Dan's Blog

Hey Everyone.

Sorry it has been too long since my last post.  Things have been busy here and mostly in a good way.  I am seeing steady activity on our listings but most definitely the activity favors the foreclosed or distressed properties.

For example, as I have told a few of you that I have spoken to recently, I listed a bank-owned 3/2 condo in Palencia for $67K.  It was under Contract in 72 Hours and closed in a couple of weeks for $60K.  That unit would rent for about $1000/month and had originally sold for over $200K.  Crazy, huh?  The biggest drops still are seen in condos and vacant land.

Here are a few really good deals out there today.  Give a call or send an email if anything looks interesting or if you wantme to keep an eye out for something.

Dan

1.    $379,900.  Captain's Quraters Condo.  Bank Owned 2/2 Oceanfront Condo.  3rd (top) floor unit with covered parking, pool and tennis. 

2    $279,000.  Vacant ICW Front Lot on the Island. This Bank Owned lot was just reduced from $340K and was purchased in 2005 for $525,000.  Its located in a small deed-restricted neighborhood just South of Anastasia Catholic Church.

3.    $245,000  At over 1800SF this 3/2/2 Bnk-Owned house in Sea Grove is a great deal.  It does back up to A1A but comparatively speaking its a great price and its in very good shape.

4.    $79,900.  This is great deal.  Its a modular home located in a subdivision North of Downtown.  Its a 3/2 and could become a 4/2.  Fenced yard, no garage and in pretty good shape.  May need some carpet and an appliance or two but it's nearly renter-ready.  It was reduced this week from $89,900.