Home for Sale at 733 Las Riendas Drive, Fullerton, CA 92835

733 Las Riendas Drive
Fullerton, CA 92835

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Property Details

List Price:	$1,325,000
Beds:	5
Baths:	4
Status:	Pending
SqFt:	2525
Agency:	Realty World Allensworth

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Description/Comments

Lot Size:	9,900 sqft
Property Type:	Residential
Year Built:	1977
Notes:	Welcome to 733 Las Riendas Dr. in Fullerton, a single story 5 bedroom, 3.5 bath house. This is the set up you've been waiting for! The original floorplan of the house is 4 bedrooms, 2.5 baths, with living room, family room, laundry room, a primary suite with walk in closet and full en-suite bath, and 3 additional bedrooms. A fully permitted 1br studio unit was added in 1988 which has its own studio living area, kitchenette, 3/4 bath and own separate front door entrance. The floorplan flows perfectly and is the ideal set up for a main 4 bedroom house with an additional attached studio unit. Ideal set up for a mother in law quarters, or a student rental, a live-in caregiver rental, or a nanny/ granny-flat. Enter the main front door into the generous formal living room with fireplace, sliding glass doors and views of backyard. The formal dining room is off the living room and just steps from the kitchen. The kitchen looks out to the side yard and the covered patio area. Kitchen opens to the family room. Family room has built in bookcase, family dining area and half bath. Individual laundry room and 3 car attached garage entrance are off family room. Down the hall is primary suite with views of backyard, walk in closet, very large en suite bath with shower, soaking tub and vanity area. 3 additional bedrooms and a shared hall bath complete the original floor plan. At the end of bedroom 4 is one entrance to the studio unit. Studio has own 3/4 bath, kitchenette and living area. It has bay windows, views to front yard and separate entrance to front walkway area. There is lots of natural light, commercial grade tile flooring and a coat closet (the perfect spot for stackable laundry). Large driveway extends in across and gives side yard access, making for potential trailer/boat parking on west side. A generous covered patio area and garden boxes complete the side yard. Backyard also has 4 varietals of citrus trees, a shuffle board court, a concrete pad area perfect for a spa or bbq area, and elevated garden boxes for roses and additional plants. This house is absolutely the perfect set up for multi-generation family living arrangement, or studio rental/ separate apartment. Trustee sale, sold as-is.
MlsNumber:	DW24095783

Listing Provided By:	Realty World Allensworth, original listing
Name:	Realty World Allensworth
Phone:	(562) 923-8879
Office Name:	Realty World Allensworth
Office Phone:	(562) 923-8879
Agent Name:	Marina Allensworth
Disclaimer:	Copyright Â© 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.

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