San Diego Foreclosure Friday - Volume 15

I know, it's hard to believe, but I AM BACK WITH ANOTHER SAN DIEGO FORECLOSURE FRIDAY!!! It's been since July since my last post, so we've got a bit of catching up to do.

In this first San Diego Foreclosure Friday post back I'll be updating you on previous properties that were available and have since closed. Once again, you'll be able to see what the property previously sold for, what it was currently listed for, and what it has now sold for. So without further adieu..

SOLD $570,000 (9/9/2009)

LISTED AT $599,000

PREVIOUSLY SOLD $918,000 (10/1/2007)

Baseball anyone? This 2 bedroom, 2 bath, 1118 square foot condo is currently available in the Legend, downtown San Diego's only luxury high-rise located directly within Petco Park, the home of the San Diego Padres! This unit is on the 16th floor and enjoys amazing southwest views into Petco Park and the bay. Comes with granite counters and stainless steel appliances in the kitchen, travertine tile in both bathrooms, and two parking spaces.

SOLD $1,500,000 (10/28/2009)

LISTED AT $1,650,000

PREVIOUSLY SOLD $2,530,000 (11/03/2005)

This expansive Mediterranean Mission Hills foreclosure property is priced almost $1,000,000 below it's most recent 2005 sale! You won't find many Mission Hills foreclosures like this one! At almost 4,600 square feet, with 5 bedrooms and 5 1/2 baths, a wine cellar, media room, enormous gourmet kitchen, infinity pool, and panoramic views all the way from Coronado to La Jolla, what more could you ask for in a foreclosure? Well, how about being just a 5 minute car ride to both downtown San Diego and the airport, and about a 5 minute walk to all the great Mexican restaurants in Old Town?

SOLD $750,000 (8/3/2009)

LISTED AT $699,800

PREVIOUSLY SOLD $1,2000,000 (2/6/2007)

Great location in north Mission Hills! This foreclosure property is listed for about half of what it sold for just over 2 years ago! This 1920s Spanish, with wood floors, and period details throughout, comes with 2 bedrooms, 1 1/2 baths, and almost 1600 square feet.

SOLD Cash $769,000 (6/19/2009)

LISTED AT $759,900

PREVIOUSLY SOLD $1,090,000 (7/5/2006)

Live the luxurious La Jolla beach life in this condo just one block to the water in Bird Rock! This unit in the Seahaus development was built in 2005 and comes with 2 bedrooms, 2 baths, and 1827 square feet. This is a ground floor unit that overlooks the pool and has peak ocean views from the kitchen, dining room, and living room, and all of these rooms come with gorgeous wide-plank hardwood floors.

SOLD $419,000 (8/06/2009)

LISTED AT $392,900

PREVIOUSLY SOLD $620,000 (10/31/2003)

We head back downtown to the ballpark/ East Village neighborhood to finish of this edition of San Diego Foreclosure Friday. If you love baseball, this condo is for you as it is sits right in front of Petco Park, the home of the San Diego Padres. This huge 1674 square foot loft space at the Parklofts comes with exposed concrete ceiling and walls, hardwood floors, granite countertops, and Pella windows with between-the-glass blinds. This unit has two bathrooms and could be converted to a two bedroom if you wanted more of a traditional floor plan.

SOLD $450,000 (7/22/2009)

LISTED $394,250

PREVIOUSLY SOLD $575,000 (10/12/2006)

Adorable California Craftsman in the South Park neighborhood of San Diego. 3 bedrooms, 2 baths, and 1469 square feet with a helper unit over the garage. This home has been updated with porcelain counters, travertine tile, and marble bathrooms, but keeps it's craftsman charm with refinished hardwood floors and wood framed doors and windows.

If you would like more info on any of these listings, other foreclosure properties throughout the San Diego area, or general information about buying foreclosure properties, please check out my website page on buying San Diego foreclosures. You can easily contact me from the form on the bottom of that page, or via email at Michael@NeelyBarrow.com.

You can also check out my website for more info on our San Diego real estate services and to search all the homes for sale in San Diego.

Be sure to check back in again next Friday for another San Diego Foreclosure Friday!

First-Time Home Buyer Tax Credit Extended and Expanded to Include Move Up Buyers

I have been a bad blogger and haven't posted for quite a while (I think since July!). But, I'm back with some great news for not only first time buyers, but for move up buyers as well. Both the Senate and the U.S. House of Representatives have voted to extend the first-time home buyer tax credit, and have expanded the credit to include existing homeowners as well. Now the final step will be for President Obama to sign the legislation, which he is expected to do shortly. (**Update - 11/6/09 - President Obama signed the bill today.**)

With this move, the federal tax credit will be extended through April 30, 2010, with a 60-day extension if a binding contract to purchase a home is in place prior to the deadline. First-time home buyers will continue to be eligible for a tax credit of up to $8,000, while existing homeowners will be eligible for a reduced credit of up to $6,500. To qualify for the $6,500 credit, existing homeowners must have lived in their current residences for at least five years. The bill also increases the qualifying income limits from $75,000 for single tax filers and $150,000 for joint filers to $125,000 and $225,000, respectively. The purchase price of the home is capped at $800,000 in both instances. With the extension and expansion of this credit, taxpayers can claim the credit on purchases completed in 2010 on their 2009 income tax returns.

The National Association of Realtors estimates that nationwide, more than 1.4 million first-time home buyers were given the opportunity to become homeowners as a result of the original first-time home buyer tax credit. With the extension and expansion of the credit these numbers are expected to dramatically increase.

For more info on how the credit works, check out my previous post on the Economic Stimulus and the First-time Home Buyer Tax Credit.