Home for Sale at 2515 W 117th Street, Hawthorne, CA 90250

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2515 W 117th Street
Hawthorne, CA 90250

Rhoda Hymas with West Shores Realty, Inc., original listing - (310) 541-8000

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Property Details

List Price:	$1,299,000
Beds:	3
Baths:	Full: 3
Status:	Active
SqFt:	2347 Square Feet
Agency:	West Shores Realty, Inc.
Agency Phone:	(310) 541-8000

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1954
Notes:	Radiating with character and charm, this large 3-bedroom, 3-bathroom 2-story home is nothing short of amazing. The minute you pull up to the front yard, you’ll feel at home with the stunning curb appeal of the brick details and lovely walkway that leads you from the sidewalk, through your sprawling lawn and to your front door. Step inside and be wowed by the open concept living spaces. Wood-like flooring flows throughout your dining room and living room and added tile flooring throughout the kitchen and laundry room. A few features of the main living space include an abundance of natural light and window shutters throughout the home. Walk upstairs to a spacious bedroom retreat with bathroom and a corner seating area perfect for reading. Did we mention this home was built for entertaining? Take a small step down from the living room and be transported to your very own family/game room. This rooms screams hosting!! Outside you’ll find another fun surprise, a covered seating area to enjoy those warm summer nights. This home did not skip a beat. It has an indoor laundry room, and even an attached two car-garage. Take the opportunity to own a unique piece of Hawthorne before it’s too late!
MlsNumber:	--
ListingId:	SB24162519

Listing Provided By:	West Shores Realty, Inc., original listing
Phone:	(562) 881-7272
Office Phone:	(310) 541-8000
Agent Name:	Rhoda Hymas
Disclaimer:	Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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