Home for Sale at 23679 Ridgeway, Mission Viejo, CA 92692

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23679 Ridgeway
Mission Viejo, CA 92692

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Property Details

List Price:	$9,500
Beds:	6
Baths:	Full: 5
Status:	Active
SqFt:	4500 Square Feet
Agency:	RE/MAX Prestige Properties
Agency Phone:	(949) 204-3678

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Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential Lease-Single Family Residence
Year Built:	2000
Notes:	Welcome home to your Modern Farmhouse in the Guard Gated Community of Stoneridge in Mission Viejo. When you walk through the doors you will see high ceilings with a modern chandelier to welcome your guests. The floors have a mixture of modern concrete tile and light wood vinyl flooring. Surrond sound speakers in both the living room and master shower controlled with sonos. Approximately 4500 SF, three stories, features 6 bedrooms, 5 bathrooms, bedroom on first floor, and Bonus room on the third floor which is considered 6th bedroom since it has a build it in bathroom shower and closet. On the second floor is the Primary bedroom plus three (3) secondary bedroom which Updated kitchen features newer quartz counters and subway tiles, stainless steel appliances, 10 foot island, Surround sound Sonos speakers and ample space for storage. Family Room has 22ft ceilings+ with electric modern fireplace and seperate stairway to take you to the upstairs bedrooms. Three bedrooms upstairs each have their own en-suite bathroom. Primary bedroom with ensuite bathroom includes a victorian tub, oversized shower with dual heads, and marble tile. Large walk in closet, island in the center, built in cabinets. Centrally located, Stoneridge is one of Mission Viejo’s newer 24 hour guard gated communities. --- Easy toll access, close to shops, dining, entertainment, great schools, parks and more. Just minutes from Florence Joyner Olympiad Park (Flo-Jo Park) and Lake Mission Viejo (LMVA). LMVA amenities include summer movies, concerts and events, beach activities, boating & boat rentals, fishing and more. Mission Viejo ranked #7 in the Safewise Top 10 Safest Cities in the US in 2022.
MlsNumber:	--
ListingId:	OC24023020

Listing Provided By:	RE/MAX Prestige Properties, original listing
Phone:	(949) 910-6454
Office Phone:	(949) 204-3678
Agent Name:	Necole Abboud
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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