Home for Sale at 7403 Seashore Drive, Newport Beach, CA 92663

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7403 Seashore Drive
Newport Beach, CA 92663

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Property Details

List Price:	$8,800
Beds:	4
Baths:	Full: 3, ½: 1, ¾: 2
Status:	Active
SqFt:	2495 Square Feet
Agency:	Keller Williams Realty
Agency Phone:	(714) 861-5500

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential Lease-Single Family Residence
Year Built:	1954
Notes:	This is a great opportunity to live just one house from the sand! This two story home is on the ocean side of Pacific Coast Hwy in West Newport Beach and located on a cul-de-sac at the end of Seashore drive. It has been essentially rebuilt and everything is new inside and out. It has 4 bedrooms, each with an ensuite bath and walk-in closets. Two are located downstairs and two are upstairs, ….AND each floor has a guest bath as well, totaling 6 bathrooms. There's not a clear winner in the master bedroom contest, except they're all winners. There is one that is a bit larger than the others, just look at the floorplan which is in the photo's to find out which. Now, my mother would always tell me, "Talk is cheap", and with that in mind, please take a video tour here: https://drive.google.com/file/d/156NKf4CKNKXxm_GVzeGSDqAvquwUYfYG/view?usp=drive_link<br /> <br /> This gorgeous 2,495 square foot home has luxury wood vinyl flooring throughout and a new upgraded kitchen with new stainless steel appliances, quartz countertops, self-closing doors and drawers, with an adjacent dining area perfect for entertaining or just enjoying the time in the kitchen talking while preparing meals. The upstairs bedrooms share a balcony with lovely Santa Ana River and wetland views overooking PCH. There's an Office/Den area upstairs along with a fireplace in the living room next to its large (400+ sqft) rooftop deck, west-facing, half-covered patio, with some beautiful water views. This home is now available for lease. It is unfurnished and move-in ready, just bring your refrigerator (36"x36"X72"..make sure it is 35.75" max, as it is exactly 36") and washer/dryer 4' 10" in length and standard heigth and width. Come enjoy all of the best coastal living has to offer!
MlsNumber:	--
ListingId:	OC24172763

Listing Provided By:	Keller Williams Realty, original listing
Phone:	(714) 514-9013
Office Phone:	(714) 861-5500
Agent Name:	RJ Burke
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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