Wednesday, October 22, 2008

Bank Owned Homes!

Bank owned property in Gilroy and Morgan Hill

The property on top is located at 1060 3rd Street in Gilroy, is bank owned and just came on the market. This 3 bedroom/2 bath home has 1424 square feet and is located on a 7035 square foot lot - current listing price is $299,900! This is a very active price range right now in Gilroy and some homes at this price are getting multiple offers.

The property on the bottom is located at 1310 Meadow Court in Morgan Hill and came on the market about a week ago. The previous owners started to do some remodeling and then stopped. This would be a good home for a contractor or someone handy who likes to work about the house and in the yard. It is currently listed for $419,900 and has 3 bedrooms/2 bath, 1160 Square Feet and a 7840 Square Foot yard. There aren't too many single family homes that are on the market in Morgan Hill which are less than the asking price on this property.

Both properties need work but that is pretty common for bank owned properties. They look a little sad but if inspections show them to be structurally sound and not in need of major repairs, then it's all cosmetic from here.

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