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29432 Sw Baker Rd
Sherwood, OR 97140
$1,495,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
4010
Property Description
This desirable Clackamas County property is perfect for those who prefer privacy, yet want to be a short drive from major grocers, restaurants, and entertainment. It features four sunny, flat acres, perfect for gardening or pasture land, and is in an Exclusive Farm Use (EFU)zone which ensures that no subdivisions will be sprouting up nearby for the foreseeable future. The house is unique, with exposed post-and-beam construction throughout, high vaulted ceilings, and gorgeous hardwood floors across the main and upper levels. Ample natural light keeps the house feeling airy even on cloudy days. The primary bathroom has beenremodeled with a custom-tiled shower and top of the line fixtures giving it a spa-like feel. The primary bedroom leads to a private deck. There is a second bedroom upstairs, and a bedroom (or perhaps office) and half-bathroom on the first floor. The kitchen features custom wood cabinets, stainless steel appliances, and quartz countertops, with a generous island. The newly remodeled basement has its own separate sleeping areas, bathroom, and living space with a wine refrigerator and wet bar, allowing for intergenerational living arrangements. A propane generator ensures that the power will always stay on. A water treatment system services theentirety of the main house and garage building. A full list of amenities is available.Above the garage is a 900 square foot space with new, custom, Renewal by Anderson windows and a kitchenette. The only limit to the use of this space is your imagination; options include a home office, a gym or dance studio, a homeschool classroom, or a teenager get-away space.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1987
MLS Number
24257906
Location
Address
29432 SW BAKER RD
City
Sherwood
State
OR
Zip Code
97140
County
WASHINGTON (EAST)
Listing
Provider
EXP REALTY LLC, original listing
Name
EXP REALTY LLC
Phone
(888) 814-9613
Office Name
eXp Realty, LLC
Office Phone
(888) 814-9613
Agent Name
Evan Nelson

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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.