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Old 02-04-2012, 12:03 AM
 
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Impossible or ?

Main reason I ask is alot of things I see in Redfin and the like seem to be short sales, those that fit into that price range I mean.
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Old 02-04-2012, 01:19 AM
 
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I don't think that's possible in a decent neighborhood. You'll probably need to increase those numbers by at least 100k.

Last edited by Lallo; 02-04-2012 at 01:28 AM..
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Old 02-04-2012, 02:13 AM
 
Location: Denver
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Impossible, sorry.
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Old 02-04-2012, 09:55 AM
 
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Quote:
Originally Posted by RandomCodeMonkey View Post
Impossible or ?

Main reason I ask is alot of things I see in Redfin and the like seem to be short sales, those that fit into that price range I mean.
If you don't mind really small, and you don't have a bunch of kids, there are some 1 and 2 bedroom condos called Pheasant Creek in Lake Forest near El Toro and Santa Margarita Parkway. The complex is across Saddleback Church, close to shopping and the the 241 tollroad.
Probably the least inexpensive area that isn't "icky" in my opinion, (although this is coming from one of the "poor" folks on this forum).
My husband and I are considering this area ourselves since we're looking to buy, and it will be an option we want to go really cheap and pay it off early.
I've walked around the complex during the day and the evening, and it's pretty quiet on the whole. However, I was told that on the street side it can get noisy due to motorcycles going up to Cooks Corner, (a local fave for motorcycle clubs apparently) It's also pleasant with ducks and waterfalls, and the residents I've spoken to seem to like it there.
They are not FHA approved, but a 5% will do if you're looking for a starter home. Seems even with a small down payment, they are comparable or cheaper than rent around here.

Good luck!
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Old 02-04-2012, 10:01 AM
 
Location: Huntington Beach, CA
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You can find them, if you are interested in purchasing a unit on leased land.
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Old 02-04-2012, 10:37 AM
 
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Originally Posted by Podo944 View Post
If you don't mind really small, and you don't have a bunch of kids, there are some 1 and 2 bedroom condos called Pheasant Creek in Lake Forest near El Toro and Santa Margarita Parkway. The complex is across Saddleback Church, close to shopping and the the 241 tollroad.
...
Thanks for your help. ^_^ And ya, part of the reason for my price range is I'm single so I only have an average middle class income to work with.
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Old 02-04-2012, 07:51 PM
 
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Originally Posted by Podo944 View Post
However, I was told that on the street side it can get noisy due to motorcycles going up to Cooks Corner, (a local fave for motorcycle clubs apparently)
You might want to listen to them. Masses of Harleys going up the hill tend to make a lot of noise.

Cook's Corner is more than just a local fave. It's an Orange County institution.
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Old 02-04-2012, 07:54 PM
 
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Originally Posted by Lallo View Post
I don't think that's possible in a decent neighborhood. You'll probably need to increase those numbers by at least 100k.
I was thinking the same thing.

Great thread, though. I'd be interested to learn if you're able to find something. Keep us posted, and good luck! Hunting for a home is half the fun (decorating, of course, is the other half ).
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Old 02-04-2012, 10:43 PM
 
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Originally Posted by dclamb3 View Post
I was thinking the same thing.

Great thread, though. I'd be interested to learn if you're able to find something. Keep us posted, and good luck! Hunting for a home is half the fun (decorating, of course, is the other half ).
I will. But I am seeing places like: 1512 SPRUCE St Unit D, Placentia, CA 92870 | MLS# P800127 which sold. Which probably will keep me from abandoning all hope for awhile. Yes, its $18k higher than the range I am aiming for but I can probably squeeze another 20k higher, if I absolutely have to. I'm just hoping for less. I'll post how close to my goal I get, if I buy. Then again, I may retreat to Corona or something.
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Old 02-04-2012, 10:53 PM
 
Location: RSM
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Yes, it's possible, but keep in mind the HOA fees are ridiculous in general. There are some in Rossmoor(Seal Beach address) that go in the 175-215k price range currently, but it's misleading because they have a $350/mo HOA fee.

Lake Forest would probably be a good first bet. Older condos are available there. You may want to look in places like La Palma and better parts of Buena Park and Garden Grove as well. Typically busier areas, but generally safe.

I know there is a condo complex on the OC border(literally) called Lakewood Shores that has condos in your range and it's safe and secluded, though it borders close to a very busy and not so great area. The backside of the complex is bordered by million dollar horse properties
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