Foothill Ranch Blog

June 10, 2009

Tuscany Foothill Ranch foreclosure report

Filed under: Properties on the market — remaxfred @ 12:58 am

Golfer’s Delight

(This property is no longer on the market.) Fred visited this condo on 6/9/09. This foreclosure is in an interior location overlooking a putting green. The condition was good and the unit was clean. It could use some carpet and paint but it could work as a rental as is. Another unit with the same floor plan is on the rental market for $1499 a month. Assuming that an investor could get $1500 a month this unit will cash flow for approximately 30% down. I spoke to the listing agent about the garage and he is still awaiting the title report to see if it comes with a garage. If it does come with a garage it is a very good deal. This is currently the only foreclosure in Tuscany. The rest of the listings in there are short sales. Call Fred for details.

June 5, 2009

Alton Extension

Filed under: News — remaxfred @ 10:09 pm

Everyone I talk to in Foothill Ranch is not excited about this project. While on the one hand we need another route down the hill because Lake Forest Blvd and Bake Parkway get busy in the morning. On the other hand, traffic on Portola Parkway on the west side is bound to increase because people from east of Foothill Ranch will be using Alton for their commute.

http://www.city-lakeforest.com/civica/filebank/blobdload.asp?BlobID=4778

http://www.ocregister.com/articles/forest-lake-construction-2362610-phase-project

City of Lake Forest Projects Underway

Filed under: News — remaxfred @ 9:56 pm

Check this link to see what the city is working on now.

http://www.city-lakeforest.com/depts/pw/cip/projects_currently_underway.asp

Is Foothill Ranch really the weakest market in OC?

Filed under: News — remaxfred @ 9:46 pm

Johnathan Lansner declares in his blog that Foothill Ranch is the weakest market of the 83 zip codes that they keep track of with Dataquick and their Zippy Ranking.
http://lansner.freedomblogging.com/2009/05/13/foothill-ranch-is-ocs-weakest-home-market/21951/

Bummer! What should homeowners do now? Once again Jonathan has come up with an attention grabbing headline. The old newspaper saying is operating here; “If it bleeds it leads.” The Dataquick info is showing median prices falling because a high ratio of small entry level condos compared to large detached homes are selling in Foothill Ranch this year. About half of them are foreclosures or short sales. Next quarter, if the ratio of properties sold swings to the higher end Foothill Ranch will jump up in his Zippy Ranking. The problem with this sort of analysis is that it is too broad and too out of date to be of help in finding bargains or determining current value. Property owners and property buyers should be tracking what is going on in their niche right now. One way that Lansner is helpful with this story is in pointing out that there is lots of opportunity for real estate success in Foothill Ranch right now. Let’s talk about your niche.

Foothill Ranch news overview

Filed under: Uncategorized — remaxfred @ 9:19 pm

The variety of news stories this past week in Foothill Ranch surprised me. A group of residents is fighting the Walmart expansion in court. The City of Lake Forest is going ahead with the Alton Parkway extension. The City also celebrated the park renovations. Wet Seal is having a bad quarter. A man got arrested for pointing a gun at his neighbor. Jonathan Lansner, the OC Register, pronounced Foothill Ranch the worst real estate market in South OC. Chipotle restaurant is coming to Foothill.
Do you have news to share? Or, would you like to make news, sound off here.

June 4, 2009

In N Out

Filed under: Uncategorized — remaxfred @ 10:09 pm

The Foothill Ranch In N Out has a spectacular sunset view. I try to take the kids there and resist eating burgers, fries and malts myself. But,

In N Out Foothill Ranch

In N Out Foothill Ranch

I am losing the battle of the buldge.

Foothill Ranch Maintenance

Filed under: HOA — remaxfred @ 9:29 am

Foothill Ranch has a terrific home owners association that maintains our community. They deserve credit for helping the firefighters keep our homes safe when we had that horrible fire last summer by keeping the brush under control. They do a lot for $70 per home. Compared to other communities in South County our HOA dues are very low and last year we got one month free because the HOA has plenty of reserves.

Foothill Ranch Elementary

Filed under: Foothill Ranch Elementary — remaxfred @ 9:20 am

It is pink slip season again and we are sad that some of our teachers will not be back in September.

Alton Park Renovation Celebration

Filed under: Parks and recreation — remaxfred @ 9:12 am

Tonight the City of Lake Forest hosted a party at Alton Park. They provided hotdogs, chips and bottled water. There were games for the kids and Mayor Mark Tettemer and his wife were there to celebrate the renovated park. The kids and I had a great time. The boys did not want to leave!
altonpark18

June 3, 2009

Foothill Ranch Blog Kick Off

Filed under: Uncategorized — remaxfred @ 11:39 pm

The kick is up and its . . . My call is, “its good!” Since you can be a referee on this blog, what’s your call? Post a comment. The idea here is to provide a community forum for Foothill Ranch California. A place to talk about Trabuco Hills High Mustang football or any other topic of local interest. Such as my favorite real estate market trends and properties. What do you think about the latest news in Foothill Ranch? Did you hear about the proposed sports park? The City of Lake Forest is hosting a tour on 6/13/09, 8:3o - 1:00 starting at City Hall. Get the flyer at this link http://www.city-lakeforest.com/civica/filebank/blobdload.asp?BlobID=4809

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