Blog :: 09-2012

M&I Bank is offering a unique Neighborhood Home Loan Program

M&I, soon to be BMO Harris Bank, is offering another fantastic financing option called the Neighborhood Home Loan Program (NHLP), which is a 30 year, fixed-rate loan with as little as 3% down with NO PRIVATE MORTGAGE INSURANCE! Potential clients would also be able to receive a $1,600 closing cost credit from M&I Bank if they open a Portfolio Checking account and establish auto-pay for their new mortgage.

Typically, NHLP is an income restricted program, however, there is no income restriction when utilizing the program for the purchase of a home in a "low" or "moderate" income census tract (defined by the Federal Government based on census data). This program can be used on owner-occupied single family homes, duplexes (with 5% minimum down), or condos that meet Freddie Mac guidelines.

NHLP loans can also be utilized by borrowers buying a property in Dane County who make under $65,500 gross annual income. Borrowers under this income limit can use this program to purchase owner-occupied homes that are not located in "low" or "moderate" income census tracts. These borrowers buying outside of a "low" or "moderate" income census tract would be eligible to receive a $1,100 closing cost credit from M&I if they open a Portfolio Checking account us and establish auto-pay for their new mortgage.

With interest rates still at or near historic lows, coupled with this lending option, you really shouldn't wait to make a move. Get into a new home before the holidays!

Where are the homes for sale that qualify for this great program? Call Carlos Alvarado today to find out. Or if you'd like to speak to our preferred M&I Bank lender about this program, please contact David Clem at 608.231.5675 or or visit to apply online today.

Madison WI Real Estate Market Update - Up 18%!

Madison area sales are on the upswing and have been for more than a year.

August single family home sales in the Madison WI area were up almost 18% over August of 2011. This is the fourteenth consecutive month that the sales volume has exceeded monthly sales year over year! That is impressive for the Madison WI real estate market. What does it mean for you?

If you are thinking that now is the time to make a move, please contact us and we can help you weigh your options.

Source: South Central Wisconsin Multiple Listing Service.

Just SOLD - 3353 Bradbury Court, Madison! $290,000

Celebrating another successful closing at 3353 Bradbury Court on Madison's west side! Listing Agent, Sara Alvarado, knew that the location of this home on top of a hill with the backyard bordering protected forest green space and near the local park would help it sell to the right family if it was presented in the best way possible. After a lot of hard work from the Sellers and willingness to stage the home, they were able to get a great offer and move on to the next chapter of their lives. Listed for $299,900 this home sold for $290,000 in 145 days. Congratulations!

What sets The Alvarado Group apart from the other real estate companies is our professionalism, marketing savvy, real life experiences and that is exactly what got the job done!  If you would like to learn more about how Sara Alvarado can get your home sold, contact her at 608.438.5005 or

530 Toepfer Ave in Westmorland - Madison Home for Sale

Feel the bungalow love in this charming Westmorland home! Sunshine pours in, great layout for entertaining & easy living with open kitchen & dining area plus a bonus sun/play room off dining area. Master bedroom upstairs offers walk-in closet & half bath. Fantastic yard with patio & garden. Many updates: stainless steel appliances, roof new 2010, water heater new 2011, water softener 2009 & more! Finished lower level office. Sellers sad to be relocating away. Walk to park, library, coffee shop & Capital City Trail.

  • 3 BR, 2.5 BA, 1696 Sq.Ft.
  • 1 car attached garage
  • Master bedroom with walk in closet and half bath.
  • Beautiful backyard and garden
  • For current price and more information, click here



530 Toepfer Ave - Property Features

  • 2011: new water heater installed
  • 2010: roof replaced
  • 2009: garage door & water softener replaced; exterior re-painted
  • 2007: landscaping updated
  • Main floor has been freshly painted
  • Light fixtures recently replaced in dining room, kitchen, main floor bedrooms and sun/play room
  • Stainless steel kitchen appliances were replaced within the last 10 years
  • Furnace replaced in 2002
  • All window coverings included
  • Washer & dryer are negotiable
  • Sellers have a UHP Home Warranty on the property and the   remaining balance on the current year transfers to the new  owner at no cost (expires 4/5/13).

Westmorland Neighborhood Information

Westmorland is a friendly community on Madison's West side. Nearby Glenway and Odana Golf Courses, the UW Arboretum, Henry Vilas Zoo and many local parks provide lots of recreational opportunities. Tree-lined streets, a variety of  architectural styles and simple affordability of homes make this neighborhood ideal for both young families and older individuals. The Westmorland neighborhood  association is very active and has its own band, coordinates the Westmorland Health Fund Drive, and hosts a variety of social events (such as Winter Play Day, Summer  Garden Tour, Halloween Parade/Party, Winter House Decorating Contest).

  • Close to Sequoya Commons (library, ice cream shoppe, fitness gym)
  • Minutes to shopping at Hilldale Mall, Target, Sentry and Whole Foods.
  • Quick bike ride to Monroe Street shopping, restaurants, vibrant community with parks, bike trails, Lake Wingra, Arboretum and more!


School District Information for 530 Toepfer Ave.


Sara Alvarado, The Alvarado Real Estate Group This home is marketed by Sara Alvarado, Broker / Listing Specialist - The Alvarado Real Estate Group. For a showing of this home or to discuss selling your home, please contact Sara at 608.438.5005, or

4129 Hillcrest Drive - Madison Home for Sale

Beautiful Sunset Village, close to Hoyt Park, Hilldale area & blocks to Sequoya Commons, ice cream shoppe, coffee, library! Perfect walking, biking and park-hopping neighborhood. This 3 bedroom home has been well cared for over the years & features hardwood floors, large windows (upstairs windows are all new), free standing gas stove in the den and finished space in the lower level. All 3 bedrooms are upstairs along with a laundry room. 2nd bedroom has  private deck. Walk-in closets, beautiful backyard.

  • 3 BR, 1.5 BA, 1784 Sq.Ft.
  • Insulated 1 car attached garage
  • Hardwood floors throughout
  • Second floor laundry room
  • For current price and more information, click here



4129 Hillcrest Drive Property Features


  • One year UHP Basic Home Warranty included
  • Free standing gas stove in the den
  • Lower level is partially finished for more living space
  • Walk-in closets
  • Gorgeous backyard with updated landscaping
  • New windows upstairs
  • New doors to deck from 2nd bedroom and from den to yard
  • New carpet in basement
  • Washer & dryer are included
  • Whole house has been re-painted
  • No central air conditioning
  • Water softener is rented and paid for until July 2013


Neighborhood Information


The Sunset Village area is a popular, cozy West Madison neighborhood nestled on tree lined streets with rolling hills and panoramic views. Close to University of Wisconsin Hospital, Veteran's Hospital, and the University Avenue corridor, this area also is only 4 1/2 miles from the Capitol Square.

  • Neighborhood Parks: Lucia Crest, Sunset, Hoyt, Reservoir & Quarry
  • Blocks to the Sequoya Library
  • Close to shopping at Hilldale Mall, Target, Sentry, Whole Foods and Walgreen's
  • Other local restaurants like The Great Dane & Fleming's Steak House, the upscale Sundance movie theater & Glenway golf course are nearby


School District Information for 4129 Hillcrest Drive


Sara Alvarado, The Alvarado Real Estate Group This home is marketed by Sara Alvarado, Broker / Listing Specialist - The Alvarado Real Estate Group. For a showing of this home or to discuss selling your home, please contact Sara at 608.438.5005, or

5690 Ashbourne Lane - Fitchburg Home for Sale

Stunning, spacious & with so many windows there is natural light everywhere! Birch flooring throughout main level, huge open area, great for entertaining. Beautiful glass block throughout. Don't miss the hidden pantry in kitchen with Subzero fridge, solid surface counters, breakfast bar. Master suite offers his/her bathrooms & closets with shared jetted tub & steam shower with rain shower head. Stamped concrete patio & sunroom. Plenty of storage, walk in closets, huge basement with shelving & separate stairway from garage.

  • 4 BR, 4.5 BA, 4417 Sq. Ft.
  • 3 car attached garage
  • Large, private lot with great landscaping
  • For current price and more information, click here



5690 Ashbourne Lane Property Features


  • Kitchen pantry is neatly hidden next to the double ovens
  • Breakfast bar stools are included in purchase price
  • 2012: furnace & central air cleaned & checked
  • 2011: motherboard of the flat-top stove replaced
  • 2009: new compressor in freezer
  • Central vacuum system
  • Washer & dryer are negotiable
  • Security system (hasn't been used by current owner)
  • Master walk-in shower steam room has 2 shower heads  (regular & rain)
  • Stamped in concrete patio & sunroom
  • Lawn sprinkler system maintained Bruce Company
  • Professional lawn care maintenance & snow removal by Greenscapes
  • 3 car garage with stairway access to the basement
  • 2 sump pumps in basement (has been completely dry)


Neighborhood Information


This popular area of Fitchburg is located just past Madison's west side and includes beautiful newer construction homes and condominium communities. Bordered on the north side by the University of Wisconsin Arboretum, the Highlands of Seminole neighborhood also features it's own park--Chicory Meadow--nestled right in the middle of the community and has access to the Capital City Bike Trail. There is a very active neighborhood association as well, complete with a Board of Directors that meets annually, which helps coordinate a quarterly newsletter, yearly area-wide garage sale, and other various activities.

For more info, you can find the association website at:


School District Information for 5690 Ashbourne Lane


Sara Alvarado, The Alvarado Real Estate Group This home is marketed by Sara Alvarado, Broker / Listing Specialist - The Alvarado Real Estate Group. For a showing of this home or to discuss selling your home, please contact Sara at 608.438.5005, or