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8416 Santa Clara Drive
Dallas, TX 75218
$2,950,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
5558
Property Description
SEARCH YOUTUBE FOR A VIDEO OF THIS HOME!! Welcome to 8416 Santa Clara in the sought after Forest Hills neighborhood in Dallas, TX. Sitting on nearly a .50-acre lot and boasting one of the most private backyards in all of Forest Hills as not one neighbor has a view into the backyard. A rarity in this neighborhood. Pride of ownership abounds as not only has this home's kitchen, main living area and the owner's suite recently had renovations completed in 2024, but many of the homes main mechanicals have been recently replaced or upgraded as well! New roof in 2023! 2021 = 3 new HVAC systems & a whole house tankless water heater system! Spray foam insulation and a mosquito misting system present (although the misting system is not currently connected). Also present is a wet bar and a 170-bottle wine grotto with the addition of a dual temperature zone wine chiller! The downstairs owner's suite overlooks the spacious backyard with views of large mature trees (and not houses)! The owners suite also boasts dual vanities in the bathroom, a freshly finished custom shower with dual shower heads, a stand alone tub sitting underneath a large, but private window, and dual closets! Also, downstairs is another bedroom and a full bath, but please know that this bedroom is separate from the owners suite as it sits on the other side of the house so privacy is maintained. Stepping into the family room, notice how the ceilings absolutely soar and allow in all the natural light! Also notice how the family room opens up and flows nicely to the breakfast and recently kitchen area! The kitchen is appointed with a Viking appliance package, loads of cabinets for storage, a large, single level island/breakfast bar area and a spacious walk-in pantry this kitchen is ready for YOUR entertainment events! There are 3 main living areas in this home. 2 downstairs and 1 upstairs. The upstairs living area is over the 2-car garage (there are 3 total) and far away from the owners suite. This upstairs living room/game room also features a wet bar area with an under-counter fridge. So please make a note with this upstairs living area/game room so far away from the owners suite, there should be no worries about noise from the second floor affecting the new resting owner of this home. Also upstairs are 3 large secondary bedrooms each with their own private en suite and large, walk-in closets. There are 1-2 studies/offices in this home depending on your use of the rooms. Also, there are 3 fireplaces on the property - 2 of them being inside, and 1 of them located on the 375 sq. ft. covered rear patio! On the topic of patios, there is also a small patio area on the front of the house (just off the formal living/study area), perfect for those afternoon breaks, or a relaxing coffee spot in the morning. The 3-car garage boasts custom wood doors and ceiling heights tall enough to accommodate car lifts, so the vehicle storage capacity could certainly go up if desired. Ideally located just to the east of White Rock Lake and the Dallas Arboretum, come take a tour of this beautiful home and lets imagine how this home could become your home for the next many years to come!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2009
MLS Number
20580291
Location
Address
8416 Santa Clara Drive
City
Dallas
State
TX
Zip Code
75218
County
DALLAS (WHITE ROCK LAKE)
Listing
Provider
Keller Williams Southlake- Dallas DFW (DRO Manage, original listing
Name
Keller Williams Southlake- Dallas DFW (DRO Manage
Phone
(817) 329-8850
Office Name
Keller Williams Realty
Office Phone
(817) 329-8850
Agent Name
Kevin Rhodes

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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.