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20619 Longridge Ct
Groveland, CA 95321
$1,399,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2616
Property Description
The one-of-a-kind Lakefront Home you have been waiting for! This charming custom-built home has left no detail unturned. The incredible Lot is ideally located on a private cove NO WAKE AREA with DEEP WATER right off the dock. Dock orientation is on sunny side of the cove allowing for more hours of fun in the sun. You will be hard pressed to find a better house and/or location on the lake. This Custom Ranch Lakehouse offers a perfect floorplan with only two levels and no stairs on the main level (kitchen, dining, living, 2 bedrooms/2 full bathrooms and laundry room). Excellent for entertaining, the dining room opens to the spacious living room allowing for large gatherings. Vaulted wood beam ceilings, skylights and multiple sliders bring in abundant natural light and wonderful views of the lake. Sliders provide easy access to the wrap around deck. Enjoy year-round grilling, dining, entertaining and relaxing on the large covered deck. No need for moving umbrellas around, the covered deck blocks the sun and keeps area much cooler, allowing you to maximize your enjoyment of the outdoors. The large Primary Bedroom also features sliding doors to the deck, a large walk-in closet, and beautiful en-suite with a jetted tub, separate shower and double vanity. There is a guest bedroom, a full hall bathroom, and office space (work from home) all located on the main level. The bottom level has everything your guests will need and/or is perfect to rent out as an Air-B&B. With a separate family room, a kitchenette, bedroom and full bathroom, as well as private sliders leading to the large covered deck and easy access to the lake. This is an opportunity that won't last long. Remodeled throughout with new flooring, new countertops, new shower, and fresh paint, you are ready to enjoy the lake today. The property is ideally situated on the lot to maximize both use of the lake, easy access/ample parking, as well as preserving privacy and views of the lake. This incredible lot has level areas and is gently sloped toward the lake with easy access to the water. There is a lower level deck strategically situated for large groups to enjoy the water. Nice level path leads to the boat/paddle board storage rack, and another level path leads right to the private dock. No need to leave your dock, there is deep water and excellent swimming/fishing opportunities right off your dock (sunny side of lake, no wake area). The large oversize garage allows you to park two cars and store all your lake toys as well. Plenty of guest/RV parking on site. This Lakehouse is one of a kind. Within the gates of Pine Mountain Lake, which offers many amenities, such as golf, tennis, swimming pool, private airport, 3 private beaches, marina, and so much more. Located on a private cul-de-sac with easy access to downtown Groveland, this property won't last long! New custom window coverings installed Dec 2022.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1982
MLS Number
20240438
Location
Address
20619 Longridge Ct
City
Groveland
State
CA
Zip Code
95321
County
TUOLUMNE
Listing
Provider
Coldwell Banker Realty, original listing
Name
Coldwell Banker Realty
Phone
(925) 847-2200
Office Name
Coldwell Banker Realty
Office Phone
(925) 847-2200
Agent Name
JACQUELINE ROMANT

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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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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.