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6759 S 2400
Spanish Fork, UT 84660
$1,499,999
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
--
Property Description
Seller is offering $25k in seller-paid concessions for this beautiful country home! Don't overlook the opportunity to explore this exceptional residence located on 9.21 acres in the sought-after town of Benjamin, just outside Spanish Fork, boasting the best in country living. Highlighted features encompass vaulted ceilings, a covered front porch, a wood-burning fireplace, oversized windows, and an expansive kitchen equipped with a large island, walk-in pantry, abundant cabinets, and ample counter space, all bathed in natural light. The primary suite is comprised of a spacious walk-in closet, generously-sized bedroom, and a gorgeous custom bathroom showcasing an oversized double-door shower. Additionally, the formal dining area and a 900-square-foot bonus area above the garage provide ample space for entertaining and relaxation. A sizable mudroom includes a work counter with deep stainless-steel sink, a custom bath, and loads of storage cabinets. Completing the property are a detached single-car garage for yard equipment and an extended attached double-car garage with a U-shaped workbench, offering plenty of room for tools. The home sits on approximately 1.5 acres of manicured landscaping featuring a picturesque front yard with a pond and fountain, fruit trees (cherry, apple, and apricot), ornamental trees, shrubs, flowers, and bushes. The fully fenced backyard offers a fire pit, trampoline, sandbox, fully irrigated 30' x 50' garden area, berry patch, chicken coop, shed, fenced storage area and a large grassy area. Surrounding the home are acres of alfalfa fields capable of yielding around 300 bales per crop or 900 bales per season, potentially earning $8-10 per bale or rent the fields to a local farmer if you desire to not utilize the fields. This countryside property includes 2 fully-fenced horse pastures with loafing sheds and 3 pens for small livestock plus a separate livestock entrance on the side of the property. The stunning property comes with 9 shares of Strawberry Irrigation Water and offers flood irrigation from the back of the property and all fields are laser-leveled. This property is in the Greenbelt which offers great property tax savings. With ample space to build your dream barn or shop, turn one pasture into an arena, add a racetrack and the list goes on the opportunities are endless with the layout of this beautiful property come make this your new home! Please remove shoes before showing.
Property Information
Lot Size
9 acre(s) square ft
Property Type
Residential
Year Built
2003
MLS Number
1970512
Location
Address
6759 S 2400
City
Spanish Fork
State
UT
Zip Code
84660
County
UTAH (COUNTY SOUTH)
Listing
Provider
Utah Real Estate, original listing
Name
Utah Real Estate
Phone
(801) 673-3333
Office Name
Utah Real Estate PC
Office Phone
(801) 673-3333
Agent Name
Brandy Tilo

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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.