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1051 Walnut Avenue
Redlands, CA 92373
$2,000,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3403
Property Description
Welcome to a glimpse of history in the city of Redlands Ca.Founded in 1881 and incorporated in 1888, Redlands was once the largest producer of Washington Navel Oranges in the world. Its scenic State Street and Smiley Heights neighborhood adorns historic buildings and homes. This fully restored Victorian gem, originally constructed in 1893 has over 3400 sqft with 4 beds and 4 baths. Situated on a 1.35 acre farm estate, its 12 month meticulous reconstruction and attention to detail are evident in every corner of this property. It includes a delightful revitalized pool, a versatile barn, and a guest office with attached storage that could be converted into an ADU. Step inside, and you'll be transported to a bygone era. With its 10 foot high ceilings, intricate woodwork, original weighted windows, and cozy fireplaces, it exudes a warmth that is as timeless as it is inviting. From the refinished original hardwood flooring and breakfast nook, to the Bianco Carrara Italian Marble counter tops and custom built cabinetry, the kitchen encompasses the perfect contrast where old meets new. For those with an appreciation of history, the billiards room pays homage to Teddy Roosevelt, a man who valued tradition and progress. It's the ideal space to find inspiration and focus. Upstairs, you'll find four spacious bedrooms that provide the perfect retreat at the end of the day. The bathrooms radiate a freshly done look infused with a splash of mid 18th century charm. Step outside into the beautifully landscaped yard, where you can enjoy al fresco dining, relax in the shade of mature trees, dip in the fully restored swing pool and savor the beauty of the Washington Navel orange grove that surrounds you. This property boasts a 150 tree working orange grove meticulously maintained and expected to start producing this next growing season. As the 150 Washington navels reach maturity, there's an exciting opportunity to generate income by hiring a stem and leaf salesman to harvest and sell the bountiful fruit. This transforms the space into a thriving working farm, offering both a picturesque setting and a potential source of revenue through the fruitful harvest. Whether you're rocking on the porch, tending to your oranges, or exploring the rich history of Redlands, this Victorian farm home promises a unique living experience that embraces both the past and the present. A Piece of History Awaits You in The Jewel of the inland Empire...Redlands, California!
Property Information
Lot Size
57,000 sqft square ft
Property Type
Residential
Year Built
1893
MLS Number
EV23207096
Location
Address
1051 Walnut Avenue
City
Redlands
State
CA
Zip Code
92373
County
SAN BERNARDINO (EAST INLAND EMPIRE)
Listing
Provider
Keller Williams Realty Redlands, original listing
Name
Keller Williams Realty Redlands
Phone
(909) 793-2100
Office Name
KELLER WILLIAMS REALTY
Office Phone
(909) 793-2100
Agent Name
NICHOLAS ORTIZ

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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.