We are interested in Stone Village.Oro Valley. Is it a good investment at this time? At what square footage??

Asked by Househunter, Oro Valley, AZ Sun May 8, 2011

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Lindsay Liff…, Agent, Tucson, AZ
Sun May 8, 2011
Hello...The prices in Stone Village have come down significantly by 30 to 40% from the highs. As of today all homes in Stove Village are in escrow.

There is currently a bank owned home in escrow on Lone Mesquite in Stone Village ....2543 SQ.FT. at $369,900...which is listed at $145.46 SQ.FT. I have seen it and it needs work. The backyard faced North with a Tortolita Mountain view. We shall see what it closes at but am sure it will be for less $ per SQ.FT.

Across the street on Lone Mesqutie there is an owner occupied home in escrow....2528 SQ.FT. at $479,900...which is $189.68 per SQ.FT. I have seen it also and it is beautiful and in perfect condition...it has a guest house and pool with views. No final sales price yet as it just went into escrow today.

Another home on Par Four is in escrow (regular sale not bank owned or short sale)...3114 SQ.FT. at $430,000 ...$138.09 SQ.FT. I have also seen it and it is in great condition. Nice mountain view.

The most recent closing was a bank owned home on Par Four which closed in January. It was a 2528 SQ. FT bank owned home closed at $314,000 which translates to $128.13 per SQ.FT. Not a reall good lot...it was an interiour lot with a wall and home behind...no view from the back yard.

Each home needs to be evaluated as to condition, location and size. A good buyers agent will help you evaluate and determine the value and the right offer to make.

Lindsay L
Lindsay L. Liffengren
ABR,CRS,Broker Associate
Relocation Specialist
RE/MAX Excalibur
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