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520 Hacienda Drive
Monrovia, CA 91016
$1,599,999
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
3092
Property Description
Welcome to 520 Hacienda Dr in the highly coveted Bradoaks area of NE Monrovia that is adjacent to the prestigious City of Bradbury (5 houses from the border)! This fantastic convenient location is only 1.4 miles to Old Town Monrovia w/its delicious restaurants, quaint shops, Friday night Family festivals, 1.3 miles to top rated California School of the Arts-San Gabriel Valley (charter high school), 1.5 miles to City of Hope, 1.2 miles to 210 Fwy, 2.2 miles to Gold Line. This Great Big Home has just been remodeled and renovated with new quartz countertops in kitchen and 2 bathrooms, exterior and interior paint, vinyl plank flooring and re-imagined backyard with fresh sod grass!!! 5 large bedrooms, 3.75 baths with two primary suites with one downstairs and one upstairs that's perfect for large multi-gen families! The downstairs primary bedroom has sliding glass door that opens to the newly redone backyard and could possibly be turned into an ADU on it's own or combined with the adjacent other downstairs bedroom to create big self contained living unit (check w/the city). Charming front bay window and fireplace grace the good sized living room, kitchen with freshly painted cabinets and new quartz countertops with breakfast bar that is perfect for entertaining because it is open to adjacent large dining/family room area. There is also an oversized walk in pantry, ceiling fans in all bedrooms & common areas, separate laundry room, multiple hallway closets for additional storage! Upstairs, you will find another primary bedroom suite with two closets, large covered balcony, good sized built-in sauna, bathroom with clawfoot soaking tub! There are two additional roomy bedrooms and remodeled hall bathroom upstairs. The newly re-done backyard with freshly planted sod grass with sprinklers and rose bushes has plenty of room for a swing set, trampoline or perhaps adding a pool and spa. There is a large covered patio with built-in countertops that is perfect for barbequing and creating wonderful memories with family and friends for years to come! The home also includes owned solar panels as well! We almost forgot there is multi-purpose room off the kitchen that is perfect for home office, playroom, or mini gym? Last but not least, there is a large finished shed (approx 11x16) with windows, laminate flooring, electrical & window AC that could be man cave, she shed, home office, or ? Make an appointment today to see this wonderful home or come to an open house!!!
Property Information
Lot Size
7,514 sqft square ft
Property Type
Residential
Year Built
1949
MLS Number
IV23196759
Location
Address
520 Hacienda Drive
City
Monrovia
State
CA
Zip Code
91016
County
LOS ANGELES (MID CITIES)
Listing
Provider
ALL NATIONS REALTY & INVESTMENTS, original listing
Name
ALL NATIONS REALTY & INVESTMENTS
Phone
(909) 980-5000
Office Name
RE/MAX Proper
Office Phone
(909) 980-5000
Agent Name
THOMAS REECE

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.