2062 Upland, Rancho Palos Verdes, CA

…Here is a riddle:

Q: What does a failed Rancho Palos Verdes short sale look like?

A: The newly bank owned property pictured on the right!

I don’t know the details on this one. But since the owners were at least trying to short sell this sucker I’d put my money on an incompetent, out of touch – and bailed out by tax payer dollars – mortgage lender!

Watch for this listing to crop up in the coming weeks. It will be interesting to see what this home will fetch. It sold in 2007 (still the beginning of the housing crash) for $787,000. The house itself is decent – your typical junky ranch home we are so used to out here. But Upland is a horrible street, in my humble opinion, and this is of course ‘the bad’ side of the Palos Verdes Peninsula!

I would rate it a nice buy for an owner/occupant at $650,000.

Best regards,

Ryan Rockwood

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30203 Kingsridge Dr, Rancho Palos Verdes, CA

….is one of our area’s most recent foreclosures. This is a large and very nice home located on the East side of Rancho Palos Verdes (off Miraleste).

Recently this well kept home went up for foreclosure auction – but no takers at $1-million! No wonder, too. Today you can get on ‘the good’ side of the Palos Verdes Peninsula for that $$$.

Even now that almost $400,000 in liens have been removed this is still going to be a VERY short sale.

As of today, I put the market value of this home at about $750,000-$800,000. Ouch!

I have a nearby short sale listing in a similar price tier. It’s taken the bank 18-months to finally admit that home prices are in the toilet – and their ‘investment’ is nothing but a liability.

Thanks for reading,

Ryan Rockwood

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30934 Rue De La Pierre

Recorded on August 12, 2009 this home was purchased at Trustee Auction recently.

Details are sketchy but it appears the sale was for approx $1million and change. The new owner is listed simply as a Trust and the mailing address an escrow business in Signal Hill.

All that plus the consumer-style lockbox on the front door lead me to believe the property will soon be available for sale.

At $1million this is obviously a very good buy. But exactly how much this home can command is up to debate.

Homes on this street have sold in the past for about $1.3million, including a sale one year ago. But that home was on the other side of the street – the ‘good’ side. And these days 1-year ago is ancient history.

Recently I sold a home not 600 yards from this property. It was quite a property at 3000+ sqft. In many ways it was much more desireable than this property. But in regards to the ocean views very few homes will compare to the homes on Rue De La Pierre.

Best,

Ryan Rockwood

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Rancho Palos Verdes home lost to foreclosure auction today.

My longtime clients know that I am particularly interested and involved in the Palos Verdes Peninsula ‘foreclosure scene’.

Foremost, my mission is to help PV homeowners continueto be PV homeowners. So I hold seminars and private meetings and teleseminars – whatever I can to educate folks about their options.

Most people have far more options than they realize, of course.

I also find good deals for buyers.

Today a Palos Verdes dream dies

25 Rockinghorse, RPV was lost at foreclosure auction today. This home was last sold at the height of the market – Dec. 2005 for $1,125,000. The stats: 3/2 1700sqft interior, 27,000 sqft lot with a huge SP Harbor view.

Buyers: Expect to see this home on the market soon. Please email for additional pics and details. Now that the secondary liens have been eliminated the remaining lienholder has just $880,000 on the property. I believe this will be a very good buy at $950,000 while market value is probably closer to $1 million. Contact me immediately for more information.

-Ryan Rockwood

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4 beds, 1 full 1 part baths
Size: 1,991 sq ft
Lot Size: 7,194 sq ft
Added: 09/22/08, Last Updated: 06/13/09
Property Type: Single Family, Residential
MLS Number: S08136239
Community: Los Verdes
The price of this listing was last reduced on 6/12/2009 by 10%

HUGE $100,000 REDUCTION! By far the best value in the area. This 1,991 sq. ft. home with 4 bedrooms and 2 bathrooms is very bright and open, offering plenty of sunshine in all the bedrooms. In addition to the living room with a beautiful fireplace, there is a spacious bonus room, perfect for a home office or play room. Wood floors are found in all common areas. This one-level home has no step downs, perfect for senior assisted living or babies and is located on a completely flat 7,194 sq. ft. lot with a spacious, well maintained backyard. Also located walking distance to Vista Grande Elementary School.Listed with Kathryn Kim, Shorewood Realtors INC

5 beds, 1 full 2 part baths
Size: 2,468 sq ft
Lot Size: 9,490 sq ft
Added: 06/12/09, Last Updated: 06/14/09
Property Type: Single Family, Residential
MLS Number: V09064915
Community: Crest

A very special property. Outstanding condition and a great floor plan. Updated kitchen with granite counter tops, oak cabinets, hardwood floors and newer appliances. Beautifully remodeled bathrooms with travertine marble tiles. Inviting and warm living room with French pane bay window with window seat and French pane sliding doors. Formal dining room area. Spacious family room that opens to a wonderful backyard with a beautiful pool, spa and large flat grassy area. Large lot, 70 x 136, flat and usable. Newer fire retardant cement composite shake roof. Newer central air conditioning and force air heater. This property has been meticulously upgraded and maintained, reflecting a true pride of ownership. Enjoy resort like living along with the comforts of home.Listed with Alice Kuroda, RE/MAX Palos Verdes Realty

4 beds, 1 full 1 part baths
Size: 2,332 sq ft
Lot Size: 9,360 sq ft
Added: 06/08/09, Last Updated: 06/14/09
Property Type: Single Family, Residential
MLS Number: V09062801
Community: Los Verdes

This four bedroom two bath home has it all! Great curb appeal, panoramic ocean view, newly replastered pool, lush landscaping and a sports court (or dance floor). In addition there is a large deck and a covered patio for al fresco dining, entertaining or just relaxing and taking in the gorgeous view. The interior features recently refinished hardwood floors, fireplace with custom mantel in the living room and a formal dining room with French Doors opening to the upper deck. The kitchen has granite counters, double ovens, a farmhouse sink and gas cooktop with a breakfast bar for casual dining. The kitchen has an adjacent family room and eating area that opens up through French Doors to the deck. The Master Bedroom is on the main floor and has a remodeled bath with travertine, custom vanity and seamless shower doors. Downstairs is a media room, three additional bedrooms, laundry room & second bath. Decorator paint colors, custom shutters, crown moldings & a view from most rooms.Listed with Becky Gielow, Coldwell Banker P.V./South Bay

4 beds, 3 full 1 part baths
Size: 3,421 sq ft
Lot Size: 15,140 sq ft
Added: 06/08/09, Last Updated: 06/13/09
Property Type: Single Family, Residential
MLS Number: V09062752
Community: Country Club

Perfectly situated at the end of a cul-de-sac street, this home has it all – great floor plan, wonderful ocean view, lots of space, and huge flat yard! On the main level, it has a formal living room with fireplace, formal dining room, family room off the kitchen, Jack and Jill bedrooms, and master with walk-in closet and bath with tub and separate shower. It has sliders that lead to the magnificent yard and patio – making it perfect for entertaining a large crowd. The lower level has another bedroom and bath, laundry, storage plus large game room with fireplace. Enjoy the sunset views and the ideal location at the “Top of the Hill” making this home close to shopping, schools, recreation, parks and easy on and off the “Hill” access!Listed with GAYLE PROBST, Coldwell Banker P.V./South Bay

4 beds, 1 full 2 part baths
Size: 2,875 sq ft
Lot Size: 7,260 sq ft
Added: 04/11/09, Last Updated: 06/13/09
Property Type: Single Family, Residential
MLS Number: V09041688
Community: Country Club
The price of this listing was last reduced on 5/13/2009 by 4%

EXTENSIVELY REMODELED Traditional Home. Four bedroom, 3 bath, formal dining room and separate family room home with three car garage located near Hesse Park at the top of the PV Peninsula shows beautifully. Kitchen with granite counters & additional cabinets is a showplace. Master suite has been reconfigured to contain a walk-in closet & luxurious bath with travertine & marble; other two baths also completely updated. Hardwood floors, crown molding, built-in bookcases & entertainment center have been added. All windows & doors, baseboards,lighting & fireplace have been replaced. The patio off the family room has been enhanced with a lovely fireplace and built-in grill to extend the entertaining area.Listed with Jolaine Merrill, Coldwell Banker P.V./South Bay

3 beds, 2 baths
Size: 1,893 sq ft
Lot Size: 13,860 sq ft
Added: 03/31/09, Last Updated: 06/13/09
Property Type: Single Family, Residential
MLS Number: V09036979
Community: Silver Spur

What a wonderful find! Lots of curb appeal!! Walkable to award winning Silver Spur Elementary and Peninsula High School !! Totally updated– terrific kitchen and baths with granite counters , beautiful travertine floors in most rooms. Large terraced backyard with steps up to the top of the lot, with spa and swing set and very nice grassed area. The house boasts french doors ,large master bedroom, huge family room with projector home theater and speakers, and an open and airy flow. Easy to expand–area in garage has about 400 sq.ft. that could be added to the house. 2 1/2 car garage . Newly painted in happy colors, too. Your clients will love this house. Great price, too!Listed with Barbara Rosenberg, Coldwell Banker-PV/Bch. Cities