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90 Berry Ln
Junction City, CA 96048
$118,500
Conventional
Property
Bedroom
2
Bathroom
1
Property Type
Conventional
Square ft
800
Property Description
Welcome to 90 Berry Ln, a home on almost 4ac where the road lives up to its name, lined in blackberries growing on criss-cross streams throughout the neighborhood. A little stream flows along an edge of the parcel, ensuring stable water supply and a place for frogs to take refuge and sing at night. Trinity River is very nearby. The 2 bed, 1 bath home is ready for your own personal touches to finish things like flooring and paint the way you would want them. Some kitchen cabinets have been removed to make way for the kitchen remodel, insulated windows throughout. Seller including a box of light bulbs and new kitchen faucet to sweeten the deal and pass the creative torch to get you started. The house is elevated above driveway, and perched on the edge of the hill for long distance valley and mountain views. Ample size lot to add your own barnyard characters like chickens, goats or the kids' pony and most of the pasture is already fenced in and gated. End of the road privacy, no dust, plenty of space to expand house or add an ADU. Water is by private drilled well. Small outbuildings included, even a chicken coop! Seller Financing with approved terms, buyer to verify all aspects.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1985
MLS Number
2111949
Location
Address
90 Berry Ln
City
Junction City
State
CA
Zip Code
96048
County
TRINITY
Listing
Provider
Big Valley Properties, original listing
Name
Big Valley Properties
Phone
(530) 410-1992
Office Name
Big Valley Properties
Office Phone
(530) 410-1992
Agent Name
Brandon Rea

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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.