Friday, May 16, 2008

"4 STORY CORNER LOFT W/ PRIVATE ELEVATOR" I wonder how much elevator repairs cost?





3258 Ne 15Th St. Unit: 3258 Pompano Beach, FL 33062 MLS ID# F844215

● 3 Bed, 3.5 Bath
● 2,292 Sq. Ft
● Year Built: 2005
On the MLS at $625,000
Purchased on 9/7/2005 $735,000
● For a loss of $110000 or about 14.9%

And look at that stair case! How are you supposed to get furniture into and out of this place? Notice how there are no pictures of THE ELEVATOR?

Thursday, May 15, 2008

This post brought to you by commenter- big john: Here is a classic, this house is in Ibis Golf and Country Club off Northlake BLVD



9012 Sand Pine Lane West Palm Beach, FL 33412 MLS ID# R2890557

● 3 Bed, 2 Bath
● 2,420 Sq. Ft.
● Year Built: 2003
On the MLS at $225,000
Purchased on Dec-2006 $370,000
● For a loss of $145,000 or about 39.1%

Banker losing money on over priced townhouse, but its in a good area east of US1



2461 NE 14Th St Unit: 2461 Pompano Beach, FL 33062 MLS ID# F907946

● Property Owner HSBC MORTGAGE SERVICES INC
● 3 Bed, 3.5 Bath
● 1,832 Sq. Ft
● Year Built: 2000
On the MLS at $294,900
Purchased on 7/11/2006 $405,000
● For a loss of $110,100 or about 27.1%

Sales history:
7/11/2006 $405,000
7/30/2001 $229,900

Sunday, May 11, 2008

Zero $'s exempt, green pool ='s house investment gone wrong? Oh yeah!




3820 NW 78Th Ln Coral Springs, FL 33065 MLS ID# F923074

● 3 Bed, 2 Bath
● 1,681 Sq. Ft.
● Year Built: 1975
On the MLS at $198,000
Purchased on 8/30/2006 $390,000
● For a loss of $192000 or about 49.2%

Time to play lying or stupid?



3505 NW 82Nd Av Coral Springs, FL 33065 MLS ID# F927385

New this week!
● Property Owner MONTERROSA,EDGAR
● Mailing Address 3505 NW 82 AVE CORAL SPRINGS FL 33065-4537
● 4 Bed, 2 Bath
● 2,258 Sq. Ft
● 0.28 Acres
● Year Built: 1970
On the MLS at $199,500
Purchased on 1/21/2005 $340,000
● For a loss of $140,500 or about 41.3%

From the realtors comments on the mls posting:

-Bank Owned property located in a residential community of tree-lined streets.Lots of upside to this home.All offers to be faxed to the L.A. including buyer pre-qual or proof of funds.


Um, it isn't bank owned as far as Broward county has to say.

Corprate owned in Coral Springs, this isn't the house your looking for, move along.




2542 NW 82Nd Te Coral Springs, FL 33065 MLS ID# F926932

New this week!
● Property Owner FEDERAL NATIONAL MORTGAGE ASSN C/O CITIMORTGAGE INC
● 3 Bed, 2 Bath
● 1,622 Sq. Ft.
● Year Built: 1972
On the MLS at $204,900
Purchased on 6/20/2006 $340,000
● For a loss of $135,100 or about 39.7%

Sunday, May 4, 2008

New update on protected house comp down $40k, now is a terrible time to buy STILL





1041 SW 17TH St Boca Raton, FL 33486 MLS ID# R2760581

● 4 Bed, 3 Bath
● 3,276 Sq. Ft.
● Year Built: 1981
● Was on the mls back in February at $429,00
On the MLS at $399,000
Purchased on Jan-2006 $639,300
● For a loss of $240,300 or about 37.5%



783 CAMINO LAKES Cir Boca Raton, FL 33486 MLS ID# R2800922

● 4 Bed, 2.5 Bath
● 3,330 Sq. Ft.
● Year Built: 1978
On the MLS at $549,000

Protected we were told by a realtor who told us in no uncertain terms during an open house that it would definetly sell for the high 500's. OH OH!

But credit on stuborness seller

Saturday, May 3, 2008

You paid over half a million for a home with a pool on a through intersection?! You know you are going to find a car in that pool someday.



5062 NW 57Th Wy Coral Springs, FL 33067 MLS ID# F778411

● 4 Bed, 3 Bath
● 3,214 Sq. Ft.
● Year Built: 1999
On the MLS at $425,000
Purchased on 8/25/2005 $636,000
● For a loss of $211,000 or about 33.1%

Parkland is better then Boca, that's what some used home sales women told us so this bubble house must be better




6040 NW 68Th St Parkland, FL 33067 MLS ID# F925181

New this week!
● 4 Bed, 3.5 Bath
● 2,862 Sq. Ft.
● 0.25 Acres
● Year Built: 1989
On the MLS at $459,000
Purchased on 4/12/2005 $600,000
● For a loss of $141,000 or about 23.5%

Friday, May 2, 2008

How exciting a condo was sold that I blogged about! What are the chances this will be a wise purchase? Stop laughing.

Revisit to the Down Town Downers Melt Down Town aka The Waverly

110 N Federal Hy Unit: 821 Fort Lauderdale, FL 33301 MLS ID# F869838

● 2 Bed, 2 Bath
● Was on the MLS at $339,000 back in Feburary and it finaly...
Sold on 4/1/2008 $305,000
● For a loss of $98,000

It's boarded up, bank owned and the "water view" is a ditch AND it's still over priced




511 SW 83Rd Av North Lauderdale, FL 33068 MLS ID# F925620

New this week
● Property Owner CREDIT BASED ASSET SERVICING & SECURITIZATION LLC
● 3 Bed, 2 Bath
● Year Built: 1974
On the MLS at $149,900
Purchased on 3/16/2006 $265,000
● For a loss of $115,100 or about 43.4%

Big houses, little houses makes no difference the tune remains the same, I'll go with dirge



6111 Southwest 16Th Ct North Lauderdale, FL 33068 MLS ID# H845735

New this week
● 3 Bed, 2 Bath
●1,109 Sq. Ft.
● Year Built: 1962
On the MLS at $149,000
Purchased on 8/24/2005 $230,000
● For a loss of $81,000 or about 35.2%

Sales History:

08/24/2005 $230,000
12/11/2003 $145,000
06/24/2003 $103,000
12/30/1997 $74,000