Tuesday, June 8, 2010

JUST ESCROWED - 986 DORCEY

Home with very nice views of Diamond Peak and the Carson Range and privacy.  Final ask price was $900,000 as it goes to escrow.

Listing agent remarks in the MLS: "PROPERTY IS SOLD "AS IS" WHERE IS" CONDITION.  Surrounded by unbuildable lots, very private setting.  Office/4th bedroom or family room, large storage. Spacious bedrooms, floor to ceiling windows.  Potential 10X30 sq. ft., deck on top floor."

Distress appears to be factor in the sale.

Final asking price per foot as the property goes to escrow is $205.  The initial ask price upon listing was $1,325,000 (as of  2/12/2009).  The high elevation location, lack of deck space and need for some curb appeal probably added to market time.  The interior was well planned and attractive.

Stay tuned as the property was in escrow once before.  Many escrows are failing these days for one reason or another.  Buyers are easily discouraged if road blocks, such as inspections, low appraisals or lending problems arise.