Home for Sale at 2 Lafayette, Aliso Viejo, CA 92656

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2 Lafayette
Aliso Viejo, CA 92656

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Property Details

List Price:	$4,200
Beds:	3
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	1296 Square Feet
Agency:	Re/Max Premier Realty
Agency Phone:	(949) 451-1200

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Description/Comments

Lot Size:	0 sqft
Garage:	Garage
Property Type:	Residential Lease-Condominium
Year Built:	1996
Notes:	.<br /> Welcome to this stunning, extensively remodeled detached condo located in the highly sought-after gated community of Aliso Viejo. This property truly stands out as a gem in the heart of Aliso Viejo.<br /> <br /> Upon entering the community, you'll be greeted by a well-maintained family-friendly neighborhood with easy access to shops and freeways. As you step through the front door of this condo, you'll immediately notice the open and airy living space. The layout seamlessly connects a spacious family and dining area with a modern, fully equipped kitchen. This kitchen boasts elegant quartz countertops and brand-new appliances, including a refrigerator, five-burner freestanding gas stove, oven, microwave, and dishwasher.<br /> <br /> A gracefully curved spiral staircase leads you to the second floor, which houses three well-appointed bedrooms. The expansive master bedroom features its own private master bath, complete with dual sinks, a separate shower, a bathtub, and a WC. The two additional bedrooms share a generously sized full bath, also equipped with a shower, bathtub, and WC.<br /> <br /> Additionally, the second floor includes a versatile loft area that can be used as a small office or additional living space. The property offers a large attached two-car garage and ample driveway parking, ensuring plenty of space for residents and guests.<br /> <br /> Enjoy sunny days and entertaining on the rear patio, complete with a BBQ area. This community is truly exceptional, and this condo is perfect for those seeking a beautiful home in an excellent neighborhood.
MlsNumber:	--
ListingId:	OC24193566

Listing Provided By:	Re/Max Premier Realty, original listing
Phone:	(949) 451-1200
Office Phone:	(949) 451-1200
Agent Name:	Marti Mohseni
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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