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1601 Coyote Drive
Murphys, CA 95247
$726,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
1876
Property Description
Welcome to 1601 Coyote Drive, an idyllic oasis in the charming foothills town of Murphys. This location is hard to beat: situated at the end of the street on a peaceful cul de sac, you will drive past picturesque vineyards during the short distance, under two miles, to downtown Murphys with its many wonderful restaurants, shops, and wineries. The home is less than a half mile (within walking distance!) to the Indian Rock winery and tasting room, and is in the desirable Murphys Ranch subdivision consisting of only a few dozen homes on 1/2 to 1 acre sites with zero HOA dues; there is no homeowner's association. This particular home is on one of the best lots, at the end of Coyote Drive, set back from the street and backing up to a large 8+ acre privately owned parcel that has a home built on the opposite side, not even in sight. This means you have many of the benefits of large acreage (privacy, privacy, privacy) without any of the financial obligations or maintenance responsibilities. From the vantage point of your large relaxing rear deck surrounded by gorgeous trees, there are filtered views of a pretty little pond (not a public pond) which sparkles in the afternoon sun. The house itself is a rare find, too; built in 2006, it is newer construction than most of the neighborhood and was built with great love and care for the builder's own family. It boasts two-by-six well-insulated walls, a presidential roof, a single-level easy-access floor plan, central heat and a/c, and two nearly flat driveways that can accommodate cars, boats, and RVs galore. The first driveway leads to the home's attached two-car garage; the second driveway runs adjacent to the home's sub-area which offers tons of extra storage. The .57 acre lot has mostly low maintenance landscaping (great for second homes or vacation rentals) but there is plenty of room for gardening enthusiasts to transform it further if desired. Stepping inside the house, you are drawn immediately toward the wall of windows in the open-concept great room that overlooks nothing but trees and nature. There is not another home in sight from these windows, so no need for window coverings! The home's layout includes a master suite with full bath, an oversized guest bedroom/office and second full bathroom, and a bonus room (used by prior owners as a third bedroom) with a third full bathroom. The current owners have added to the home's appeal with numerous updates/remodeling throughout the home during their five-year ownership...too many updates to list here. (Ask agent for the list.) This one must be seen to appreciate. Pride of ownership is evident throughout. Shown by appointment only, to prequalified buyers.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2006
MLS Number
202400537
Location
Address
1601 Coyote Drive
City
Murphys
State
CA
Zip Code
95247
County
CALAVERAS
Listing
Provider
Amy C. Avenatti, original listing
Name
Amy C. Avenatti
Phone
(209) 297-3151
Office Name
Amy Avenatti Real Estate
Office Phone
(209) 297-3151
Agent Name
Amy Avenatti

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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.