[Highland Park] FSBO - Heberton St.
Neighbors, After seeing a post inquiring about FSBO opportunities in the neighborhood and also based on our desire to have an owner-occupant as a neighbor, I am passing around a very affordable opportunity next door to us. Please spread the word. 840 Heberton St. is a townhome for sale by owner, but not actively being marketed/listed on the multi-list. The owner is actually a realtor who usually deals with commercial properties. He's been a landlord who, in our experience since 2005, has generally been a rather average neighbor since he's been rarely seen or heard from, but has had a very friendly family as tenants. And as much as we've enjoyed having them as neighbors, regrettably, they have moved and now we'd much rather have a homeowner living next door who actually wants to invest in the property like we have been investing in ours. We purchased our home, also a former rental, and have spent several years making moderate, consistent improvements and are very happy with the results now. The same would be required of 840 Heberton, since the tenants never had any incentive to make improvements themselves. I think he is asking $120,000 but I believe that is based on our neighbor who bought a renovated townhouse with the same layout for $96,500 in 2005 and two other neighboring homes that have either sold or been recently listed above $200,000. A motivated buyer with evidence of financing would be in a position to negotiate successfully, I believe, but as a heads up, he is actively taking applications for rental tenants. Ted Harchik - Coldwell Banker - office: 412.963.7655 x233 cell: 412-969-1235 Good luck! Paul
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Paul Svoboda