The purpose of this series is to alert buyers to some of the best deals in the Louisville area. Most of these houses require work to bring them up to par. However, when the work is complete, the new owner should have significant equity in the property. Many of these homes have offers within days if not hours of hitting the market and multiple offer situations are common. This is especially true for homes below $150,000.
I attempt to find the hidden gems that have been overlooked for one reason or another. This week I focused on houses for first-time homebuyers in Bullitt County and found 2 great houses in the same neighborhood.
The first (pictured) is a 3BR/2 Bath home with a downstairs master and a large eat-in kitchen that is available for a little over $110,000. The utilities need to be turned on for a thorough inspection by a professional, but this house appears to be in great shape for a foreclosure. The carpet is probably beyond saving as it has several stains and a strong pet smell. Beyond that the refrigerator and stove have gone MIA and a few minor repairs are needed.
The second house (not shown) also has 3 BRs, 2 baths, a downstairs master, an eat-in kitchen. Additionally, this house has an unfinished basement and several upgrades. The house is currently listed at $130,000. I toured this house 3 months ago before the foreclosure auction and it was in prisitne condition at the time.
If you are interested in viewing either of these homes, please contact me as soon as possible. Note, that pre-approval letters must be submitted with offers. If you are not pre-approved, I'll be happy to recommend a lender who should be able to qualify you quickly.
Search for more Mt Washington Homes
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Erik Hitzelberger is a licensed real estate agent with RE/MAX Alliance in Louisville. If you need a Bullitt County Real Estate agent please email me or call 502.921.3989.
I specialize in the following areas of the Metro Louisville Area: Jeffersontown (J-Town), Okolona, Fern Creek, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley. Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search the Metro Louisville MLS.
I like your 'Steals of the Week'. Another great deal in Kentucky!
John - This really is a great deal in an established Mt Washington neighborhood. With just a little bit of work, it would make an excellent home.
Erik looks like this home is a very good buy. Hope your marketing efforts bring you a timely sale.
Great idea for a post. I hope it will bring buyers your way.Good luck.
Bill - Thanks. As I mentioned to John, this is a good deal if someone would be willing to put a little work into it.
Gita - Thank you for you comments.
I like the concept of A Steal of a Deal of the Week!
Maybe others will steal your "Steal of the week concept!" Great idea, great home, and a fantastic price!
Liz - Thanks. With the large number of properties on the market, it is sometimes hard for buyers to identify value on a home that needs work. Yet, these are often the properties where the most equity exists.
Jim - Hmmm, maybe I should sell the rights. The only trick to it is getting to the house and taking some pictures before it goes under contract. I found 3 others before this one that sold the day they were listed.
I love your steal of the week series... If they aren't your listings, do you have to ask permission from the other realtor.
Erik, what a cuuuute little house! Like the exterior and the kitchen.
So there is a Mount Washington, Kentucky too? I've been to Mount Washington in New Hampshire and it is simply breathtaking - one of the prettiest, most dramatic places on the planet! They have a big old grand hotel and it is a big tourist destination and has one of the toughest skiing areas anywhere - Tuckerman's Ravine - with no lift service. Hardy skiers hike up the trail one day, camp in lean tos overnight and ski down the next day. It is sort of a right of passage. That is one adventure you won't catch me on though (YET!!!).
Erik I like the idea of a steal of the week. Consumers are always looking for bargains. You have to let me know how this concept works. I may borrow it for my neck of the woods.
Have a great dayt
leander
I love the "steal of the week" idea. I think I want to borrow the idea too~OK?
Erik: Great post and an adorable house,, nice tile back splash in the kitchen. I post other brokers listings on occasion but under IDX rules I usually put something like LO: Coldwell Banker, Shcmitt.