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4601 N Foothill Dr
Provo, UT 84604
$2,500,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
Incredible, one of a kind Foothill Estate on nearly one acre with breathtaking views and artisan craftsmanship. Tucked away in the Hillside Oaks community, this home is a private, natural paradise built for a high level of entertaining. Walk through the arched, solid wood front door into the grand entrance with marble columns, vaulted ceilings, and decorative chandeliers. Enter the magnificent family room with hardwood floors, thirty foot ceilings, elegant wood beams, a stone fireplace, and built in bookshelves. Retreat to the luxurious kitchen complete with new marble countertops, stone farmhouse sink and backsplash, Viking appliances, and a walk-in pantry. The spacious dining room is filled with natural light surrounded by wood windows on three sides. The master suite is built for royalty with a roomy sitting room, 12 foot gas fireplace, and more chandeliers. The palatial walk-in closet includes custom cabinetry up to the ceiling and a large marble island. The master bathroom features a centerpiece bubble bathtub, a relaxing steam shower, heated tile floors, and convenient washer/dryer hookups. A beautiful second main floor master suite is a perfect room for guests or children to stay. On the north side of the home you will find a second grand entryway with vaulted ceilings and an elegant hand carved staircase. The conveniently located, walk-in laundry room with granite countertops and a farmhouse sink completes the main floor. Entertain or relax upstairs in the expansive theater room with vaulted ceilings, a performing stage, more custom woodwork, and a separate kitchenette. Upstairs also includes 2 more bedrooms and a bathroom. Step onto the refined stone patio with built in Viking grill and awe-inspiring 180 degree views all the way across Utah Valley to the west mountains. You will enjoy your private backyard surrounded by a lush forest, and flowing waterfall that often gets wildlife visitors from the mountains. You will never need to worry about storage with the spacious 3-car garage, extra garage storage rooms, and more storage space under the home accessible from the garage. Say goodbye to snow on your driveway with this home's heated driveway system. Thick wooden crown molding and baseboards along with fresh paint throughout the home. This premier location is just minutes away from everything you need. Walking distance to the Bonneville Shoreline Trail, Sherwood Hillside Park, Canyon Crest Elementary School, and the Shops at Riverwoods. Just a few minutes to BYU, Provo Canyon, the Sundance Resort, and dozens of restaurant and shopping options. You won't want to miss this remarkable home. Come see it today!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2006
MLS Number
1981554
Location
Address
4601 N FOOTHILL DR
City
Provo
State
UT
Zip Code
84604
County
UTAH (COUNTY SOUTH)
Listing
Provider
Redfin Corporation, original listing
Name
Redfin Corporation
Phone
(801) 613-7062
Office Name
REDFIN CORPORATION
Office Phone
(801) 613-7062
Agent Name
Samuel Brinton

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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.