Tuesday, August 4, 2009

The Highs and The Lows

Wherein I periodically post about the highest and lowest priced homes in the local MLS. Properties must be:

  • single family, detached homes

  • bank owned

  • currently Active in the ARMLS (AZ Regional Multiple Listing Service)

  • located in the general metro Phoenix region (Wickenburg, Florence, Coolidge, etc are excluded but Surprise, Buckeye, Queen Creek, etc are included)

$12,500  Handyman Special

The Low, 08 02 09

Built in 1963 with 3 bedrooms and 1.75 bathrooms. It’s 1,374 square feet with a 1-car carport and no pool on a lot of 6,312 square feet. It’s located about 1,200 feet from the campus of Grand Canyon University, so it might make a fabulous little student rental for some lucky investor.  At this price, it’s almost 100% guaranteed that lenders won’t touch the deal, so bring your checkbook. Recently homes nearby & similarly sized, with most or all of the remodeling work done have sold in the mid $50,000s. Rents in the area seem to run about $850/month.

$4,250,000 Old World Villa on 1.5 Acres

The High EF 08 02 09

The High KIT 08 02 09

The High MLS 08 02 09

Built in 2003, this 7,998 square foot beauty boasts 5 bedrooms, 5-1/2 bathrooms, a large rectangular pool, a 4-car garage and an 800 square foot guest house.  It sold in April of 2002 for $4,300,000 according to the MLS data. Interestingly, the tax records show a transaction at that time with a sales price of only $2,850,000. Don’t know what kind of shim-sham was going on there. Looking for a little something for your sweetie? Contact Mid First Private Bank. Or us. Heck, go with us.

View other Highs and Lows posts.

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