Home for Sale at 11391 Algerine Rd., Jamestown, CA 95327

11391 Algerine Rd.
Jamestown, CA 95327

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Property Details

List Price:	$1,150,000
Beds:	1
Baths:	1
Status:	Pending
SqFt:	776
Agency:	KW Sierra Foothills

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Description/Comments

Lot Size:	143 acre(s)
Property Type:	Residential
Year Built:	2005
Notes:	143 ACRE RANCHETTE with rolling pastures and 2 YEAR-ROUND CREEKS. This unique property is just over 10 minutes to major shopping, yet provides a rural setting that can accommodate an array of uses. Whether you are looking to farm or simply seek more privacy and land this property is well suited to meet your needs. Established onsite is a 1 bedroom studio above a finished 2 car garage with all your essential needs of a full kitchen, bathroom, laundry and central heat & air. A smaller fenced pasture surrounds the studio to keep livestock within and offers water in multiple locations. Below the home sits a detached workshop plenty big to store recreational vehicles, work on projects or provide storage. As you explore the grounds and head towards the back end you will cross Sullivan Creek and reach the crest of the hill. From the back center you will find scenic views and seasonal streams. Explore a little further and you will come across Curtis Creek as it crosses over along a section of the Southern boundary. Some perimeter fencing is in place as the property was previously leased for cattle. The current zoning of AE-37 allows for 2 homes per 37 acres, offering the potential of an accommodating homestead. As Mark Twain put it best, "Buy Land, They're not making it anymore."
MlsNumber:	20240650

Listing Provided By:	KW Sierra Foothills, original listing
Name:	KW Sierra Foothills
Phone:	(209) 694-8077
Office Name:	KW Sierra Foothills
Office Phone:	(209) 694-8077
Agent Name:	Kayla Njirich-Weldon
Disclaimer:	Copyright Â© 2024 Tuolumne County Association of Realtors. 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.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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