From the monthly archives:

July 2008

Bank Owned Foreclosure Condo, Laguna Niguel, Ca.

by Vincent Bindi on July 29, 2008

Price (subject to change):  $220,000
Type:  Attached Condo
Bedrooms:  2
Baths:  2.5
Living Area (SqFt):   1,202
Stories:  2
Year Built:  1973
Lot Size (SqFt):  Condo
City:  Laguna Niguel
Area:  Rancho Niguel
Street:  Hillhurst
School District:  Capistrano Unified

Property Description:  

Financing:    FHA and VA loans can be used to purchased this property, as well as Conventional financing.

Contact:  To view this Bank Foreclosed home, feel free to Call Us at:  949-388-3396, or email us at:  Info@SearchOCHomes.com , or Text Message at:  949-283-4679.  We’re easy to talk too.  Let us negotiate a great price for you on this Bank Owned Foreclosure property for sale in Orange County.  Join our FREE and No Obligation Bank Foreclosure and Short Sale home finder service at:  www.OCBargainHomes.com 

Balboa Peninsula Real Estate, Newport Beach, CA.

by Vincent Bindi on July 22, 2008

Balboa Peninsula is a narrow piece of real estate with white sand beaches and perfect waves on one side, and the yacht-filled, picturesque Newport Harbor on the other side of the peninsula.  The peninsula acts as a jetty enclosing the Newport Harbor and its islands. About three miles long, the Peninsula consists of all the contiguous land east of 45th Street in Newport Beach.

The Balboa Peninsula is a subsection of the city of Newport Beach, California, and is comprised predominately or residential detached homes and estates, with some attached condominiums and commercial real estate. Most of the business is concentrated along Balboa Boulevard where it meets Pacific Coast Highway, McFadden Place, and Main Street.

Newport Beach as well as Balboa Peninsula is home to some of California’s most luxurious real estate.   In the 1st half of 2008′, there have been 21 properties sold and closed in  Balboa Peninsula.  Ranging in price from $950,000 for a 2 bedroom, 2 bath, 1,123 square foot condo on Oceanfront Ave boasting of an Ocean view.  On up to $10,150,000 for a beachfront estate comprising of 5 bedroom, 5.5 bath, and 4,000 square foot estate, located on Oceanfront Dr., with sweeping Ocean views.  The median price of the 21 properties sold is $1,460,000 and the average price is $2,736,761.  The average price per square foot is $1,026 and the average days on market is 65 days.  Below is a more detailed assessment of  the current market values of various types of properties in Balboa Peninsula: 

  • Non-Ocean View and Non-bayfront detached homes range in price from $1.1 Million up to $5Million, and sell in the range of $830/SqFt up to $950/SqFt.
  • Ocean view and/or Bayfront detached homes range in price from $3Million on up to $30 Million, and sell in the range of $1,300/SqFt to $2,500/SqFt.
  • Attached Condominiums range in price from $700K to $3 Million, and have been selling in the range of $650/SqFt to $750/SqFt.

We are featuring a new listing of a fine home comprising of 4 bedrooms, 3 baths, 2,878 square feet of living area with many fine upgrades.  The property is located on Plaza Del Sur and is priced to sell.  For more details of this fine home, plus pricing, visit our website at:  www.ViewBalboaHomes.com 

The word “Balboa,” came from the famous Spanish explorer, Vasco N

The Strand Real Estate at the Headlands in Dana Point, CA

by Vincent Bindi on July 10, 2008

The oceanfront estate lots being developed at the Strands are southern California’s last  beachfront development.  The gate guarded Strand development consists of 118 homesites and boasts of 1.5 miles of direct coastal frontage.  This 121 Acre community includes 68 Acres of parks, open space and coastal trails.  The subdivision fronts Strand Beach and will include a 9,000 SqFt. Beach Club and a 90 room hotel and Spa. The Beach Club is planned to have a state-of-the-art exercise room, swimming pol, , spa and beachside dinning.  The Strands is located just north of Dana Point harbor and south of the Ritz Carlton.

The first phase of Lots were recently sold for an average of $5.9 Million.  Lot owners will be free to build just about nay home of their dreams for there are no restrictions on the architectural style of the homes.  There are a few construction restrictions though, such as the requirement of using high quality materials such as real wood and authentic brick.  These ocean view lots average size is about 10,300 square feet.  The remaining lots are expected to be sold by the end of 2008′.  Home construction to be started soon and most all of the  homes to be constructed by 2011. 

The Strands is divided into two areas, the South and North Strand.  The North Strand features oceanfront lots average around 9,000 to 10,000 SqFt, and allows for 2 story homes and an extra subterranean level.  The South Strand, is built above the promontory and boasts of dramatic views, allows only single level homes on larger lots ranging in size from 12,000 to 14,000.  

The Strands had a interesting history.  The Strand property was originally owned by the Chandler family who were in the newspaper publishing industry.  From the 1950′s through to 1988, the property was used as a Mobile Home Park.  For many years the Chandler family tried to obtain City approval for a large 370 home subdivision, which was rejected by the City of Dana Point.  Then in 1998, land developer Sanford Edward purchased the property and in 1999, the City of Dana Point agreed to the current development plans of 118 homes and 62 Acres of open space. 

If you are interested in more information about Strand lots for sale in future phases, feel free to email us at:  Info@OCRealtyGroup.com  or call:  949-388-3396.  

Bank Owned REO Home for Sale – Great Price – Mission Viejo, CA

by Vincent Bindi on July 9, 2008

Price (subject to change):  $417,900
Type:  Detached SFR
Bedrooms:  3
Baths:  2
Living Area (SqFt):   1,300
No. of Garages:  2
Stories:  1
Year Built:  1971
Lot Size (SqFt):  7,400
City:  Mission Viejo
Area:  Mission Viejo Central
Tract:  El Dorado
Street:  Via Zaragosa

School District:  Saddleback Valley Unified

Property Description:   Great price for this single family detached home located in the desirable central Mission Viejo neighborhood of El Dorado.  Great neighborhood and  ready to move in. Nice open floor plan with fireplace in living room.  French doors off of eating area by Kitchen.  Large and private backyard.  Includes membership in Lake Mission Viejo.  The Bank Owned Foreclosure home will not last long at this price

Financing:    This home can be purchase with any Conventional Loan and the new and improved FHA loan which offers 3% down payment financing, and low fixed interest rates.

Contact:  To view this Bank Foreclosed home, feel free to Call Us at:  949-388-3396, or email us at:  Info@SearchOCHomes.com , or Text Message at:  949-283-4679.  We’re easy to talk too.  Let us negotiate a great price for you on this REO Foreclosure property for sale in Orange County.  Join our FREE and No Obligation Bank Foreclosure and Short Sale home finder service at:  www.OCBargainHomes.com