Home for Sale at 2745 Laguna Canyon Road, Laguna Beach, CA 92651

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2745 Laguna Canyon Road
Laguna Beach, CA 92651

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Property Details

List Price:	$1,395,000
Beds:	2
Baths:	2
Status:	Active
SqFt:	1386
Agency:	Side

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2020
Notes:	Exceptionally rare, undeniably luxurious, and one of the only newer-construction residences of its kind in<br /> Laguna Beach, this modern, open and light-filled condo offers a versatile live/work design at The Sheds in<br /> the heart of Laguna Canyon. The talents of Laguna Beach-based Horst Architects, Inc. are on display<br /> throughout the three-level loft-style floorplan, which includes two covered parking spaces on the first floor,<br /> main living areas on the second, and an office with sunny balcony on the third. Enjoy two ensuite bedrooms<br /> with walk-in closets, two baths, and a spacious living room with private deck in about 1,386 square feet.<br /> Opening directly to the family room, the high-end kitchen features a large dual-waterfall island with bar<br /> seating, quartz countertops, white Shaker cabinetry, a farmhouse sink and top-tier stainless steel<br /> appliances. Floating staircases, vaulted ceilings, hardwood flooring, large windows and glass doors, and<br /> high-end finishes and fixtures place this live/work condo and its three neighbors at The Sheds in a league of<br /> their own. Views of Laguna Canyonâ€™s natural beauty are enjoyed from every floor, and its location places<br /> residents within minutes of the Laguna College of Art and Design, Lagunaâ€™s postcard-perfect Main Beach,<br /> hiking and biking trails, and village galleries, cafÃ©s, restaurants, clubs and shops.
MlsNumber:	LG24063932

Listing Provided By:	Side, original listing
Name:	Side
Phone:	(949) 922-9552
Office Name:	Livel Real Estate
Office Phone:	(949) 922-9552
Agent Name:	Elaine Brashier
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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