Real Estate Deal - Back on Market with Huge Price Drop

The home for sale at 8360 John McKeever Rd is available for sale for $140,000...discounted from it's former purchase price of $252,000.

The home at 8360 John McKeever Road in the Eureka area is back on the market. 

This home is a SHORT SALE and offers a lucky buyer a great opportunity to live in the country while being just 10 minutes from the conveniences of Hwy 44 and Hwy 109. 

With over 3 acres of wooded land and a charming 3 bedroom/2.5 bathroom home in Rockwood School District, this home is a great deal. Formerly listed at $179,900, the price was just dropped today to $140,000. 

Purchased for $252,000 in 2007, the drop in home values over the last few years means that this house is now available for 55% of its former value!

While short sales can offer a great opportunity to buy a house at a discounted price, many short sales take months to get approval from the seller's bank. Buyers often get impatient and end up walking away.

That's what happened here.

But the contract offer that just fell apart got the wheels turning with the seller's bank, which means that you don't have to wait nearly as long to be handed the keys to this home. 

We were just informed today that short sale has received preliminary approval, so if you make an offer on this house now, you can move in by the end of February. 

Perfect timing to fire up the wood stove in the family room!

See more information about 8360 John McKeever Rd, House Springs, MO 63051...

Read more about short sales here...

Arch City Homes offers buyer and seller representation. If you are planning to buy or sell a St. Louis, MO home, contact Karen Goodman (karen@archcityhomes.com or 314-677-6538) to discuss how our agent specialists can help you accomplish your goals.

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