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12709 Paso Verde Court
Atascadero, CA 93422
$1,600,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3482
Property Description
Stunningly remodeled 3498 sf, 4 bedroom, 3 bathroom home with owned solar and Tesla backup battery nestled on 5.25 acres in the hills of the Santa Lucia coastal range offering privacy and scenic beauty. Recently the home underwent an almost $600,000 remodel, this is not a home you want to miss. Located in the esteemed Oak Ridge Estates, the home immediately welcomes you with its flourishing setting, stamped concrete walkway and incredible sense of escape. Stepping through the front door you immediately feel the impressiveness of the home. The glorious, brand new Marvin windows usher in the natural light and perfectly frame the breathtaking surroundings and views. The 14’ vaulted ceilings in the living room, dining room and family room draw the eyes upward and give a light and airy feeling. The living room is anchored by a sublime gas fireplace with French limestone surround and hearth. The kitchen is an absolute dream with high end appliances, substantial island with seating, Taj Mahal Quartzite countertops and Plato high end soft close cabinets and drawers with organizers. Down the hall we find 3 guest bedrooms with large closets, brand new carpet and 10’ ceilings. The primary suite exudes elegance with 14’ vaulted ceilings, dual walk in closets, large picture window and attached retreat. The ensuite bathroom is a wonderful spot to wind down at the end of the day with separate vanities, walk in shower with 2 shower heads and jetted bathtub. The moment you step outside you will feel yourself start to decompress. The mature, lush landscaping and stamped concrete patio provide the perfect place for outdoor entertaining and relaxing. Directly off the back patio is a wonderful bocce ball court ready for hours of fun! The property has undergone countless upgrades during its extensive remodel including large-scale tiled floors, carpet, windows, re-textured walls, canned lighting, electrical upgrades, interior paint, bathrooms remodeled, kitchen remodeled, and so much more. A complete list of upgrades can be found in the supplements, just ask your realtor. The location not only affords you privacy but also great convenience. The coast is about a 20 minute drive and so is Paso Robles where you’ll find countless wineries, craft breweries, shopping and award winning restaurants. If you’re looking for an elevated living experience, look no further. Please see the Virtual Tour for additional photos and information.
Property Information
Lot Size
228,690 sqft square ft
Property Type
Residential
Year Built
2004
MLS Number
NS24075864
Location
Address
12709 Paso Verde Court
City
Atascadero
State
CA
Zip Code
93422
County
SAN LUIS OBISPO
Listing
Provider
GREG MALIK RE GROUP, original listing
Name
GREG MALIK RE GROUP
Phone
(805) 466-2540
Office Name
Malik Real Estate Group, Inc.
Office Phone
(805) 466-2540
Agent Name
Jaime Silveira

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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.