Home for Sale at 2097 Ronda Granada, Laguna Woods, CA 92637

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2097 Ronda Granada
Laguna Woods, CA 92637

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Property Details

List Price:	$364,900
Beds:	2
Baths:	2
Status:	Active
SqFt:	1040
Agency:	First Title Realty

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Description/Comments

Lot Size:	1,100 sqft
Property Type:	Residential
Year Built:	1968
Notes:	Welcome to Laguna Woods Village! This outstanding ground level 2 bedrooms, 2 baths, approximately 1040 SQ FT, and a spacious covered patio.In a great location within the community, this home features all the best that the village has to offer. Updated kitchen and bathroom granite countertops, inside washer and dryer, upgraded laminate flooring throughout the unit. Private washer and dryer have been installed for convenience.The kitchen features electric cooktop, oven, dishwasher and refrigerator and opens into the dining area with updated lighting. A large primary suite, ample closet space, vanity counter, and a privacy door to the walk-in shower/water closet. A covered carport space is also included with additional storage cabinets. <br /> Experience the luxury of resort-style living at Laguna Woods 55+ community featuring many amenities including 7 clubhouses, 5 pools, 2 golf courses, theaters, tennis courts, equestrian center, community garden, walking paths, and over 250 clubs or classes to help maintaining an active lifestyle. The Association also provides for complimentary bus service for residents to access shopping, medical appointments and anything else you may need. <br /> Laguna Woods village is centrally located near dining, medical facilities, houses of worship, beaches parks and much more.
MlsNumber:	OC24056298

Listing Provided By:	First Title Realty, original listing
Name:	First Title Realty
Phone:	(949) 326-5100
Office Name:	The Listers
Office Phone:	(949) 326-5100
Agent Name:	Tamer Batniji
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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