This property exemplifies the housing bubble. Nearly every unit in this complex is either in foreclosure or is already bank owned. Amazingly, someone actually paid $140,000 for this studio apartment. Now the lender is trying to sell if for half its price 2006 purchase price. I wonder how the HOA in building is doing trying to collect monthly fees.
2005 SAN SOUCI BL # 104, North Miami, FL 33181
- 0 bedroom, 1 bath Condo
- Bought in April 2006 for $140,000
- On the MLS for $69,900
- Days on the MLS: 10 Days
- Loss before the Realtor® commission: $70,100
- Loss after the Realtor® commission: $74,294
Stumble It!
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