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Feature Home - REO-Newer Single Story w/Pool in NP

$749,900 Foreclosure Price!

Photo of 125 W. Kelly Road, Newbury Park, CA, 91320.

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Address: 125 W. Kelly Road	City/ST: Newbury Park, CA	Zip Code: 91320
Location: Newbury Park, CA	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 3308	Bedrooms: 4	Bathrooms: 3
MLS# 90003508

Horse-zoned, single story custom ranch home, nestled on a 1/2 acre lot in a gated community in the foothills of Newbury Park. One of a kind setting with ancient oak trees & beautiful stream running through property! This stunning home has 4 bedrooms, 4 bathrooms, 3 fireplaces and spans 3,308 sq. ft. of luxurious living. The master bedroom features a cozy fireplace, separate sitting area and large spa-like bathroom with jetted tub. Huge, gourmet kitchen with built-in fridge, center island, desk workspace and eat-in dining nook with bay windows overlooking the pool. There is a formal dining room and both the living room and family room have fireplaces. Extensive use of hardwood floors and high ceilings give it an open, airy feel. Other upgrades include plantation shutters, a security system, interior/exterior sound system, and a central vac system. The entertainer's backyard has a PebbleTec pool and spa, firepit, fountain, covered patio and lots of grassy play areas. There's even a basketball sports court to shoot hoops. You'll always have lots of fun things to do here, especially if you enjoy the equestrian lifestyle in an upscale and convenient location.

Last Updated: 5/27/2009 3:41:25 PM

Listing Agent and Office: , CalREsolutions

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About Appraisals >Working With Appraisers

After the buyer and seller come to a "meeting of the minds" on the price of a house, there is one more person who must be convinced that the house is worth the selling price--the mortgage company's appraiser.

The appraiser looks for three similar houses that have sold in the same area within the last several months, and compares the selling prices of these homes with the one that is now on the market. The appraiser makes adjustments to account for the differences in each property, and averages the adjusted prices of the other three homes to arrive at a final opinion of value. In subdivisions or condominium projects where there are many similar properties and numerous recent sales, the appraiser's job is relatively easy. In neighborhoods of older homes that have been renovated or remodeled over the years, it can be like comparing apples and oranges.

If the appraiser's evaluation is lower than the selling price, it can stall the transaction because the lender may decline the buyer's loan because of the discrepancy. A real estate agent can work to minimize potential delays associated with the appraisal process by helping the seller to price the home as close to fair market value as possible.

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The Dubinsky Group, REALTOR�, real estate agents and broker for Westlake Village, Agoura and Dos Vientos Ranch, California home listings, property and land for sale - NUMBER1EXPERT

The Dubinsky Group
RE/MAX Olson & Associates
30699 Russell Ranch Road, #100
Westlake Village, CA. 91362
Direct: (805) 444-7044
Fax: (818) 879-2269
Email: Maia@GRTmove.com
Maia Dubinsky is a consistent top producer with 20 years of experience in the business and a California licensed Real Estate Broker. She has been inducted into the RE/MAX Hall of Fame and consistently achieved the Platinum Club award, one of the highest honors within the RE/MAX system. Maia's track record of success is evidence of her dedication and commitment to delivering outstanding results for her clients. Maia has also has earned her Bachelor's Degree in Business Administration. Prior to real estate, she acquired over 10 years experience in the field of Corporate Finance. Maia has the experience you can definitely count on for world-class service!

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