distinctive properties - march 2015

March 2015 – A1

St. Helena Grand DameDetails on page 3

March 2015

N A P A • S T . H E L E N A • S O N O M A

cbnapavalley.com

Carolyn RobertsBROKER/OWNER

[email protected]

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

Offered at $1,219,000

COVER PROPERTY

1320 ELMHURST AVENUE, IN TOWN ST. HELENA

Desirable location.This 1,512± sq. ft. Single

level home has 3Bedrooms, 2 Bathroomsand a utility room that islarge enough for a homeoffice. Lots of brand newupgrades add to the chic,

modern feel. Fullylandscaped yard with acharming front porch.

Offered at $995,000

In-Town prime location. Stroll to chicshopping and dining in St. Helena’s

picturesque downtown.This statuesquecorner property features two 2 bedroom,2 bath, en suite units – rent one unit andmake the other your wine country homeor pied-à-terre. Grand scale proportions,intricate moldings, hardwood floors,this property exudes the feeling of an

elegant turn-of-the-century lifestyle, butenjoys modern amenities.

Linda Alioto707.694.3541

[email protected]

Wine Country Group Realtors - St. HelenaIndependently Owned & Operated

BRE#01450100

1603 MAIN ST., ST. HELENA


The Heart of the Napa ValleyWine Country!

fabulousnapavalley.com

[email protected] RICHExclusive Estates

Yvonne RichDRE01045780

(707)968-98881338 Main Street, St. Helena, California

$18,800,000

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

Main Residence

4 — Distinctive Properties





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

$10,800,000

opportunity to acquire 38.7 acresV ILLA MILLE ROSE VINEYARD - ESTATE/WINERY SITE

March 2015 – 5





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

This impeccable home reflects grace and style at every turn. $1,395,000

Brilliantly created with a designer’s eye and a craftsman’s hand, this striking contemporary oasis exhibits dramatic lines and volumewith a modern contemporary flair throughout. Sited on 12+ acres and bordered by its own vineyards, this legendary estate is unequiv-ocally one of the most luxurious and private estates with resort-worthy amenities. Modern European influences grace the approx.8,600 sq. ft. of living space. Five bedroom suites and a true “spa-at-home” first floor master retreat, elevator, library/office, hometheater/media room, home gym, wine cellar and a beautiful Italian modern kitchen opens up to the infinity edge pool with swim-up barand outdoor kitchen for glamorous entertaining or comfortable day to day living.

Immerse yourself in the comfort........ $7,950.000

CONTEMPORARY OASIS






110+ ACRES WITH 1+ AC. HILLSIDE VINEYARDOne of the most spectacular knoll estate sites is now available. An extraordinary opportunity to own a beautiful & serene 110+acres with prime one+ acres of hillside Cabernet Sauvignon Vineyard. Unobstructed views of lake Hennessey, hillside vineyards &dramatic mountain panoramas. This property has the distinction of being in one of St. Helena’s most sought after and exclusive areas.Scenic, private and removed from the mainstream, a multitude of opportunities exists to create the ultimate Napa Valley estate in thisgated community of several world class grand estates. Excellent well, electricity, paved road access, and premium one acre CabernetSauvignon vineyard & an approved Errosian Control Plan may allow approx. 3 additional acres of new vineyard.

Unlimited potential for the ultimate dream estate. $1,795,000

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

Truly an estate for the modern ages........ $6,750,000

U LTIMATE CONTEMPORARY LIVING

March 2015 – 7

EDITOR/DIRECTOR OF SALESRandy Principe

Direct 707-256-2251Fax 707-252-6047

[email protected]

ACCOUNT EXECUTIVESRandy Dowis707-256-2229

[email protected]

Phyllis Seiger707-256-2205

[email protected]

Distinctive Properties makes every effort to ensure the accuracy of the information it publishes, but cannot be held responsible for any consequences arising from errors or omissions.All rights reserved. Reproduction in whole or in part is strictly prohibited. Distinctive Properties is a registered trademark of The Napa Valley Publishing Company.

Our office is located in the Napa Valley Register building:DISTINCTIVE PROPERTIES

1615 Second Street, Napa, CA 94559

DISTINCTIVEPROPERTIES

March

2015

When you advertise in Distinctive Properties Magazine, your advertisement gains access to the Internet.Each issue of Distinctive Properties will be automatically posted in the real estate section of the www.napavalleyregister.com web site. This site also serves as the host of Open House ads for The Napa Valley

Register Newspaper. Additionally, you may view Virtual Tours, home sales, articles and back issues of Distinctive Properties.Distinctive Properties is distributed throughout locations in Napa, Yountville, St. Helena, Calistoga, Sonoma, and otherkey Bay Area locations.


MAPS OF THE VALLEY

10 CALISTOGA

12 ST. HELENA

18 YOUNTVILLE

23 NAPA

39 AMERICAN CANYON

MAPS ▼

RANDOLPH

ST.

RIVE

RSIDEDR

IVE

MAINST.

YAJOMEST.

China

Veterans Park

NAPA

TUBBS LANE

CAL ISTOGA

(707) 942-94221473 C Lincoln AvenueCalistoga, CA 94515

Calistoga Realty Co., Inc.

✯Calistoga Realty

Co., Inc.

March 2015 – 9

L. PIERCE CARSONlpcar son@napanews . com

Napa County’s 2014 grape crop earned area growers $706 million — an all-time record high — the result last fall of a third bumper crop in a row.

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

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

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

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

PRICES UP, TONNAGE STRONG

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

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

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

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

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

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

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

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

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

Mer lo t p roduc t ion a l so declined, down 11 percent to

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

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

Addit ional tonnages and average prices paid for other Napa Valley grape varieties in 2014 include:

— C a b e r n e t f r a n c , 3,565, $5,636.

— Malbec, 2,479, $4,507.— M u s c a t b l a n c ,

1,252, $2,062.— Petite sirah, 3,906, $3,418.— Petit verdot, 2,832, $5,499.— Pinot gris, 609, $1,702.— Riesling, 340, $2,614.— Semillon, 2,643, $2,837.— Syrah, 3,416, $3,203.— Viognier, 610, $2,986.— Zinfandel, 4,557, $3,335.

Napa County grape harvest sets earnings recordCabernet sauvignon remains economic giant

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

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

George Schofield, industry analyst

TUBBS LANE

CAL ISTOGA

(707) 942-94221473 C Lincoln AvenueCalistoga, CA 94515

Calistoga Realty Co., Inc.

✯Calistoga Realty

Co., Inc.


Sharon Carone, Broker • Darlene Brissard, Realtor • Brian Durnian, Broker

EstatEs • VinEyards • Vacation HomEs • LandrEsidEntiaL and commEricaL

www.calistoga-realty.com1473 C Lincoln Avenue, Calistoga, CA 94515

707-942-9422Calistoga Realty Co., Inc.

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

Approx. 37 acres of premium vineyard, winery and cave potential. Vineyards and residence can be purchased separately.180+ AcRES – 37 AcRES of VINEYARDS, 2 pARcELS - $7,950,000 • RESIDENcE oN 25+ AcRES, 2 pARcELS - $3,695,000

pERfEcT WEEKEND HoMEThis adorable 2+ bedroom, 2 bath home is just a couple of short blocks todowntown Calistoga. Wood floors, updated kitchen, fireplace with insert,

spacious and nicely landscaped back yard.$545,000

DEVELopER’S DELIGHTDouble lot located just a few blocks from downtown Calistoga. 14,871 sq. ft.

lot with a quaint little house. Possible lot split or build another house.Zoned R-2. Use your imagination.

$618,000

59.7+/- AcRE ESTATE pRopERTYLocated in Calistoga and Knights Valley, adjacent to Blossom Creek Winery and Turnbull this 4,100 sq. ft. main residence, 900 sq.ft guest house currently utilizedas an office, with approx. 16.7 acres of vineyard on a long term lease expiring in 2025. An additional 8+/- acres of vineyard - 4 acres of hillside Cabernet and 4+/-

acres of Petite Sirah with additional plantable acreage and potential for Winery/Caves. A rare opportunity!

March 2015 – 11

MAIN

STREET

MAIN

STREET

ST . HELENA


March 2015 – A13

ST. HELENAREAL ESTATE

(707) 967-9570

HOMES · LUXURY ESTATES · LAND · VINEYARDS · WINERIES

For information on our listings, please visit our website:www.sthelenarealestate.com

Napa Valley · Sonoma

Napa Valley · Sonoma1346 Main Street

St. Helena, CA 94574

WINERY ESTATE & VINEYARD

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

Offered at $5,975,000Gail Morgan Lane / Claudine Perret

(707) 291-0156

VINTAGE NAPA

Located in the heart of Downtown Napa, this lovely re-stored vintage home boasts 3 Bedrooms and 2 Bathrooms.Farmhouse kitchen, great floor plan and charm throughout.

Offered at $825,000Jacqueline Wessel(707) 738-7338


ROB CHRANE

Ah, the elusive millennial homebuyer. Our industry has spent most of 2014 ana-

lyzing why this demographic hasn’t bought a home (Student debt? Unemployment? They want to rent?) and even more time research-ing millennial goals and beliefs to forecast what’s next for housing.

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

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

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

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

Realtors have the power to change that narrative. By help-ing buyers investigate their down payment options, you become an

advocate for today’s missing mil-lennial homebuyer.

While recently flying a Delta 777 simulator, a few things reminded me of successful agents and brokers:

— Takeoff and landing require the same series of actions and checklists, no matter where in the world you are.

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

— All real estate may be local, but agents and brokers should practice with a global mindset. The same best practices work in all markets and under all condi-tions.

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

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

What can you do to start help-ing buyers investigate those down payment options?

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

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

— Attend trainings from your local housing finance agency.

— Help your buyers find out what programs they may qualify

for first, before touring homes. The results could help expand or narrow your search.

— Share buyer success stories in your communications.

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

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

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

Don’t let down payment obstacles deter millennial buyersMany wrongly believe all loans require hefty upfront cash, stringent qualifications

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

TerraFirmaGlobalPartners.com

A Real Estate Company For Life.

March 2015 – 15


JENNIFER HUFFMANjhuf fman@napanews . com

Bardessono hotel, restaurant and spa in Yountville is for sale. While a list price was not provided, hotel experts expect the 62-room luxury hotel property will sell for more than $65 million.

“Bardessono is one of the highest-performing hotels in Northern California, and the current ownership feels like it is the right time to sell and let new owners continue the growth of the prop-erty,” said Margaret Clapp, speaking on behalf of the hotel’s ownership group, Yountville Investors LLC. Clapp is one of four managing members of the group.

Opened in 2009, Bardessono was developed and continues to operate on land leased from the Bardessono family of Yountville.

In 2007, the project was estimated to cost $46 million. Depend-ing on the day of the week and month, room rates range from $500 to $1,000 a night, said General Manager Jim Treadway.

Treadway said he could not reveal the ask-ing price for the hotel.

“It will be a big number, as this is a very high-performing hotel,” said Treadway. “Because of its national and international reputation, it’s considered a ‘trophy’ asset.”

Whether or not he and the other 150 employees will remain on staff after it sells is up to the buyer, he said. But, “We all hope so.”

The Bardessono hotel also includes Lucy Restaurant and Bar, culinary garden, rooftop pool and spa. It’s operated by Benchmark Hos-pitality International. It’s unknown if Bench-mark will continue to operate the property after the sale.

“We expect an extremely high level of inves-tor interest in Bardessono” said Mark McDer-mott of CBRE Hotels, the firm chosen to sell the hotel.

Thomas E. Callahan of PKF Consulting USA, a division of CBRE, said that hotels are in demand.

“The industry has been literally on fire since coming out of the recession,” he said. “Most hotels are generating record-level profits. As a result, you have a lot of capital looking to deploy itself. And you have owners that are saying, ‘It’s time to take my chips off the table.’”

As for a sale price for Bardessono, “It’s going to be big,” predicted Callahan.

In 2013, Auberge Resorts and a group of partners including vintner Bill Foley purchased Calistoga Ranch, a 50-room boutique resort in Calistoga, from Olympus Real Estate for an esti-mated $50 million.

In June, San Francisco-based Flynn Prop-erties Inc. purchased the 27-acre Carneros Inn luxury resort from then-owner the PlumpJack Group for an estimated $60 million.

Does he think Bardessono will sell for a simi-lar figure of $1 million per room? Callahan said, “That’s probably conservative.”

Rick Swig, hotel consultant, owner of the Napa Winery Inn and former owner of the Harvest Inn, also noted that hotel sale prices “are at an all-time high.” He also said he believes Bardessono will sell for at least $1 million per room, or for between $65 million to $75 million.

A likely buyer is “another owner of similar

hotels located in luxury destinations where the target average daily room rate is between $750 and $1,000 a night.”

Swig described the Bardessono as in same cal-iber as the Carneros Inn and Calistoga Ranch. While both of those properties have supple-mentary real estate components, Bardessono fits between the two of them.

The hotel has received numerous awards for customer service and “commitment to the envi-ronment,” according to a news release. In early 2010, the U.S. Green Building Council awarded the 5-acre Bardessono complex LEED platinum certification.

Eco-friendly practices at the hotel include the low-profile flat solar panels, water conservation, recycled construction materials, organic linens

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

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

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

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

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

HOSPITALITY BUSINESS

Bardessono hotel, restaurant and spa for saleProperty could fetch more than $65 million

“The industry has been literally on fire since coming

out of the recession.”Thomas E. Callahan of PKF

Consulting USA, a division of CBRE

March 2015 – 17

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

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

Vineyard Park

WEBBE

R AVE.

HUMBOLD

T ST.

YOUNTV I L LE


March 2015 – A19

VIEW ALL NAPA VALLEY LISTINGS ON MY WEBSITE, WWW.GATESESTATES.COM(707) 944-0888 • Fax (707) 944-0884 • Cell (707) 333-7770

BRE #00711618

www.1440CrestmontDr.com

• Gated entry with unparalleledviews

• Stunning great room with statelyfireplace

• Spacious apartment, wine cellar,guest house, gorgeous patio

Offered at$2,850,000

www.6556DryCreekRd.com

• Family compound on over 26acres

• Expansive lawn and pool areawith spectacular views

• Complete with main house, guesthouse and two adorable cabins


www.1927VintnerCt.com

• Great one story home located inYountville

• Features an open great roomlayout

• Numerous raised garden beds inthe backyard

Offered at$740,000

PRICE

REDU

CED

NEWPRI

CE


VIEW ALL NAPA VALLEY LISTINGS ON MY WEBSITE, WWW.GATESESTATES.COM(707) 944-0888 • Fax (707) 944-0884 • Cell (707) 333-7770

BRE #00711618

www.16MarsalaWay.com• Gorgeous home in North Napa• Kitchen features w/stainlesssteel appliances and beautifulwood cabinets

• Master Suite w/generous sittingroom, beautiful bathroom, his/hers closets


6468 Washington St.#164, Yountville

• Gorgeous newer home withmany upgrades

• Beautiful Birch hardwood floorsand spacious 9 foot ceilings

• Kitchen w/wonderful Oakcabinets and a peninsula counter

Offered at$215,000

NewLis

ting

NewLis

ting

www.3747BeartoothLane.com

• Stunning Hidden Hills home• Huge lot with views to the Cityof Napa

• High end materials/impeccableworkmanship

Offered at

$1,695,000

March 2015 – 21

Bogue’s Bulletin Board

CHARLES BOGUE, BROKERCalBRE#00482010

[email protected]

Coldwell Banker Brokers of the Valley

Live Smart By Right SizingIt seems little was learned from the great recession asWall Street is back to conducting business as usualafter a few economic hand slaps and minimal controlson investment excess. However, for Main Street andthe general public it seems there may be a few lessonslearned, one of which being that we can “live with less”and still enjoy complete and ful�lling lives.

Living through the insecurity of these times andadjusting to economic reality, many home ownersand apartment dwellers have found that having lessspace and owning less stu� has increased the amountof money and the amount of time they have to betterenjoy the quality of their lives.

Becausehousing cost has increased to asmuchas 50%ofan individual’s disposal income, reducing yourmortgagepayment can free up money to increase retirementsavings, fund a college education, purchase a vacationhome or simply provide greater �nancial security. Theconcept of “right sizing” is even more attractive nowbecause loans are at record low rates keeping monthlypayments to a minimum.

One common way to “right size” is by selling yourcurrent home and buying a smaller single family homeor condominium. Napa County has a selection ofplanned communities o�ering a menu of size, locationsand amenities from which to choose. One of the mainissues that comes up when you buy down is that youwill need to accept change. Moving to a 1200 squarefoot condominium from a 2200 square foot 4 bedroomhome may look good on paper but will take somelifestyle adjustment when changing to a reduced space,less desirable neighborhood or living without a pool inthe back yard.

Making a change from a personal home to acondominium or town home will be rewarded with alower monthly payment, lower utility costs, less repaircosts and less personal time dedicated to maintainyour yard and home. The added cost of a Homeowners

Association fee will be more than o�set by theturnkey living the services and amenities provide. Thisconversion from house equity to personal freedom by“right sizing” will give you the dollars and time to liveyour life knowing you now own your home and it doesnot own you.

Along with record low interest rates the timing for“right sizing”could not be better from a tax perspective.Assuming that your current home equity has recoveredto pre-recession levels, the current tax law allows amarried couple �ling jointly to pay no tax on the �rst$500,000ofgainandthe�rst$250,000 fora singlepersonindividual on the sale of their home. The cash generatedby the sale and the reducedmonthlymortgagepaymentcreated by“right sizing”could producemoremoney andtime than you imagined.

If you can’t �nd the property you want in Napa youcan expand your search to other areas of NorthernCalifornia, the Paci�c Northwest or the desert areas ofCalifornia and Arizona. A search on line will show youthe di�erent possibilities available often at prices wellbelow Napa County. Your local Realtor can refer you toa top agent who has local knowledge and will provideyou with as much property and relocation informationas you will need.

By setting your sights on an area and a speci�c propertythat you would like, you can create a transition templatebeginning with the “net proceeds” you will have fromthe sale of your current home. With that informationyou can determine the “total purchase cost” and exactlywhat your tax, loan and operating expense situation willbe.

Prior to entering into any contract to sell or purchase besure to consult a tax professional on the tax implicationson your sale and purchase. By“right sizing”and reducingthe size of your living space you will be able to free upboth money and the personal time to lead a richer andmore ful�lling life.

RANDOLPH

ST.

RIVE

RSIDEDR

IVE

MAINST.

YAJOMEST.

China

Veterans Park

NAPA

March 2015 – 23

A24 — Distinctive Properties

www.1701FSt.comTwo turnkey detached homes on one lot in Napa!Front detached home is a remodeled, 2b/1b, and is1200 SqFt. Back detached home is a 3b/2b and is1150 SqFt.

For more information visit: www.1701FSt.comMark Lesti 707.320.8950 Offered at $835,000

Carl Mianecke707.260.5952

Gary Prince707.227.7282

Allen Ray707.299.7730

Dave Samson707.342.0809

Bob Souza707.363.6335

Bob Wallin707.337.5279

Ian White707.227.5226

Christine Lesti707.320.8999

John Prince707.337.0191

Mark Lesti707.320.8950

Nate Bethard707.225.1838

Matt Cole707.227.0306

Brendan Lesti707.337.0659

Breanna Lesti707.225.1225

Christine Marek707.226.1823

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

Gary Prince 707.227.7282 $424,900

2470 Sonoma StreetSingle level home, updated & expanded to include3BD/2BA with master suite and bonus room. Newroof, new carpet & fresh paint inside/out. Spaciouskitchenw/island, and French doors to the backyard.

Allen Ray 707.299.7730 $610,000Dave Samson 707.342.0809

212 East 1st StreetCharming Alta Heights home in great location, justminutes from downtown Napa. Hardwood �oors,large combined living/dining rm, clay texturedwalls, very pvt backyard fully landscaped. Pride ofownership in this home is obvious!

INESCR

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Allen Ray 707.299.7730 $559,000Dave Samson 707.342.0809

1417 King AvenueGreat curb appeal/location in Alta Heights! Features2 separate garages, hardwood �oors, good sizedliving room and a nice private backyard.

INESCR

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March 2015 – A25

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

Christine LestiAssoc. Broker/Owner

[email protected]

CalBRE #01854432

Mark LestiBroker/[email protected] #01784430

Gorgeous and gated location with breathtaking panoramic views.Live among the vineyards and small wineries on a knoll in a

lovely forested setting.

For more information visit: www.1449swhitehall.comThe Lesti Team Offered at $2,350,000

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

For more information visit: www.1435Tainterst.comThe Lesti Team Offered at $1,759,000

Custom built in 1989 to embrace indoor/outdoor living.Hardwood �oors & crown mouldings grace the living areas.

Only blocks to downtown!

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

Beautiful Silverado Country Club home. Fine quality andluxurious amenities; 1/2 acre with �ltered views and a

wonderful sense of light & space.

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

PRICE

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Napa County home prices rose 25.8 percent in 2014, with the average sold price of an area home reaching $774,738, according to monthly data from Bay Area Real Estate Information Services, or BAREIS.

The average sale price in 2013 was $615,527.

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

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

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

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

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

Chun noted that fewer dis-tressed properties remained on the market in 2014. That means the vast majority of sales were tradi-tional equity home sales, he said.

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

Many homeowners are still waiting for more equity in their homes, “so they’re not (yet) in the position to sell and step up like in a traditional market,” said Chun. “We’re still seeing a lot of people on the fence whether or not now is the right time to pull the trigger.”

After the Aug. 24 earthquake, “approximately 14 houses that were listed came off the market. It doesn’t sound like a lot but that was 10 percent of the active inventory in Napa city at that time,” Chun said. However, “that didn’t have a dramatic effect on the overall market” in 2014.

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

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

Napa Realtor Stefan Jezycki, regional chair for the California Association of Realtors, said that prices rose in part because “Napa is a destination. We’ve done noth-ing but make our destination more attractive over the past 10 years. Our product is only getting better. We attract buyers from (around) the world.”

Jezycki also cited a lack of inventory.

“Incomes are not increasing for average Americans,” said Jezycki. For those people, “when price of

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

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

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

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

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

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

PROPERTY VALUES

Real estate prices rise in 2014; average home price: $774,738County sees 25.8 percent jump

The average selling price of a Napa County home in 2014 was $774,738, up from $615,527 in 2013. This home is for sale in Napa’s Old Town.

J.L. Sousa/Register

March 2015 – A29


ROB CHRANE

After decades of operating on the day-to-day transac-tional side of this industry

as an agent and lender, I now enjoy a unique vantage point where the housing industry intersects — real estate, mortgage lending, qua-si-governmental housing agen-cies, policymakers and nonprofit organizations, and, of course, the homebuyer. My observations over the past five years have reinforced some of my long-held beliefs while challenging and even alter-ing others.

First, what hasn’t changed is my respect for real estate pro-fessionals who make an honest living in this crazy business. What has changed is my appre-ciation of how difficult it is for many people and organizations to shake outdated perceptions when opportunity calls.

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

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

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

Now, consider that this same cohort is pessimistic about quali-fying for a mortgage. Research by Zelman & Associates shows that 60 to 72 percent overestimate down payment requirements,

believing that they need at least 11 to 15 percent of the sales price. In addition, 70 percent of U.S. adults are unaware that down payment help exists, according to a NeighborWorks America survey.

We know that there are bil-lions of dollars in down payment help available across all markets. It’s not just for low-income households and low-cost homes. Households earning up to 120 percent or more of area median income can be eligible. Our data also show that more than 70 per-cent of all homes currently listed for sale are eligible for one or more programs. That includes large

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

Millions more people can become successful homeown-ers today — they simply don’t know they can or how to do it. I asked an executive at one of the major listing portals why they don’t share this type of informa-tion with the tens of millions of monthly visitors to their site. The answer: “Because they don’t ask for it.”

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

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

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

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

Why, we’re frequently asked.Why indeed?There are significant challenges

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

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

Real estate is missing opportunity to reach qualified buyersMany homeowners who could get a mortgage think they’re ineligible

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

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March 2015 – 31



Work is underway at a trio of Gasser Foundation properties in south Napa, including a hotel groundbreaking, demolition of one fast-food restaurant to make room for another and the removal of several older commercial build-ings on Soscol Avenue.

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

Work has begun on the foun-dation for the 115-room Hamp-ton Inn & Suites at the movie the-ater complex, beneath the eastern approach to the Maxwell Bridge.

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

“We had multiple developers that wanted to build a Hamp-ton Inn. These guys showed us some buildings designs that were superior,” he said. “We got a lit-tle bit more in terms of additional aesthetics and treatments on the building and more amenities inside the building and on the patio and pool area,” said Fischer. “We also think it fills a great place in Napa’s hospitality market.”

The Hampton Inn should open this fall, said Fischer.

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

With the hotel, fitness center

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

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

The Forge also has restaurants in Danville and Phoenix. A con-tractor, already selected, is likely to begin work later this spring. The restaurant will feature 3,600 square feet of inside space.

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

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

At South Napa Marketplace, an El Pollo Loco, fast-food-style restaurant, will soon replace the recently demolished Burger King. El Pollo Loco should be open for business this year, officials said.

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

Adventure RV, former ly located just north of the Gasser Building at 433 Soscol Ave., has moved south of the Old Adobe restaurant on Soscol. Gasser removed the RV dealer’s old mobile office and other mobile office buildings, according to Fischer. Another tenant, Big Kid Toys, will also move and relocate to Sonoma.

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

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

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

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

COMMERCIAL DEVELOPMENT

Changes at Gasser properties underwayNew restaurants, hotel in the works

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

“El Pollo Loco is a well-performing restaurant chain with some

great healthy options that we see as complementary to the o�erings at South Napa Marketplace.”

Joe Peatman, president of the Gasser Foundation.

March 2015 – 33

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March 2015 – A35

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HANK BAILEY

Renting can certainly be a solid choice while you’re saving for a down payment

or repairing or building credit to obtain a mortgage, but recent findings show that homeowner-ship is still a better deal. The cost to rent is rising faster than any other time in the last six years, according to the Bureau of Labor Statistics, while rental inventory stands at a 20-year low.

There is great benefit in know-ing what types of loans are avail-able that might assist buyers who require a low down payment so that they can become new home-owners in 2015.

In a recent press release, Zillow added to the conversation: “Over the past 14 years, rents have grown at twice the pace of income due to weak income growth, burgeoning rental demand, and insufficient growth in the supply of rental housing. This has cre-ated real opportunities for rental housing owners and investors, but has also been a bitter pill to swal-low for tenants, particularly those on an entry-level salary and those would-be buyers struggling to save for a down payment on a home of their own,” said Zillow Chief Economist Stan Humphries. “Next year, we expect rents to rise even faster than home values, meaning that another increase in total rent paid similar to that seen this year isn’t out of the question. In fact, it’s probable.”

Although the increasing cost to rent and lack of inventory might nudge renters into buying a home, the National Association of Realtors points out that tight credit standards, large student debts and the growth of multi-generational households are con-tributing to the lowest number of first-time homebuyers in decades. Additionally, we are told that ris-ing rent prices mean less money to put away for that down payment.

Even with these difficulties,

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

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

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

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

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

which can allow gift funds for the low 3.5 percent down payment. Both allow medium credit scores with some open collections as well. The USDA loan is the loan that can allow you to get into a home for truly 0 percent down as long as the home appraises. Also, there can be a repair escrow fea-ture on both loans. The USDA can authorize up to 10 percent or $10,000 (whichever is less) to make repairs for appraiser-re-quired issues. And FHA has a rehab loan called the 203(k) where you can borrow between $5,000 and $35,000 for upgrades or repairs to your home.”

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

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

Which home loans are considered best for new buyers?Know where to go to help your first-timers get financed

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

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JUST L

ISTED

VALLEJOBeautiful home in a great neighborhood. Hardwood�oors, remodeled gourmet kitchen, �replace, breakfastRoom with built-in cabinets, Inside laundry room andstorage, brick patio, large family room with balcony.

Many more surprises for you to love!

Nelia Medeiros • CALBRE#01331611 • 707-365-9600Loreto Stribling • CALBRE#01880439 • 707-342-3115

$429,000

JUST L

ISTED


(707) 649-8088www.EagleVinesRealty.com

Serving theentire Bay Area

March 2015 – 41


The Estate atSilverado Highlands

Details Page 3

October 2014October 2014

SILVERADO COUNTRY CLUBTo Host PGA Tour Event October 6-12th

See Pages 17-18 For Details

OCTOBER 2014 SEPTEMBER 2014

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DECEMBER 2014

Coastline & Harbor Views

#1 Real Estate PublicationOver 3 Decades of Presenting Homes of Distinction

www.napavalleyregister.com/homes

December 2014

Dist cni tive Li niv g

Details on page 3

NOVEMBER 2014

NAPA COUNTY’S MOST RECENT HOME SALES*

WeOffer the Most Comprehensive HomeSearchWeb Site in Napa County!

www.napavalleyregister.com/homes

85 DONALDSON WAY 10/27 $415,000 4 3 1,982 1988

202 INDEPENDENCE CT 12/30 $568,000 5 3 3,368 2003

275 CANTADA WAY 12/31 $658,000 6 5 4,525 2009

Calistoga Single Family

1249 MITZI DR 11/25 $458,500 3 2 1,266 1975

1720 ADELE AVE 12/30 $595,000 3 2 1,658 1962

Napa Single Family

4421 MEADOWLARK DR 12/31 $272,500 4 2 1,460 1973

21 HOFFMAN AVE 12/31 $340,000 3 2 1,801 1950

3728 JEFFERSON ST 10/29 $342,000 4 2 1,563 1974

483 MANNERING ST 12/30 $395,000 2 1 858 1950

3538 BAXTER AVE 12/17 $425,000 3 2 1,261 1959

2315 BEACH ST 10/31 $426,500 3 2 1,414 1970

2591 WIMBLEDON ST 12/31 $432,000 4 2 1,559 1955

15 BLACK WALNUT LN 12/29 $440,000 4 3 1,732 1996

1212 LEGION AVE 12/19 $445,000 2 1 1,008 1964

367 RANDOLPH ST 11/25 $510,000 3 1 1,164 1910

311 CASSWALL ST 10/27 $530,000 3 2 1,481 1957

2 BONITA AVE 12/4 $560,000 3 1 1,312 1950

4051 BROWNS VALLEY RD 11/12 $560,000 3 2 1,312 1962

3520 JOMAR DR 12/30 $560,000 4 4 2,451 1961

3834 LINDA VISTA AVE 11/24 $579,000 3 2 1,672 1956

3751 ARGYLE ST 12/12 $580,000 4 2 1,785 1971

6 SUMMERBROOKE CIR 12/30 $642,000 4 3 2,768 2000

23 S NEWPORT DR 12/31 $650,000 4 3 2,170 1992

St. Helena Single Family

1707 PARK ST 11/10 $780,000 2 2 1,325 1971

Napa Condos

1188 PEAR TREE LN 11/12 $67,000 2 3 1,285 1993

18 BRIDGEGATE WAY 11/12 $99,545 2 3 1,187 1998

684 JOLIET WAY 12/31 $275,000 3 3 1,408 1975

1600 ATLAS PEAK RD #443 8/1 $400,000 2 2 962 1968

Yountville Condos

120 VINEYARD CIR 12/31 $675,000 2 2 1,154 1977

Berryessa Rural Residential

1115 WESTRIDGE DR 12/26 $470,000 3 3 1,754 2008

Napa Rural Residential

1191 GREEN VALLEY RD 12/31 $1,725,000 4 3 2,712 1980

Southern County/Carneros Rural Residential

3270 CUTTINGS WHARF RD 12/15 $383,636 2 3 1,975 1996

Napa Vineyard Residential

1180 RAGATZ LN 5/30 $500,000 3 4 2,275 1943

6190 WASHINGTON ST 12/30 $2,150,000 3 2 1,844 1969

Napa Residential Multi Family

1631 MAIN ST 11/20 $115,000 3 1910 6,338

1050 ELM ST 11/15 $300,000 11 0 32,496

2241 LOUISA ST 11/13 $605,000 3 1965 7,064

St Helena Residential Multi Family

990 COLLEGE AVE 12/23 $2,953,500 8 0 0

American Canyon Single Family

ADDRESS RECORD DATE SALE PRICE BED BA SQ.FT. YR BLT ADDRESS RECORD DATE SALE PRICE BED BA SQ.FT. YR BLT

ADDRESS PURCHASE DATE SALE PRICE UNITS YEAR BUILT LOT SIZE

www.napavalleyregister.com/pages/homes*As recorded at the Napa County Tax Assessors Of�ce / John Tuteur (707) 253-4459 / Property sales reported may includepartial interest transfers; sales that are included with other properties; sales that are less any liens on property.

March 2015 – 43

of advertisersColdwell Banker BOV - Carolyn Roberts ................................... 2

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

www.cbnapavalley.com

Napa1775 Lincoln AvenueNapa, CA 94558707.258.5200St. Helena1289 Main StreetSt. Helena, CA 94574707.963.1152Sonoma800 Broadway707.996.3232

CeCe ShortCalifornia OutdoorProperties4338 Berryessa Knoxville Road2015 Redwood Road, Napa707.337.0224

Eagle Vines Realty4381 Broadway/Hwy 29,Ste. 104American Canyon, CA 94503707.649.8088www.EagleVinesRealty.com

Calistoga Realty Co., Inc.1473 C Lincoln AvenueCalistoga, CA 94515707.942.9422www.calistoga-realty.com

Faye GumanReal Estate ServicesFaye Guman, Broker/OwnerNapa, CA707.255.5316

Pinnacle Capital Mtg Corp700 Irwin St., #300San Rafael, CA 94901707.244.1460Sean Marek,Manager Loan [email protected]


Dave JohnsonNapa Residential Realty727 Lincoln Avenue, Ste. ANapa, CA 94558707.226.1400

Windermere1040 Third StreetNapa, CA 94559707.226.1823www.windermerenapavalley.comR E A L E S TAT E

Wilson & Wilson1041 Jefferson Street, Ste. 2Napa, CA 94559707.257.2007www.billandbernie.com

Napa Valley real estate

www.pacunion.com

Napa944 Main StreetNapa, CA 94559707.251.8805

St. Helena1508 Main StreetSt. Helena, CA 94574707.967.1340

420 La Fata Street, Suite 204St. Helena, CA 94574

Sonoma County Offices802 Fourth StreetSanta Rosa, CA 95404

130 Petaluma Avenue, Suite 1CSebastopol, CA 95472

Six C StreetPetaluma, CA 94952

10 Maple Street, Suite 102Sonoma, CA 95475

@ The ARTHouse, 13758 Arnold DriveGlen Ellen, CA 95442Marin County Office523 Fourth Street, Suite 218San Rafael, CA 94901

winecountrygroup.com

Petaluma775 Baywood Drive, Ste. 100Petaluma, CA 95954707.769.0600

Santa Rosa50 E StreetSanta Rosa, CA 95404707.542.9200

Sebastopol7300 Healdsburg Ave., Ste. BSebastopol, CA 95472707.829.2011

Sonoma470 First Street, EastSonoma, CA 95476707.939.2000

St. Helena1316 Main StreetSt. Helena, CA 94574707.963.5266

Bodega Bay850 Highway 1Bodega Bay, CA 94923707.875.9100

Cloverdale233 N. Cloverdale Blvd.Cloverdale, CA 95425707.894.1575

Healdsburg119 North StreetHealdsburg, CA 95448707.431.9440

Napa1130 Main StreetNapa, CA 94559707.265.1600

www.heritagesir.com

Napa780 Trancas StreetNapa, CA 94559707.255.0845St. Helena1126 Adams StreetSt. Helena, CA 94574707.255.0845

Mt. St. Helena Realty1705 Washington St., Suite JCalistoga, CA 94515707.942.6225Email: [email protected]

Jack GoodwinReal Estate ServicesJack Goodwin, Broker/Owner707.257.0443Fax 707.257.1134

Gates Estates6550 Washington StreetYountville, CA 94599707.944.0888www.gatesestates.com

HomeStreet2001 Jefferson Street, Suite ANapa, Ca, [email protected]

St. Helena Real Estate1346 Main StreetSt. Helena, CA 94574707.967.9570www.sthelenarealestate.com

Napa County Offices1405 Second StreetNapa, CA 94559

www.terrafirmaglobalpartners.com800-681-1361/888-864-4133

2015 Redwood Road

March 2015 – 45

A46 — Distinctive PropertiesN A P A • S T . H E L E N A • S O N O M A

cbnapavalley.com


[email protected]

Country Contemporary You’ll find Peace and Tranquilityon this lovely 5 acres of total privacy. 5 Bedrooms, 4 bathand 3,270 square feet of contemporary style with cathedralceilings, expansive master suite, walls of glass, and guestunit with separate entrance. Extensive decking for outdoorenjoyment. Offered at $1,395,000

Napa Valley Paradise Home inspired by Frank LloydWright’s “Falling Water” residence and a setting likethe Sacred Pools of Hana, Hawaii. Spectacular views ofwaterfalls. Privacy and seclusion. 2 Spacious Master Suites.A world away and only 3 miles to the city of Napa.www.GreenValleyRoad.com Offered at $1,395,000

Silverado Resort Home Single level home on large .49 acrelot. 3 Bedroom, 2.5 bath with rich wood floors, vaultedceiling in living room. 2 Fireplaces. French doors lead out todecking and beautifully landscaped backyard. Separate golfcart garage, and transferable club membership.

Offered at $925,000

1.57 Acre Creekside Setting Country cottage tucked awayon a quiet dead end street. 2Bd/2BA spacious home withcoveredwrap around deck.Oversized, detached 2 car garagewith bonus room above and a 900+ sq. ft. shop. Plenty ofroom for all the toys, yet minutes to downtown.

Offered at $779,999

Browns Valley BeautyCaptivating Single level home on treelinedstreet.Beautifulhardwoodfloors,totallyupdatedkitchenwith Black Galaxy granite counters, stainless appliances andMaple cabinets. Updated bathrooms. Backyard patio withrestful water feature and new landscaping.

Offered at $599,000

Desirable Silverado Resort Location Close to parking,the main pool and spa, and mansion. Rare end unit withno unit above. It is also attached to another ground levelstudio unit. Views over a lovely common are with largefountain. Enjoy that resort living has to offer.

Offered at $450,000

March 2015 – A47

N A P A • S T . H E L E N A • S O N O M A

cbnapavalley.com


[email protected]

Classic Style in the Heart of the Wine CountryWonderful corner lot and west side location. This beautiful single level St. Helena home offers hardwood floors, and living

room fireplace. Fantastic backyard patio with in-ground pool, outdoor kitchenwith refrigerator, BBQ, and plenty of room for

entertaining. The master suite has a spa-like master bath with both jetted tub and large shower, 2 separate vanities, and an

amazing walk-in closet with custom built-in storage. Large side yard gives you plenty of room for all of your toys. MLS# 21502706

Offered at $998,000


EACH OFFICE INDEPENDENTLY OWNED & OPERATED

Artfully uniting extraordinary properties with extraordinary lives.

Measuring Our Success By....The People We Help

Gary Rose For all Napa listings go towww.silveradohomes.org707-256-2147CalBRE# 00940226

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

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

White Cliff Ranch

distinctive properties - march 2015

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