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18454 Sw Salmonberry Dr
Sherwood, OR 97140
$1,895,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
4485
Property Description
This custom-built, single-level home sits on 2.04 private acres at the top of Parrett Mountain View Estates, a highly sought-after gated community in Sherwood, and claims some of the best panoramic views in the valley. New landscape lighting borders the drive up to the expansive property that is both impeccably landscaped and heavily wooded for ultimate privacy. The pillared entry leads to the main living space that features 10 ft lighted tray ceilings, Brazilian teak hardwood floors, and 16 ft sliding glass doors that lead to the nearly 1700-square-foot cedar covered and tiled terrace that highlights valley, city, and vineyard views, as well as picturesque views of St. Helens, Mt. Adams, and Mt. Rainier. Secluded on one side of the home sits the expansive primary bedroom with two walk-in closets, French doors to the oversized terrace, and the spa-like primary bath with a secret door that leads to the private home office that features gorgeous wainscoting and built-in bookshelves. The oversized gourmet kitchen has extensive Sapele mahogany cabinetry, as well as a large slab granite island, marble backsplash, and Corian counters. The breakfast nook and great room with a gas fireplace overlook the massive terrace and feature breathtaking panoramic views. Two additional oversized bedrooms with ensuites and walk-in closets, a laundry room, and a second pantry are all connected by the hallway leading to the oversized two-car garage with brand-new epoxy flooring, a workbench with extra storage, and a utility sink. The large theater room completes the home and features a 9 ft screen, surround sound, and a wet bar. Must see to appreciate how special this one is!
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2005
MLS Number
24652149
Location
Address
18454 SW SALMONBERRY DR
City
Sherwood
State
OR
Zip Code
97140
County
WASHINGTON (EAST)
Listing
Provider
Premiere Property Group, LLC, original listing
Name
Premiere Property Group, LLC
Phone
(503) 670-9000
Office Name
Premiere Property Group, LLC
Office Phone
(503) 670-9000
Agent Name
Steve Nassar

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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.