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1575 Weimer Road
Taos, NM 87571
$1,195,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2800
Property Description
Wow big value with our recent price reduction! Situated in the desirable Weimer Foothills this Luxurious Homestead features a stunning 3800 sqft adobe home and attached guesthouse, on 5.2 acres of beautifully curated gardens and land. As you enter through the landscaped brick courtyard, you will be welcomed into the formal living room with 14’ vigas ceilings, hard plaster walls, a large Southwestern fireplace and oversized Pella windows. The cook’s kitchen is large and inviting. The upscale appliances include a Wolf range, Subzero refrigerator and Miele appliances, custom cabinets and plenty of counter spaces, are just what’s needed when cooking for family gatherings or entertaining friends. The kitchen flows into the formal dining area, including a cozy kiva fireplace, and then onto the back patio overlooking the gardens. The patio, which also includes a kiva fireplace, is a wonderful area for entertaining, dining alfresco, or to enjoy the sweeping views overlooking town and our mountain range. The primary bedroom and ensuite bath is private, with a large soaking tub, separate shower, oversized walk-in closet, and access to the west patio. A light filled hallway with built-in shelves leads to two guest bedrooms and two more full baths. These spacious rooms can be bedrooms, or used for office space, or perhaps a yoga/workout room. Other notable highlights include large windows throughout the house allowing a flow of natural light, heated tiled radiant floors, extra large pantry/laundry room, custom cabinetry throughout, and a Kit Carson fiber optic connection. The home is Southwestern style at its finest. For more options, live in help, or mother-in-law quarters, the attached guesthouse includes a full kitchen, a private bedroom with bath, and a private entrance. The living area is spacious and bright, with a glass atrium for views and southern exposure. The well curated grounds include an abundance of healthy fruit trees, walled irrigated gardens, water catchment system with storage cisterns, and a large meadow area. The outbuilding, referred to as "The Treasure House” is an insulated 448 sq. foot structure, with 2 freezers and a refrigerator. A traditional root cellar is also included with electric, and temperature control, for food and other storage options. Did we mention that you can bring your horses, chickens, or goats, creating a boutique farmstead. This complete turnkey property is convenient to many hiking/biking trails, Holy Cross Hospital, and in-town shops and galleries. Exciting news...the world famous Taos Ski Valley is within a 30 minute drive. Call us for a private tour of this spectacular compound, and see the magic for yourself.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
111001
Location
Address
1575 Weimer Road
City
Taos
State
NM
Zip Code
87571
County
TAOS
Listing
Provider
TAOS PROPERTIES REAL ESTATE INVESTMENT, original listing
Name
TAOS PROPERTIES REAL ESTATE INVESTMENT
Phone
(575) 758-9500
Office Name
TAOS PROPERTIES REAL ESTATE INVESTMENT
Office Phone
(575) 758-9500
Agent Name
John Cancro

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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.