Home for Sale at 15 Windflower, Aliso Viejo, CA 92656

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15 Windflower
Aliso Viejo, CA 92656

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Property Details

List Price:	$1,200,000
Beds:	3
Baths:	3
Status:	Pending
SqFt:	1781
Agency:	Coldwell Banker Residential Brokerage

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Description/Comments

Lot Size:	4,000 sqft
Property Type:	Residential
Year Built:	1987
Notes:	Welcome to 15 Windflower, an exciting fixer-upper opportunity nestled within Aliso Viejo's sought-after Glenwood Terrace community! This two-story residence, featuring 3 bedrooms and 2.5 bathrooms, awaits your creative vision to transform it into the home of your dreams.<br /> Step inside to discover a cozy family room with a fireplace, perfect for creating warm and memorable gatherings with loved ones. The kitchen, opening to a spacious backyard with fruit trees, presents an ideal canvas for outdoor entertaining and relaxation.<br /> While the property requires some TLC, the potential is endless. With your personal touch and remodeling efforts, you can customize this home to suit your unique style and preferences, making it truly your own.<br /> Residents of Glenwood Terrace enjoy access to fantastic association amenities, including a pool, jacuzzi, tennis courts, gym, and clubhouse, providing endless opportunities for recreation and leisure.<br /> Conveniently situated near Aliso Town Center, Laguna Beach, and top-rated schools, this property offers the perfect blend of convenience and lifestyle. <br /> Whether you're a seasoned investor looking for your next project or a homeowner eager to put your stamp on a property, 15 Windflower presents a rare opportunity to remodel and create your ideal living space in a desirable location.<br /> Don't miss out on this chance to unlock the potential of this fixer-upper and make it your own. Schedule a showing today and envision the possibilities that await in this remarkable home!
MlsNumber:	OC24091901

Listing Provided By:	Coldwell Banker Residential Brokerage, original listing
Name:	Coldwell Banker Residential Brokerage
Phone:	(800) 500-4053
Office Name:	Coldwell Banker Realty
Office Phone:	(949) 552-2000
Agent Name:	Somayeh Kargar
Disclaimer:	Copyright Â© 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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