Holy Sneakers!  The Scottsdale Foreclosure Value of the Week is a 1416 square foot, 3 Bed / 2 Bath red brick home in South Scottsdale for … drum roll please … $160,000!

Built by Hallcraft in the late 1950s, this entry level subdivision of Scottsdale Estates is minutes from Old Town Scottsdale,  Sky Harbor Airport, the Loop 101 Freeway, ASU and Scottsdale Community College.  Homes typically sell in the mid $200,000s nowadays for properties in average, to slightly below average condition.  Matter of fact, the bank actually purchased this one back at auction for $230K according to public records, so you get a feel for the kind of bargain this is.  It will go fast, and it will need work!

If you need any convincing on the quality of the neighborhood, I’ve owned two properties in the subdivision and sold countless others.  Great for use as a primary residence as well as an investment property given the price point and abundance of possible tenants (students, professionals, retirees, etc). 

For more information on this or other bank owned property opportunities in Scottsdale, contact your Scottsdale AZ Real Estate experts today!  And don’t forget to sign up for email alerts which will notify you of updates to this blog by clicking the button below!