Saturday Steal of the Week

Welcome to the Saturday ‘Steal of the Week’! I’ll find one great home, which I think is a good bargain each week, and share it with you. So what makes these homes such a steal?
A few factors could contribute to it’s selection:

  1. Its price realative to the homes sold around it
  2. Its potential cash flow, if rented
  3. Its potential for quicker appreciation
  4. Its price relative to its quality and condition

Check out the previous “Steal’s” of the week:

Stockton Real estate investing property - Ravenwood

8803 Ravenwood Dr. $135,000

03.31.2012

Another Stonewood community delight! This 3 bedroom 2 bath home is a nicely maintained 1772 sq ft. The short sale property has been Read More...

ROI: 11% | Monthly Cash Flow: $325
Stockton Real estate investment property

119 Nottignham Dr $119,950

03.24.2012
Asking $119,950

It’s not to often that I feature a home in the Stockton Unified School District because there are two better options when picking a district to raise your kids Read More..
ROI: 17% | Monthly Cash Flow: $406

1416 Chelsea Way $112,500

03-17.2012
Asking $112,5000 Pending

A Lodi Unified School district find is a simple, yet demandable, 3 bed 2 bath home. It is a comfortable 1440 sqaure feet.
Read more...
Monthly Cash Flow: $400

10602 Dylan Ct $157,000

03.03.2012
Asking: $157,000

This Spanos Park East home, at first glance, may seem like a very good price for its size, 2032 sq ft and location. However, at $157,000 Read more...
ROI: 14% Positive Cash Flow: $524/mo

2833 Appling Ct. $124,900

02.25/2012
Asking $124,900 Now: $109,900


Today’s Steal of the Week, takes me back out to the Stonewood Estates community. This home on Appling Cir is a foreclosure ..Read More...
ROI: 14% Positive Cash Flow $392/mo

1409 Chaparral Way $135,000

02.18.2012
Asking $135,000 Pending

BACK ON THE MARKET! This home is back on the market as of 2/17/2012 after falling out of escrow. This short sale has been for sale for 109 days on the market (DOM) and is in a great family oriented...
From a rental standpoint this home should rent for around $1400...
Read More
Cash Flow: $473 Month ROI: 15%

1253 Chelsea Way $125,000

02.11.2012
Asking Price $125,000 Active Short Cont.

Yes, I know, the picture above is not good. You can't tell if the car is for sale or the home. With many of these distressed properties, having a good imagination is a key ingredient for success. Read more
Cash Flow: $429 Month ROI: 16%

7514 Coral Ln $120,000

02.04.2012
Asking Price: $120,000
It is in a very nice establish neighborhood in the best school district in Stockton, Lincoln Unified. It will attract good tenants and therefore bring higher rents.

This home would rent for $1250 – $1350. It’s a 4 bed 2 bath home and has about 1640...
Read More
Cash Flow: $462 Month ROI: 17%

14 W. Mayfair Wy $121,000

09.03.2011
Sold: $105,000
Asking Price: $121,000
A cute little neighborhood where most homes show pride of ownership. From an investment point of view it makes sense. This home is 4 bed and 2 baths and would rent for about $1200-$1300 a month and it comes with a seller credit. Read More...
ROI: 17% Cash Flow $374/Month

10212 Lanier Ln $149,900

08.27.2011
Status: Pending
Asking Price: $149,990
Just 8 years old, this home is perfect for many potential tenants. It's 3 bedrooms and 2 baths. A great long term rental should have room for future appreciation too!
Read More...
ROI: 13% Cash Flow $360/Month

9431 Stanfield Ct $109,000

08.13.2011
Status: Back on Market for $104,900!
Asking Price: $109,900
Not much traffic on this Court! The price per sq ft is $65, which is low for the area.
Consider 9436 Stanfield Ct, which is just across the street, sold for $147,500 on August 5th, 2011. Granted, it was in better condition, but this home is not in bad shape by any means...Read More...
ROI: 18% Cash Flow $450/Month
Learn more about this opportunity

3467 Tupelo Dr - $136,000

08.06.2011
Status: SOLD $150,000
Asking Price: $136,000
Just 1 day on the market, this wonderful 3 bedroom 2 bath home would be for a ideal first time home buyer. The 1420 square foot home, built in 1996, nests perfectly...
ROI: 12%
Learn more & See more pics...

$129,950 2903 Waudman Ave

07.30.2011
WIthdrawn/Not Sold
Asking Price: $129,950
This home has had with many upgrades over the years. The composition roof only 1 yr old, newer tile floors in kitchen and baths, Newer Corian-like counter tops goes well with the newer kitchen cabinets. A new garage door and opener, newer dual pane windows, new carpet in family room, exterior painted 2 yrs ago, all will make your living comfortable...
ROI: 13%
Learn more & See more pics...

$134,000 1609 Amanda Ct

06.04.2011
SOLD: $125,000
Asking Price: $134,000
This home is in a great North Stockton area. Steps from Dentoni park this home is situated on a small court which will have little traffic. It would be great for a small family with kids. The oaks trees are amazing on this property, see the pics below. The home is a 3bed 2 bath home....
Learn more & See more pics...
04.23.2011
SOLD $119,000
Asking Price: $115,000
Just on the market for 25 days, this country club area home has had recent electrical & plumbing upgrades. The home has 3 bedrooms 1 1/2 Baths and is surprisingly 1845 sq ft.
Learn more & See More pics

3533 Deseret Dr, $139,000

04.16.2011
Sold $140,000
Asking Price: $139,900
A fabulous looking home in North Stockton. It is a large 2191 square feet and has 4 bedrooms with 2 1/2 baths. This home is ideal for any first time buyer or investor. Either way they both make sense. The Lodi Unified School District area home is stocked with plantation shutters...
Learn more & See more pics

6140 Greer Ave $85,000

04.09.2011
Sold $85,000
Asking Price: $85,000
This home made the Steal of the week from some obvious reasons. First off, you’ll notice the LOW asking price of $85,000 which amounts to just $62 dollars a square foot. From an investment standpoint this home make a lot of sense. Read more and see more pictures.

1838 Praire Ln, $259,000

04.02.2011
Asking Price: $259,000
At first glance you may see the price tag of $259,000 of this Stockton home and think how is that a STEAL? Well, based on a number of reasons.Read them and see more pictures.

10416 River Oaks Dr, $139,900

3.26.2011
Asking Price: $139,000
The Spanos East home, has 4 bedrooms 2 1/2 bath and is a large 1883 sq ft. Like the Stockton Steal of the Week #1, it is found in Lodi Unified School District and is ready to move in (other than the bold paint colors on the walls).
See more pictures...

1304 Chelsea Way

3.19.2011
Asking Price:$109,900
3 bed 2 bath bank owned home is located in North Stockton. See more pictures...

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