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!
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Paul I like your concept of featuring one of the better Real Estate values in Scottsdale.
Paul - I hope buyers in Scottsdale recognize the value of the opportunities that you are finding. While good deals may linger, great deals get snapped up quickly. Investors and homebuyers looking for a great deal need to be pre-approved and working with a Scottsdale real estate expert.
This is just the type of property and value buyers are looking for around here.
everyone is looking for a deal....this should go quick!
Paul - There are so many incredible investment opportunities. This one looks tremendous.
"Holy Sneakers" .....now this has to be a great deal to deserve this intro!
Paul,
There are bargains out there and it sounds as tho you have found one.
Bill - Gotta spread the news on the good buys!
Erik - So very true. Many buyers cannot wrap their minds around the fact that the very best deals still sell like it's the peak of the market. There is no shortage of people looking to cash in on the depressed market.
Lenn - I have a feeling the same is true of most markets. There is always demand for cheap, especially in a good neighborhood.
Kara - It absolutely will.
Tom - Amazing the prices we're seeing right now, isn't it?
Colleen - I don't trot out that expression lightly ;)
Don - Yep and yep!
Paul, that is a great price. Now let me blow your mind. Where I lived in Florida I saw a property that while at Countrywide one of my loan officers did the loan on it. The home was $800,000. That is a huge amount. I saw that the home has now sold for $300,000.
I think I know that guy in the cap there... he's hit on a few homes in my town as well. Very nice look at the attractive points of a foreclosure.