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5979 Tapadero Street
Angels Camp, CA 95222
$439,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1358
Property Description
Escape to your own serene paradise nestled in the heart of nature. The home is being sold for the first time ever and was built with love. This idyllic retreat offers a blend of rustic charm and modern comforts and is perfect for homesteading or as a great place to escape the big city. The long driveway is gated and has a seasonal creek that passes under it before meandering thru the mature trees which sets the home back off the road for privacy. As you drive in there is a single car garage and additional buildings that could act as a shop or for storage and space for projects. Once you step inside the home you'll notice the freshly painted interior, high beamed ceilings and natural light from the large windows and sliders that take you out onto the deck that overlooks the pond. Imagine savoring your first cup of coffee while observing the wildlife to help reconnect and rejuvenate your soul. There is a cozy wood burning stove for those cold winter days but the previous owner has also added mini splits for efficiency. Having the 20 acres fenced and cross fenced gives ample room for animals, gardening or your imagination. The well was drilled to 50 ft and the pump sets at 40 ft and is approx. 30 GPM. There are some corrals and hay storage areas below the home along with a loading chute at the far end of the property that the previous owner used for cattle and sheep. When the pond is full it covers approx. 2.6 ac ft and holds almost 850,000 gal. per the Water Resources Control Board and requires new owners' to apply for the water rights application to continue guardianship over the resource. This property is just waiting for its new owners to take over and enjoy all that it has to offer.
Property Information
Lot Size
20 acre(s) square ft
Property Type
Residential
Year Built
1977
MLS Number
202400142
Location
Address
5979 Tapadero Street
City
Angels Camp
State
CA
Zip Code
95222
County
CALAVERAS
Listing
Provider
RE/MAX GOLD - COPPEROPOLIS, original listing
Name
RE/MAX GOLD - COPPEROPOLIS
Phone
Office Name
RE/MAX Gold - Copperopolis
Office Phone
(209) 753-0410
Agent Name
Rebeca Conner

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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.