The town of Maricopa has plenty of homes and foreclosure listings for sale at $55 per-square foot. You can't say that about Chandler, Arizona, but there is at least one newer home at $55 per-square foot. This home was built by KB homes and is located in the subdivision of Cooper Commons. Here are the vital stats:
- built-in 2002
- 2,195 square feet on a 4,000 square foot lot
- three bedrooms, 2 1/2 baths, and a two-car garage
- located in the Chandler Unified School District; high school: Basha
Here is the financial history on the house:
- bought as a rental on September 16, 2005 for $325,000
- listed for sale on December 5, 2007 for $250,000
- reduced frequently until November 29, 2008 when the current price became $120,000
- scheduled for the trustee's sale on March 6, 2009 with an outstanding loan balance of $260,000
This house is a real estate short sale. After being on the market for 421 days, having six price decreases, and a total price reduction of $105,000, the bank will have a tough time arguing against that foreclosure listing price. After all, isn't a home only worth what someone is willing to pay for it.
The price is not bad for this kind of home. The stats is great as it is near the school premises and the amenities are perfect for a single family. Thanks for mentioning this to us.
-Audrey
Posted by: Aurora Colorado houses for sale | March 24, 2009 at 11:41 PM