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6061 Sw Meridian Way
Tualatin, OR 97062
$3,750,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
6335
Property Description
Discover the epitome of sophisticated country living at Meridian Vines, an exquisite French Country estate nestled on 4.71 acres in Tualatin. This luxurious 6,335 sq ft home boasts a vineyard producing premium Pinot Noir and Chardonnay grapes on the sprawling entertainer?s paradise. The heart of the home is a gourmet kitchen with a Sub-zero refrigerator, Thermador gas range, double ovens, granite countertops, and a butler?s pantry. Elegant living spaces abound, including formal living and dining rooms, a family room with a floor-to-ceiling stone fireplace, a library with a rolling ladder, and an office adorned with wainscoting. Five en-suite bedrooms provide privacy and comfort, highlighted by an primary suite designed by Neil Kelly featuring double sinks, a free-standing soaking tub, and a walk-in shower. Meridian Vines is an entertainer's dream with its pool area inspired by the Bellagio Hotel?s high roller suites, complete with a hot tub, changing rooms, and outdoor kitchen. The property includes a guest apartment with a media room, wet bar, private bedroom, and full en-suite bath, perfect for hosting visitors. Car enthusiasts will appreciate the eight-car garage capacity, comprising four attached garages and an additional four-car studio/garage with 220 power, a half bath, and separate heating and cooling. The 1,560 sq ft studio space boasts an open beam ceiling, fully carpeted floor, and a private patio with water features. With sweeping views of the vineyards and surrounding countryside, Meridian Vines offers an unparalleled blend of elegance, luxury, and comfort.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential
Year Built
2001
MLS Number
24584415
Location
Address
6061 SW MERIDIAN WAY
City
Tualatin
State
OR
Zip Code
97062
County
WASHINGTON (EAST)
Listing
Provider
Better Homes and Gardens Real Estate Realty Partne, original listing
Name
Better Homes and Gardens Real Estate Realty Partne
Phone
(503) 698-6600
Office Name
Better Homes & Gardens Realty
Office Phone
(503) 698-6600
Agent Name
Patrick Sheehan

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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.