For Sale: Two Foreclosures on Loquat Avenue
January 5th, 2009 categories: New Listings in the Grove
There were two foreclosures on Loquat Avenue that came on the market at the end of the year.
The first foreclosure is located at 3907 Loquat Avenue and features 1,366 square feet of living area, 7,150 square foot lot, 2 bedrooms, 1 bath and priced at $399,900 ($292.00 Per Square Foot). This property closed for $785,000 back in July of 2006. Personally, I like the location of this house. It is on a good part of Loquat and there are some nice houses nearby. The listing agent for the house only put up a picture of the exterior gate, so I stretched my camera over the top and snagged the photo below.
The second foreclosure is located at 3699 Loquat Avenue and features 2,052 square feet of living area, 3,932 square foot lot, 3 bedrooms, 3 baths and is priced at $320,000 ($155.00 Per Square Foot). The property was for sale back in October of 2008 for $483,900 and was later taken off the market. The house sits on the corner of Douglas Road (32nd Avenue) and Loquat which is one of the reasons why it is priced so low.
As is the case with most foreclosures there is evidence of mold on 3699 Loquat and both properties need extensive repairs. Nevertheless, if you are up for the time and energy that is invovled with such a project, you will be rewarded by a significant gain when the market turns around.
I have worked on several foreclosure deals for my clients and am very familiar with the process. If you are interested in either one of these homes I would like the opportunity to assist you in your purchase. Please give me a call at (305) 342-1623, or send me an email here.
Pretty amazing looking homes, great buy for some lucky person I would imagine. Hopefully 2009 doesn’t bring too many foreclosures, but it does seem to be going that way.
Ryan Philipenko – Edmonton Real Estate Blog