Taos Real Estate Value Alert – Home in Town

Posted by Jim Kimmons, Broker/Owner • January 27, 2009 • Printer-friendly

Right in the heart of town, this home is an easy stroll to the Plaza, restaurants, galleries and shops. It is being sold by heirs, and is listed at less than $75/square foot in structure value after deducting the 0.43 acre lot value.

Taos real estate doesn't throw out bargains in town often, so you'll want to check this one out.

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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First, I apologize for the Realtor who, after almost 90 days on the market, doesn't feel the need to publish more than one photo of this property. Though it is advertised "as-is" by the heirs, images would help my out-of-area customers to get an idea of condition. It was occupied, so it's likely to be a reasonable rehab.

It is shown in this detail listing report to have been built in 1882 and remodeled in 1992. With 2988 sq feet, this could be a great buy for those wanting to live in town. This is the first price drop from an original list price of $310k, so an offer now should be a little on the low side to test the heirs' resolve. Or, just watch it for the next decrease.