Several short sale closings interested me this past week.
Canal home in the Cocoa Beach Country Club has been on the market since 2008 with a list price of $699,000 just closed for $375,000. Nothing more frustrating for a agent is to lose the listing only to see a reduced price with someone else.
A home in north Merritt Island recently closed for $325,000 with a list price of $325,000. This home features 3300 sq ft, pool and sits on 1 1/2 acre. On the market for a year with an original price of $529,900.
A home in Island Crossings in Merritt Island recently closed for $125,500 with a list price of $124,500. This home was puchased in 2005 for $280,000 or a 55% depreciation.
Two new listings to watch
A home on the Indian River that was built in 1925 and totally renovated is on the market for $750,000. This home has been on the market since 2005 with an original price of $1,600,000. Home features 4000 sq ft on a 1/2 acre, large dock with deep water.
A home on Tortoise Island with 4604 sq ft, pool and .39 acre on the Banana River is on the market for $1,190,000. This home was purchased in 2006 for $1,050,000. Tortoise Island is a great area to live.
Thanks and stay tuned
Jim & Ada Bagwell
0 comments:
Post a Comment