Huntington Beach Foreclosure
- Thread starter Maltese_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
Yes, it's a good friend of mine. I'm running the blog for him since he doesn't have much experience with that kind of thing. Great guy. It's shitty what Chase did to him and his family.
I used to walk through that neighborhood and look before I moved out of HB back to the EastSide.
At peak those babies were asking $1.4 to $1.9M. The last successful sale was 22361 Wallingford I think I posted about that hood where some couldn't get the price they wanted so they were going to rent out the 3/3 place for $3000 or $3500...
At $850K, it's probably 50% off the last foolish asking prices that were up in that neighborhood just after the market at turned. For example, 22291 Wallingford was bought for $1M in 2004 and as I recall was up for sale with no takers for a long time at $1.4M. 22372 Harwich sold in mid 2006 for $1.8M... I think it was 22382 Harwich that was the place for rent. It's a 3/2.5 (3/3) last sold for $1.2M in 2005.
Anybody want to handicap them for over/under date if the NODs file?
Um... 92649 is not that inland, in fact it includes the harbor. Like this place. Looks pretty close to the water to me...
http://i-0.rfimg.us/photo/46/bigphoto/603/L27603_2.jpg
you want to check 92466, ocean-side of Adams street, 92648 o-s of maybe yorktown, and 92649 closer to the sea
basically, anything within a mile of the sea is very nice.
92648 is mostly pre-1950s, and infill construction, while 46 and 49 are mostly 60s/70s with a few new communities scattered around
freedomCM_IHB
New member
it is interesting. i subscribed. do you know the author?
HB Bear Too_IHB
New member
freedomCM said:
Yes, it's a good friend of mine. I'm running the blog for him since he doesn't have much experience with that kind of thing. Great guy. It's shitty what Chase did to him and his family.
No_Such_Reality_IHB
New member
graphrix said:
I used to walk through that neighborhood and look before I moved out of HB back to the EastSide.
At peak those babies were asking $1.4 to $1.9M. The last successful sale was 22361 Wallingford I think I posted about that hood where some couldn't get the price they wanted so they were going to rent out the 3/3 place for $3000 or $3500...
At $850K, it's probably 50% off the last foolish asking prices that were up in that neighborhood just after the market at turned. For example, 22291 Wallingford was bought for $1M in 2004 and as I recall was up for sale with no takers for a long time at $1.4M. 22372 Harwich sold in mid 2006 for $1.8M... I think it was 22382 Harwich that was the place for rent. It's a 3/2.5 (3/3) last sold for $1.2M in 2005.
Anybody want to handicap them for over/under date if the NODs file?
Future Buyer_IHB
New member
Is anyone familiar with the Seabridge Community. A friend of mine just moved into a rental there and I love the area. I am a first time buyer so I wanted to know what you guys think of the community and where you think prices are heading. There are a couple of short sales/foreclosures. Also, I'm planning on buying towards the end of the year but I do not mind waiting.
usctrojanman29_IHB
New member
Yeah, I grew up near that area and I'm helping one of my good friends look for a place either in Seabridge or Seacliff. I think that pricing may come down a bit more. The surrounding area is mature yet very safe and you cant beat living so close to the beach.Future Buyer said:
Future Buyer_IHB
New member
Where is seacliff located. Do you happen to know the zip code so I can research some properties on Redfin. I just started looking into HB so If anyone has any other recommendations let me know.
usctrojanman29_IHB
New member
Best zip codes are 92646 and 92648. 92649 tends to be more inland and has more of the "not as nice" parts. You want to stay East of Beach Blvd. unless you are South Main/Ellis. I'm a realtor and can send you some listings and sale comps to peek at if you want. Seacliff is located North of Main St. off PCH in a gated golf course community.Future Buyer said:
graphrix_IHB
New member
usctrojanman29 said:
Um... 92649 is not that inland, in fact it includes the harbor. Like this place. Looks pretty close to the water to me...
http://i-0.rfimg.us/photo/46/bigphoto/603/L27603_2.jpg
Maltese_IHB
New member
If you need any info about Seabridge feel free to p.m. me. It is a great community, although the HOAs have gotten pretty hefty. But at least the HOA buys you 4 pools, 4 tennis courts, raquet ball, dog park, and a guard gate. If you are into those things then the premium may make sense for you. The good news is that prices have been on a crazy downhill spiral, and for the 2 bedroom condos (someone is either above or below you) the prices are back to 2003. Asking prices are all over the place, but recent solds have been 325K-375K. 2002 pricing will be around 275K, and I have a feeling that we will be getting close to that. You can land a one bed unit right now in the 300K range, although rental parity will be down closer to 250K. In 2002 a 1 bed was 220ish. The best units in Seabridge are the townhomes, which have 2 car garages and nobody above or below. The are larger units, 1450 or 1550 sq feet, with 2 beds + or - a den. There is a short sale pending on one without a den for 425K, which would be back to late 2002 pricing. On the other hand, there is a wishing price on a fixer 2 bed with den for 675K, which is peak pricing. The same unit rents for 2300 bucks. Finally, Seabridge Villas (formerly apartments and converted in 2004) is in front of Seabridge Lakes (the original seabridge). The Villas are crashing and burning, as they should. The first phase in 2004 saw 2 bed units going for 300K, and they are pretty much back to that point. They were overpriced at 300K back then, and I have no doubt that they will drop into the 2s.
freedomCM_IHB
New member
Future Buyer said:
you want to check 92466, ocean-side of Adams street, 92648 o-s of maybe yorktown, and 92649 closer to the sea
basically, anything within a mile of the sea is very nice.
92648 is mostly pre-1950s, and infill construction, while 46 and 49 are mostly 60s/70s with a few new communities scattered around
usctrojanman29_IHB
New member
That's why I said TENDS...it does include Huntington Harbour.graphrix said:
Future Buyer_IHB
New member
Thanks for the info guys. It would be awesome if I could pick up a 2bed condo in the 200's. I'll check both zip codes and definitely keep my eye on them. I've been on this site for the last two years and barely starting posting. I'm trying to stay under my budget of 320k since these places have hoa's which I don't mind paying especially if it keeps the community nice. I currently live in santa ana and cant wait to get out. I guess waiting is the hardest part.
Maltese_IHB
New member
http://www.redfin.com/CA/Huntington-Beach/8042-Goleta-Point-Dr-92646/unit-37/home/5886880
While we are chatting about HB, can anyone give their thoughts on this house? It is in a small gated community (Beachwalk) at the corner of Beach and Atlanta, and it is scheduled for auction in 2 weeks. 3 beds, 3 baths, and a loft area on the 3rd story. There are some decent upgrades in this home. It is listed as a short-sale. Anyone knowledge about this community, pros and cons, would be greatly appreciated.
Thanks,
Maltese
While we are chatting about HB, can anyone give their thoughts on this house? It is in a small gated community (Beachwalk) at the corner of Beach and Atlanta, and it is scheduled for auction in 2 weeks. 3 beds, 3 baths, and a loft area on the 3rd story. There are some decent upgrades in this home. It is listed as a short-sale. Anyone knowledge about this community, pros and cons, would be greatly appreciated.
Thanks,
Maltese
freedomCM_IHB
New member
I live a couple blocks from Goleta, and have a co-worker who lives in there. He says the noise from the traffic on Beach is pretty bad, especially the harleys.
He also has said that there are a lot of distressed 'owners' in there, so reos are coming
He also has said that there are a lot of distressed 'owners' in there, so reos are coming
Future Buyer_IHB
New member
Does anyone have any advice on how to get the best loan. I've been talking to a realtor and she suggested that I talk to a loan officer, who also happens to be her brother in law. I'm sure they charge for their services, my question is, is it worth the cost or is it something that I can do on my own. Any websites that may be helpful?
stepping_up_IHB
New member
Mortgage brokers don't charge you... they make their money if you do your loan through them. Agents typically have a favorit loan person they recommend, but your loan is totally up to you. Nation's Choice Mortgage seems to have some pretty competitive rates and we've found B of A's loans to be the most competitve twice already. A lot of people on here are fans of their credit unions.