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0 Huer Huero Road
Creston, CA 93432
Amanda Brown with Keller Williams Realty Central Coast, original listing - (805) 369-7777
$525,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
Beautiful 22 acre parcel with picturesque views is now available for you to build your dream home on! This property is behind 9280 Huer Huero Rd. as parcel #1. Property is private and accessible with a road easement. Property consists of rolling hills, large oak trees, pond and lots of useable space. From the hilltops, look out at the beautiful Santa Lucia Mountain range, as you watch the red tail hawks circle above. Plenty of room for horses, cattle or other animals, as well as an ADU and barn. Many improvements done and approved house plans included. Current owner had all the underground water lines installed with a heavy duty well pump, as well as electricity lines brought up to all the brand new water tanks. Property consists of 5 water tanks ranging from 2500 to 5000 gallons. Each tank has water spigots, then plumbed from the water tanks, down to two sperate building sites, are water spigots and a fire hydrant at each site. This was all done under the Cal Fire water storage requirements and building codes of 2022. Owner also put in an approx 60x80 ft building pad with DG. You don't have to worry about running out of water here! The well water depth is at 13 ft and pumps 30 GPM. All this and only 25 minutes to San Luis Obispo and only 15 minutes to the quant town of Santa Margarita. Call me today or your Realtor to set up a private showing of this magnificent property!
Property Information
Lot Size
22 acre(s) square ft
Property Type
Land-Other
Year Built
--
MLS Number
--
Location
Address
0 Huer Huero Road
City
Creston
State
CA
Zip Code
93432
County
SAN LUIS OBISPO
Listing
Name
Phone
(805) 400-7278
Office Name
Office Phone
(805) 369-7777
Agent Name
Amanda Brown
Agency Phone
(805) 369-7777

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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.