Real Estate Broker/Owner with Veritas Prime, LLC dba Veritas Prime Real Estate CT, NY, FL




Great opportunity to buy a foreclosure in Danbury, CT at a phenomenal price of $425,000. Why is this property still on the market?!! The beauty of this offering is that it’s actually two homes on nearly 2 acres - one grand main house circa 1940, which has 4 Bedrooms, 4.5 Baths, over 3,000 square feet and overlooks a posh local golf, swim and tennis club, the Ridgewood Country Club. This foreclosure property presents an additional business opportunity to own a rental property - there is another home in the rear of the lot, which has two apartments, three detached garages and its own driveway. 

To buy a foreclosure often means the home might need work and this is no exception - the main house could use some TLC and sprucing up. At the current offer price to buy this foreclosure, there is room to maneuver - the last time this property changed hands, it was at $880,000. The apartments are in good rentable condition, one offers 2 bedrooms and could be rented for about $900/month; the other is a 1 Bedroom apartment, which could fetch $700/month as a rental, for a gross annual cash flow of $19,200, at a time when the

rental market is fairly brisk in our area.


“But that’s not all, folks” - buy a foreclosure and get three in one! There is also an additional build-able lot on the property of .93 acres. The septic plan for this lot is available and the 

building permit is ready to be filed. 

To buy a foreclosure, or at least this particular one, should prove far easier than buying a short sale. This property is bank-owned and vacant, the broker can negotiate with the bank directly, without intermediaries; you can buy this foreclosure and take possession very quickly. 


The location is convenient for commuting, offers easy access to area amenities and is close to main roads. In fact, the property abuts the highway, I-84. To see additional details, please visit the listing page:


Click Here to View Listings


For area information or to browse more properties for sale, visit If you would like additional information on how to buy a foreclosure and what form of financing you might be able to obtain to buy a foreclosure, call me at 203-746-2909.

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Jeff Jensen
The Federal Savings Bank/Lending in 50 states - Greenwich, CT

That sounds like some find for someone interested in a fixer upper.  Good luck with it!

Feb 23, 2012 07:02 AM #1
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Thank you! Actually, the rentals are ready to go.

Feb 23, 2012 09:48 AM #2
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Olga Simoncelli

CONSULTANT, Real Estate Services & Risk Management
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