Home for Sale at 8242 High St, La Mesa, CA 91941

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8242 High St
La Mesa, CA 91941

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Property Details

List Price:	$865,000
Beds:	2
Baths:	3
Status:	Active
SqFt:	1457
Agency:	Whissel Realty

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2024
Notes:	Welcome to your dream home! Nestled in the heart of the serene Cantera neighborhood, this newly constructed gem awaits its fortunate owner. Located within walking distance of both the Spring Street trolley and the vibrant La Mesa Downtown Village as well as Collier Park. You'll find a vibrant array of local shops, trendy cafes, and gourmet restaurants, perfect for exploring on leisurely strolls or grabbing a quick bite to eat.Entering, you're immediately struck by the spaciousness and abundance of natural light that fills the open-concept living space. The airy layout seamlessly connects the living room, dining area, and kitchen, creating an ideal environment for both relaxation and entertainment. The gourmet kitchen is a chef's delight, featuring top-of-the-line cafe stainless steel appliances, sleek quartz countertops, custom cabinets made in Germany designed by DNA Design Group, and ample storage space. Whether you're hosting intimate dinners or extravagant gatherings, this kitchen is sure to impress even the most discerning guests. The bedrooms are equally inviting, each offering ample space, and large windows that flood the rooms with natural light.
MlsNumber:	240011930

Listing Provided By:	Whissel Realty, original listing
Name:	Whissel Realty
Phone:	(619) 618-7997
Office Name:	eXp Realty of California, Inc.
Office Phone:	(619) 618-7997
Agent Name:	Michael Grandy
Disclaimer:	Copyright Â© 2024 San Diego MLS. 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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