FRE.com is currently hosting two auctions for bank-owned homes in San Jose, California. his bank-ordered auction is a great opportunity to take advantage of bargain prices and purchase your next home in the highly desirable San Jose neighborhood of Willow Glen.

A small town in the middle of San Jose, Willow Glen offers quality schools and plenty of cultural and recreational activities. The community is lush with tree-lined streets, and the Lincoln Avenue downtown area features sidewalk cafes, Italian delis, home design stores and clothing boutiques. Despite the influx of corporate stores like Starbucks and Peets, most Lincoln Avenue stores remain locally owned and operated businesses, adding to the town’s charm.

Check out some details on the two properties below.

Auction #401-2: Beautiful Brand New Home

This gorgeous, brand new home sits on a private street just blocks from downtown Willow Glen in San Jose, CA. The 4 bed, 2.5 bath house consists of ±1,994 square feet and features a 2-car garage and high end materials throughout. The two-floor home features an open floor plan, hardwood floors, crown molding and wainscoting, and Milgard windows. The spacious master bedroom suite has a fireplace, walk-in closet, jetted tub and separate shower. The home’s kitchen features Alderwood cabinets, stainless steel appliances and slab granite countertops.

Auction #401-1: Remodeled Victorian Home

This beautifully restored and remodeled 3 bed, 2 bath single family residence consists of ±1,449 square feet of living space and features a detached garage and spacious open floor plan. The home represents a unique combination of old world charm with high quality modern amenities, including an impressive foyer, wood molding throughout, a new fireplace, remodeled baths, and hardwood floors. The gorgeous kitchen features cherry cabinets, glass displays, recessed lights, stainless appliances and slab granite countertops.

• The Strand at Headlands: 15 Whitewater, Dana Point, California 92629
• The Strand at Headlands: 49 Beach View, Dana Point, California 92629

• Sonoran Mountain Ranch: 28545 North 68th Avenue, Peoria, Arizona 85383

• 431 Avenida Crespi, San Clemente, California 92672

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• Online Auction of a Luxury Home on the San Clemente Golf Course

For those of you unfamiliar with southern Orange County, San Clemente is a quiet beach town well known for its laid back surf culture and 1,296-foot long pier. San Clemente boasts two world-famous surf spots, Trestles and T-Street, that double as popular beach hangouts year round. If land sports are more for you, here’s a little snippet about the San Clemente Municipal Golf Course that describes its sprawling 18 hole course against a ocean backdrop:

The San Clemente Golf Club is a scenic, family friendly Championship 18 hole golf course where Fridays are still weekdays, walkers are still welcome and juniors are always ¬? price. Owned and operated by the City of San Clemente, the course is located approximately one mile from the Pacific Ocean and features ocean views from a number of holes. Named “Best Value in Orange County” in 2008, the rolling hills and relaxed atmosphere of the “Muni” have remained popular with local golfers for over seventy five years.

Traveling to and from San Clemente is easy and convenient, easing the burden of a daily commute. The San Diego Freeway runs parallel to San Clemente, making freeway access a breeze, and there is also an Amtrak train station in town for those looking for a more scenic, relaxing route to travel up and down California’s coast.

The Bid Deadline for this property is April 15th, 2010. If you are looking to capitalize on a spectacular opportunity in this buyer’s market, I encourage you to come visit the online auction at FRE.com for all of the property details and documentation.

Photo Credit: typicalmacuser @Flickr.com

If you would like to continue reading this story about our newest online auction, click here. Or, you can visit the online auction webpage at FRE.com.

The auction for this luxurious custom estate begins onJanuary 22 andwill be held entirely online at our residential real estate website, FRE.com. That is all I can say about this exquisite coastal mansion for now, but here is some info about the home’s spectacular location in southern California’s Dana Point.

The beach town of Dana Point is situatedbetween Los Angeles and San Diego in south Orange County. Encompassing less than seven square miles, the small town of Dana Point has a well-deserved reputation for easy living, and is set against a romanticbackdrop of rolling hills and coastal bluffs.Here a few highlights to check out before we can pass alongmore specificdetails next week:

• Newly opened walking trails and funicular at The Headlands
• The Festival of Whales
• The Dana Point Harbor and its several amenities such as:
  • Two marinas
  • The Ocean Institute
  • Dozens of restaurants
• Famous beaches and surf spots like Salt Creek and Doheny State Beach
• Dozens of public parks
• The award winning Dana Hills High School

Check back in with usfor a newpost about this property next week. We’ll also have a post up explaining the differences between reserve and absolute auctions.

Photo Credit: by buzzjackson

Photo Credit: by Tom Lowe @ Timescapes

This stunning custom home offers sophistication, elegance and privacy with the state-of-the-art appliances and utmost quality rarely seen in the Heights.

No details have been spared. They include library, media room, 4 car garage, large island kitchen with 7′ butler pantry, wine cellar, breakfast nook, Thermadore Professional Series appliances, 48″ refrigerator, 6 burner range, 3 ovens, dual dishwasher, warming drawer, 3 fireplaces, custom ironwork, stone/granite counters throughout, wirebrushed plank oak distressed flooring downstairs, wired for stereo and media, huge master suite with large retreat, extra large shower, huge walk-in closet with built-in cabinets and counters, 3 heating and a/c units, tile roofing with copper gutters and professionally landscaped.

Newport Heights is located in the heart of Newport Beach with close proximity to beaches, shops and parks.

Each of the home’s three bathrooms features Durango travertine slab countertops, Kohler® bathtubs and glass shower doors.

Other amenities include an in home security system, subterranean parking with individual storage unit, upstairs hook-up for stacking washer/dryer, patio area, and an elevator in the subterranean parking lot.

The full details for this Online Real Estate Auction can be viewed at FRE.com

Minimum Bid: $1,850,000

Minutes from both the Hollywood Bowl and Sunset Boulevard, this delightful townhome brings a modern elegance into the heart of the historic Hollywood Dell; one of L.A.’s hippest neighborhoods. The exterior fa?ßade designed by award-winning colorist Miriam Tate, combines multi-hued pastels and white trim with a classic, Craftsmen style.

As you enter the solid custom 8 ft. door on the first floor, the airy living space naturally flows along the Durango travertine honed flooring into the kitchen. The design opens up the cozy, European inspired home for entertaining. The kitchen includes Kitchen Aid® Architect II stainless steel series appliances, a Kohler® stainless steel farmhouse sink and Santa Cecilla granite countertops. The cabinets are custom Italian shaker style, adding a touch of softness to the subtle modernity of the stainless steel appliances.

The crisp white border panels on the exterior of the development compliment its bright and neutral colored interior. Each room in the home is brightly lit and complemented by custom low energy, dual-panel, Pella windows.

A rich hardwood stairwell, complete with wrought iron railing, leads upstairs to two fully carpeted bedrooms, each with a vaulted ceiling and private bathroom. The second story’s lavish master bedroom includes a luxurious bathroom with dual sinks, spacious walk-in closet as well as a sliding door closet.

Each of the home’s three bathrooms features Durango travertine slab countertops, Kohler® bathtubs and glass shower doors.

Other amenities include an in home security system, subterranean parking with individual storage unit, upstairs hook-up for stacking washer/dryer, patio area, and an elevator in the subterranean parking lot.

The full details for this Online Real Estate Auction can be viewed at FRE.com

Minimum Bid: $399,000

With 4 bedrooms, 3 bathrooms, 2 stories and a 2 car garage, this home is a steal at only $291,000. Great for a starter home but equipped to handle a family looking for a little more space.

The full details for this Online Real Estate Auction can be viewed at FRE.com

Seller’s Suggested Value: $291,000

This home is a MUST SEE! You’ll enjoy beautiful 17″ x 17″ floor tile in the entry (extended), kitchen, nook, pantry, family room, master bath, baths 2 & 3 and laundry room; and a gourmet kitchen complete with upgraded ponderosa brown cherry cabinetry, granite counters with 14″ x 14″ full tile backsplash and stainless steel Thermador appliances (cooktop, hood, dishwasher, double oven, microwave and stainless steel refrigerator will be installed prior to close of escrow).

Other features/amenities include upgraded ponderosa brown cherry cabinets t/o; upgraded ponderosa brown cherry handrails w/wrought iron balusters; custom paint t/o; prewiring for surround sound in the family room; upgraded carpet in the living room, dining room, hallways, all bedrooms, hallways and stairs; and cultured marble vanities and bath/shower surrounds t/o.

The full details for this Online Real Estate Auction can be viewed at FRE.com

Seller’s Suggested Value: $290,000

This 2 story, 4 bedroom, 3 bath home has over 2900 square feet of living space with an attached 2 car garage. This home was the original Plan 2 model and includes many interior and exterior upgrades.

The full details for this Online Real Estate Auction can be viewed at FRE.com

Seller’s Suggested Value: $315,000