Repomans Best Buys- Boise Idaho Foreclosures

Last Updated 2/22/12 at 2:45 PM  Happy Wednesday! Two sold today. 
Realtors- please don't steal my work -find your own bargains.
     
Buyers and investors must move fast to have a chance at the best priced homes, and it's not even spring yet. Median home prices in Ada/Canyon County are 35-50% below the peak and supply is tight, so don't expect big discounts from asking. In 2011 the average discount off asking on REO property was zero and market times were much shorter than overall, proving REOs are priced for quick sale. 

As a broker specializing in helping you buy repos for 20+ years, I scour the Boise Metro (Ada & Canyon Counties) to find the most outstanding bargains in government and bank foreclosed homes for sale listed by HUD, VA , Fannie Mae, Freddie Mac, Idaho Housing and all banks and lenders. I look for well-priced homes, condos, townhouses in good locations, as well as investment properties for rentals (I favor single-family, but do not rule out duplex, triplex, fourplex, apts) with good income potential. Also fixer-uppers for homebuyers and investors.

Never miss a best buy...  and get there fast. Tell me what you are looking for and I will send you instant e-mail updates on every property for sale that meets your needs, price range or investment criteria.

See and search ALL foreclosed homes for sale in the Boise area in my Bank Repos article with direct access to MLS listings searchable by map or list. Don't miss the HUD Homes also.

See MLS listings for my Top 10 best foreclosure buys.        

SOLD 10301 W Lupine, Boise $61,900 Has only one bath, but for this price, 3 bedrooms and a 2-car garage in nice sub make this worth looking at for investor cash flow or sweat equity for homebuyer. Built in 1978 on std lot, this 1040 sq ft single level 3/1/2 has large living room, gas heat, central air, room for RV parking. Needs cosmetics- maybe $5-7k. Comps avg $70k in good condition. Should rent for $750. Payments* for investors would be approx. $440 total.

7731 W Bright Star, Boise $124,900 Built in 2005 on std lot in S Boise near Cole & Amity, this 1655 sq ft single level 4/2/3 has bonus room, custom shower & dual vanitities in master, gas fireplace, granite counters, breakfast bar, pantry, microwave, fresh interior paint. This would rent for $1000 easy. Payments for homebuyers approx $820* total. For investors- under $650* total.

7045 S Glenridge View Dr, Boise $137,900 Last sold in 2007 for $250k! On half acre lot near Boise Ranch Golf Course in SW Boise, this 2160 sq ft tri-level 4/3/3 built in 1977 has living & family rooms, fireplace, breakfast bar and more. Great value for under $64/ft. Payments for homebuyers approx $910* total.

10499 W Sultana Ln, Boise $995,000 Check out this one of a kind dream home on Boise River! Last sold in 2003 for 1.3 million. Built in 1992 on 2.5 acres with private pond, this 2876 sq ft 2-story custom log home is amazing. Also has seperate living quarters and giant shop with RV bays. Assessed value is only $550k, which keeps taxes lower. Make an offer- small pool of potential buyers!

CANC 3626 S Peoria, Meridian $70,000 Super affordable home or cash-flowing rental south of Meridian. Built in 1993 on std lot, this 1220 sq ft single level 3/2/2 has gas heat, central air, room for RV parking, no other features listed.

2591 W Carlton, Meridian $109,900 Bulilt in 1998 in Haven Cove, a mice sub, this 1414 sq ft 2-story 3/2.5/2 has std lot, auto sprinklers, pantry, breakfast bar, living & family rooms. No restrictions on investors- look at this for rental. This would rent for $875. Payments for homebuyers approx $775* total. Investors $600* total. 

2730 Green Canyon Dr, Meridian $188,000 In very nice Thousand Springs, this 2130 sq ft 2-story 4/3/3 on large lot has fresh interior paint, new carpet, bayed front, tile floors, granite counters, bonus room and much more. Look here for move-up home. Payments for homebuyers approx $1230* total.

2248 W Tango Creek Dr, Meridian $234,900 Move up to this Freddie Mac repo in lovely Lochsa Falls Sub. Built in 2006 on std lot, this 2878 sq ft 2-story 4/3.5/3 has new paint, carpet & appliances. Also, features hardwood, granite,tile deluxe master suite, kitchen island, pantry, micorwave, gas fireplace and more. Payments for FHA buyers with 3.5% down approx $1540* total.

722 N Dogwood Pl, Eagle $91,500 Under $62/ft in Eagle is unbelievably cheap for a 3-bedroom! Built in 1977 on corner lot north of downtown, this 1484 sq ft single level 3/1.5/2 has gas heat, central air, enclosed patio. Investors welcome. This would rent for near $900. Payments for homebuyers approx $615* total. Payments for investors $530* total.

SOLD 783 N Nebula, Star $80,900 Back on the market, investors welcome. Built in 2000 on std lot, this 1251 sq ft 2-story 3/2/2 has upstairs master bedroom, gas heat, central air, pantry, covered patio, auto sprinklers. This should rent for $800 or more. Payments for hombuyers approx $575* total. For investors approx $500* total

*These are not my listings.  I do not represent the seller.  Under cooperating brokerage in the MLS, the price includes the seller paying me to represent you and to work in your interest to get you the best price & terms.

Homebuyer payments are calculated on asking price going FHA 3.5% down at 3.75% fixed for 30 years with 1.15% annual mortgage insurance, estimated taxes, estimated hazard insurance and association fees, if any.  Taxes for owner occupants are estimated on previous year or 1% per year reflecting homeowners exemption, which must be applied for prior to April 15th each year. Tax rate may be higher until exemption takes effect.

Investor payments are calculated on asking price with 25% down to get the best rate (20% down is possible) at 4% fixed for 30 years with property taxes from previous year or estimated from 1.8% annual to 2% annual, depending on the county, plus hazard insurance and association fees, if any.  

All rates used to calculate payments are subject to change daily, qualification and are based on a recent quote from local  lender. All loan programs are subject to qualifying both by purchaser and property. Consult your lender for estimated payments- my estimate is general and does not take into account differing loan programs and down payments. It is not my intent to mislead you, only to give you a general idea of the total monthly payments at prevailing rates and prices.

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