Home for Sale at 1177 Estates Dr, Lafayette, CA 94549

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1177 Estates Dr
Lafayette, CA 94549

Ann Newton Cane with Golden Gate Sotheby's Int'l Re, original listing - (925) 283-7866

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Property Details

List Price:	$7,450,000
Beds:	6
Baths:	Full: 7
Status:	Active
SqFt:	9985 Square Feet
Agency:	Golden Gate Sotheby's Int'l Re
Agency Phone:	(925) 283-7866

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Description/Comments

Lot Size:	0 sqft
Property Type:	Residential-Single Family Residence
Year Built:	1981
Notes:	Ultimate privacy in every direction, as 7 acres of surprisingly low-maintenance landscaping provide seclusion and inspiring nature views. Situated on a knoll graced with huge oak trees, this home’s only owner was a prominent local builder. Featuring nearly 10,000 SF of custom living space, it’s comfortable for everyday living but designed for entertaining on a grand scale in the wide-open foyer, living and family rooms with wet bar. On the entry level, the primary suite consists of a huge bedroom, adjoining office/gym, and an en-suite bath with spa tub and shower, and dual sinks, water closets and walk-in closets. Also on the main level are the dining room which easily seats 12, the kitchen and breakfast nook, both with treehouse views and nearby access to the 4-car garage. Light-filled with picture windows, this home sets up perfectly for multi-generational living, with a studio under the garage, and the mid-level bedroom both with direct exterior access. Lower-level bedrooms are en-suite, and everyone will enjoy the recreation room, which has a wet bar and room for gaming. The adjacent full bath, which also has a sauna and steam shower, serves the huge stone deck patio, swimming pool and spa, and grass play area. Tennis court easily converted to pickleball. Extensive storage.
MlsNumber:	--
ListingId:	41083215

Listing Provided By:	Golden Gate Sotheby's Int'l Re, original listing
Phone:	(925) 283-7866
Office Phone:	(925) 283-7866
Agent Name:	Ann Newton Cane
Disclaimer:	Copyright © 2025 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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.

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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.

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