Home for Sale at 14124 Marsha Way, Igo, CA 96047

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14124 Marsha Way
Igo, CA 96047

Kyle Russell with eXp Realty of California, Inc., original listing - (188) 858-4942 x7

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Property Details

List Price:	$350,000
Beds:	4
Baths:	Full: 2
Status:	Active
SqFt:	1404 Square Feet
Agency:	eXp Realty of California, Inc.
Agency Phone:	(188) 858-4942 x7

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Description/Comments

Lot Size:	5 acre(s)
Property Type:	Residential-Other
Year Built:	2004
Notes:	Mountains, everywhere you look! Welcome to 14124 Marsha Way in the quiet rural town of Igo, just 15 miles southwest of Redding and 20 miles west of Anderson. Get whisked away in the unobscured views of the Shasta Bally and Bully Choop Mountains to the northwest, the Yolla Bolly Mountains to the southwest, and Mt. Lassen to the east.<br /> <br /> Nestled on a sprawling 5 acre hilltop parcel is this 2007, 4-bedroom x 2-bathroom manufactured home on permanent foundation with modern updates, upgrades, and features. New roofs on the home and the 2-car garage done in Summer '23, along with interior and exterior paint, butcher block counters, cabinets and wood laminate floors. New concrete pad and 3-part water filtration system added Summer '24, enclose with a new 8x10 TuffShed. This gives crystal clear water to the home for drinking, cooking, showering, and doing laundry. The front yard is setup with irrigation which has had new equipment installed. <br /> <br /> Surrounding the home and garage is a fully fenced approx. 1-acre for kids or pets staying nearby while still having ample room to roam. Another approx. 2.5-acres goes down the asphalt driveway to Marsha Way (the only paved driveway on the whole road) with the last remaining approx. 1.5-acres on the north side of Marsha Way featuring a seasonal pond and a varied terrain great for exploring and observing wildlife.
MlsNumber:	--
ListingId:	25-55

Listing Provided By:	eXp Realty of California, Inc., original listing
Phone:	(530) 356-9246
Office Phone:	(188) 858-4942 x7
Agent Name:	Kyle Russell
Disclaimer:	Copyright © 2025 Shasta MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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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