Condo or “Home Home”…the Pros and Cons

Recently, I’ve come across several buyers who deliberate on whether they should buy a condo/townhome or a traditional single family home (you know, the kind that usually have bigger back yards and are NOT in an association). So what exactly are the pluses and minuses of owning a condo/townhome and owning a single family residence? Condos (which include townhomes as far as the MLS is concerned) are good for the following reasons: Most are “low maintenance,” meaning the yards (if it has one) are usually small, less grass to cut, less weeds to pull, less greenery to water, etc. This is attractive for busy people who don’t have time to deal with it and don’t need the bigger yard. The HOA (Home Owners Association) is actually a PLUS sometimes. Let me give you an example: Some HOA’s cover the roof of the property. So, let’s say we have heavy rains. The roof leaks. The HOA property manager is contacted, who, in turn contacts the roofing vendor. The work is done at the expense of the HOA. Roof repair for Orange County, CA homes can run extremely high, especially in extreme situations where the roof needs to be completely replaced. This would be a HUGE out-of-pocket expense for someone who owns in a traditional neighborhood. The buyer of a condo is advised to look into exactly what the HOA covers. Some cover a TON, some cover very little and you’re scratching your head wondering why the dues are $333 a month. Condos in Orange County tend to be newer on average than traditional home-homes. Now, that isn’t to say that there aren’t older condo tracts, but condo/townhomes generally are newer than sfr’s. Newer construction equates to less potential problems with the plumbing, electrical, etc. Condos can be bad for the following reasons: The HOA’s can be horrible…some run over $300 per month and you’re looking around asking, “For WHAT?!?” Some HOA’s can be excessive in terms of rules and regulations and oppressive. I’ve heard stories of HOA’s writing up violations for silly things like plants growing to large or dogs peeing in wrong places. Don’t get me wrong…sometimes rules can be good and in the best interest for everyone, but I’ve seen when the Board members are sheriffs on the look out for anything out of line….like the lady in Over the Hedge who measured the grass of her neighbor’s lawn, 2″ height requirement. Because of the HOA, you are limited to what you can do to your property. Especially on the outside of the property, visible from the street. So, no painting that cracked wheat color, no addition to the home without the HOA’s approval via architectural request. Individual creativity and expression is usually not encouraged in an HOA. On the positive side, however, this limiting of artistic creativity or color preference can be a good thing — Do you really want your neighbor to paint their house turquoise? Size. Condos and townhomes generally are smaller than your traditional family home. This obviously is not always the case, but is a generalization. Single Family “Home Homes” are good for the following reasons: They usually have bigger yards. This is good for the person or family that likes to entertain a lot of people and need space for the pool, BBQ, sport court, lawn activities, etc. Some people like the wide open space, the distance between their home from their neighbor’s house. There usually aren’t restrictions on what you can do (city must approve additions, improvements, however). It’s nice to know you can paint the home YOUR favorite color or park your car in the driveway or next to the curb or have people stay over the night, weekend, or week. For pet lovers, they can have as many pets as the city ordinance allows. Neighborhood. You usually find the “settle down” kind of people in neighborhoods of single family homes. These are neighborhoods that have history. Sometimes people look after each other, take care of the pets and yard when you go on vacation. Community block parties…and these neighboring families can become so close that they actually become like an extended family. This is very attractive to the outgoing people that love community and interaction with people. Single Family Homes can be bad for the following reasons: The bigger yards mean more TIME spent gardening (if you don’t have a gardener). It means more up-keep and responsibility. Some care, and some don’t. A pool is awesome for kids and their friends in the summer, but can be a liability if someone gets hurt or drowns. No HOA means no insurance coverage for the exterior of the dwelling…you’re on your own if there is a flood in the home or a leak in the roof or a fire breaks out in the master bedroom. It’s you and your invidual insurance company. Need help selling your home? Need to find a home? Call or email me!!! Nic Petrossi, Prudential CA Realty in Brea (714) 272-3646 npetrossi@yahoo.com http://www.NicPetrossi.com

Steps for Buying a Home and Placentia Homes Market Update from Placentia Real Estate Expert Nic Petrossi

As of July 13, 2009 below is a list of all homes in Placentia that are regular sales, not short sales or bank owned. 

Call Nic Petrossi (714) 272-3646 with Prudential or email npetrossi@yahoo.com

Step #1:  Contact a Bank or Mortgage Broker to run (not ruin, run) your credit and get a Pre-Qualification Letter.  (these are sometimes referred to as a “Pre-Approval” letter). 

Step #2:  Contact Nic Petrossi to have him search for homes in the price range you have been pre-approved to buy in.

Step #3:  Buy a home in Placentia, Yorba Linda, Brea, Fullerton, Anaheim Hills.  (These cities (east side of Fullerton when you’re talking about Fullerton), have very few foreclosures and have been insulated from the “foreclosure anchors” that have been pulling down home prices all over the nation and even in other cities in Orange County.  Northeast Orange County is, in my opinion, one of the safest places to buy, physically, but also economically.

Mon, Jul 13, 2009 03:35 PM

RES	MLS #	Status	P	V	H	T	Q	Type	A/D	Address	City	Area	Zip	TGNO	Trct/M	Bd	B t/f	Sty	Gar	SqFt	Yr Blt	Price	DOM
1	P694066	A	2		H	T	Q	SFR	D	1616 Oak	PLA	84	92870	739J7	OTHR/0	2	1/1	1	1	910	1949	$130,000	7
2	S580639	A	12		H	T	Q	CONDO	A	182 Southampton Way 31	PLA	84	92870	739F5	HOTG/0	2	2/1	2	1 D	897	1972	$197,000	7
3	P692110	A	1		H	T	Q	SFR	D	500 S Van Buren St	PLA	84	92870	0000×00	OTHR/0	3	2/2	1	1	1,270	1932	$249,900	24
4	P691960	A	9		H	T	Q	CONDO	A	111 S Lakeview Ave 111j	PLA	84	92870	740B7	OTHR/1	2	2/2	2	1	930	1990	$259,000	26
5	P691929	A	1		H	T	Q	SFR	D	819 Tafolla St	PLA	84	92870	0000×00	OTHR/0	5	2/2	1	1	1,250	1953	$259,900	24
6	P694606	A	20		H	T	Q	SFR	A	1445 Prospect Ave C	PLA	84	92870	739J4	OTHR/3	3	3/1	2	1 D	1,437	1964	$294,000	6
7	S567872	A	8		H	T	Q	CONDO	A	1541 Ismail Pl	PLA	84	92870	739J7	ALPL/6	2	2/2	2	1 A	1,000	1998	$335,000	139
8	P692419	A	18		H	T	Q	CONDO	A	957 La Paz Rd 48	PLA	84	92870	739H5	LOSB/0	2	3/1	2	2 A	1,233	1986	$369,000	4
9	P693948	A	9		H	T	Q	SFR	A	300 Los Padres Ln	PLA	84	92870	739F7	PLVG/1	3	2/2	1	2 A	1,314	1976	$380,000	10
10	P687727	A	6		H	T	Q	SFR	A	212 Preakness Dr	PLA	84	92870	740B6	PLKN/0	2	3/1	2	2 A	1,528	1981	$389,900	58	*
11	S579585	A	11		H	T	Q	CONDO	A	1447 Via Cortez	PLA	84	92870	739F4	OTHR/1	4	3/2	2	2	1,615	1972	$395,000	17
12	S560648	A	4		H	T	Q	SFR	A	1517 SHERWOOD VILLAGE Cir	PLA	84	92870	739H4	SHER/2	3	3/2	2	2	1,346	1974	$415,000	182
13	P660218	A	5		H	T	Q	SFR	A	2485 Arrow Cir	PLA	84	92870	739F2	WOOD/1	2	3/2	2	2	1,325	1975	$435,000	276	*
14	P691499	A	8		H	T	Q	CONDO	D	1565 Hastings Way	PLA	84	92870	739J6	OTHR/0	3	3/2	2	2 A	1,560	1998	$449,000	28
15	P692112	A	1		H	T	Q	CONDO	D	1753 E Hayes Ct	PLA	84	92870	739J6	OTHR/0	3	3/2	2	2 A	1,715	1999	$449,000	24
16	P694909	A	8		H	T	Q	SFR	D	1507 N Victoria Way	PLA	84	92870	739D4	SHDH/0	3	3/2	2	2 A	2,112	1978	$489,900	1
17	P681484	A	5		H	T	Q	SFR	D	1719 N Mccormack Ln	PLA	84	92870	739G4	OTHR/1	4	2/2	1	2	1,684	1963	$525,000	107
18	P592086	A	1		H	T	Q	SFR	D	643 E Highlander Ave	PLA	84	92870	739G4	OTHR/0	4	2/1	1	2 A	1,539	1969	$530,000	720	*
19	P693485	A	19		H	T	Q	SFR	D	2336 Cebu Ct	PLA	84	92870	739G2	OTHR/-	4	3/1	1	2 A	1,976	1964	$535,000	13
20	P681474	A	15		H	T	Q	SFR	D	2026 Tuffree Blvd	PLA	84	92870	739E3	OTHR/5	5	3/2	2	2 A	2,435	1964	$550,000	115
21	P693357	A	6		H	T	Q	SFR	D	214 Patrician Ln	PLA	84	92870	739F3	OTHR/-	4	2/2	1	2 A	1,784	1963	$569,500	13
22	P682274	A	4		H	T	Q	SFR	D	1323 Vina Del Mar Pl	PLA	84	92870	739J5	ALPL/1	5	3/2	2	3	2,226	1965	$575,000	82	*
23	P689511	A	20		H	T	Q	SFR	D	2120 Heloise Way	PLA	84	92870	739G3	OTHR/1	4	3/1	2	2 A	2,190	1963	$579,000	62	*
24	P693954	A	12		H	T	Q	SFR	D	660 Longfellow Dr	PLA	84	92870	739G3	OTHR/0	3	3/2	1	3	1,808	1972	$590,000	10
25	MRM-C09023975	A	4		H	T	Q	SFR	D	519 LEE Pl	PLA	84	92870	739E4	/	3	2/2	1	2 A	1,682	1963	$592,000	137
26	P662449	A	14		H	T	Q	SFR	D	177 Los Alamitos Cir	PLA	84	92870	740A6	MARP/0	4	3/3	2	2 A	2,172	1980	$599,900	260	*
27	P692930	A	20		H	T	Q	SFR	D	574 E Milano St	PLA	84	92870	739G5	MONS/1	3	3/2	2	2	2,384	1993	$610,000	6	*v
28	P652037	A	14		H	T	Q	SFR	D	1454 E Evans Ln	PLA	84	92870	739J6	OTHR/*	3	2/2	1	3	1,716	1995	$615,000	332	*
29	P684841	A	16		H	T	Q	SFR	D	1542 Shenandoah St	pla	84	92870	739f4	OTHR/.	3	2/1	1	2	1,525	1968	$625,000	80
30	P692471	A	20		H	T	Q	SFR	D	607 La Marr Ln	PLA	84	92870	739G6	FAIR/0	3	3/1	2	2	1,953	1995	$629,900	20
31	P685496	A	13		H	T	Q	SFR	D	606 Hollyhock Ln	PLA	84	92870	739F6	SEQH/1	4	3/2	1	2	2,460	1979	$635,000	75	*
32	L29923	A	20	V	H	T	Q	SFR	D	1619 Rock River	PLA	84	92870	739f4	OTHR/0	4	3/0	2	3	2,468	1968	$644,900	46	*
33	P664714	A	10		H	T	Q	SFR	D	1525 Shaver Way	PLA	84	92870	739F4	POND/1	5	3/2	2	3 A	2,360	1967	$650,000	250	*
34	P694149	A	20		H	T	Q	SFR	D	213 Garfield Ave	PLA	84	92870	739F3	STNG/.	4	3/1	2	3 A	2,554	1966	$699,000	7
35	P694391	A	13	V	H	T	Q	SFR	D	825 Newton Ln	PLA	84	92870	739G6	MDTF/0	3	3/2	2	3 A	2,410	1993	$699,000	6
36	P685248	A	9	V	H	T	Q	SFR	D	919 San Juan Ln	PLA	84	92870	739G7	OTHR/O	4	3/2	2	3	2,453	1976	$699,900	79	*
37	P666582	A	2		H	T	Q	SFR	D	968 Finnell Way	PLA	84	92870	739G6	FWAV/2	4	3/2	2	3	2,450	1984	$699,950	227
38	P694757	A	18		H	T	Q	SFR	D	425 Nevin Ln	PLA	84	92870	739J6	OTHR/*	5	3/2	2	3 A	2,860	1994	$700,000	3
39	P681931	A	14		H	T	Q	SFR	D	1211 Campanis Ln	PLA	84	92870	739H7	OTHR/1	3	2/2	1	2	2,100	2005	$729,000	103	*
40	P671308	A	20		H	T	Q	SFR	D	330 Oberle Pl	PLA	84	92870	739H7	OTHR/1	3	2/2	1	2	2,217	2003	$749,000	182	*
41	P693867	A	20		H	T	Q	SFR	D	1234 Campanis Ln	PLA	84	92870	739H7	OTHR/5	4	3/2	2	3 A	2,600	2005	$749,900	10
42	P684100	A	20		H	T	Q	SFR	D	508 Shoshoni Ave	PLA	84	92870	739F2	OTHR/4	4	3/3	2	3 A	2,832	1972	$750,000	87
43	P694334	A	18		H	T	Q	SFR	D	2237 Montgomery Cir	PLA	84	92870	739E2	OTHR/0	5	5/4	2	3 A	3,556	1976	$795,000	6
44	P691562	A	19		H	T	Q	SFR	D	400 Purdy Ave	PLA	84	92870	739F2	OTHR/1	4	3/2	2	3 A	3,177	1968	$795,500	27
45	S576093	A	1		H	T	Q	SFR	D	436 Kiolstad Dr	PLA	84	92870	739F2	OTHR/1	5	3/3	2	3	3,077	1966	$824,000	45
46	P687729	A	20		H	T	Q	SFR	D	1149 E Maertzweiler Dr	PLA	84	92870	739H6	HQT/0	4	4/4	2	3 A	2,900	2001	$825,000	61	*v
47	P680203	A	20		H	T	Q	SFR	D	432 Oberle Pl	PLA	84	92870	739H6	OTHR/4	4	3/3	2	3	2,900	2004	$855,000	117	*
48	MRM-H09060435	A	0		H	T	Q	CBO	D	125 S MELROSE St	PLA	84	92870	739E7	/	3	3/2	2	3		1990	$1,050,000
49	S570457	A	20		H	T	Q	SFR	D	829 Berkenstock Cir	PLA	84	92870	739G3	CUST/0	3	4/3	2	4 D	5,684	1913	$1,249,990	95	v

Placentia Homes Alta Vista South Update

Below, you’ll find a list of all homes in the Alta Vista Country Club Golf Course area south of Alta Vista that are active, are in escrow (as B or P) or have closed escrow as of 7/1/2009. 

Contact Nic Petrossi with Prudential CA Realty at (714) 272-3646 Direct or email at npetrossi@yahoo.com    Visit Nic’s website —>  WEBSITE

As your Alta Vista South homes specialist, I want to welcome you to visit my website by clicking the link below

 

                            Nic Petrossi Real Estate Website

 

Below is a list of all active homes, home in escrow, and closed sales since July 1st, 2009 in the Alta Vista South homes near the Alta Vista Country Club Golf Course.

Contact Nic Petrossi with Prudential CA Realty at (714) 272-3646  or email at npetrossi@yahoo.com

Mon, Jul 13, 2009 03:04 PM

Residential
RES	MLS #	Status	P	V	H	T	Q	Type	A/D	Address	City	Area	Zip	TGNO	Trct/M	Bd	B t/f	Sty	Gar	SqFt	Yr Blt	Price	DOM
1	P671602	A	11		H	T	Q	SFR	D	407 Cline Ct	PLA	84	92870	739G7	HQT/0	5	3/2	2	3 A	2,600	2001	$640,000	161	*
2	P672113	A	8		H	T	Q	SFR	D	412 Quail Run Ln	PLA	84	92870	739G7	OTHR/+	4	3/3	2	3	2,900	1999	$650,000	155	*
3	P687729	A	20		H	T	Q	SFR	D	1149 E Maertzweiler Dr	PLA	84	92870	739H6	HQT/0	4	4/4	2	3 A	2,900	2001	$825,000	61	*v
4	P684825	P	18		H	T	Q	SFR	D	907 Doral Ct	PLA	84	92870	739G6	ALPL/2	4	3/3	2	3	2,300	1999	$675,000	46	*
5	P686922	P	20		H	T	Q	SFR	D	314 Robertson Ct	PLA	84	92870	739G7	OTHR/0	5	3/3	2	3	2,800	2001	$675,000	16
6	R903450	P	0		H	T	Q	SFR	A	1112 Soto Pl	PLA	84	92870	739H7	CUST/1	5	4/4	2	2	3,378	2001	$749,000	25
7	P659691	P	3		H	T	Q	SFR	A	530 DICKINSON Cir	PLA	84	92870	739G6	PLVG/0	5	4/3	2	3	3,000	2004	$850,000	189	*
8	P689250	S	10		H	T	Q	SFR	D	932 Torrey Pines Pl	PLA	84	92870	739G6	OTHR/0	4	3/3	2	3	2,533	1999	$675,000	7

Granada Park Placentia Homes

Granada Park is a highly-coveted gated community centrally-located in the gorgeous city of Placentia.  Approximately 180 homes; use code: Single Family Residences with 2 car garages and 6 different floor plans ranging from 1,360 sf to 2,336 sf single story and two story homes.  Granada Park boasts 2 professional quality tennis courts, pool / spa, clubhouse, blanket insurance coverage, and is currently in process of grand scale landscape modernization. 

Below is a list of homes that have sold or presently in escrow (“back” means “backup offers”) since 5/1/2009.

Call NIC PETROSSI, your Granada Park Specialist with Prudential Ca Realty (714) 272-3646 Direct  or email npetrossi@yahoo.com

www.NicSellMyHome.com

Thu, Jul 9, 2009 10:32 AM

RES

MLS #

Status

P

V

H

T

Q

Type

A/D

Address

City

Area

Zip

TGNO

Trct/M

Bd

B t/f

Sty

Gar

SqFt

Yr Blt

Price

DOM

1

P691225

B

8

H

T

Q

SFR

D

354 Pennsylvania Way

PLA

84

92870

739F6

GRNP/D

4

3/3

2

2 A

2,044

1977

$499,000

26

2

P684139

S

19

H

T

Q

SFR

D

367 New Hampshire Way

PLA

84

92870

739F6

GRNP/A

3

2/2

1

2 A

1,606

1977

$430,000

4

v

3

P665774

S

10

H

T

Q

SFR

D

601 Valley Forge Dr

PLA

84

92870

739F6

GRNP/3

3

3/2

2

2 A

1,886

1977

$440,000

180

*

Placentia Short Sale Realtors – What are my options???

There are 5 things you can do when you realize you can no longer make your mortgage payments:

1. Nothing
2. Deed in Lieu (Hand the Title, and keys, back to bank)
3. Short Sale
4. Bankruptcy
5. Loan Modification

All of these options will adversely affect your credit.  However, some options ARE better than others.

For example, the on the severity scale of how bad your credit will take a hit, on a scale of 1 to 10, an outright foreclosure or bankruptcy is like an 11.  The Deed in Lieu is probably the dumbest thing to do because the bank will let you stay in the home rent free for a while anyhow while you work this all out.

A Loan Modification is the best route to take, but you have to know what you’re doing.  There are only a handful of legitimate Loan Modification companies out there that know how to handle this for you (for a fee) but are well worth the money.  Making your monthly payment smaller could allow you to keep your home and sometimes the bank will reduce the AMOUNT owed (principal balance). 

A short sale is the best route to take, usually, if you…A) Can’t get a loan modification, B) The loan modification doesn’t help anyhow because you can’t afford even the new amount, C) The home you’re living in is your principal residence (i.e. it’s not an investment property), and D) you can work out discharge of indebtedness with the IRS.

We get the term “short sale” from the fact that the bank is taking less from the proceeds from the sale of your home than the current loan amount owed.  Ergo, the bank comes up “short.”  In other words, the bank takes the hit in the pocket and you take the hit to your credit.  When you short sale, the amount “forgiven” you by then bank for the difference owed and the final purchase price is actually considered a “gift” by the government, and the government will tax your income accordingly. 

Example:   You bought your home in 2006 for $750,000.  The home is now worth $600,000 and you’ve lost your job.  Your wife (or husband) can’t handle the payments with their income alone.  You try to call the bank and work out a loan modification but the bank says “no” even though the person on the phone is not authorized to tell you “no.”  So you call an expert who can negotiate with the bank for you.  THAT doesn’t even work so now you must short sale your home.  You find a real estate agent who lists the home you once bought at $750,000 for $575,000.  The agent tells you that you need to get together a “packet.”  The packet consists of two years taxes, 2 months bank statements, a hardship letter to the bank explaining why you can’t make your payments, and any other documentation of income.  The agent gets several offers and eventually (after several weeks) submits the highest and best offer (we’ll say $600,000 for the sake of this discussion) to the bank with the “packet.”  The packet with the offer reaches the bank’s loss mitigation department where it sits on a desk with several other offers and packets on several different properties.  If there are 2 or more lenders on your home, the packet and offer have to be sent to those banks as well.  When there is a Second on the property, it gets sticky because the First Lien Holder sometimes doesn’t care about the Second Lien Holder and the Second wants to get something out of the deal.  The negotiations between the 1st, 2nd (and sometimes) 3rd Lien Holders will often delay this process even longer.  Let’s say the bank settles on the $600,000…and you owe $700,000 since you originally put down $50,000 when you bought the place.  Now, you are taxed on that $100,000 as if you made that money since it is considered a gift by the IRS.

The good news is that there was a bill passed by Congress to relieve you of that “gift” taxation as long as you live in the property as primary residence and can prove insolvency (that your bills are more than your income).  You would then apply for this using IRS form 982 called “Reduction of Tax Attributes Due to Discharge of Indebtedness.”  You apply when you file your income taxes.  The word on the streets is that the IRS is so back-logged that they are not going after people for the difference on their home’s short sale, but I wouldn’t trust in that information but consult a CPA or lawyer to see how you’ll be affected.

Need help selling or buying a home in Orange County? 

Contact me, Nic Petrossi with Prudential at (714) 272-3646 or email me at npetrossi@yahoo.com

Click here to check out my website —–>    CLICK HERE

Placentia Homes, County of Orange Mortgage Assistance Program (MAP)

There is a program out there called MAP, County of Orange Mortgage Assistance Program.

To qualify, you must …

1. Be a first-time home buyer
2. Depending on the number of household residents 18 and over…for a single person, they must make $52,100 or less.  For 2 people they must make $59,500 or less combined, for 3 people living in the house, they must make $66,950 or less combined, 4 people is $74,400
3. Be a U.S. Citizen or Permanent Resident Alien
4. Must contribute 1% from your own funds
5. Must complete homeownership education seminar

Here’s what’s awesome:

  You only have to come up with 1% of the purchase price as opposed to FHA’s 3.5%!

The program gives you $40,000 as a silent (deferred payment) downpayment assistance loan for lower-income makers for the participating cities of:

• Aliso Viejo
• Brea
• Cypress
• Dana Point
• La Palma
• Laguna Beach
• Laguna Hills
• Laguna Woods
• Los Alamitos
• Placentia
• Seal Beach
• Stanton
• Villa Park
• Yorba Linda
• County of Orange (unincorporated)

The unincorporated areas are:

• Anaheim Island
• Big Canyon
• Coto de Caza
• East Irvine
• El Modena
• Emerald Bay
• Ladera Ranch
• Las Flores
• Midway City
• Modjeska Canyon
• North Laguna Hills
• Orange Hills
• Orange Park Acres
• Rossmoor
• San Juan Hot Springs
• Santa Ana Heights
• Santiago Canyon
• Shady Canyon
• Silverado Canyon
• Sunset Beach
• Tonner Canyon
• Trabuco Canyon
• Trabuco Highlands
• Tustin Foothills
• Wagon Wheel

If you think you qualify, call…

 NIC PETROSSI with Prudential  (714) 272-3646 cell

Visit the website for more details….

http://www.affordable-housing.org/index.php/homebuyer-programs/downpayment-assistance/county-of-orange-mortgage-assistant-program-map/

NIC PETROSSI, Nov. 7, 2008 Placentia Homes (Foreclosures | REO | Bank Owned) from Realtor

Below is a list of all Placentia Foreclosurs | REO’s | Bank Owned properties as of Nov. 7, 2008.

Placentia is known as a “Pleasant Place to Live” with award winning schools, quiet & safe neighborhoods, great restaurants and shopping and most all homes are close to the 57 or 91 freeways.  Placentia is located close to Brea shopping and restaurants as well as downtown Fullerton shopping and restaurants.  Some of Placentia’s fine communities include Alta Vista South, Granada Park, Founders Park, Sequoia Woods and Hamptons on the Green. 

Visit my website ——> WEBSITE for Placentia school boundary maps and more information on Placentia, CA. 

Fri, Nov 7, 2008 09:15 AM

RES	MLS #	Status	P	V	H	T	Q	Type	A/D	Address	City	Area	Zip	TGNO	Trct/M	Bd	B t/f	Sty	Gar	SqFt	Yr Blt	Price	DOM
1	P654854	A	6		H	T	Q	CONDO	A	212 S Kraemer Blvd 1605	PLA	84	92870	739F7	CNTC/0	2	1/1	1	0	845	1972	$116,300	52	*
2	S544200	A	3		H	T	Q	CONDO	A	162 Kauai Ln	PLA	84	92870	739F7	PLL1/*	1	1/1	2	0	916	1979	$175,000	84	*
3	P659435	A	6		H	T	Q	SFR	D	937 Gonzales St	PLA	84	92870	769D2	OTHR/n	3	1/1	1	2 D	897	1925	$212,000	31	*
4	P658705	A	9		H	T	Q	SFR	D	943 Tafolla St	PLA	84	92870	769E1	OTHR/0	3	1/1	1	1 A	1,061	1923	$220,900	37	*
5	P651564	A	1		H	T	Q	SFR	D	211 Wilson Ave	PLA	84	92870	739E6	CHAP/1	2	1/1	1	1	842	1950	$239,999	86	*
6	S545571	A	1		H	T	Q	SFR	D	901 S Melrose St	PLA	84	92870	769E1	OTHR/0	4	1/1	1	1	1,101	1921	$255,900	72	*
7	P660506	A	8		H	T	Q	CONDO	A	1226 N Placentia Ave	PLA	84	92831	739D5	OTHR/0	2	2/1	2	1 A	1,210	1964	$264,900	24
8	P659759	A	10		H	T	Q	SFR	A	2375 Natchez	PLA	84	92870	739G2	OTHR/0	2	1/1	1	2	864	1972	$270,000	30	*
9	S541929	A	18		H	T	Q	SFR	D	832 Nebraska Ave	PLA	84	92870	769D1	OTHR/0	4	2/2	1	2	1,213	1955	$284,499	78	*
10	P662928	A	0		H	T	Q	SFR	D	1632 La Paloma Ave	PLA	84	92870	740A7	OTHR/5	5	3/2	2	2 A	2,000	1973	$329,000	8
11	P652770	A	18		H	T	Q	SFR	D	801 Stardust Dr	PLA	84	92870	739D6	OTHR/.	3	2/1	1	2 A	1,189	1958	$330,000	78	*
12	S524902	A	6		H	T	Q	SFR	A	540 El Cabrillo	PLA	84	92870	739F4	OTHR/0	3	3/2	2	2	1,404	1972	$339,900	163	*
13	P645459	A	7		H	T	Q	SFR	D	506 Wilson Cir	PLA	84	92870	739E6	OTHR/0	3	2/2	1	2	1,552	1955	$339,900	87	*
14	S551726	A	12		H	T	Q	SFR	A	1621 Sherwood Village Cir	PLA	84	92870	739H4	OTHR/0	3	3/2	2	2	1,346	1974	$379,900	17
15	P662425	A	15		H	T	Q	CONDO	A	2049 Baymeadows Dr	PLA	84	92870	740B6	OTHR/0	3	3/2	2	2	1,440	1977	$409,900	11
16	P642740	A	13		H	T	Q	SFR	D	405 W Center St	PLA	84	92870	739E7	OTHR/A	5	2/1	1	1	1,897	1939	$424,900	142	*
17	P657867	A	17		H	T	Q	SFR	D	502 Kansas Ave	PLA	84	92870	769D1	OTHR/*	4	2/1	1	2 D	2,011	1955	$439,900	43
18	P650560	A	1		H	T	Q	CONDO	D	1024 Moreno Way	PLA	84	92870	739H7	BLVS/1	3	3/2	2	2	1,800	1994	$447,900	93	*
19	P659177	A	0		H	T	Q	CONDO	D	1728 Pierce Ln	PLA	84	92870	740A6	MARP/3	3	3/2	2	2	1,715	1999	$475,000	34
20	P661552	A	12		H	T	Q	SFR	D	1832 Taft Ln	PLA	84	92870	740A7	OTHR/0	3	3/2	2	2 A	1,768	1997	$499,900	17
21	P648126	A	20		H	T	Q	SFR	D	612 Stanford Dr	PLA	84	92870	739F7	OTHR/D	4	3/2	2	3	2,978	1978	$620,000	108	*
22	S551138	A	6		H	T	Q	SFR	D	103 Harvard Ct	PLA	84	92870	739F7	OTHR/0	4	3/2	2	3	2,700	1999	$649,900	22
23	S543570	A	17		H	T	Q	SFR	D	624 Muro Cir	PLA	84	92870	739H6	MDTF/2	3	3/3	2	3 A	2,617	1995	$650,500	89	*
24	P663020	A	1		H	T	Q	SFR	D	1419 Munoz Pl	PLA	84	92870	739J6	OTHR/0	4	3/2	2	3 A	2,851	1992	$669,900	7

NIC PETROSSI, Placentia Realtor – Placentia Home Sales Way Up! Nov. 1, 2008

Placentia Homes Sales Way Up

   The Orange County Register, our local newspaper, has just reported that home sales in Orange County are up 55% from this time last year.  This number, however, would be MUCH HIGHER if Lansner and his team chose not to include NEW HOME sales which actually do not factor in / weigh in heavily for several cities in Orange County where there are very few new homes for sale. 

If new homes sales were not factored in, the resale single family homes and condos sales would actually be closer to 77% instead of 56%.  Click here to see the chart, look at bottom –> Chart

How did Placentia homes fare since this time last year?  There were 35 homes sold in the 22 business day period ending Oct. 13 which is 75% more homes sold in that same time frame last year.  So, when we read that home sales are up 63% or 56% from last year, we usually don’t think about how that breaks down from city to city.  One area in Anaheim is over 400% higher in sales volume than last year!

What Does this Mean for Us?

   This 75% is significant.  People are buying homes in Placentia.  Although the number of homes sold does not compare to the 2002 to 2004 gold rush frenzy, 35 homes in a 22 day period is very very good.  What we’re seeing is a release of the pent-up demand of “fence sitting” buyers who are now entering the market as they feel that we are close to the bottom (UCLA economists say Summer of 2009).  Instead of the extreme buyers market of the past 2 1/2 years, we’re seeing a stabilization of the market as the pendulum swings and the balance shifts back toward the seller and we’re seeing fewer low ball offers and “bottom feeders” coming to steal a home. 

Why Buy in Placentia?

   Placentia is a city that is passed over.  Passed over for cities like Yorba Linda and Brea as one looks at a map and looks left to right from Fullerton to Brea to Yorba Linda.  Placentia is a small city in relative size to Fullerton and Yorba Linda.  Most people from out of the area don’t even know it exists.  But talk to the people who live in Placentia and you’ll hear a completely different story.  Placentia truly is a “Pleasant Place to Live.”  There are neighborhoods to buy in that rival Yorba Linda and Brea’s finest.  The schools are often equal in peformance than Yorba Linda or Brea —-> Scores.   Or click here –> Scores.

For boundary maps of which neighborhoods feed to specific Placentia Yorba Linda schools, click here —> WEBSITE and go to SCHOOLS link.

Thinking of buying or selling in Placentia, Yorba Linda, Fullerton, Brea or Anaheim Hills, contact me through my website or call the # on my website —>  Click Here.