Bank owned foreclosure in Las Vegas real estate is a bargain at $8 million slashed from $10 million appraisal according to Bank Central and Trust Co. You could be a proud owner of the most expensive luxury home in Nevada real estate at The Tournament Hills in Summerlin.
Now is your chance during the downturn in the real estate market to scoop up this luxury The Tournament Hills home at $7.95 million. In addition to Nevada this could near the top of the list of nation’s most expensive foreclosure.
A recent search for bank owned foreclosures shows a Rancho Bel Air home sold for $7.7 million five months ago and several near $3 million homes listed in California. Otherwise, luxury home foreclosures in this range are very hard to find.
According to county assessor’s records, the home belonged to local online entrepreneur Charles E. Johnson Jr. of PurchasePro. He owned the home since 1999 until May 2006 when it became REO by Bank Central.
The beautiful two story Tournament Hills estate has 10,692 square feet and overlooks the fourth hole at TPC Summerlin Golf Course with included 1.24 acres of land. It offers 7 bedrooms, 10 bathrooms, an elevator, gym, putting range, basketball court, home theater, marble floors, 8 car garage, pool and spa.
Interested millionaires who can afford a monthly mortgage payment of $43,343, with 20 percent down, and qualify for a 30 year mortgage at 7.24 percent may enjoy this luxury Summerlin home.
Foreclosure home in Las Vegas is a bargain at $8 million from $10 million appraisal.