New Mammoth REO Juniper Springs Lodge #336

Bank owned properties are fewer and fewer in the Mammoth market but here is a good one. This one wasn’t foreclosed on but the bank got it back from the previous owner by way of a deed-in-lieu of foreclosure. The benefit here is that the previous owner had to leave the property in good condition and left all of the furniture. The property is ready to use and/or go onto the rental program. It is an undersized 1 bedroom / 1 bath unit because it is located on the inside “knuckle” of the building. But the JSL front desk says they have been renting it as a Studio and it has a very good rental record. It overlooks the horseshoe area of JSL and has a view up to the Mammoth Crest and the Dragon’s Back of Mammoth Mountain. It also is located on the west wing of the JSL building so it has great access to the back door for easy ski access. Good property all all around and priced only $229,000.

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