Property Q&A in Santa Rosa>Question Details

marcelaanton3, Home Buyer in Santa Rosa, CA

When will this property go up for auction?

Asked by marcelaanton3, Santa Rosa, CA Thu Jan 31, 2013

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2
Good question.

The home at 842 San Domingo Dr is set to go to auction on 2/6/13 at 12 PM at 575 Administration Drive in Santa Rosa. The published bid is $242,129.00 It is my understanding that auction may require all cash and can not be financed.

There is only one lien with Wells Fargo.

The home is 2 beds, 1 bath and 877 sq ft. The lot size is 6,098 sq ft. It was built in 1952.

Without knowing the condition of the inside I can not make an accurate estimate but without that information I would guess the home is certainly not worth the published bid amount and therefore would only be a good buy if purchased for under $150,000.00 or less given the uncertainty of acquiring a house without knowing its condition.

Auctions are really for savvy experienced buyers who have construction skills, experience renovating homes, and/or can afford to be wrong when estimating what to pay.

Just my two cents; Unless you fall into that category I do not think buying a home at auction balances risk to reward.

Call me if you are interested in discussing the full spectrum of ways to purchase distressed property.


Best,

Yarrow Kubrin
Realtor @ Keller Williams Realty International, Santa Rosa West
Certified Luxury Home Marketing Specialist (CLHMS)
Million Dollar Guild, Institute for Luxury Homes Marketing Member
Office phone: 707-206-4500
Mobile: 707-292-8400
Fax: 707-206-4600
Email: yarrow@yarrowkubrin.com
Website: http://www.yarrowkubrin.com
Website: http://www.yarrowkubrinluxury.com
http://www.linkedin.com/pub/yarrow-kubrin/6/159/72a
https://www.facebook.com/yarrowbayarearealestate
"Tireless, Truthful, Knowledgeable, Discreet"
0 votes Thank Flag Link Thu Jan 31, 2013
The house goes up for auction 2/6/13

Sonja Butler
The Samson Group, Lic 01498464
707-953-6752 cell ~ 866-749-8079 efax
1260 N Dutton Ave #185, Santa Rosa, CA 95401
0 votes Thank Flag Link Thu Jan 31, 2013
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