The End Of The Grove Garden Foreclosure Story
August 17th, 2009 | categories: Coconut Grove Condos
The foreclosure unit at Grove Garden which got so much interest last month (see post here, and here) closed on Friday for a price of $320,000. If you recall, my client’s offer was $327,000. The backup offer and the offer that they finally accepted was $330,000. As it turned out there was a government lien on the property that brought the final sale price down to $320,000.
I still feel at this price the unit was a great deal, however the buyer took on a bit of risk as the building faces many foreclosures in its future.
The unit was listed at $332,000. It was a 2 bedroom, 2.5 bath unit with 1,580 square feet of living space.
Hey! Nice job here! I’ll be dropping by from time to time