Bank Owned Home - 11 Villa Valtelena - Lake Elsinore

Sold for 15% Above Asking Price

2009-10-19T18:37:00.000-07:00

We received 8 offers for this property within 5 days of the listing, and all were 100% cash. The winning offer was $130,000 cash, 15 day escrow, and all inspections and contingencies waived. That means no appraisal, no inspection, no nothing.

Not bad for a home that almost burned to the ground 10 months ago, and has been sitting ever since.

Now in Backup

2009-09-17T18:53:00.000-07:00

Late breaking news - the investor approved the contract and we will open escrow tomorrow.

Multiple Offers Received

2009-09-17T14:29:00.000-07:00

Well, that didn't take long. We received several offers, all cash. The best of the bunch has been submitted to the asset manager for investor approval.

Attention Investors - Buy this Fixer As Is!

2009-09-12T15:57:00.000-07:00

This home is now listed and on the market - $113,000 as is. Looking for a diamond in the VERY rough? This could be it. If you have a contractor that you trust, this may be your opportunity for a great rehab. This 4-bedroom, 3-bath, 2200+ square foot house is on an awesome 10,000+ square foot lot with panoramic views of Canyon Lake. It's not habitable right now, but if you have the resources to do the repairs you could make it an awesome home.

Contact me or Leslie for more info - but move fast, we've already had numerous inquiries and threats of offers.

Video Tour Showing the Fire Damage

2009-09-12T15:51:00.000-07:00

Here's some video Leslie shot that will give you a little idea of the extent of the fire damage to this home.

Fire Damage will Delay This One

2009-08-20T11:29:00.001-07:00

Well, once the home was re-keyed and we were able to get inside, we had a little shock. Seems there was a fire in the house in December of last year. The previous owner started rehab, but it was never finished. The inside is a bit of a mess, so there will be a delay while the bank fields bids for repairs.

Coming Soon - Bank Owned Bargain

2009-07-28T17:38:00.000-07:00

Located in Tuscany Hills above Lake Elsinore, with panoramic views of Canyon Lake, this home is in currently in the pre-marketing process.

The 2-story home has over 2,300 square feet of living space on a stunning 10,000+ square foot lot with incredible views of Canyon Lake and the surrounding hills. There are 4 bedrooms and 3 baths - room for the whole family!

Stay tuned for more info as we get it ready for market!

Interested in updates on this property? Send me an email and I'll keep you in the loop.