Thank you Dan and Amy for posting this list of Bank Owned Properties. Any first Time Home Buyers should look at some of these homes, because they can take advantage of the $8,000 Stimulus Tax Credit and also the State of Ohio Mortgage Credit Certificates program that on a $116,000 loan could offer the buyer an Additional $36,000 in Tax Credits. See http://www.firsttimebuyers-mortgages.com/OHFAMCCTaxCalculator.php?Linked=Schuman for a calculator that computes the total tax credits.
BANK OWNED HOMES
Much has been written about the rising number of foreclosures around the nation and especially in the Cleveland real estate market. While there are a ton of foreclosed homes located within the City of Cleveland, the local suburbs certainly all have their fair share of bank owned homes as well.
Here is a partial list of all bank owned homes in Solon. *Indicates pre-foreclosure or estate sale. Current list price is given along with the most recent sales history, if available:
ADDRESS LIST PRICE PRIOR SALE
6922 Elmwood
$62,500
35645 Aurora Rd
$82,800
38420 Aurora Rd
$102,500
$167,900 March '05
35675 Pettibone Road*
$129,900
5275 Brainard
$140,000
$350,000 May '05
5696 SOM Center Road
$159,900
$176,000 March '07
6644 Forest Glen
$169,900
6280 Sunnywood Drive
$180,000
$250,000 Nov '03
34011 Summerset
$250,000
$265,000 July '02
7381 Vahalla Drive
$475,000
$800,000 Feb '05
7403 Capilano Drive
$525,000
$699,999 March '06
38480 Flanders*
$625,000
$765,000 April '07
39755 Lochmoor
$729,000
$975,000 Aug '06
While many bank owned homes in Solon have sold in recent months, there are still great bargains to be had for a few special buyers, including homes located in Solon area luxury home communities such as Signature of Solon and Thornbury.
For a complete list of bank owned homes in Solon or surrounding areas, please contact us and we will be happy to email you.
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If you are looking to buy or sell a home in Beachwood, Moreland Hills, Orange, Pepper Pike, Solon or the surrounding Eastern suburbs, please contact us as we would be happy to show you why people love working with the Schuman Team.
Dan and Amy Schuman are Solon residents. We use our home staging expertise to sell listings quicker and for more money. The average home in the Cleveland area sold in over 100 days in 2008 and our listings sold in less than 60 days. The Schuman Team specializes in luxury homes and are members of the Luxury Home Consultants of Keller Williams Realty Greater Cleveland and of the prestigious Institute for Luxury Home Marketing, the premier independent authority in training and certification for real estate agents working in the luxury home market. We also work extensively with buyers and sellers who are relocating in or out of the area.
To see all homes currently on the market in the Cleveland area, click here. For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.
