Home for Sale at 5750 SW RIVER RD, Hillsboro, OR 97123

5750 Sw River Rd
Hillsboro, OR 97123

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Property Details

List Price:	$1,800,000
Beds:	3
Baths:	2
Status:	Active
SqFt:	2327
Agency:	MORE Realty

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Description/Comments

Lot Size:	7 acre(s)
Property Type:	Residential
Year Built:	1977
Notes:	Once in a lifetime offering! Two parcels make up this 7.62 acre small acreage just on the West edge of The Reserve Golf Course and HOT South Hillsboro. Settle into this lovely 2,327 SF Ranch style, 3 BR, 2 BTH home with room for everyone. Stoke the Soap Stone woodstove, grab a coffee, and head onto the back deck, gardens, & fruit orchards! Shoot hoops or play pickle ball on your private court with lights. Then it's time to feed the chickens, ride your horses in the 60x108 lit arena. Check the 36 X 72 Barn with 7 stalls, all with paddocks. A great Equestrian property! Lights in arena & barn, tack room, rubber mats, wash rack, & a round pen for training if you like! Not into horses? No problem- with a seperate gate, fenced gravelled lot & mutliple storage buildings, this is a perfect spot for boats, work trucks & equipment, RVs, you name it. A most excellent place to launch or support your enterprise! Extensive fenced pastures, woods, & areas to ride this property has all the country you can handle right now. Now for the good part. Located in Rosa Reserve, this land is slated for future development. Land like this once annexed is selling for up to 1 Million per acre. It may be 5 to 10 years (or longer) but your investment here is going to pay off like no other we think! A great 1031 investment, great rental potential too- moreover just a perfect country property for anyone wanting level usable land with great buildings and setting! Home sits way back off Rosa Road and is so very private! Call Broker for a full packet!
MlsNumber:	24526576

Listing Provided By:	MORE Realty, original listing
Name:	MORE Realty
Phone:	(503) 353-6673
Office Name:	MORE Realty
Office Phone:	(503) 353-6673
Agent Name:	Dirk Knudsen
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