It’s nice to take pause and see good things happening in the Sacramento real estate market. It’s not all bad news thankfully. Below are three houses on 37th Street in the Oak Park area that began construction several years back, but ended up going into foreclosure during the building process. These houses sat vacant for quite a while until they were purchased in January 2010 by an investor. All units have since been rehabbed throughout and are currently listed for sale. I snapped the half-built photo in October 2009 and the remodeled photo last week. 

This is a win for the neighborhood, don’t you think?  

If you have any real estate appraisal, consulting, or property tax appeal needs in the Greater Sacramento Region, contact me at 916.595.3735, by email, on our appraiser website or via Facebook. 

What is a half-built house worth in today’s market? I snapped the following image recently while heading through the Oak Park area of Sacramento. These three houses had begun construction, but during the building process they went into foreclosure.

This is not an uncommon scenario in today’s market, is it? We’ve all heard stories of builders who went under, a project that is on hold (or dead), and a very real slowness in new construction right now.

www.SacramentoAppraisalBlog.com Photos from the Field: Half-Built Houses