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2869 Turnbull Canyon Road
Hacienda Heights, CA 91745
$1,099,999
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3336
Property Description
Attention investors and builders looking for a promising investment opportunity for a quick exchange or a homeowner with a vision to create an ideal living space that embodies their dreams! With major renovations completed, this spacious home, nestled in a private and serene hillside location, presents the perfect canvas to put in the finishing work and touches to transform this property into a truly exceptional masterpiece. As you step inside, feel a sense of potential and possibility. The thoughtfully renovated main living areas with a configuration that allows for flexibility in design, makes it easy to envision your own unique style taking shape. The kitchen awaits your creative vision, with space for custom cabinets, premium appliances, and a layout that suits your preferences. Primed for customization, the bedrooms and bathrooms allow you to create luxurious retreats for yourself or that appeal to the most discerning buyers. Home highlights include a three-car garage, a fireplace in the living room and one in the family room, and a basement large enough to build a home theater, bar and game room, wine cellar, cigar room or private gym. Outside, the property features a tranquil setting with breathtaking views overlooking the surrounding mountains and valleys, while providing plenty of private space to maximize appeal and value for outdoor living. Homeowners can imagine creating their own oasis with landscaping and outdoor amenities that complement their lifestyle. This property is an ideal investment opportunity for those looking to capitalize on the demand for quality homes in desirable locations with a faster exchange. With the arduous work already completed, your focus can be on adding the finishing touches that will make this home stand out in the market. Do not miss out on this chance to turn a partially renovated property into a profitable venture, or the home of your dreams!
Property Information
Lot Size
78,773 sqft square ft
Property Type
Residential
Year Built
1986
MLS Number
BB24072473
Location
Address
2869 Turnbull Canyon Road
City
Hacienda Heights
State
CA
Zip Code
91745
County
LOS ANGELES (SOUTHEAST COUNTY)
Listing
Provider
Media West Realty, original listing
Name
Media West Realty
Phone
(818) 845-9700
Office Name
Media West Realty,Inc.
Office Phone
(818) 845-9700
Agent Name
Bryan Ochse

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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.