 8 lake front fullyfurnished cabins. 3docks. PACKAGE DEAL.$875,000 Karen @ ERAReal Estate 918-617-3901 or 918-452-3900Owner/Assoc.
FSBO extra nice 3 bed,2K bath, 3 car garage,shop building, RV shel-ter, fenced yard, nearKaw Lake, 2000 sq ft,$125,000, 580-269-3183.
DO NOT Call Unless…Foreclosure/Behind PaymtOverleveraged/Repairs
Call/Web 800-Sell-Now.com
I BUY HOUSESAny condition. No cost
to U 495-5100
Heard of a SHORT SALE?SELL YOUR HOUSE TODAY!Foreclosure/behind Pymts340-9879/HouseKings.com
I BUY & SELL HOUSES27 YRS EXP 650-7667
HOMESOFOKCINC.COM
Lake Eufaula Property•Lake Eufaula lakefront45 acres, blue water,great hunting. Boat slipavailable.•Lake front lot, very nicesubdivision, close to #9landing, boat slip avail-able.•Owner Financing, 2.5acre lake view lots withboat slips, $35,000, 10%down, 7.5%.
S.E Okla Realty LLC918-424-3264
Tenkiller log home, rus-tic elegance, 6 bed, 4Kbath, gameroom, walk towater, $425,000, own-er/broker, 918-776-7700.
Franchisegrowth.comMaster & Single units
available 405-887-5222
REDUCED TO SELL!Cash Flow Rental Prop.
Handyman Special.Owner financing avail.
1224 NE 19th $28,000107 SE 41st $40,0002118 N Prospect $28,000740 NE 36th $28,500Price Negotiable Kruger Inv.Call Jim 235-9332/812-1657
Developer, DowntownApartment Project, 12Units, New Construction,Earn 12%, Minimum $200KInvestment, Hotel 12% ROI
Seabrooke Realty405-409-7779
Warehouse w/600sf apt.upstairs, 45x65x14 1524W Main $150K 426-0123
Warehouse/OfficeI-40 & Meridian,
2200-4819sf, 946-2516
GREAT SpaceOFFICEConvenient
NW Locations:I-40 & Meridian
NW Expressway & MayBritton/Lake HefnerParkway 200-6000sf
946-2516
Office space for lease,front door parking, 1000-1300 square feet, NWExpressway & Portlandarea, 405-949-9779.
Edmond Office Space625 sqare feet, $830 allinclusive, call 359-7100or 641-0468.
Okla City WoodcrestApts (income subsidizedhousing) is accepting ap-plications for 3 bedroom,newly renovated apart-ment, with patio, nearcomplex playground.»»» 677-0155 »»»
Suburban, SE(Tecumseh, Shawnee, Noble, Purcell, Etc.) 333
Open Houses 334.2
IndustrialProperty 336
Lots For Sale 337
Mobile Homes, Manufactured Houses 339
Oklahoma Property For Sale 340
Real EstateNotices 345
Real EstateWanted 346
Vacation PropertyFor Sale 347
Commercial RE
FranchiseOpportunity 353
Investment Property For Sale 355
Warehouse SpaceFor Sale 356.5
Industrial PropertyFor Rent 361
Offi ce SpaceFor Rent 363
Apartments
Del City 421.5
Edmond 422
MWC 424
Moore 425
OKCDowntown 429.5
OKCNorthwest 431
OKCNorthwest 431
OKCSouthwest 433
Condominiums,TownhousesFor Rent 441
Duplexes
OKCNortheast 452
OKCNorthwest 453
OKCNorthwest 453
OKCSoutheast 454
Yukon 460
Garage Apartments 461
RE for rent
Del City 465.5
Edmond 466
MWC 468
Moore 469
Mustang 470
Mustang 470
OKCNortheast 474
OKCNorthwest 475
OKCSoutheast 476
OKCSoutheast 476
OKCSouthwest 477
Tuttle/Newcastle 481
Village/Nichols Hills 481.5
Yukon 482
Mobile HomeRentals 483
Rooms For Rent 489
Acreage For Sale 302
Condominiums,TownhousesFor Sale 304
Farms, RanchesFor Sale, Okla. 308
RE for sale
Edmond 314
Harrah 315
MWC 317
Moore 318
Mustang 319
OKCNortheast 323
OKCNorthwest 324
OKCSoutheast 325
OKCSouthwest 326
Piedmont 327
Tuttle/Newcastle 329
Yukon 330
10F SATURDAY, JULY 3, 2010 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE
Oklahoma CityAncon Development
Corp., 9801 N Kelley Ave.,office, erect, $2,700,000.
City of Oklahoma City,100 W Reno Ave., publicbuilding, remodel,$2,500,000.
Glenn-Douglas Con-structions LLC, 810 NW 10,medical clinic-office, erect,$2,000,000.
Architecture Inc. 8500NW 23, school, add-on,$1,600,000.
N.E. Construction, 6001SW 12, apartment, erect,$1,000,000.
N.E. Construction, 6001SW 12, apartment, erect,$1,000,000.
N.E. Construction, 6001SW 12, apartment, erect,$1,000,000.
N.E. Construction, 6001SW 12, apartment, erect,$1,000,000.
N.E. Construction, 6001SW 12, apartment, erect,$1,000,000.
N.E. Construction, 6001SW 12, apartment, erect,$1,000,000.
N.E. Construction, 6001SW 12, apartment, erect,$1,000,000.
N.E. Construction, 6001SW 12, apartment, erect,$1,000,000.
N.E. Construction, 6001SW 12, apartment, erect,$1,000,000.
N.E. Construction, 6001SW 12, apartment, erect,$1,000,000.
N.E. Construction, 6001SW 12, apartment, erect,$1,000,000.
N.E. Construction, 6001SW 12, apartment, erect,$1,000,000.
Quigley (Jim) CustomHomes LLC, 15633 WhiteMagnolia Lane, residence,erect, $900,000.
Mass Architects Inc.,12716 NE 36, medical clinic-office, add-on, $600,000.
N.E. Construction, 6001SW 12, apartment, erect,$500,000.
N.E. Construction, 6001SW 12, apartment, erect,$500,000.
Savannah Builders LLC,7608 NW 133 Place, resi-dence, erect, $400,000.
Venture Contractors LLC,16912 Shorerun Drive, resi-dence, erect, $394,000.
McCaleb Homes Inc.,7617 NW 132 Place, resi-dence, erect, $391,630.
Onpoint Construction,7824 SW 85 Circle, resi-dence, erect, $300,000.
Steve Masoner Builder,construction manager, 17511SE 74, residence, erect,
$290,500.Greystone Homes LLC,
1817 NW 194 Circle, resi-dence, erect, $275,000.
D.R. Horton, 2221 NW 194Terrace, residence, erect,$272,400.
D.R. Horton, 2233 NW193, residence, erect,$269,100.
D.R. Horton, 2321 NW 153,residence, erect, $264,400.
Candelaria Foster LLC,2737 Guilford Lane, resi-dence, add-on, $250,000.
Charles Miller, 4015 SE 86Place, residence, erect,$242,000.
Oklahoma City HousingAuthority, 800 SE 15, apart-ment, remodel, $231,700.
Neal McGee Homes Inc.,5704 NW 116, residence,erect, $225,900.
John Davis CustomHomes LLC, 1400 S GregoryRoad, residence, erect,$225,000.
Taber Built Homes LLC,16304 Josiah Place, resi-dence, erect, $215,000.
Richard Lindsey, 5432Marstall Drive, residence,erect, $210,000.
Lowery Homes LLC, 10317Walnut Hollow Drive, resi-dence, erect, $204,000.
D.R. Horton, 11224 NW98, residence, erect,$202,000.
Brookshire Homes LLC,11312 Treemont Lane, resi-dence, erect, $200,000.
D.R. Horton, 7517 Mead-ow Lake Drive, residence,erect, $197,200.
Castlebrook CrossingHomes LLC, 10201 SW 28,residence, erect, $195,000.
STK Construction, 4804Granite Drive, residence,erect, $195,000.
King Quality Homes Inc.,10908 Kristin Court, resi-dence, erect, $190,000.
STK Construction, 4724Millstone Drive, residence,erect, $185,000.
STK Construction, 4816Granite Drive, residence,erect, $185,000.
N.E. Construction, 6001SW 12, office, erect,$175,000.
Cedarland Homes LLC,4616 SW 122, residence,erect, $157,900.
D.R.Horton, 11237 NW 97,residence, erect, $152,200.
Lisa R. Edmonds, 400NW 16, residence, remodel,$150,000.
Dub Stone ConstructionCo, 10400 Dove Court, resi-dence, erect, $140,000.
Oneok (Oklahoma Natu-ral Gas), 4901 N Santa FeAve., office-warehouse, re-model, $140,000.
Beacon Homes LLC, 3013NW 191 Terrace, residence,erect, $135,000.
Jester Homes Inc., 6004Bentley Drive, residence,erect, $135,000.
D.R.Horton, 7528 Mead-ow Lake Drive, residence,erect, $123,800.
Ideal Homes of NormanLP, 2416 SW 138, residence,erect, $120,000.
Abudurexiti Aimaiti(Reshid Amat), 7713 HillcrestDrive, residence, erect,$110,000.
Aspen Boat & RV Storage,10701 NW 23, storage, erect,$100,734.
Ideal Homes of NormanLP, 13028 SW 5, residence,erect, $96,000.
Ideal Homes of NormanLP, 16133 Raindust Drive,residence, erect, $92,000.
Aspen Boat & RV Storage,10701 NW 23, storage, erect,$91,224.
N.E. Construction, 6001SW 12, recreation center,erect, $88,000.
Ideal Homes of NormanLP, 2812 NW 184, residence,erect, $82,000.
McAlister ConstructionInc., 9517 Crooked CreekLane, residence, erect,$80,000.
Jonathan Burdette, 3032Chapel Hill Road, residence,remodel, $80,000.
Ideal Homes of NormanLP, 1713 NW 144 Terrace, res-idence, erect, $77,000.
Central Oklahoma Hab-itat For Humanity, 2616 SDurland Ave., residence,erect, $75,000.
Central Oklahoma Hab-itat For Humanity, 5013 Ka-ren Drive, residence, erect,$75,000.
Central Oklahoma Hab-itat For Humanity, 5009 Ka-ren Drive, residence, erect,$75,000.
Aspen Boat & RV Storage,10701 NW 23, storage, erect,$71,598.
Quality Renovations LLC,2813 NW 12, residence, firerestoration, $70,000.
Evans Building Concepts,3000 SW 104, business, re-model, $40,000.
Omar Khoury, 6025 WReno Ave., office, remodel,$40,000.
Richard Cooper, 2908 WWilshire Blvd., residence,fire restoration, $40,000.
W.R. Hess Co., 3217 SShields Blvd., retail sales,erect, $35,000.
Naomi Henson, 16700 SE59, residence, erect,$30,000.
Mark Smith, 15011 BristolPark Blvd., retail sales, re-model, $30,000.
Lloyd Murphy, 3220 SW47, residence, fire restora-tion, $26,000.
Callahan Steel Buildings(Curt), 14824 La CrestaDrive, storage, erect,$20,000.
N.E. Construction, 6001SW 12, accessory, erect,$20,000.
N.E. Construction, 6001
SW 12, accessory, erect,$20,000.
N.E. Construction, 6001SW 12, accessory, erect,$20,000.
N.E. Construction, 6001SW 12, accessory, erect,$20,000.
N.E. Construction, 6001SW 12, accessory, erect,$20,000.
N.E. Construction, 6001SW 12, accessory, erect,$20,000.
N.E. Construction, 6001SW 12, accessory, erect,$20,000.
N.E. Construction, 6001SW 12, accessory, erect,$20,000.
N.E. Construction, 6001SW 12, accessory, erect,$20,000.
N.E. Construction, 6001SW 12, accessory, erect,$20,000.
J.C. McKean, 14727 SE 77Terrace, accessory, erect,$20,000.
Peter A. Howe, 1136 NKentucky Ave., residence,remodel, $20,000.
Dandy Homes, 5943 STerry Joe, manufacturedhome, move-on-mobilepark, $18,000.
Bell Tech Construction,501 N Richland Road, resi-dence, add-on, $16,000.
Struble Construction,1735 NW 13, residence, re-model, $15,000.
We Buy Homes, 5901 SRobinson Ave., residence,fire restoration, $15,000.
William Killingsworthn,1807 W Park Place, duplex,remodel, $15,000.
William Killingsworthn,1809 W Park Place, duplex,remodel, $15,000.
Santa Fe Station MobileHome Park, 501SE 44, man-ufactured home, move-on-mobile home park, $12,500.
William Horn, 15217 SE 71,storage, erect, $12,000.
Callahan Steel Buildings(Curt), 3025 NW 71, storage,erect, $10,000.
N.E. Construction, 6001SW 12, accessory, erect,$10,000.
N.E. Construction, 6001SW 12, accessory, erect,$10,000.
Joe Carter, 1945 NW 18,canopy-carport, erect,$10,000.
Zelmia Lee, 3225 Castle-rock Road, duplex, remodel,$10,000.
Zelmia Lee, 3227 Castle-rock Road, duplex, remodel,$10,000.
Shzam Cheema, 3217 SShields Blvd., retail sales,remodel, $10,000.
Santa Fe Station MobileHome Park, 501SE 44, man-ufactured home, move-on-mobile home park, $8,500.
Derak Stewart, 6515 SE 163Court, accessory, erect,$8,000.
98, accessory, erect, $3,500.Samrtsafe Enterprises,
7204 NW 118, storm shelter,install-storm shelter,$3,000.
Tho Van Nguyen, 1632NW 41, residence, fire resto-ration, $3,000.
James Hendrick III, 2705SW 130 Court, storm shelter,install-storm shelter,$3,000.
Ground Zero SheltersInc., 612 NW 143, stormshelter, install-storm shel-ter, $2,800.
Lana Stephens, 9033 NW80, storm shelter, install-storm shelter, $2,800.
Erana House, 3109 Mari-lyn Drive, storm shelter, in-stall-storm shelter, $2,800.
Jack Day, 2825 SW 31,storm shelter, instal-stormshelter, $2,800.
Aaron V. Botts, 1016 SW93, storm shelter, install-storm shelter, $2,750.
Alloy Building Co., 5305SE 86, canopy-carport,erect, $2,500.
Alloy Building Co., 1208 NUtah Ave., canopy-carport,erect, $2,000.
Enrique Martinez andDiana Mauricio, 239 SE 41,residence, add-on, $2,000.
N.E. Construction, 6001SW 12, accessory, erect,$2,000.
Faustino Molina, 1141 SE17, canopy-carport, erect,$2,000.
Jester Homes Inc., 4316Amethyst Circle, stormshelter, install-storm shel-ter, $1,995.
Raul Martinez, 1145 SW26, residence, add-on,$1,000.
DemolitionsCaliber Construction
Inc., 7633 Jesse Trail, resi-dential.
K&M Dirt Services, 3243NW 65, pool house.
K&M Dirt Services, 14801Prairie Lane, house.
K&M Dirt Services, 2201N Coltrane Road, poolhouse.
K&M Dirt Services, 1504 EPark Place, house.
Kendall Concrete, 833 NE26, garage.
Kendall Concrete, 2609 SMeridian Ave., house.
Midwest Wrecking, 700NW 63, house.
Midwest Wrecking, 414 NKelley Ave., house.
Midwest Wrecking, 4300W Interstate 40 ServiceRoad, restaurant.
Midwest Wrecking, 635SE 6, house.
Paul and Catherine Lan-caster, 701Skylark Drive, ga-rage.
Ray’s Trucking, 2307 GlenEllyn, church.
Curtis Fortenberry, 14124SE 75, house.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,500.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,500.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,500.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,500.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,500.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,500.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,500.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,500.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,500.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,500.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,000.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,000.
N E. Construction, 6001SW 12, canopy-carport,erect, $7,000.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,000.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,000.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,000.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,000.
N.E. Construction, 6001SW 12, canopy-carport,erect, $7,000.
Aaron S. Glenn, 11704Hackney Lane, storm shel-ter, install-storm shelter,$7,000.
Travis A. Rolette, 9100Wheatland Drive, storage,erect, $6,000.
Malik Muhammad, 832NE 20, residence, fire resto-ration, $5,000.
Betty Choate-Marford,301 SW 99, accessory, erect,$4,257.
Smartsafe Enterprises,5401 NW 112, storm shelter,install-storm shelter,$4,000.
Shelley Burke, 7801 NW84, storm shelter, install-storm shelter, $4,000.
Ground Zero SheltersInc., 2729 SE 94, residence,install-storm shelter,$3,995.
Regina Jones, 1229 NW44, storage, erect, $3,700.
Property Management &Realty, 1601 NW 171, stormshelter, install-storm shel-ter, $3,600.
Mark Dennis, 2601 SW
Permits