I was recently researching some bank-owned properties in Tampa for a client and figured I pass on some of what I found. When a bank can’t move a property at auction, they take ownership of the property through foreclosure. The bank will then usually have the property listed for sale on our MLS database.
These properties are most often tagged as bank-owned in the Realtor Info field in the database.
So I downloaded all of the bank-owned properties in Tampa to a spreadsheet to easily sort and analyze the data. Here is some of what I found:
- There are 264 properties identified as bank-owned on our MLS (currently).
- 216 of them are single family homes.
- 26 of them are condos in Tampa.
- 17 are bank-owned townhomes in Tampa.
- Median list price is $129,900
- 4 of them are homes priced at $500k minimum.
- Some are waterfront.
- Zip code 33604 has the most bank-owned properties.
- Within 33604, the biggest concentration of bank-owned properties is in Sulphur Springs.
- The largest is a bank-owned home in Waterchase of 4086sqft., with 5 beds, 3.5 baths.
Data used is from the Mid-Florida Regional MLS for city = Tampa. All brokers/agents included.
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