Fort Lauderdale Real Estate Deal Of The Week!
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Fort Lauderdale Real Estate Deal Of The Week!
I was going to ask the Sham Wow guy to pitch this week’s DOW. I mean this property has everything everyone is looking for. It slices, it dices, it sops up stains…well you know what I mean.
This property is 5 minutes from the beach, is located in a gated community, minutes from Las Olas and the Galleria (that means serious shopping, nightlife and restaurants), is a basically new construction, and is offered way below what we believe is true market value.
What kind of a deal is this? Well this home previously sold for $695,000.00 on November 9, 2007. The poor owner who bought this got caught when the music stopped and got a ticket on the foreclosure train. Now it’s being offered at $160,000.00. So you can imagin what this property looks like.
Life in Villa Medici, the name of the complex of tri-level townhomes that this unit is located in, s like living in a European villa. As you make your way to through the gated complex to the very private tri-level townhome you will see that the builder intended these units to be Fort Lauderdale Beach area homes for the affluent buyer.
No one would have ever dreamed that this luxury townhome development wherein units sold at prices close to three quarters of a million dollars would be available for the unheard of price that they are selling for now.
Anyone who knows anything about real estate will agree that a property such as tis will begin quite the valuation climb once the market turns around and by buying at this price you pretty much assure that your on board for some serious appreciation in the next few years.
This property is offered at a substantially discounted price of $160,000.00Â
| Price | $160,000.00 | Bedrooms: | 3 |
| Address: | 1033 NE 17TH WY | Bathrooms: | 3 |
| City: | Fort Lauderdale | Sq. Ft.: | 1,900.00 |
| State: | Florida | Annual Taxes: | $2,600.00 |
| Zip Code: | 33309 | Year Built: | 2006 |
| County: | Broward | HOA Fees: | $350 |
| Property Type: | Tri-Level Townhouse | Market Rent: | $1,800.00 - $2,200.00 |
This property needs a coat of paint, new carpeting, and applainces and you’re in a new home!
In addition to being hundreds of thousands of dollars below the previous sale price, this property is currently offered at a price even 20-25% below the most recent comparable sales
Take a look at this property and if you are interested, you may want to move quickly…I am SURE this will move by the end of the day..definitely by tomorrow.
As always, we have Barry Johnson from Real Estate Radio USA with us to give us his take on this property. Real Estate Radio USA is arguably the top rated real estate talk radio show so I think he knows a thing or two about what is a deal and what isn’t.
Hi Robin, and thanks for having me. I’ll make this one real short and to the point. 5 minutes from the beach, gated commuity, 3 bedroom 3 bath trilevel home, built in 2006…for $160,000.00….game over. This is an absolute deal and one that a serious buyer would recognize.Â
Here is my recommendation:
I would recommend an opening offer of $150,000.00 with 3% Seller concessions given to the Buyer for closing costs and any improvements that may be needed. This would result in a purchase price nearly 30% below market value.
In this market these are the kinds of deals that we and our listeners salivate over. I think you have another winner here.
Definitely a “BUY”!
- Barry Johnson
Real Estate Radio USA
Well, you’ve heard what one area expert has to say about this home and what he thinks of the deal, if you’d like to know what I, as a real estate agent in the Fort Lauderdale real estate market thinks about this deal and my overall purchase strategy recommendation then please email me and I will send you information on what I would advise my clients to do regarding the viability of this deal.
There is no fee or cost associated with obtaining my recommendation. Or if you like what you see and would like to commence talks about buying this home, then click the red button below and let’s get things started!
If you have any questions about this property or any other property for sale in the metropolitan Fort Lauderdale area, please feel free to email me or give me a call at 954-709-7461.
MLS Listing F997152 information provided courtesy of Janus Realty Group, Inc
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