Home for Sale at 6692 Alamitos Circle, Huntington Beach, CA 92648

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6692 Alamitos Circle
Huntington Beach, CA 92648

Lance Barker with RE/MAX Select One, original listing - (714) 846-3800

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Property Details

List Price:	$3,799,500
Beds:	5
Baths:	Full: 3, ½: 1
Status:	Active
SqFt:	4200 Square Feet
Agency:	RE/MAX Select One
Agency Phone:	(714) 846-3800

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Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1991
Notes:	As you make your way in from the front door, you are greeted with New beautiful custom wood floors all throughout, high vaulted ceilings, and plenty of natural light. The grand foyer makes for great entertainment purposes complimented by the large windows. The dining area can fit a 12 foot table to accompany your entertainment desires. The gourmet kitchen consists of high end Thermador appliances, New quartz countertops, New quartz backsplash, New cabinets, and an island that truly compliments the flow of the kitchen. Walk in pantry. There is an additional family room where one can choose to relax by the fireplace, redone with New white stone, and enjoy the serene living. Main floor bed/office has custom built-ins. There you will find two additional bedrooms separated by another full bathroom. Upgraded laundry room. As you continue down the hallway, you enter through the double doors into the large primary suite with . The primary bedroom is huge and has private balcony. The primary bath has large double vanities making for great space for each individual. There is also a New large soaking tub with a New separate walk in shower. Included in the master bedroom is a large walk-in closet. The backyard is amazing with a pool, spa, built in BBQ perfect for summer BBQ’s and entertaining family and friends. This prime location allows one to walk to the beach, to several parks, the wetlands walking trails, Pacific City, and the award-winning California distinguished Sea Cliff Elementary School.
MlsNumber:	--
ListingId:	OC24236263

Listing Provided By:	RE/MAX Select One, original listing
Phone:	(714) 932-2411
Office Phone:	(714) 846-3800
Agent Name:	Lance Barker
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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