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28519 Applewood Lane
Castaic, CA 91384
$799,900
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
1836
Property Description
Bring on the warm weather and sunshine! ! This lovely Castaic pool home offers tons of space for its new owner both inside and out.  Three bedrooms upstairs AND a huge loft that was originally a builder option for two more additional bedrooms! Mountain views from almost every window! The main floor has traditional formal living and dining rooms upon entry, with windows peering out to the large front yard that perches above Applewood Lane.  With granite countertops and a bay window, the kitchen opens to the family room with laminate wood floors and a fireplace, both enjoying views of the huge back yard.  Scenes of family and friends enjoying long summer days under the shade of the solid cover patio, floating in the brick ribboned pool, and playing games on the deep back lawn that stretches alongside the pool will play through your mind as you step outside.  Expansive views of blue skies, trees, and mountaintops are your only neighbors on the rear side of the property.  Upstairs, the primary bedroom is spacious and bright, with a seat bench window and a small reading nook.  A two car attached garage and wide drive way offering possible RV or Boat parking will come in handy so close to the lakes nearby.  No HOA and No mello roos!!  Castaic Lake is just moments away offering upper and lower lakes to enjoy boating, skiiing, wakeboarding, fishing and paddleboarding.  Only 15 minutes from the center of Valencia.  Are you ready to own your new pool home this year? Schedule your visit today!
Property Information
Lot Size
8,347 sqft square ft
Property Type
Residential
Year Built
1989
MLS Number
SR24071472
Location
Address
28519 Applewood Lane
City
Castaic
State
CA
Zip Code
91384
County
LOS ANGELES (SANTA CLARITA)
Listing
Provider
RE/MAX of Valencia, original listing
Name
RE/MAX of Valencia
Phone
(661) 255-2650
Office Name
RE/MAX of Santa Clarita
Office Phone
(661) 255-2650
Agent Name
Daniel Walsh

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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.

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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.