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Why is the List Price So Low?

Profile picture for ms_val
Contributions: 2

I looked into a property because I was interested in purchasing it. I first typed in the zip code and came up with 1134 properties. I found several that were listed at $1500.00, one at $1250.00, and one at $3500.00. It is the latter that I'm interested in. 115433 has a listed sales price of $3500 and the monthly payment is listed for $15.00.  Even the aerial birdseye photo shows an estimate of 4K. This listing says nothing about leasing.

Then I clicked onto the listing partner Point 2, Laura Ludwig is the agent. This address is also listed as $3500.00 on this website
 http://www.zillow.com/trk/ClkTrk.htm?brokerid=19&link=http%3A%2F%2Fplatform.point2.com%2FReport%2Flct.ashx%3Fflid%3D1000700089%26aid%3DZW%26url%3Dhttp%253A%252F%252Flistings.point2.com%252F1000700089&tp=29784317&ts=2142474389&tt=2 Point 2.
 I don't get it! Is it a typo or what? Or was it a typo on all the rest of the rock bottom listed properties? I would like to know. Please contact me at (31 4) 839-5943 as soon as possible.

Sincerely,

Valerie Granberry

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November 09 - Florissant
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Answers (3)

Profile picture for unclefriend
some times, in more depressed areas, you find that he bank want to get rid of the property for taxes. You find the these home require extreme amounts of repair or total reconstruction. be extremely careful and get a home inspection before jumping into one of these "deals" . Most of the time it is not cost effective to reconstruct the home due the the areas economics.
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November 09
Profile picture for REMAX Agent in MO
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Since August 2009

It is offered for rent at $3500 per month. It was listed for sale in Nov. 2008 for $449,900.

I would imagine that the other properties listed at $1250 and $1500 are also offered as rentals.

If you want to post the other addresses, I will be happy to look them up on the MLS for you. Or you can email me directly.

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November 09
You should contact the listing agent directly. It does appear to be a typo if it is, they will at least be able to give you the correct price. They will probably appreciate the heads up too.
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November 09
 

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