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1221 E Sierra Madre Avenue
Glendora, CA 91741
$2,750,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
4911
Property Description
Discover unparalleled elegance in this custom-built, single-story residence, uniquely nestled behind its own gated driveway in a setting of meticulously maintained landscapes. A sweeping driveway leads you under a porte-cochere, connecting the main home (4,458 ft.²) to a charming guest house (453 ft.²) plus an additional loft. The residence welcomes you with a spacious covered front porch that opens through double entry doors into a grand foyer. Inside, the attention to detail is immediately apparent with extensive crown molding, custom paneling, and thoughtfully designed built-ins throughout. The living room features engineered hardwood floors, a custom bar, and panoramic sliding doors that frame the picturesque backyard. A cozy family room boasts a wall of built-ins and a fireplace with an elegant white marble finish. The kitchen is a masterpiece of design, equipped with custom cabinetry, high-end Wolf appliances, a Sub-Zero refrigerator with matching cabinet doors, quartzite countertops, and a central island with seating and twin chandeliers. It opens seamlessly into a breakfast nook and the family room, perfect for casual dining and gatherings. A formal dining room showcases exquisite custom millwork, ideal for more sophisticated entertaining. Adjacent to the entry, an office/library with ample built-ins serves as a potential fourth bedroom. The primary suite is a retreat of luxury, complete with a tray ceiling, chandelier, and an opulent bath featuring antiqued cabinetry, a double shower, and extensive marble finishes. Two additional bedrooms share a Jack and Jill bathroom, enhancing family convenience. The property also includes a finished two-car garage attached to the main house, while the guest house offers a quaint porch, a warm interior with a fireplace, kitchenette, and a spiral staircase leading to a loft. It also offers a full bathroom and an oversized finished garage with direct access. The backyard is an entertainer’s paradise, featuring a 900 ft.² pool house with potential for conversion into an ADU, complete with full HVAC, luxury vinyl plank flooring, built-in cabinetry, and multiple French doors gazing into the backyard. The pool and spa area, surrounded by lush greenery and concrete decking, includes a built-in barbecue, a fireplace and smoker, and a covered patio that spans along a diamond-cut walkway, evoking the ambiance of a luxury hotel. A separate gated driveway provides ample space for RV parking and easy access to the backyard.
Property Information
Lot Size
38,475 sqft square ft
Property Type
Residential
Year Built
2000
MLS Number
CV24097989
Location
Address
1221 E Sierra Madre Avenue
City
Glendora
State
CA
Zip Code
91741
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.