When I called J.P.King – an organization which ran the Condo Auction, I was told that only 18 Units out of 58 had been sold. 16 of them due to the Developer’s commitment and only 2 more after that. The price ranged from $72,500 to $120,000, but Buyers had to pay extra 10%. In the adjusted numbers it become: $79,750 – $132,000.

Due to the outcome of the Auction, Developer is selling 10 Condos post-auction at $89,900+10% or $98,999 total.

Tucson MLS has it now as Listing #20909843:
7255 E SNYDER Rd, Tucson, AZ 85750 Active (03/05/09)
Beds: 3 Baths: 2
Sq Ft: 1209 Lot Sz: 7500sqft
Area: North Tucson
Year Built: 1995
Price/SqFt: 81.89
ONLY 10 UNITS AVAILABLE AT LOW POST-AUCTION PRICING OF $98,999/UNIT. THE AUCTION HELD ON APRIL 28 SAW VALUES AS HIGH AS $132,000/UNIT. Features: 2 & 3 bedroom floorplans * Quality, affordable living * Many units leased offering income potential * Excellent permanent residence, vacation home or rental investment opportunity! DEVELOPER WILL ONLY SELL 10 MORE UNITS. BUYER CAN PICK FROM REMAINING INVENTORY.
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The terms of sale include: 10% non-refundable down payment, 30 days closing time, Sold AS-IS and no financing available (except for private financing, if you can arrange one). The reason for no financing – the development doesn’t meet the guidelines of Fannie Mae and Freddie Mac.

If you are interested in buying a Luxury Condo in Tucson and have cash for a low price tag of “Villas at Sabino Canyon” or interested in Tucson Foreclosures / Short Sales you can finance – give me a call at (520) 370-0700 Anjelina. I am licensed in Arizona Real Estate agent and I specialize in the Catalina Foothills area.

Meanwhile, Tucson Multiple Listing Service is implementing some changes. On Monday, May 5th Tucson MLS will add “Cumulative Days on Market” in a new field showing DOM/CDOM. This will help agents to see total number of days the property has been listed without a 30 days break (regardless of any change of agent or brokerage). This information, however, will not be available on the public MLS site.

Long Realty agent’s tour:

MLS #:20816312: 5436 N Highpoint Ct, Tucson, AZ 85718. Promontory. $595,000.
MLS #:20811320: 4699 N Placita Ventana Del Rio, Tucson, AZ 85750. Ventana Del Rio. $649,900.
MLS #:20816130: 7365 E Autumn Dusk Pl, Tucson, AZ 85750. Ventana Reserve. $1,049,000.
MLS #:20813276: 7317 E Calle Alba Serena, Tucson, AZ 85750. Ventana Serena. $469,000.
MLS #:20815337: 5540 E Silver Mine Pl, Tucson, AZ 85750. Silverton. $749,000.
MLS #:20816763: 3614 E Kingler Spring Pl, Tucson, AZ 85718. Foothills Clusters. $499,000. Active contingent as of 05/08/08.
MLS #:20814755: 5651 N Paseo Niguel, Tucson, AZ 85718. Shadow Hills. $449,000.
MLS #:20814750: 5200 N Via Condesa, Tucson, AZ 85718. Catalina Foothills Estates. $749,000.