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6804 Chattam Way
Ilwaco, WA 98624
$985,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3863
Property Description
Columbia River suburb of Ilwaco. This custom-built, 4,800 sq ft home with a large, attached 2-car garage. The spacious home has 4 bedrooms, with a lavish primary suite, large glass block walk-in shower, hobby room, den, office and three full-sized bedrooms with a dedicated bathroom. The dining area is large and well-lit, the kitchen features a U-shaped design with ample counters, glass block breakfast bar & walk-in pantry. The property is further enhanced by pair of French entry doors under the lighted carport. The foyer features a custom wood spiral staircase. The house has in-floor heat on both levels with separate thermostats in every room. The whole-house heat-recovery ventilation system keeps your air fresh, and the twin 50-gallon water heaters provide plenty of hot water. Main floor ceilings are 9?. The house & shop have a 400-amp electric service and wired with an electronic fire/security alarm system with battery backup. Both buildings feature fire suppression sprinklers in all rooms. Perfect for any car enthusiast with your versatile and expansive 6-car 4,100 square foot heated workshop with overhead doors including an oversize entry for an RV, complete woodshop with dust collection, a 240-volt compressor and air system fully piped around the building, a welding outlet and excellent lighting everywhere. The 8,000lb Hydraulic hoist will raise a Chevy Suburban to full height making maintenance quick and easy. The lower 9? bay is checkerboard tiled for a museum atmosphere to enjoy and display any of your own special cars. The shop includes a ½ bath and separate wood shop and storage area. Enjoy the serenity of your ½-acre double lot on a cul-de-sac with plenty of wildlife sightings including deer, migratory birds, eagles, hawks, owls, frogs, coyotes, bear & elk. Perfect for a pilot, the property has taxiway access to the 2,060-foot lighted Port of Ilwaco airstrip. Close to Astoria, Port of Ilwaco, State Parks, Ocean Beaches shopping and restaurants.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1995
MLS Number
23046251
Location
Address
6804 CHATTAM WAY
City
Ilwaco
State
WA
Zip Code
98624
County
PACIFIC
Listing
Provider
Pacifica Homes, LLC dba Realty ONE Group Pacifica, original listing
Name
Pacifica Homes, LLC dba Realty ONE Group Pacifica
Phone
(360) 560-2402
Office Name
Realty One Group Pacifica
Office Phone
(360) 777-1001
Agent Name
Doug Knutzen

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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.