Home for Sale at 926 Skymeadow Drive, Placentia, CA 92870

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926 Skymeadow Drive
Placentia, CA 92870

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Property Details

List Price:	$1,150,000
Beds:	4
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	2107 Square Feet
Agency:	ERA North Orange County
Agency Phone:	(714) 996-3000

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Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1964
Notes:	THIS HOME IS A MUST SEE! BEAUTIFUL, SINGLE-STORY home in a highly sought after Placentia neighborhood! This home features a bright and open floor plan with 4 bedrooms, 2.5 bathrooms with 2,101 square feet of spacious living on a 10,200 sq ft lot (.23 acres)! You are welcomed at the entry into the HUGE living room which features beautiful stone fireplace, smooth ceilings with recessed lighting, sliding glass doors for plenty of natural lighting, and is open to the kitchen which makes it great for entertaining. The beautifully designed kitchen features plenty of cabinetry for storage, beautiful countertops, stainless steel appliances including double oven, gas cooktop with vent hood, recessed lighting, large island with seating, and is open to both the dining room and living room. The primary bedroom suite features a remodeled ensuite bathroom with beautiful vanity and extra cabinetry for storage, and a large walk-in shower. Spacious bedroom area that includes recessed lighting, plenty of natural lighting with direct access to the private patio area. The three additional bedrooms are generously sized, have plenty of closet room and share a remodeled hall bathroom that includes a beautiful double sink vanity and tub/shower combo. Private Backyard features LARGE grassy area, mature landscaping, patio area and plenty of room to entertain. Perfect for a pool or expansion. Located in the Award-winning Placentia-Yorba Linda Unified School District with NO HOA, close to shopping, restaurants, freeways and CSUF. Come view this beautiful house and make it yours today!
MlsNumber:	--
ListingId:	PW24183821

Listing Provided By:	ERA North Orange County, original listing
Phone:	(714) 713-4663
Office Phone:	(714) 996-3000
Agent Name:	Darryl Jones
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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