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864 Spruce Way
Kamas, UT 84036
$2,995,000
Conventional
Property
Bedroom
4
Bathroom
6
Property Type
Conventional
Square ft
5421
Property Description
864 Spruce Way brings a luxury modern flair to the market that truly breaks the mold in Kamas Valley. Standing tall on a scenic corner lot in the Wild Willow subdivision, this 4 bedroom, 6 bathroom modern masterpiece looks out over mountain valley views from a wraparound backyard on .75 acres. Cool and warm tones perfectly balance each other in this expansive open floor plan where kasha marble coat floors meet towering gray stone walls. A prominent board form cement fireplace commands the attention of the main foyer as floor to ceiling glass windows bathe the room in natural light from the front and back of the home. An open upper loft looks into the main foyer above a sleek modern design kitchen where a black oversized kitchen countertop compliments dark ZLine appliances, champagne gold fixtures, and warm walnut cabinetry. A formal dining alcove completes the room looking out of lofty windows above a walnut banquet. The main level features two oversized primary suites, one with its own fireplaces, walk in closets, and incredible valley views. The luxurious venetian plaster bathrooms feature large walk-in showers, free-standing onyx black bathtubs, and floating concrete trough sinks. The floorplan flows through high ceilinged hallways to office space, and laundry room, with the main foyer opening out onto a covered patio- perfect for evenings of conversation by the fire enjoying mountain vistas. Contemporary floating cable walnut stairs lead from the main room to the upper loft. The top floor winds around to a third bedroom en-suite, secondary staircase, and open living area with a full kitchen, fourth bedroom, and walk out deck with hook ups for grilling outside and enjoying panoramic mountain views. This space lends itself perfectly as a lock-off apartment with rental opportunities. The main home features its own three car garage and the detached large barn accommodates extra toys from boats, to RV's, through oversized garage doors. Complete with charging ports, and heating, this barn is the ultimate addition. This unique home has a commanding presence starting with the impressive modern exterior, and emanates from each of the hand picked interior finishes that tie the design together with sultry modern flair.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2024
MLS Number
12400774
Location
Address
864 Spruce Way
City
Kamas
State
UT
Zip Code
84036
County
SUMMIT
Listing
Provider
Christies International RE PC, original listing
Name
Christies International RE PC
Phone
(435) 640-1900
Office Name
Christies International RE PC
Office Phone
(435) 649-0891
Agent Name
Chloe Johnson

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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.