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1940 Silver Tip Drive
Tahoe City, CA 96145
$2,880,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
3019
Property Description
A Sanctuary to Celebrate! Set on a large corner lot that backs to forest with trails to Page Meadows and beyond, this property offers great southern exposure for all day sun and privacy of the open space behind. Expansion doubled the square footage to 3019 sq ft with 5 bedrooms and 4.5 bathrooms updated in celebration of nature's elements: wood, metal, water and air. The spacious 23 x 23 garage is wired for electric car charging capability and equipped to store plenty of Tahoe Toys. Crafted for entertaining, there's a chef's kitchen with gourmet appliances complimented by a 6x6 live edge granite island. The dining room comfortably accommodates 12 with 'up' lighting and built-in bar area. The dining room leads to a private deck facing the forest with custom gas firepit that was forged in Montana by the same craftsman who created the custom railings in the recent update of this home. Four of the bedrooms offer private balconies and access to the outdoors. The primary suite offers an escape of its own with south and west facing windows, a balcony, exposed wood beam ceiling, custom closet system, and antiqued wood vanity with double copper sinks and spacious steam shower with bench seating and rain head shower and Rainforest Marble. The fifth bedroom which is currently being used as a den, offers an en-suite bath and slider to covered deck with mineral water hot tub. There's a bonus/flex area off of the entry which could be a separate family room but currently used as an office and fitness area with views and access to the forest right out the door. This property offers plenty of parking and landscaped grounds with a custom-built detached storage building. Don't forget the HOA amenities with buoys for your boat! With access to the coveted Tahoe Park Beach HOA, you can also enjoy over 3 acres of lakefront living moments away. Enjoy World Class Skiing for downhill adventure without the traffic commute to Truckee.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
--
MLS Number
20240443
Location
Address
1940 Silver Tip Drive
City
Tahoe City
State
CA
Zip Code
96145
County
PLACER
Listing
Provider
West Lake Properties at Tahoe, original listing
Name
West Lake Properties at Tahoe
Phone
(530) 583-0268
Office Name
West Lake Properties at Tahoe
Office Phone
(530) 583-0268
Agent Name
Wendy Poore

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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.