Orange County Real Estate

Our featured home for sale in Newport Beach today is a very large single family residence in Santa Ana Heights (East Side Costa Mesa). Here are the details on 375 23rd St Newport Beach.

Newport Peninsula Homes for Sale

Location, location, location! This home is in the Newport Beach side of "East Side Costa Mesa" and is what I like to call a blank slate. Great bones but in need of some improvement. The best part is this home is listed at $874,900 and it is 2156 square feet! This is your chance to own a Newport Beach single family home for around $400 per square foot! This 4 bedroom home has recently been painted, media built ins, and refinished hardwood floors.

And the best part, the lot is almost a .25 acre, which means you have a nice sized backyard!

For more

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Coastal Real Estate Group is proud to offer another beautiful home for sale. Last night 49 Rincon Way in Aliso Viejo was listed for sale. Here are the details for this amazing home.

Aliso Viejo Homes for Sale

Located in a the golf course and country club community of Glenwood, this 4 bedroom 3 bath home is absolutely stunning. This home was built in 2010 and has too many upgrades to list! A few are the gourmet kitchen and top of the line appliances.

The sitting area off the enormous master bedroom.

Check out the built in media center with surround sound.

And oversized bonus room with built in cabinets.

If you are interested in viewing this spectacular home please contact the listing agent David Feldberg at (949) 439-6288. Showings for the

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The first is a single family home in Costa Mesa and closed at $570K. 933 Tanana is a 3 bedroom 2 bath home with 1400 square feet. Located on a private cul-de-sac with beautiful landscaped front and back yards, this will make a great home! Congrats Joel and Brett!

Costa Mesa Homes for Sale

The second home is an investment property in Corona. With 2 bedrooms and 2 baths and a cap rate of OVER 5% this will be a great investment! Congrats Niousha!

For more information on buying or selling homes in Newport Beach, Costa Mesa, or any of the surrounding areas please contact one of our Newport Beach area realtors today!

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Every couple of weeks I try to highlight a new home for sale in Newport Beach that offers exceptional value for the price. Today I wanted to bring your attention to 1000 Buckingham Ln #3 Newport Beach, Ca 92660.

Newport Beach Condo for Sale

This beautiful condo is located at the edge of the Westcliff and Dover Shores communities. With a 5 minute walk you are at the back bay with plenty of hiking trails or you can walk to the many restaurants in the area.

The condo is completely remodeled. The kitchen has granite counters, stainless steel appliances and a wet bar all with a view!

Both bathrooms have been remodeled as well with custom vanities and travertine floors.

The living room is large, bright and airy with a wood burning fireplace, custom shelving, and a

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I like to keep everyone updated with good deals in the Newport Beach area. Anytime you can find a motivated seller being a buyer is a good thing, so without further adieu here we go.

The condo with the largest price drop over the last two weeks in Newport Beach is 35 Sea Island Dr.

Newport Beach Homes for Sale

This stunning condo is located in Big Canyon and has been remodeled throughout!

It is a 2 bedroom a 2.5 bath with over 1550 square feet! The Newport Beach home is very open and offers an updated kitchen and a cozy patio.

Located on Big Canyon Golf Course next to Fashion Island this Newport Beach condo is a steal with a $75,000 price drop bringing the price down to a very affordable $649,000!

 

The largest Single Family home price drop in

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SOLD! 12 Elissa Ln in Ladera Ranch

Ladera Hills Home for Sale

Located in the highly desirable, guard gated community of Covenant Hills this 4600 square foot masterpiece left no upgrade undone. From the professional appliances in the gourmet kitchen, to the built in BBQ Cabana in the backyard, Including the wine cellar, this home is spectacular!

For more information on Covenant Hills or Ladera Ranch homes for sale, or anything in the Orange County area please contact one of our realtors today!

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When are we going to see growth in property values again?

The answer is NOW! As of July of 2012 the values for most of real estate in Orange County California were on the rise and as of the time I am writing this post they have been moving higher for almost a year! Here are some stats from a few cities in Orange County from May of 2013. I have illustrated the change from May of 2012. Green for an increase and Red for a decrease.

Newport Beach Single Family Homes Townhouse or Condo
# of New Listings 109 (1.9%) 44 (33%)
# of Pending Sales 71 (2.9%) 33 (0%)
Average Sales Price $2,063,377 (20.8%) $796,630 (31.5%)
# of Homes for Sale 217 (-42.6%) 56 (-47.2%)

 

Costa
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Is there a way to reset the base year value for a home in California that has decreased in value?

The simple answer to this is no. The definition of "base year value" is the property's full cash value as of the date of that last change in ownership. So there is no way for you to reset the value back to that value. There is however a process to appeal the assessors value of your home. Each tax assessor is different but here in Orange County California you go to the assessors website download the form fill in the reasons why you think your value is less then what they have the home assessed for and include a copy of an appraisal for your property. At that point your application will be reviewed and its in the hands of the tax assessor for your county.

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When you are looking to purchase a home in Newport Beach, Costa Mesa, Huntington Beach, or anywhere in Orange County for that matter you need to make sure you are prepared. Your first step is to find out what is the maximum payment you are comfortable with paying each month. Next you need to know exactly how much you have available for down payment and closing costs. When buying a home in Newport Beach, Costa Mesa, Huntington Beach, or anywhere in Orange County it is safe to assume 1%-2% in closing costs, assuming you aren't buying down your loan rate. (Closing costs consist of loan cost, title, escrow, taxes, insurance, recording fees, etc.) Once you have established what you are comfortable paying and you know exactly how much you have available for

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As a homeowner if you are even open to the idea of selling your home, renting to tenants with an option to buy is usually a great thing, here are the pros and cons.

Benefits of Renting your house with an option to buy

Usually you are charging a higher then normal rent because a portion of their payment will go towards their down payment. For example lets say the normal rental rate is $2000 per month, you might set up something where your renter is paying $2300 to $2500 so $300-$500 per month goes towards their down payment if they exercise their option to buy it. Should they not choose to buy it however you just collected some extra rent. Another benefit is your tenants will probably treat their home better then if it was just your house, its going

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