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2142 Penrose Lane
Fairbanks, AK 99709
$737,000
Conventional
Property
Bedroom
4
Bathroom
8
Property Type
Conventional
Square ft
6000
Property Description
Welcome to your dream retreat in the hills! This magnificent log home offers an expansive 6000 square feet of living space, perfectly designed for entertaining and comfortable living. Situated on a picturesque fully fenced-in 3-acre lot, this property boasts an expansive yard, views and a serene environment that will captivate you from the moment you arrive through the gated driveway. As you step inside, you'll be greeted by the inviting open floor plan, which seamlessly connects the main living areas. The spacious living room features vaulted ceilings and large windows that flood the space with natural light. Whether you're hosting a little gathering or grand parties, this home provides the perfect backdrop for memorable moments with family and friends. Indulge your culinary aspirations in the heart of this log home, where your custom kitchen awaits. This kitchen is a true masterpiece, boasting high-end appliances and ample space for all your culinary endeavors. The highlight of the kitchen is undoubtedly the three ovens, allowing you to prepare multiple dishes simultaneously with ease with the choice of electric or propane cooking. Gather around the large island, which serves as the centerpiece of the kitchen. With its generous butcher block countertop space, it provides an ideal area for meal preparation, serving, and casual dining. The island also features a convenient eat-in nook, creating a cozy spot for enjoying breakfast or quick meals with family and friends. For the ultimate entertainment experience, a large game room awaits you and your guests. Equipped with various recreational activities, this room is the ideal space for friendly competitions and endless fun. With four comfortable bedrooms and eight bathrooms, yes, you read that right, there is ample room for everyone to unwind and recharge. Perfect for privacy and convenience, the bedrooms feature their own private bathrooms and walk-in closets! In addition to the main living areas, this property also boasts several bonus rooms, perfect for customization to suit your needs. Whether you desire a home office, a fitness center, or additional bedrooms, these versatile spaces provide endless possibilities for you to create the home of your dreams. Let’s not forget about that indoor swimming pool! Imagine the convenience of enjoying a refreshing swim or a relaxing dip in the hot tub year-round, right in the comfort of your own home. This unfinished space offers you the canvas to design a private oasis surely to make this home one-of-a-kind. For those needing ample storage space, a four-car garage is here for you! This spacious area provides plenty of room for vehicles, recreational equipment, and additional storage needs. To top it all off, this remarkable property includes a detached shop with an unfinished two-bedroom apartment. Whether you desire a separate guest suite, a rental opportunity, or a private retreat for extended family, this versatile space offers endless possibilities. Don't miss the opportunity to make this extraordinary home your own!
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1965
MLS Number
154513
Location
Address
2142 PENROSE LANE
City
Fairbanks
State
AK
Zip Code
99709
County
FAIRBANKS NORTH STAR
Listing
Provider
Gold Standard Real Estate Services, original listing
Name
Gold Standard Real Estate Services
Phone
(907) 978-9545
Office Name
GOLD STANDARD REAL ESTATE SERVICES, LLC
Office Phone
(907) 978-9545
Agent Name
Bobby Desrochers

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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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.