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25758 Ca-44
Shingletown, CA 96088
$725,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2849
Property Description
Visit Homepie website for information related to viewing, contact, and making an offer. This is a custom built two story home with a wraparound covered porch (1,400 s.f. covered by the veranda), a large deck off the porch and a balcony off the Master Suite. The house exterior is wood textured fiber cement board (Hardie Board / fire resistant) and the roof is standing seam steel. Downstairs floors are of large tile, with granite in the kitchen with a large island / bar. The first floor office could serve as a bedroom or formal dining room. Upstairs has wide plank oak, large tile in the master bath, guest bath and laundry. There is a Jacuzzi-jetted tub and a large walk-in shower. The home is completely plumbed for radiant floor heating with a 150' insulated loop for solar, not activated. Exterior walls are 6" and 8" with BIB System Insulation. Interior walls are insulated for sound. There is an airtight wood burning stove which uses outside air for combustion. Located on 8.89 acres with about 1,300' of frontage on State Hwy 44. 2 parcels, both have Cal-Trans built driveways. Our neighbor is BLM, (Bureau of Land Management) with 500 Acres and they are never at home. Bear Creek has a large pool for swimming, snorkeling, fishing and canoes and kayaks. It is deep enough for a thermocline, which helps maintain game fish year-round; rainbow trout, small mouth bass and the occasional salmon. The property is at 1,000' in elevation, locate 7 minutes East of Palo Cedro, 11 minutes East of Redding. There is ample room for horses a vineyard or both. Some of the photos shared, show snow. It is common to get 2 or 3 snowfalls during the winter but they do not last more than a couple of days. The birds shown are wild turkeys. We have StarLink, for internet, wifi, phone, television and DirecTV. 2,500 gallon water storage tank for domestic and fire prevention water. It's powered by both A/C and D/C pumps and is plumbed through 1.5" (min.) pipe to 5 faucets around the home.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2007
MLS Number
11242566
Location
Address
25758 CA-44
City
Shingletown
State
CA
Zip Code
96088
County
SHASTA
Listing
Provider
Homepie, Inc, original listing
Name
Homepie, Inc
Phone
(805) 507-1100
Office Name
Homepie, Inc
Office Phone
(805) 507-1100
Agent Name
Sean Crosier

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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.