Home for Sale at 38718 E HIST COLUMBIA RIVER HWY, Corbett, OR 97019

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38718 E Hist Columbia River Hwy
Corbett, OR 97019

Kenneth Cahill with John L. Scott /PTL Metro, original listing - (503) 665-0111

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Property Details

List Price:	$1,300,000
Beds:	4
Baths:	Full: 3, ½: 1
Status:	Active
SqFt:	3862 Square Feet
Agency:	John L. Scott /PTL Metro
Agency Phone:	(503) 665-0111

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Description/Comments

Lot Size:	2 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1952
Notes:	Discover the unmatched charm of the property known as Brickhaven, a Frank Lloyd Wright-inspired home nestled in the scenic Columbia River Gorge. This stunning 3,862 sq. ft. main residence, crafted entirely from reclaimed bricks and materials, is both an architectural marvel and a warm, inviting home. With 4 spacious bedrooms and 3.5 bathrooms, the house includes a unique guest suite featuring a kitchenette, dining area, private bathroom, and separate entrance for ultimate privacy. Inside, the expansive living room captures breathtaking views, setting the stage for cozy evenings by one of the home’s four fireplaces. High, beamed ceilings and custom built-ins highlight the artistry woven throughout, while remarkable mosaic tile accents bring color and texture to every space. The recently remodeled kitchen is a chef’s dream, complete with a massive island, dual sinks, two dishwashers, three ovens, and a wine fridge—ideal for entertaining. Complementing the main house, a 1,300 sq. ft. accessible second home with 2 bedrooms and 1 bathroom provides an additional living space or rental opportunity. This property offers a truly rare opportunity to own a unique, beautifully designed retreat in one of the most scenic areas in the Pacific Northwest.
MlsNumber:	--
ListingId:	24376274

Listing Provided By:	John L. Scott /PTL Metro, original listing
Phone:	(503) 665-0111
Office Phone:	(503) 665-0111
Agent Name:	Kenneth Cahill
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.

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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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