Home for Sale at 22118 E YAKIMA LN, Rhododendron, OR 97049

22118 E Yakima Ln
Rhododendron, OR 97049

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Property Details

List Price:	$819,000
Beds:	3
Baths:	2
Status:	Active
SqFt:	2319
Agency:	Columbia River Properties

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	2007
Notes:	Nestled among the trees on Mt Hood, this home is tucked away on 1 acre and near lots of recreation with the Sandy River, and the Mt Hood National Forrest. The main living area has vaulted ceilings and an open concept, yet is is warm and inviting. Light and bright kitchen has tile floors and countertops, a large pantry, and eat at island. Large windows in the living room, look at your park like yard and trees. Oversized bedrooms can accommodate your guests comfortably. The hallway bath has a separate sink area from the bathroom. Master retreat looks out into your backyard, large walk in closet and spacious bathroom features a walk in shower, soaking tub and room for a vanity. A generous laundry room opens into the attached garage. Outside you will find the 24 x 30 Shop with a mezzanine. 2 roll up doors and 3 phase electric. The property is set up to be generator ready if buyer chooses. Backyard is fenced and surrounded by trees for complete privacy. Property is serviced with a well, water softener and sand filtration septic system. Wildwood recreation site is .64 miles away, and Hoodland Park is 2.4 miles away. Just a few of the recreational areas within minutes of the property. So if your ready to retire from the city and enjoy nature or your an outdoor enthusiast and like to hike, fish and ski this property is waiting for you!
MlsNumber:	24556057

Listing Provided By:	Columbia River Properties, original listing
Name:	Columbia River Properties
Phone:	(541) 296-1026
Office Name:	Columbia River Properties
Office Phone:	(541) 296-1026
Agent Name:	Ellie Webb
Disclaimer:	Copyright Â© 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.

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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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing