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5 Ash Hollow Trail
Ladera Ranch, CA 92694
Joshua Richardson with First Team Real Estate, original listing - (949) 365-1888
$1,140,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
1427 Square Feet
Property Description
Discover a hidden gem in Ladera Ranch! Hitting the market for the first time, this beautifully maintained detached home by John Laing Homes is nestled in the desirable Trails neighborhood and showcases the sought-after Fallen Leaf floorplan with soaring ceilings, tall picture windows, and a thoughtfully designed layout. The welcoming family kitchen features a cozy breakfast nook, counter bar seating, custom pull-out cabinetry, and a built-in desk. Upgraded throughout, the home boasts newer Milgard windows and slider, a recently replaced AC, furnace, and water heater, plus brand-new flooring on the stairs and second floor. Upon entry, you're greeted by stunning custom Knotty Pine paneling with built-in shelving and cabinetry, adding warmth and character. The inviting living room offers a cozy step-down lounge area with a gas fireplace and stone surround. Upstairs, the flexible loft space can easily convert into a third bedroom, while the primary suite features a spacious walk-in closet and a freshly updated en suite. Additional highlights include a built-in tech station for work-from-home convenience, a large laundry room, and smart tv wiring throughout. Step outside to enjoy a private west-facing backyard, designed for relaxation with no direct neighbor views, lush tree-lined surroundings, and pre-wiring for an outdoor TV and grill rotisserie. The two-car garage is both functional and stylish, featuring epoxy flooring, LED lighting, custom storage racks, and a workshop setup. Located in a vibrant community with top-rated schools, only one HOA, and one of the lowest Mello Roos fees in Ladera Ranch, this home offers access to 13 pools, hiking and biking trails, a skatepark, water park, and the nearby Oak Knoll Clubhouse with resort-style pools. A rare opportunity to own a move-in-ready home in an exceptional location—don’t miss it!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Condominium
Year Built
1999
MLS Number
--
Location
Address
5 Ash Hollow Trail
City
Ladera Ranch
State
CA
Zip Code
92694
County
ORANGE (SOUTH)
Listing
Name
Phone
(949) 466-9785
Office Name
Office Phone
(949) 365-1888
Agent Name
Joshua Richardson
Agency Phone
(949) 539-0824

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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.