Home for Sale at 5222 Lena Drive, La Palma, CA 90623

5222 Lena Drive
La Palma, CA 90623

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Property Details

List Price:	$1,198,000
Beds:	4
Baths:	3
Status:	Pending
SqFt:	2104
Agency:	House of Seven Gables Real Estate Inc.

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Description/Comments

Lot Size:	4,500 sqft
Property Type:	Residential
Year Built:	1970
Notes:	Welcome to your dream oasis in La Palma! Whether you're a seasoned host or simply love bringing loved ones together, this spacious home is designed for unforgettable gatherings. Embraced by a peaceful and quiet neighborhood this home also offers you a sanctuary to retreat to when rest and relaxation are what you need. <br /> <br /> As you step through the inviting entryway with a soaring ceiling adorned with a skylight, a sense of openness envelops you, setting the perfect tone for your entertaining adventures. The beautifully crafted stairwell adds a touch of elegance, guiding you into the heart of the home.<br /> <br /> With a sunken living room and dining room that can effortlessly transform into a game/pool room or den, the possibilities for entertainment are endless. Host formal dinners in the refined ambiance of the formal living room and dining area or let your creativity flourish and customize the space to suit your desires.<br /> <br /> The upgraded kitchen is a culinary haven, boasting custom solid oak cabinetry, granite countertops, and a convenient center island with ample storage. Imagine preparing delicious meals while mingling with guests, with the stone-faced fireplace adding warmth and charm to both the family room and spacious family kitchen.<br /> <br /> Upstairs, discover the primary suite with an upgraded bathroom, three generously sized secondary bedrooms, including one with a sprawling walk-in closet, and a full hall bathroom offering comfort and privacy for family and guests alike.<br /> <br /> Step outside to your own private retreat, complete with an oversized built-in pool surrounded by stacked stone planters and decking. Whether you're splashing in the water or soaking up the sun, this outdoor haven provides the perfect backdrop for outdoor entertaining.<br /> <br /> Located within walking distance of local schools and offering easy access to the 91 and 605 freeways, this home combines convenience with luxury living. Don't miss your chance to make memories that will last a lifetime in this entertainer's paradise!
MlsNumber:	OC24103114

Listing Provided By:	House of Seven Gables Real Estate Inc., original listing
Name:	House of Seven Gables Real Estate Inc.
Phone:	(714) 731-3777
Office Name:	Seven Gables Real Estate
Office Phone:	(714) 840-1031
Agent Name:	Archie Lappin
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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or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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