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Huntington Homes ~ Huntington Beach Real Estate Information

Surf City’s million-dollar repos: A quick sale

February 27th, 2009, 3:00 am · 3 Comments · posted by Marilyn Kalfus, real estate reporter

It sold in a jiffy.

This 4,250-square foot, Lake Park house, priced at $1,068,750, was on the market for about a week, the real estate agent says.

“We got most of the offers in the first two or three days,” says Realtor Gantry Wilson.

This 6-bedroom house is the third in our series of foreclosed homes in Huntington Beach currently on the market and priced at $1 million-plus. The house is in escrow but backup offers are being accepted.

[Update: The first house in this series, at 519 Crest Ave., has sold, too. It was on the market for less than two weeks.]

Now back to this one.

The house was underpriced, Wilson says; it could have been set closer to  $1,200,000- $1,300,000. But they got seven offers, with six of the potential buyers willing to put down a minimum downpayment of $500,000.

Two were all cash offers, he says, but those just weren’t high enough.

Redfin puts closest similar listings at $1,699,000 - $3,180,000.

CLICK on photos to enlarge:

Details:

  • Location: 1123 Main St.
  • 6 bedrooms, 5 baths
  • Year built: 1975 (later remodeled)
  • Dual master bedrooms
  • “Decadent” master bedroom with “never ending” walk-in closet
  • Oversized office
  • 3-car garage
  • Balcony

Here’s how it looks from the air, from Cyberhomes.com:

Related:

Read more:

  • O.C. neighborhoods with the best home deals
  • There’s a “lot” to think about here
  • Report: H.B. homes stock shrinking
  • H.B. market snapshot: 251 condos available; 8 close
  • Surf City condo sells for $2,000!
  • Lender: 2 blips don’t mean a trend
  • Real estate investors get a spanking
  • H.B. home sales make whopping gain
  • Open house preview (Feb. 21-22)
  • Turf near the surf for $449K?
  • Surf City’s $2.79 million short sale
  • Priciest Surf City home drops by $1.55 million
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    Posted in: DowntownForeclosuresOn the market
     
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     3 Comments

    • Mondodog says:

      Do you think this makes me happy… Still cannot afford a home in one of the most overpriced markets in america. The County was built by hard working single income families, who’s children live and rent in poverty making 75K a year.

    • YOUR RIGHT, I GUESS YOU’LL HAVE TO WORK TWO JOBS..

    • h b surfer says:

      GO LOOK IN VEGAS .its only 135 degrees thier. try a condo bro.live with in your means.