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4975 Chilly Valley Ln
Klamath Falls, OR 97603
$2,875,000
Conventional
Property
Bedroom
7
Bathroom
6
Property Type
Conventional
Square ft
8952
Property Description
Stunning is the only word that can be used to describe this work of art. A local developer created his Magnum Opus when he designed and built this estate. Large luxury home makes up one wing while the other wing is a 2240 SF guest home with its own entrance, 4 bedrooms, 2 of which are ensuites, and 3 baths.LandSituated on 27 acres and surrounded by hundreds of acres of farmland which creates a haven with plenty of privacy, endless views, and lots of room. This is living at its finest with custom finishes and personal touches that are beyond compare. It was designed to meet the desire for luxury living and recreating right at home. With a hot tub, pool, putting green and outdoor living area, there’s no need to leave. A covered patio with tiki bar and a firepit lends itself to year-round enjoyment and adding to the outdoor experience is a 140-foot live water manmade creek. A greenhouse and a large garden area with producing fruit trees beckon to the green thumb. Part of the acreage is 15 irrigated acres that are certified organic currently planted to alfalfa. There’s a large insulated, heated shop with full RV hookups, 3 roll up doors and plenty of room for projects. ImprovementsA very spacious rec room with a full bar, pool table and multiple TVs connects the two homes. Complete with a loft for reading and 28 foot vaulted tongue & groove ceiling this is the ultimate space to relax or recreate. The gourmet kitchen highlights stainless steel appliances, granite counter tops, alder cabinets and is designed in such a way that allows the cook to interact with family and guests while also taking in the views from two different angles. The master suite is on the main floor and showcases a fireplace, jetted tub, walk-in tile shower and heated tile floor. Along with walk-in closets, ample amounts of storage and counter space along with a large and functional laundry room makes this a very comfortable, usable space. LocationKlamath County is uncrowded and unpretentious! A destination for outdoor activities, enjoying the fine arts and exploring. You can experience the area while biking, hiking, horseback riding, and car tours. Klamath County is home to world class bird watching, with the highest population of wintering bald eagles found anywhere and it is home to one of the largest migratory stopovers for birds in the western US. There are six National Wildlife Refuges to explore in this area. Fishing for wild native rainbows here is the best place to fish for these trout in the lower 48. Fly fishing the world renown Williamson River is an experience most fisherman have on their bucket list. If catching trophy class lake trout is one of your passions, you will find several lakes here where you can do just that. If golf is your game, you have several courses to choose from. The Arnold Palmer Signature course at the Running Y Resort has not only been recognized as one of the best in Oregon, it even made it onto Arnold Palmers own “Sweet 16” list of favorite courses to play golf. These are just a few of the things that make Klamath Falls one of the best places to live and play. Klamath County and Klamath Falls is very friendly to businesses. Klamath County Economic Development states that with an exceptional worker base, convenient location, co-operative planning commission and being a certified Blue Zones Community makes Klamath Falls a top choice for businesses to operate.
Property Information
Lot Size
27 acre(s) square ft
Property Type
Residential
Year Built
2011
MLS Number
11064897
Location
Address
4975 Chilly Valley Ln
City
Klamath Falls
State
OR
Zip Code
97603
County
KLAMATH
Listing
Provider
Hayden Outdoors, LLC, original listing
Name
Hayden Outdoors, LLC
Phone
(970) 674-1990
Office Name
Hayden Outdoors Real Estate
Office Phone
(970) 674-1990
Agent Name
Daniel Fox

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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.