This one looks like it could be a good deal.
It's in La Paloma, 3127 sf, 5 bedrooms/3 baths, 2 story, now listed for $538,200, as a bank owned (REO) property.
I saw this place a few months ago when it was listed for $750,000.
At that time it was a short sale that obviously didn't happen, and at $750,000 I'm not surprised. It needs work, or a least it did then, and I'm guessing it still does. And my memory is foggy on just how much work, so I can't say.
On the other hand, it's on the golf course in La Paloma, and at $172/sf list price, it's starting to look awfully pretty.
See it here> 6230 N Calle Del Halcon Tucson, AZ 85718
And here's the murky sales history.
It sold for $789,000 in 2005, yes, $789,000.
And as yet another example of why we are where we are, Meritage Mortgage forked over $775,000 in mortgage loans to the buyer of this home-sweet-home.
And then it looks like this past August Meritage was the high bidder at a foreclosure sale and paid themselves $619,380 for the privilege of taking it back. So they wrote off about $155,000 on the $775,000 loan, closed it out, and are now looking to get rid of it for somewhere around $538,200.
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