Home for Sale at 1877 North Lake Boulevard, Tahoe City, CA 96145-0000

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1877 North Lake Boulevard
Tahoe City, CA 96145-0000

C. Kelly Smith with Centr-21 Tahoe North, Realtors, original listing - (530) 546-8224

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Property Details

List Price:	$2,095,000
Beds:	4
Baths:	Full: 3
Status:	Active
SqFt:	1886 Square Feet
Agency:	Centr-21 Tahoe North, Realtors
Agency Phone:	(530) 546-8224

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Description/Comments

Lot Size:	0 sqft
Property Type:	Residential-Other
Year Built:	--
Notes:	This opportunity doesn't come along often; this is your chance to enjoy the exclusive edge of the hilltop condo development at Rocky Ridge in Tahoe City. This unique condo is situated within a private, gated community that offers resort-style amenities, ensuring a luxurious and relaxing lifestyle. The community provides access to Burton Creek, ideal for hiking and biking, and features two pools, spas, a sauna, and a private sandy lakefront beach complete with a pier and buoys. All of this is surrounded by the stunning natural beauty of Lake Tahoe. The condo itself boasts 4 bedrooms and 3 baths, and has been extensively remodeled to blend modern luxury with rustic charm. The massive rock fireplace serves as a centerpiece in the living area, providing warmth and a cozy ambiance. The open beam vaulted ceiling adds a sense of spaciousness and grandeur, while the slab granite kitchen countertops highlight the home's attention to high-end finishes and details. One of the most striking features of this condo is the panoramic 180-degree lake views. Whether you're relaxing in the living room, cooking in the kitchen, or enjoying a meal in the dining area, the breathtaking scenery of Lake Tahoe is ever-present, offering a daily reminder of the natural splendor that surrounds you. This unique location at Rocky Ridge offers a rare blend of exclusivity, luxury, and access to a wide array of outdoor activities, all set against the magnificent backdrop of Lake Tahoe. Don't miss the chance to make this stunning property your own and experience the best of Tahoe living.
MlsNumber:	--
ListingId:	20241186

Listing Provided By:	Centr-21 Tahoe North, Realtors, original listing
Phone:	(530) 546-8224
Office Phone:	(530) 546-8224
Agent Name:	C. Kelly Smith
Disclaimer:	Copyright © 2024 Tahoe Sierra Board 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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