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20498 Rock Canyon Way
Groveland, CA 95321
$1,600,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
2002
Property Description
Sit on the expansive covered deck and enjoy the views from this fine waterfront home with its own dock, lakeside deck space and beautiful deep-water frontage. The interior boasts of a Great Room design featuring soaring wood and beam cathedral ceilings, an attractive and efficient propane fireplace in the great room is accented with a full river rock stone wall and hearth. The modern up-dated kitchen and open dining area share this large main level living space. Newer granite counter tops, shaker style cherry cabinetry, tiled flooring, under-cabinet lighting, stainless appliances and granite elevated breakfast counter are a few of the amenities to be found here. The separate laundry room is wired with an additional dedicated line for EV charging. The main floor primary bedroom suite features a sliding door opening onto the covered deck which provides soothing views of the lake. This suite's walk-in closet and dressing area are positioned near the full bath. Just down the hall from the main living space, you find a "powder room" which is handy for visitors & guests. Upstairs, an open loft overlooks the main floor and can serve as an additional sleeping area along with guest bedrooms two and three which are located at the opposite end of the loft. A full bath is also available on this upper level. Stairs down from the deck bring you to the lower level with a door leading into a space with plenty of storage area and a separate room ideal for hobbies... create fishing lures for a day on the lake or high-country streams and rivers...The roof was upgraded in 2021. There's plenty of parking outside on the paved area Plus a paved spot at the top of the driveway for boats or extra vehicles. The 18-foot runabout motor boat with under 600 hours of running time and Volvo in/out engine is included with the sale. Furniture is also available. Located in beautiful Pine Mountain Lake, a gated community just 23 miles from the entrance to Yosemite National Park. Enjoy golf, tennis, pickleball, a game of horseshoes, picnics at Fisherman's Cove or one of three beaches, a snack at the Main Marina Frosty Shop in the summer or fine dining at "The Grill". Board or rent a horse at the equestrian center to go on a trail ride or take riding lessons from one of the instructors. Boating, fishing, and other water sports are available on the private lake or relax by the pool at the outdoor Swim Center on a hot summer day. A roving 24-hour safety patrol keeps an eye on resident and visitor safety. So much to do in your own neighborhood! Come for a Visit and Stay for a Lifetime!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1979
MLS Number
20240407
Location
Address
20498 Rock Canyon Way
City
Groveland
State
CA
Zip Code
95321
County
TUOLUMNE
Listing
Provider
PINE MOUNTAIN LAKE REALTY, original listing
Name
PINE MOUNTAIN LAKE REALTY
Phone
(209) 962-7156
Office Name
PINE MTN LAKE REALTY
Office Phone
(209) 962-7156
Agent Name
Eleda Carlson

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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.