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1539 Rodeo Road
Arcadia, CA 91006
$8,680,000
Conventional
Property
Bedroom
7
Bathroom
9
Property Type
Conventional
Square ft
10977
Property Description
Welcome to the most distinguished and stately villa in Arcadia, situated in North Arcadia/ Highlands Oaks. This estate embodies Simple Sophistication of French Style, a testament to architectural excellence and craftsmanship. Revel in awe-inspiring views of the San Gabriel Mountains, complemented by a host of high-end amenities that together form a true work of art. This villa is 7 bedrooms and 9 bathrooms (main house plus guest house) with 4-car garage and sprawls 10,977sqft of opulent living space, resting on 0.68 acres of prime land. Every inch of this estate has been thoughtfully designed to provide an unparalleled living experience. As you pass the artisan-crafted double doors, a grand two-story foyer welcomes you with Italian marble floors, dazzling chandeliers and dramatic double wrought iron staircases. It sets the stage for the opulence that awaits within. The spacious living room features a 28 feet soaring high ceiling, adorned with inviting fireplaces that exude warmth and provide a captivating backdrop for unforgettable gatherings. Walking through the living room, you will find the exceptional Chef’s kitchen with high-end appliances, center-island, custom cabinets and top grade imported onyx countertops. The first floor also features formal dining room, designed wet bar, capacious family room, private screening room, en-suite bedroom decorated as a private office and deluxe primary suite with retreat. On the upper level, the opulent carpeted private retreat reveals a sunlit seating area with mini wet bar and French fireplace, featuring an exclusive balcony, a walk-in closet, luxury primary bath with separate stall shower, body spray jets, sauna and deluxe jaccuzzi tub. Three additional designed en-suite bedrooms including baths and walk-in closet. The fabulous outdoor paradise offers an open hardwood patio, fenced pool, heated SPA, guest house/pool house, water fountain and kids playground. The entertainment area creates a perfect space for relaxation and party with thatch-roofed hut and barbecue. The designed landscape of front yard and backyard plants blooming flowers, decorative shrubs and well trimmed trees. The swing dual steel gate and fence guarantees the home private and safe. This grand French style estate is a dream home that brings the best of elegance of luxury living.
Property Information
Lot Size
29,712 sqft square ft
Property Type
Residential
Year Built
2009
MLS Number
WS23207468
Location
Address
1539 Rodeo Road
City
Arcadia
State
CA
Zip Code
91006
County
LOS ANGELES (MID CITIES)
Listing
Provider
US National Realty, original listing
Name
US National Realty
Phone
(626) 382-1688
Office Name
Pinnacle Real Estate Group
Office Phone
(626) 888-9808
Agent Name
XUEMEI SUN

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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

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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.