I am wondering why this beautiful 2000 sq ft home is priced under 100k? Is there something wrong with it?

Asked by Lisa, Seattle, WA Sat Jan 3, 2009

This question is about this property: http://www.trulia.com/property/1063781661-2468-E-Coronado-Rd…

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Paul Welden, Agent, Scottsdale, AZ
Sat Jan 3, 2009
Hi Lisa,

It's priced so low because of its condition. It needs a lot of repairs to make it livable. Also, the location of the property has something to do with the price. But mainly, it needs a lot of repairs to make it livable.

Buyer's Agent
Web Reference:  http://CheapPhoenixHomes.com
0 votes
Mr.P, , Arizona
Sat Jan 3, 2009
The price is now only 98K

The MLS listing states....

"BACK ON MARKET... WOW... EXCELLENT REMODEL OPPORTUNITY! Property has a separate guest house/apartment upstairs, 2 car garage & carport off alley. TLC and updating needed throughout. Condition of pool is unknown. Lender owned, no clue, no SPDS; buyer must do all due diligence. CONTRACTS MUST INCLUDE LSR OR PROOF OF FUNDS TO BE SUBMITTED. Utilities can not be turned on... check with your lender BEFORE writing a contract. WILL NOT GO FHA/VA!"

Like Paul says.."Its the condition"

Are you handy?

Web Reference:  http://WWW.AZRE.TV
0 votes
Stew Keene, Agent, Scottsdale, AZ
Sat Jan 3, 2009
Check your crime stats...
0 votes
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