Thursday, June 21, 2007

Manhattan Beach: Our First Foreclosed Home

Yep.. it's official we have our first REO ( real estate owned) bank foreclosure to hit the MLS in Manhattan Beach. We've had a few near misses and some short sales but this one is now listed as a foreclosed property.

The listing # is S949364 and it's listed by Leo Nordine price is $1,749,000 which is a good price.... not cheap but good. It is on a smaller lot and backs to Marine. The bank is in the process of new paint.. and maybe carpet. I had talked to Leo a few months ago when I knew it was going to be listed and went over today to check it out.

It's really not in bad shape.... often when properties wind up in foreclosure the owners take everything they can including sinks, all fixtures, etc and usually leave items damaged as a means of expressing their anger or sorrow on losing the house.
So here's a little tour in case you are interested...

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