Price: $425,000
Style: Carriage House, Condominium
Bed: 2  Bath: 3
Stories: Three or more levels
Year built: 2004
View: Park or Greenbelt view, Peek-A-Boo View
HOA Dues $ // 163 + $ // 193
ASqFt 1,600
Parking: Attached Garage, Direct Access, Guest Parking

For more information on this property, click here.
Contact Nick Roshdieh today if you are interested in this property!

-Nick Roshdieh
eVantage Real Estate
Main: 949-334-2913
Office: 949-388-3396
NickRealEstate@cox.net

DRE License: 01339587

Post from: Orange County Real Estate Blog

In the past 3 years, the local real estate market in southern California has experienced a severe correction-recession, which includes Ladera Ranch.  We are seeing signs that the market is now stabilizing in the lower end of the price scale, and appears to be a good time to buy since prices have pulled back nearly 40% from their peak in the Spring of 2006′.

To see more detail about the Bank Owned properties listed below, simply Click on the Property Address Hyperlink.  If you would like see the inside of any of the homes below, or if you have questions about buying an REO Bank Home, contact one of our REO Specialists at:  Info@BankHomesMLS.com or call us at:  (949) 388-3396

Post from: Orange County Real Estate Blog

Currently, there are 78 detached homes located in the city of Ladera Ranch that are pending in escrow. The lowest priced property currently in escrow is valued at $356,900. It is a very well maintained 3 bedroom, 2 1/2 bath, 1567 square foot home that features an upgraded kitchen with granite counter tops and it is well located close to freeway access, an array of shopping and entertainment.  The highest priced property currently in escrow in Ladera Ranch is listed at $2,999,000. It is a brand new 5 bedroom, 8 bathroom, 8,700 square foot custom home located in the prestigious community of Covenant Hills. This homes features include an elevator, 2000 bottle wine cellar and many high quality pgrades such as mahogany wood floors and marble based niches. The current median price for properties in escrow is $659,900.

There have been 78 detached properties that have sold in Ladera Ranch in the past 90 days. The lowest sales price for a detached property was $367,908 for a large, upgraded 3 bedroom, 3 bathroom, 1,750 square foot home built in 2004 offering beautiful new landscaping and a bonus room.  The highest priced property sold was a brand new 5 bedroom, 7 bathroom, 5,392 square foot estate located in Covenant Hills. This home was priced at $1,950,000. This property features a salt water pool and spa and a gourmet kitchen with top of the line appliances. The median home sales price is $679,900 and the average sales price in the city within the past 3 months was $699,674. The average price per square foot was $251/SqFt. The average days on market is 80 days.

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

Post from: Orange County Real Estate Blog

This spacious home was bought by the homeowner in December 2006′ for $1,200,000. There was 1st Mortgage with a loan balance of $960,000 serviced by Countrywide Mortgage, and a 2nd Mortgage with a balance of $240,000 serviced by Wells Fargo.  Both loans were fixed rate mortgages.

Real Estate prices have taken a beating in the past 2 years throughout Orange County, CA. and prices have also decreased sharply in Ladera Ranch as well.  This Ladera Ranch home has dropped in value by about 28% in the past 2 years.  The homeowner had a financial hardship and was having difficulty keeping up with their mortgage payments.  They looked into a  Loan Modification, but decided to conduct a Short Sale since they still would have been $325,000 in the hole with this property after the Loan Modification.

PHASE I: This Ladera Ranch 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.

PHASE II: Phase II was the start of the our Short Sale Marketing-Sales Phase where we market the property for sale extensively on the Internet and in the Multiple Listing Service (MLS) for a price of at a price of $925,000. After a period of about 2 weeks, we obtained a solid offer from a qualified  buyer for $850,000.   After a couple days of negotiations headed up by our short sale Realtor,  we obtained a purchase price of $875,000.

PHASE III: This final Phase is the Short Sale Bank Closing.   After we obtain the signed offer from the Buyer, we packaged the purchase offer, along with required Short Sale disclosures and Buyers loan qualification paperwork. We submit the updated package to the 1st and 2nd mortgage banks, to conduct the final short sale adjustments of the terms, conditions and costs.   After some tough negotiations with our expert short sale Realtor team, our attorney and the bank officials, we got both the 1st and 2nd Mortgage Banks to agree to this short sale offer of $875,000. Once we received the bank short sale approval letters, we moved forward with the buyers closing through escrow. The last Phase was completed in about 27 days.

The result was that the entire debt on the home was removed from the homeowner. The homeowner was able to live in their home during this short sale process and did not make any mortgage payments 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 not as badly damaged as it would have been if the banks had foreclosed. They are now working with our credit restoration affiliate and their credit rating should be repaired to a level where they should be able to buy again home in Irvine by the end of 2009′ .

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

Post from: Orange County Real Estate Blog

Today, there are 24 detached single family homes that are under contract Pending in escrow.  These homes range in price from $524,900 for a 3 bedroom, 2.5 bath, 1,775 square foot home on Livingston Place in the Westcott tract.  The maximum home in escrow, is $3,395,000 for a 5 bedroom, 5.5 bath, 4,923 square foot estate home in Covenant Hills on Mission Ridge.  The median priced home is $989,000 and the average priced home in escrow in Ladera Ranch is approximately $1,250,000.  The average price per square foot is $324/SqFt and the average days on market is 80 days.

For homes that have sold and closed in the past 90 days in Ladera Ranch, there  were 42 such detached homes that sold.  These homes range in price from $479,900 for a 3 bedroom, 2.5 bath, 1,600 square foot on Amy Way in the ??? tract.  The highest priced home sold was for $4,350,000 for a 4 bedroom, 5.5 bath, 7,820 square foot estate San Jose street in Covenant Hills.  The median priced home is $824,900 and the averaged priced home is $931,606.  the average price per square foot is $320/SqFt and the average days on market is 81 days.

Comparing these home Sold statistics to the same 90 day period of time last year we find the following.  1 year ago, there were 83 homes that sold and closed escrow in the same 3 month period of time.  The median priced home sold 12 months ago was $835,000 and the  averaged priced home was $1,037,505.  The average price per square foot was $359/SqFt and the average days on market was 81 days.  Below is a table of the results.

As can be seen, prices have dropped about 10% in the past year in Ladera Ranch.   This  presents a very good buying opportunity for interest rates are still extremely low, and some properties in Ladera Ranch that are Bank owned REO’s or pre-Foreclosures (Short Sales), can sometimes be purchased for 20% to even 30% less then what comparable homes were selling for about 2 years ago.  For a list of bargain homes for sale, please visit our website at:  www.OCBargainHomes.com

Post from: Orange County Real Estate Blog

Post from: Orange County Real Estate Blog

The real estate market in south Orange County has slowed down considerably in the past 12 months, including Ladera Ranch, CA.  Home and Condos are still selling here, but they have to be priced at just below “Market Value” in order to sell.  Below is the current snap shot of Condo and detached Home prices for Ladera Ranch.

Currently there are 153 attached condos fro sale ranging in price from a low of $394,900 for a 1 bedroom. 1.5 bath, 2 car garage on Sansovino street in the Sansovino tract.  The highest priced condo for sale is $869,900 for a 3 bedroom, 2.5 bath, 2 car garage on Salvatore street in the Castellina subdivision.  The median priced Condominium is $545,000 and the average asking price for Condos in Ladera Ranch is $553,537.  

On this day there are 14 attached condominiums that are under contract In Escrow in Ladera Ranch.  They range in price from $449,000 for a 2 bedroom, 2.5 bath, 2 car garage on Valmont street in the Valmont tract, on up to $659,000 for a 3 bedroom, 2.5 bath, 2,105 square foot townhome on Azara street in the Branches subdivision.  The median priced condo currently in escrow is $519,900.

For the past 90 days, there were 53 condos and townhomes that have sold and closed escrow in Ladera Ranch.  These range in price from a low of $379,900 for a 1 bedroom, 1.5 bath, 1,000 square foot condo on Sansovino street in the Sansovino subdivision.  On up to $830,000 for a 4 bedroom, 3 bath, 2,581 square foot townhome on Salvatore street in the Castellina subdivision.  The Median priced condo that sold was $497,500 and the average price was $515,245.  The average days on market was 61 days, and the average price per square foot was $342/SqFt.   Compared to the same 90 day period one year ago (2006′), we had a total 57 condos that sold and closed escrow.  These condos ranged in price from $405,000 on up to $685,000.  The median price was $520,000 and the average price was $535,310.  The average days on market was 51 days and the average price per square foot was $363/SqFt.  

For detached single family homes (SFR’s), there are currently 264 homes listed for sale, and they range in price from $586,000 for a 3 bedroom, 2.5 bath, 1,397 square foot 2 story, Bank Short Sale home on Ash Hollow Trail in the Trails subdivision.  The highest asking price is $5,795,000 for a 4 bedroom, 5.5 bath, 7,269 square foot estate on San Jose street located in Covenant Hills.  The median priced home for sale currently in Ladera Ranch is $979,000 for a 5 bedroom, 3 bath, 2,800 square foot 2 story home. 

Today, there are a total of 40 detached homes in Ladera Ranch that are sold under contract in escrow.  These homes range in price from $599,000 for a 3 bedroom, 2,5 bath, 2,000 square foot home on Rinehart road in the Tarleton tract.  And the highest asking price in escrow is $1,775,000 for a 6 bedroom, 4.5 bath, 3,900 square foot estate on Fayette circle in the Bellataire subdivision. The median price of these 40 homes is $1,049,000.

For the past 3 months, there have been 73 homes that have sold and closed escrow.  These detached homes range in price from $578,000 for a 3 bedroom, 2.5 bath, 1,550 square foot home in Snapdragon street, in the Savannah tract.  Up to $2,400,000 for a 5 bedroom, 5.5 bath, 5,411 square foot home on Kent court in the Alisal subdivision. The median priced home sold is $837,950 and the average price of these sold homes is $950,166.  The average days on market is 75 days, and the average price per square foot is $354/SqFt.  For the same 90 day time period one year ago (2006′), there were 92 homes that sold and closed in Ladera Ranch.  These homes ranged in price from $605,000 up to $4,000,000.  The median priced home was $860,000 and the average home price was $1,022,347.  The average days on market was 58 days, and the average price per square foot was $392.

As a result of the slow market conditions, the current prices of homes and condos are down about 5% to 10% as compared to last year at this time.  It is a Buyers market today, and a good time to buy at these prices and continued low interest rates. If you would like to see any condo or detached home listed for sale, please feel free to contact us at:  949-388-3396, or drop us an email at:  Info@SearchOCHomes.com  View all homes and condos for sale at:  Ladera Ranch MLS home search.

Post from: Orange County Real Estate Blog

Post from: Orange County Real Estate Blog

The premiere development is Covenant Hills Custom Homes comprising of approximately 230 lots with lot sizes ranging from 1/4 Acre to 1/2 Acre.  Here one can find most any architectural style to suit ones taste such as:  French Revival, French Country, Early 1900’s Custom Craftsman,  Classic Colonial, Spanish Mediterranean, European Old World Classic, Spanish Colonial, Tuscan, Italian Revival, Spanish Revival and more.

Covenant Hills homes includes interior floor plan options only available in the areas finest subdivisions such as:  Home theater rooms, Wine tasting rooms, Libraries, Game rooms, Guest or maid quarters, exercise room, Artists retreats, Saline pools, outdoor kitchen with pizza oven and more.  Also, one will find luxurious interior appointments such as:   High end kitchen appliances such as stainless steel Viking, Bosch or Sub-Zero, Distressed antique cabinetry, Granite counter tops, Italian Travertine flooring, extensive crown molding, dramatic vaulted ceilings and so much more.

Currently there are 18 re-sale homes listed for sale and several builders are offering some pre-built and model homes for sale as well.  For re-sale detached homes, prices range from $1,565,000 for a 3 bedroom, 3.5 bath, 3 car garage,  2,990 square foot estate on Portalon Ct., up to $5,950,000 for a 6 bedroom, 5.5 bath, 3 car garage, 7,716 square foot luxurious property with panoramic views and large 17,000 square foot lot with pool and spa, on Franciscan Ct.  Price per square foot will vary widely from $390/SqFt up to $880/SqFt and is dependent upon the subdivision and interior appointments.  

Homeowners can enjoy the all of the Ladera Ranch amenities such as the many miles of nature trails, 16 parks, 4 village clubs with swimming pools, spas, basketball courts, tennis courts and more.  Association dues in Covenant Hills range in the low $400’s per month at the time of the writing of this article.

Covenant Hills is serviced by the award winning Capistrano Unified Public School District.  The grade School classes are conducted at Oso Grande, and the intermediate classes are held at Ladera Ranch Middle school.  The upper classes are at the award winning Capistrano High School.  Covnenat Hills is located in the southwest portion of Ladera Ranch and about 1 mile south of Crown Valley Parkway and about 3 miles east of Highway 5.

For a private showing of any of the fine estates for sale in Covenant Hills, please contact us at:  949-388-3396, or email us at:  Info@SearchOCHomes.com   To view all homes for sale in Ladera Ranch, visit our website at:  Ladera Ranch Real Estate. 

Post from: Orange County Real Estate Blog

The Ladera Ranch real estate market has slowed down considerably in the past 12 months, but on the other hand it is far from a bubble bursting.  In the past 90 days, there have 83 homes that have sold and closed escrow in Ladera Ranch. The median priced home sold was $915,000 and the average price was $1,051,000.  The average price per square foot was $313 and the average days on market was 82 days. 

For attached Condos, there were 36 Condominiums that sold and closed escrow in the past 90 days.  The median sold price was $500,000 and the average sales price was $538,852.  The average price per square foot was $307 and the average days on market was 81. 

During this same 3 month period last year, there were 87 detached homes that have sold and closed escrow in Ladera Ranch.  The median price of these 87 homes was $785,000 and the average price was $916,025.  The average price per square foot is $374 and the average days on market was 58 days.  Comparing today’s prices to last year shows that the market has maintained well despite the negative press in the newspapers.  The median price has increased 16% and the average price was up by 14% in the past 12 months.  The average price per square foot has decreased by 21% in the past 12 months, which indicates that larger homes have been purchased recently as compared to 12 months ago.

For attached Condos, there 47 Condominiums that sold and closed escrow in Ladera Ranch last year during the same 3 month period.  The median Condo sales price was $495,000 and the average price was $537,377.  The average price per square foot was $362 and the average days on market was 49.  The median and average price for attached Condos has remained relatively unchanged compared to this same 90 day period 12 months ago.

Currently, there are 33 detached homes under contract In Escrow in Ladera Ranch.  They range in price from $624,900 for a 3 bedroom, 2.5 bath, 1,600 square foot home on Cecil Pasture Rd in the Waistcoat tract, on up to $1.75 Million for a 6 bedroom, 5.5 bath, 5,695 square foot estate on Andromeda Isle in Covenant Hills. The average price of these homes in escrow is $1.16 Million and the average price per square foot is $365. 

Currently, there 148 detached single family homes listed for sale in Lad era Ranch.  These homes ranch in price from $560,000 for a 3 bedroom, 3.5 bath, 1,700 square foot home on Reinhard Rd in the Carleton tract in Tremor Village.  The highest asking price is $6 Million for a brand new 6 bedroom, 5 bath, 7,716 square foot estate on Franciscan Crt in Covenant Hills.  The median price is $1.1 Million and the average price is $1.39 Million.  The average price per square foot is $411 and the average days on market for 86 days.

For attached townhomes, there are 85 condos currently active for sale in Ladera Ranch.  These condos range in price from $389,900 for a 1 bedroom, 1.5 bath, 1,100 square foot condo on Hinterland Way in the Valmont tract.  On up to $955,000 for a 3 bedroom. 3.5 bath, 2,246 square foot condo on Tuscany in the Castellina tract.

If you would like to view all Condos listed for sale, please visit our website at:  Ladera Ranch Homes and Condos for Sale.   Also visit Avendale Village Condos and Avendale Village Homes for Sale.

Post from: Orange County Real Estate Blog