The Scottsdale Real Estate Files

Put that down!  That's nacho cheese!

Well, in this case, I suppose it is yours.  In this economy, who isn't interested in holding on to as much of their cheese as possible?  As such, many Scottsdale home shoppers are passing on the pricier properties and heading straight to the bank-owned aisle.  With values such as the ones I encounter on a regular basis, who can blame them?

The Scottsdale Foreclosure Value of the Week is located in the prime McDowell Mountain Ranch planned community in North Scottsdale.  Originally developed in the early 1990s, this community is nestled at the base of the majestic McDowell Mountains and features some of the finest amenities (including community pools, walking paths, rec center, etc) in the entire Valley.  Boasting million dollar plus properties in a few of its exclusive subdivisions (Trovare, Sonoran Estates, etc), point of entry cost into McDowell Mountain Ranch is typically prohibitive to many.

Today's steal is a 5 bedroom Ryland home of approximately 2600 square feet with a pool.  On an interior lot which backs to one of the natural arroyos that define McDowell Mountain Ranch living, this bank-owned steal is listed at just under $430,000. 

Folks, this property sold for $675,000 in May of 2006.  I have not physically viewed this property as it just hit the market, but it appears to be in decent condition and includes upgrades such as stainless steel appliances, granite kitchen counters and pebble-tec pool surface. 

For more information on this and other Scottsdale foreclosure bargains, contact me at paul@rayandpaul.com.  To search the Scottsdale MLS, visit me at Scottsdale AZ Real Estate.

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Ray and Paul Slaybaugh, Your Guides to Value in Scottsdale AZ Real Estate!

(480) 948-9450

paul@rayandpaul.com

Holy Sneakers!  The Scottsdale Foreclosure Value of the Week is a 1416 square foot, 3 Bed / 2 Bath red brick home in South Scottsdale for … drum roll please … $160,000!

Built by Hallcraft in the late 1950s, this entry level subdivision of Scottsdale Estates is minutes from Old Town Scottsdale,  Sky Harbor Airport, the Loop 101 Freeway, ASU and Scottsdale Community College.  Homes typically sell in the mid $200,000s nowadays for properties in average, to slightly below average condition.  Matter of fact, the bank actually purchased this one back at auction for $230K according to public records, so you get a feel for the kind of bargain this is.  It will go fast, and it will need work!

If you need any convincing on the quality of the neighborhood, I’ve owned two properties in the subdivision and sold countless others.  Great for use as a primary residence as well as an investment property given the price point and abundance of possible tenants (students, professionals, retirees, etc). 

For more information on this or other bank owned property opportunities in Scottsdale, contact your Scottsdale AZ Real Estate experts today!  And don’t forget to sign up for email alerts which will notify you of updates to this blog by clicking the button below!