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

3 comments:

Anonymous said...

17404 SW 47th CT, Miramar 33029

http://www.realtor.com/search/searchresults.aspx?mlslid=M1230920

On the MLS for $450,000 purchased for $699,900 in 2/2007. Taxes of
12,000 for 2007 still not paid.

This seems impossible to have $250,000 in 15 months. It is like the value evaporated into thin air. Something with this is very strange. Maybe the MLS price is a missprint. Any thoughts.

Anonymous said...

here is the property link

http://www.bcpa.net/RecInfo.asp?URL_Folio=514031020510

TheSixteenthHour said...

250k yawn. the loss is 35.7% I have blogged dozzens and dozzens of houses with a one third loss pluss or minus. the bubble has burst and that is that.