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Tuesday, April 22, 2008
23 Whistling Duck Key West Golf Club - Bank Owned
There are two ways to look at bank foreclosures: (1) dumps that nobody in their right minds would buy or (2) buying opportunities. I think the 3 bedroom 2 bath 1060 sq ft condo at 23 Whistling Duck is located in the Nature Preserve area of the Key West Golf Club Development is a buying opportunity. The property is bank owned so we already know we have a motivated seller. The asking price was just reduced to $364,900 or $344 per sq ft. The property is vacant and easy to show. If potential buyers get pre-qualified through Countrywide Home Loans to purchase this (or another Countrywide owned property) they will receive a free appraisal and credit report if buyer finances through Countywide. I'm not a pitchman for Countrywide. But it is sweetening the deal for would-be buyers.
I'm cheating on this listing because the pics above are of the property when it was listed by the previous owner. He paid $753,000 in July 2005. Fast forward to today and the asking price is around $300,000 lower. The actual sales price will most likely be even lower. CLICK HERE to see more info about the unit and see photos of how it looks today. Don't worry it's not all messed up or trashed. This could be a sweet deal. Other units in the same area are priced much higher. CLICK HERE to see what other similarly sized and located units are priced at in today's market.
If you would like to see this unit up closed and personal please call me,Gary Thomas, 305-766-2642 to schedule a showing. It isn't my listing, but it is my job to help people find good deals.
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23 whistling duck,
blog,
gary thomas,
key west,
key west golf club,
real estate,
realtor
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The information on this site is for discussion purposes only. Under no circumstances does this information constitute a recommendation to buy or sell securities, assets, real estate, or otherwise. Information has not been verified, is not guaranteed, and is subject to change.
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April
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- Casa Marina Short Sales
- A Short Sale that Worked
- 8 Passover Lane Old Town Key West, Fl
- Recognizing a Real Estate Bargain In Key West
- The Fallacy of Short Sales in Key West
- High Anxiety? -- 701 Elizabeth St. Key West
- 23 Whistling Duck Key West Golf Club - Bank Owned
- 823 Johnson Lane
- Key West Real Estate Q & A
- Garden of Eden 120 Angela Street Key West
- Just Listed: 916 Fleming Street Old Town Key West
- 826 Olivia Old Town Key West -- Short Sale
- Million Dollar Short Sales -- Key West
- $3 Million Bathtub
- Mid-Life Crisis -- Short Sales in Key West
- Classic Key West Cottage -- Short Sale
- News We Do Not Need
- Dirty Pool -- Bank Foreclosure
- No Pretense Needed
- 915 Angela Street Old Town Key West
- The Greed Factor
- First Quarter Real Estate Sales in Key West
- BIG Short Sale - 709 Bakers Lane
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