Home for Sale at 862 Summit Drive, Laguna Beach, CA 92651

862 Summit Drive
Laguna Beach, CA 92651

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Property Details

List Price:	$2,299,000
Beds:	4
Baths:	3
Status:	Active
SqFt:	2280
Agency:	Surterre Properties

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Description/Comments

Lot Size:	4,800 sqft
Property Type:	Residential
Year Built:	1962
Notes:	Welcome home to the perfect blend of location, lifestyle, views and privacy! 862 Summit Drive allows ease of proximity to the beach, while also feeling tucked away in your own private haven. Surrounded by lush trees and landscape, this street to street lot is a unique find! Green views are enhanced by views of the blue water ocean, Catalina Island and seasonal vibrant sunsets. An entertainer's home indoors and out, with a large great room that will accommodate memorable gatherings large or small. High vaulted ceiling with wood detail, gas burning fireplace, skylight and large picture windows. Several sets of French doors lead to the wrap around deck, featuring a built-in barbecue, private spa and two alfresco dining areas. A granite kitchen with long countertop assures ample preparation space, complete with double stainless sink and stainless steel appliances. A breakfast nook for early coffee and a den retreat for restful evenings are conveniently off the kitchen with ocean view. Featuring a primary suite on the upper level main floor with built-in closet organizers plus double door closet with storage room access. The suite has a wonderful ocean cross breeze, en suite remodeled bath and access to deck. Three additional bedrooms on the lower level, including one with en suite shower/tub bathroom and one currently used as office. Laundry room with additional shower and prep sink are additional conveniences. In addition to the home's square footage is a separate access, bonus room with flexible possibilities as an art studio, office, exercise or ADU space, subject to city. Covered carport and lengthy driveway allow for multiple vehicles. Just minutes to Bluebird Park with tot lots, grassy fields, summer concerts in the park. Some of the best beaches in town are blocks down off the Woods Cove & Village areas. Nearby trolley stops, convenient Laguna local shuttle,
MlsNumber:	LG24003423

Listing Provided By:	Surterre Properties, original listing
Name:	Surterre Properties
Phone:	(949) 717-7100
Office Name:	Surterre Properties
Office Phone:	(949) 464-3200
Agent Name:	Amanda Horton
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.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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