HUD Foreclosure: $92,590 Under Value in Longfellow?!?!

$37,500 in the Longfellow neighborhood of Minneapolis?  You’ve got to be kidding me?

(Note: for more information on this home, or to request a showing, call or text me (612) 293-9385 or email me at tim@happytimclients.com)

I know that’s what you’re thinking, but it’s true!  The average sale price for homes in this area, over the past 6 months, is $130,090 (to be exact).  That means this home could be a whopping $92,590 under value – in one of the more sought after neighborhoods in all of Minneapolis.

This home is located at 2933 35th Avenue S, just blocks off of East Lake Street, with it’s unique shops and destination neighborhood eateries.  That makes it a wonderful area to live.

Now to be fair, this home appears to need some work – and how much work?  Well, that depends on what level of work you’d want to do.

But here’s why I’m getting so excited: homes are often much less expensive to repair that you might think.  Even if this home needed $50,000 in repairs to make it absolutely stunning … it could still have nearly $43,000 in EQUITY – IN TODAY’S MARKET!

That’s what I call I steal, my friends!

Okay, so there’s one more catch to HUD Homes: there’s a blind bidding process to purchasing them – and for this one all bids are due by 12/18/2011 11:59:59 PM  CST.

So what do you do?  Well, if you want more information on this home, or you want to know when I’ll be showing it, give me a call at (612) 293-9385 or send me an email at tim@happytimclients.com.  I’ll give you some additional specs and reports I have, and we can take it from there.