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2502 Highland Drive
Eugene, OR 97403
$2,225,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
5972
Property Description
Presented here is a once-in-a-generation opportunity to own one of Eugene?s most prestigious homes, proudly occupying a footprint in the University Hills alongside Hendrick's Park, with gorgeous sunrises and stunning panoramic sunset views. This magnificently luxurious home offers the grandeur of old Hollywood while combining the seamless constructional compositional prowess and brilliance of the renowned architect Otto Poticha, all the while offering stately upscale modern amenities. Upon entering the estate, you are immediately welcomed by a dramatic rock waterfall and koi pond, that transitions as you enter a true entertainer's paradise showcasing spectacular living areas, beginning with an impressively imposing wall of floor-to-ceiling windows framing an unparalleled vista. The primary retreat on the main level is a complete living area of its very own. Lounge in front of an Art Deco solid marble fireplace, wander through double boutique-like closets or, use one of the dual spa-like bathrooms that will pamper and re-energize you with an oversized waterfall shower and jetted plunge tub. Later, enjoy a screening projection TV with motorized black-out blinds and private courtyard. Finally, you can move onto utilizing one or both of the TWO scenic flex rooms, which can lend themselves to a variety of uses, including a nursery, a gym, an office, meditation, or hobby room. The massive chef's kitchen offers unrivaled function with two oversized islands, commercial appliances, and a large walk-in pantry. Enjoy the indoor/outdoor lifestyle with an upscale and fully appointed outdoor kitchen. The chic media/family room is outfitted with a dual fuel fireplace, wood paneling and exposed beams. The full wet bar adds to the experience by creating an intimate ambiance and gathering place. Ascend to the upper level to discover an additional primary suite, complete with French doors opening to a private veranda, offering a glimpse of paradise. For connoisseurs of fine wine, delight awaits in the expansive 14x24 below-grade wine cellar, a testament to refined taste and discerning indulgence. With nearly 6,000 square feet of living space, including four generously appointed bedrooms and five luxurious bathrooms, every corner of this residence exudes sophistication and comfort. Meticulously renovated to embrace modern amenities while preserving its timeless allure, this extraordinary residence presents a unique opportunity to bask in the unparalleled elegance and refined luxury of its distinguished surroundings. Come home to this unforgettably magnificent estate property today.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1948
MLS Number
24410556
Location
Address
2502 Highland Drive
City
Eugene
State
OR
Zip Code
97403
County
LANE
Listing
Provider
Keller Williams - Eugene, original listing
Name
Keller Williams - Eugene
Phone
(541) 431-6480
Office Name
Keller Williams - Eugene
Office Phone
(541) 431-6480
Agent Name
Rebekah Marsh

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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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USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.