There are two bank-owned properties I’ve identified in Marin that may be sold at a greatly reduced rate once the current owners and/or tenants leave.
Both homes are around 3,000 square feet, both could be sold for $2 million or more under better circumstances. One REO is in Larkspur and will have an agent when it is sold. She says a price hasn’t been discussed….although I believe the bank is owed around 1.65. The other home is in Kentfield, in a prestigious neighborhood, and is now owned by an investor. Appraised recently at 2.1…the investor says it may go for around 1.8. On a street with most homes that have sold for more than $2 million in general.
Please call Julie Leitzell for more information on distressed properties in Marin.