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1632 E Autumn Drive
West Covina, CA 91791
$1,098,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2016
Property Description
First time on the market since 2007 and has everything you want. Arguably the nicest house on the street and situated on a lot that won't disappoint that backs up to a wooded hillside. In the backyard is a swimming pool that was newly resurfaced. Pool also has hot tub that cascades into pool. Everything in the home has been updated. You won't see a master bedroom in a 1956 built home that rivals this one. In 2015 a new addition was added that doubled the size of the master bedroom that overlooks the pool as well as a modern 3rd full bath was built into the master bedroom. The shingled roof was upgraded to a tiles. Two bedrooms are carpeted but the entire rest of the house has tiles. The living room, dining room, and kitchen had 2 walls removed which opened up the entire living area into one great room. Laudry which previously was in the kitchen was moved into a laundry room in the hallway to the bedrooms. There are two full bathrooms in the hallway plus a 3rd full bath in the master bedroom. There is an additional room on the back of the house that also overlooks the pool and the woods that can be used as a rec room, a tv room, an office, or even a 4th bedroom and has additional storage in an above are that is covered with sliding doors. There are 3 doors on the back of the house that lead to the beautiful back yard. There is a covered patio off the back of the house that protects you from sun and rain. Most of the back yard other than the pool was on a hill side slope but extensive retaining walls have been built throughout offering several flat areas that currently have a second sitting area outside surrounding a fire pit. This home will not disappoint in any fashion.
Property Information
Lot Size
8,150 sqft square ft
Property Type
Residential
Year Built
1956
MLS Number
CV24078403
Location
Address
1632 E Autumn Drive
City
West Covina
State
CA
Zip Code
91791
County
LOS ANGELES (SAN GABRIEL VALLEY)
Listing
Provider
Keller Williams Covina, original listing
Name
Keller Williams Covina
Phone
(626) 966-3641
Office Name
KELLER WILLIAMS COVINA
Office Phone
(626) 966-3641
Agent Name
Brian Schweinhagen

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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.