In the high-end Gleannloch Farms community of Suburban Northwest Houston (Champions Area): 3,449 sqft, upgraded, built in 2000 by Trendmaker Homes, and nearing foreclosure. All reasonable offers considered.
List Price: $205,000. Comparable homes in this community sell for $75/sqft. For this short sale, we’re proposing $60/sqft.
If you have any questions or would like to schedule a showing, just contact Icon Real Estate via phone, email, or webform.
The home is in good shape with no serious repair required, though some clean-up, landscaping, and paint is needed.
ยป click a picture to enlarge
Highlights include:
- new hardwood flooring throughout most of the home, with ceramic tile in the bathrooms and kitchen.
- huge island kitchen with silestone counter tops
- stainless appliances
- built-in entertainment center (gameroom) and desk/work area (upstairs)
- attic decking in house and garage
- prestigious, gated community with million-dollar homes nearby
This sale will require third-party approval (see our Houston Short Sales page or this blog post about investing in short sales for more information about the process.
Typically a short sale is priced at 90% of market value, so that the third-party approval won’t be an issue. However this property does need some clean-up and landscaping, which justifies a lower price point. In move-in condition, this home would appraise for $260,000+.
