Home for Sale at 376 Medea Creek Lane, Oak Park, CA 91377

376 Medea Creek Lane
Oak Park, CA 91377

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Property Details

List Price:	$1,280,000
Beds:	4
Baths:	3
Status:	Pending
SqFt:	2698
Agency:	Rodeo Realty

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1988
Notes:	Welcome to Your Dream Home in Rolling Hills Estates, Oak Park. Nestled in a peaceful cul-de-sac within the coveted Rolling Hills Estates of Oak Park, this charming 4-bedroom (with a convenient downstairs bedroom), 3-bathroom pool home is the perfect blend of comfort and lifestyle you've been waiting for.Eco-Friendly Elegance Awaits-Your arrival is greeted by a lush, evergreen front yard, made effortless with artificial turf - no mowing, watering, or fertilizing needed. The drought-tolerant landscaping framing the yard offers a pleasing welcome every time you return home.Modern Conveniences Included -The 2-car garage comes equipped with a 220-volt plug, perfect for charging your electric vehicle. An Interior of Warmth and Style - Step inside to discover an inviting atmosphere accentuated by an open floor plan that effortlessly connects the living spaces. The main-floor bedroom is a study in convenience and accessibility, while the additional bedrooms upstairs offer privacy, high ceilings and plenty of space.A Primary Suite That Inspires Relaxation -The primary suite is a lavish retreat featuring high ceilings, a private porch ideal for tranquil morning coffees or starlit evenings, and not one, but two closets. The ensuite bathroom has dual sinks, a soaker tub, and a separate shower, complemented by a side-by-side mirrored closet.Comfort in Every Corner - Each bedroom is outfitted with a ceiling fan, ensuring comfort and enhancing the home's energy efficiency. One of the upstairs bedroom offers the unique feature of direct access to the hall bathroom.No maintenance backyard with a raised flower bed, outdoor built-in BBQ, and a gated sparkling pool that beckons you to indulge in endless summer days.A Community Like No Other - Oak Park, with its quaint charm and close-knit community, is the perfect backdrop for this idyllic home. Oak Park is a treasure trove of outdoor activities. From walking and hiking trails offering majestic views to relaxing beach days within a short drive, it's a place where nature's embrace is always within reach.Educational Excellence - Situated in the renowned Oak Park school district and conveniently close to the local high school.Embrace the joy of living in a community where life's pleasures are abundant and the whispers of the ocean are never too far away.Nearby hiking trails include: China Flat Trailhead - This trail offers a moderate hike and leads to Simi Peak. It's a great spot for panoramic views and wildflowers during the right season.Cheeseboro and Palo Comado Canyons - These canyons offer over 4,000 acres of natural reserve with trails suitable for hikers, equestrians, and mountain bikers. Popular trails here include the Cheeseboro Canyon Trail and the Palo Comado Canyon Trail.Oak Canyon Community Park - While not a hiking trail, this park has lovely walking paths and is a great spot for a leisurely stroll or a family picnic.Wistful Vista Trail - This trail is known for its scenic vistas and is a pleasant hike in the area.Victory Trailhead - Provides access to many trails in the Santa Monica Mountains, including easy to challenging hikes.Medea Creek Trail - A flat trail perfect for a casual walk, jogging.Sunrise Meadow Trail - This is a relatively easy trail that's good for all skill levels and offers the chance to see wildlife.Albertson Fire Road - Offers a more challenging hike with rewarding views at the top.King James Court Trailhead - Another entry point for local trails offering good hikes and views.Lindero Canyon Trailhead - This trail takes you through varied landscapes, and it's a good spot for bird watching
MlsNumber:	223004481

Listing Provided By:	Rodeo Realty, original listing
Name:	Rodeo Realty
Phone:	(310) 471-2600
Office Name:	Rodeo Realty
Office Phone:	(805) 494-0449
Agent Name:	Deborah Lucas
Disclaimer:	Copyright Â© 2024 Conejo Simi Moorpark Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing