Sunday, October 23, 2011

"Its a beautiful day"

"Don't let it get away, It's a beautiful day" U2
Picture is of our listing in Ocean Sands scheduled to close this week. It can be challenging to close with lenders today but luckily this is a cash deal.

It has not been a busy October as yet but that is not surprising. We normally have a slack period from Labor Day through December.

We do have a new listing in The Diplomat. It is on the north row in the building next to the ocean building. Listed at $99,000 and the unit is on the 2nd floor, it hasn’t been updated but shows nice. Not being a short sale or a foreclosure, I expect it to sell rather quickly.

In the 2100 Towers, the foreclosure on the 1st floor listed at $149,000 sold for $130,000. This unit had 1600 sq. ft. There is a listing on the 6th floor that has 1200 sq. ft. that is pending. It is a river view unit and we will have to see what it closes for the sale price.

In Cocoa Beach and Cape Canaveral there have only been 8 new oceanfront condos listed this month. These units are priced from $129,000 to $669,000.

There have been 7 oceanfront condos closed this month and I am proud to say that Walker Bagwell Properties had 3 of the sales.

Enjoy this beautiful day!

For you Gator faithful, Tim Tebow gets his 1st start today in Miami.

Jim Bagwell

Wednesday, October 12, 2011

"Never kick a cow turd on a hot day"

Hank Williams jr. said this was quoted by Pres. Truman in the rose garden in 1948 while he was trying to regroup after his idiotic rant on Fox & friends. I realize that Hank is an intelluctual but before Pres. Truman, Will Rogers said "Never kick a cow chip on a hot day"
This picture is of the cabbage palms on the dunes of Windward East. Cabbage Palms are not protected by anyone but if properly trimmed they can look like the next picture. Now I understand that this only affects the 7 1st floor owners but Windward East has one of the best associations on the beach and the dune line should reflect that in being well maintained.
These are well trimmed cabbage palms but they won't grow this tall unless trimmed.
These are the Seagrapes, with a permit they can be trimmed down to 6' from the ground line from which they grow not the sod line. These are beautiful plants when properly trimmed.
Finally this is one of 2 Brazilian Pepper trees that we have in our dunes. This plant is not indigenous to our state and groups have taken them out where they can, the problem is they choke out all other plants around them to expand. They have to be dug up and not cut down. I am not complaining I am just 1 of the 7. Windward East does have one of the best associations and have spent a lot of money on landscaping but the dune line is one of the most valuable assets for property values and the envirionment.

Alright that is out of my system! Windward East 604 was briefly under contract but is now back on the market. It is a shame that when the buyers went back to the unit after that huge rain storm this past weekend, there was a leak from the upstairs unit and we think they got worried. This happens in a condo.

2100 Towers foreclosure on the 1st floor closed a couple of days ago. This unit has 1600 sq. ft. and 2 bedrooms 2 baths. Listed at $149,000 and sold for $130,000.

Thanks for letting Hank and I rant!

Jim Bagwell

Tuesday, October 4, 2011

COWABUNGA DUDE

Surfs up at Cocoa Beach Pier. Cowabunga is also the greeting from Chief Thunderthud on the Howdy Doody show.

The Diplomat
The foreclosure listed at $96,500 has closed for $89,000.
That only leaves 2 active. One is a short sale listed at $90,000 the other is listed at $114,900.

2100 towers
The foreclosure on the 1st floor has been reduced to $149,000. This unit has 1600 sq ft and is a 2 br 2 ba, good buy for someone who doesn't mind 1st floor.

There is a block of Mystic Vistas that have came on the market being sold by the owner/developer. They are priced according to sq ft. The prices are from $199,900 to $209,900 and the sq. footage range from 1686 to 2059. For the right price this could be a good deal for the investor buying the block.

New listing in Stonewood 1st floor has been listed at $169,900. The unit has 1317 sq ft but is in the most undesirable building as far as views go. With all the amenities at Stonewood it is still a good buy.

Jim Bagwell