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19799 Campbell Creek Drive
Springville, CA 93265
Quinn Atherton with BHGRE Bloom Group, original listing - (559) 625-9500
$1,999,999
Conventional
Property
Bedroom
5
Bathroom
Full: 1, ½: 1, ¾: 3
Property Type
Conventional
Square ft
4180 Square Feet
Property Description
Stunning 40 Acre Springville Estate! Behind a gated entry, and up a winding paved, white fence-lined driveway is this incredible hilltop completely remodeled home! There are 4180 Sq Ft, 2 stories, 5 bedrooms and 5 baths! The downstairs is true open-concept with one luxurious space just melding into the next. The windows are tremendous, and even when you are inside, you never forget the incredible piece of California countryside it sits on. A glass temperature controlled wine room is the focal point of the living room, and the dining area can hold an unlimited number of guests. The kitchen really is a show-stopper! It might just be the largest kitchen island I have ever seen! The bright white cabinetry, custom lighting design, and quartz countertops are drenched with light from the wall of windows. There is a side-by-side subzero fridge and freezer, and a 6 burner with griddle Wolf range with full sized double ovens. There is a vegetable sink, under counter wine fridge and a built-in ice maker, dishwasher and microwave. The pantry is enormous, the laundry room is full of cabinetry and even has a view! There are 2 en-suites downstairs, 2 with sliders to the back patio, and an office that is also a 5th bedroom. Upstairs there are 2 more enormous en-suites, both with sitting areas, and both opening onto the incredible balcony! The 40 acres is fenced and cross-fenced. The current owner was working on some massive infrastructure for future construction. There is a pad for a 'Yellowstone style barn' and Olympic size riding arenas, a party barn, guest house and additional visitor housing! There is already water stubbed out, and multiple septic systems installed for much of this master plan. The pond is fed by the seasonal Campbell Creek, and there are 3 private wells and fire hydrants, a fire truck loop, and a family orchard to enjoy! Let's have a look!
Property Information
Lot Size
40 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1993
MLS Number
--
Location
Address
19799 Campbell Creek Drive
City
Springville
State
CA
Zip Code
93265
County
TULARE
Listing
Provider
BHGRE Bloom Group, original listing
Name
Phone
(559) 289-1589
Office Name
Office Phone
(559) 625-9500
Agent Name
Quinn Atherton
Agency Phone
(559) 625-9500

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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.