It's simply amazing to me that someone actually paid $195,000 for a studio apartment at one point. Are their still fools around that will pay over $100,000 now that the market crashed?
1100 11 ST # 207, Miami Beach, FL 33139
- 1 Bath Studio
- Bought in June 2006 for $195,000
- On the MLS for $109,900
- Days on the MLS: 56 Days
- Loss before the Realtor® commission: $85,100
- Loss after the Realtor® commission: $91,694
Stumble It!
2 comments:
Yes, there probably are people willing to pay that, because they'll see the previous price and mistakenly think they got a great deal.
I'd like to retire in a condo near the beach one of these days, but the HOA fees are huge. Even if I was able to pay cash for this place, I still have $200/mo in taxes, and $500/mo (guessing) in HOA fees. So no mortgage, and $700/mo payments!! It's crazy, and I couldn't do it.
I can get you a condo on Lake Wobegon :-)
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