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Feature Property - Mission Point

VR $469,000-519,000

Photo of Melinda Way, Oceanside, CA, 92057.

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Front of the House : Fabulous Newer Cleaner-than-a-Model

Address: Melinda Way	City/ST: Oceanside, CA	Zip Code: 92057
Location: Rancho Del Oro	Property Type: Single Family Home	New or Resale: Resale
Bedrooms: 4	Bathrooms: 2 full, 1 half	MLS# 041024528

Built in 2000, this newer home has 4 bedrooms and 2 1/2 bathrooms. Honey Maple cabinetry in the kitchen, plus Travertine Tile throughout the ground floor. Black Granite Counters and Backsplash in Kitchen.The downstairs bedroom and Master Bedroom are wired for Surround Sound and Speakers. Community Clubhouse features a full Gym, Olympic-sized Swimming Pool, Spa, Tennis Courts, and Playground. Schools are Nichols Elementary, King Middle School, and El Camino High School.

Last Updated: 6/21/2004 7:05:37 PM

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About Appraisals >Fair Market Value

What is the best price for a piece of real estate? Mortgage lenders, appraisers, and real estate brokers use what is called the "fair market value" (FMV). FMV has been defined as "the price that a buyer is willing to pay and the seller is willing to accept, when both parties are knowledgeable about the property and neither is under any time pressure to buy or sell". Sounds great, but how is this price determined?

The starting point for determining a fair price may be an opinion of the value or "comparative market analysis". Such an analysis uses information on similar properties which are: 1) currently for sale, 2) already sold, or 3) expired properties (those which did not sell). Local, national and international trends and market conditions must also be evaluated.

By comparing similar properties in each of the three categories and the market conditions, appraisers, lenders and agents come very close to the maximum price that buyers would be willing to pay for a house.

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Q	What is the world's most valuable piece of furniture?
A	The 18th century Italian Badmiton Cabinet owned by the Duke of Beaufort sold in 1990 at Christie's, London for $15.1 million dollars.
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Stan Chambers, REALTOR�, real estate agent and broker for Encinitas, Carlsbad and Shadowridge, California home listings, property and land for sale - NUMBER1EXPERT

Stan Chambers
Sea Coast Exclusive Properties
900 South Coast Hwy
Encinitas CA. 92024
DRE License # 01356002
Direct: 760-505-8008
Fax: 866-449-2505
Email: Stan@StanChambers.com
My name is Stan Chambers and I have been a highly successful real estate professional in the Encinitas, Carlsbad, Escondido, Shadowridge, Vista, and Oceanside markets. My personal goal is to simplify the process of buying and selling real estate, and to satisfy everyone's needs to the best of my ability. My extensive experience and proven track record are factors you can count on when working with me. I use the latest technology to understand the current market and to make the connections necessary for our success. Please enjoy my website. It is just one of the many successful tools I use to assist my clients in marketing their real estate.

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