Perfect Flip with a Tahoe View
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"Lake Tahoe View Flip"
Statistics
- $414,900 listing price http://www.idxcentral.com/i...
Description
Bank owned foreclosure in Lake Tahoe with a view. Pretty rare for an MLS listing. I’m not sure about the price, but it is Spring so the market may present the seller with an opportunity to sell at this price. Great location in Tahoe Vista. All-in-all a perfect flip opportunity!
Mountain chalet style with filtered Lake Tahoe view. Large sunny lake view deck. Near North Tahoe regional park and sand beaches, Northstar, ski area, brockway golf course and casinos. Newer comp roof. This is a rare bank foreclosure property in Tahoe.
Comments
scmurphy8 writes: (May 21, 2007)
Would love to check this place out, definitely has potential.
ryan writes: (May 21, 2007)
There is another in the area that went up recently with a double lot. I’ll post it this evening. I’m not sure which presents a better value.
scmurphy8 writes: (May 22, 2007)
Saw a lot of houses on the Market in North Lake Tahoe. What is the market doing in that area?
ryan writes: (May 23, 2007)
Sean, according to most market forecasts, the North Lake Tahoe area has seen pretty great appreciation over the past year (only in the under 500k range). However, a lot of what they are seeing is seasonal drop in sales. I’m a fan of this area for investors because it is transitional. In my opionion, the Tahoe area will continue to grow as more families move away from the Silicon Valley.
ryan writes: (May 23, 2007)
Keep in mind that you’ll always need to hold a property for a longer period of time in second home markets.
scmurphy8 writes: (May 23, 2007)
Thanks Patrick. That is very helpful. Any word on the other property in the area with the double lot?
edward writes: (June 04, 2007)
This pad is currently off the market or sold.
kel1234 writes: (November 13, 2007)
If you are looking for tahoe foreclosure check out www.realestate-laketahoe.com this site has it all
NikkiHolmes writes: (February 19, 2008)
Tahoe is a level and slightly declining market at this time—that is, in the low end of the market. Entry priced homes. South Lake Tahoe has seen a substantial decline in such homes, of which there are many. It is possible to find homes in the 4200’s in South Lake Tahoe. I have owned many investment properties there, having purchased in the 1997 – 2002 period. Most, I held for two to three years, and most sold at about 2 time what I paid. Of course, this market is on the down swing, but as more people are now investing in real estate than ten yars ago, it is prudent to be decisive, in my opinion.
By the way, I am also a Realtor. Call me if I can be of service. I bring to the table my investing expertise and my years living all around Northern California.
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