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Monday, September 30, 2013

Saddle Club Neighborhood - Lino Lakes

The Saddle Club property represents the final link of a multifunctional greenway corridor
stretching from Deer Lane (west of Foxborough) to Birch Park (east of Preserve at Lino

Proposed Rezoning (See more at from the City of Lino Lakes)
The northern two-thirds of the site is currently zoned R-1, Single Family Residential and
the southern third is zoned R, Rural. The property requires rezoning to PUD-Planned
Unit Development to allow for the following flexibilities:
• Minimum lot size (contiguous buildable area) of less than standard 10,800 s.f.
• Reduced front and rear yard setback from 30 feet to 25 feet.
• Reduced road right of way from 60 feet to 50 feet.
• Reduced street width from 32 feet to 28 feet.
• Conservation easements to protect natural habitats and wetlands areas.
These PUD flexibilities were provided to establish a future roadway connection to Fox
Road, complete the greenway corridor and reduce the development footprint in the
environmentally sensitive areas.

Public water, sanitary and storm sewer utilities will be installed with the development.
Water and sanitary sewer utilities will be extended along the south side of Old Birch
Street to service the development.

The entire site has nearly 2,000 trees!

Search for homes in Lino Lakes if you are looking to buy or sell a home in Lino Lakes, Circle Pines or Centerville!

Wednesday, September 4, 2013

What you Need to Know about SHORT SALES in Real Estate

What is a Short Sale in real estate? 

A short sale simply means the listing and sale price of the home is less than what the current owner owes in liens against the house.

Here are key things you need to know about Short Sale Homes:

  • Short sales require time and patience. Lots of patience.
  • If you are in a situation where time is of the essence (renting and lease is coming due, own home is on the market and might sell) I would discourage you from looking at short sales. 
  • If you are hoping to have the seller help you pay your closing cost, that usually won't/can't happen with a short sale.
  • Short sale homes often have deferred maintenance, which you will have to pay for, because the owners have no money. 
  • The worst part about short sales is you have to have permission from both the homeowner and the bank to have a deal done.

Learn the Real Estate Lingo
The "Hidden Costs" of Purchasing Bank-Owned Properties
Foreclosure Headaches

Want to chat more about the benefits and drawbacks of Short Sales? Call Sarah!

Coming Soon and Hot New Listings