Should I buy a well-priced home in Rossmoor that is one street away from the freeway?

Smtello77
Home Buyer
90720

I am in the market to buy a home in either Seal Beach or Rossmoor. The home my husband likes is close to the freeway but is move-in ready and in our price range. The homes in a better location are fixers. This will not be our last home and it is priced well below market value.

Answers (4)
Emily S. Knell
Agent
90720

What's louder at this moment here on Tucker Ln. isn't the freeway, it's the crickets! :)

emilyknell1@yahoo.com
562-430-3053 cell

Thu Aug 27 2009, 22:41
Emily S. Knell
Agent
90720

If freeway noise is an issue, just don't buy on Martha Ann! I live on Tucker, just 2 homes from Kensington, which as you know on the other side of that is Martha Ann. Yes I can hear the freeway, just a whooshing sound. Honestly I find it comforting & when I'm in areas where it's completely & totally quiet, it just feels odd.

I was born on Rossmoor's "busy" street, Foster Rd., so I've had it both ways, busier street & closer to the freeway. We have a pool in the backyard so when the spa is draining into the pool or the pool pump or kreepy krawler is on, it drowns out some noise. Seriously though, you just get used to it. If you don't want a home with a pool, then a fountain usually does the trick when sitting on the back patio.

You must be talking about the listings on Quail Run or the West end of Copa De Oro. They're both close to Martha Ann, but not ON it. One of the homes on Quail Run, the owner is taking a bit of a hit, it's the popular Estates model & does have a pool. Needs upgrading, but is in good condition otherwise.

I'm a Rossmoor native & expert in the area. I'm Chairwoman of the Rossmoor (volunteer) Homeowner's Association's Welcome Committee. I hope to meet you sooner, but will surely meet you when you move in!

Feel free to contact me if you'd like the skinny on the best deals in Rossmoor!

emilyknell1@yahoo.com

Thu Aug 27 2009, 22:11
Dave Osborne
Broker
92867

A lot of the answer is depending on how long you are planning on staying there. Rossmoor has weathered this recent downturn far better than many areas in OC. When the market normalizes across all price points, you can be sure that anywhere in Rossmoor is going to be a sound investment. It is no secret that they have some the highest rated schools in the district and it is a very desirable place to live.

I do a lot of work in and follow all activity in Rossmoor very closely. So much so that I think I might even have a good idea of which home you may be looking at. If you want to bounce off some ideas with someone who is very knowledgeable about the area, or find out if a home is a good value based on today's market let me know. You can call me at 714-349-5454 or drop me a line at DaveO@theOCmls.com

Thanks - and good luck!

Thu Aug 27 2009, 21:41
Connie Bramble...
Agent
Placentia, CA
FIRST ANSWER

Dear Homebuyer,
You should ask your agent for the comps of homes that are as near the freeway as the one You are looking at. Keep in mind that everything sells for a price. As long as the price is reflective of the fact that it is so close to the freeway you should be fine. there will always be a smaller market for The homes that are in close proximity to the freeway. But that is why the price difference! I think you should buy the home that Best fits your needs. Do you have the money to repair the home in the more desirable location? Will it cost you more to upgrade than the price difference is? Your agent should have already calculated these things for you. It is simple math really. After repairs, is the fixer a better buy than the home by the freeway? Do the math. Then decide for YOU is the price difference worth being close to the freeway? Do you not have the money to make repairs? Then it is a no brainer! Remember you will have the $8000 credit coming if you are a first time buyer or have not owned a home in three years. You can get that money in just about 3 months from purchase. Something to consider!
Connie Bramble
814-337-8718

Thu Aug 27 2009, 21:25

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