South Lake Tahoe Foreclosure and Short Sale Listings Search on my Website!!!

There is a new search option now available on my website that enables you to search for foreclosures and short sale listings on the South Lake Tahoe MLS! This new search tool will enable buyers to search only for foreclosures and short sales. If you would like to sign up for new listing notifications just click on the link and create a new user. The South Lake Tahoe Foreclosure listing search and the South Lake Tahoe short sale listing search option will look just like this:

Including the above criteria, only show me properties that:

are Short Sales

are REO / Bank Owned (Foreclosures)

 

 

Be aware that if you check the boxes for either foreclosure or short sale listings, you will only receive new foreclosure listings and short sale listings. If you would like to receive all listings including foreclosure and short sale listings, you can either leave the boxes un-checked, or you can set up two separate searches. If you are already signed up for new listing notification, you can still log into your account and create another home search for foreclosures and short sales only.

With 25 foreclosure listings on the South Lake Tahoe mls and all but 4 in escrow, buyers are finding in important to act quickly when a foreclosure comes onto the market. This new foreclosure and short sale listing search tool on my website will enable you to act quicker and get a good buy on a foreclosure or short sale listing.

If you have any trouble with the new short sale and foreclosure search tool please call Brent Johnson at (530) 416-2625. I hope that you take advantage of this great new feature on my website!

South Lake Tahoe MLS Listings from $400,000 to $500,000

The South Lake Tahoe real estate market is very active in the lower price ranges, and is now picking up above $500,000. The $400,000 to $500,000 range is still one of the areas that is still seeing a limited amount of buyer activity.

Currently there are 463 single family home listings on the South Lake Tahoe mls. Out of the 463 listings, 72 are in escrow which is about 16%. There are 61 homes listed between $400,000 and $500,000. and 6 of them are in escrow which is only about 10%.

For the homes listed between $400,000 and $500,000, the average listing price per square foot is $275. So far this year there have been 16 houses that have sold in this price range on the South Lake Tahoe mls. The average price per square foot for the sold homes was $238. The median selling price was $427,000 and the average selling price was $436,250. There were only 4 foreclosures in South Lake Tahoe that have sold in the $400,000 to $500,000 price range. With only 4 of the 37 South Lake Tahoe foreclosures that have sold so far this year being in the $400,000 to $500,000 price range, this range has a low percentage of the foreclosure market.

I have chosen 4 homes on the South Lake Tahoe mls between $400,000 and $500,000 that I think have a good value.

1802 Amador is a short sale listing in Montgomery Estates offered at $429,000 which comes to $175.25 per square foot. This home was previously sold for $670,000 on 6/23/05. Montgomery Estates is one of my favorite areas because it is close to Heavenly Valley Ski Resort and not far from Stateline and the Casinos. There are a lot of larger and newer homes in this area. 1802 Amador is a 2448 square foot 3 bedroom, 2.5 bathroom, 2 car garage home with upgrades and is in good condition.

3503 April is not a short sale or a bank owned foreclosure, but has an outstanding location near Heavenly Valley. This home also backs to U.S. Forest Service Land. This 2146 square foot 5 bedroom, 2.5 bath, 2 car garage would make a great vacation home or a vacation rental. Offered at $495,000, this home is has a list price per square foot of $230.66

1542 Ormsby is a bank owned foreclosure listing with a great meadow view location. This bank owned listing is a 4 bedroom, 2 bath, 1 car garage, 2323 square foot home priced at $419,000. At only $180.37 per square foot, this meadow and mountain view home has great potential to be upgraded.

709 Gardner  is a newer (1999 construction) 3 bedroom, 2.5 bath, 2 car garage home that has been rarely been used and is in great condition. This newer home is priced at $429,000 and is $210.09 per square foot.

For buyers in the $400,000 to $500,000 price range, there is a great selection of listings on the South Lake Tahoe mls. With not a lot of competition in this price range, buyers will have a chance to negotiate a good price on a home that works for them. Make sure to keep checking on my current list of foreclosures in South Lake Tahoeto see any new foreclosure listings on the South lake Tahoe mls.

If you would like to find out more about the South Lake Tahoe real estate market, foreclosures in South Lake Tahoe, the South Lake Tahoe mls, or would like to set up an appointment to view properties in South Lake Tahoe, contact Brent and Jill Johnson today!

Stateline

The Stateline area on the California side is one of the most convenient locations in South Lake Tahoe Real Estate. It is the location that draws most buyers to this area. The Stateline area is the closest area to the Casinos out of all of the areas on the South Lake Tahoe mls. Heavenly Valley Ski Resort can also be accessed from Stateline by the gondola at the Heavenly Village.

The houses in the Stateline area are very diverse. Most of the houses on the South side of Highway 50 are older and smaller cabins with some remodels. The prices for these cabins usually run from $250,000 to $400,000.  The houses on the North side of Highway 50 can vary from smaller cabins to multi-million dollar lake front homes. The area between the Lake Side Marina and Highway 50 is known as the Lakeside subdivision, and offers private beach access passes with home ownership. just West of the Lakeside subdivision is Tahoe Meadows. Tahoe Meadows is a private gated community with lake view and lake front homes. The Tahoe Meadows area is one of the most sought after areas in South Lake Tahoe.

The Stateline area makes an ideal location for a second home buyer, or an investor looking for  vacation rental property. If you are looking at homes in South Lake Tahoe, make sure to include the Stateline area.

South Lake Tahoe Foreclosure Listing

The latest foreclosure in South Lake Tahoe listing is 1049 Reno Ave. This home is priced at $199,900 bringing the total number of homes on the South Lake Tahoe mls priced under $200,000 to 15. Out of the 15 houses priced under $200,000 six of them are in escrow and six are foreclosures.

• 889 square feet
• 5000 square foot lot
• 2 bedrooms, 1 bath, 1 car garage
• Storage shed
• Central location
• $199,900!

 

Currently there are 29 single family foreclosures listed on the South Lake Tahoe mls. Out of the 29 foreclosure listings 11 are in escrow. With only 29 single family foreclosures listed in South Lake Tahoe and 443 single family mls listings, foreclosures only account for 7% or our current inventory.

The current median list price for the foreclosure listings is $284,900

The current median square footage for the foreclosure listings is 1,476

The current median days on market for the foreclosure listings is 66

 

Here is a list of the current foreclosure listings in South Lake Tahoe. If you have questions about foreclosures in South Lake Tahoe, South Lake Tahoe mls listings, or South Lake Tahoe real estate, please contact Brent and Jill Johnson today!

Foreclosure Listings in South Lake Tahoe

•  3849 Figueroa Lane $249,900

This new foreclosure listing in South Lake Tahoe is in a great stateline location near the casinos and Heavenly Valley ski resort. At 1536 square feet this 3 bedroom 2.5 bathroom, 2 car garage cabin has enough room for the whole family and would make a great vacation rental!

• Foreclosure in South Lake Tahoe
• Vaulted open beam ceilings
• Wood fireplace
• Forced air natural gas heater
• Double pane windows
• Stateline location

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For more information about this listing, South Lake Tahoe foreclosure listings, the South Lake Tahoe MLS, or real estate in South Lake Tahoe, contact Brent and Jill Johnson today!

Featured properties may not be listed by the office/agent presenting this brochure.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
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