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11820 2nd Street
Yucaipa, CA 92399
$820,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
1733
Property Description
What a great property with a darling ADU huge RV garage inviting pool and a 3 bay workshop! At 1733 square feet the main house has 4 bedrooms and two bathrooms. Newer windows throughout with wood shutters and a centrally located Livingroom with a pot belly style gas fireplace and updated kitchen and bathrooms. And, the roof was replaced within the last 6 years. There's even a 400 amp industrial electrical service panel for the entire property! Do you like pool parties? Summertime entertaining is made easy with this beautiful pool! At approximately 40'x17'and 8 feet deep you could invite all of your friends over for a pool side BBQ. The pool has two water falls and mod lighting that can all be controlled with an app on your phone. The ADU is located t the rear of the property and comes furnished and includes the washer and dryer. At 495 square feet the layout is very comfortable with one bedroom and one bathroom. It has it's own HVAC system and tankless hot water heater. It's also wired for the internet coming off the main house. Ample parking is provided next to the ADU with plenty of open space around it giving it a real private feel. The RV garage is approximately 25 feet deep with loft storage and roll up door access with a separate pool equipment room and 30 amp service to plug in your RV. The workshop has a single bay that's walled off from the other two bays it's 24ft deep with automatic roll up door and access to it's own full bathroom that can also be accessed from the pool deck and it's equipped with it's own tankless water heater. The double bays are a combined 24x24x12 with 2 extra high roll up doors, one is automatic. The shop has 220 electrical service with 30 and 50 amp plugs. Air compressor supply lines are plumbed with two outlets making the use of air tools a breeze. This property has a lot to offer with room to grow. Our local mountains are a short drive away and local shopping is close by too.
Property Information
Lot Size
28,980 sqft square ft
Property Type
Residential
Year Built
1945
MLS Number
EV24055464
Location
Address
11820 2nd Street
City
Yucaipa
State
CA
Zip Code
92399
County
SAN BERNARDINO (EAST INLAND EMPIRE)
Listing
Provider
RE/MAX Lakeside, original listing
Name
RE/MAX Lakeside
Phone
(909) 307-5665
Office Name
RE/MAX ADVANTAGE
Office Phone
(909) 307-5665
Agent Name
ADAM HART

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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.