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20842 Porter Ranch Road
Rancho Santa Margarita, CA 92679
Edward Gurzi with Coldwell Banker Realty, original listing - (949) 837-5700
$1,900,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3
Property Type
Conventional
Square ft
2708 Square Feet
Property Description
Stunning Upgraded Home in Robinson Ranch, Trabuco Canyon. Nestled in the sought-after Robinson Ranch neighborhood of Rancho Santa Margarita cityhood, this beautifully remodeled and upgraded 5-bedroom, 3-bathroom home boasts approximately 3,050 sq. ft. of thoughtfully designed living space. With an expanded floor plan and a wealth of custom features, this home is the perfect blend of elegance, comfort, and functionality. The heart of the home is the huge chef’s kitchen, featuring custom cabinetry, granite countertops, a large eating area and an ample sized pantry complete with custom pantry door. The energy-efficient insulated windows throughout the home flood all the areas of the home with natural light. The oversized secondary bedrooms upstairs were enlarged during a remodel and provide ample space, while an added office nook enhances productivity. The downstairs bedroom can serve as an additional office space or bedroom. Thoughtful details such as a laundry chute, custom baseboards, door casings, crown molding, and windows trimmed out in matching moldings add character throughout. The primary suite is a true retreat with a custom ceiling, upgraded lighting features, and access to approximately 500 sq. ft. of additional storage. The family room is warm and inviting, with a custom hearth, mantel, and built-in surround sound. The lower level is completed with porcelain tile flooring, newer interior and exterior paint, and a custom linen cabinet with a granite countertop. Step outside to a large 6,300 sq. ft. lot designed for both entertaining and easy maintenance. The extended front porch features flagstone accents, while the back patio is equipped with automatic remote-controlled awnings, a granite countertop, and a built-in gas line for grilling. The side yard garden is enhanced with custom concrete stepping stones, a drip system for planters, and lush artificial turf in both the front and backyard. Additional highlights include a three-car garage with built-in storage and workspace, a whole-house fan, and a dual-zone HVAC system that efficiently directs warm or cool air where needed. The large driveway provides ample parking. Located in a highly desirable community with access to parks, a community pool and spa, biking and hiking trails, award-winning schools, and nearby shopping and dining, this exceptional home is truly one-of-a-kind. Don’t miss the opportunity to make it yours! ?? Schedule your private tour today!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1990
MLS Number
--
Location
Address
20842 Porter Ranch Road
City
Rancho Santa Margarita
State
CA
Zip Code
92679
County
ORANGE (SOUTH)
Listing
Provider
Coldwell Banker Realty, original listing
Name
Phone
(714) 315-9511
Office Name
Office Phone
(949) 837-5700
Agent Name
Edward Gurzi
Agency Phone
(949) 837-5700

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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.