There’s now a $1+ Million Aptos foreclosure on the market! For the past several weeks up on Mesa Drive, there’s been a sign in front of the home at 7429 indicating that the home would soon be available for bidding on Hubzu.com, a foreclosure auction site. Weeks later, that day has finally come. 7429 Mesa Drive in Aptos is now for sale, with an initial asking price of $1.325 Million.

Obviously, with a price like that, you would expect something out of the ordinary – and this home is surely extraordinary! It’s just 12 years old, and has sweeping ocean views, a swimming pool, and a guest house, and backs up to a canyon full of redwood trees for plenty of back-yard privacy. It sits on a 2.475 acre parcel (although much of that is the aforementioned canyon), and offers 3,597 square feet of living space with 4+ bedrooms, 3 bathrooms, and outdoor fireplace.

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7429 Mesa Drive Photo Gallery

See also: September 2014 Aptos Real Estate Report

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Be forewarned: the house does have some issues – hey, it’s a foreclosure! There’s mold in that thar house, from some kind of leak evidently. The carpets are shot, and it’s in need of a host of other minor repairs and refurbishments (carpet, paint, wood care and carpentry, etc.). There’s no doubt, though: this is a magnificent and unique home which somebody is going to be very thrilled to own.

While the MLS lists the price at $1.325 million, the auction site lists a starting bid of $989,000. As this is an auction, there is a 4.5% “buyer’s premium” on top of the winning auction price that the buyer must pay. This auction will allow the use of conventional financing – which is good news for many buyers who don’t happen to have a million in cash lying around.

Courtesy of W David Osborne, Real Home Srvcs & Solutions

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