Blogged about back in June '08...
1515 Middle River Dr Fort Lauderdale, FL 33304 MLS ID# F867232
● 5 Bed, 5 Bath
● 3,250 Sq. Ft.
● 0.41 Acres
● On the MLS at $999,000
● Purchased on 5/6/2005 $1,268,000
● For a loss of $269,000 or about 21.2%
Today...
● On the MLS at $800,000
● For a loss of $468,000 or about 36.9%
This place loses about 28k per month since first blogged, given this why should anyone be willing to lend you money to buy even with 20% down with a loss rate like this even to someone with good credit can become incapacitated or die leaving the lender with a house worth less then the loan. So only people who happen to have $800k cold buy this house. Who has that kind of money and wants to buy into a falling market? Given how long this house has gone unsold I'd have to guess no one.
Oh and for some reason they changed the MLS# to F975518
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