Lake Balboa CA
227 homes were sold in 2015. The Minimum Listing Price $315,000 and Selling Price was $330,000 with 2 bedrooms, 1 baths, 776 square feet house, and 4,998 sq ft lot.
Maximum Listing Price $749,900 and Selling Price $732,500 with 5 bedrooms, 4 baths, 2,968 sq ft home, 24,752 sq ft lot, and 249 days on market.
Average Listing Price $504,208 and Selling Price $504,646 with 3 bedrooms, 2.1 baths, 1,521 sq ft home 7,4752 sq ft lot and 48 days on market.
From all the sales, 112 were in the price range of 400K to 500K and 67 sales on the 500K to 600K; Also 3 of the lake balboa home sales were on probate, 1 was lake balboa bank owned home aka foreclosure, 4 lake balboa homes were on short sale, one home had notice of default and the rest were standard sales.
MORTGAGES AND INTEREST RATE
Fha loan require 3.5% down and the interest rate today is at 3.75%; while the conventional loan requires minumim a 5% down payment and it's at 3.875% interest rate. Both mortgages are fixed rates with a 30 year term. Va loan required no down payment and have no private mortgage insurance.
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