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10379 Mcmahon
Coulterville, CA 95311
$950,000
Conventional
Property
Bedroom
2
Bathroom
3
Property Type
Conventional
Square ft
2857
Property Description
This home is a custom-built home in the heart of Greeley Hill. The home is an open floor plan that features 2857 sf. with two bedrooms, one is a master suite with a large bathroom and a walk-in closet. There is a large Sunroom off the kitchen with a full bathroom that could be made into another master suite with its own entrance. The second bedroom has an entrance to the bathroom and one from the hallway. Wood floors are in most of the home and tile is in the kitchen. There is a floor-to-ceiling fireplace in the family room with sliding glass doors on each side of the fireplace. The kitchen is large with an abundance of cabinets, double ovens, a wine cooler, and a large walk-in pantry, along with an inside laundry room. The deck has been added in the front yard and has been extended around the back of the home, so you have a beautiful deck off the family room and master bedroom. The home is equipped with a new propane generator so you will never be without electricity in this home. The area is updated with excellent internet service if you are wanting a place to relax or work remotely from home this is a great Get-A-Way place to live. The property is on 56 + acres with room for long walks. There is a seasonal stream on the property also. There is a smaller second home on the property with its own new propane generator and a metal warehouse with a concrete foundation to store all your toys, RV, boat, motorcycles, or to use as a shop. Did I mention it has a greenhouse, water softener, whole house vacuum, and central heater and AC! This is a one-of-a-kind home, with too many features to list.
Property Information
Lot Size
57 acre(s) square ft
Property Type
Residential
Year Built
1982
MLS Number
20230052
Location
Address
10379 McMahon
City
Coulterville
State
CA
Zip Code
95311
County
MARIPOSA
Listing
Provider
Realty Executives of Northern California, original listing
Name
Realty Executives of Northern California
Phone
(209) 358-8500
Office Name
Realty Executives of Northern California
Office Phone
(209) 358-8500
Agent Name
Genine Esparza

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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.