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20992 Iris Ct.
Groveland, CA 95321
$899,900
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
3543
Property Description
Beautiful taxiway Home located on Pine Mountain Lake airport (E45) Looking for a stunning family home that combines modern convenience with classic charm? Look no further than our beautiful taxiway home overlooking the runway about mid-point. Featuring a spacious owner's suite with an exercise room and luxurious bathroom. At 3543 sq. ft., all rooms are large. The main living areas are open and airy, with gleaming hardwood floors throughout, custom lighting, and a cozy fireplace that's perfect for warming up on chilly nights. The bedroom wings are located on opposite sides of the homeowner's suite on one side and guest bedrooms on the other. There are two guest bedrooms, one guest bedroom has a crow’s nest. Two and a half additional baths service the rest of the home. The kitchen is a true chef's delight, with gorgeous granite countertops, high-end stainless-steel appliances, and plenty of storage space for all your cooking essentials. You'll love hosting family dinners in the adjoining dining area, which boasts large windows that flood the space with natural light. The kitchen is also open to a large family room. There is a side entry door with a keypad lock that opens to a mudroom and the kitchen. Entering the home you look across a formal living room. From the living room can step outside onto the cozy, covered deck and take in sweeping views of the surrounding neighborhood including the runway. You'll love spending lazy afternoons lounging in the shade of the deck. The deck is plumbed with propane for barbecues. Your comfort is assured with two electric air conditioning systems, two propane heating systems, and two whole-house fans. Ceiling fans help circulate the air allowing you to utilize mother nature’s natural cooling from the down flow of air off the mountains in the evening. A fifty-gallon gas water heater provides plenty of hot water. The built-in central vacuum system makes cleaning a breeze. Street entry to the home is a circular concrete driveway with a covered carport. The 4-car garage has finished walls with cabinets. Plenty of room for all your toys, storage, and hobbies. The driveway to the garage is concrete and extends around the home to the front of the hangar. The hangar has a large concrete ramp/approach for ease in turning your plane around. The hangar is 49.6’ X 32’ with an electric bi-fold door that is 43’ Wide and lifts to 11.8’ feet. There is a full bath in the hangar as well as a multi-purpose room to one side. Adjoining the hangar is a covered motor home parking pad with an RV dump hookup. The scissors lift stays with the property which makes maintenance much easier. Landscaping is low maintenance too. If aviation is a passion not just a hobby, then you have come to the right place where like-minded pilots and aviation enthusiasts choose to live – Pine Mountain Lake Airport – E45. Very active aviation/pilot community – move in today and start enjoying life with your plane. Located just minutes from local schools, shopping, and major highways, this home is a true gem on a residential airport. (Airport is county-owned and maintained) Don’t miss your chance to make it yours – schedule a showing today!" Close by are the stables, fisherman's cove, tennis courts and Lake Lodge swim area. The property is easily accessed off Ferretti Road which makes this a great location. Enjoy all that Pine Mountain Lake has to offer- swimming, boating, fishing, hiking, bicycling, skiing, tennis & pickleball, stables, gun range, campgrounds, and a terrific 18-hole championship golf course plus a country club for your dining and entertainment pleasure. Tuolumne County owns, maintains and runs the airport. Yosemite National Park is just 23 miles down the road. Stanislaus National Forest is nearby which may become the home to an international quality mountain biking trail complex. Above the fog and below the snow describes our area. At the 3000-foot level of the Sierra
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1998
MLS Number
20240329
Location
Address
20992 Iris Ct.
City
Groveland
State
CA
Zip Code
95321
County
TUOLUMNE
Listing
Provider
PAUL S BUNT REAL ESTATE, original listing
Name
PAUL S BUNT REAL ESTATE
Phone
(209) 962-5900
Office Name
PAUL S. BUNT, REAL ESTATE
Office Phone
(209) 962-6778
Agent Name
Larry Jobe

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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.