Property Q&A in Santa Rosa>Question Details

Summer, Home Buyer in Sausalito, CA

Is the price low because it's a small home, or is it a tear down or in a bad neighborhood?

Asked by Summer, Sausalito, CA Sat Nov 22, 2008

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Hi Summer,

This is a bank-owned REO property. According the the listing this home is not bank financeable in its present condition - meaning it's a fixer. CASH ONLY SALE. Remember, banks do not want to hold onto properties so it is priced to sell quickly. And yes, at 581 sq. ft., it's pretty small.
In 2004, it sold for $361,000.
0 votes Thank Flag Link Sat Nov 22, 2008
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