Home for Sale at 3229 Surmont Dr, Lafayette, CA 94549

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3229 Surmont 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:	$4,900,000
Beds:	7
Baths:	Full: 5
Status:	Active
SqFt:	6230 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:	1963
Notes:	Incomparable Mt Diablo views distinguish this 6,230 sq ft home. 4 of the home’s 7 bedrooms, and the elegant living and dining rooms, offer stunning perspectives on that iconic landmark. The foyer leads to the 884 sq ft family room. It sits under elevated ceilings and over distinctive white oak hardwoods, and a fireplace wards off winter chill. This room flows into the well-appointed kitchen, which features elite appliances, an island, walk-in pantry, and garden views. The living room (with fireplace) and dining room adjoin, each with windows to capture views. Work from home is easy in the spacious office with garden views. 4 bedrooms lie downstairs; 3 more (including the principal suite) are up the circular stairway. The latter bedroom covers 544 sq ft under a beamed ceiling and skylight, with a sitting room/office and deck alongside. The en-suite bath offers mirrors everywhere, dual sinks, and a shower with a deep bathtub. The closet is immense. Downstairs, 2 bedrooms have mountain views; the guest suite has pool/garden views with a fireplace, en-suite bath, and tiled floor. The back yard features the pool, spa, grassy area, and outdoor dining area under a pergola. Nearby Taylor Blvd brings one quickly to Springhill Elementary, Acalanes High, and Lafayette’s restaurants.
MlsNumber:	--
ListingId:	41094100

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.

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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