Covina, CA. – February 23, 2012 - Olson Homes, Southern California’s leading developer of in-town living, is proud to announce that its new community Citrus Walk is among a host of other new improvements in the community of Covina. While Olson is building the mixed-use community of Citrus Walk to enliven and rejuvenate downtown Covina, the Covina Redevelopment Agency is celebrating the official grand opening of Heritage Plaza Park this week. Simultaneously, the City of Covina is working on studies to improve the pedestrian connections in the downtown area, and recently completed a bike plan for the City.
Citrus Walk, the Olson Company’s fifth new urban living residential development in the Covina area, brings a new style of in-town living to Covina, offering fresh thinking, innovative design, and modern style. The Citrus Walk community features 37 townhomes and 8,000 square feet of new retail space along downtown Covina’s Citrus Avenue, with 8 flats offered as affordable housing over the new retail storefronts. The townhomes, each with approximately 1,600 square feet and three stories, have 3 bedrooms, 2 baths and 1-2 powder rooms, and 2-car garages. The recently released flats offer up to 1500 square feet, 3 bedrooms and several floor plan options.
The homes, built to exceed LEED green living standards, feature energy efficient amenities including Energy Star appliances; water efficient and lead-free faucets; highly water efficient toilets; auto shut-off motion sensors in all baths, space saving tank-less water heaters, and built-in recycle bins, among many other features.
“The Olson Company is proud to be a partner in the Covina community,” said Scott Laurie, President of Olson Homes. “We are creating a residential community that will be an important part of the local landscape, as well as providing an opportunity for increased revenues for the city through new retailers.”
The Citrus Walk community is adjacent to the all new Heritage Park Plaza, a Covina Redevelopment Agency project. The Plaza, resulting in a transformation of Downtown Civic Center Park, will feature a platform stage for open-air performances, a “Heritage Walk” with historical city elements, a tot lot, and a revamped courtyard/town square. Designed to improve park function, the updates will add additional trees and retain as many of the existing trees as possible. The park is now open to and providing enjoyment to all current Citrus Walk homeowners, giving Citrus Walk residents a beautiful park in their very own “backyard.”
The City’s Metrolink station is two blocks north of the Citrus Walk community. The City is working to enhance pedestrian connections with transit in the downtown area to encourage residents to take advantage of the various public transportation options available to them. Covina is one of only a few cities that offer a Bikestation bicycle storage facility at the Metrolink Station, allowing residents the freedom to ride their bikes to the station and store them in a safe and secure location.
The Olson Company’s numerous successful urban living developments across Southern California over the last 22 years reflect its commitment to today’s homebuyer. The Olson Company has garnered prestigious Eliant Awards for homeowner satisfaction, including a recent overall win for Mosaic Walk, which was in first place from almost 900 nationwide home communities. The Olson Company believes in “livability,” and implements a thoughtful and detail-oriented approach from concept through execution. As part of their unique approach to creating these communities, The Olson Company understands all that goes into buying a new home and provides ongoing tailored services to support the needs of its homeowners, including financial education and the exclusive Homeowner Champion Program.
There are still homes available at Citrus Walk. The Citrus Walk sales center is located at 158 Italia Street Covina, CA 91723. To learn more about Citrus Walk, the Olson Company online tools, and how you can own new now, please visit CitrusWalk.com.
Seal Beach, CA. – January 26, 2012 – Olson Homes, Southern California’s leading developer of in-town living, announces recently released affordable flats in its new, stylish Citrus Walk community, located in Covina’s quaint downtown area. Demand is anticipated to be high for these flats, one of few affordable options currently available in Southern California.
Olson is offering 8 of its 12 single level flats as moderate-income affordable housing units. With prices starting at $240,400, these flats are $70,000 and $80,000 below market rate for comparable homes of this size and spec level, and monthly payments will be comparable to rent in the area.
“As redevelopment agencies go through re-structuring and have limited access to funds, affordable housing will become increasingly rare,” said Scott Laurie, President of Olson Homes. “Olson Homes is proud to build communities that fill cities’ needs and help make dreams come true. These flats are an incredible opportunity for moderate income families that are renting now, looking for their next step.”
Positioned over the new Olson retail storefronts in Covina’s revitalized downtown, the 8 affordable flats offer up to 1,311 square feet, 2-3 bedrooms and offer single level living above a 2-car garage. The flats, built to exceed LEED green living standards, feature energy efficient amenities including Energy Star appliances; water efficient and lead-free faucets; highly water efficient toilets; auto shut-off motion sensors in all baths, space saving tankless water heaters, and built-in recycle bins, among many other features.
The Olson Company’s numerous successful urban living developments across Southern California over the last 22 years reflect its commitment to today’s homebuyer. The Olson Company has garnered prestigious Eliant Awards for homeowner satisfaction, including a recent overall win for Mosaic Walk, which was in first place from almost 900 nationwide home communities. The Olson Company believes in “livability,” and implements a thoughtful and detail-oriented approach from concept through execution. As part of their unique approach to creating these communities, The Olson Company understands all that goes into buying a new home and provides ongoing tailored services to support the needs of its homeowners, including financial education and the exclusive Homeowner Champion Program.
For more information on the City of Covina’s affordable housing program, and how to apply and join the interest list, please visit CitrusWalk.com. To qualify, families need to have incomes in the moderate-income range, as determined by the California Department of Housing and Community Development (HCD).
About The Olson Company
Established in 1988, The Olson Company and the Olson Homes brand are nationally recognized for creating unique in-town neighborhoods in urban communities throughout California. Headquartered in Seal Beach, California, The Olson Company has successfully partnered with governmental agencies and private landowners to create innovative housing solutions designed to fulfill the lifestyle needs of today’s buyer.
Black Friday is upon us! While merchants are busy gearing up for a record Black Friday filled with sales, Olson Homes wants to spell out 10 reasons why shoppers should buy a new home instead. So here are our 10 reasons why it’s good to buy a home and skip the big box Black Friday sales.
1. Home shoppers have waited long enough. Good deals are available for the asking.
In case home shoppers may have missed this, this is the best buyer’s market we have seen on over 30 years. If home shoppers are waiting for the bottom, they may have already missed it! No one will ever catch the bottom mostly because no one knows where that is. The truth is it doesn’t really matter so much in the long haul.
2. Mortgages are cheap. Very cheap.
Home shoppers can get a 30-year loan for around 4.3%. In some cases home shoppers may find special buy down rates that get down to 3.75% What’s not to like about low interest rates? These are the lowest rates on record. As recently as two years ago they were about 6.3%. That drop slashes your monthly repayment by a fifth. If inflation picks up, home shoppers won’t see these mortgage rates again in their lifetime. And if we get deflation, and rates fall further, homeowners can always refinance.
3 Home shoppers will save on taxes. Tax breaks for itemization.
Here is a plus. Home shoppers can deduct the mortgage interest from their income taxes. Try doing that on your standard holiday purchases. With a new home purchase, home shoppers can deduct their real estate taxes. And they’ll get a tax break on capital gains–if any–when they sell. Sure, home shoppers need to do the math. Homeowners only get the income tax break if they itemize their tax deductions, and many people may be better off taking the standard deduction instead. The breaks are more valuable the more people earn, and the bigger their mortgage. But savvy homeowners will find that these tax breaks mean owning costs them less, often a lot less, than renting.
4. This time it’s personal! That new home is a design showcase.
Get in early enough on a new home and home shoppers can have the kitchen and bathrooms they really want. Homeowners can upgrade to their hearts content. They can get the flooring, window treatments, and upgraded appliances they have dreamed about. New home ownership also allows homeowners to add these items to their monthly mortgage payments at a cost that adds only a bit more to their monthly mortgage payments. Black Friday shoppers should try this instead of maxing out their credit cards at 22% interest rates. Consider that fact when in the check out line that this purchase won’t will be paid back for many years to come. Hmmm, maybe buying a new home instead does make more sense?
5. Home shoppers get a better home. Much Better!
Renting a place gives people a place to rest their heads and a space to park their belongings, but generally speaking, if they want the best home in the best neighborhood, most people are better off buying a new home. Plus new homeowners get that great new home smell!
6. It offers some inflation protection.
Black Fridays come and go but studies by Professor Karl “Chip” Case (of Case-Shiller), and others, suggest that over the long-term housing has tended to beat inflation by a couple of percentage points a year. That’s valuable inflation insurance, especially if raising a young family and thinking about the next 30 or 40 years. The rule of thumb is if anyone that plans on living in a place for 5 years or more, they may be better off buying than renting. If someone is planning on moving every few years they may want to re-think that strategy and lock-in home ownership while it is still affordable and within reach.
7. It’s risk capital. That is comfort now, equity later.
No, a home isn’t the stock market and no one should view it as the way to get rich. Thats what got people into the mess we see on the news. But current indicators suggest that the economy may surprise us all and start booming, sooner or later real estate prices will head up again, too. Long after the Black Friday sale items are forgotten in the back of a closet, your new home will have gained equity. One lesson from the last few years is that stocks are incredibly hard for most normal people to own in large quantities–for practical as well as psychological reasons. Equity in a home is another way of linking part of a portfolio to the long-term growth of the economy–if it happens–and still managing to sleep at night.
8. It’s forced savings. Pay yourself first!
Suppose one can rent an apartment for $2,000 month instead of buying one for $2,400 a month, renting may make sense. But will people save that $400 for their future? A lot of people won’t. People have to do the math, but need to remember that part of a mortgage payment that goes to principal repayment isn’t a cost. Homeowners are just paying themselves by building equity. As a forced monthly saving, it’s a good discipline.
9. There is a lot to choose from. 4 New home communities to be exact!
Olson Homes may be biased, but when it comes to home affordability, home shoppers should consider one of our great new Southern California new home communities. From the mid $300s Olson Homes has the best selling Citrus Walk in Covina visit Citruswalk.com, from the high $200s Olson Homes has 2 new home communities; the final phase of Rio Walk in Montebello visit RioWalkHomes.com, and the very last home at Heritage Walk in Paramount visit HeritageWalkParamount.com, and in Garden Grove from the low $300s there is the nearly sold out Mosaic Walk visit MosaicWalk.com. Any of these communities offer great locations and great value for new home shoppers.
10. Sooner or later, the market will clear. Be there when it does.
Demand and supply will meet. The population is forecast to grow by more than 100 million people over the next 40 years. That means maybe 40 million new households looking for homes. Meanwhile, today’s home shoppers will be so happy they bought a new home now, and be able to brag about how smart they were way back when people without vision let this once in a lifetime home ownership opportunity pass them by.
So there it is! 10 great reasons not to shop on Black Friday and buy a new home instead.
Olson Homes announces a community wide Hot Deals Event this weekend at four of its top selling new home communities.
Seal Beach, CA (PRWEB) November 16, 2011 – At Rio Walk in Montebello, homebuyers can take advantage of great savings at Rio Walk’s 48-hour Sale, so popular with homebuyers, the sale has been held over for another weekend. Olson Home’s Rio Walk community is popular with home shoppers looking to be close to their jobs in LA . The Rio Walk Sales Center, located at 947 S. Bluff Road, Montebello, CA 90640, will be open from 10am to 5pm. Visitors can take advantage of incredible deals including up to $20,000 off of new townhomes loaded with modern features and community amenities, located just 8 miles from downtown Los Angeles.
The Hot Deals continue this weekend at Mosaic Walk in Garden Grove where the very last phase has just been released and soon will be sold out. Just announced closeout prices at Mosaic Walk have resulted in huge savings for homebuyers of up to $20,000. Mosaic Walk is located at 12848 Palm Street #4 Garden Grove, CA 92840, and is open from 10am to 5pm.
The savings continue at the newest Olson Homes community, Citrus Walk in Covina. Fresh Deals are abound at this conveniently situated new home community. Live here and park the car. At Citrus Walk homeowners walk everywhere. Visit a walking-close restaurant, café, bakery or even Starbucks. Get fresh produce at the Farmer’s Market right around the corner. Citrus Walk is open from 10am to 5pm and is located at 137 E. Italia Street, Covina, CA 91723.
The Olson Company’s numerous successful urban living developments across Southern California over the last 22 years reflect its commitment to making the homebuyer top priority. The Olson Company believes in “livability,” and implements a thoughtful and detail-oriented approach from concept through execution. As part of their unique approach to creating these communities, The Olson Company understands all that goes into buying a new home and provides ongoing tailored services to support the needs of its homeowners, including financial education and the exclusive Homeowner Champion Program.
About The Olson Company
Established in 1988, The Olson Company and the Olson Homes brand are nationally recognized for creating unique in-town neighborhoods in urban communities throughout California. Headquartered in Seal Beach, California, The Olson Company has successfully partnered with governmental agencies and private landowners to create innovative housing solutions designed to fulfill the lifestyle needs of today’s homebuyer.
COVINA, CA. – July 28, 2011 – The Olson Company, the leading developer of in-town urban living, announces the debut of two communities within a 20 minute commute to downtown Los Angeles. Citrus Walk, located in the heart of downtown Covina and within walking distance to shops, restaurants, and MetroLink, and Rio Walk in Montebello just 8 miles from LA Civic Center. Both communities offer LEED Certified homes that are innovatively designed to fit active, urban lifestyles.
Citrus Walk is The Olson Company’s fifth new urban living residential development in the Covina area. The Citrus Walk community will offer 37 townhomes and 8,000 square feet of new retail space along downtown Covina’s Citrus Avenue, with 12 flats over the new retail storefronts. The townhomes, each with approximately 1,580 square feet and three stories, will have 2-3 bedrooms, 2 baths and 1-2 powder rooms, and 2-car garages. Metrolink’s Express service from the Covina station is a fast pass to downtown LA and just a short walk from Citrus Walk’s front door.
With prices starting in the high $290,000’s, Rio Walk is an exceptional value and highly desirable option for prospective homebuyers looking to live in the heart of Los Angeles County close to employment centers, retail, dining, transportation, recreation and entertainment.
Rio Walk is located in historic Montebello and just 8 miles from downtown Los Angeles and the newly opened L.A. Live Entertainment Complex adjacent at Staples Center. Montebello’s neighborhood community features rolling hills, bike baths and much more while providing quick access to the newly created downtown Los Angeles entertainment district, giving many young homebuyers the option of having the best of both worlds close at hand. Combine this great location, affordable pricing, and under 20 minute commute to LA; the choice for selecting a new home becomes clear to understand.
The homes, built to exceed LEED green living standards, feature energy efficient amenities including Energy Star appliances; water efficient and lead-free faucets; highly water efficient toilets; auto shut-off motion sensors in all baths, space saving tank-less water heaters, and built-in recycle bins, among many other features.
“The Citrus Walk community represents the culmination of years of work with the City of Covina to create a new brand of ‘walkable’ community within Covina’s downtown, offering the best of an in-town lifestyle,” said Steve Olson, Chairman/CEO of The Olson Company. “Located close to shops, restaurants, and MetroLink’s new San Bernardino Express line, Citrus Walk embraces and caters to active lifestyles.”
The Olson Company’s numerous successful urban living developments across Southern California over the last 22 years reflect its commitment to the homebuyer as top priority. With its notable homeowner satisfaction, The Olson Company has garnered prestigious Eliant Awards in six categories in 2010, including a number one ranking for the “Design Selection” experience, and second for delivering an incredible experience during the Purchase, Construction, and Customer Service phases, and ranked second for “Overall Quality” and “Sales from Referrals.” The Olson Company believes in “livability,” and implements a thoughtful and detail-oriented approach from concept through execution. As part of their unique approach to providing these communities, The Olson Company understands all that goes into buying a new home and provides tailored services to support the needs of homebuyers, such as financial education and continued support services.
The Citrus Walk sales center is located at 158 Clementine Court Covina, CA 91723. To learn more about Citrus Walk please visit CitrusWalk.com.
The Rio Walk sales center is located 945 S. Bluff Road Montebello, CA 90640. To learn more about Rio Walk please visit riowalkhomes.com.
Come one, come all to the Grand Opening Event of the year! Heritage Walk has pulled out all the stops in creating an authentic country fair in celebration of our new model home unveiling.
Creating a memory filled day with tents, hay, and food booths serving up such delectable fun fair foods all guaranteed to satisfy your mid day munchies fix. Hot dogs and all the fix-ins’, popcorn, lemonade, and cotton candy will provide you with the energy to play great carnival games for prizes.
For the little ones, Princess Pipsqueak will be here for face painting and making amazing balloon animals!
Hope to see you here Saturday May 14th!
For more details CLICK HERE
Bring a camera to share your Country Fair photos with us on Facebook.
We just launched our brand new website. Come back and check out all the great interactive features, view floor plans, explore the area and so much more! Be sure to check back often for special offers, new releases and great homebuyer tips and news. If you Facebook, YouTube or Tweet, be sure to join us on those sites too!
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