I was out on Brokers today and here’s a listing that I liked a lot. 3635 Michelle Drive in Torrance. It’s listed at $849,000 by RE/MAX Estate Properties. It’s in a good location on a lovely street. It has a really nice, homey feel. It has some nice updates but there’s room for more – which always means more equity! This one is worth checking out.
The Obama administration has extended the Making Home Affordable Program until December 2015 in an effort to still help homeowners who are in danger of losing their homes to foreclosure. This also includes the Home Affordable Modification Program (HAMP) and Home Affordable Foreclosures Alternative program (HAFA). The former handles loan mods and the latter is for short sales.
In the South Bay, we have seen far less REOs and short sales this year. However, there are still a number of homes in pre-foreclosure. Here are some current stats as of July 20, 2013:
Redondo Beach: 34 homes in pre-foreclosure, 30 homes are bank owned
Manhattan Beach: 7 homes in pre-foreclosure, 7 homes are bank owned
Hermosa Beach: 14 homes in pre-foreclosure, 8 homes are bank owned
Torrance: 24 homes in pre-foreclosure, 30 homes are bank owned
I saw a really cute 4 bedroom in central Torrance today (Are 126) during Brokers’ Open. It’s 1208 Fonthill Avenue. What I like about it is this typical floor plan has been nicely updated and given a fresh look. The kitchen is well done and opens to a dining area off the living room. And there is a large master suite in the upstairs addition. It has 4 bedrooms and 2.5 baths with 2,342 sq. feet. It’s priced at $818,000. This is definitely one to check out!
I previewed 19915 Redbeam Ave in Torrance today. (Brokered by Shorewood). Great location. House needs updating. The kitchen appliances all seem original. The house still has that seventies feel. But the benfits are a nice backyard with generous patio space, a veryu open floor plan downstairs, the master bedroom gets a lot of light and there is a main floor bedroom. If you’re in the market for a home in West Torrance in a great neighborhood, this could be it!