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22411 Lakeview Heights
Sonora, CA 95370
$1,350,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3243
Property Description
This is it! This Spanish-Mediterranean home sits on top of a hill with gorgeous views from the open living space, Kitchen and the Master Suite all the way to New Melones Reservoir! The 9.83 acres is dotted with Palm trees that were cleaned up recently. It has a fenced off pasture, as well as an additional area fenced behind the home for domestic animals. As you walk through the front door, your eyes are instantly drawn to the view. Step out to the covered patio that is complete with tiled flooring to enjoy outside entertainment, the stunning views, or head down to the pool deck. The pool is covered by the turn of a key w/ automatic cover, and was recently upgraded to a salt water system. The kitchen offers Granite counter tops, stainless steel appliances, ample storage with a pantry and a butlers pantry (that is wired to the transfer switch for your generator) a center island with a hanging pot rack, sub zero refrigerator, a built in secretary desk and stands out with a custom mural painted by a local artist. The Large Master Suite has its own set of views and can be warmed by the propane stove that elegantly stands in the corner. The master bath has a vanity, dual sinks, a closeted toilet, a garden tub with a separate shower and a large double sided walk in closet. You won't want to miss the large laundry room with tons of storage, closeted racks for your table cloths, a built in ironing board, a small utility sink, and plenty of counter tops for folding. On the opposite side of the home you will find a Jr. Master suite with a newly remodeled bathroom, a 3rd bedroom with a bathroom that opens to the hall and the 4th bedroom. The attached Garage has over 1400 sq ft of space with a work bench and storage cabinets. The home has owned Active Solar, a transfer switch for a generator, and RV parking. The pony walls in the Living space have water plumbed in the top if you wanted to have plants in the planters and lights to accent them. There are skylights that add extra light to the home and the Spanish style tiles have paw prints from curing on the ground in the sun, these are said to be lucky. There are new Hunter Douglas window coverings in the kitchen, dining room, living room, and master bedroom. Located close to the Historical Columbia State Park where you can easily enjoy all the local eateries and shopping. Call us to see this house today!
Property Information
Lot Size
9 acre(s) square ft
Property Type
Residential
Year Built
1992
MLS Number
20240513
Location
Address
22411 Lakeview Heights
City
Sonora
State
CA
Zip Code
95370
County
TUOLUMNE
Listing
Provider
Nathan Milnik Real Estate, original listing
Name
Nathan Milnik Real Estate
Phone
(209) 588-3778
Office Name
Nathan Milnik Real Estate
Office Phone
(209) 588-3778
Agent Name
Nathan Milnik

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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.