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1020 Hillcroft Road
Glendale, CA 91207
$3,485,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
5812
Property Description
With the grandeur of another era, Property No. 80 on the Glendale Register of Historic Resources is a one-of a-kind Tudor-revival style home. Built in 1932, this magical and enchanting property with views to Catalina is in the desirable upper Rossmoyne Historic District. This 6 beds + 6 baths English Manor was designed by architect Radcliffe Hollingsworth featuring architectural woodworking on walls, Tudor-arches, period light fixtures, original leaded glass windows, Douglas fur heartwood floors and coffered and beamed ceilings. Combine the unsurpassed quality of the home with a modern lifestyle of a fantastic media room This spacious 5,400 sq ft home was ingeniously designed with a primary en-suite bedroom on each of the three levels. The unique floor plan accommodates a large family, extended out of town visitors or multi-generational living under one roof. Wonderful outdoor dining and entertaining spaces including a secret garden! Picturesque grounds feature charming pathways leading down to a Koi Pond with waterfall, private seating areas and original outdoor stone fireplace. Enter into a dramatic two-story foyer. The castle-like living room amazes with high coffered ceiling, large fireplace, built-in bookshelves and Venetian plaster walls. The formal dining room has French Doors to a large rear outdoor city view dining porch. The eat-in kitchen with western views has electric SS appliances, center island with cooktop. A service wing in kitchen has a laundry area and an outside entrance . The main level has the largest guest suite with sitting area, vanity & closet room and vintage tiled bathroom with separate tub and shower. The entire upper level is a private homeowner’s retreat with the primary bedroom, sitting room and office occupying this floor. The lower-level features third primary bedroom, two additional bedrooms and the entertainment hub consisting of the media room, separate wine tasting room with walk in wine closet. A fun game room is off the media and wine room. Great outdoor space on this level with 840 sq ft covered hardscaped living area overlooking the low maintenance pond and garden. A two- garage with EV charger has direct access into the home. An amazing 1,184 sq ft w/an attic is accessed via the garage. The property has Mills Act status which provides property tax relief in exchange for the owner’s maintenance of the historical and architectural character of the property.
Property Information
Lot Size
9,034 sqft square ft
Property Type
Residential
Year Built
1932
MLS Number
GD24036845
Location
Address
1020 Hillcroft Road
City
Glendale
State
CA
Zip Code
91207
County
LOS ANGELES (SAN FERNANDO VALLEY)
Listing
Provider
eXp Realty of California, Inc., original listing
Name
eXp Realty of California, Inc.
Phone
(888) 584-9427
Office Name
eXp Realty of California Inc
Office Phone
(888) 584-9427
Agent Name
Leanne Reynolds

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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.