521 W Maple Ave – New Listing at Depot Walk in Old Towne Orange
by Stacey May
on Friday, July 27th, 2012 at 7:08pm.
New listing just came on the market at the popular Depot Walk community in Old Towne Orange.
521 W Maple Ave - This property had been on the market for over a year as a short sale. Like most new developments in California, Depot Walk was stuck with having to offer a few affordable housing units. Quick Tip... Don't ever buy an affordable housing unit! Affordable housing restrictions made it basically impossible for the previous owner to complete a short sale. The owner and listing agent even and to go to the City of Orange's City Council to try and make the short sale work. In the end the property was sold via foreclosure sale. The home is now back on the market being sold by the investor that jumped on the foreclosure sale. It's been repainted and cleaned up so it shows much better, in case you didn't think much of it before.