Foreclosure In Coconut Grove Sells Almost $200,000 Higher Than List Price
December 3rd, 2009 categories: Coconut Grove Real Estate
The foreclosure I wrote about here in South Coconut Grove closed yesterday for almost $200,000 higher than the asking price.
The bank had it listed at $434,900 and the buyers bid up the price to $604,900 ($238.00 psf). I heard there were more than 10 offers on the property the day it came on the market.
Interesting that the price was bid up to almost the list price before it was in foreclosure which was $649,000. Just goes to show you that the word “foreclosure” in Coconut Grove can generate such demand that it can push up the price close to true market value.
Details of 3520 St. Gaudens include:
- 2 Bedroom, 3 Baths
- 2,535 Square Feet of Living Space
- 10,740 Square Foot Lot
- 2 Car Garage
