Foreclosure List for South Lake Tahoe, CA - August 13, 2008

Here is the latest foreclosure list for South Lake Tahoe. There are 11 foreclosures on the market. They are all single-family residences (no condos or multiplexes).

Since the last foreclosure list, there have been a few interesting developments in the foreclosure market. A few properties were just listed. The only one I’m really excited about, though, is 2604 Knox Ave. It is located on a rare 1/4 acre lot in Sierra Tract. I think there could be a ton of value in that purchase. I’ll drive by it tomorrow and post a comment with my thoughts on it.

The only other foreclosure steal that is new to my list is 2508 Cold Creek Trl. It fell out of escrow recently. It’s located in Montgomery Estates, which is one of the most prestigious neighborhoods in town.

There were some significant price reductions on the foreclosure list. In the last two weeks 2587 Kubel Ave. went into escrow, fell out, and then saw a 10% price reduction down to $224,900. Wow! 3705 Montreal Rd. also experienced a huge reduction. It went from $339,900 to $309,000. Both these properties could be sold before my next list comes out in two weeks. (Montreal may remain because it needs a ton of work.) 1612 Choctaw was reduced $24,500 to $474,500.

I have more information on properties that will become foreclosures. However, I don’t feel at liberty to publish this information on the internet. If you are interested in those properties or the ones on this list, call me at (530) 545-1831.