Laguna Beach Distressed Property Just Sold by Michael Franco

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A Laguna Beach distressed property has just been sold by Laguna Beach Realtor Michael Franco who represented the buyer in this probate sale. 1151 Summit Drive, Laguna Beach is located in the Laguna Village area which is known for its incredible ocean views and walk to the beach location. The home featured wonderful ocean views with 3 bedrooms, 3.5 baths and sold for $840,000.

A Laguna Beach home has just been sold by Laguna Beach Realtor Michael Franco who represented the buyer in this probate sale. 1151 Summit Drive, Laguna Beach is located in the Laguna Village area which is known for its incredible ocean views and walk to the beach location. The home featured wonderful ocean views with 3 bedrooms, 3.5 baths and sold for $840,000. The home was originally listed last summer for $1,050,000 and went through the probate process where Michael successfully secured the deal at $840,000. The probate process can be a very long and time consuming process and working with the right agent can make all the difference in the world.

The Laguna Beach Real Estate market has seen some major changes this year, especially for distressed properties priced under $800,000. Unlike the rest of the country, real estate by the beach has seen a surge of activity which is fueled by low inventory and high demand. Single family home prices start around $500,000 in Laguna Beach so homes around this number are almost guaranteed to sell very quickly in today's market. Michael specializes in Laguna Beach Short Sale and distressed properties which consist of bank owned, foreclosure, probate and short sales. Home buyers looking for quality and well priced properties are finding it difficult to locate properties. Often times the buyers end up bidding against other buyers due to the high demand of these kind of properties. We anticipate additional homes to come on the market as we get into the summer months so be prepared to act quickly if you are ready to buy a home.

Michael Franco represents luxury home buyers looking in the coastal communities of Laguna Beach, Newport Coast and Newport Beach. He knows each of the individual neighborhoods and the current inventory of homes for sale very well and can guide his clients in the right direction. This local knowledge has earned him the reputation of being one of the top local agents. Michael specializes in selling luxury properties with listings as high as $20 Million dollars for an ocean front home located in the Emerald Bay Laguna Beach community.For professional representation make sure to contact Michael at 949-200-2383. For information on Laguna Beach Real Estate simply go to http://www.lagunabeachrealestate.com today.

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Michael Franco
Beach Cities Real Estate
949-200-2383
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