Home for Sale at 7925 La Costa Circle, Buena Park, CA 90620

7925 La Costa Circle
Buena Park, CA 90620

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Property Details

List Price:	$1,100,000
Beds:	5
Baths:	2
Status:	Pending
SqFt:	1553
Agency:	Keller Willliams Pacific Estates

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Description/Comments

Lot Size:	6,224 sqft
Property Type:	Residential
Year Built:	1957
Notes:	Fabulous pool home made new, ready and waiting for you! Freshly painted throughout with designer colors and new vinyl plank flooring this home has a fresh, clean look that you cannot help but love! As you enter the front door you immediately notice the open living space. The kitchen is spacious with an island also used as a breakfast bar and overall gathering place for family and friends as it flows into the living and dining room area. With two sliding glass doors in the living space and a lovely skylight, there is an abundance of natural light. The fireplace is a focal point and can be viewed and enjoyed throughout this area! Brand new HVAC was installed in 2024 with all new ducting for your pleasure. The backyard has an enormous covered patio that overlooks the beautiful heated pool! The current owners have used the finished garage as a bonus room for entertaining, pool parties and also as a rental. The home includes solar which is paid in full. The driveway is long and can easily hold 4 cars. The newly painted wrought iron fencing in the front frames this amazing home and has an automatic gate at the driveway entrance. Located on a cul-de-sac which is always a bonus! Whether a larger family, multiple families or a group home, the possibilities are endless. Conveniently located near the 91 and 5 freeways, restaurants, shopping, schools, churches and amusement parks!
MlsNumber:	PW24049928

Listing Provided By:	Keller Willliams Pacific Estates, original listing
Name:	Keller Willliams Pacific Estates
Phone:	(562) 513-7856
Office Name:	Keller Williams Pacific Estate
Office Phone:	(562) 513-7800
Agent Name:	Rhonda Cudeback
Disclaimer:	Copyright Â© 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing