Home for Sale at 2084 Del Mar Avenue, Laguna Beach, CA 92651

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2084 Del Mar Avenue
Laguna Beach, CA 92651

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Property Details

List Price:	$6,000
Beds:	2
Baths:	2
Status:	Active
SqFt:	1056
Agency:	Compass

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Description/Comments

Lot Size:	1,976 sqft
Property Type:	Rental
Year Built:	1978
Notes:	Perfectly sited on a corner lot in Arch Beach Heights, this Laguna Beach home embodies coastal comfort. Completely remodeled with an efficient floor plan and abundant natural light, the home presents an inviting living space, 2 bedrooms, and 2 bathrooms with updated tiling and hardwood floors, modern finishes, and high ceilings. The main living area offers large windows, a fireplace, and direct access to a cozy outdoor patio. The master bedroom enjoys a private balcony with ocean views. Both bedrooms showcase beautiful ensuite bathrooms with heated tile floors and updated fixtures. Stainless steel appliances adorn the nicely sized kitchen which is equipped with a center island, ThinQ refrigerator, and wine fridge. The home also boasts smart features such as smart canned lighting and remote-controlled blinds. Best of all, the property is located directly across the street from Moulton Meadows Park, a central hub for endless outdoor recreation with tennis courts, playgrounds, huge grass lawns, and miles of scenic hiking and biking trails. Just a short drive or free trolley ride to the beach and local shopping & dining, this opportunity presents access to every perk of the local lifestyle.
MlsNumber:	LG24113767

Listing Provided By:	Compass, original listing
Name:	Compass
Phone:	(949) 438-4340
Office Name:	Compass
Office Phone:	(949) 339-3659
Agent Name:	Morgan Just
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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