|
|
Midtown Townhouse |
|
|
|
Mount Vernon Commons
|
 Map available |
Download Center |
Here's a midtown townhouse for a very affordable price well-below its tax assessed value and recent sales. That's because of condition. Stains/mildew throughout the second floor will need to be addressed. See photos in the photo tour below. The bank that foreclosed has requested bids for addressing the issue, one of which is in the information package attached. However, the listed price which is about $45,000 below recent sales of similar units in superior condition, is the as-is price and does not include the idea that the bank-owner will pay for repairs of any kind at this price.
If the seller decides to upgrade the home, the price may be increased to a higher value to reflect the improved condition of the property. Further bids will be in the information package when more have been received.
The home is a two-story design with all bedrooms upstairs, and a bath. There's a powder bath on the main level. These homes have both a carport and a garage, which enclose a yard that is very private.
It is still your responsibility as buyer to do your own due diligence on this or any property.
This is an acquired asset of a lending institution. The property is being marketed in its "as-is" condition. There is no property disclosure form being provided. Please call me concerning their policies and practices, including special forms and procedures to follow. The seller's standard contract forms are available for review in the information package.
Conventional financing with a large down payment, or an all-cash purchase, would be best for a property in this condition.
Photo Tour
Click any thumbnail to display a larger image
Directions: East on 34th from Arctic. Past Bering, 1st left into the community. Home on the left. Enter through carport to courtyard behind it.
|
