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5025 E Crescent Drive
Anaheim Hills, CA 92807
$4,299,888
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
6386
Property Description
Nestled within the esteemed Peralta Hills, an absolutely stunning Romanesque Manor stands as a testament to architectural grandeur and opulence. This prestigious estate is situated on a privately gated, flat one-acre parcel that has been artfully transformed into an entertainment utopia. As you pass through the gates onto the circular drive, the ambiance of Normandy envelops you, with classical stonework and a focal custom center fountain that sets the tone for the extraordinary experience that awaits. Spanning over 6300 sqft, this residence boasts a private theater, office and 5 bedrooms and 6 baths that went through a complete renovation. Stone and wood floors, a modern polished Venetian plaster, and soaring ceilings light up with crystal like chandeliers and accent lighting throughout. Every detail, from the custom wrought iron double door entrance to the two-story foyer and grand iron staircase, reflects a commitment to timeless elegance and refined luxury. The kitchen, a culinary masterpiece, has undergone a complete transformation. Double islands, high-end appliances, and a dedicated lounge area provide an inviting space for both cooking and congregating. Multiple gathering and entertainment spaces with family room and full wet bar right of the kitchen, indulge in the ultimate cinematic experience in the state of the art home theater room or lounge in the huge living room that beckons you with its gorgeous coffered ceilings and fireplace. The sprawling primary suite boasts a walk-out terrace and a spa-like bath with a soaking tub, rain shower room, and a generously sized walk-in closet. Step outdoors onto a vast terrace that transforms into a California room below, offering a perfect vantage point for one of the most captivating entertainment yards you have ever seen. A resort-style rock pool, complete with a water slide, grotto falls, raised spa, and electronic fire features, transforms the night into a spectacle of lights. Unwind in a bonfire beach setting, engage in a game on the lighted pickleball court or jump on the in ground trampoline, creating a backyard paradise that caters to every type of lifestyle. Parking is abundant and effortless with the 4-car garage and extensive driveway which adds the finishing touch to this exceptional property, ensuring both luxury and practicality. This one has it all!
Property Information
Lot Size
40,920 sqft square ft
Property Type
Residential
Year Built
1990
MLS Number
PW23213462
Location
Address
5025 E Crescent Drive
City
Anaheim Hills
State
CA
Zip Code
92807
County
ORANGE (NORTH)
Listing
Provider
Berkshire Hathaway HomeServices California, original listing
Name
Berkshire Hathaway HomeServices California
Phone
(714) 998-8810
Office Name
BHHS CA Properties
Office Phone
(714) 602-2626
Agent Name
Carole Geronsin

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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.