Compton Bank-Owned Fixer-Upper for Bargain Price

BARGAIN-PRICED.
BANK-OWNED BENEFITS.
PRIME FIXER-UPPER.

PRICE: $69,900

ADDRESS: 407 S. Acacia Ave., Compton, CA 90220

TYPE OF HOME: Single family, 2 bed, 1 bath

HOME SIZE: 944 sq. ft.

LOT SIZE: 5,200 sq. ft.

YEAR BUILT: 1915

HIGHLIGHTS:
* Large, natural light bathed windows
* Ceiling fans
* Spacious yard (surrounded by white picket fence)
* Tiled shower and soaking tub
* Custom built-in bookshelves, storage and cupboards
* Tiled countertop kitchen
* Detached garage

COMPTON REDEVELOPMENT & OPPORTUNITY
Compton was recently designated as an “Entrepreneurial Hot Spot” a nationally-renowned independent economic research firm. The rapidly-gentrifying, centrally-located city made the national list for best places to start and grow a business, and ranked number two in Los Angeles County out of 88 cities. It’s a prime location for beginning entrepreneurs who can get assistance from a beginning business support program that relies upon of a wide-ranging mix of resources to upstart small business owners.

SCHOOL DISTRICT: Compton Unified
Primary: Kennedy Elementary
Middle: Davis Middle School
High: Compton High School

Click here to watch a photo slide show of 407 S. Acacia Ave., inside and out.

BENEFITS OF BUYING A BANK-OWNED HOME
The home at 407 S. Acacia Ave. in Compton is a bank-owned home (also referred to in the industry as an REO, a real estate-owned property). There are 5 main advantages to purchasing a bargain-priced bank-owned home like this:

1. More home for your buck. How? By taking advantage of potentially lower interest rates and dramatically lower prices, two ways in which banks entice buyers to take a losing asset of their hands—fast! Bank-owned (REOs) and foreclosed upon properties average discounts between 20% and 25% off their overall retail value. Buying the property “as is” can get you even deeper discounts.

2. More properties to choose from. There’s a massive, seemingly unstoppable inventory of repossessed homes that banks are struggling to offload during the current economic downturn and historically high spike in foreclosures. The bank’s goal is to sell quickly to qualified home buyers at significantly discounted rates. Some bank-owned homes can drop as much by as much $10,000 to $20,000 in just two weeks.

3. Bank-owned homes are easy to find. Simply call the Shandrow Group to tap into our ever-growing list of Southern California bank-owned properties and foreclosures for sale. You can opt into our VIP list now. No major time commitment on your part. No endless searching. No pressure. No hassle.

4. What you see is what you get. Unlike real estate auctions, you’ll be able to personally view exclusive, Shandrow Group listed bank-owned properties inside and out before buying. That way, you can feel confident moving forward. No lingering sight-unseen concerns. No problem.

5. Less tax hassle. A bank typically settles its property’s tax issues and liens upon repossession, meaning less hassle, time and money on your part.

Call Mark Shandrow and his team of bank-owned/foreclosure sale specialists at 562.364.9505 today for more information on this great first fixer-upper home or investment property.

Sincerely,

Your trusted connection to Southern California’s exciting bank-owned properties market,

Mark Shandrow
REO Broker, Owner
Shandrow Group
markshandrow.com