Foreclosure On Wakeena Drive Is Finally Pending

There are two types of foreclosures in Coconut Grove.  The first kind has an agent which prices the property way below market value and has realtors lining up to get their clients in.  This kind usually ends up in a bidding war.  The second type of foreclosure has an agent who either doesn’t know the market or wants to do right by the bank and prices it above market value, in which case it sits on the market and goes through several price reductions.   Since all foreclosures are not priced to sell, buyers really need the help of a local agent to differentiate the good deals from the bad ones. 

Wakeena Drive, Coconut Grove Foreclosure

The house located at 1817 Wakeena Drive falls into the latter category.   The house sat on the market for over 5 months and had 4 price reductions – it finally went under contract this week. 

Details of 1817 Wakeena Drive:

  • List Price: $240,000
  • 1,635 square feet of living space
  • 5,500 square foot lot
  • 3 bedrooms, 2 baths (2 bedrooms, 1 bath per tax rolls)

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If you are interested in buying or selling real estate in Coconut Grove, please give me a call at 305.342.1623 or send me a note here.