Home for Sale at 3839 Patricia Ln, Reno, NV 89512

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3839 Patricia Ln
Reno, NV 89512

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Property Details

List Price:	$240,900
Beds:	3
Baths:	2
Status:	Active
SqFt:	1344
Agency:	Reno Cascade

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Description/Comments

Lot Size:	--
Property Type:	Other
Year Built:	2021
Notes:	This is a 3 Bedroom and 2 Bathroom house. Offering a large Master Bedroom with a large closet, a master bath and an open floor plan. Living at Reno Cascade means being part of a community where you can fulfill your active lifestyle and enjoy the best view of Reno from your backyard. While living at Reno Cascade you will also gain access to the amenities offered. -Breath-taking views of Downtown Reno -Vista with firepit -Swimming pool -Playground -24-hour fitness center -Pool tables -Clubhouse with full size kitchen -RV Storage This mountain-side community offers breath-taking views of Downtown Reno and the spectacular surrounding mountain ranges. You can enjoy the beautiful clubhouse with its floor to ceiling windows as you look out over the valley. Or perhaps a quick work out to begin your day before venturing out to enjoy all that Reno has to offer. If billiards is your game, then gather with friends and neighbors as you watch the sunset. Financing also available. OAC All home buyers must apply for residency in our community. Reno Cascade is an Equal Housing Community. Our state dealers license number is D1346. Interested in financing? Third party lenders may be available.
MlsNumber:	11282989

Listing Provided By:	Reno Cascade, original listing
Name:	Reno Cascade
Phone:	(866) 647-3099
Office Name:	Reno Cascade
Office Phone:	(866) 647-3099
Agent Name:	Luisana Carrillo Diaz
Disclaimer:	Copyright Â© 2024 My State MLS. 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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