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28599 N Shore Rd
Lake Arrowhead, CA 92352
$1,349,000
Conventional
Property
Bedroom
6
Bathroom
4
Property Type
Conventional
Square ft
4000
Property Description
Great Tavern Bay Home! A level entry mountain home designed for entertaining. Step into the sunroom/family room, flooded with abundant natural light from the numerous windows, creating a true mountain ambiance. French doors open onto the covered wraparound deck, seamlessly connecting indoor and outdoor spaces. The open floor plan flows into the spacious kitchen, boasting wrap-around granite countertops on the sit-down island for up to six, perfect for preparing meals with family, or enjoying entertaining with your company! Custom shelving allows you to showcase your designer touches. The living room features open beamed cathedral ceilings, beautiful hardwood floors, a wood-burning fireplace and French doors leading to the expansive outdoor deck, ideal for outdoor living. The main level includes a master bedroom with an ensuite, along with two additional bedrooms and a full bath. Just when you thought it couldn't get better, we are just getting started. The downstairs level also offers a large game room with wood burning fireplace , sauna & French doors opening to an enclosed spa room, surrounded by windows to bask in the forest views and soak your cares away, as well as three bedrooms and two baths, plus a generous laundry area and storage room. A large two-car garage and private driveway provide ample parking, and below the garage is a sizable bonus space awaiting development. The owner estimates nearly 4000 sq. ft. of living space. Lake access is just a leisurely walk away, with the highly sought after close proximity to the Tavern Bay Beach Club and the UCLA Conference Center, now offering public access to dining. Situated on a private, wooded lot spanning over 30,690 sq. ft.. This property is part of Arrowhead Woods with full lake rights, adding to your entertainment value so you can relax on the lake at your leisure. Come experience this ultimate entertainer's dream home before the invitation expires!
Property Information
Lot Size
30,690 sqft square ft
Property Type
Residential
Year Built
1977
MLS Number
EV24053357
Location
Address
28599 N Shore Rd
City
Lake Arrowhead
State
CA
Zip Code
92352
County
SAN BERNARDINO (MOUNTAINS)
Listing
Provider
RE/MAX Lakeside, original listing
Name
RE/MAX Lakeside
Phone
(909) 307-5665
Office Name
RE/MAX LAKESIDE
Office Phone
(909) 337-9999
Agent Name
AL TALAVERA

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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.