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33125 Se Rainbow Rd
Estacada, OR 97023
$1,100,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
3300
Property Description
Welcome to the secluded tranquility of 33125 SE Rainbow Rd, a charming retreat nestled in the lush woodlands of Estacada, Oregon. Property is surrounded on two sides by McKenzie tree farms and by Weyerhaeuser on the south side. Elk and deer can be seen regularly in the meadow. Set across 3,050 sqft, this ranch style home features four bedrooms and two bathrooms. The interiors boast beautiful luxury vinyl plank flooring, with a spacious living room. The kitchen is equipped with upgraded SS appliances. A large open loft provides additional spaces for play or gathering. The loft and living room look out over large picture windows framing the property field and creek. Moving to the exterior, a professionally manicured landscape wraps around, complete with garden sprinklers, irrigation for plants, and landscape lighting. The spacious asphalted driveway provides ample parking and leads to a large covered patio with Trex decking, perfect for outdoor dining. For those who enjoy outdoor relaxation, a fire pit adjacent to the garden with a garden shed provides the perfect spot for evening get-togethers. Water and electric utilities are available in the garden, adding to the convenience. The two-story barn with a new concrete slab has been creatively converted into an art studio on the second story, complete with running water. The lower level of the barn is 1600 square feet with surrounding covered breezeway and has drains and irrigation roughed in. A new wood shed stores up to 8 cords of wood, and gravel parking spaces around all outbuildings are included. The property also comes with a variety of additional features designed for your convenience and enjoyment. A basketball court, newly built treehouse, an orchard with a grape arbor, and a berry trellis are just some of the highlights. Chicken coop, detached 385 sq ft office, rv parking, rv dump location, baseball diamond, year round creek.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential
Year Built
1982
MLS Number
24068577
Location
Address
33125 SE RAINBOW RD
City
Estacada
State
OR
Zip Code
97023
County
CLACKAMAS
Listing
Provider
homecoin.com, original listing
Name
homecoin.com
Phone
(888) 400-2513
Office Name
homecoin.com
Office Phone
(888) 400-2513
Agent Name
Jonathan Minerick

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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.

Free Foreclosure Listings

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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.