We don’t often add an exclamation point on the subject line here at FDotD, but this one rates. Are you kidding us? $68 per sqft for a genuinely amazing home on 8 acres? That would seem to be well below replacement costs.
Poised behind an automatic security gate just outside Palo Cedro on the way up to Shingletown, this home is among the largest we’ve ever seen as a bank owned home. The garage alone, at 1564 sqft, is larger than most homes in our area. It’s located back off the highway enough to be nicely private, and it has several ponds on the acreage, probably seasonal. It seems to have never been completely finished, but it seems livable as it is. It seems they were going for a modern version of the Classic American Mountain Lodge look, like you might see in Yellowstone, and we’d say they got a good start achieving the goal.
JP Morgan, mind the knife, eh?
Records indicate it is now an unwanted asset of JP Morgan Chase, and old JP himself might have been right at home here. Representing the bank/seller is foreclosure listing agent Kevin Burns of Coldwell Banker. He writes of it:
“One of a kind custom built home on 8+ Acres. The home features: 4 bedrooms, 4 baths and approx 6454 square feet. Other features include: large dining area, den, huge loft area and so much more. HVAC units & master bathroom tub have never been installed.”
We can show you any home for sale around here, bank owned or not. Amazing or not. Whatever. Just call us! We rely solely on your calls and generous referrals.
Murray Hill is running for congress. Ol’ JP would no doubt approve:
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Pretty easy to do the math on this one. Looks like just under $100 per sq ft. It’s listed as a 1971 3/2 on a good sized 85′ X 135′ sized lot in the Enterprise area. It’s been listed for sale by foreclosure listing broker Diane Abair of Bears Den Realty. She writes:
“Great house, with new paint and carpet, termite repairs all done; popular location 4 Bedrooms; separate living and family room and laundry”
There is only the one photo, and you’ve already seen it. She says 4 bedrooms in the remarks but only 3 in the listing, so that will take some math. From records it appears to be a Fannie Mae property. Which means you already own some small part of it as a taxpaying citizen, since the Fannie Mae GSA was seized by the US Treasury, and is “now wholly operated by the federal government.” Recently, Fannie Mae and similar Freddie Mac have been in the news as they continue to block the release of information about their contributions to certain politicians. If the government keeping secrets from it’s own citizens doesn’t trouble you deeply, then you’ll get the government you deserve. Democracy is not something you are given, it is something you earn.
Call (530) 244 7603
We can’t help you fight government corruption maybe, but we can get you inside this particular government asset to see if it would make a nice home or investment. We rely on your calls and referrals, and are grateful for your continued patronage of our services. So call!
And, if you can afford to be smug and bemused like NPR, you can waste $1000 poking simplistic fun of the fraud that was Countrywide (now Bank of America).
Hey, check out those “aero” style kitchen cabinets. We’ve heard you can get that style at IKEA. You know what you’re in for here, when the best shot of the house is one obscured by bushes. We haven’t seen it in person but we’ll go out on a limb here and call it a fixer. [...]
Today’s FDotD is nestled in the tall pines of the Lake McCumber neighborhood. They get some snow up there, as you can see. But it’s really nice in the Summer months, when it gets really hot in the Valley, and Shingletown beckons with cool breezes in the pines. This one seems to be an unwanted [...]
Here’s a rare modern 4 bedroom 2 bath home in a terrific price range for first time homebuyers. It seems likely you can buy this home for about the same as you would pay in rent. Listed as 1663 sq ft on a 79 X 120 lot, it’s a good sized home on a good [...]
This bank owned home has been for sale for almost a year, under 4 different agents, starting at $529K. We have some folks interested in properties with similar features so we went out for a look. On the surface it has a lot going for it: a big modern home, elegant country style, 2.4 acres [...]
Today’s FDotD is a 1995 3/2.5, of about 1214 sqft. From records, it seems to have last sold in 1999 for $81K. Which means that despite it’s current very low price, this home has appreciated in value at a rate of better than 5% per year. You could do worse on an investment, and can [...]
Today’s luxury FDOtD was filled with fine furnishings when last we saw it on the Association of University Women’s Home Tour a couple years ago. Poised elegantly on the western slope of one of the central peaks of Redding, and surrounded by equivalent luxury homes, it has a total western aspect. As you can see [...]
Regular FDotD viewers will recall this one from Jan 1. Back then, it was priced at $158K, and sold right away. We got a few calls on it (call back please!). Not sure what happened to that escrow, but here it is again for a mere $10K more. If you recall, there’s a 24 [...]
Here’s a HUD home for sale. These have different rules about purchase. This one can only be bought by an owner occupant up until March 7, after which bidding from investors can be considered. This one looks intriguing for the price. Another different aspect to purchasing these homes is that there is a Home [...]
Peak Performer Team
Coldwell Banker C + C Properties
Erin Murphy - REALTOR®
DRE lic 01710206
Skip Murphy - REALTOR®
DRE lic 01423715
2120 Churn Creek Rd Suite A
Redding CA 96002
(530) 244 7603
skip_murphy(at sign)Hotmail.com
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Recent Local MLS Institutional Sales statistics:
Mar 5 2010
177 bank-owned homes for sale
126 bank-owned homes pending sale
255 short-sale homes for sale
157 short-sale homes pending sale
5 HUD homes for sale www.ReddingForeclosures.info
