Home for Sale at 583 Thrush Drive, Big Bear Lake, CA 92315

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583 Thrush Drive
Big Bear Lake, CA 92315

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Property Details

List Price:	$699,000
Beds:	3
Baths:	2
Status:	Active
SqFt:	1771
Agency:	RE/MAX Big Bear

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1964
Notes:	Just a stoneâ€™s throw from Snow Summit Ski Resort, this single-level home presents an open concept living area that's both inviting and stylish, with a vaulted ceiling and skylights that drench the space in natural light. The heartbeat of this space is the native rock wood-burning fireplace, perfect for those chilly mountain evenings. With three comfortable bedrooms and two full bathrooms, the master suite is particularly noteworthy, offering T&G walls that add a touch of mountain chic, while the spacious master bath promises relaxation with its jetted tub and separate shower.<br /> The kitchen, equipped with stainless appliances and ample storage, flows seamlessly into the dining area. Convenience is key in this home, with full laundry facilities discreetly located off the kitchen. There is added peace of mind provided by a new furnace. The covered front porch and back deck offer additional spaces for relaxation. A paved walkway leads the new hot tub, a perfect retreat after a day of adventure. This centrally located gem is the epitome of easy mountain living with its year-round, level access and proximity to Big Bearâ€™s most renowned attractions including the lake and Village. Fully furnished and turnkey, this home is not only a personal retreat but also an established vacation rental. All the amenities you need for a memorable stay are included, leaving you nothing more to do than to bring your suitcase and start enjoying mountain life at its finest.
MlsNumber:	32401298

Listing Provided By:	RE/MAX Big Bear, original listing
Name:	RE/MAX Big Bear
Phone:	(909) 866-6161
Office Name:	Re/Max Big Bear-Fox Farm
Office Phone:	(909) 866-5062
Agent Name:	Mark Dolan
Disclaimer:	Copyright Â© 2024 Big Bear 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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