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55 8th Street
Templeton, CA 93465
Lisa Lewis with RE/MAX Parkside Real Estate, original listing - (805) 239-3310
$650,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
1470 Square Feet
Property Description
Nestled in the heart of downtown Templeton overlooking the Salinas, Templeton Oaks is a charming seven unit planned development that seamlessly blends modern elegance with everyday convenience. With its prime location, just steps from top rated Templeton schools and a short distance from downtown restaurants, boutiques, and the community park with weekly Farmers Market and Summer Concerts. This beautifully designed 1,470 +/- square foot townhome features 3 bedrooms and 2.5 bathrooms, offering both space and sophistication. The home opens to hand-textured walls, window casings, and crown molding to add character to the open concept kitchen and living area. A gas fireplace enhances the inviting atmosphere, while nine foot ceilings and durable flooring create a sense of spaciousness and warmth. The kitchen is a chef’s dream, boasting granite countertops, ample storage, a generously sized island, and a convenient breakfast bar. Upstairs, the master suite serves as a private retreat with vaulted ceilings and walk-in closet. The versatile upstairs area includes two additional bedrooms and a bathroom, the loft area at the stair landing, complete with TV hookups, provides the perfect space for a lounge or home office. The townhome is designed with both style and efficiency in mind, featuring a recirculating tankless water heater, dimmable LED recessed lighting, a water softener loop, and energy-efficient dual-pane windows. Central heating, air conditioning, and ceiling fans ensure year-round comfort, while fire sprinklers add an extra layer of safety. A serene and fenced backyard completes the home, offering a private outdoor retreat. Originally constructed in 2016, Templeton Oaks presents a rare opportunity to own a thoughtfully designed home in a desirable location. Please be respectful to the community, appointment only.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2016
MLS Number
--
Location
Address
55 8th Street
City
Templeton
State
CA
Zip Code
93465
County
SAN LUIS OBISPO
Listing
Name
Phone
(805) 239-3310
Office Name
Office Phone
(805) 239-3310
Agent Name
Lisa Lewis
Agency Phone
(805) 239-3310

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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.