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12733 S Costanza Way
Draper, UT 84020
$4,600,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
--
Property Description
Step into a realm of unparalleled elegance with this exceptional custom-built luxury home that stands as a contemporary architectural masterpiece. This estate exemplifies the epitome of fine craftsmanship and attention to detail, elevating the concept of luxury living to an entirely new level. The heart of this home is its vast great room and gourmet kitchen, a chef's dream come true. Boasting not one, but two expansive islands, two dishwashers, and a full-size refrigerator and freezer, this kitchen is a haven for the culinary enthusiast. The adjacent walk-in pantry ensures that every necessity is within easy reach. For those with creative pursuits, a spacious craft room awaits, equipped with ample counter space and cabinetry to indulge your artistic passions. The home is bathed in a warm and inviting glow thanks to the custom Lutron lighting system, which can be seamlessly adjusted to set the perfect ambiance. Motorized blinds further enhance your control over light and privacy. The main floor unveils a lavish master suite, complete with a comfortable sitting room with fireplace for moments of tranquility. The master bathroom offers the ultimate luxury with a huge shower and heated floors, ensuring your comfort even on the coldest days. In the center of the home, glass and metal staircases create a stunning visual experience, guiding you to the upper level where four bedrooms, each with its own en suite bathroom, provide private sanctuaries for family and guests. Close to these bedrooms, a capacious homework room offers a dedicated space for productivity. Indulge in entertainment at its finest with a rooftop patio that showcases breathtaking views. On the lower level, the home theater is a cinematic marvel, featuring a projector, surround sound, and theater-style seating. Nearby, a playful mercantile shop awaits, stocked with all the movie snacks your heart desires. For recreation and relaxation, there's a family room with an attached kitchen, a full-size golf simulator with a bar, an exercise room with a glass wall and door, and an in-home salon. The outdoor spaces are equally spectacular, featuring a heated swimming pool with a hot tub, a pool house with bathroom and lockers, and an outdoor shower. A meticulously designed patio offers built-in seating and a fire pit, perfect for gatherings under the stars. Two garages, one with its own bathroom, and both equipped integrated pressure washing systems, cater to the most discerning automobile aficionado. The exterior showcases the elegance of Indiana limestone and a modern metal roof, harmonizing effortlessly with the innovative jellyfish exterior lighting. This home is not just a residence; it's a testament to the marriage of high-end commercial quality materials and uncompromising luxury. Square footage figures are provided as a courtesy estimate only and were obtained from County records. Buyer is advised to obtain an independent measurement.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2018
MLS Number
1896529
Location
Address
12733 S COSTANZA WAY
City
Draper
State
UT
Zip Code
84020
County
SALT LAKE (SOUTHEAST)
Listing
Provider
Hooper Homes, original listing
Name
Hooper Homes
Phone
(801) 560-7653
Office Name
Hooper Homes Inc
Office Phone
(801) 560-7653
Agent Name
Michael Hooper

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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.