I suggest you consider the fact that few lots are available, this lot is somewhat unusual in confiuration for the area; remember, market really means in real estate terms, what will someone pay to own it? The most important factors are still location, availability, use potential, cost to develop. Examine it in that light and see what you determine. Liz... more
The property at 8549 Irwin Rd in Bloomington is sold. There are several complexes in the area. They have a lot of amenities but the ones like 8549 Irwin Rd are geared more toward adults. Bloomington so you know the area has a variety of schools, shops and businesses.Also close by are the suburbs of Edina, Eden Prairie and other suburbs. Edina boasts Southdale Mall, theaters, restaurants and great schools. There are also many natural areas for walking, biking and other outdoor activities
I know the Bloomington and surrounding areas well.Email me with your phone number. I would be happy to assist you look for a home.
On the local MLS the last time for sale was on June 2006.
Right now is not for sale on the MLS.
It was "sold" on sheriff Sale on May 2009.
Date of Sale: 5/28/2009
Type of sale: Mortgage
Redemption Expiration Date: 11/30/2009
Deputy Sold By: Sgt. Brad Erickson
Law Firm/Attorney: Usset & Weingarden
Unverified Common Address: 10100 1st Ave S, Bloomington
Redemtion period is expired.
Home could be for sale anytime. Any reason for this particular home?
Your mortgage lender is almost certainly going to require flood insurance; you will also want to take out the owner's policy as well as the one that protects the lender, and you should take the owner's title insurance as well as the one that protects the lender. Be very careful with this; your real estate agent's due diligence should help you get the information you need and you can always call the consumer affairs department of the Attorney General for the state of MN to make sure of your rights and needed protections now and in the future as the owner of this property. I hope this helps. Liz, 612-986-4105... more
Getting things in writing will depend on the listing agent and the whoever holds the mortgages - and it will vary greatly. I have seen instances where banks respond in less than an hour and others have gone 3-4 months with no response.
I am not surprised that they are asking for you to pay the $200. The seller (current owner) could care less since the house is being taken from them by force and the bank isn't going to pay it. If you want the house you will have to put up with quite a few of these oddities.
If you don't have a good agent with a lot of experience working with banks, I would recommend that you get one to work on your behalf.
The Minneapolis Area Association of Realtors actually publishes a report that compares the prices in 2008 to 2007 for over 125 different cities. Below is a link so that you can see the actual report for Bloomington.
It looks like prices are about 9.5% lower year to date from 1 year ago. However, even with this decrease from last year, we are still up over 29% in Bloomington since 2001.
Take care and let me know if you have additional questions.
I did a quick search and found 8 homes in the southern suburbs on at least 1/4 acre that might work for you. Commute time really varies in Bloomington, depending on where you work. If you send me the address of your potential employer and let me know how long you consider as reasonbable commute time, I can be more specific about options, and can send you detailed information. My email is firstname.lastname@example.org. I hope to welcome you to Minnesota!!... more
Be careful. The owner in the house has up to 6 months from the sheriff sale to reedeem the property, if you stop paying rent he can have you evicted. Up to the date of redemption the owner of the home has to sign off on any purchase agreement. In these situations you need someone (Realtor w/short sale exp) to work with the owner to find out motivations and what might be a workable solution so everyone wins.... more