Home for Sale at 2788 E Berry Loop Privado, Ontario, CA 91761

2788 E Berry Loop Privado
Ontario, CA 91761

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Property Details

List Price:	$475,000
Beds:	1
Baths:	2
Status:	Pending
SqFt:	976
Agency:	eXp Realty of California, Inc.

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Description/Comments

Lot Size:	999 sqft
Property Type:	Residential
Year Built:	2019
Notes:	HOT HOME ALERT Attention to this COOL 1bed room house at Ontario's Heaven ~"New Haven" Community. What you imagine of NEW, NICE and LUXURY are here at this place. You can enjoy new life style in this Newer city as its values are growing and growing and, it is surely worth commuting to near other counties. This condo is END UNIT with more open feeling. The condo has a such a satisfying floorplan with extra spaces on the first floor. Extra big storage closet is located by the attached garage, the garage is updated to the next level niceness. Extra space on the first floor opens up the house and Stairs are feeling more open with wide newel stair space that you can decorate to add more charms to your home. THE CUSTOMED KITCHEN is ONE of KIND, with updated tile backsplash and counter tops. It reminds you the luxury life style that will elevate your life quality. The condo gives you tankless water heater, stainless appliances and smart home system. The amenities are luxury resort styles that you feel you are vacationing enjoying them which is one of the bragging point of living at New Haven Community. Enjoy Pools, spas, dog park, fir pit, outdoor cooking areas, barbecue grills, up-to-dated playground as well. The location is fantastic being able to walk to market places. Come and See the house in person to FALL in LOVE.
MlsNumber:	PW24088933

Listing Provided By:	eXp Realty of California, Inc., original listing
Name:	eXp Realty of California, Inc.
Phone:	(888) 584-9427
Office Name:	eXp Realty of California Inc
Office Phone:	(888) 584-9427
Agent Name:	Minnie Kim
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