Home for Sale at 890 Ronda Sevilla, Laguna Woods, CA 92637

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890 Ronda Sevilla
Laguna Woods, CA 92637

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Property Details

List Price:	$369,000
Beds:	2
Baths:	2
Status:	Active
SqFt:	1057
Agency:	Century 21 Rainbow Realty

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Description/Comments

Lot Size:	1,057 sqft
Property Type:	Residential
Year Built:	1967
Notes:	Welcome to 890-N Ronda Sevilla â€“ an upper end-unit CASTILLA floorplan in the Laguna Woods senior community situated in a quiet cul-de-sac far from busy roads and noisy highways. This residence has excellent curb appeal with gorgeous landscaping that is maintained by the Mutual. The Castilla floorplan has two bedrooms and two baths in a little over 1000 sq. ft. of living space. One end of the large living room is highlighted by an attractive wood-burning fireplace. Just off the living room through a sliding glass door is a long partially enclosed balcony that boasts a stunning panoramic view of the neighborhood and countless trees. The balcony is the perfect spot for quiet relaxation. With its close proximity to Aliso Creek just a short walk away, the quiet is occasionally interrupted by the sound of frogs, ducks and other small critters. The bedrooms and living room have attractive wood-like vinyl flooring while the rest of the residence has stylish neutral colored tile flooring. Additional upgrades include dual-pane windows, stunning granite kitchen countertops and mirrored closet doors in both bedrooms. Solar tubes have been added in the entry, guest bedroom and primary bathroom brightening these areas all day long. The versatile second bedroom can also serve as a home office, workout space, sewing room, arts and crafts studio or any number of other uses. The assigned carport space (with additional cabinet storage) and the community laundry facilities are just steps away.
MlsNumber:	OC24110346

Listing Provided By:	Century 21 Rainbow Realty, original listing
Name:	Century 21 Rainbow Realty
Phone:	(949) 206-3630
Office Name:	Century 21 Rainbow Realty
Office Phone:	(949) 770-9626
Agent Name:	Chris Framan
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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