Several New Listings in Belmont Shore and Naples

Several new homes were listed last week in the Belmont Shore-Naples area, bringing the total single family homes on the market to 66.

New listings for the week are:

104 Covina Avenue – $889,000

This Belmont Shore duplex has a remodeled owners unit with 3 bedrooms and 2 bathrooms upstairs plus a 1 bedroom, 1 bathroom unit downstairs. There is a patio in the front and a 3 car garage in the rear. 

170 Rivo Alto Canal –  $1,500,000 

Just one bridge away from open water, this midcentury Naples home has two bedrooms and two bathrooms with 1553 sq. ft. of living space. There’s a waterfront patio, a fireplace in the living room and a 2 car garage.

 6132 Corsica Circle - $2,175,000

Located in the gated community of Bay Harbour, this 4 bedroom, 4 bathroom home comes with a 35 foot boat dock and a private patio overlooking the bay.  The kitchen features granite counters and stainless appliances and the master suite has a balcony overlooking the bay.

 5104 S. Marina Pacifica Drive - $226,800

This Marina Pacifica single condo has a pull-out bed and comes with 1 parking space. It’s eligible for special Fannie Mae HomePath financing with as little as 3 percent down. HOA dues are $460 per month.

103 Ravenna Drive, Unit 15 - $565,000

Located in the Villa Di Napoli Condo building near the “La Bella” Naples fountain, this 2 bedroom, 2 bathroom unit has a balcony with a view, newer paint and carpet, and 1 underground parking space. HOA dues are $450 per month.

 Short sales affecting Belmont Shore/Naples along with the rest of the Long Beach market:

 Of the 66 houses currently listed in Belmont Shore/Naples, eight of the homes  (12% of current listings) are short sales – meaning the owners currently owe more than they can repay by selling their home. Overall in Long Beach, 32% of homes currently listed are short sales, according to the MLS. Last year, 20% of sales statewide were short sales.

 Whether you’re purchasing a short sale or considering doing a short sale, it’s important to have as much information about the situation as you possibly can and seek expert guidance. The California Association of Realtors (CAR) said this week that fewer than 3 out of 5 short sales in California actually close. Tedious lender requirements and poor communication are among the factors that can prevent short sales from closing.

All property information is from the MLS and is deemed accurate but not guaranteed.