1 July 2006
Off the bubble, as it were
A Los Gatos, California home for a mere $350K? As always, there's a catch:
CONTRACTORS SPECIALPosted at 6:44 PM to Dyssynergy
Nice home with a view, bright and sunny 14 minutes to downtown Los Gatos, 17 minutes to Santa Cruz. Home appears to be intact and in good condition. Landslide on lower part of property. Large retaining walls needed. Good opportunity for contractor or investor that has experience with retaining walls and Santa Cruz county. The extent of the slide needs to be determined. Sellers want to move on with their lives and are willing to take a loss. Before landslide, home was valued at $750K. Lenders will not lend on this property now. Best cash offer gets it. No contingencies, close escrow in 10 days or less. Offers reviewed on June 26 at 5PM. Home is vacant. Come out and take a look but be careful. Enter property at your own risk.