Dan's Blog

Hello everyone.  I hope this finds you all well. 

The local real estate market continues to move in the right direction despite some ups and downs.  Bottom line is that we are doing more transactions than we were a year ago.  Foreclosures and short sales continue to lead the pack and investors are becoming more numerous as more and more properties are "making sense" from an investment perspective.

Here are a few that I think you shoud know about.

1.    4612 3rd. Ave.  $79,900.  Bank Owned 3/2 1560 SF    It hink I had this one in my last update.  I am surprised it is still around.  The house is in good shape, has a fully fenced yard and with a couple of appliances it is renter-ready.  I would think you could easily rent it for $900/month.

2.    130 Calle el Jardin #203 (Palencia Condo)  $54,000.  This 2/2 second floor unit is a short sale.  The down side is that you may have to wait to close BUT the upside is that it is owner-occupied and the current owner would like to rent back for up to a year.  Built in renters are a good thing!

3.    1486 N. Loop Parkway (Palencia)  $89,000.  This Bank owned lot happens to be my listing.  It measures approx 1/2 acre and is across the street from a 4000SF+ home losted for sale at $1MM.  We rarely see deals where the land cost is such a small percentage of a total package.

4.    4250 A1A S. B15.  $99,000.  This one bedroom unit in Ocean Village Club gets you East of A1A in a resort community with 2 pools (one heated), tennis, beach access and the ability to rent short term, long term or not at all.  Not bank owned or a short sale.