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Listing #90047802
$224,500 (LP)
Price/SqFt: 94.97
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917 Locksley Manor Dr, Lake St. Louis, MO 63367 Active (09/09/09) CDOM: 327 |
| Beds: 4 |
Baths: 3.50 |
Sq Ft: 2364* |
Lot Sz: 0.390ac |
| Area: 415 |
Age: 9* |
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var oldLoad = null; function newLoad(){ if(oldLoad){ oldLoad(); }//if(oldLoad) try { setTimeout(”document.getElementById(’spnShowingTime’).innerHTML = sa(f[0],’site=RAP%2EGSTL%2EI&broker=Prudential%20Alliance,%20REALTORS&mlsid=GSTL&mlspropid=90047802&paddr=917%20Locksley%20Manor%20Dr&pcity=Lake%20St.%20Louis&pstate=MO&pzip=63367-2526&price=224,500&lagid=CKENASH&lafn=Keith&laln=Nash&laph=636-537-0300&mlsofficeid=PRUA05&ozip=63005-1433&source=D&raid=CKENASH&rafn=Keith&raln=Nash&raeml=nash@realtor.com&raofficeid=PRUA05&rabroker=Prudential%20Alliance,%20REALTORS&raph=&laeml=nash@realtor.com’)”, 1000); } catch (e) { //Showing time did not load. } } function loadShowingTime(){ oldLoad = window.onload; window.onload = newLoad; } loadShowingTime(); Looking for a reasonable bid! Residing near Boulevard Park and Green Tree Elementary, your private retreat with an array of amenities offering quiet sophistication. Professionally landscaped yard with Mature trees offering an extraordinary level of privacy. Clean lines create magnificent spaces that flow from room to generous room. Unique features and elegant architecture are incorporated with every element for the perfect home. Finished lower level adds to the expansive floor plan offering recreation and sleeping/exercise room. Master suite offers and atmosphere of tranquility and grace w/separate garden tub and shower. Pride of ownership. Approximately 17,000 sq foot yard on wooded home site. Well appointed added value items include…… Main Floor Laundry ~ In ground sprinkler system ~ Upgraded carpet and pad ~ Double hung tilt in thermal windows ~ Security System ~ Upgraded Lighting ~ Deck for entertaining and relaxing ~ The possibilities are endless. There is no better time.
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Jason Palliser |
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Senior Mortgage Consultant
Prospect Mortgage
7 Village Square
St. Louis, MO 63042
Office: (314) 787-3138
Cell: (314) 749-3737
Fax: (866) 670-5634
Jason.Palliser@prospectmtg.com |
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• Learn about home loans
• Use loan calculators
• Apply for a home loan |
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Referral Request:
Please forward my contact information to anyone you know with a need for real estate financing!
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Last Week in the News
Mortgage applications in the U.S. rose last week to the highest level in three months. The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications for the week ending April 3 increased 4.7% to 1,250.6 from 1.194.4 the previous week. Purchase volume rose 11% to 297.7, while refinancing applications jumped 3.2% to 6,813.5.
According to the ICSC-Goldman Sachs index, retail sales rose 0.6% in the week ending April 4. This follows a strong 1.1% growth in the week ending March 28. On a year-on-year basis, retailers saw sales decline by 0.3% from the week ending April 4.
According to the Federal Reserve, consumer debt fell in February by $7.48 billion, or 3.5% at an annual rate. Economists had forecast consumer debt would drop $3 billion in February. Total consumer credit debt in February was $2.56 trillion. In a separate report, Moody’s Investors Service stated that uncollected credit card debt rose to 8.82% in February, the most in 20 years.
Wholesale sales rose in February for the first time in eight months. Overall wholesale sales increased 0.6% and the sale of wholesale durable goods jumped 2%. Meanwhile, wholesalers reduced their inventories by 1.5% in February. The decline was more than twice as much as the 0.7% forecasted and the steepest since recordkeeping began in January 1992.
The Labor Department said initial claims for unemployment benefits fell by 20,000 to 654,000 from the previous week’s revised figure of 674,000. The decrease in the week ending April 4 was better than expected. Economists had anticipated claims to drop to 660,000. The number of people continuing to claim jobless benefits rose to 5.84 million from 5.75 million in the prior week.
Upcoming on the economic calendar are reports on retail sales on April 14, housing market index on April 15 and housing starts on April 16.
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Jason Palliser |
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Senior Mortgage Consultant
Metrocities Mortgage
7 Village Square
St. Louis, MO 63042
Office: (314) 787-3138
Cell: (314) 749-3737
Fax: (866) 670-5634
jason.palliser@metrocitiesmtg.com |
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• Learn about home loans
• Use loan calculators
• Apply for a home loan |
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Referral Request:
Please forward my contact information to anyone you know with a need for real estate financing!
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Last Week in the News
On Monday, March 23, the National Association of Realtors said existing home sales rose 5.1% in February to a seasonally adjusted annual rate of 4.72 million, from 4.49 million in January. Economists had expected an annualized rate of 4.45 million homes.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications for the week ending March 20 increased 32% to 1,159.4 from 876.9 the previous week. Purchase volume rose 4.2% to 267.8 from 257.1 the previous week, while refinancing applications jumped 42% to 6,363.2 from 4,497.6.
The Commerce Department reported Wednesday that orders for durable goods, items expected to last three or more years, jumped 3.4% in February. It was the strongest one-month gain in 14 months and the report breaks a record six consecutive months of decline. Economists had anticipated orders for durable goods to fall 2%. Among the areas of strong growth were orders for heavy machinery, up 13.5%, and demand for computers, up 10.1%.
New home sales unexpectedly rose 4.7% in February to a seasonally adjusted annual rate of 337,000 units, according to a report by the Commerce Department. Analysts had expected a drop to 300,000 units in February. Also, the results for January were revised upward to 322,000. Nevertheless, that figure represents the slowest monthly pace since recordkeeping began in 1963.
On Thursday, the Commerce Department announced its final revision to the fourth quarter Gross Domestic Product (GDP). It showed the U.S. economy decreased at an annual rate of 6.3% in the fourth quarter of 2008. It was the lowest pace since the first quarter of 1982, when output contracted 6.4%. For all of 2008, the economy grew 1.1%.
Upcoming on the economic calendar are reports on consumer confidence on March 31, pending home sales on April 1 and factory orders on April 2.
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| Metrocities Mortgage will proudly take the name of its parent company, Prospect Mortgage, LLC in the second quarter of 2009. Only our name is changing – our people, locations, phone numbers, competitive loan products and great customer service will remain the same! |
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Jason Palliser |
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Senior Mortgage Consultant
Metrocities Mortgage
7 Village Square
St. Louis, MO 63042
Office: (314) 787-3138
Cell: (314) 749-3737
Fax: (866) 670-5634
jason.palliser@metrocitiesmtg.com |
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• Learn about home loans
• Use loan calculators
• Apply for a home loan |
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Referral Request:
Please forward my contact information to anyone you know with a need for real estate financing!
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How to Lower Your Property Taxes
Because your property tax is directly related to the value of your home, you have an opportunity to lower your property taxes* if your community has experienced declines in real estate values.
County authorities determine the taxation on a given property by multiplying the property tax rate by the property value. For example, if your home value is $800,000 and the property tax rate is 1%, then your property tax bill is $8,000 annually.
If market conditions have resulted in a decline in the value of your home, it is your right to have your property reassessed and to lower your tax rate. Your county will not initiate this process for you; you need to submit a proposal to your county tax assessor. The process takes between 30 and 45 days. Two methods are available to you:
- Do it yourself: Contact your county assessor’s office and download the forms from its website. You will need to hire an appraiser to help prepare the evaluation of your property to submit. There are multiple websites and books to guide you through this process.
- Hire a tax relief processor: This company should have experienced professionals who write, prepare, and submit your tax relief proposal to the tax assessor’s office for you. Look for a company that offers to waive any upfront fees in exchange for a percentage, usually around 50%, of your first year’s savings. The company will send an appraiser and submit all of the proper documents for you.
Although there are several steps involved in getting your tax rate reassessed, many homeowners have saved thousands of tax dollars annually by pursuing a reassessment.
*Always consult your tax advisor for tax information and advice.
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Here’s our take on the Stimulis Bill and Treasury announcements made this week. We look at the Stimulis package AND the Treasury’s package holistically, in compliment with each other - mostly because that’s how the Obama team is looking at it. Your representatives, the NAR Board of Directors, asked us in November to do 4 things (with an unspoken but clearly understood mandate to PRESERVE what we already have). Here they are: 1) get loan limits raised for high cost areas, 2) make the $7,500 tax credit NOT a loan, 3) try to find ways to push interest rates down (which are higher than they should be due to systemic risk right now) by 200 basis points, and 4) help provide solutions to the foreclosure/short sale problem.
So here’s what we have achieved: 1) the loan limits will be raised to $727,000 in high cost areas, 2) the tax credit will be raised to $8,000 with NO payback [a true credit], 3) interest rates have come down 125-150 basis points, and 4) the bill has over $50 billion in it for foreclosure mitigation, with Geitners Treasury plan signaling that the second half of TARP and TALF will be used to mitigate foreclosures through a government guarantee, drive down interest rates by buying another $200-300 billion of mortgage paper from the GSES’s thereby freeing them up to do the same with new mortgages, and Fannie has just agreed to lift the cap of 4 investment properties eligible for loans and raise it to 10.
In addition, we preserved what we have - which some tend to forget is always on the table when these negotiations start up again - mortgage interest deductability, real estate tax deductability, and the $250,000/$500,000 cap gains exclusion (an overall package worth more than $100 billion and for some a very attractive funding source for their pet projects).
We did make a run at the $15,000 credit — and we would have loved to have gotten that or the Homebuilders $22,000 credit idea as well as their 5 year loss carryback deal, but they were considered too rich for this program. What it did do though is totally take the debate off of whether a tax credit should be reinstated at all (it expired last year) and whether it was a true credit or a repayable loan, and kept the conversation on how much it should be. It also kept the debate off of ‘what we are willing to give up to get a $15,000 tax credit’ and kept the debate again, on how much it should be. It’s pretty hard to complain when they give you what you ask for and you lose something you never had. While we study the Treasury specifics on their major role in providing the rest of the housing solution — there is much more to come and we are working diligently with the Administration to help ‘unclog the pipeline’ and get capital flowing into housing again.
Sincerely,
Charles McMillan, CIPS, GRI
2009 NAR President
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Jason Palliser |
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Senior Mortgage Consultant
Metrocities Mortgage
7 Village Square
St. Louis, MO 63042
Office: (314) 787-3138
Cell: (314) 749-3737
Fax: (866) 670-5634
jason.palliser@metrocitiesmtg.com |
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• Learn about home loans
• Use loan calculators
• Apply for a home loan |
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Referral Request:
Please forward my contact information to anyone you know with a need for real estate financing!
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Last Week in the News
On Monday, February 2, the Institute for Supply Management said its manufacturing index rose in January to 35.6, up from a record low of 32.9 in December. Any reading below 50 signals contraction. Economists had expected a reading of 32.6.
The National Association of Realtors (NAR) reported that its pending home sales index, a forward-looking indicator based on contracts signed, rose 6.3% to 87.7 in December 2008. NAR chief economist Lawrence Yun said the index shows a modest rebound. “The monthly gain in pending home sales, spurred by buyers responding to lower home prices and mortgage interest rates, more than offset an index decline in the previous month,” he said.
The Commerce Department reported total construction spending fell 1.4% in December, more than the 1.2% decline economists had expected. It was the third consecutive monthly decline. In 2008, construction spending fell by a record 5.1% compared to a decrease of 2.6% in 2007.
Consumer spending fell 1% in December after a 0.8% decline in November. This marks a record sixth consecutive monthly decline in consumer spending. For the year, consumer spending rose by 3.6%, the smallest annual increase since 1961. On a positive note, the savings rate rose to 3.6% in December. That was the highest level since tax rebate checks pushed the rate up to 4.8% in May 2008.
On Thursday, the Labor Department said new applications for unemployment benefits rose last week to a seasonally adjusted 626,000 from a revised figure of 591,000 the previous week. Economists had anticipated a reading of 583,000.
On Friday, the Labor Department reported that the nation’s unemployment rate increased to 7.6% in January from 7.2% in December. Businesses cut 598,000 jobs in January, the biggest monthly decline since December 1974.
In other economic news, the Commerce Department said factory orders declined by 3.9% in December, a record fifth straight drop.
Upcoming on the economic calendar are reports on retail sales on February 12 and consumer sentiment on February 13. |
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| Russ Miller |
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Senior Loan Consultant
Metrocities Mortgage,LLC
7 Village Square
St. Louis, MO 63042
Office: (341) 874-0371
Cell: (314) 853-7877
Fax: (866) 457-4401
russ.miller@metrocitiesmtg.com
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• Learn about home loans
• Use loan calculators |
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Referral Request:
If you know anyone with a real estate financing need, please have them contact me!
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Last Week in the News
On Monday, November 10, the government provided a record bailout of a private company with a new $150 billion financial-rescue package to troubled insurance giant American International Group, including $40 billion for partial ownership.
On Wednesday, Treasury Secretary Henry Paulson said that buying up troubled mortgage assets “is not the most effective way” to use government funding. Purchasing these assets was the cornerstone of the initial financial rescue plan, known as the Troubled Asset Relief Program or TARP. Going forward, some of the money saved from not buying mortgage assets will be used to shore up the market for credit-card receivables, auto loans and student loans, according to Paulson.
The Labor Department reported Thursday that jobless claims rose by 32,000 to a seasonally adjusted 516,000. This is only the second time since 1992 that claims have topped 500,000. The previous time was shortly after the terrorist attacks of September 11, 2001. Jobless claims above 400,000 are considered a sign of recession. A year ago, claims stood at 338,000.
The nation’s foreclosure rate increased 25% from October 2007, according to a report by RealtyTrac. In October 2008, one in every 452 homes, or 279,561 properties, received at least one foreclosure-related notice. More than 84,000 homes were repossessed last month.
Mortgage application volume rose 11.9% for the week ending November 7, according to the Mortgage Bankers Association’s weekly survey. Refinances increased 16.1% and purchase volume increased 9%.
Upcoming on the economic calendar are reports on industrial production on November 17, consumer inflation on November 19 and the index of leading economic indicators on November 20. |
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PRIME MORTGAGE
2085 BLUESTONE DR. SUITE 202
ST. CHARLES, MO
63303
June 23, 2008
JEFF KITCHELL’S RATES
Conventional Conforming
30 YEAR FIXED 6.375% NO POINTS
20 YEAR FIXED 6.375% NO POINTS
15 YEAR FIXED 6.000% NO POINTS
40 YEAR FIXED 7.000% NO POINTS
5/1 ARM 5.875% NO POINTS
7/1 ARM 6.125% NO POINTS
Government Programs
30 YEAR FIXED 6.500% NO POINTS
5/1 ARM 5.750% NO POINTS
3/1 ARM 5.375% NO POINTS
Jeff Kitchell
(636) 916-0016 office or (636) 299-8015 cell
All conventional rates are based upon a loan size of $150,000 or greater and a credit score of 720 or higher. All government rates are based upon a loan size of $120,000 or greater and a credit score of 620 or higher. Rates and or point are subject to change without notice. This information is for use by mortgage professionals only and should not be distributed to consumers or other third parties. Prime mortgage is an equal housing lender.
This week’s economic news and events
Monday, 3&6 Month Bill Auction.
Tuesday, FOMC meeting, Consumer Confidence, 4Wk Bill & 2Yr Note. Sales, Oil Status Report, and FOMC Announcement.
Wednesday, Purchase applications, Durable Goods Orders, New Homes Sales.
Thursday, Jobless Claims, Existing Home Sales, Natural Gas Report, 5 Yr Note Auction.
Friday, Consumer Sentiment, Farm Prices.
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