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7841 Reche Canyon Road
Colton, CA 92324
$1,500,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
3061
Property Description
Two on a lot horse property- Horse family dreams and memories are made here! If you're a beloved horse owner take it from another beloved horse owner this property offers what we desire. In my opinion the mare motel alone is worth its weight in gold with 9 overside 24x24 stalls. As for you (the new owner) the main adobe house was built to last with high quality upgrades including a newly renovated kitchen boasting state of the art stainless appliances, custom cabinetry with soft touch pull out drawers and tons of storage, beautiful 36" stainless commercial stove/oven, under cabinet lighting, oversized island W/ USB ports and more. Did I mention the beautiful stainless farm sink, gorgeous counters, or wonderful custom flooring, recessed lighting throughout? The living room has one of the finest fireplaces I've seen with hand chiseled stone and 'oh my' the view right out your beautiful windows, who needs T.V... The bedrooms are high fashion with a touch of greatness, including mirrored closets, ceiling fans, and again that fabulous "real deal" flooring that you'll find throughout the home. Except for the bathrooms that have their own touch of class and again fully upgraded. The main hall bath has knock out stone flooring that continues into the beach entry shower and incases the shower stall as well. There is also a huge room down the hall that is used as an office/TV room, but it also has a lovely bathroom attached and could absolutely be used as a master bedroom, office, mother in law quarters (because it has its own separate entrance and closet) or? And yes there is inside laundry. But wait, there's a whole other house and its lovely too, offering vaulted ceilings, two bedrooms, two bathrooms, attached 3 car garage and ready for move in. Each home offers their own separate fully fenced back yards. However lets get back to the fun part of the horse property, because something I appreciate as a horse owner/lover is the great footing in the arena and the fact that the entire property is fenced and secure, including a beautiful custom designed front electric gate with horses of course and a state of the art gate opener that you can control from anywhere around the world. There are custom designed cement steps with horses etched in leading to the main house, covered RV parking and hookups, paid solar, on going pest control, a total of 7 garage spaces, or turn one into a workshop, fruit trees and trails galore making this the property you've been waiting for.
Property Information
Lot Size
133,729 sqft square ft
Property Type
Residential
Year Built
1953
MLS Number
EV24076414
Location
Address
7841 Reche Canyon Road
City
Colton
State
CA
Zip Code
92324
County
SAN BERNARDINO (EAST INLAND EMPIRE)
Listing
Provider
Keller Williams Realty Redlands, original listing
Name
Keller Williams Realty Redlands
Phone
(909) 793-2100
Office Name
KELLER WILLIAMS REALTY
Office Phone
(909) 793-2100
Agent Name
SARAH HAYWORTH

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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.