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Lemon Grove Foreclosure

May 22

Posted by Real Estate Home Blog in Foreclosures, Real Estate, San Diego Real Estate | No Comments

Here we have a 1,225 square-foot, 3 bedroom 2 bathroom single family home in Lemon Grove. Attached to the house is a two door garage that lacks direct access from the main living area. The spacious front yard provides more than enough room for additional parking.

Front door opens into a combined living/dining room area with connected kitchen. Laundry hook-ups are available in the kitchen. Highlights include retro green kitchen countertops (possibly original) and a fireplace in the living room. Built in closet space is available in each bedroom and window fittings appear to have recently been refurbished.

The property has a large backyard with covered porch area and a huge tree that dominates most of the yard.

This bank owned property is listed at $205,000. Built in 1958, the property as it stands today requires a lot of work. Problems include peeling stucco, rising damp, and fences that need replacing. Major interior and exterior renovations needed – this is definitely a fixer upper. That being said, the low price (for San Diego) has generated a great deal of interest among buyers. This won’t stay on the market for long!

For more information on this or any other San Diego real-estate bargains please contact Alex at Team Aguilar.

Is Fannie Mae Overpricing Properties in California?

Mar 7

Posted by Real Estate Home Blog in Loans, Real Estate, San Diego Real Estate | No Comments

A growing number of real estate deals have been falling apart across California – agents and sellers put the blame solely at the feet of government backed mortgage giant Fannie Mae. The tax payer supported company has been accused of over-pricing homes across the state, killing many short-sale deals and forcing the sellers to enter foreclosure.

Why would the biggest mortgage lender in the nation be purposely scuppering deals in a time when it should be encouraging market recovery? The answer is complicated.

While Fannie Mae has a vested interest in helping homeowners avoid foreclosure through short-sales and other means, it also has the competing goal of making sure that the American taxpayer who is funding Freddie Mac and Fannie Mae (whether they like it or not) is getting a good deal out of every real estate deal brokered by the mortgage giant.

As a result Fannie Mae regularly overprices short sale properties 20 to 40 percent higher than what they would normally go. Officials at Fannie Mae say they are justified in overpricing short sale properties to such an extent while the California Association of Realtors strongly disagrees. Representatives from the CAR argue setting the price so high drives away buyers, kills chances of a successful short sale and forces the homeowners into foreclosure.

Fannie Mae’s spokesperson, on the other hand, says that their valuations are justified and are based on several factors that include past sales of similar properties, appraisals and the opinions of their in-house real estate brokers.

California realtors, unfortunately, can do little except complain. Amid all the accusations of rampant value inflation by the mortgage giant, a delegation from the California Association of Realtors recently flew to Washington D.C. to try and straighten things out with the top Fannie Mae officials. What this will actually accomplish in California’s real estate market remains to be seen, however.

Besides killing potential short-sales, the overpricing of properties by Fannie Mae has another more insidious effect on California’s housing market. Many agents argue that Fannie Mae’s rampant overpricing has the additional consequence of artificially inflating home prices across the board. This in turn drives traditional buyers away since they have to seek additional financing to meet Fannie’s higher prices. Cash buyers, on the other hand, are often backed by companies with ready capital, so don’t face this problem. This goes a long way in explaining why cash is king in
Southern California’s real estate market, accounting for 34.9 percent of all homes sold in January.

Certain areas such as the San Diego real estate market are particularly hot right now. A combination of a lack of inventory of entry-level homes and declining San Diego foreclosure numbers means that more buyers are forced enter the regular property market, foregoing the distressed housing market. As more buyers compete for regular properties the offers start to increase in value, raising prices. Mortgage giants like Fannie Mae are fully aware of this trend and are only too happy to take advantage of it.

Team Aguilar Video Tour of 2837 Franklin Ave San Diego CA 92113

Dec 5

Posted by Real Estate Home Blog in Real Estate, San Diego Real Estate, Video Tour | No Comments

Today we’re looking at a 1,294 square-foot, 3 bedroom 1 bath single family home in Logan Heights. The property is in a great location, just east of the 5 Freeway and within walking distance of Logan Elementary School and Memorial Park. It has a decent front yard with enough parking space for 3 regular sized cars.

The front door opens to a spacious living room area, and adjacent to the living room is a large dining room. There is no partition between the living and dining rooms, so they can both be combined into an extra-large living area if required. Both living and dining rooms have great natural lighting.

Adjacent to the dining area is a good-sized open plan kitchen fitted with new appliances including a gas-range oven. Behind the kitchen is the washer/dryer nook, with enough space for a full sized washer and dryer. The home’s single bathroom is connected to the wash/dryer area. It is a full bath with bathtub, shower, toilet and sink.

The first bedroom is near the front entrance in the living room, the second is connected to the dining area, and the third next to the washer dryer area – great for growing families! The property has a large backyard with access to the alley. Although the backyard needs some landscaping work done, it is big enough to allow for the construction of a granny flat – ideal to rent out as a small studio.

The biggest selling point of the property is its price. It is listed at $245,000 – an amazing bargain when you consider that it is nearly impossible to find a single family home anywhere in San Diego County for less than $250,000.

Yet Another Team Aguilar Video Tour of 800 The Mark Lane San Diego CA 92101

Dec 1

Posted by Real Estate Home Blog in Foreclosures, Real Estate, San Diego Real Estate, Video Tour | No Comments

Here is another luxury condo for sale at The Mark in the heart of downtown San Diego. Located on the 20th floor, this is a 1 bedroom 1 bath unit, 905 sq ft listed at $496,000 at the time of making the video (price has gone down since then, see link below for current price). The unit has stylish wood flooring, central air and floor to ceiling windows with incredible views of downtown San Diego.

The unit has an open layout living-room/kitchen design. The kitchen is fully upgraded with a gas range oven and granite counter-tops. The floor to ceiling windows gives the illusion of space, making the 905 square foot unit see much larger than it actually is. Next to the front door get a stackable washer-dryer nook as well as a closet for additional storage space. A decent sized balcony is connected to the living room. Balcony is about 7ft by 9ft, offers great panoramic views of Coronado Bridge and Petco Park.

The single bedroom has a large master bath with tub/shower combo and his and hers sinks. The bedroom’s walk-in closet needs slight repairs – unfortunate, but expected when dealing with bank-owned property. The master bedroom also has floor to ceiling windows.

The Mark is centrally located between East Village and Gaslamp Quarter, and is within walking distance of Petco Park. Additional amenities include pool, spa, gym, business center, 24 hour security, private dog park, Jacuzzi and more.

You can get photos and additional details about this high rise downtown unit at http://www.teamaguilar.com/home-details-120053565.html

Team Aguilar Video Tour of The Mark Lane San Diego CA 92101, East Village, Ballpark District

Nov 14

Posted by Real Estate Home Blog in Real Estate | No Comments

Today we’re looking at a 1,126 sq. ft. 2 bedroom 2 bath luxury condominium unit with incredible views of downtown San Diego. The unit is on the 14th floor of The Mark Condominium Complex at 92101 East Village.

The unit has a fairly decent sized 12×13 master bedroom with great views of the San Diego skyline. The master bedroom has a walk-in closet and a good sized bathroom with dual sinks and a walk-in shower. The slightly smaller second bedroom has a full bath, built-in closet and nice panoramic views of Balboa Park and the zoo.

There is a stackable washer dryer unit near the entrance of the unit with an extra storage closet. The open plan living space combines a spacious living room with kitchen, dining area and a good-sized balcony. The kitchen comes fully equipped with top of the line GE appliances, a five burner gas stove and granite counter tops. Floor to ceiling windows cover two walls of the living room – optional blinds available for added privacy.

The biggest selling point of the unit is the prime downtown location and the great views of the city. This high-rise condominium complex is located in the East Village between 8th and 9th Avenue, a couple of blocks away from Petco Park.

The unit listed at $665,000 at the time of shooting the video – this same unit would easily sell in the $1 million range during the height of the real estate boom a few years back. Building amenities include 24/7 security, private pool, Jacuzzi and private dog park. HOA fees about $700/month.

Contact Carlos or Alex at Team Aguilar for more information on this or any other downtown property.

Team Aguilar Video Tour of 1221 Parker Place, San Diego CA 92109

Nov 14

Posted by Real Estate Home Blog in Real Estate, San Diego Real Estate | No Comments

This cozy beachfront 1,267 sq. ft. 2 bedroom 2 bath condominium unit is located at 1221 Parker Place in Mission Bay. The unit is on the third floor of the complex, accessible by stairs or elevator.

The unit has a good sized master bedroom with spacious closet space and a master bath with walk-in-shower. The second bedroom is a bit smaller, but is still decent sized with adequate closet space. Second full-bathroom located right outside the second bathroom in a little hallway connecting both bedrooms. Both bedrooms have carpeted flooring.

The rest of the unit is comprised of an airy open-plan living space which incorporates the dining-area, living-room, fireplace, kitchen and washer-dryer nook. The kitchen is fully upgraded with the latest appliances and has a kitchen-island design. The living room also connects to a small 8×8 open air-deck with amazing views of Sail Bay.

Both the deck and living-room offers incredible views of the beach overlooking Sail Bay. The beach is seconds away from the unit , and its boardwalk makes it ideal for walking, running or biking. The condominium complex has its own private pool, Jacuzzi and private access to the beach.

Underground parking is available for one car, additional temporary parking available on the street. This is a great little condo offers incredible views and beach-side living in the heart of San Diego. The unit was listed at $775,000 at the time of making the video, but the price has since come down - contact Carlos or Alex at Team Aguilar or visit the Team Aguilar listings page for more information.

Junior Seau’s House up for Sale – 604 South The Strand Oceanside CA 92054

Jul 29

Posted by Real Estate Home Blog in Real Estate, San Diego Real Estate | 1 Comment

The Oceanside beachfront property of Junior Seau is up for sale. As you may have heard Seau, former San Diego Chargers linebacker and local hero, tragically committed suicide earlier this year. His estate is looking to sell his 3 bedroom, 2 and a half bath 2,238 square foot beachfront home. The house is aggressively priced at just 2.2 million – just over $1,000 per square foot.

Quite the bargain when you consider that other properties on that street with a similar square footage sell for almost double what Seau’s house is listed! This is quite likely the lowest priced property in the neighborhood, and a bargain for anyone looking for prime beachfront real estate in San Diego County.

Visit the Team Aguilar listings page for more information, and read this in-depth analysis to learn how such a house can be priced so low.

Team Aguilar Video Tour of Pacific Beach Condominium, 4621 Lamont, San Diego, CA

Jul 15

Posted by Real Estate Home Blog in Real Estate, San Diego Real Estate, Video Tour | No Comments

This is a 2 bed 1 and half bath, 972 sq. feet apartment in a small condominium complex. The complex is located at 4621 Lamont, a block away from Garnett. Quiet, well maintained apartment complex with a central courtyard. Unit located on the second level of the complex.

It is a two story unit. Front door leads to a cozy dining nook/kitchen combo. The island-kitchen design is a bit on the small side, but comes fully fitted with all the appliances. Decent sized living room with a nice view overlooking the main street. Smaller bathroom located here.

A steep staircase leads to the upper floor, where you’ll find the full bath and both bedrooms. Master bedroom is big, has great closet space and plenty of windows offering nice views of Mission Bay. Master bedroom also comes with Ikea built-ins for extra storage. The second bedroom is smaller in size, but has a lovely little deck with nice views. The carpeting on the second bedroom might need replacing.

Apartment is in great condition, ready to move-in, no additional work needed. Lovely muted color scheme, great natural lighting through double-paned windows, all cherry hardwood floors (except for 2nd bedroom). Priced to move at under 300k – you won’t find a better condo deal in Pacific Beach. Low HOA fees at $210/month. Parking is available at the side of the building.

Visit the Team Aguilar listings page for more information.

Alex on Zillow
42539

' I used Carlos & Alex Aguilar to purchase a condo which went very smoothly. I had never purchased anything larger than a car and I was pleasantly … more '
5.0/5.0
by JoeInSanDiego

 

Team Aguilar Video Tour of 3235 Marlton Drive, in South Park, San Diego, CA

Jun 25

Posted by Real Estate Home Blog in Real Estate, San Diego Real Estate | No Comments

Next door to 3223 Marlton (see video below) is 3235 Marlton Drive, in South Park, San Diego, CA. This 1,446 square foot single unit family home has 2 bedrooms and 2 baths. Great views of the neighborhood from the front porch.

Well maintained front yard with stairs leading to porch and main entrance. Nice living room with large windows, fireplace and wood panel flooring (might be original?) Living room connects to a large dining area which in turn is connected to a decent-sized kitchen with a cheery breakfast nook next to some large windows. Kitchen needs some major upgrading.

Small hallway connects the dining area to a very large master bedroom, second bedroom and full bathroom. Both bedrooms have closets and master bedroom has extra storage space. Additional storage is available in the hallway. Second bedroom has a door leading to a spa room. Spa has a full size Jacuzzi, a sauna and its own full bathroom. Spa room has its own access to the back yard and can easily be converted into a third bedroom.

Large back/side yard covered with cement. Detached 2 car garage with a small workshop area in back yard. Garage door needs to be replaced.

Built in 1946, the house needs quite a bit of work, but is competitively priced and is a great investment for the right buyer with an eye for remodeling. This property has huge potential, and you’ll be hard pressed to find a similar home for this price anywhere in South Park!

Visit the Team Aguilar listings page for more information.

Team Aguilar Video Tour of 3223 Marlton Drive, in South Park, San Diego, CA

Jun 24

Posted by Real Estate Home Blog in Real Estate, San Diego Real Estate | No Comments

This single family home is located on 3223 Marlton Drive, in South Park, San Diego, CA. Situated in a quiet residential South Park neighborhood, this 1445 square foot home has 3 bedrooms 2 baths. Front yard has good landscaping with some nice hedge work.

Main entrance in a nice open front porch leads to a spacious living room which has wood panel floors, a fireplace and large windows allowing for some superb natural lighting. Living room is connected to the kitchen through a good sized dining room area. Kitchen is fully fitted with all the appliances and has a lovely breakfast nook with large windows. Kitchen also has a pantry.

Master bedroom has its own closet with a smallish full bathroom. A little hallway connects master bedroom to second, third bedrooms and second full sized bathroom. Second bathroom has some nice tiles. Additional storage is available in the hallway. Second bedroom is significantly larger than the master bedroom and has a spacious closet. Third bedroom doubles as a home office and comes fully furnished with shelves and a wrap around desk.

Decent sized yard covered in concrete with a large brick fireplace area – great for entertaining. Detached two car garage with plenty of extra storage space with additional parking available on the back alley – property can easily accommodate 4 cars with no trouble.

House was built in 1936 and is extremely well maintained – no renovations or repairs necessary!

Visit the Team Aguilar listings page for more information.