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8524 La Sierra Avenue
Whittier, CA 90605
Joann Luft with Coldwell Banker Alliance, original listing - (562) 945-2221
$3,999,999
Conventional
Property
Bedroom
5
Bathroom
Full: 2, ½: 2, ¾: 2
Property Type
Conventional
Square ft
7272 Square Feet
Property Description
This traditional Spanish Style Estate is nestled in the heart of Friendly Hills. Behind private electric gates, this gem is like coming is to your own private resort. Surrounded by luxury, beautiful landscaping and relaxed retreats, it showcases the finest features and is built with exquisite materials and craftsmanship . The entry has a hand painted domed ceiling, custom iron and glass door and the floor has porcelain medallion. It features 10 ft. ceilings, solid wood 8 ft. doors, baseboards/crown molding. Graced with Italian porcelain floors and beautiful arches throughout the main floor, it has 5 bedrooms and 5 1/2 baths. The main suite is private and the entry is through a long hallway. The suite has a tray ceiling, walk-in-closet, balcony, bath has Jacuzzi tub, arched custom shower, natural stone and dual sinks. Second en suite has a walk-in-closet, built-ins and bath has granite counters. A third bedroom has mirrored closet, fan and connects to a balcony. Guest bath has a tub/shower combo with travertine tiles. Two bedrooms downstairs share a bath. There are stair cases with beautiful Mexican tiles. The living and dining room have an open floor plan with wood accents and a hand painted niche. The family room has a stone fireplace, built ins, wood blinds and windows overlook a rose garden. The gourmet island kitchen has top-of-the-line stainless steel appliances with a Viking 8 burner stove with 2 ovens, one full and a 1/2 size, Viking hood, wall oven, Viking refrigerator, bronze pot filler, custom made knotty elder wood cabinets with Brazilian granite, breakfast area and a walk-in-pantry. The office has Pella double doors and wood blinds. The spiral staircase has Travertine with wrought iron railing and custom curved wood paneling. It leads to the bar/pool table room with tailor-made bar, Mexican ceramic sink and has its own balcony with a view. There is an extra room off the garage for your hobby/gym. It has a pebbled saltwater pool, grotto, waterfalls, spa, water-slide and pool house. It has a basketball/sports court, gazebo with outdoor kitchen with a fire ring close by. Other features includes: 3 ac/heating units, 2 mini split units, recessed lighting, intercom, ceiling fans, skylight, solar lights and natural light double pane windows, large laundry room with cabinets and sink, wraparound driveway, covered parking area, garage and storage areas. Enjoy peek-a-boo-views of the skyline and sunsets. THIS IS A MUST SEE!! ABSOLUTELY STUNNING!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2014
MLS Number
--
Location
Address
8524 La Sierra Avenue
City
Whittier
State
CA
Zip Code
90605
County
LOS ANGELES (SOUTHEAST COUNTY)
Listing
Name
Phone
(562) 577-9961
Office Name
Office Phone
(562) 945-2221
Agent Name
Joann Luft
Agency Phone
(562) 945-2221

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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.