This Week in Coto de Caza - Real Estate Reality
Posted by Leslie Eskildsen on Sunday, September 12th, 2010 at 5:18pm.Only 4 REO Homes for Sale in Coto Today - All Priced Between $1 and $2 Million
This week the focus is on the four REO listings on the market in Coto today. This is the first time we've had this many REO listings in the $1 to $2 Million price range. If you've been following my monthly Coto Market Updates, you know about the three markets in Coto these days - under $1 Million, $1 - $2 Million, and everything over $2 Million. All four of these Bank Owned homes are in the $1 - $2 Million range. Check it out - these are incredible opportunities. All with something different to offer!
Southern Hills Encore - Golf Course Views
This video does a pretty good job of giving you the 411 on this 4 bedroom 5 bath 4300 sq ft home on the 12 hole of the Coto's South Course. This is a Plan D - with the round foyer with two-story ceiling. There is a down stairs bedroom with its own bath, in addition to a downstairs powder room. The Formal Dining Room has a built in sideboard with wine storage in addition to the butler's pantry separating the dinning room from the kitchen. Gourmet kitchen, for sure. Granite, stainless steele Kitchen Aid appliances including a built in fridge (can you call a Kitchen Aid a Sub Zero? Is Sub Zero the Kleenex of built in refrigerators?) Wine fridges in the kitchen and the upstairs bonus room. Built in wet bar in the upstairs bonus room. Dual desks and tons of library shelf space in the study hall. Wrap around front balcony and balcony off the master. No pool, but you could fit one in. No outdoor kitchen, but heck - remember the 80 - 20 rule?? This home is in really great shape - clean, lots of storage, and OMG - did you see how big the pantry is? Asking $1.1M. That's $256 a sq ft. Quite a deal in Coto these days.
Rancho Colinas Custom Mansion - Complete with Mold
This video tour shows the potential this luxury estate offers. This is the epitome of the phrase "it's got good bones." Literally. You can see the bones in this house - where the dry wall and ceilings have been removed. Roof leak? Ground water intrusion? Drainage issue? Toxic mold? The cause(s) of the issues officially unknown. But I know somebody who knows somebody who might have a clue about what's going on and how to fix it. Bring your offer and your plumber, roofer, mold inspector, mold remediator, general contractor, geological engineer, pool expert, architect, and interior designer. The possibilities are endless. As with all REOs, no disclosures will be give to the buyer. The home is sold "as is." A quick call to the bank's preferred lender cleared up some of the financing challenges. All cash would be the best bet on this one. Oh, and I should mention. All persons wishing to access the house must sign a toxic mold disclosure and release of liability PRIOR to entering the home. I'm wearing a mask next time I go. I'll bring one for you, too. Offered at $1.002 Million. Yeah. No typo. $1,002,660 yp be precise. That's $166 per sq ft. Fire sale. Or in this case, Water Park sale.
Private Collection - Rarely Available Colonial Beauty
This Stonefield Private Collection home is one of 24 in this tract - they don't come on the market very often. 5 bedrooms, 6 baths, bonus room, office, massive kitchen, pool, spa, outdoor kitchen and fireplace - all red brick trimmed and in great shape. Four car garage that you really could use to park four cars. Not a teaser, pint-sized garage. Listed at just over $1.6 M. Call it $298 per sq ft. You in? Take the video tour and let me know!!!
San Marnio - Stunning Opportunity
This is a really cool home - especially if you like the flow of the San Marino model 2 with 5 bedrooms and 6 baths in about 6000 sq ft. Game room, media room, bonus room, master retreat. Massive gourmet kitchen with all the bells and whistles. The back yard is an oasis (really) just needs some replacement appliances plopped into the fully coverd outdoor kitchen and voila - off you go to great entertaining!
As you can see, there are some great REO homes for sale in Coto de Caza today - a couple of rare gems with just minor tweaks needed to bring them back to their former luxury and glory. And a real heck of a project for a home buyer with some vision. And some cash. Call me if you want to come take a look! Leslie 949-678-3373
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[...]escrow this week under $1 Million, 3 between $1 and $2 Million and one over $2 Million. Two REO homes went under contract this week – here’s are the two REO homes that sold this[...]
Posted on Monday, September 20th, 2010 at 5:30 PM.