From the category archives:

Aliso Viejo Real Estate

Aliso Viejo Homes and Condos report.

by vbindi on December 21, 2011

This report is for Active for Sale and Sold statistics for homes and condos in Aliso Viejo . This article is generated by the realtor professionals at eVantage Real Estate here in Orange County, CA. Today, there are 78 detached homes for sale, which have a median price of $500,000 with an average price per square foot of $278 . These homes are priced from a low of $324,900 for a 3 bedroom, 3 bath, 1,690 square foot home situated in the subdivision tract called Hamptons . On up to a maximum price of $1,399,000 for a fine home boasting of 4 bedrooms, 5 baths, with 3,474 square feet of living area, which is located in the Vista Vallarta Tract.

Currently, for attached condos there are 128 units active for sale in Aliso Viejo . The median price of these condominiums is $289,000 and the average price per square foot is $234 . These Active for Sale condos range in price from a low of $149,900 for a unit comprising of 1 bedroom, 1 bath, 795 square foot, that is found in the Canyon Point Tract. Up to a maximum price of $538,000 for a roomy condo consisting of 3 bedrooms, 3 baths, with 1,800 square feet found in the Seaway Collection Subdivision.

For properties currently under contract in Aliso Viejo there are 51 detached homes in escrow, with a median value of $450,000 . These detached homes range in price from a low of $305,000 for a 2 bedroom, 3 bath, 1,250 square foot property located in the Flores Los Alisos Tract. On up to a maximum price of $1,349,000 for a fine property incorporating 5 bedrooms, 5 baths, with an expansive 3,892 square feet of living area, located in the Vista Vallarta Tract.

For condos, there are 97 units now in escrow in Aliso Viejo , with a median price of $269,000 . These pending units range in price from $135,000 for a 1 bedroom, 1 bath, 700 square foot condominium, situated in the Heather Ridge Subdivision. On up to a high price of $520,000 for a fine condo consisting of 2 bedrooms, and 4 baths, with 2,635 square feet, found in the City Walk Subdivision.

In the past 3 months, there were 41 detached homes that have sold and closed escrow in Aliso Viejo . These sold homes had a median price of $660,000 with an average price per square foot of $281 . These sold and closed homes range in price from a low of $341,000 for a detached home comprised of 3 bedrooms, and 2 bath, with 1,102 square feet, and is located in the California Reflections Subdivision. And a maximum price of $1,269,000 for an estate property comprising of 3 bedrooms, 5 baths, and a spacious 3,474 square feet located in the Vista Vallarta Tract.

For the past 90 days, there were 91 attached condominiums that have sold and closed escrow in Aliso Viejo , California. The median price of these attached units was $268,000 and the average price per square foot was $226 . These sold condominiums ranged in price from a low of $146,000 for a 1 bedroom, 2 bath, 833 square foot unit found in the Harbor Station condo Tract. And the maximum priced sold condo was $470,000 for a nice unit comprised of 3 bedrooms, 3 baths, and 1,863 square feet that is situated in the Latitudes South Tract.

If you have any questions regarding homes or condominiums for sale in Aliso Viejo , please feel free to contact us at: (949) 388-3396, or email us at: Info@eVantageRE.com . Click the following hyper-link if you would like to view all homes for sale in Aliso Viejo .

{ 0 comments }

23412 Pacific Park Dr. 18D, Aliso Viejo, CA – for Sale

by vbindi on September 29, 2010

23412 Pacific Park Dr. 18D, Aliso Viejo, CA 92656

Price: $274,800
Style: Condominium
Bed: 2
Bath: 2
Stories: One
Year built: 1991
SqFt: 1,140
Parking: Assigned Parking, Garage Door Opener, Parking Space

PENTHOUSE WITH EXCELLENT CORNER LOCATION . Located in prestigious & gated Canyon Villas this spacious floor plan offers 2 bedrooms & 2 bathrooms and a large living & dining room with cozy fireplace. The gourmet kitchen with breakfast bar, recessed lighting, built-in microwave oven & pantry opens up to the living room. Large master suite with walk-in closet and master bath with dual sinks & roman tub. Individual laundry area with linen cabinets & attached garage + assigned parking space! Excellent interior location close to pool, spa & fitness center. Canyon Villas is located adjacent to Aliso Viejo Town Center with shops, restaurants & movie theatres and features well-equipped fitness center with televisions & refreshment area, resort-style swimming pools, spa & BBQ area surrounded by expansive sun decks, on-site security patrol, clubhouse & more! Welcome to the good life!

Contact Nick Roshdieh today if you are interested in this property!

Nick Roshdieh
eVantage Real Estate
Main: 949-334-2913
Office: 949-388-3396
Nick@eVantageRE.com
DRE License: 01339587

{ 0 comments }

Aliso Viejo Home and Condo Sales

by vbindi on December 3, 2009

Currently there are 41 detached single family homes listed for sale in Aliso Viejo.  The properties range in price from a low of $399,000 for a 3 bedroom, 3 bath, 1,400 square foot home in the Hamptons tract, on up to $1,145,000 for a 5 bedroom, 5 bath, 3,722 square foot estate  located in the Kensington subdivision near Soka University.   Off these 41 active homes for sale, 19 of these properties are financially distressed sales of either Bank Owner REO foreclosures or Short Sales.

In the past 90 days, there have been 64 detached homes that have sold in Aliso Viejo ranging in price from $370,000 for a 3 bedroom, 2 bath, 1,300 square foot home in the California Reflections tract.  And the highest priced home was sold hoe was $1,098,000 for a 5 bedroom, 5bath, 3,885 square foot estate in the Vista Vallarta tract.  Of these 64 sales, 15 sales were distressed property sales, representing 23% of the total.

For attached Condominiums, there are now 64 condos active for sale in Aliso Viejo, CA.   This properties range in price from a low of $189,000 for a 1 bedroom, 1bath, 759 square foot unit in the Canyon Villas tract, up to $599,000 for a 3 bedroom, 3 bath, 2,200 square foot townhome in the Eagle Pointe subdivision.  Of these 64 active properties, 64%, or 41 condos are currently for sale that are either Bank Owned REO or Short Sales in Aliso Viejo.

In the past 3 months, there have been 133 Condos that have sold and closed escrow in Also Viejo.  These sold condo units range in price from $149,500 for a 1 bedroom, 1 bath, 636 square foot unit in the Seagate Colony tract.  Up to $635,00 fora 3 bedroom, 4 bath, 2,635 square foot, 3 level townhome in the City Walk subdivision of Aliso Viejo.  80 of these sales, representing 60% of the total, were financially distressed sales in the past 90 days in Alio Viejo.

Also, we have just added some new and useful webpages for various subdivisions to our website.  These webpages show the Subdivision details, along with posting every property currently active for sale in the Tract, as follows:  Hillcrest Homes,  Laguna Vista, Seacrest Heights, Seascape Villas, Applause Condos and Seacove Place Condos.

Aliso Viejo Home Prices

by vbindi on August 11, 2009

Today, there are 46 detached single family homes listed for sale in Aliso Viejo, Orange County, Ca. The lowest priced home is valued at $399,900. It is a 3 bedroom, 2 bathroom, 1,400 square foot house, located in the Hamptons subdivision. The highest priced home is $1,149,000 for a 4 bedroom, 5 bath, 3,737 square foot estate built in 2008, featuring view of the golf course and city lights. The current median price is $457,472.

There are 66 detached homes located in the city of Aliso Viejo that are now pending in escrow. The lowest priced property currently in escrow is valued at $339,000. It is a charming 2 bedroom + loft, 3 bathroom, 1,100 square foot home built in 1996. This property is conveniently located directly across the street from an elementary school. The highest priced property currently in escrow is priced at $1,250,000. It is a 3,400 square foot, 5 bedroom, 3 bathroom estate located on a cul-de-sac, offering a fully equipped entertainers backyard and a stunning panoramic view. The median price of homes currently in escrow is $650,000.

In the past 90 days, there have been 80 detached properties that have sold and closed escrow in Aliso Viejo. The lowest sales price for a detached property was $340,000 for an attractive 3 bedroom, 3 bath, 1,301 square foot home built in 1998. The highest priced property sold was a 5 bedroom, 5 bath, 3,757 square foot estate located in the Silver Oaks gated community. This home was valued at $1,135,000 and its features included a large, lush yard and a breathtaking canyon view from virtually every room. The median home price is $538,000 and the average sales price in the past 3 months was $566,923. The average price per square foot was $281/SqFt. The average days on market was 65 days.

For more information about Aliso Viejo Real Estate,  please feel free to call us at: 949-388-3396

Canyon Villas Condos for Sale, Aliso Viejo

by vbindi on June 20, 2009

The gated community of the Canyon Villas condos were built in 1992 and are located on Pacific Park, close to the intersection of Aliso Creek.    This condo tract includes a community pool, clubhouse and spa. There are 3 floor plans and each comes with a 1 car garage.

Currently there are 2 condos for sale.  One is a 1 bedroom, 1 bath unit with an askingprice of $249,000, and the other is a 2 bedroom, 2 bath condo for $285,000.

There are 3 Canyon Villas condos currently under contract in escrow.  They range in price from $205,000 up to $286,000.

In the past 3 months, there have been 3 closed sales in Canyon Villas in Aliso Viejo.  all of the 3 sales were the 1 bedroom, 1 bath plan, ranging in price from $205,000 to $240,000. 

To read about more details of  Canyon Villas, visit our previous post.  To view all the details of all Canyon Villas currently listed for sale, visit Canyon Villas – Aliso Viejo.    For a private viewing of the condos listed for sale, email us or call:  949-388-3396. 

Aliso Viejo Mello Roos Tax Q & A

by vbindi on June 20, 2009

Mello-Roos is a special tax that is imposed on Aliso Viejo real estate within a designated community. These Mello-Roos districts are created to raise public financing through the sale of bonds, for the purpose of paying for public improvements and services for that community. The services may include water lines, sewer treatment, drainage, streets, schools, electricity, parks, etc. The Mello Roos tax is used to pay for the bonds used to pay for these improvements.

The passage in 1978 of Proposition 13 restricted local governments ability to pay for capital facilities and services by increasing property taxes. In 1982, Senator Henry Mello and Assemblyman Mike Roos enacted the Community Facilities District (now called Mello-Roos) to provide local governments with an additional way to raise needed funds. Below are common questions and answers regarding Mello-Roos…

How much is Mello-Roos for Aliso Viejo Real Estate? It can vary from about $400 per year on up to about $2,500 per year dependent upon the community and the lot. A few home communities in Aliso Viejo have no Mello-Roos at all.

How do I estimate the Mello-Roos when buying a Home? During the Escrow process, the Seller will deliver a disclosure which will state in writing the exact amount of the Mello-Roos fee. You can also estimate the Mello-Roos prior to making an offer on a home. You take the quoted Tax Assessor yearly Tax amount, and subtract the Prop 13 portion of the tax from this amount. The Prop 13 Tax can be estimated by multiplying 1.15% times the previous sale price stated in the tax rolls. The remainder is a reasonable estimate of your yearly Mello-Roos payment.

How is the Mello-Roos Tax paid? The Mello-Roos is included in your normal tax bill which is billed to you twice per year.

Does the Mello-Roos tax go up when I sell my Home? No, unlike the Prop 13 portion of your property tax, the Mello-Roos portion of your property tax does not change when you sell your Aliso Viejo home. The MelloRoos tax can increase dependent upon the community facilities agreement by about 1% to 2% per year, but it does not have anything to do with the sale price of your home.

Can I deduct Mello-Roos payments from my Income Tax? Most Tax accountants are of the opinion that the Mello-Roos tax is not legitimate income tax deduction. Please consult with your Tax Advisor for final determination.

How long does the Mello-Roos tax stay in effect on my Home? Typically, the Mello-Roos assessment is written for about 15 to 25 years dependent on the community facilities district. Although, many of the districts have the right to renew the Mello-Roos tax if needed.

How do I compare the value of a Home with Mello-Roos against a Home without? Prior to making a decision to buy a home, here is a simple way to compare the total monthly cost of the home with Mello-Roos versus a home with no Mello-Roos. Say you are considering buying either a home in Aliso Viejo with yearly Mello-Roos payment of about $1,200, or possibly buying a home in say Mission Viejo with no Mello-Roos. To compare the prices of these homes, I take that $1,200 yearly Mell-Roos payment, divide by 12 for the monthly payment of $100. A $100 per month payment is approximately equal to a $20,000 mortgage in today’s interest rates. Therefore the home in Aliso Viejo is actually costing you about $20,000 more as compared to the home you’re considering in Mission Viejo. If the home in Aliso Viejo is still a bit more desirable at a comparative price $20,000 higher than the home in Mission Viejo, then buy it, if not, buy the home in Mission Viejo.

If you would like to view all homes listed for sale in the Aliso Viejo MLS, please visit our website: Aliso Viejo Real Estate

Aliso Viejo Short Sale – Case Study #29

by vbindi on April 1, 2009

This Short Sale Case Study outlines another successful short sale transaction that was conducted for a detached home located in the Vista De Oro subdivision in Aliso Viejo, Ca.

ORIGINAL PURCHASE:  This large detached home was bought by the homeowner in March of 2007′ for $770,000.  This home was purchase using Zero down financing, and there was a 1st Mortgage with a loan balance of $620,000 and a 2nd mortgage with a loan balance of $150,000.   The fist loan was a fixed rate mortgage and the 2nd loan was an adjustable rate loan.

This single family detached home was 4 bedroom, 3 bath,  2,200 square foot home, with 2 car garage.  This property was sold and closed escrow in December of 2008,  via a Short Sale by the Aliso Viejo  ShortSalesASAP company.

FINANCIAL CRISIS:  Home values have decrease by about 35% since the peak in pricing in Spring of 2006′,  throughout Orange County, CA. and in Aliso Viejo as well.   This Aliso Viejo short sale property dropped in value by about 25? % From the time this home was purchased in 2007′, until it was sold at the end of 2008′.

The homeowner was having financial difficulties and was having a very hard time keeping up with their loan payments.  Their debt to income ratio was to high to qualify for a Loan Modification, and the home was upside down by about $200,000.

SHORT SALE PREPARATION: This Aliso Viejo home was initially put in our Short Sale Preparation Phase. Here we gather all of the required documents from the homeowner and contact the banks to present our short sale case.  With some hard knock negotiations, our expert team was able to obtain preliminary approval for the Short Sale along with terms and conditions.   This Preparation Phase took about 4 weeks to complete.  During that time the homeowner was able to live in the property as normal, with no interruptions from other agents or prospective home buyers, and due to their hardship, were forced to stop making their mortgage payments and lived rent free.

SHORT SALE MARKETING & SALE: the next phase was the  Marketing-Sales of the pre-approved short sale.  The home was marketed heavily and posted in the Multiple Listing Service (MLS) for a price of at a price of $649,000. After a period of about 3 weeks, the price was dropped to $599,900.  We finally found a qualified Buyer and after several counter offers, we were able to get them to offer $580,000 to purchase this home.

CLOSING PHASE: After the purchase offer was signed by the buyer and seller, we opened escrow for the new buyer.  We packaged the purchase offer, Short Sale disclosures and Buyers loan qualification paperwork. We submit the updated package to the 1st and 2nd mortgage banks.  Our post short sale specialist then expedites the delivery of these documents to the bank negotiators to finalize the short sale and obtain the approval letters in writing.

Many people ask us why a mortgage bank would accept a short sale.  Well the reasons are many, but the bottom line is that banks have determined that they loose 15% more when they are foreclose as compared to accepting a short sale.  These savings are due to reducing loss of the time value of money, avoiding property damages, eliminating foreclosure legal expenses, and minimizing bank management overhead expenses.

FINAL RESULT:  At the completion of this short sale, the homeowners mortgage debt was completely eliminated.   The homeowner lived in their home during this short sale process and did not have to make any loan  payments. They were also able to rent a comparable home for substantially less then what their payments used to be. In addition, the homeowners credit was less damaged by the short sale as compared to a foreclosure. In addition, Fannie Mae (FNMA) altered their underwriting policy, so that a past homeowner only has to wait 2 years before they can buy another home using FNMA underwritten loans.  If the homeowner went through foreclosure, the waiting period would be  5 years !

ShortSaleASAP is licensed with the California Department of Real Estate, and our services are free to the homeowner, for we are paid by the mortgage bank(s). If you have any questions regarding Short Sales, contact our team of experts at: (949) 388-3396 or drop us an email at: Info@ShortSalesASAP.com

Home Sales in Aliso Viejo, CA – Sept 2008′

by Vincent Bindi on September 21, 2008

Currently there are 94 detached home currently list for sale.  Of these, 35 are pre-foreclosure Short Sales and 1 is a bank owned REO.  That is a total of  38% of the total inventory is a property in financial distress.  The Median price for the Short Sale and Bank Owned REO listings is $559,000.  The Median price for the none Short Sale/Bank Owned REO detached home listings is $745,900. 

In the past 90 days, there were 55 detached homes that sold and closed that were not Short Sale/Bank Owned, and the Median price of these 55 homes was $565,000.  In this same period of time, there were 32 detached homes that sold and closed, which represents 37% of the total sold.  The Median price of these 32 detached homes was $529,400. 

Today, there are 134 Condos listed for sale in Aliso Viejo, CA.  Of these, 67 of the active listings are Short Sales (50%), and 12 are Bank Owned REO condos (9%).   The Median priced Condo for the 79 Short Sales/Bank Owned condos is $309,400, and the median price for the none short Sales/Bank Owned condos is  $394,900.

In the past 90 days, there were a total of  70 Condos that sold and closed escrow that were not Short Sales/Bank REO’s.  The median price of these 70 condos was $375,000.  In addition, there we 75 condos that sold and closed in Aliso Viejo that were Short Sales or Bank Owned REO’s.  The median price for these 75 condos was $295,000.  Of these 75 sold condos,  38 were Short Sales and  37 were Bank Owned REO’s.

If you would like more information on homes or condos for sale in Aliso Viejo, feel free to visit our website at:  Search OC Homes for Sale.  If you would like an email list of all Short Sales or Bank Owned REO homes for sale, visit:  www.OCBargainHomes.com

 

 

Aliso Viejo CA Foreclosure, Short Sales and Bank REO sales Stats – April, 2008

by Vincent Bindi on May 25, 2008

Currently, there are 293 homes and condos Active for Sale in Aliso Viejo, CA.   170 of which are Attached Condos and the other 123 are Detached Single Family Homes.  Of these 293 properties, 116 of these are Short Sale homes or condos listed for sale, which represents 39% of the Inventory.  In addition, there are 16 homes and condos listed for sale which are Bank owned REO properties in Aliso Viejo, which represents 5.5% of total inventory.

Today, there are 110 properties in Pending in Escrow in Aliso Viejo, CA.  Of these properties, 37 are Short Sale listings under contract which represents 33% of the properties in Escrow.  15 of these escrows are Bank Owned Foreclosures which represent 13.6% of the properties currently in escrow in Aliso Viejo.

For the month of April, there were 56 properties that sold and closed escrow in Aliso Viejo, CA.  7 of these closed properties were Short Sales which represent 12% of all closings for last month.  14 of the homes and condos that sold and closed in April where Bank Owned foreclosure homes, which represent 25% of all closings for last month.

If you are interested in receiving a VIP list of all Bank Owned Foreclosures, and Short Sale properties listed for sale, please visit our website at:  OCBargainHomes.com.  If you have any questions about Bank Owned REO or short Sale Properties, please feel free to call us at: 949-388-3396.

Affordable homes for Sale in Aliso Viejo

by Vincent Bindi on March 5, 2008

Real estate prices in Orange County have pulled back substantially in the past 18 months.  In the City of Aliso Viejo, CA. the price per square foot in the 3rd Quarter of 2006′ was $408/SqFt, and the price per square foot for detached homes now stands at $336/SqFt.  This represents a drop in values of 17.5%.  This severe pull back in prices is the result of a much needed correction to the unprecedented run-up in prices from 1997 to 2006′, coupled with a high rate of foreclosures caused by the easy money lending standards of the past 5 years.

This major drop in home prices, has made for a good time for prospective home buyers.  Today’s prices represent what homes were selling for in mid 2004′, and interest rates are still at all time lows.  Plus, congress is about to pass temporary loan limit increases for FHA loans, which will enable many first time home buyers to purchase a home in Aliso Viejo.

Currently there are 27 detached homes that are listed for sale that are priced less then $550,000.  These homes range in price from $449,000 for a 3 bedroom, 2 bath, 1,300  square foot detached home on Soho Court in the Hamptons tract.   Up to the $550,000 mark for a 3 bedroom, 3 bath, 1,722 square foot home on Wellington Place in the Canterbury tract. 

AddressBdrmsBathsGaragesSqFtYr BuiltPriceDays on Market
3 Soho Ct 38 3 2 2   1,300 1996 $449,900 128 
89 Colony Way  2 3 2 A 1,455 1993 $459,900 0 
7 Greenwich Ct  3 3 2 A 1,286 1997 $474,876 118 
7 Greenborrow Ct 3 2 2 A 1,367 1997 $475,000 118 
33 Colony Way  3 2 2   1,455 1995 $479,000 108 
4 Maison  3 3 2   1,334 1998 $489,000 36 
7 Ryley Ct 18 3 3 2 A 1,300 1996 $489,900 33 
       
29 Santa Clara St 3 3 2   1,493 1989 $495,000 0 
4 Estero Pointe  4 3 2 A 1,400 1998 $500,000 23 
10 Beaumont  2 2 2   1,102 1998 $500,000 23 
37 Rue Du Chateau  3 3 2   1,378 1999 $519,000 15 
32 Santa Clara St 3 3 2   1,301 1990 $519,000 12 
1 Sherrelwood Ct 4 3 2 A 1,550 1996 $519,000 2 
18 Cape Coral  3 3 2 A 1,400 1995 $599,876 49 
2 Beaumont  3 2.5 2 A 1,344 1997 $529,800 182 
110 Las Flores  3 3 2   1,400 1997 $535,000 6 
6 Dominguez St  3 2.5 2 A 1,500 1989 $539,900 63 
10 Las Flores  2 3 2   1,363 1997 $539,999 275 
11 Via Carisma  3 3 2 A 1,600 2000 $540,000 239 
55 COLONY Way 3 2 2 A 1,500 1995 $549,000 170 
197 Woodcrest Ln  4 3 2   1,800 1997 $549,000 23 
24 Rue Du Chateau 3 3 2 A 1,234 2000 $549,900 76 
53 Picket Ln  3 3 2 A 1,500 1999 $549,900 0 
17 Wellington Pl.  3 3 2 A 1,722 1999 $549,999 101 
190 Las Flores  2 3 2   1,200 1996 $550,000 28 
5 Santa Clara St  3 2.5 2 A 1,301 1993 $559,000 49 


If you would like to view all condos and homes for sale in Aliso Viejo, feel free to visit our website at: 

← Previous Entries