An awesome new REO Lake Tahoe home just became available. What’s even better is that it is in Montgomery Estates, one of the most highly desirable neighborhoods in the area! I just went in and previewed this a short time ago and fell in love.
It obviously needs work and looks like it was abandoned some time ago. With some sweat there could be major equity gained. It is a 3 bedroom 3 bath home listed at $439,000 right now. Want to flip it? Fixed up nicely and based on recent comparable properties I think it could sell for $580,000 to $600,000. Here’s info on it directly from the MLS:
“Situated in the well desirable Montgomery Estates neighborhood. This 3 bedroom 2 1/2 bathroom home is across the street from forest land and has partial mountain and forest views. With high vaulted ceilings, living room, kitchen, dining area and a master bedroom located upstairs. The additional two bedrooms and full bathroom along with the laundry room with access to backyard is located downstairs. The home house great potential with value.”
This place is going to go SO fast. When I was there two other groups of Realtors were in there and two more were rolling up as I was leaving!