As some readers probably know, I run a popular website about North County. And because of that, I get a lot of nasty emails from crabby crabs who used to live in North County and now want to tell me why North County is a sewer. Many of them happen to live in St. Charles County (where most of my family also resides), so I have to admit I gloated for a brief moment today when I read the latest foreclosure news.
According to RealtyTrac, it was not St. Louis County or even St. Louis City that led the area in foreclosures during February. It was St. Charles County, at a rate of one out of 517 properties. County was one of 616, city was one of 530.
Of course, I’m not happy about anyone losing their home. That’s a tragedy I’ve seen in my own family. But I do think this data is a strong reminder that we’re all in this mess together. NOWHERE in St. Louis is immune from the foreclosure crisis, and from what I’m seeing, I still think there’s stormy weather ahead.
On the sunny side, however, this is a time for great bargains! And since we’re talking about St. Charles, I might as well share this vintage gem not far from Lindenwood University. It’s a 1947 ranch that just went back on the market today, and it sits on a sweet little half-acre lot.
Yes, it’s a fixer upper. And yes, it’s bank-owned and cash/conventional only. But for the right person, this could be one heck of a deal…
Listing courtesy of Michelle Syberg, Mid-America Property Partners, (636) 720-2750. More info available here.
If you’d like a buyer’s agent to show you this handyman’s special that would be perfect for a Lindenwood student, I’d be happy to help!