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3441 W Telegraph Road
Fillmore, CA 93015
$3,999,000
Conventional
Property
Bedroom
7
Bathroom
6
Property Type
Conventional
Square ft
6236
Property Description
Off a main highway; you enter a private road through a glen flanked by lemon and avocado groves and follow the concrete and brick lined path. You make one sharp curve and continue until you see flowering agapanthus. You arrive at the pinnacle of the rolling hilled valley where you see the country estate spread before you, "Villa Bellissima": more than 6200 square feet of living space. You park in one of two oversized garages. You have the choice of driving through the portico or parking nearby. Each garage has some of your prized collectable cars. On a moist morning, you can smell jasmine from nearby gardens and in spring , the fragrance of lemon blossoms from your own orchards fills the air. Your 44.7 acres are lush and the valleys are green. The home has so many amenities it is difficult to enumerate in the limits of an online description. You fill the bedrooms with family and friends and you enjoy the living room with 25 foot vaulted ceilings. You have a part of the home with a separate entrance that is used for either your special guests or your house manager. Your music fills up the rest of the home. You make plans for your private vineyard and your specialty brand of limoncello as you enjoy the cool water of the custom pool. Your walk-in closet, which is bigger than most bedrooms and has too much space for you and your spouse. The income producing orchards and farmland provide sustenance and you make plans to rent out the significant grounds for summer soirées so you can pass a few weeks in Paris. This is California life at its absolute finest. You are a 1/2 hour from the beaches of Ventura and about one hour from downtown Los Angeles. But the serenity, privacy and pace of life is so much better here. This is a magnificent Country Estate or a glimpse of a dream that is certainly within reach. Some details of the home: 1800 square foot master suite with 2 walk in closets and a private atrium. The master suite fits two king size beds and has an electronic panel that controls skylights and alarms. The pool home has 2 rooms and a bathroom. The home manager space has a family room and a bedroom. The home has 7 bedrooms and 5 bathrooms spread out from 3 structures. The 44.7 acres of groves earns $100k of gross income annually. There are an estimated 525 Lemon trees and 2,350 Avocado trees from an earlier count. (Any buyer needs to do their own due diligence on the orchard counts) --
Property Information
Lot Size
1,947,132 sqft square ft
Property Type
Residential
Year Built
1992
MLS Number
AR23061143
Location
Address
3441 W Telegraph Road
City
Fillmore
State
CA
Zip Code
93015
County
VENTURA
Listing
Provider
West Foothills Market Center, Inc, original listing
Name
West Foothills Market Center, Inc
Phone
Office Name
Keller Williams Realty
Office Phone
(626) 204-3300
Agent Name
Frank Ferguson

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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.