A little note on this property. In 1992, it sold for $200, but house has been vastly enlarged and then remodeled. The agents that reviewed this property both stated it looks nearly new.
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Proprietary OC Beach Housing News home purchase analysis 
34450 VIA VERDE Dana Point, CA 92624
$696,000 …….. Asking Price
$200,000 ………. Purchase Price
6/4/1992 ………. Purchase Date
$496,000 ………. Gross Gain (Loss)
($16,000) ………… Commissions and Costs at 8%
============================================
$480,000 ………. Net Gain (Loss)
============================================
248.0% ………. Gross Percent Change
240.0% ………. Net Percent Change
6.4% ………… Annual Appreciation
Cost of Home Ownership
——————————————————————————
$696,000 …….. Asking Price
$139,200 ………… 20% Down Conventional
3.88% …………. Mortgage Interest Rate
30 ……………… Number of Years
$556,800 …….. Mortgage
$131,500 ………. Income Requirement
$2,620 ………… Monthly Mortgage Payment
$603 ………… Property Tax at 1.04%
$0 ………… Mello Roos & Special Taxes
$174 ………… Homeowners Insurance at 0.3%
$0 ………… Private Mortgage Insurance
………… Homeowners Association Fees
============================================
$3,397 ………. Monthly Cash Outlays
($421) ………. Tax Savings
($820) ………. Equity Hidden in Payment
$184 ………….. Lost Income to Down Payment
$194 ………….. Maintenance and Replacement Reserves
============================================
$2,535 ………. Monthly Cost of Ownership
Cash Acquisition Demands
——————————————————————————
$8,460 ………… Furnishing and Move In at 1% + $1,500
$8,460 ………… Closing Costs at 1% + $1,500
$5,568 ………… Interest Points
$139,200 ………… Down Payment
============================================
$161,688 ………. Total Cash Costs
$38,800 ………. Emergency Cash Reserves
============================================
$200,488 ………. Total Savings Needed
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This property is available for sale via the MLS.
Please contact Shevy Akason, #01836707
949.769.1599……
sales@ochousingnews.com…..
We're sorry, but it seems that we're having some problems loading MLS # S688197 from our database. Please check back soon.
Competing Listings
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$2,500,000 34575 CAMINO CAPISTRANO |
0.19 miles 3 bd / 3 ba 2,404 Sq. Ft. |
|
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$724,999 34721 CAMINO CAPISTRANO |
0.43 miles 3 bd / 2.25 ba 2,381 Sq. Ft. |
|
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$595,000 34651 CALLE ROSITA |
0.64 miles 4 bd / 2 ba 2,600 Sq. Ft. |
|
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$850,000 33861 CALLE BORREGO |
0.91 miles 3 bd / 2.5 ba 2,268 Sq. Ft. |
|
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$3,800,000 35221 BEACH Rd |
1.1 miles 4 bd / 1.75 ba 2,221 Sq. Ft. |
|
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$745,000 34072 COPPER LANTERN St |
1.2 miles 4 bd / 3 ba 2,100 Sq. Ft. |
|
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$3,999,900 35295 BEACH Rd |
1.2 miles 5 bd / 3 ba 2,268 Sq. Ft. |
|
 |
$749,000 33692 PEQUITO Dr |
1.2 miles 4 bd / 3 ba 2,568 Sq. Ft. |
|
 |
$515,000 25372 BOWSPRIT Dr |
1.26 miles 4 bd / 2.5 ba 2,003 Sq. Ft. |
|
 |
$949,000 24662 South SANTA CLARA Ave |
1.48 miles 4 bd / 3 ba 2,662 Sq. Ft |
For more news, market analysis and property profiles, please see the OC Housing News.
The recent decline in inventory may be due to an increase in short sales. Banks are approving these sales to clear delinquencies from their books.
California Short Sales Reach Highest Level in 3 Years
Pending homes sales in California were higher for January compared to the previous month and year, and short sales rose to the highest level in three years, according to the California Association of Realtors (C.A.R.).
Based on signed contracts, C.A.R.‘s Pending Home Sales Index (PHSI) climbed from a revised 91 in December to 102.4 in
January and was also up from last year when the PHSI was 93.1 in January 2011. Pending home sales are indicators of future home sale activities, providing information on where the market might be heading.
Of all distressed properties sold in California, 23.8 percent were short sales, the highest level in three years since C.A.R. has kept record. Previous month’s data was at 22.2 percent and also 22.2 percent a year ago.
The share of REO sales were higher in January as well at 25.9 percent compared to the previous month of December, which stood at 24.6 percent. A year ago the numbers were higher at 30.8 percent.
Overall, the share of distressed property types that sold went up to 50.1 percent in January, an increase from 47.3 percent in the previous month, but a decrease from 53.5 percent a year ago in January 2011.
Non-distressed sales made up 49.9 percent of home sales in January, a decrease from the previous month, which stood at 52.7, but up from 46.5 percent last year.