Home for Sale at 25125 PARADISE DR, Junction City, OR 97448

25125 Paradise Dr
Junction City, OR 97448

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Property Details

List Price:	$1,050,000
Beds:	3
Baths:	3
Status:	Active
SqFt:	2601
Agency:	Horsepower Real Estate

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Description/Comments

Lot Size:	5 acre(s)
Property Type:	Residential
Year Built:	2017
Notes:	Welcome to Paradise and be prepared to be captivated by this exceptional residence! Nestled on a sprawling 5.3-acre country estate, this home is accessible through a custom entry gate off Paradise Drive. The property has a nice mix of mature trees and open pastures creating a picturesque setting. Meticulously crafted in 2017, the attention to details and craftsmanship are evident throughout the house. Numerous windows from the dining area to the living room bring in abundant natural light, creating an inviting atmosphere throughout. Primary Suite has 2 generous sized walk in closets and a private bath suite with 2 separate custom 6 ft granite vanities. The kitchen is a cook's dream come true with a 9 ft granite island with bar stool seating, 2 full size Bosch ovens, Bosch microwave drawer, & a pot filler over a 5 burner gas cook top. Upstairs are 2 bedrooms, a spacious living area and another full size bath with cherry cabinets. Featured on the property is a 3-stall barn, fully matted, with newly added solid wood dividers, stall fronts and 24 ft runs off each stall with new footing, a wash rack, and three new large turnouts, a spacious dog run and chicken coop. Many storage structures including woodshed and machine shed w/lights and power outlets, room for horse trailer and RV parking and much more! This is a must see property to appreciate all it has to offer. Don't miss out on this amazing property!
MlsNumber:	24083996

Listing Provided By:	Horsepower Real Estate, original listing
Name:	Horsepower Real Estate
Phone:	(541) 510-4601
Office Name:	HORSEPOWER REAL ESTATE
Office Phone:	(541) 510-4601
Agent Name:	Sonia Maksim
Disclaimer:	Copyright Â© 2024 Regional Multiple Listing Services. 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