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Moss Creek, Detached Home

$227,500
1493 Moss Creek Ave.
Corporate Owned!
Major price reduction 7/25
Sold/closed Sept '08

Map available

Download Center Information Package (13 Pages,  583 Kb)

Quick Summary MLS Listing Page

This three bedroom bank-foreclosed home is 1540 sq.ft., in a reverse two-story configuration. The master bedroom and main living areas are upstairs to catch the best southern sun exposure.

You own the structure and a "limited common area" around the home which is the equivalent to a lot in a traditionally platted neighborhood. It's your yard to maintain and, if you wish, enclose with a fence. All the land is actually owned in common, along with the streets common areas and snow storage, and the deep utilties. A neighborhood association provides maintenance and reserves for future capital needs. Dues are $109.17/month.

The home is priced below recent sales in the neighborhood owing to its condition. Please review the information package for a more complete disclosure of known shortcomings, mostly missing appliances and interior door hardware.

For financing I recommend you compare rates and terms available from the Wells Fargo affiliate that has an office in the Coldwell Banker Building. Wells Fargo's asset management office is in charge of this property sale, so it only makes sense to consider obtaining financing from a lender which is close to the owner source. We would be happy to introduce you so you could explore loan programs with an originator who will have direct ties to the lending institution that owns the property.

To find a single family detached home in South Anchorage for under $250,000 is very unusual.

Offers will first be considered after 5 PM Tuesday, June 17. This is to give everyone an equal opportunity to be considered. Please contact me as soon as you can, to give yourself adequate time to inspect and have your offer prepared for seller consideration. The seller tends to be very prompt in responding to offers, often on a next business day basis.

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Directions: Follow access road on east side of Seward Highway north from O'Malley. Second entrance to Moss Creek on right (no sign on that street), 4th home on the left.