Thursday, March 6, 2008

Bubble victims seek suckers, But as the saying goes I may have been born at night, just not last night.



3160 NW 106Th Av Coral Springs, FL 33065 MLS ID# F903551

● 5 Bed, 2.5 Bath
● 3,004 Sq. Ft.
● Year Built: 1971
On the MLS at $424,999
Purchased on 7/28/2005 $575,000
● For a loss of $150,001 or about 26%

Histroy:
7/28/2005 $575,000
04/8/2004 $322,500
10/2/2003 $217,000

Question what has made this house $207,999 more valuable then in was in 2003? Did you say BUBBLE, I bet you did. Well this is post bubble world and this seller doesn't get it, yet.



12333 NW 26Th St Coral Springs, FL 33065 MLS ID# M1200702

● 5 Bed, 3 Bath
● 3,117 Sq. Ft.
● 0.14 Acres
● Year Built: 2002
On the MLS at $400,000
Purchased on 7/6/2007 $620,000
● For a loss of $220,000 or about 35.4%

Histroy:
7/06/2007 $620,000
2/25/2005 $445,000
3/27/2002 $250,300



7211 NW 44Th St Coral Springs, FL 33065 MLS ID# F910918

●Property Owner DEUTSCHE BANK NATIONAL TRUST % MAILSTOP HS 01 04
● 4 Bed, 2 Bath
● 2,846 Sq. Ft.
● 0.2 Acres
● Year Built: 1984,
On the MLS at $305,000
Purchased on 5/18/2006 $450,000
● For a loss of $145,000 or about 32.2%

There isn't a lot of love for this house's pool, that's one green mess!



4080 NW 114th Av Coral Springs, FL 33065 MLS ID# R2832962

● 4 Bed, 2 Bath
● 2,160 Sq. Ft.
● Year Built: 1989
On the MLS at $279,000
Purchased on 4/27/2005 $380,000
● For a loss of $101,000 or about 26.5%

History:
4/27/2005 $380,000
3/23/2000 $120,000
4/28/1998 $159,000



3160 Estates Dr Pompano Beach, FL 33069 MLS ID# F869182

● Property Owner RESIDENTIAL FUNDING CO LLC
● 3 Bed, 2.5 Bath
● 3,006 Sq. Ft
● 0.36 Acres
● Year Built: 1977
On the MLS at $364,900
Purchased on 10/5/2005 $640,000
● For a loss of $275,100 or about 42.9%

1 comment:

Anonymous said...

This house was reduced to $344,900 and finally went under contract. I was very interested in the house. but with over $100k in repairs needed, felt it was only worth about $200k. It is completely gutted, no kitchen, the pool is covered in a mesh frame and the sunken bathtub is on the back patio. It's a beautiful house, though, and on a nice huge lot that you rarely find so far east.