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2527 Mesa Ter
Upland, CA 91784
$3,295,000
Conventional
Property
Bedroom
4
Bathroom
6
Property Type
Conventional
Square ft
5142
Property Description
Nestled in the hills of San Antonio Heights, stands a testament to Spanish Colonial architecture with roughly 40,000 SF of vibrant private grounds blossoming around the main house and the detached casita with its own private driveway and gate. Classic Spanish elements are showcased throughout the estate in the ornamental ironwork, balconies, arcades, graceful archways, painted tile, tower-like chimneys and of course, a sun-soaked courtyard. Walk upon the French Oak flooring and follow the carved wood beam ceilings, hand cut Terra-cotta tile and limestone fireplaces into an expansive living and dining space surrounded by natural sunlight while patio doors facilitate effortless indoor/outdoor connectivity. The gourmet kitchen showcases premium appliances, Clive Christian cabinetry, an impressive center island and elite La Cornue range. Unwind in a stunning bespoke premier Cru wine chamber featuring a full wall of plush velvet banquette seating, ideal for the sophisticated aficionado. The dramatic primary suite on the main floor is a true sanctuary, featuring a cozy fireplace, a luxurious bathroom with hand painted tiles, and an oversized spa for moments of pure tranquility. The second level boasts two cozy bedrooms with en-suite baths, along with a spacious office/flex room (convertible to an extra bedroom) featuring a scenic balcony overlooking the courtyard and valley. Comfortably host large-scale gatherings without compromising privacy on the resort-style patio complete with a full kitchen, grill, pizza oven, fountain, cozy fireplace and valley views. This hilltop sanctuary is a rare private oasis offering the ultimate luxury lifestyle of elegance and solitude.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2003
MLS Number
24-375837
Location
Address
2527 Mesa Ter
City
Upland
State
CA
Zip Code
91784
County
SAN BERNARDINO (WEST INLAND EMPIRE)
Listing
Provider
KELLER WILLIAMS BEVERLY HILLS REALTY, original listing
Name
KELLER WILLIAMS BEVERLY HILLS REALTY
Phone
(310) 432-6400
Office Name
Keller Williams Beverly Hills
Office Phone
(310) 432-6400
Agent Name
Amit Lalji

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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.