Way back on May 14th I wrote about a new Short Sale that I thought looked interesting. It was a recently remodeled home at 917 United Street in Key West near the Casa Marina area. CLICK HERE to read what I wrote then.
That nifty house just sold (closed). The original asking price was $1,749,000 or $1,242 per sq ft. That was in January 2007. The property was re-listed with a new Realtor in April 2008 at $995,000. It was offered as a short sale and the property went under contract on June 13th. It sold/closed today for the price of $650,000 or $387 per sq ft. That is a great price for a nicely redone 3 bed 2 bath house with a pool.
Short Sales do occur and actually close. It takes time and perseverance on the part of the seller, the buyer, and usually two sets of Realtors that are willing to make the extra effort to get a deal done. Congratulations to both listing and selling Realtors and to the lucky buyer. He or She got a good deal in my opinion.
If you are looking to purchase a home, second home or investment property in Key West, CLICK HERE to checkout the Key West mls in real time. If you see a property that you like, please call me, Gary Thomas, 305-766-2642 or e-mail me at kw1101v@aol.com.
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