$1,300,000 - 1 Madrigal, San Clemente

Rising Interest Rates has become a problem for those looking to get a mortgage when buying a home in today's real estate market.  These higher rates were intended to slow down pries and inflation but the actual opposite as happened.  Due to low inventory, we have what they call shelter inflation which is reaction to the Federal government raising interest rates.  It's basically explained as the higher the interest rates go, less and less people who currently have a 3 or 4 percent mortgages on their home would not want to put their home on the market and buy another property at interest rates in the 6 to 7 percent range due to the higher costs involved.  So the higher interest rates have created a very limited number of homes coming on…

I have lived in San Clemente for several decades now and never get tired of the amazing views that can be seen all throughout San Clemente.  If you are new to the area or have never visited San Clemente then let me tell you a little bit about what kind of views you can expect.  Of course, many of the hillside homes have wonderful ocean views as well as Catalina Island on clear days.  One of the best views you can get in my option is the Dana Point Harbor Views which is the next beach town north of San Clemente.  There are only a few locations where you can get this kind of view and there a couple spots that are my favorite places. First, there is a small community called "Ocean Hills" in San Clemente.  These are split level…

San Clemente is an older beach town down that dates back to the 1920's when the homes were first built here.   Since many of the neighborhoods in San Clemente have been around for a long time you won't typically find any Mello Roos in these neighborhoods.  Mello Roos is a bond that is associated with brand new communities as a way of passing on the costs to the homeowners associated with building a new neighborhood.  Builders are always looking for ways to minimize the costs when building homes and creating a Mello Roos bond which typically goes for 25 to 30 years and is smart way for them to avoid the costs associated with building streets, sidewalks, etc in a new community.  Most buyers don't like this added extra cost when buying a…

San Clemente offers a wide variety of neighborhoods to choose from the downtown San Clemente area that was originally built staring in the 1920's to newer areas like Talega that started constructions approximately 20 years ago and has spanned over 40 different communities.  The one thing that all of these homes have in common is offering homes that are located on cul-de-sac streets.  When looking for a home most buyers have a bucket list of items that they want to have in their new home.  Location is typically at the top of the list when a client wants to live in a certain neighborhood or an area that is approximately that is a certain distance to the beach.  Many times buyers will also want to have a private location which a…

We always get excited when new listings come on the market in the San Clemente that offer a unique opportunity to find a home that is not necessarily the same as other homes that are on the market.  A perfect example of this is a new historic home that was built in 1929 and offers a unique position on a hilltop location.  San Clemente has a very limited number of historic homes from the 1920's and 1930's that still exist today.  The large majority of them are located near the downtown area with a few of them located on unique locations like 165 Calle Redondel.   The home is currently listed at $1,050,00 and has been on the market for 3 days ago and sure to see a lot of activity.  It features a total of 2 bedrooms with an…

The San Clemente Real Estate market in the last three to four months has been really crazy as buyers are bidding against each other when new listings that are priced well come on the market.  Many thought COVID would bring the real estate market down but it has actually had a reverse effect and the market has never been stronger.  One of the biggest issues is limited inventory which has been a problem for the last two to three years in San Clemente and has become even more limited due to COVID.  What many buyers are doing is looking for homes that are not on the market yet but will be coming on the market soon.  These listings that were once only limited to real estate agents are now available to the general public. One of the…

San Clemente has many different neighborhoods that can offer private backyards if you know where to look.  It seems like the latest trend in real estate is to build new homes close to each other which sometimes seems to come in the lieu of offering privacy between properties.  For the most part it's always best to look in older and more established neighborhoods as these were often built on larger lots.  This is especially true for some sections of the Forster Ranch and neighborhoods by the beach in San Clemente. The first place we recommend looking is the Forster Ranch of San Clemente.  While this area isn't the oldest community in San Clemente, homes in this area are well known for having large over-sized lots.  This is…

San Clemente has a large number of properties on the market for sale right now that are being marketed as fully furnished.  This is becoming a big trend in selling a home  How exactly does it work?  For starters, there are various degrees in which an owner can decide to sell a home.  We see some sellers offering select pieces of furniture to be included in the sale while others will offer completely everything including kitchen plates and silverware.  One of the first things you should do it make a quick estimate on how much the furniture would cost if you were to buy it.   It's important to also factor in the selling price of the home as well.  If the home is priced correctly and listed at a price point of where…

One of the benefits of living in the Southern California is the sunny weather we get to enjoy pretty much all year around, except for the June gloom that that occurs every year.  Many residents have used this benefit to aide in going green and using solar panels as an alternative to electricity.  The technology in this field has drastically changed over the years and as a result has become more affordable.  Many homes in San Clemente are installing solar panels on their roofs which has become a huge selling point when it comes time to sell.  Markeing a home with solar panels really does appeal to those who want to live a more green focused living and for those who are also cost conciecous who want to save money. There are…

When I first got into real estate over 20 years ago I always heard the word "turnkey" and had no idea what people were talking about.  It seems like its a favorite word among real estate agents for describing a home that is in excellent condition.  it wasn't later that it was explained to me that it literally meant turn the key in the door and leave without any concern about something falling apart or not working correctly.  Once I got this explanation it started to make sense but I still feel like it's a word that is over used by the real estate community. Nevertheless, it's a short way to describe a home that needs little to no work done on the home.  Basically, bring your touthbrush and move right in.  This is especially…

Real Estate agents have a special day when they get to preview brand new listings that come on the market in the San Clemente real estate market place.  This is called "broker preview" since real estate agents and brokers have the ability to view a large number of listings in a short four period.  Often times, agents will spend just a couple minutes looking at a property and then drive on to the next property.  This allows them to be able to see a large number of properties so they are better able to identify properties that may work for their clients. The dates for properties located in San Clemente, Dana Point and San Juan Capistrano is every Wednesday from 9:30am to 1:30pm. Buyers are also welcome to attend these open houses and…

Homes For Sale in San Clemente with Ocean Views is one of the most requested items when out of state home buyers come to San Clemente to buy a home.  Having an ocean view makes you connected with the ocean and the beach and makes you feel like you are living the California lifestyle.  Recent years have seen ocean view properties come down in price with many single family homes selling in the $500,000 with ocean views!  Where is the best place to look for an ocean view property?  Well that depends what kind of home you want.  Homes located by the beach will be more expensive do to it's location so the amount of ocean view you will have will be very limited unless you get closer to the beach and have a higher budget.  If you are looking to maximize your…

Sea Pointe Estates San Clemente Homes currently start at $500,000 which currently 5 homes for sale under the $1 Million dollar mark!  Where is Sea Pointe Estates?  The community is featured on the northeast side of San Clemente near the San Clemente Hospital and San Clemente Krikorian movie theaters just east of the 5 freeway.  The community is a 24 hour guard gated community with a collection of one and two story homes that range up to $2.5 million.  It was only a couple of years ago when finding a home in this neighborhood under $1 million was unheard of as many of the luxury homes you will find in San Clemente area are located in Sea Pointe Estates community.  Even with the drop in prices we have seen 7 homes selling over the $1 million dollar price…

Relocating can always be challenging when considering moving from your current home location.  Moving to an area that you are not familiar with can be scary and not understanding the nuances and price factors that contribute to the different areas can be challenging if you are not working with a skilled San Clemente Realtor.  A good San Clemente Real Estate agent can give you a brief rundown of the city and help you find the perfect San Clemente community for you.  There are so many great areas in the San Clemente area but local knowledge of factors that may effect home prices need to told to any prospective buyers.  These factors can include land shifting, freeway proximity and noise as well as residential and mixed use areas.  Also, make sure to ask…

If you are looking for tax shelters in today's economy many are turning away from the stock market and heading towards the real estate arena. With record low prices and rock bottom interest rates buying homes has never been cheaper. This is especially true for real estate investors that are buying homes with interest rates in the 4% range! This is something I thought I would never see happen. Buyers are now realizing that their monthly mortgage payment may be less then the amount of rent they can bring in on lower end properties. This can be achieved with putting as little as 20% down for homes under $300,000. We have several clients looking to buy multiple properties in this price range due to the affordability factor and monthly cash flow they will…

San Clemente Real Estate Agent Sam Smith has JUST SOLD and Closed Escrow on 618 Calle Campana, San Clemente, CA 92672 for $618,000.  618 Calle Campana was a four-plex located in the north side of San Clemente near the gated community of Sea Pointe Estates.  The four units had been owned by an individual who was unable to pay the monthly mortgage payments for this income property.  As a result, he tried loan modifications with no resolve.  He then turned to Sam Smith to short sale his San Clemente property.  The property was listed and multiple offers were received on the property.  Various stages of negotiations took place with the bank withe the final result of the short sale being approved.  If you are in…

It seems like more and more families are living together longer and the need for a guest house or extra room becomes an important part of your real estate home search.  If you enjoy the gentle climate of San Clemente and your budget allows then you will be pleased to learn of a newly listed large estate home on over a 1 acre parcel of land that includes 1,250 square foot guest house has come on the market in San Clemente, California for $2,700,000.  Finding a quality of home with plenty of land has become a lot harder today with many of the homes being built very close to each other.  If you are in the market to buy a luxury home here in San Clemente you should consider the Marblehead area for large custom homes.  Typically, properties…

Sea Pointe Estates in San Clemente is one of the best places to find grand ocean view homes in San Clemente, California.  A newly listed ocean view home has just come on the market for $1,875,000 and features panoramic ocean views in this guard gated community.  In recent years, home prices have come down for smaller scale luxury homes in Sea Pointe Estates.  Last year, we even saw many homes starting to sell under the $1 million dollar price point.  Current prices range from $500,000 to $2,900,000 with several of these homes being listed as short sales.  Even with these lower prices we are still seeing record prices in the upper end market in Sea Pointe Estates with several sales over the $2 million dollar price point.  If…