Park City Utah Foreclosures!

Stan Fisher — Mon, 05 Dec 2011 19:19:07 +0000

Park City is a beautiful mountain community with three world-class resorts, endless lodging, events, winter activities, over 100 restaurants, and just a 35 minute ride from Salt Lake City International Airport. The mountain community is situated in the Rocky Mountains and is a wonderful place to visit or call home.

Park City is one of the world’s premier skiing destinations. Aside from its three world-class resorts, Park City offers residents and tourists many outdoor attractions such as biking, fishing, golfing, hiking, outdoor concerts, arts festivals, and other outdoor recreational activities.

Park City is breathtaking, with captivating mountain views with snow topped mountains and for residents that enjoy being close to nature, Park City is the ideal community. It is not only attracting many homebuyers and investors because of its fantastic community of homes, breathtaking scenery and amenities, it is also attracting the buyers because of the great investment that it has to offer.

As with most areas in the United States, Park City, too, has had its share of ownership struggles, and the community has foreclosures up for sale. Promontory is one of Park City’s high end golf course developments, and the prices of the homes are at an all-time low, with some of the homes being left in construction. Banks have taken over many properties, and investors are finding some of the best investment opportunities of life. The homes in Park City are magnificent and many of the banked owned properties are being listed for $100,000s to millions below their actual value. This is common, and investors and homebuyers across the board are making some of the best investments in their lives. Investors will also find exceptional condominiums listed for as low as $45,000, an exceptional value for one of the greatest places on earth.

Promontory, Tuhaye and Red Ledges are all golf communities in Park City, with foreclosures available in each of the communities. Red Ledges features exquisite community amenities such as a premier spa and fitness facility a Red Ledges clubhouse, Village center and trading post, Cliff Drysdale Tennis Academy, and more. Tuhaye golf community features homesites ranging from just under an acrfe to five acres and also available in the community are Christopher Homes at Tuhaye which offer cottages and cabins. Promotory is luxury second home community in the heart of the Rocky Mountains overlooking the historic Park City. Each of the communities offers a wonderful lifestyle to their residents and each features many fine amenities.

Park City, Utah, is considered one of the best investments in the United States at present. There are some spectacular foreclosure deals for both investors and homebuyers to get their hands on, which include all types of dwellings and living lifestyles that truly are an investment that will soar in value. The area is one that is sought after by tourists, as well, and one that makes a great investment for a rental property, or a first, second or retirement home. Definitely an area that all investors should take notice of.

About the author: Mike Pannell is a Dallas Texas Real Estate agent helping both sellers and buyers complete their real estate transactions. For more blogs & articles about the Dallas Real Estate market & Mike Pannell please visit our Dallas Real Estate blog.

8060 Cache Dr #7, Deer Valley, UT- Cache at Silver Lake

Stan Fisher — Sun, 21 Aug 2011 15:49:45 +0000

Offered at $1,390,000

MLS#: 9989109
8060 CACHE DR 7 Park City, UT, 84060

Information
Area/Subdivision: Upper Deer Valley Resort/Cache At Silver Lake
Short Description: 3 bedrooms, 4 bathrooms, 2,705 square feet, 0 acres

Description
Three bedroom suites in this tastefully decorated, west facing, updated condominium each with their own fireplace, full bathroom, walk-in closet, and privacy. Incredible views of Deer Valley and Park City from the reading nook in the master loft, the beautifully updated kitchen with granite countertops and stainless appliances, the inviting great room with a fourth fireplace, the dining room, as well as the expansive deck. Private hot tub patio tucked away in the trees. Located in the Cache subdivision in Deer Valley, renowned for its direct ski and summer trail access and walking distance to the popular Silver Lake Village restaurants. Take the free bus into the heart of Park City, only 5 minutes away.

Photos

7010 Royal Street W 7, Deer Valley, UT- Enclave

Stan Fisher — Sun, 21 Aug 2011 15:39:55 +0000

Offered at $1,199,000

MLS#: 9989963
7010 ROYAL ST W 7 Park City, UT, 84060

Information
Area/Subdivision: Upper Deer Valley Resort/Enclave
Short Description: 3 bedrooms, 4 bathrooms, 2,033 square feet, 0 acres

Description
This Enclave Townhome in Upper Deer Valley was completely remodeled and upgraded in 2010. Everything is new! Magnificent Deer Valley/Empire Pass views! Hot tub and two decks. Walk to skiing at Silver Lake Lodge.

Photos

7715 Village Way #202, Park City, UT

Stan Fisher — Sun, 21 Aug 2011 15:33:01 +0000

Offered at $1,450,000

MLS#: 9989956

7715 VILLAGE WAY 202 Park City, UT, 84060

Information
Area/Subdivision: Empire Pass/Shooting Star
Short Description: 3 bedrooms, 4 bathrooms, 1,745 square feet, 0 acres

Description
Shooting Star is located near the center of The Village @ Empire Pass adjacent to the Empire Club and the Silver Strike ski lift. This beautiful building is patterned after the grand lodges of our nation’s national parks. Magnificent views from this unit toward the pool, the Silver Strike ski lift, and Silver Buck ski run. Amenities in this 3-suite 4-bath residence include a gourmet kitchen with Wolf & SubZero commercial grade appliances, wide plank oak floors, A/C, and top of the line designer furnishings. Shooting Star offers a welcoming lobby, heated underground parking, a ski locker room, elevator and a common area spa. This is the perfect ski home you have been looking for!

Photos

6590 Lookout Drive at Deer Valley

Stan Fisher — Sat, 20 Aug 2011 16:09:57 +0000

MLS#: 9989836
6590 Lookout Drive Park City, UT, 84060

Information
Area/Subdivision: Upper Deer Valley Resort/Lookout At Deer Valley
Short Description: 5 bedrooms, 6 bathrooms, 5,898 square feet, 0 acres

Description
This 5 bedroom custom unit in Lookout @ Deer Valley is in a quiet location at the end of the project with expansive views and deck space. Finished bonus room on the lower level. Upper Deer Valley location, in the Silverlake area. This is a stand alone unit (no adjoining neighbors) and one of the largest floor plans in Lookout. Panoramic views of Deer Valley and Park City Mountain Resort ski runs. This is the perfect ski home for your family and friends to celebrate their vacation. No detail has been overlooked in this fabulous home. The large floor to ceiling fireplace is a great place for you to enjoy apres ski. The well equipped kitchen with Wolf, Bosch and Subzero appliances is perfect for the gourmet in your group.

Photos

Lots of Opportunities in Park City!

Stan Fisher — Tue, 28 Jun 2011 16:33:58 +0000

Spring time is upon us and the market has been great lately. Spring is a great time to view homes in the Park City area as you can really see what you are getting in to, unlike the winter. Lately there has been a slight delay in foreclosures hitting the market here. Lots of inventory left and only a few new deals per week hit the market, which typically don’t last long.

Promontory is still a hot location for great bank owned deals and short sales. Deer Valley has had some excellent condo deals popping up recently at well below previous pricing. Jeremy Ranch and Pinebrook seem to have a great new buy every few weeks that is either a foreclosure, or just a great buying opportunity.

If you are looking for any great deals in the area, please give us a call and we would love to show you a few of these great buys in the area.

Call Ben Fisher at 435-962-0192 or visit our other site at http://www.theparkcitylifestyle.com

New Site for Searching Park City Homes!

Stan Fisher — Tue, 21 Jun 2011 18:40:31 +0000

My son launched a site for his real estate blog and MLS search. He posts some great local information like events in the Park City area, latest real estate deals, and has updated mortgage information coming straight from the professionals.

Check it out at http://www.TheParkCityLifestyle.com and let him know what you think.

Beautiful Bank Owned Park City, Pinebrook Home! Back on Market

Stan Fisher — Thu, 26 May 2011 18:07:57 +0000

I listed this bank owned park city home last month but quickly put the home under contract with multiple offers.

However, the sale failed (due to financing) and I will be reactivating the listing. Great deal on a nice home in Pinebrook!

5,930 s.f. home in Pinebrook. Built in 2007, 5 bedrooms, 5 baths, .55 acre lot, high end finishes, two kitchens (one upstairs and one downstairs). This will need some new appliances as the previous owner stripped some things on the way out. Stil a great deal!

Previously listed @ $1,200,000 then $890,000 prior to the foreclosure.

BANK OWNED HOME!

$769,000.

New Neighborhood Searches/ Site Expansion

Stan Fisher — Tue, 29 Mar 2011 01:29:19 +0000

We are currently in the process of adding new neighborhood specific searches to the ParkCityForeclosures.com website to provide greater search capabilities for all who use it. A new tab has been created for local neighborhoods and all of the listings within the area. As of now we have the Jeremy Ranch area, and the adjacent neighborhood of Pinebrook. More locations to be added in the next few weeks.

Both of these neighborhoods have had some great deals come along in the recent months. A few bank owned properties and short sales have gone for some unbelievable prices to those who are getting in offers immediately. When a good deal comes up, they are gone quick in this market we have now.

I’m really liking this buy in Pinebrook for those looking for a great property in the area, at a sub-400k price. Has a good amount of land, great views, and the location of Pinebrook that is right off of I-80 for quick access to Park City or Salt Lake City.

In Jeremy, I really like this property for sale. It is a very nice updated home in upper Jeremy Ranch with fantastic views. Close to the elementary school and I-80, and at a pretty solid price.

Please let me know if you would like to take a look at any properties in either of these areas. I’ve lived here myself for the last 12 years and know the ins and outs of this area very well. Feel free to call Ben Fisher anytime to view. 435-962-0192

Park City 2010 Real Estate Statistics

Stan Fisher — Wed, 23 Mar 2011 14:49:41 +0000

Compare 2010 sales to 2009 sales in Park City: Up 16% in dollar volume and up 26% in number of transactions.

Distressed sales in Park City 2010 vs. 2009: Approximately 30+% of all sales in 2010 were “distressed” sales.

Park City real estate prices: Median price down 2.9% comparing 2010 to 2009. Signs are that some areas and some markets in the Park City area may be stabilizing or even increasing.

Stan’s perspective: “Distressed” sales will continue to be a large percentage of sales in Park City/Deer Valley in 2011. I hope I’m wrong – but I believe the market we have right now (March 2011) is the market we will probably have for the next 2 to 3 years. It is sad to see people (some friends, clients, and colleagues) losing there homes. However, for the serious real estate investor – it is truly “The Perfect Storm”. We are seeing (and helping our clients purchase) properties selling for WAY below the costs to build.

As always, for deals like this to come to your email before it hits everyone else, sign up for the Foreclosure Report. We make it our business to have the inside scoop on all of the latest REO and Short Sale deals to hit the market. Sign up and work with us!