Rivermark Town home, REO, Unbelievable Deal

by vbrasil on January 25, 2009

4534 LAIRD CI, Santa Clara (map)
santa clara townhome, rivermark townhome, rivermark
Type: Townhouse
Status: Active
List Date: 11/25/08
Price: $524,900
Bedrooms: 2
Bathrooms Full: 2
Bathrooms Half: 1
Sq. Ft.: 1437
Lot Size: 2,178.sf
Approx age: 4
MLS#: 80846894

Quite often these days I run into buyers looking for "deals".  I always inform them that if its on the MLS (Multiple Listing Service) the chances are that its not a deal.  Every so often there is a property that comes on the MLS and you think to yourself, wow thats a deal.  It gets multiple offers and sells as high as it would have if it were listed property, negating the whole deal concept.

This Rivermark town home was originally listed two months ago for a reasonable price of $600K.  The home has hardwood floors, granite tile counter tops, and some very nice updates.  About two weeks ago the listing agent who specializes in selling bank owned properties dropped the price to an unconceivable level of $524K.  Why this home hasn’t sold yet truly amazes me.  Unfortunately I don’t have any buyers currently looking in Rivermark at that price range or I would certainly suggest this home. 

There is one downside to this model it has tandem parking.  Other than that the location is desirable, the condition is clean and updated, and the price, well the price is down right cheap.  So for all of you home buyers who I have spoke to recently here is your official deal.

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