Lake Forest Open Houses

Grand Opening Open House- Sat., March 23, 12-5pm …………………Outback Steakhouse Luncheon at noon

$599,900-$625,000. Expansive 5-BED, 3-BATH home w/ Dual Master Suites is a part of Lake Forest’s highly desirable Beach & Tennis Club (down the street off Ridge Route). Located on a private culdesac street, this home is surrounded by greenbelts & has a rural, country feel. Upper master suite has large living/office/ sun room while Lower master has living area/retreat & adjacent bathroom – perfect for extended family living. Stained glass double door entry has hardwood flooring & step-down living room w/ soaring wood cathedral ceilings, fireplace & plush carpeting. Recent upgrades include newer roof, skylights, HVAC system, scraped ceilings, paint, baseboards, TV/Ethernet outlets. Kitchen, family room & lower master suite open to private backyard with newer covered patio & fire pit. Low taxes & no mello roos.

Beach & Tennis Club membership includes 2 swimming pools, swimming lagoon, wading pool, indoor spa, lighted 6 tennis courts, tennis pro, outdoor volleyball & basketball courts, fitness center (with Star Track Pro recumbent and Treadmills & elliptical machines), a billiards room and lake view lounge with bar and large screen TV. They also offer a preschool program on-site. This community is also surrounded by forests where you’ll find seasonal creeks & shady walking trails. Seller bought another. . If you do NOT have a Realtor you have committed to and want the best chance of getting your offer accepted, call lender, Tom Testerman at (949) 422-4497 on Friday to start working on your preapproval… then bring your financial paperwork to the open house to meet him in person. An offer will be accepted from one buyer who visits the open house on Saturday. Will it be you?

To see the amazing floor plan, click here: JeronimoFloorPlan003

Video Tour: http://www.youtube.com/watch?v=xi_7X1s1gdc

 

ZERO LEFT IN LAKE FOREST on the MLS!…., but I have 2 Standard Sale “Pocket Listings” in the mid 200K’s.

Would you believe that there are ZERO 1001+ sq. ft. 2-bed, 2-bath homes with a garage in the entire city of Lake Forest that are Standard Sales?  That is right.  When they come on the market, they fly off!   Did you also know that rents are going up, up up?  That is right as well.   Let me tell you about 2 upcoming listings that I know about.  Both are tenant occupied and the tenants would like to stay, if you want them to:

1) Lower level approx 1050 sq. ft. 2-bed, 2-bath Tierra Vista property with dual master suites at opposite ends of the condo.  It has a wide yard with french door access  from bedrooms.  New appliances, pottery barn-looking dining room/kitchen fixtures and faucets.  2-tone decorator paint. One year old Karastan carpets in the bedrooms and ceramic tile in the common areas.  Laundry room and direct access garage and one assigned parking space.  The tenant pays $1700/month and is on a month to month and would like to stay.  Some of these same units across the street were kept as apartments, not condos and they rent for $1900 to 2,200+/month. Low dues of $262/mo with no mello roos.  Rents are VERY strong right now so it is very hard for buyers to find a place.  Good time to be a landlord.  The tenant has expressed interest in buying it because the love their home so much.  They cannot qualify and would have to get family members to buy it.  Price is $265-275K.  Investor 25% down total payment would be in the $1500’s/mo while 5% down buyers can buy it for “same as rent”

2)  Serrano Woods 2-bedroom, 1242 sq.ft. townhome that has 1-1/2 baths. The couple would like to sell their own home and rent it back.  They hope some time in the next few years to move out of state if they gets jobs in their new area.  They have lived there many years and have upgraded the home.  Kitchen and bath remodels, composite (granite type) counters and center island. Ceramic tile in kitchen and baths.  There is a small back yard that connects to their direct access garage.  This home comes with the Sun & Sail Club across the street  with HOA dues in the 280’s/month.  (Youtube ‘Jenean Hill 4’ to see more about living in lake forest). You can go on a sunset cruise on your own kayak if you lived here or if you are the landlord and did not convey the membership.  Market rent is about $1700-$1800 which they would be able to pay to stay in their own home.  Price would be about $250,000. Investor 25% down would probably be a total cost somewhere in the $1400’s/month.  5% down buyers can buy it for “same as rent”.  (Photo is that of a model match that I sold last year for $275K)

 The first one will go quickest as I am starting to tell people about it.  Please call ASAP if you are interested in buying these NON-distressed properties that you can close escrow on and enjoy all year long.

SOLD: 150+ Open House Visitors at Latest Grand Opening

Just over a week ago,  I opened up my brand new listing in Laguna Hills to the public with my traditional GRAND OPENING open house.  That same weekend marketing exploded with photo ads in the Orange County Register, Irvine World News, Los Angeles Times, an O.C. Register press release, neighborhood papers, on all of the real estate websites, an invitation sent to every neighbor, facebook, blog posting, a newsletter to 2200 residents and an email blast.

Lunch was set out, the lending station was set up and within a few hours, we had over 150 visitors that yielded 1/2 dozen immediate offers.  Visiting neighbors said they have never seen anything like this (I have never done one on their street before) and buyers told me that when they go to sell their home, they want me to do this for them.  This was even before they knew how high the price of the home would go.  ‘At the end of the day’, the home that was originally priced at $599,900  sold for $655,500.    That is over 9% over asking price.

Now 9% over asking price wouldn’t be very impressive if the home sold for less than other homes in the neighborhood, right?  Let me tell you about the last three 5-bedroom homes that sold in this neighborhood.  They came on the market at an average price of $685,000.  The average closed sales price after being on the market a half a year was $575,000.  These homes sold for 84% of asking price.

My listing came on the market at $25,000 OVER the the average sales price of $575,000 and then sold for 9% over that price which was also 14% over the comp averages.    This does not happen on accident.  The sellers selected me to be their agent after being recommended by a friend who knew my tract record of raising neighborhood values one home at a time and upon viewing videos of my other Grand Openings that yielded between 155 and 300 visitors.  You can click on the Youtube video to the right to see the results of my marketing system along with my client’s home preparation and staging.

Although my listings always sell in about 7 days, there are weeks of behind the scenes efforts that go into each Grand Opening.  As a result, I can usually market only about 6 homes per year in this fashion.  If you would like to be the next, just give me a call!

P.S.  If you would like to see all 25 photos, click below:

http://www.realtor.com/realestateandhomes-detail/24622-Cresta-Ct_Laguna-Hills_CA_92653_M24797-31318?cpPreview=true