Why is this property so cheap? Is it a foreclosure? Wrong listing price? What are the taxes?

Asked by Kevin O'Shea, 31 Lynx La., E. Setauket, N.Y, 11733 Sun Jan 25, 2009

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This question is about this property: http://www.trulia.com/property/1074089861-6076-Sunberry-Cir-…

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Joan Lorberb…, Agent, Boca Raton, FL
Sun Jan 25, 2009
The price you are seeing is the gross amount for an annual lease of the property or $1800.00 monthly.

By the way, property taxes in Palm Beach County are based on what the new owner purchased the property for. I feel safe to tell my clients that they should figure 2 percent of their purchase price. Most times it works out to a little less than that.

Good luck and please let me know if I can help you further.

--Joan

JOAN LORBERBAUM MOORE
Broker Associate, GRI
Lang Realty
9858 Clint Moore Road
Boca Raton, FL 33496
http://www.linkedin.com/in/joanlorberbaummoore
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