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Bank Owned Home Deals in Coto de Caza
Posted by Leslie Eskildsen on Thursday, September 25th, 2008 at 8:06pm.Coto de Caza Bank Owned Homes
It's a buyer's market in real estate today, and although some areas are more deeply impacted than others, no community is immune. There are currently twelve bank owned properties on the market in Coto de Caza - three condos and nine single family homes. Asking prices range from $519,900 to $1,190,900. The LPSQ (list price per square foot) averages $274. That's a 30% discount from the $394 average for all non-REO homes on the market in Coto, excluding custom equestrian estates in Los Ranchos.Let's take a closer look at three sample homes!
Bargain Condo in Coto
At the low end of the price range is this 1,695 square foot condo, with 3 bedrooms and 3 baths, and an attached two car garage.
This cute condo in the Andalusia tract near the golf course is listed for $519,900. It's owned by the bank, so expect a quick answer and a short escrow if you follow my four rules for buying an REO home.
Steal a Custom Home in The Village
Only $602,553 for a 3,150 square foot home in "The Village", with 3 bedrooms, including 2 master bedrooms, and 4 1/2 bathrooms.
This home has some great features, including the two master bedrooms with balconies, a game room, family room, recreation room, inside laundry, and a brick fireplace. To top it off, the asking price comes to less than $192 per square foot.
A Five Bedroom Pool Home for $1,190,900
This beautiful Craftsman style home is somebody's dream - 3,700 square feet of quality, including a gourmet kitchen, a gorgeous outdoor patio with a custom pool and waterfall and all the required accessories. There are panoramic views of the surrounding hills
The asking price equates to over $320 per square foot - higher than the average foreclosure in Coto, but still well below the market average.
Get Yourself Ready, Then Find a Bargain
Great deals on homes in Coto de Caza are there for the finding. Do a little bit of homework and you might find a hidden gem!
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