Home for Sale at 10600 Pine DR, Wofford Heights, CA 93285

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10600 Pine Dr
Wofford Heights, CA 93285

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Property Details

List Price:	$194,900
Beds:	2
Baths:	1
Status:	Active
SqFt:	783
Agency:	Freeman's Lakeside Realty

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1981
Notes:	Looking for a true Retreat Cabin of your own? One surrounded by trees, with character and charm and amazing outdoor living spaces but also some unique features? You just found it, THIS...is the Cabin! Check out the 3D Inside and Outside Tour to see! Located right in the lovely Hamlet of Alta Sierra very close to the Shirley Meadows Ski Lift and just minutes from Lake Isabella and Kernville and the Kern River, this Cabin is a beauty. The main Cabin was built in 1981 and has a modern Full Kitchen, 3/4 Bath and large Primary Bedroom. There is really charming Bunkhouse as well, built in 1950 that has two beds, electric and a wood burning stove with it's own private entry. Both share a Concrete Driveway to the property and Large Wrap Around Deck and a Workshop with Counter space. Outdoor living spaces on this property are truly unique, LOTS of Decking and space for entertaining and wondeful views of the forest, sitting outside you feel like you are IN the trees. This Cabin has been lovingly maintained and used as a vacation property over the years and is ready for a new owner to love it like it is loved now, as a place of refuge and retreat and renewal and peace. Come see for yourself!
MlsNumber:	2604896

Listing Provided By:	Freeman's Lakeside Realty, original listing
Name:	Freeman's Lakeside Realty
Phone:	(760) 379-5915
Office Name:	Freeman's Lakeside Realty
Office Phone:	(760) 379-5915
Agent Name:	Matthew Freeman
Disclaimer:	Copyright Â© 2024 Southern Sierra 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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