Sacramento Short Sale

Check this one out! Located in Fruitridge area on 53rd Street, this property has two homes on a large lot! Although both structures are small they are very cute and have a tremendous amount of potential. The main house is a 2 bedroom, one bathroom, 683 square feet with lots of hidden charm while the studio cottage is 240 square feet. Yes, as with many short sales in Sacramento, this one needs some work to bring it up to the neighborhood which is in the process of a very positive revitalization. Many of the homes, including the ones on both sides of the subject house have been renovated.

The seller purchased this property at the height of the real estate market with plans to complete the renovation and bring the house up to its full potential. With the market depreciation it just didn’t make sense for them to move forward with their plans. But now, with this opportunity to acquire this home at short sale prices the potential can be unlocked.

I am working with a wonderful client on this one and we hope to have it sold quickly so we can avoid another foreclosure. If you are not familiar with short sales feel free to contact me by phone at 916 276-6883 or by email to juliej@jalone.com. I have also written two articles on short sales. They are:

Short Sale Questions (Published February 10, 2008)
Short Sales: Road to Riches? (Published January 13, 2007)