Bargain Watch: 1500 Sq Ft Bank Owned Foreclosure at Allenmore Ridge for $129,000

by Marguerite

Allenmore Ridge Condos in Tacoma

I visited this foreclosure a few months ago with a buyer of mine who had been looking at another unit in the building. At the time, the other unit was priced lower than anything had been at Allenmore Ridge, at $225,000.

This unit was priced at $185,000, but they reduced it to $160,000 $129,000.  The building doesn’t go FHA, so you have to have 20% down.  That would put your payment (including HOA dues) around $1200/month with taxes, insurance, etc.  HOA dues here include landscaping, earthquake insurance, Water, Sewer, and Garbage.

I love that it’s huge (1551 sq ft), with a great view of the golf course.  Also, it has more storage than any condo I’ve ever seen.

The condo is listed with Robert Tourney at Remax.

UPDATE:  Price has been reduced to $129,000 due to the reasons stated in the comments below- this has probably gotta be paid for with cash, folks.

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