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1880 N El Camino Real
San Clemente, CA 92624
$3,195,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1270
Property Description
Experience stylish and carefree beachfront living at this meticulously renovated seaside cottage situated within San Clemente’s exclusive Capistrano Shores community. Positioned directly on the sand, this single-level residence offers sweeping ocean vistas encompassing Catalina Island and the coastline, spanning from the iconic San Clemente Pier to the Dana Point Headlands. Welcoming friends and family, the three-bedroom, two-bath layout boasts a private, gated patio adorned with stone decking, an inviting open-air fireplace, and a built-in BBQ island featuring an under-cabinet beverage refrigerator. A rare beachfront deck provides a serene setting for morning coffee or evening cocktails, accompanied by the soothing sounds of the ocean. Spanning approximately 1,270 square feet, the home exudes an airy ambiance with its high beamed ceilings, pristine white walls, and expansive windows. The beach-view living room, graced with two sliding-glass doors leading to the patio, seamlessly flows into a dining area and a bespoke kitchen equipped with a central island, stone countertops featuring convenient small appliance garages, white Shaker cabinetry complemented by glass uppers, a farmhouse sink, and stainless-steel appliances. The primary suite is adorned with mirrored wardrobe doors and custom wainscoting, offering a private retreat with an ensuite bath showcasing a tiled shower and dual sinks. Convenience is further enhanced by a stacked washer and dryer, and EV charging system exclusive to the home. Capistrano Shores enjoys a coveted location in close proximity to beach trails, shopping centers, and an array of recreational amenities, ensuring an unparalleled coastal lifestyle.
Property Information
Lot Size
2,900 sqft square ft
Property Type
Residential
Year Built
1999
MLS Number
OC24068644
Location
Address
1880 N El Camino Real
City
San Clemente
State
CA
Zip Code
92624
County
ORANGE (SOUTH)
Listing
Provider
Inhabit Real Estate, original listing
Name
Inhabit Real Estate
Phone
(949) 498-7711
Office Name
Inhabit Real Estate
Office Phone
(949) 498-7711
Agent Name
Doug Echelberger

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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.