Home for Sale at 62901 Burn RD, Vernonia, OR 97064

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62901 Burn Rd
Vernonia, OR 97064

Andrea Jones with John L. Scott Market Center, original listing - (503) 844-9800

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Property Details

List Price:	$1,100,000
Beds:	3
Baths:	Full: 1
Status:	Active
SqFt:	2524 Square Feet
Agency:	John L. Scott Market Center
Agency Phone:	(503) 844-9800

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	24 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1978
Notes:	One-of-a-kind property featuring Lodge-like home overlooking 24.68 acres of secluded peacefulness including a pond with an island & gazebo, cozy cabin with its own well & septic, large shop with plenty of rooms for equipment and toys. The main house has extensive woodwork throughout the three levels and high ceilings and views that go for miles. A ladder leads up to the loft for reading, crafts and continued views. The primary bedroom is on the main floor along with the kitchen, dining room and living room with cozy wood burning fireplace as well as an extra den/study. Downstairs is a fully finished daylight basement with an exterior entrance and another living area with propane stove, two additional bedrooms, pantry, laundry room, bathroom & office. Bring your finishing touches to make it shine! Expansive deck and exterior sink for outdoor entertaining. Explore further outside and find a shop with its own generator, two tandem drive-thru garages as well as several insulated rooms & impressive loft. The outbuilding and greenhouse have plenty of potential and room to add more. Take a ride or walk down to the pond to enjoy the wildlife that abounds and cross to the private island with a gazebo. A little further up the trail past the pond full of wildlife, a small cabin with all the rustic necessities awaits for a peaceful stay. This unique property is located approximately 7 miles past the picturesque town of Vernonia which provides all the basics of small town living as well as several restaurants, antique shops, linear trails, Vernonia Lake and Rock Creek/ Nehalem River. Come enjoy this private oasis and call it home today!
MlsNumber:	--
ListingId:	24256066

Listing Provided By:	John L. Scott Market Center, original listing
Phone:	(503) 844-9800
Office Phone:	(503) 844-9800
Agent Name:	Andrea Jones
Disclaimer:	Copyright © 2024 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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Property Details

Map Details Show Map | Show StreetView

Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing