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9125 Santa Margarita Road
Atascadero, CA 93422
$949,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1576
Property Description
This updated single-level ranchette on the South End of Atascadero is truly a dream! With approximately 2.7 acres of land, it offers ample space for both living and leisure. The 3 bedrooms and 2 bathrooms provide comfortable accommodation, while the stunning views add to the appeal. The formal living room with large bay windows (adorned on the exterior by travertine) is a picturesque space, offering views of the front yard and distant mountains. The open kitchen has white updated cabinetry, including convenient features like pull-outs and lazy Susans along with solid surface countertops. The family room, with vaulted ceilings and slider to the backyard provide a cozy spot for relaxation and entertainment. The large primary bedroom, features an en suite with shower and dual closets. The backyard is an entertainer's paradise, boasting a lush green yard, expansive stamped concrete patio (partially covered for all-weather enjoyment), and a custom fire pit area for cozy gatherings under the stars and a glass of local wine. For those with animals, there's ample room including a chicken coop and separate fenced area for livestock or horses. Plus, there's space for gardening along with gated RV parking and electrical hook up. The home's location close to Highway 101, Downtown SLO, wineries, and restaurants makes it even more enticing, offering convenience alongside its rural charm. Overall, this property is a perfect blend of comfort, functionality, and outdoor living – truly a must-see!
Property Information
Lot Size
117,612 sqft square ft
Property Type
Residential
Year Built
1977
MLS Number
NS24074597
Location
Address
9125 Santa Margarita Road
City
Atascadero
State
CA
Zip Code
93422
County
SAN LUIS OBISPO
Listing
Provider
RE/MAX Parkside Real Estate, original listing
Name
RE/MAX Parkside Real Estate
Phone
(805) 239-3310
Office Name
RE/MAX Parkside Real Estate
Office Phone
(805) 239-3310
Agent Name
Maci Umbertis

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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.