Taos Real Estate Value Alert – Townhouse in Town Foreclosure

Posted by Jim Kimmons, Broker/Owner • November 13, 2008 • Printer-friendly

This is an alert to a property that I've identified from my hotsheet report as a possible value. Though I haven't visited it, based on my Taos real estate market experience and the recent drop in the price, I see this as a property that may interest a value buyer. Sorry, but I can't advertise this property to you unless you request it with this link: SUBSCRIBE to protected content...FREE

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Here's a link to the detail MLS listing report for this townhouse on Lund St. near the Plaza. Sorry, but these links are only good for a couple of weeks as a limitation of the MLS. If you can't access it, send me an email and I'll get a new link to you. Quick Facts:

MLS 85592
Three price drops from $364,900 since listed
2 bedroom, 2.5 bath, 1572 sq. ft.
Patio, two fireplaces, electric baseboard heat

The images make this appear to be a clean condo foreclosure without damage or major repairs, but I haven't seen it. Someone with cash may be able to make a deep discount offer of just about anything over $225k and get it considered.