Home for Sale at 1441 N Euclid Avenue, Upland, CA 91786

1441 N Euclid Avenue
Upland, CA 91786

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Property Details

List Price:	$939,000
Beds:	3
Baths:	2
Status:	Active
SqFt:	1811
Agency:	RE/MAX Resources

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Description/Comments

Lot Size:	11,250 sqft
Property Type:	Residential
Year Built:	1927
Notes:	Call Laura Dandoy at 909-228-4383 to view this extraordinary property. You will be delighted as you pull up to the front of this home. The property sits back off the street and has a lovely front lawn & walkway that leads you to the charming front porch. There you are beckoned to enter the house. You will find yourself stepping back in time & finding a gorgeous home that represents the quality craftsmanship of a bye-gone era. Enter through the doorway to find gleaming hardwood floors throughout the home. The living room is graced with a very rare, barrel ceiling and appointed with crown molding. The large picture window gives you a perfect view of the median on Euclid Avenue. The windows let in an abundance of natural light. There is a wood-burning fireplace and built-in niches for books or displaying your favorite art. There are French doors between the living and dining rooms that create a sense of separation without closing off the space. While this home is steeped in history it has been thoughtfully updated, providing the best of both worlds. The interior walls. molding & ceilings have been recently painted, as well as the exterior of the home. The FAH/AC has been replaced, there is a newer water heater and copper plumbing, and the roof has a newer waterproof membrane that was installed under all existing concrete roof tiles. The kitchen has also seen a thoughtful upgrade as it now boasts stainless steel appliances, granite counters & loads of cabinet space. The bathrooms are absolutely charming. One has been lovingly updated & the other is original, with an over 100-year-old sink that is in amazing condition!
MlsNumber:	CV24048411

Listing Provided By:	RE/MAX Resources, original listing
Name:	RE/MAX Resources
Phone:	(909) 398-1166
Office Name:	The Real Estate Resource Group
Office Phone:	(909) 575-4517
Agent Name:	Laura Dandoy
Disclaimer:	Copyright Â© 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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.

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.

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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing