If you have been looking at the real estate market in the Tucson Foothills and wandered into the $400,000 price range by accident, you may have seen this Tucson Foothills classic (featured below). It was on the market in the foothills a whooping 600 days, starting with an asking price of $475,000. Gotta love these classics, the kitchen brings back fond memories of my great grandmother making me and all my friends delicious peanut butter and jelly sandwiches.
This 3929 square foot home with huge guest house finally sold two months ago for $300,000. I showed this home to one of my nicest clients looking for a Foothills investment property and he thought ... "ummmm I don't see the potential ". Well... here's what grandmother kitchen looks like today, two months after being purchased for $300,000.
and the pool area looked like before .. see below
and now looks like .. See below
This is an investor flip . Now priced at just over $500,000. I would imagine the talented buyer purchasing this property at $300,000 is quite happy others missed seeing what was hidden under a little dust and more than satisfied with an expected profit of over $100,000, not bad for two months work.
If your a buyer looking in the Tucson Foothills and you do not have the $800,000 to $1.500,000, it typically cost to find a nice home in the Foothills , the "Beverly Hills" of Tucson, you may consider a little fix up.. always plenty of possibilities . The foothills is full of "charming older homes" waiting for a buyer with a little imagination.
Please feel free call me for more details on Tucson Luxury Homes, in Oro Valley, the Foothills 85718 and Dove Mountain Michael Chaisson Luxury Home Specialist Tucson 520-225-8414
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