650 WEST AV Unit: 1002, MIAMI BEACH, FL 33139
- 2 Bed, 2 Bath Condo
- Bought in November 2005 for $615,000
- On the MLS for $545,000
- Days on the MLS: 385 Days
- Loss before the Realtor® commission: $70,000
- Loss after the Realtor® commission: $102,700
Friday, September 28, 2007
Today's F@cked Buyer (Miami Beach)
Thanks to "ShortingSouthBeach" for providing today's F@cked Buyer. While this property has languished on the MLS for over a year, the owner has been paying an amazing $960 per month in HOA fees.
650 WEST AV Unit: 1002, MIAMI BEACH, FL 33139
650 WEST AV Unit: 1002, MIAMI BEACH, FL 33139
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6 comments:
$11,520 per year for HOA on a 2-bedroom condo?
My first house cost me $135,000. It was a 3/2 SFH on a quarter acre and my PITI was less than what this joker has been paying monthly for his HOA alone.
What do you get for $960?
According to the listing agent, the HOA fees gets you: CABLE, COMMON AREAS, HOT WATER, INSURANCE, GARBAGE AND TRASH REMOVAL
You'd still have to pay for your contents insurance.
385 days! Don't you think he'd have a clue that their two bedroom condo isn't worth half a million by now?
How come you never put my Fu*ked Buyers in?
2479 SAN PIETRO CIR
Palm Beach Gardens
Purchased May 2006 $455,000
http://www.pbcgov.com/papa/aspx/web/detail_info.aspx?p_entity=52434205310026080&geonav=Y&styp=general&owner=&city=-1&zip=&method=address&cidx=-1&sdiv=&sdivnam=&stno=2479&pdir=&st=San%20Pietro&strnm=&sufx=&ptdir=&cty=&rng=&twp=&sct=&blk=&lot=&book=&page=&tangid=&condo=&condoname=&use=&usnam=&sloc=&prd=&pedir=&podir=&famt=&tamt=&fsqft=&tsqft=&srt1=&srt2=&srt3=&stpage=0&adlfilter=
Mortgage $455,000 2/28 ARM Initial Rate Rate 10.4% (can you say Sub-Prime)
http://oris.co.palm-beach.fl.us/or_web1/details.asp?doc_id=15757037&file_num=20060318877
Currently on the market for $349,000
http://palmbeach.expertrealty.com/palm-beach-gardens/condo-details/r2823488-harbour-oaks-2479-san-pietro
Loss at least $106,000 before selling expenses.
Michael
Yes these idiots should be mocked for being stupid and greedy....
Another F&cked Buyer
4851 BONSAI CIR # 109
PALM BEACH GARDENS FL 33418
Purchased March 2006 $436,000
http://www.pbcgov.com/papa/aspx/web/detail_info.aspx?p_entity=52424125150221030&geonav=Y&styp=general&owner=&city=-1&zip=&method=address&cidx=-1&sdiv=&sdivnam=&stno=4851&pdir=&st=BONSAI&strnm=&sufx=&ptdir=&cty=&rng=&twp=&sct=&blk=&lot=&book=&page=&tangid=&condo=&condoname=&use=&usnam=&sloc=&prd=&pedir=&podir=&famt=&tamt=&fsqft=&tsqft=&srt1=&srt2=&srt3=&stpage=0&adlfilter=
Mortgage $405,900 10 year arm 6.75%
http://oris.co.palm-beach.fl.us/or_web1/details.asp?doc_id=15690417&file_num=20060255658
Current asking price
$319,900
http://palmbeach.expertrealty.com/palm-beach-gardens/condo-details/r2850324-legends-4851-bonsai-109
Loan to Value was 94%.
The last person who buys in a Ponzi scam is the one who loses and most of these Donald Trump real estate wannabees were the last ones in.
Greed is not always good.
Miami Foreclosures...Many going for much less than half their appraised value.
http://miamidade.expertrealty.com/miami-dade-county-foreclosures
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