$259,000 home on Kumquat…gone in seconds
July 10th, 2008 | categories: Coconut Grove Real Estate, What Is Selling In Coconut Grove Real Estate?
Foreclosure Sale | 7,000 square foot lot | 4 Bedroom, 2 Bath House | 3970 Kumquat Avenue | Listed at $259,000
I got a call yesterday afternoon from the listing agent for this house at 3970 Kumquat Avenue in South Coconut Grove. It was a “heads up” call to let me know that he had just (minutes ago) put this house on the market in Coconut Grove, it was a foreclosure sale, and if I had any clients interested that they should make their offer FAST.
Boy was he right. I took a client over there last night to view the property and we were ready to draw up the offer first thing this morning. I called the listing agent and he told me that there was more than several all cash offers already in place. It was too late for my client.
The land alone on this property is worth well over $300,000. This is a steal.
You have to be fast in this market, and I learned my lesson. We should have put in the offer last night.