"But when the taxman comes to the door"

"Lord, the house looks like a rummage sale"  CCR

 Hope everyone survived another tax day coming and going. If it makes you feel better, just think Nicholas Cage owes 13M in back taxes, ouch!


We have had some movement in our complexes in the past week

The Windrush on the 5th floor direct ocean 2 bedrooms 2 baths and upgraded that we were watching to see the sale price closed for $300,000, it was listed at the time of sale for $310,000. I think this is a win, win for buyer and seller. It was on the market for 76 days.

The 1st floor that I mentioned earlier which is a 3 bedrooms 2 baths has been reduced to $287,500 from $299,000.

A new listing in the front buildings of The Diplomat was listed at $144,900. That now puts the price range of the front buildings between $110,000 and $144,900.

Windward East has a new listing on the 5th floor which is a 3 bedroom 2 bath unit with a 2 car garage listed at $349,900.

The 2 bedroom 2 bath unit on the 6th floor has been reduced to $279,900.

The 2 bedroom 2 bath unit on the 7th floor is still active and listed at $229,000 as a short sale. This is a good view on a side unit on the top floor. Once an offer is received then the negotiation starts with the lender and then the agent can tell if they are priced too high or too low, I would guess too low. This is the first short sale in Windward East.

For information there is a bank liquidation sale going now in the Ocean Club condo complex on Hayes Ave. If you are searching on a public site you will see it says ocean front but it really is not. Some units have ocean views but the building sits back about ½ block from the ocean. One just sold for $465,000 4th floor 3 bedrooms 2 baths with 2914 sq ft. underground parking. There are still 3 active priced from $439,000 2759 sq ft to $849,000 for a penthouse with 4 bedrooms 3 ½ baths 4565 sq ft.



Thanks

Jim Bagwell