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6702 Wildlife Rd
Malibu, CA 90265
$8,495,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
3868
Property Description
This private and charming Point Dume mid-century ranch home is spacious and open, with wonderful indoor-outdoor flow, expansive front and backyards, a lovely guest cottage, and beach keys to Little Dume. The fully renovated single-level home with 3 bedrooms and 3.5 bathrooms and the guesthouse with 2 bedrooms and 1 bathroom, are set on an acre of property with gates and privacy hedges, gorgeous gardens, mature trees, and two driveways providing ample space for multiple vehicles. The interior features high beamed ceilings and hardwood floors, a huge stone fireplace in the living room, a spacious dining room, and a beautifully equipped kitchen with an island, wood countertops, bar seating, and loads of cupboards and storage space. The living room opens to the back deck, while the dining room and kitchen open onto the side deck. Off the entry, a barn door in the hallway opens to the laundry room, and another opens to the powder room. Further along the hall are three en-suite bedrooms, including the primary suite, which has a huge closet and a marble-tiled bath complete with a fireplace. At the front of the house, the sensational grounds feature a circular drive, two fountains, a small gazebo, an outdoor dining area, a generous lawn, and a welcoming front porch that looks out at an enormous fragrance and flower garden with meandering pathways. At the side of the house, a large deck provides an outdoor living area for relaxed evening entertaining. The deck wraps around to the covered back porch, which has a sitting area, and the backyard provides additional areas for seating and recreation, plus a Caldera spa. The home's second driveway opens at the back of the house, with room for six or more vehicles, and a shed. Flagstones in the back lawn lead to the air-conditioned guest cottage, which has a wooden front deck, a large living room with high, beamed ceilings, a gorgeous kitchen, and two bedrooms. Behind the guest house is a surfboard rack and an outdoor shower. More than just a home, this private compound is a tranquil getaway for easy Malibu living and entertaining. Available for lease at $30,000 per month.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
--
MLS Number
24-351953
Location
Address
6702 Wildlife Rd
City
Malibu
State
CA
Zip Code
90265
County
LOS ANGELES (SANTA CLARITA)
Listing
Provider
Name
Compass
Phone
Office Name
Compass
Office Phone
(310) 230-5744
Agent Name
Christopher Cortazzo

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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.