Clients of mine just purchased this brand new home in Maple Grove for $365,000 with the seller paying their closing costs. This was yet another bank owned deal!
The home was built in 2007 by LeGran Homes LLC which typically builds homes in the $700,000 to $1 million price range. A few of their homes are for sale in the Seven Greens development near Providence Academy at Vicksburg and Schmidt Lake Road. LeGran also built luxury homes in upper bracket developments in Medina in both Wild Meadows and Bridgewater.
Unfortunately for LeGran Homes LLC, they are not going to be one of the survivors in this housing downturn. The bank took this home back and had to take a hit in the process.
The home was unrealistically listed for $630,000 in January 2008. It had successive price reductions until the bank took it back from LeGran in late March, early April. It was then relisted for $459,900 and then took several price reductions until it was finally purchased by my clients.
It’s a 5BR/4BA home with a 3 car garage in cul-de-sac in a beautiful neighborhood in Maple Grove. It has a 1/4 acre lot and over 3,000 finished square feet.
While the bank lost money, I’m sure they are happy to finally have the property sold. My buyers are happy as they have a beautiful home at a terrific price in a very nice neighborhood.
There are many more deals and opportunities out there. If you’re interested, contact me at www.DistressSalesTC.com.  To learn more about buying foreclosures, be sure to read this post and check out www.HowToBuyTwinCitiesForeclosures.com to receive your special 6 page report on “The 10 Things You Need To Know Now Before Buying a Foreclosure.”
Below are some photos of this beautiful home. Click on any of the pictures to enlarge.
 
 
 
 
