Monday, March 31, 2008

Lighthouse Point short sale not selling shortly



1960 30TH CT Lighthouse Point, FL 33064 MLS ID# H842347

● 4 Bed, 2 Bath
● 2,473 Sq. Ft.
● Year Built: 1969
On the MLS at $449,999
Purchased on 3/27/2007 $675,000
● For a loss of $225,001 or about 33.3%

Bonus sales History!

03/27/2007 $675,000
10/24/2000 $242,500
09/29/1998 $205,000
08/01/1970 $42,500

Another house underwater and still way, way over priced this one is going to the bank baby and you can bank on that.

Thursday, March 27, 2008

Short sale or foreclosure is there any question? Short anwer NO, long answer Hell NO!




2421 NE 65Th St Unit: 2-414 Fort Lauderdale, FL 33308 MLS ID# F894505

● 3 Bed, 2 Bath
● 1,557 Sq. Ft.
● Year Built: 2006
On the MLS at $264,000
Purchased on 12/14/2006 $384,900
● For a loss of $120,900 or about 31.4%

The TIDES AT BRIDGESIDE SQUARE CONDO revisited



3020 NE 32Nd Av Unit: 620 Fort Lauderdale, FL 33308 MLS ID# M1215062

● Property Owner GMAC MORTGAGE LLC
● 2 Bed, 2 Bath
● 1,200 Sq. Ft.
● Year Built: 2001
On the MLS at $315,000
Purchased on 12/30/2005 $565,000
● For a loss of $250,000 or about 44.2%

And click this link to see more of these units in an older post.

Living on the straight and narrow on the way down




2012 Coral Heights Ct Unit: 105 Fort Lauderdale, FL 33308 MLS ID# F857363

● 3 Bed, 3.5 Bath
● 1,906 Sq. Ft.
● Year Built: 2006
On the MLS at $359,000
Purchased on 10/27/2006 $460,000
● For a loss of $101,000 or about 21.9%

Thursday, March 20, 2008

And time to play sinking fast, but still over priced



12000 NW 33Rd St Sunrise, FL 33323 MLS ID# D1259123

● 2 Bed, 2 Bath
● 1,387 Sq. Ft.
● Year Built: 1982,
On the MLS at $199,500
Purchased on 9/15/2006 $350,000
● For a loss of $150,500 or about 43%

New this week!






12300 NW 21St Ct Plantation, FL 33323 MLS ID# F915125

● 3 Bed, 2.5 Bath
● 2,485 Sq. Ft.
● Year Built: 1988,
On the MLS at $575,000
Purchased on 1/11/2006 $725,000
● For a loss of $150,000 or about 20.6%

Udate: Bank losing money nothing to see here move along part the second


1601 NW 115Th Te Plantation, FL 33323 MLS ID# F887277

● Property Owner CITIBANK % EMC MORTGAGE CORPORATION
● 5 Bed, 4 Bath
● 4,570 Sq. Ft.
● Year Built: 1990
● Was on the MLS at $724,900
Now On the MLS at $670,500
Purchased on 5/11/2006 $1,300,000
● Former loss of $575,100 or about 44.2%
● Current losst of 629,500 or about 48.4%

So one month later "the market" has fallen over four percent! Assume six months and you can write off another 25% of this house's value, that's over a $150k. And 12 months, well let's just say buying now at any price is such a bad, bad gamble.

link back to previous post

Wednesday, March 19, 2008

Just another bank losing money nothing to see here




2524 NE 37Th St Fort Lauderdale, FL 33308 MLS ID# F914316

● Property Owner DEUTSCHE BANK NAT'L TR CO TRSTEE C/O WILSHIRE FINANCIAL CORP
New this week!
● 3 Bed, 2 Bath
● 2,213 Sq. Ft.
● Year Built: 1960
On the MLS at $509,900
Purchased on 12/22/2006 $715,000
● For a loss of $205,100 or about 28.6%

Million dollar manors marked down




3100 NE 47Th St Fort Lauderdale, FL 33308 MLS ID# F909027

● 4 Bed, 5 Bath
● 4,371 Sq. Ft.
● Year Built: 1979
On the MLS at $975,000
Purchased on 2/19/2003 $1,100,000
● For a loss of $125,000 or about 11.3%



3015 NE 58Th St Fort Lauderdale, FL 33308 MLS ID# F874596

● 3 Bed, 3 Bath
● 2,312 Sq. Ft.
● Year Built: 1967
● PRE-FORECLOSURE/SHORT SALE
On the MLS at $925,000
Purchased on 7/5/2006 $1,215,000
● For a loss of $290,000 or about 23.8



5720 Bayview Dr Fort Lauderdale, FL 33308 MLS ID# F896239

● Property Owner OPTION ONE MORTGAGE CORP
● 3 Bed, 3 Bath
● 2,549 Sq. Ft.
● Year Built: 1968
On the MLS at $749,900
Purchased on 9/29/2005 $1,175,000
● For a loss of $425,100 or about 36.1%



2747 NE 35Th Ct Fort Lauderdale, FL 33308 MLS ID# F874588

● 3 Bed, 2 Bath
● 2,574 Sq. Ft.
● Year Built: 1958
On the MLS at $649,999
Purchased on 12/16/2005 $950,000
● For a loss of $300,001 or about 31.5%

Hey look some successful sales in Imperial Point






5921 NE 22 TER FORT LAUDERDALE FL 33308-2616

● 2 bed 1.5 bath
● 1,335 Sq Ft.
● year built 1963
● NOT On the MLS! But formaly listed as $299.9k reduced from $325K
SOLD!!!!! 2/19/2008 $275,000
● For a GAIN of $158,000 or about 57.4%



170 SE 12 CT POMPANO BEACH FL 33060

● 3 bed 2 bath
● Sq ft: 1,372
● Year built: 1960
● NOT On the MLS SOLD! But formaly listed at $439,000
Purchased on 2/20/2008 $375,500
● For a GAIN of $99,700 or about 36.1%

Tuesday, March 18, 2008

Photo not recent but the listing is!



2731 NE 15Th St Unit: 2731 Fort Lauderdale, FL 33304 MLS ID# F913563

New this week!
● 3 Bed, 3.5 Bath
● 3,623 Sq. Ft.
● Year Built: 2007
On the MLS at $1,250,000
Purchased on 2/26/2007 $1,550,000
● For a loss of $300,000 or about 19.3%

More townhouse fun in Victoria Park!



611 NE 11Th Av Unit: 611 Fort Lauderdale, FL 33304 MLS ID# M1216235

● Property Owner TR CONSULTING INC
● 3 Bed, 2 Bath
● Year Built: 2005
On the MLS at $379,999
Purchased on 11/1/2005 $665,000
● For a loss of $285,001 or about 42.8%



613 NE 11Th Av Unit: 613 Fort Lauderdale, FL 33304 MLS ID# F879482

● 3 Bed, 3.5 Bath
● 2,215 Sq. Ft.
● Year Built: 2005
● "Pre-Foreclosure - Priced to sell."
On the MLS at $388,000
Purchased on 3/25/2005 $620,000
● For a loss of $232,000 or about 37.4%

REO Townhome in the park in Victoria park



732 NE 7Th Av Unit: 732 Fort Lauderdale, FL 33304 MLS ID# F908296

● Property Owner M & T BANK
● 4 Bed, 3.5 Bath
● 2,429 Sq. Ft.
● Year Built: 2005
On the MLS at $446,500
Purchased on 11/22/2006 $655,000
● For a loss of $208,500 or about 31.8%

Monday, March 17, 2008

Subdivision: Rio Vista, Expensive! But still living in a sinking market.



1009 SE 7Th St Fort Lauderdale, FL 33301 MLS ID# M1215461

● 3 Bed, 3 Bath
● 1,596 Sq. Ft.
● Year Built: 1950
On the MLS at $474,900
Purchased on 2/9/2005 $585,714
● For a loss of $110,814 or about 18.9%

When bad news gets extra ugly




423 NE 8 Avenue Fort Lauderdale, FL 33301 MLS ID# F828393

● 3 Bed, 1 Bath
● 1,244 Sq. Ft.
● Year Built: 1946
On the MLS at $399,000
Purchased on 12/16/2004 $442,000
● For a loss of $43,000 or about 9.7%


Now as these things go this hardly seems worth blogging about, but this one has some personal import. Because back in October of last year my wife and I had gone open housing in the area and picked up the "take one flyer" which even back then was priced below the purchase price of $439,000 and as of today 169 days on the market since that flyer was printed up.

And to add to all this I'm hearing anecdotal stories that real estate agents are only accepting listings if you agree to list it with them for at least one full year!

But wait there's more!

Property Assessment Values 2007: $522,290 tax bill:$10,448.18! Yes, the tax man is valuing this place over a 122k higher then the current asking price (or sitting price in this case)! Talk about injustice.

Thursday, March 13, 2008

Nice place to foreclose on.



7542 NW 23Rd St Pembroke Pines, FL 33024 MLS ID# D1242194

● 4 Bed, 3 Bath
● 2,486 Sq. Ft.
● 0.29 Acres
On the MLS at $400,000
Purchased on 7/1/2006 $562,000
● For a loss of $162,000 or about 28.8%

Really? 305k for this house! And now it's bank owned, I'm shocked, simply SHOCKED!!! $310 per square foot is only reasonable!!!!!! !!! ! !



8130 NW 16Th St Pembroke Pines, FL 33024 MLS ID# F911226

● Property Owner LIQUIDATION PROPERTIES INC % CITI RESIDENTIAL LENDING INC
● 2 Bed, 1 Bath
● 981 Sq. Ft.
● Year Built: 1972
On the MLS at $139,900
Purchased on 2/15/2007 $305,000
● For a loss of $165,100 or about 54.1%

Tuesday, March 11, 2008

$45,100 cheaper then next priced home in this zip code!



12471 SW 45Th Dr Miramar, FL 33332 MLS ID# D1257703

● 4 Bed, 2.5 Bath
● 2,161 Sq. Ft.
● 0.12 Acres
On the MLS at $299,900
Purchased on 12/11/2006 $470,000
● For a loss of 170,100 or about 36.1%



19353 SW 60Th Ct Pembroke Pines, FL 33332 MLS ID# M1205092

● 3 Bed, 2 Bath
● 2,290 Sq. Ft
● 0.13 Acres
● Year Built: 2003,
On the MLS at $345,000
Purchased on 8/3/2005 $430,000
● For a loss of $85,000 or about 19.7%



19364 SW 60Th Ct Pembroke Pines, FL 33332 MLS ID# M1197867

● Property Owner PLEDGED PROPERTY II LLC % LITTON LOAN SERVICING LP
● 4 Bed, 2 Bath
● 2,486 Sq. Ft.
● 0.13 Acres
● Year Built: 2003,
On the MLS at $369,900
Purchased on 10/8/2005 $525,000
● For a loss of $155,100 or about 29.5%



19345 SW 66Th St Pembroke Pines, FL 33332 MLS ID# F911719

New this week!
● 3 Bed, 2 Bath
● 2,074 Sq. Ft.
● 0.16 Acres
● Year Built: 2001
On the MLS at $359,000
Purchased on 1/19/2006 $440,000
● For a loss of $81,000 or about 18.4%



19452 SW 68Th St Pembroke Pines, FL 33332 MLS ID# F891421

● Property Owner DEUTSCHE BANK NAT'L TRUST CO TRS MAIL STOP HS 01-04
● 4 Bed, 3 Bath
● 2,486 Sq. Ft.
● 0.13 Acres
● Year Built: 2002
On the MLS at $390,000
Purchased on 3/9/2006 $575,000
● For a loss of $185,000 or about 32.1%



6490 SW 195TH AV FORT LAUDERDALE, FL 33332 MLS ID# H839507

● 5 Bed, 3 Bath
● 2,923 Sq. Ft.
● 0.07 Acres
● Year Built: 2002
On the MLS at $428,000
Purchased on 5/4/2006 $605,000 42123
● For a loss of $177,000 or about 29.2%



19334 S Gardenia Av Weston, FL 33332 MLS ID# M1184692

● 5 Bed, 3 Bath
● 3,377 Sq. Ft.
● 0.18 Acres
● Year Built: 2003
On the MLS at $720,000
Purchased on 1/18/2007 $900,000
● For a loss of $180,000 or about 20%



3933 E HIBISCUS ST WESTON, FL 33332 MLS ID# H842239

● 5 Bed, 3 Bath
● 3,446 Sq. Ft.
● 0.18 Acres
● Year Built: 2006
On the MLS at $620,000
Purchased on 8/10/2005 $753,000
● For a loss of $133,000 17.6%



4282 E SENECA AV WESTON, FL 33332 MLS ID# H840600

● 4 Bed, 3 Bath
● 3,281 Sq. Ft.
● 0.14 Acres
● Year Built: 2004
On the MLS at $559,000
Purchased on 5/13/2005 $655,000
● For a loss of $96,000 or about 14.6%



5630 SW 185Th Wy Southwest Ranches, FL 33332 MLS ID# F906594

● Property Owner BANK OF NEW YORK TRSTEE
● 4 Bed, 2 Bath
● 2,726 Sq. Ft.
● Year Built: 1977
On the MLS at $569,900
Purchased on 10/7/2004 $750,000
● For a loss of $180,100 or about 24%



2617 Oakbrook Ct Weston, FL 33332 MLS ID# F852697

● 4 Bed, 3.5 Bath
● 3,138 Sq. Ft.
● Year Built: 1995
On the MLS at $530,000
Purchased on 8/18/2005 $660,000
● For a loss of $140,000 or about 21.2%



20511 SW 48TH PL SOUTHWEST RANCHES, FL 33332 MLS ID# H841605

● 3 Bed, 2 Bath
● 2,552 Sq. Ft.
● 0.86 Acres
● Year Built: 1981
On the MLS at $530,000
Purchased on 8/21/2007 $815,000
● For a loss of $285,000 or about 34.9%



19344 SW 60Th Ct Pembroke Pines, FL 33332 MLS ID# F889172

● 5 Bed, 4 Bath
● 3,124 Sq. Ft.
● 0.13 Acres
● Year Built: 2004
On the MLS at $499,900
Purchased on 1/8/2007 $710,000
● For a loss of $210,100 or about 29.5%



19453 SW 68Th St Pembroke Pines, FL 33332 MLS ID# M1200394

● 4 Bed, 2.5 Bath
● 2,565 Sq. Ft.
● 0.13 Acres
● Year Built: 2002
On the MLS at $500,000
Purchased on 3/28/2006 $700,000
● For a loss of $200,000 or about 28.5%



19205 Seneca Av Weston, FL 33332 MLS ID# F889275

● Property Owner US BANK NATIONAL ASSN TRSTEE
● 4 Bed, 2.5 Bath
● 2,558 Sq. Ft.
● 0.14 Acres
● Year Built: 2004
On the MLS at $464,900
Purchased on 9/15/2005 $659,000
● For a loss of $194,100 or about 29.4%



4378 E Whitewater Av Weston, FL 33332 MLS ID# F863587

● 4 Bed, 3 Bath
● 3,040 Sq. Ft.
● Year Built: 2004
On the MLS at $487,000
Purchased on 3/31/2005 $634,900
● For a loss of $147,900 or about 23.2%



2854 Oakbrook Dr Weston, FL 33332 MLS ID# F907604

● Property Owner U S BANK NA TRSTEE
● 5 Bed, 3 Bath
● 3,341 Sq. Ft.
● 0.18 Acres
● Year Built: 1995
On the MLS at $489,900
Purchased on 8/16/2005 $725,000
● For a loss of $235,100 or about 32.4%



6490 SW 195TH AV FORT LAUDERDALE, FL 33332 MLS ID# H839507

● 5 Bed, 3 Bath
● 2,923 Sq. Ft
● 0.07 Acres
● Year Built: 2002
On the MLS at $428,000
Purchased on 5/4/2006 $605,000
● For a loss of $177,000 or about 29.2%

Monday, March 10, 2008

A pool, a canal and a quater million in the hole




2141 NE 19TH AV Wilton Manors, FL 33305 MLS ID# R2884827

● 2 Bed, 2 Bath
● 1,812 Sq. Ft.
● Year Built: 1957
On the MLS at $449,900
Purchased on 12/30/2005 $705,000
● For a loss of $255,100 or about 36.1%

Beach combing, let's see what's washed up!




3326 NE 18Th St Fort Lauderdale, FL 33305 MLS ID# F889712

● 4 Bed, 3.5 Bath
● 2,187 Sq. Ft.
● Year Built: 1965
On the MLS at $849,000
Purchased on 9/22/2005 $1,100,000
● For a loss of $251000 or about 22.8%