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974 Alexandra Drive
Corona, CA 92881
$2,075,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3930
Property Description
Luxury and comfort define this expansive single-story home located in south Corona. With almost four thousand square feet of living space and one-half acre lot, there's room for all. You’ll enjoy welcoming guests at the formal entry which opens to a magnificent living room and dining area, accented by soaring fourteen-foot coffered ceilings with backlit crown molding. Off the foyer, you’ll find a den, powder room, and inside laundry room. The gourmet kitchen was completely remodeled with no expense spared - custom Decora cabinetry with soft-closing drawers, and expansive marble counters. Thermador appliances including a six-burner gas range, double wall oven, and built-in refrigerator are a chef’s dream. And what gourmet kitchen would be complete without a walk-in pantry, built-in wine refrigerator, and Miele coffee station? The kitchen is open to a generous family room with a built-in media center, ample room for relaxing, and a separate area to accommodate a pool table for game nights. French doors lead to a covered outdoor patio highlighted by a fireplace. The island is a complete outdoor kitchen with a new top-of-the line Twin Eagles gas grill, refrigerator, two gas burners, and a bar area that easily seats eight. There's room for a pool and spa. For your weekend getaways, the gated RV pad with upgraded electrical outlets easily fits a 55-foot recreational vehicle. Back inside, the east wing of the home has four bedrooms. Two bedrooms are separated by a Jack and Jill bathroom. Bedroom three has its own private bathroom. And the primary suite offers the perfect retreat you deserve. The deluxe bathroom was remodeled with custom cabinetry, granite counters, and upgraded lighting. Luxuriate in the free-standing Bain Ultra bathtub with a distinctive faucet. The adjacent walk-in closet has a built-in closet system to maximize storage. Epoxy flooring and built-in cabinets highlight the three-car garage. Two sheds on the east side of the home provide additional storage. Other notable items include custom shutters and woven wood blinds, warm wood grain porcelain tile, a built-in vacuum system, new whole-house water softener, new 75-gallon water heater, and a new A/C compressor for the east side of the home. This amazing neighborhood is centrally located near award-winning schools like Susan B. Anthony Elementary and Santiago High. And a few blocks away are Santana Regional Park and Citrus Park. No HOA, no Mello Roos. Special Assessments are $303 per year.
Property Information
Lot Size
22,216 sqft square ft
Property Type
Residential
Year Built
2000
MLS Number
IV23126351
Location
Address
974 Alexandra Drive
City
Corona
State
CA
Zip Code
92881
County
RIVERSIDE (CORONA)
Listing
Provider
Coleman Group Real Estate, original listing
Name
Coleman Group Real Estate
Phone
(951) 285-4699
Office Name
COLEMAN REALTY GROUP
Office Phone
(951) 285-4699
Agent Name
KELLY NELSON

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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.