HOT SANTA BARBARA BERKELEY, CA 94707

Features

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Facts

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Pre-Foreclosure Info

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Sale Type

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

Description

Amazing opportunity to complete this project and create your dream home in the process! Originally built in 1925 at 704 SF, in the early 2020s the owner began a huge renovation and expansion project. Doubled in size to a 1499 SF two-story home, a significant financial investment was made and a tremendous amount of work was done before the project came to a stop during the Pandemic; ultimately the property was foreclosed upon by the current sellers. Surrounded by multi-million dollar homes in this verdant Berkeley Hills neighborhood, this is the opportunity of a lifetime! Enjoy filtered views of the San Francisco Bay surrounded by majestic oak trees. Plans and permits may be available; it will be up to the buyer to investigate all conditions of the property. The current owner is a lending institution with no prior knowledge or records of the property.

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