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1477 Lynoak Drive
Claremont, CA 91711
$1,150,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1654
Property Description
STUNNING SINGLE-STORY HOME WITH VERSATILE DETACHED BUILDINGS. Discover the perfect blend of comfort and elegance in this exquisite single-story home, beautifully sited on a sprawling half-acre lot. As you approach, an expansive, custom-laid brick driveway leads to an attached two car garage. A brick walkway leads you through the front yard to the inviting covered front porch with tiled decking and stacked stone accents. Step through the front door into a cozy entryway, where peg and groove hardwood flooring extends into a spacious living room. The living room features a floor-to-ceiling brick fireplace, beveled windows offering serene views of the front yard, and elegant crown molding. French doors open to a covered patio, providing a seamless flow to the outdoor living area and a picturesque pool view. The remodeled kitchen, featuring custom inset cabinetry, stone countertops, travertine tiled backsplash, and top-of-the-line stainless appliances, including a built-in SubZero refrigerator, double convection ovens, and a six burner Viking gas cooktop. A convenient peninsula offers casual seating, perfect for morning coffee. A cozy breakfast nook with backyard access through sliding doors is at the back end of the kitchen. There are two spacious bedrooms with built-in bookcases and large closets with custom organizers. This home also offers a flexible third room—currently a record room—that could easily convert into a third bedroom with the addition of a closet. This space enjoys direct access to the back patio through charming French doors. Step outside to a backyard designed for entertainment and relaxation, featuring a sparkling pool and spa, multiple patio spaces with flagstone and brick decking, and mature landscaping. Extensive brickwork and a second gated driveway enhance the functionality, offering RV parking potential and easy access. Unique Additional Buildings: The property includes two detached buildings—a cozy guest house and a private office space. The guest house features new LVP flooring, crown molding, built-in bookcases, French doors, and a bathroom. The office offers carpeted flooring, rich wood paneling, a 10' sliding door, and a walk-in closet. Both spaces offer possibilities for conversion to ADUs, expanding their potential for rental income or multi-generational living. Located in a serene neighborhood, this home is not just a place to live but a potential hub for your home business or a retreat for guests.
Property Information
Lot Size
21,668 sqft square ft
Property Type
Residential
Year Built
1953
MLS Number
CV24066972
Location
Address
1477 Lynoak Drive
City
Claremont
State
CA
Zip Code
91711
County
LOS ANGELES (SAN GABRIEL VALLEY)
Listing
Provider
RE/MAX Masters, original listing
Name
RE/MAX Masters
Phone
(626) 967-1779
Office Name
RE/MAX MASTERS REALTY
Office Phone
(909) 445-8100
Agent Name
Nicholas Abbadessa

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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.