Living In Pike.com

Last week I looked at 4 HUD foreclosed properties in Pike Township. All 4 were quite different from each other. Usually you can tell the property condition by how long it has been on the market. 3 out of 4 of these had just been put on the market. The first was a home built in 1968. It was a tri-level with over 2000 square-feet. It is rare that you find a HUD forclosure that old. It was in a community called Shady Hills, located close to Lafayette Road and Traders Lane. Deep in the community at the end of a cul-de-sac on almost 1/2 acre, sat this 37 year old house. It was in fairly good condition although it needed some updating. The downside to this house was that the backyard was very small and it backed up to a large church driveway. I am not saying that is bad, only that you would not be sleeping late on Sunday. The house was priced at $161,000. I thought it was a little high. How long it stays on the market will tell if I am right. The second house was in Bayswater built in 1995. A 1152 suare-foot 2 story with only one full bath on the second floor. I suppose the reason being was that it only had 2 bedrooms. It seemed to be in good shape priced at $75,000. The 3rd house was at Falcon Run. This cluster home had 2 stories, 3 bedrooms, 2.5 bathrooms, 2 car garage with 1623 square-feet built in 2000. It needed some updating (carpet and paint) but seemed to be a good buy at $85,000. The last house I saw was at 6500 Georgetown. A 2 bedroom, 2 bathroom with 2 car garage built in 1999. You enter this condo from the first floor and have two choices. Either go into the garage or up the staircase to the unit. An open floorplan with split bedrooms and a balcony. It was priced at $72,000. I am still undecided on this one. Time will tell.

There are currently 19 HUD forclosed homes for sale in Pike. There are currently 62 HUD forclosed homes pending in Pike. It is interesting that the average days on the market for a HUD home is 26 days. Average days on the market for a regular home in Pike is 80. Data is for YTD. 47 HUD properties have been sold in Pike this year…so far.