Buying Foreclosures in Saint Louis

Dawn Griffin Posted by
Market Conditions Jul 2011

A CNNMoney article noted that foreclosures have fallen for the 8th straight month in a row.  In May 2011 filings were 33% below the same time last year. This article is quick to point out that this doesn’t necessarily mean a housing rebound. However it does suggest that those foreclosure deals may be few and far between.

Here a couple foreclosures that I recently previewed which appear to be pretty good deals.

2625 Nebraska: Located in Tower Grove East this one of the best values I have seen recently. This house sold in 2009 for $240,000 and is currently listed for $169,900. The kitchen has a center-island, updated cabinets and granite countertops. There are 4 bedrooms, 2.5 baths a master suite and 2nd floor laundry. Large deck and two-car garage out back.

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2813 Shenandoah: This rowhome in Fox Park is one of the most interesting buildings in the neighborhood. It was last sold in 2006 for $219,000 and is currently listed for $110,000.

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27 N Newstead: This single family home needs a little work but it is located in the Central West End. It is currently priced at $144,900. The price per square foot for this home is $82.99 while the average $/square foot for move-in ready sold homes in a 6 block area is $$131.38.

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6923 Wise: This home is listed at $113,000. In 2006 it sold for $129,00. Centrally located in the Hi-Pointe Neighborhood this bungalow is within walking distance of Forest Park and Downtown Maplewood. Easy commute to Wash U and SLU.

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For more information on purchasing foreclosures please contact me at 314-413-7086

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