Home for Sale at 23212 Via Celeste, Coto de Caza, CA 92679

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23212 Via Celeste
Coto De Caza, CA 92679

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Property Details

List Price:	$10,500
Beds:	5
Baths:	Full: 4, ½: 1
Status:	Active
SqFt:	4870 Square Feet
Agency:	Coldwell Banker Realty
Agency Phone:	(949) 837-5700

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential Lease-Single Family Residence
Year Built:	1990
Notes:	Executive Estate living in the beautiful and luxurious community of Coto de Caza. This magnificent 4,800+ square foot residence has been fully remodeled with no expense spared. The floor plan offers quality living space with 5 spacious bedrooms with 4.5 bathrooms, formal dining room, family room, bar with dual fridges, an expansive great room, and additional office space makes this home ideal for larger families and working from home. Step into the spacious designer kitchen with new Bosh appliances throughout, beautiful Quartz counters, and center island. Enjoy the sweeping views of the Coto Valley and Saddleback mountains from the massive master bedroom and oversized spa like master bathroom with dual zone shower, dual sinks with vanity area and extended walk-in closet. Dual zone air conditioning, tankless water heater, and water treatment system are but a few of the amenities this property has to offer. The functional floorplan features four fireplaces and two staircases. The desirable flag lot is situated in the end of a cul-de-sac offers great privacy with almost a ½ acre lot, with a wrap around 180 degree view of the valley and mountains. The property has been converted to a highly desirable environmentally friendly sustainable low water landscaping and two large low maintenance artificial turf areas perfect for outdoor sports and entertaining. The large patio area offers multiple entertaining areas, as well as a newly refurbished pool and spa. The attached 4 car garage offers space for collectors while the oversize driveway provides parking for additional vehicles. Excellent location within close proximity to the sports complex and Coto amenities.
MlsNumber:	--
ListingId:	OC23207818

Listing Provided By:	Coldwell Banker Realty, original listing
Phone:	(949) 375-1265
Office Phone:	(949) 837-5700
Agent Name:	Scott Arnott
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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