Home for Sale at 1448 E 155 S, Lindon, UT 84042

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1448 E 155 S
Lindon, UT 84042

Casey Williams with Equity Real Estate (Advisors), original listing - (801) 636-3500

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Property Details

List Price:	$1,800,000
Beds:	8
Baths:	Full: 4, ½: 3
Status:	Active
SqFt:	--
Agency:	Equity Real Estate (Advisors)
Agency Phone:	(801) 636-3500

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1996
Notes:	Stunning custom home with breathtaking views of the entire Utah Valley! Sitting on .39 acres this garden oasis is the perfect home for your family and entertaining. Stylish and upscale remodel recently completed on the main level including new paint, new flooring, large pantry, and waterfall island with rare Blue Bahia granite that compliments the sky outside the wide dining/entertaining area windows. Walk out onto the new deck to take in the sun and the resort style back yard as the kids and guests play in the custom pool with programmable LED lights, automatic cover, and adventurous water slide. BBQ conveniently close to the kitchen. This home is also ideal for large gatherings inside or out with a large covered patio. Main floor master with gas fireplace with huge master bathroom including stylish tub, custom granite waterfall sink, and automated 6 nozzle shower. The walk in closet with matching granite countertop has well laid out storage and it's own washer/dryer hookups. Downstairs highlights include a 200 gallon salt water fish tank behind the custom granite wet bar, climbing wall/gym area in kids bedroom, 3rd set of laundry hookups, and walk out basement to the upper pool deck with its own outdoor bathroom with laundry hookups. Spend your evenings unwinding in the 14 person hot tub surrounded by multiple gas fire features and a 14 speaker outdoor sound system, or just listen to the adjacent stream that winds back up to the back porch along side large natural rock steps and lush landscaping. Automated lighting throughout the home. The upper floor bedroom area finishes off the home with it's own private balcony where you can hide in the sun away from everyone!
MlsNumber:	--
ListingId:	2030900

Listing Provided By:	Equity Real Estate (Advisors), original listing
Phone:	(801) 724-6656
Office Phone:	(801) 636-3500
Agent Name:	Casey Williams
Disclaimer:	Copyright © 2024 UtahRealEstate.com. 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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