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551 N Woodland Rd
Saratoga Springs, UT 84045
$850,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
Spanning nearly 5000 square feet with no backyard neighbors and expansive sunset views, this is the one you've been waiting for. As this home was built, the sellers lovingly selected the perfect 1/3 acre lot and $135,000 worth of upgrades worthy of a forever home. Yet an out-of-state job opportunity for the sellers opens a door for YOU to call this place home. The covered front porch with mountain views welcomes you inside to an expansive entry way, 9 foot ceilings, and a family room that could make a great office, library, or music room as well. The light-filled great room with high ceilings, a fireplace and oversized windows is sure to become the go-to spot for gatherings. Preparing fun dinners will be a breeze in your gourmet kitchen with true double ovens, gas range, an abundance of counter space with an extended island, and a walk-in pantry. Each meal will be enjoyed with breathtaking views of the west mountains through your tall sliding glass doors. This smartly designed floor plan offers a luxurious main floor owners suite, with tray ceilings and those same gorgeous views that you will never get tired of. The spa-like ensuite gives room to stretch out and breathe, with dual sinks, separate tub and shower and a large walk-in closet with its own included washer and dryer. As you make your way upstairs -noting the gorgeous railing on the way- you'll find a nice sized loft and three bedrooms, each with their own walk-in closets. One of the bedrooms even connects to the bathroom and has its own sink! The hardest decision you make in this whole process might be deciding who gets that room! Laundry day will be easy in your huge laundry room with lots of cabinets, conveniently located upstairs with the bedrooms. There's room to grow at your own pace into the unfinished basement, which also features 9' ceilings. This home offers an ideal location in a rapidly growing and sought-after area, yet far enough away from the busy hustle and bustle to relax. It's not always easy to find a home with a 3 car garage with an EV charger in this price range, and this one has it! Picture this: It's a warm summer night a couple months from now. You had a fun day at Saratoga Springs annual summer festival, and now you're relaxing together in your private hot tub, watching the beautiful unobstructed sunset views and eating a bowl of your favorite ice cream. You'll smile to yourself and pat yourself on the back for making this place yours! Reach out to the listing agent or your favorite Realtor for a private showing today, or we'll see you at the open house!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2022
MLS Number
1993508
Location
Address
551 N WOODLAND RD
City
Saratoga Springs
State
UT
Zip Code
84045
County
UTAH (COUNTY NORTH)
Listing
Provider
Re/Max Results - Orem, original listing
Name
Re/Max Results - Orem
Phone
(801) 221-2600
Office Name
Selling Utah Real Estate
Office Phone
(801) 221-2600
Agent Name
Bryan Crown

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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.