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5696 W Eldora Cir
Herriman, UT 84096
$999,980
Conventional
Property
Bedroom
6
Bathroom
4
Property Type
Conventional
Square ft
--
Property Description
Amazing Views! Open floor plan! Mother-in-law apartment! Huge storage room (2nd basement). Amazing views of the Salt Lake valley and the mountains from almost every room in the house! The floor plan of this custom home is amazing and very open. The living room has tall, vaulted ceilings and the loft above is open to give a large and open feeling. There are 2 very large family rooms, 2 kitchens, a large entryway and 2 stairways that go up to the upper loft. The main kitchen has an island and lots of space for dining. Granite countertops and stone tile throughout. 7 bedrooms (some very large), an office and 3.5 bathrooms. Large master bedroom with huge walk-in closet. Large master bathroom with his and hers sinks, large jetted tub and large walk-in shower. Huge deck with amazing views of the valley and mountains. Large patio under the deck with hot tub power hookups ready. Gigantic Storage Room! The storage area in this house can't be beat! There is a second basement (under the normal basement) that spans the entire footprint of the house (about 2,400 Sq Ft). The owners say "We were spoiled with so much storage space in this house!" In addition to this huge storage area, there are tons of shelves in the garage and another storage room for food storage. The basement is fully finished with 2 large bedrooms, a full kitchen, a large family room, separate access, laundry hookups, etc. The basement is perfectly set up for a large mother-in-law apartment. Walkout basement with great views of the valley and a fun fireman's pole for the kids. The garage has taller ceilings, tons of storage shelves and is deeper in the third car spot. RV parking to the side of the house. The house faces South, so the snow on the driveway melts much quicker than the neighbors across the street (unless there is a big snowstorm, the snow typically melts off on its own by the afternoon). Basketball standard in the front driveway and tons of parking. Neighbors are very nice and amazing (owners lived in this house for several years and are so sad to move because this house is so amazing)! The yard is amazing with tons of mature trees (springtime is geougeous with all of the flowering trees in the yard), a waterfall, some fruit trees and lots of rosebushes. The back yard is fully fenced and has a custom tree house, an in-ground trampoline and a shed. Recently updated with brand new carpets and fresh paint on main level and upper level. Christmas time is amazing in this house with the tall Christmas tree and the view of all of the Christmas lights in the valley below. Square footage of the basement on this MLS sheet says 4,910. This number is combining the square footage of both of the basements. Buyers to verify square footage.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2006
MLS Number
1998190
Location
Address
5696 W ELDORA CIR
City
Herriman
State
UT
Zip Code
84096
County
SALT LAKE (SOUTHWEST)
Listing
Provider
Town & Country Apollo Properties LLC, original listing
Name
Town & Country Apollo Properties LLC
Phone
(801) 224-1559
Office Name
Town & Country Apollo Properties, LLC
Office Phone
(801) 224-1559
Agent Name
Lynn Fillmore

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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.

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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.