sexta-feira, 24 de fevereiro de 2012

FORECLOSURE FOR Sell 14951 ROYAL OAKS LN # 901


Dear Friend

This is a very good opportunity for investment, new in the market, see below:


1)      THE UNIT

14951 ROYAL OAKS LN # 901 Listed for  $ 252,900 


Complex Name: BISCAYNE LANDING
With ocean view.
Bedrooms: 3 Full Baths: 3 Half Baths: 1
SqFt Liv Area: ¤2048
Year Built: ¤2007/Resale
Maint Fee: $700  less than $ 0,40 s/f

Annual Tax: $3,559 %12=$ 296
:


Amazing view from this 3 bedrooms and 3.5 bath. South corner unit. Marble floors, custom designed european style kitchen cabinets, granite countertops, cable, internet .Close to the beach,shopping,schools, FIU. A Fannie Mae Homepath eligible property. Approved for HomePath mortgage financing and Renovation mortgage financing.


2)     THE RENTAL

The everage price for rental :
See bellow
$ 1800-$ 2000.

3)     The comparable

one unit was sold in Foreclosure in 12/19/2011 –
Listed for $ 149,000 sold for $ 170,100 REO
Bedrooms: 3 Full Baths: 3
SqFt Liv Area: ¤1967 s/f  = $ 86,5 s/f
901 is 2048 s/f

4)     HOW much was and how much could be :

 Those apt reach in 2007 more than $ 550,000
See bellow.
14951 Royal Oaks Ln # 509
North Miami
33181
Jaque Properties Bl509 2 Llc
07/02/2007
$547,000
$201,440
$5,297
3
3
2,385

14951 Royal Oaks Ln # 704
North Miami
33181
Blue Associates Group Llc
08/16/2007
$556,000
$151,340
$3,979
2
2
1,743

14951 Royal Oaks Ln # 909
North Miami
33181
Bertoni Julio
09/07/2007
$564,000
$209,620
$5,512
3
3
2,385

5)     Offer Suggestion :

901 is 2048 s/f listed for $ 252,900

My suggestion is to send one offer for $ 90 s/f x 2048 s/f =

Offer =$ 185,100 –Good chance.
Offer= $ 177,200 – Small chance
Offer = $ 200,100- Great Chance.

6)     Return  
Rental $ 1800 (or more)
 - 700 (Condo)
-  296 tax= $ 800
+ possible 5% to 10% appreciation, they are much  below the similar units build in 2007 and less than $100 s/f
  
= Possible with this unit more than 10% of return year.
  
7)     PICTURES OF THE BUILDING

VIDEO OF similar unit ( this is just 2 bed ) http://www.youtube.com/watch?v=h3DYutnWNCo Video

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