Foreclosure for Sale at 26493 Arboretum Way, Murrieta, CA 92563

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Foreclosure: 26493 Arboretum Way
Murrieta, CA 92563

Stacy Brown with BHGRE Brush & Associates, original listing - (760) 745-6700

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Property Details

List Price:	$549,000
Beds:	3
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	1896 Square Feet
Agency:	BHGRE Brush & Associates
Agency Phone:	(760) 745-6700

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Description/Comments

Lot Size:	0 sqft
Property Type:	Residential-Condominium
Year Built:	2003
Notes:	Welcome to 26493 Arboretum Way #1904. This inviting condo nestled in the gated community of Arboretum, where convenience meets comfort. Features 3 BEDROOMS, 2.5 BATHS and a LOFT. Located near shopping, schools, and dining hotspots, with easy access to freeways I-15 and I-215, it's perfectly situated for modern living. As you enter, you're greeted by a warm living room with a cozy fireplace. The open kitchen, features Granite tile countertops, complete with a spacious center island, plentiful cabinet space, and a pantry, effortlessly connects to the dining area and family room ~ a perfect layout for hosting and entertaining guests. Downstairs, you'll find the convenience of an indoor laundry room and a half bath. Step outside to patio which leads to your two-car garage. Upstairs, discover a spacious primary bedroom with walk-in closet, also featuring an ensuite primary bath with a separate tub and shower. Two junior bedrooms and another full-size bath complete this level, offering ample space for everyone. Next, the third floor is a delightful surprise ~ a versatile loft or could be used as a bonus room that could easily transform into your dream game room, office, or cozy theater retreat, tailored to your lifestyle. Just a few steps away, enjoy access to one of two association pool's and jacuzzi's this community has to offer. Don't miss the opportunity to make this charming condo your new home sweet home in Arboretum “a place where comfort, convenience, and community come together seamlessly.
MlsNumber:	--
ListingId:	NDP2500284

Listing Provided By:	BHGRE Brush & Associates, original listing
Phone:	(760) 745-6700
Office Phone:	(760) 745-6700
Agent Name:	Stacy Brown
Disclaimer:	Copyright © 2025 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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