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9318 Chaparral Road
Canoga Park, CA 91304
$1,399,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2289
Property Description
Located in the Santa Susana Mountains sits this meticulously remodeled home with no expense spared. The mountainous views that surround this half an acre property are breath taking, and the home itself offers a luxurious lifestyle with a touch of art. As you enter the home and are greeted at the mirrored foyer, you will immediately notice the wood floors that continue throughout the hallway and the bedrooms. In the living room, you will find a gorgeous fireplace set to be the focal point of the room and renovated with a single, large piece of natural-marble stone set to achieve a seamless and uninterrupted look. It is also illuminated to enhance the look of this piece of art. This room has many details that can't go unnoticed including the Italian-tiled floors that continue through the dining room, family room and kitchen, recessed lighting, and crown moulding. Step down into the dining area, there you will be greeted by large, sliding-glass doors that lead you to a spacious balcony and a second fireplace that has also been enhanced with Marbella stone and capri-bone tiles. The hearth is wrapped in Gaugain Art Series tiles. This fireplace adorns both the dining and family room. The family room also offers a magnificent view and has beautiful wood beams on the ceiling. Following this room is the kitchen is one to marvel at complete with new cabinets with self-closing hinges, quilted-colored of decorative tiles sits as the backsplash, an extra-large farmhouse sink, a pot-filler faucet mounted over the stove, and all natural stone countertops which also sit on the kitchen island with a waterfall feature. The kitchen is complete with a minibar enhanced with Daltile Lavaliere, a black antique mirror, a faucet and sink, and a glass-door refrigerator.
Property Information
Lot Size
22,018 sqft square ft
Property Type
Residential
Year Built
1979
MLS Number
SR24025869
Location
Address
9318 Chaparral Road
City
Canoga Park
State
CA
Zip Code
91304
County
LOS ANGELES (SAN FERNANDO VALLEY)
Listing
Provider
Coldwell Banker Residential Brokerage, original listing
Name
Coldwell Banker Residential Brokerage
Phone
(800) 500-4053
Office Name
Coldwell Banker Realty
Office Phone
(818) 222-0023
Agent Name
Zack Saab

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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.