Great Deal on a Redondo Beach REO Townhouse

Well this is a great deal if you are a buyer and very disturbing if you are a homeowner. A new bank owned REO foreclosure listing hit the MLS today. 2200 Mathews Unit 3 just hit the market listed at $435,000. This 3 bedroom, 1.5 bathroom, 1602 sq ft attached townhouse with it's own driveway is listed at $271 per sq ft. That is very low. For those who haven't been following local pricing, most townhouses are selling above $300 per sq ft and buyers consider anything under $300 to be a good buy. We have seen other 3 on a lots sell for $150K higher. Buyers, where are you? Here's what else we can tell you about this REO deal.

1602 sq.ft. unit with 3 bdrms plus a huge laundry room. Hardwood flooring on down stair hallway area, staircase, living room and kitchen. Very spacious living room with wood beamed ceiling. Corner fireplace in living room with hearth. An abundance of kitchen cabinets and almost new stainless steel side-by-side refrigerator, oven, dishwasher and cook top. Skylight in master bathroom makes for a light and airy room. Master bedroom has vaulted wood beamed ceiling, additional windows over large mirrored closet. Wrap around balcony off living room. Newer water heater in garage plus unit has a newer roll-up garage door. Some painting and new carpeting in the 3 bedrooms will make this unit comfortable and cozy. Use your your green thumb on the front and back yard. Because this is a bank owned REO foreclosure, property sold in "as is" condition.

To view MLS listing S11088420 CLICK HERE or  FOLLOW THIS LINK to view all the REOs and foreclosures currently for sale in N Redondo Beach.