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20187 Avenue 262
Exeter, CA 93221
$1,995,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
4688
Property Description
A once in a lifetime opportunity has come to live in the country estate of your dreams! This unbelievable property was custom designed and built by renowned Central Valley builder, Mike Watts, and has been enjoyed as his personal home for many years. For one who must have only the best, this one is for you. From its gorgeous layout and incredible privacy nestled in 10 acres of naval oranges, to its scenic views of the Sierra Nevadas, this is truly a retreat to call home! Found down a privately maintained road just minutes from Exeter, this 4,688 sq ft 4 bedroom, 3.5 bath home features every possible luxury. A modern Craftsman design, the builder has incorporated unique elements such as a tongue and grove barrel entry ceiling, tray ceiling in dining room, and 13-ft ceilings in formal living. The home is designed for family living as well as off-the-chart entertaining: chef's kitchen, outdoor dining, living, and kitchen spaces, plus an additional covered pergola with poolside seating and views of cascading feature waterfall. Inside, the home's attention to detail is without equal. Kitchen showcases Quartzite countertops, Wolf appliances, refrigerator drawers plus a Subzero, and charming adjacent hearth room with fireplace perfect for curling up with a cup of coffee to read or watch the kids play. The features of the home are too extensive to list and must be seen in person to truly appreciate the quality and craftsmanship of the home. Main living space consists of a split floorplan with the west wing featuring 3 bedrooms, two baths, and a media room/ office, separated from formal living and dining by a leaded glass pocket door. Central and west wings feature formal living and dining, kitchen, hearth room, great room with rounded window vistas to pool and orchard, walk in pantry, bonus craft room, and huge primary suite featuring Rainforest marble countertops. Owned solar and a 4000 sq foot shop are further amenities. In a word, this property is simply UNMATCHED.
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential
Year Built
1993
MLS Number
226951
Location
Address
20187 Avenue 262
City
Exeter
State
CA
Zip Code
93221
County
TULARE
Listing
Provider
Wendy Little Properties, Inc., original listing
Name
Wendy Little Properties, Inc.
Phone
(559) 733-7135
Office Name
Wendy Little Properties, Inc.
Office Phone
(559) 733-7135
Agent Name
Wendy J Simpson-Little

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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.