Home for Sale at 16612 Edge Gate Drive, Riverside, CA 92504

16612 Edge Gate Drive
Riverside, CA 92504

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Property Details

List Price:	$1,199,000
Beds:	4
Baths:	4
Status:	Active
SqFt:	3512
Agency:	eXp Realty of California, Inc.

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Description/Comments

Lot Size:	59,677 sqft
Property Type:	Residential
Year Built:	2003
Notes:	MOCKINGBIRD CANYON- BRIDLE CREEK- This gorgeous home has brand new white porcelain flooring on the first floor and beautiful laminate flooring on the second floor. This home is shrouded by mature California Pepper Trees older than the house itself and elevated on a lofty promontory lot. This home enjoys gentle cool breezes and spectacular sunset views! If you are looking for a place that has the fundamentals of serenity, privacy, security and just the right touch of fancy and captivate all who enter the gates. Large formal living and dining rooms; Separate study with two-way fireplace between the living room; Spacious family room open to the island kitchen; 4 large family bedrooms including the luxurious master suite with access to the second level lanai. Spectacular place for the treat of smells of Sage and Citrus blossoms throughout the year; Private Orchard comprised of a variety of Citrus, Avocado, Pomegranate and even Grape Vines.<br /> The sounds of streams, frogs, and birds among the whisper of the breezes through the Peppers; Recreation abounds with trees and boulders to climb, trails to explore and views in every direction to enjoy! A custom playhouse and shaded "Secret Kingdom" for the children to enjoy the serenity this place offers. A three car-tandem garage and ample off street parking; The community offers the exceptional amenities of improved horse trails and a day use equestrian center with stalls and a restroom. The community is filled with natural open spaces preserved to enhance the beauty and appeal of the neighborhood with mature Pepper Oak and Sycamores fed by natural water courses and streams supporting the rich wild-life community of Squirrels, Possums, Foxes and many bird species.
MlsNumber:	CV24097834

Listing Provided By:	eXp Realty of California, Inc., original listing
Name:	eXp Realty of California, Inc.
Phone:	(888) 584-9427
Office Name:	EXP REALTY OF CALIFORNIA INC
Office Phone:	(888) 584-9427
Agent Name:	Maria Nunez
Disclaimer:	Copyright Â© 2024 California Regional Multiple Listing Service, Inc. 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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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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or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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