Saturday, March 20, 2010

The Highs and the Lows #4

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)

$4,100 – No, that’s not a typo

4 bedroom, 2 bath, 1738 square feet built in 2002. Located in the West Valley near the intersection of Glendale & Dysart roads.

4100 EF

4100 map (click to enlarge any image here)

Listing Realtor’s notes state: “Please View property before making offer. Home has many cracks inside and out.” I’ll say. . . .

4100 BR

4100 ceiling

4100 EF crack

4100 fence

The seller’s Realtor’s notes go on to say “15+ offers received we will submit all offers Friday 7pm expect seller response mid-week.”

I’m no builder and I haven’t seen this house in person but it looks in pictures like the home is shifting right off it’s foundation. Or maybe it’s on top of expansive soil. Regardless, this has got to be a case of either major repairs or tear the whole thing down and rebuild it. It’s located in a neighborhood with a Homeowners Association (HOA) so you’d have to comply with their rules for either project. I’m astounded that anybody would want to pay anything for this home.

What do y’all think??

Buddy, can you spare $5 . . . .million?

Nearly 12,000 square feet under roof, on 4.7 acres near Pima & Happy Valley roads. Originally listed in November 2006 for $10,000,000!

5M EF click to enlarge any photo here


5M bath

5M shower

Venturing out on a limb here, my personal opinion: this is bad taste on an epic scale. That bathroom makes me feel like Las Vegas, and not in a good way. What do y’all say? Luxurious beauty? Or Liberace’s hideaway?

Oh by the way, last episode’s $6.5 million dollar luxury estate in Silverleaf is still for sale. View other posts in this series.

That’s it for today’s Highs and Lows. Thanks for reading! Call, email or text us if you’d like helping your bank-owned bargain.

Heather, 602.999.8831
Chris, 623.570.9940