For attached condos, there are currently 80 condos active for sale in Mission Viejo . The median price of these condos is $310,000 and the average price per square foot is $247 . These listed condos range in price from a low of $139,000 for a unit comprised of 1 bedroom, 2 bath, 642 square feet and is situated in the Las Palmas Tract. Up to a maximum price of $599,800 for a roomy condo consisting of 2 bedroom, 2 bath,1,448 square feet found in the Mallorca Condos Subdivision.

For properties currently under contract in Mission Viejo there are 147 detached homes in escrow, and the median price is $480,000 . These detached homes range in price from a low of $209,900 for a 2 bedroom, 1 bath, 1,415 square feet home located in the El Dorado Tract. On up to a maximum price of $1,125,000 for a fine property comprising of 6 bedroom, 4 bath, 3,651 square feet located in the Stone Ridge Tract.

For condos, there are 129 units now in escrow in Mission Viejo , with a median price of $300,000 . These pending units range in price from $120,000 for a 1 bedroom, 1 bath, 513 square feet located in the Las Palmas Subdivision. On up to a maximum price of $624,900 for a fine condo consisting of 2 bedroom, 2 bath, 1,286 square feet found in the Mallorca Condos Subdivision.

In the past 90 days, there have been 168 detached homes that have sold and closed escrow in Mission Viejo . These sold homes had a median price of $530,000 with an average price per square foot of $275 . These closed homes range in price from a low of $300,000 for a home comprised of 2 bedroom, 2 bath, 1,230 square feet situated in the Casta del Sol Subdivision. And a maximum price of $1,150,000 for a fine property incorporating 4 bedroom, 4 bath, 3,200 square feet found in the John Lyttle Tract.

For the past 3 months, there have been 78 attached condominiums that have sold and closed escrow in Mission Viejo , California. The median price of these attached units was $310,000 and the average price per square foot was $228 . These sold condominiums ranged in price from a low of $120,000 for a 1 bedroom, 1 bath, 473 square feet located in the Las Palmas condo Tract. And the maximum priced sold condo was $567,500 for a nice condo comprised of 3 bedroom, 3 bath, 1,781 square feet situated in the Mallorca Condos Tract.

If you have any questions regarding real estate for sale in Mission Viejo , please feel free to call us at: (949) 388-3396, or email us at: Info@eVantageRE.com . Click this link if you would like to view all homes for sale in Mission Viejo .

Post from: Orange County Real Estate Blog

Due to this severe decline in prices, and historically low interest rates, well priced homes and condos are selling very rapidly in Mission Viejo.  The most accurate measure of the strength or weakness of any local real estate market is the measure of Months of Inventory.  Months of Inventory is a standardized statistic of the calculation of how many months it would require to sell the current existing inventory of homes for sale.  This is basically a calculation of the ratio of the number of homes active for sell, compared to the rate at which homes are currently selling.  The larger the inventory of homes, and the slower rate of sales produces a large calculation of Months of Inventory.  Correspondingly, and small Months of Inventory represents a strong Sellers market.

Currently the months of inventory for attahced Condos in Mission Viejo is a very low 0.6, and the months of inventory for detached homes is a low 0.9.    That is to say iw would only take 2.5 weeks to sell out the entire inventory of  condos  currently for sale, if no other condos were added on the market for sale in Mission Viejo.  Tht is a supre red hot sellers market.  And likewise for detached homes.  Traditionally, a Months of Inventory of greater than 6 months is a soft Buyers market.  A figure of 4 to 6 months is considerd a Neutral market, and 2 to 4 months is a Selelrs market.  And anything below 2 Months is a hot Sellers market.   So unlike the reports in the press of a depressed real estate market, the fact is, prices are selling fast at tody’s low prices.  For more information about Mission Viejo or Orange County real estate, please feel free to contact us at:  (949) 388-3396 or email us at:  Info@eVantageRE.com.  Also, if you would like to view all Mission Viejo Condos or single family Homes for sale online, without having to speak with a Realtor at this time,  just visit our website at:  eVantageRE.com

Post from: Orange County Real Estate Blog

There are 180 detached homes located in the city of Mission Viejo that are pending in escrow. The lowest priced property currently in escrow is valued at $209,900. It is a 2 bedroom, 1 bath, 1415 square foot home. The highest priced property currently in escrow is priced at $2,200,000. It is a 3,693 square foot lakefront estate on Lake Mission Viejo featuring 4 bedrooms and 4 bathrooms. This home has privacy plus as it is at the end of a cul-de-sac in the guard gated community of  Tres Vistas. The current median price for properties in escrow is $495,000.

In the past 90 days, there have been 192 detached properties that have sold and closed escrow in Mission Viejo. The lowest sales price for a detached property was $310,000 for a clean, upgraded 3 bedroom, 2 bathroom, 1,100 square foot home built in 1972, located just a short drive from the freeway and within walking distance to Colinas park. The highest priced property sold was a 4 bedroom + a loft, 4 bathroom, 3,316 square foot estate built in 1993. This home was priced at $910,000 and located on a cul de sac in the Anacapa community. This property features a rock pool and spa with a waterfall and a spectacular panoramic ocean view. The median home sales price is $510,000 and the average sales price in Mission Viejo within the past 3 months was $541,911. The average price per square foot was $275.59/SqFt. The average days on market was 66 days.

For more information about Mission Viejo Real Estate for sale, please feel free to call us at: 949-388-3396 , or email at: Info@eVantageRE.com or visit our website by clicking in the highlighted previous Link.

Post from: Orange County Real Estate Blog

Many of these foreclosure homes need some modest repairs such as paint and carpet, but sometimes needed repairs can be much more.  If you are planning in buying a bank REO home, make sure you are working with an experienced Realtor, and you employ the services of a professional home inspector.  If you are planning on buying a Condo, make sure you check with your mortgage lender to see if the condo tract is approved with FHA, if you intend to use such a loan.

Below, we have listed all bank owned foreclosure homes currently listed for sale in Mission Viejo.  These homes and condos range in price from $129,900 for a 1 bedroom, 1 bath condo, up to $799,000 for a 4 bedroom, 3 bath detached home.  If you would like to see the inside of any of these homes for sale, please feel free to give us a call at:  (949) 388-3396 or drop us an email at: Info@OCBankREO.com

BANK OWNED FORECLOSED HOMES LISTED FOR SALE IN MISSION VIEJO, CA

• S564473 — Condo — 23336 La Mar D  — 1 Bdrm  — 400  SqFt — $129,900
• MRM-C08155981 — Condo — 25899 MARGUERITE 101  — 1 Bdrm  — 722  SqFt — $143,500
• R810416 — Condo — 25899 Marguerite Pkwy 1101  — 1 Bdrm  — 722  SqFt — $149,900
• S564902 — Condo — 26282 Los Viveros 178  — 2 Bdrm  — 812  SqFt — $161,950
• S525739 — Condo — 25869 Marguerite Pkwy 203  — 2 Bdrm  — 1,040  SqFt — $174,900
• S565963 — Condo — 27878 Auburn 109  — 2 Bdrm  — 840  SqFt — $189,900
• S543053 — Condo — 26834 Alexandrite   — 2 Bdrm  — 860  SqFt — $199,900
• MRM-T09035138 — Condo — 26251 VIA ROBLE 13  — 3 Bdrm  — 1,200  SqFt — $199,900
• S563084 — Condo — 26034 Via Pera B3  — 3 Bdrm  — 1,156  SqFt — $200,100
• S556238 — Condo — 21074 Lavender 58  — 2 Bdrm  — 1,000  SqFt — $220,000
• P663148 — Condo — 23386 La Crescenta C  — 2 Bdrm  — 1,000  SqFt — $255,000
• S542835 — Condo — 26922 Poppy Pl   — 2 Bdrm  — 1,317  SqFt — $274,900
• S564544 — Condo — 26945 Braemar 147  — 3 Bdrm  — 1,464  SqFt — $323,900
• S569216 — House — 23032 Via San Gabriel   — 3 Bdrm  — 1,099  SqFt — $333,000
• S564312 — House — 28451 Lorente   — 3 Bdrm  — 1,109  SqFt — $357,900
• S567002 — House — 26941 Colmenar   — 3 Bdrm  — 1,120  SqFt — $370,000
• S564642 — Condo — 24436 Verena Ct   — 3 Bdrm  — 2,000  SqFt — $374,000
• P678416 — House — 27422 La Cabra   — 4 Bdrm  — 1,472  SqFt — $399,000
• S565635 — House — 27462 Limones   — 4 Bdrm  — 1,650  SqFt — $449,900
• S559660 — House — 23881 Cypress Ln   — 4 Bdrm  — 2,124  SqFt — $464,900
• S567951 — House — 26501 Via Lara   — 5 Bdrm — 2,172  SqFt — $499,900
• S567319 — House — 26531 Estanciero Dr   — 4 Bdrm  — 2,625  SqFt — $539,900
• S565939 — House — 27421 Via Amistoso   — 4 Bdrm  — 2,150  SqFt — $544,900
• S558451 — House — 26451 Via Logrono   — 4 Bdrm  — 2,100  SqFt — $549,900
• S542283 — House — 26541 Alicante Dr   — 5 Bdrm — 2,400  SqFt — $595,000
• S562860 — House — 26432 San Ramon Way   — 4 Bdrm  — 2,601  SqFt — $665,000
• S564353 — House — 27118 Pacific Terrace Dr   — 4 Bdrm  — 2,780  SqFt — $674,000
• P675071 — House — 23046 Stoneridge   — 4 Bdrm  — 2,865  SqFt — $799,900

Post from: Orange County Real Estate Blog

The homeowners looked into a Loan Modification and had pre-qualified for one. But the reduction in payments was not enough to solve their issues, plus the loan modification did not address the fact that the home had loan debts of more then $150,000 above what the home was worth. They contacted us in July of 2008′ to learn about the Short Sale option, and selected us to conduct the short sale.

This Mission Viejo home was initially put in our Short Sale Preparation Phase in which we gather the documents from the homeowner and contact the banks to establish and present our short sale case. This Preparation Phase took about 6 weeks to complete, and during that time the homeowner lived in the property as usual with no interruptions from other agents or prospective home buyers.

Then the Short Sale Marketing-Sales Phase began in which we placed the property on the market in the Multiple Listing Service (MLS) at a price of $425,000. After a period of about 2 weeks, we made a small drop in the price, and we obtained a buyer. After several back and forth negotiations, we arrived at a purchase price of $405,000. This Phase took 4 weeks to complete.

At this point, the Short Sale Bank Negotiations Phase began. Here we packaged the purchase offer from the Buyer,  required Short Sale disclosures, along with the Buyers loan qualification documents. We submit the updated package to the 1st and 2nd mortgage banks, to conduct the final short sale negotiations. After many heated discussions with our expert negotiation staff, our attorney and the bank officials, we got both the 1st and 2nd Mortgage Banks to agree to the short sale offer.  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 5 weeks.

The result was that the entire debt on the home was removed from the homeowner.   The homeowner was able to live in thier home during this short sale process and did not make any 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 is not as 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 can once again buy a Mission Viejo home in 10 months from now, and they will be $150,000 ahead in equity.

If you have any questions regarding Short Sales, contact our expert team at:  (949) 388-3396 or drop us an email at:  Info@ShortSalesASAP.com

Post from: Orange County Real Estate Blog

Type:

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  

Post from: Orange County Real Estate Blog

There are two forms of gated subdivisions.  One is he automatic gated entrance which is typically activated by the home owners using a remote controlled opener and security code that is changed periodically.  The other is a human 24 hour gate guard, or a combination of a human gate guard during certain hours, and an automated gated entrance during off hours.   

We identified each Condo and single family home subdivisions in Mission Viejo have gated entrances.  Below are three tables, one for each area of Mission Viejo, which shows each gated tract name and the name of the home builder:

Mission Viejo North Gated Tracts

Tract Name	Type of Home	Builder
Mallorca Condos	Condos	Mission Viejo Co
Finisterra On The Lake	Condos	Mission Viejo Co
Lake Aire	Condos	Signature Homes
Palmia – Courts 1	Condos	J.M. Peters
Palmia – Courts 2	Condos	J.M. Peters
Belcrest	Detached SFR	Signature Homes
Cliff Wood	Detached SFR	Taylor Woodrow
Concord	Detached SFR	Del Webb Coventry
Crystal Ridge	Detached SFR	Del Webb
Gallery Collection	Detached SFR	J.M. Peters
Hillhurst	Detached SFR	Standard Pacific Homes
Montclaire	Detached SFR	Standard Pacific Homes
Montage	Detached SFR	Bramelea
Palmia – Heights	Detached SFR	UDC Homes
Palmia – Terraces	Detached SFR	J.M. Peters
Palmia – Villas 1	Detached SFR	J.M. Peters
Palmia – Villas 2	Detached SFR	J.M. Peters
Palmia – Vistas	Detached SFR	Brock
Ridgegate Canyon Crest	Detached SFR	Brock
Stoneybrook	Detached SFR	Mission Viejo Co
Tres Vistas Custom	Detached SFR	Mission Viejo Co
West Cliff	Detached SFR	Mission Viejo Co

These fine residential communities are located throughout Mission Viejo in most all prices ranges. Mission Viejo is known for it’s mater planned communities nestled in the rolling hills, with popular Lake Mission Viejo as the focal point.  Mission Viejo residential neighborhoods boast of excellent public schools, clean air, very low crime rate, and close proximity to the south Orange County beaches.

To view all residential properties listed for sale that are located in gated communities in Mission Viejo, please visit our OC Just Listed home finder service and add a note that you are looking for just gated home or condo subdivisions in Mission Viejo.  Or feel free to call us anytime at:  949-388-3396

Post from: Orange County Real Estate Blog

• Pueblo – A:  3 bedrooms, 2 baths, 1,601 square feet, single story
• Tierra Blanca – B:  3 bedrooms, 2.5 baths, 1,833 square feet, two story
• Toluca – C:  4 bedrooms, 3 baths, 2,001 square feet, two story
• Merida – D:  4 bedrooms, 2.5 baths, 2,390 square feet, two story
• Vera Cruz – F:  4 bedrooms, 3 baths, 2,471 square feet, two story

Each floor plan has a fireplace, 2 car garage, family room and dining area, and come with a spacious 5,000 square foot lots.   Since this subdivision was developed in the surrounding rolling hills, many of the lost offer sweeping vies of the local mountains and city lights.  There is a small master association called the Oso Valley Greenbelt Association which manages several tracts in the area and the dues are only about $45 on a monthly basis at the time of this article (subject to change).  The community is also part of the Lake Mission Viejo association will full rights and access to this popular lake, and ther is no Mello-Roos. 

There is a great opportunity for a home for sale at 27702 Bahamonde in the Cortez tract in Mission Viejo. This happens to be a Bank Owned REO property that has lots of upgrades that were installed by the previous owner, such as; Custom kitchen Cabinets, Granite tops, Travertine Tile floors, and more.  It also has a Spa and swimming Pool with diving board and slide. The home needs a little bit of TLC, but is priced to sell quickly for the Bank is not in the business of owning homes.  For more details, visit:  www.27702Bahamonde.com

Cortez is serviced by the award winning Capistrano Unified School district and the grade school classes are conducted at Carl Hankey elementary school.   The intermediate classes are held at Newhart Jr High and the upper classes are at the respected Capistrano Valley High School.

The streets that comprise of the Cortez tract have a Spanish influence and are as follows:   Aruza, Athens, Bahamonde, Belmonte, Buscador, Cangas, Capricho, Carballo, Chantada, Compostela, and El Ferrol.

Today prices range in the low $600K for the 1 story floor plans and for the larger two story models the prices will fluctuate from the mid $600K’s up to the low $800K’s dependent upon the amount of upgrades and if the property has a panoramic view or not.

If you would like to view all homes listed for sale in Mission Viejo or Orange County, please visit our Orange County MLS home search.  If you would like to see the inside of any of these homes for sale, please feel free to contact us at:  949-388-3396 or email us at:  Info@OCRealtyGroup.com 

Post from: Orange County Real Estate Blog

Casta Del Sol and Carmel 55+ Community:

• Prices Range:   $430K – $700K
• Association Dues Range:  $230 to $285
• Year Built Range:  1972 to 1987
• Gated:  Human Gate Guarded
• Home Styles:  Single Family detached with 1 and 2 car garages ranging in size from 1,200 to 1,700 square feet.  Single family attached with 1 car garage ranging in size from 1,000 to 1,400 square feet.
• Community Amenities:  Wimming Pool, Tennis Courts, Club House, Recreation  Facility, Gym/Exercise Room, Sport Court.  It’s also adjacent to Casta Del Sol golf course which has reduced rates for seniors.
•  Number of Homes in Community:
• Carmel – 192 Detached Homes – built by Mission Viejo Co.
• Fiesta – 396 Detached Homes – built by Mission Viejo Co.
• PUD – 748 Attached Homes – built by Mission Viejo Co.
• Location:  Central Mission Viejo – East of Marguerite Pkwy , south of Alicia Pkwy and north of  Jeronimo 

Palmia Courts, Palmia Terraces, Palmia Heights and Palmia Vistas 55+ Communities:

• Price Range: $425K – $900K
• Association Dues Range:  $250 – $370
• Year built: 1989 to 1997
• Gated:  Human Gate Guarded
• Community Amenities: Club House, Recreational Facility, Gym – Exercise Room, Tennis Courts, Swimming Pool, Spa, Bar-b-que.
•  Number of Homes in Community:
• Courts 1 & 2 – 268 Attached Homes – built by JM Peters.
• Heights – 117 Detached Homes – built by UDC Homes.
• Terraces – 157 Detached Homes – built by JM Peters.
• Villas 1 & 2 – 252 Detached Homes – built by JM Peters.
• Vistas – 119 Detached Homes – built by Brock Homes.
• Location: North Mission Viejo by Santa Margarita Parkway and Monterey.  

Mission Viejo is located in southern Orange County California, about 10 miles east of the Pacific Ocean, 50 miles south of Los Angeles and 60 miles north of San Diego.  Due to it’s close proximity to the coast, the weather is very temperate year round, with average temperatures ranging from 60 degrees at night to 80 degrees in the day during summer months, and from averages of 45 degrees at night to 67 degrees during the day during the winter months.  Also, the annual rainfall is low as well as low humidity. 

Another great benefit to retirement here is that Mission Viejo has one of the lowest crime rates in the country, and the air is very clean.  With these 4 benefits of temperate year round weather, low annual rainfall, low crime and clean air, make Mission Viejo a great place for active adults who are looking for outdoor activities. Another cool little attribute of south Orange County living is that there are very few bugs flying around, and essentially no mosquito’s to bother with.

If you would like to view all retirement homes listed for sale in Mission Viejo, please visit our website at Mission Viejo Real Estate and request a free and no obligation custom search of all 55+ retirement communities.  If you would like for us to show you the homes for sale in these communities, please feel free to call us at: 949-388-3396 or drop us an email at:  Info@OCRealtyGroup.com 

Post from: Orange County Real Estate Blog

The Castille tract of homes were built by the renowned Mission Viejo Company.  There are actually two tracts, one located in Central Mission Viejo and the other located North Mission Viejo.  Castille North is located by the intersections of Los Alisos Blvd. and Vista Del Lago and Castille Central is located by the intersection of Trabuco Rd and Marguerite Pkwy.   Both Castille North and Central were developed in the early 1970’s. 

Castille North comprises of 264 single family detached homes and incorporates the streets of:  Altanero, Atomo, Balcon, Contento, Empanada, Esplendor, Esquina, Falencia, Medra, Oropel., Platino, Via Noveno, Vilia, and Visio Ln.

Castille Central is a much larger tract and comprises of 1,495 detached homes and includes the following streets:  Abeto, Agrado, Ancia ln., Arbolitos, Bellota, Bocina, Borrasca, Durazno, Escala Dr., Estribos, Golondrina, Hayuco, Lirio, Los Caballos, Nopales, Pasatiempo, Quetzal, Reflejo, Riendas, Ruisenor, Sinsonte, Siruela, Tirante, Via Astorga, Via Avila, Via Balsa, Via Vayona, Via Burgos, Via Calzada, Via Cebrero, Via Duero, Via El Rocio, Via Estella, Via Fineza, Via Flores, Via Guadix, Via La Coruna, Via Navarra, Via Olmo, Via Oviedo, Via Potes, Via Victoria, Via Vigo, and St. Elena.

Both Castille North and Central consist of the same one and two story homes comprising of 6 distinct and well designed floor plans as follows:

• El Greco (1) – 3 bedrooms, 2 baths, 1,294 square feet, single story
• El Dali (2) – 3 bedrooms, 2 baths, 1,394 square feet, single story
• La Lorca (3) – 3 bedrooms, 2 baths, 1,525 square feet, single story
• El Goya (4) – 4 bedrooms, 2 baths, 1,570 square feet, single story
• El Picasso (5) – 4 bedrooms, 3 baths, 1,850 square feet, two story
• El Ribera (6) – 4 bedrooms, 3 baths, 2,100 square feet, two story

Each floor plan includes a spacious lot and 2 car garage.  all floor plans include a family room except for the El Greco model.  Over the years, many of these original homes have been remodeled or room additions have been constructed to bring additional variety and character to these fine properties. Home owners in both Castille North and Central are members of the ever popular Lake Mission Viejo with dues that run about $17 per month (subject to change).  In addition, castille North has a small association due of approximately $38 per month at the time this article was written (subject to change). 

Castille North homes are serviced by the respected Saddleback Valley Unified School district.  The elementary school is Del Lago, and the middle school is Los Alisos Jr High School.  The high school for Castille north is Trabuco Hills. 

The Castille Central subdivision is serviced by the award winning Capistrano Unified School district. Due to the large size of this tract, there are two elementary schools which are Castille and Phillip Reilly grade schools.  The middle school is Newhart Jr High and the high school is Capistrano Valley. 

Castille Central commands slightly higher prices then Castille North, and prices currently range from the low $600K’s for the smaller one story models on up to the high $800K’s for the larger two story plans that have been recently remodeled.  Visit our main website to view all homes currently listed for sale in Mission Viejo.  If you would like to see the inside of any of these homes for sale, drop us an email at:  Info@OCRealtyGroup.com  

Post from: Orange County Real Estate Blog