I am getting many requests for Bank owned homes.. People keep asking me for lists. First off, all we do get lists directly from many banks. Most banks are going to list their inventory across the multiple listing service to get as much exposure as they possibly can. Banks are getting a lot smarter than many people are giving them credit for. They have already made the bad loan, so if they are going to reposess the property, make no mistake they are going to recoop as much of their money as they possibly can. Often times, people correlate Bank owned home with the word “deal”
To be honest, most of the incredible deals, or buys we have seen lately have been the opposite. An individual owner who wants out, and can afford to get out. Here are a list of the area’s we are getting many Bank Owned properties…
Bank Owned homes in Sandy,
Bank Owned homes in Salt Lake City,
Bank Owned homes in Riverton,
Bank Owned homes in South Jordan.
Bank Owned homes in Park City,
Bank Owned homes in Draper
Bank Owned Homes in West Jordan..
And basically every other suburb of Salt Lake City, UTAH. Again, remember some of the best deals are normal private sellers. banks can’t lose any more money than they already have.. So if you are still interested in a bank property, let me know and I will email you the spreadsheet..
Spencer Janke
spencer@utahcribs.com
We continuously receive many inquiries into the East Side of Salt Lake City UTAH for the Sugarhouse area. This is a Sugarhouse home that everyone should look at. Location, Location, Location.. You can not get a better address than this. 9th South, and 9th East. In the heart of SugarHouse Utah.Okay everyone this home’s price has been lowered significantly from last year. We have actually showed it to two different clients when it was listed at $249,000 in the summer of ’08 and last fall. It does need work, but with the new price reduction down to $198,400, the value can be there. It sold in 2007 for $245K, and is now bank owned. Let me know what you think about it. Give us a call if you have any question.
Spencer Janke spencer@utahcribs.com 801-671-7877
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| List Price: $198,400 |
MLS# 833977 |
Stat: Active |
Ref # 1 |
| Address: 1012 E 900 S |
Type: Single Family |
Style: Bungalo/Cottage |
| City: Salt Lake City, UT 84105 |
Project: |
| Prop. Tour: Tour |
NS/EW: 900 S / 1012 E |
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Tot Sq Ft: 1942
Tot Beds: 3
Tot Baths: 2.00
Family Rms: 1
Fireplace: 1
Gar|Port: 1 | 0 |
Yr Built: 1919
Taxes: $1,597
Acres: 0.08
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 60% |
| Exterior: Brick |
| Lot Facts: Curb & Gutter, Paved Road, Sidewalks, Terrain,Flat |
| Features & Info: Patio Covered / Hardwood Floors, Range Oven Free Std. |
| Inclusions: |
| Remarks: GREAT HOME/GREAT LOC. AT 9TH & 9TH Clse to the U of U &dwntwn. Home shows well inside w/recent upgrades Lrg cvrd front porch w/lots of orginal wood trim Bank owned sold “As Is” Min $1000 Ernst Mon. **INSTAMORTGAGE FINANCING IS AVAILABLE** |
Information deemed reliable but not guaranteed. Buyer to verify all information. |
Ok, I am sure this did not surprise any of you. But the Ledges Golf Course in St. George Utah. Is going to foreclosure. This development is amazing, I love playing this course. A lot of these high end developments in St. George Utah have been hit really hard in this down turn. Now is a time to capitalize on the downturn. We have a client putting together an investment group looking to purchase “The Ledges” at St. George our of Foreclosure. This development comes with the Clubhouse, golf course and all the fixtures and furniture to run the business, see attached info PDF on the development. the-ledges-acquisition-summary
This short sale in Draper UTAH, has been approved at $379,000. It is 1.34 acres and has the possibility of shaving off one acres and then subdividing it. Great potential. The house itself is 4,200 sq feet and ready for a new owner today. This is a great buy in Utah. If you are looking for a deal this is it.. Think about it, if you wanted to you could subdivide the 1 acre, and live in the home.
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Presented by: Brad Miles 801-428-7223
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| List Price: $379,000 |
MLS# 814366 |
Stat: Active |
Ref # 1 |
| Address: 960 E NEW HOPE DR |
Type: Single Family |
Style: Tri/Multi-Level |
| City: Draper, UT 84020 |
Project: |
| Prop. Tour: Tour |
NS/EW: 12900 S / 960 E |
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Tot Sq Ft: 4200
Tot Beds: 4
Tot Baths: 3.00
Family Rms: 2
Fireplace: 3
Gar|Port: 2 | 0 |
Yr Built: 1975
Taxes: $3,038
Acres: 1.34
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100% |
| Exterior: Aluminum/Vinyl, Stone |
| Lot Facts: Corner Lot, Fenced Full, Secluded Yard, Sprinkler – Auto-Part, Terrain,Flat, View, Mtn, Wooded, Private Yard |
| Features & Info: Animals Permitted, Double Pane, Horse Property, Out Bldgs, Patio Covered, Storm Doors / Den/Office, Dishwasher, Disposal, Formal Dining, Gas Log, Hardwood Floors, Range Oven Built In |
| Inclusions: Basketball Std, Ceiling Fan, Gazebo, Hot Tub, Range, Storage Sheds |
| Remarks: PRICED TO SELL-SUBJECT TO 3RD PARTY APPROVAL-HUGE POTENTIAL ON THIS PRIVATE LANE HOME WITH A PARK LIKE SETTING-LAND VALUE ALONE IS WORTH SALES PRICE!!!!! |
Information deemed reliable but not guaranteed. Buyer to verify all information. |
This deal just hit the market today. Its a 3,783 sq foot house in a nice Sandy neighborhood for $224,900. Do the math and that is $59/sq foot. Even has a mother in law apartment. It needs some work but the value is definitely there. A great buy!
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Presented by: Brad Miles 801-428-7223
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| List Price: $224,900 |
MLS# 876376 |
Stat: Active |
Ref # 1 |
| Address: 8839 S 1350 E |
Type: Single Family |
Style: Tri/Multi-Level |
| City: Sandy, UT 84093 |
Project: BELMONT HEIGHTS |
| Prop. Tour: NA |
NS/EW: 8839 S / 1350 E |
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Tot Sq Ft: 3783
Tot Beds: 7
Tot Baths: 3.00
Family Rms: 2
Fireplace: 2
Gar|Port: 2 | 0 |
Yr Built: 1962
Taxes: $1,884
Acres: 0.25
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 0% |
| Exterior: Aluminum/Vinyl, Brick |
| Lot Facts: Corner Lot, Fenced Part, Sidewalks, Terrain,Flat |
| Features & Info: Patio, Porch Open, Sliding Glass / Dishwasher, Gas Log, Hardwood Floors, Mother-in-Law Apt, Range Oven Built In |
| Inclusions: |
| Remarks: Great opportunity to own in Sandy. Home with mother in law apt. Needs some TLC. Storage shed in back. Carpets will be cleaned. Seller will pay $2500 in closing costs for financed offers set to expire 5\69. See agent remarks for showing. |
Information deemed reliable but not guaranteed. Buyer to verify all information. |
talavera-acquisition-summary-4-6-09
We have a couple clients who are in the process of trying to buy Talavera (development off of Creek Road and Highland drive in Cottonwood Heights) right now through a loan, but are being held up with the Sellers/Banks. If they could put this deal together another way, with private money perhaps, they would be happy to do it. They have several divesture strategies worked out including building in phases or as build jobs arise, selling some lots wholesale and holding the rest, or a combination of both.
- 28 Luxury lots
- Average lot size is .65 acres.
- August 2007 appraisal of $22,510,000
- Pre approved Short Sale price of $5,000,000
- Average lot purchase price of $178,571
This area is called the Downs, a lot of you are probably familiar with this development. It used to be the old trailer park that they were finally able to tear down. This is a very prestigious area, and will be a great place to have a development. As the market is down, this is a great opportunity for someone to come in and capitalize on the opportunity. So if you know anyone who is looking for a project let me know. Also I have attached the old info sheet for the property, so you can look at the old pricing they were trying to achieve at the peak of the market. They current buyers of the property are looking for Hard Money, a partner to joint with, private money or any other creative way to purchase the property for $5,000,000.
I have a friend looking to pick up an investment property in Provo and I spent some time researching it out for him. There really are some great buys as long as the properties are BYU approved. This property is approved for six students and rents down there are anywhere from $275-$350 per month, per student. If an investor bought it and put down 25% (loans for investors require at least 20%, but if you put down 25%, you’ll get a much better interest rate) you would cash flow about $700 monthly, which is a 15% annual return on your money. That’s way better cash flow than anything I have seen in Salt Lake including fourplexes, triplexes, and duplexes for that price and that money out of pocket. Here is the listing:
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Presented by: Brad Miles 801-428-7223
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| List Price: $194,900 |
MLS# 849690 |
Stat: Active |
Ref # 1 |
| Address: 442 E 500 N |
Type: Single Family |
Style: Rambler/Ranch |
| City: Provo, UT 84606 |
Project: |
| Prop. Tour: NA |
NS/EW: 500 N / 442 E |
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Tot Sq Ft: 2184
Tot Beds: 6
Tot Baths: 2.00
Family Rms: 1
Fireplace: 1
Gar|Port: 6 | 0 |
Yr Built: 1914
Taxes: $879
Acres: 0.11
HOA Fee: $0
Under Cnst: No
Fin Bsmnt: 100% |
| Exterior: Clapboard/Masonite |
| Lot Facts: Curb & Gutter, Fenced Part, Sidewalks, Sprinkler, Auto-Full |
| Features & Info: Porch Open / Dishwasher |
| Inclusions: |
| Remarks: Provo City Approved for 6 students! Only 3 blocks from campus, this home is an excellent rental opportunity for an owner*Annual rents are $19,460! 6 dedicated parking spots*Fully furnished! KB Code. BB 2 verify all/info from cnty. |
Information deemed reliable but not guaranteed. Buyer to verify all information. |
Ok, everyone… Here is a Real Estate deal in Salt Lake City, UTAH that you won’t want to pass on. The property is in need of a little work, for the price and the area this is what all of you have been asking for. The home is just East of Brighton High School in Cottonwood Heights. This home is slated for foreclosure within the next couple weeks so pick it up before then, the bank will approve this price $165,000.
Spencer Janke,
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