In Eleven Arches, 3490 E Camino A Los Vientos, now offered for 1,199,900 ($165/sf) courtesy of BofA. This has been for sale, on and off, since 2005 when it started at $3.2, didn’t sell and was bumped to $3.6. And then in a recent last ditch effort it was listed as a short sale for $950,000, but still it didn’t sell.
All that time for sale and I’ve never seen it, but I’ve never been a big fan of Eleven Arches and haven’t had any clients who were either. Eleven Arches opened to great fanfare in 05 (I think), you know the usual ra-ra, but mostly it fizzled.
Is this a good deal, perhaps. If you’re looking for a 2 story, 7300 sf, that’s close to Hacienda del Sol Rd, has an indoor pool and was built as a spec during the boom. Go for it.
It looks like BofA is going to get creamed on this one, the tax records show $2.8 in mortgages from Countrywide.
5171 N Hacienda Del Sol Road , Tucson, AZ 85718
(listed by Top Gun Realty 5106) link expires 5/1/14
see thefoothillsToday.com
to find your Catalina Foothills home