Isanti MN Bank Owned Homes

Search Bank Owned Homes In Isanti

Search Bank Owned Homes In Isanti


 

Search all Bank Owned Homes for Sale in Isanti MN!

Once a high volume foreclosure area, Isanti MN now offers just a few bank owned homes for sale!  With the improving real estate market the foreclosure homes that have been coming up for sale have sold fast.  Now there are very few for sale, which mean those new listings go fast too.  Most of the bank owned homes that get listed under $150k in Isanti sell within 30 days.  The ones that stay for sale longer typically need major renovation or are the homes in the higher price range of $200k or more.

Remember when searching Isanti MN bank owned homes to include all of the 55040 zip code. This can be areas like Athens Township, Bradford Township and Stanford Township.

Isanti MN Bank Owned Home Real Estate Market Update

At the time of this post there were less then 10 listings active and available in Isanti MN that are bank owned listings.  At the peak you might have seen 50-75 foreclosure listings in Isanti MN active and for sale.  Buyers who purchased an Isanti foreclosure a couple years ago have likely seen 30% increase in their homes market value.

That being said you can still find good deals that will come up for sale in Isanti and the surrounding areas.  A nicer foreclosure home is likely to list around $120-$130k for your 3 BR, 2BA split level home.  Isanti will often have some acreage foreclosures for sale. Some of those end up being fixer uppers that can be purchased for big discounts yet.  Often you will also see bank owned lake homes for sale in Isanti.  Long Lake is a great spot to find a lakefront foreclosure deal for example.

For homes under $100k for sale in Isanti your likely to be limited mostly to bank owned townhomes  or condos that come up for sale in Isanti. Last year overall there were about 100 closed bank owned sales in Isanti MN!  About 40 of those sales were under $100k in 2013.  Keep in mind many of those were in need of work and were your more typically fixer upper listing.

To keep up with the current bank owned listings for sale in Isanti MN contact Chuck Carstensen with RE/MAX Results at 612-290-3809 or chuck.carstensen@results.net.