why is this property so cheap?

Asked by Daniel Smith, Utica, NY Tue Feb 10, 2009

why is this property so cheap?
This question is about this property: http://www.trulia.com/property/1031080017-1111-Villa-Cir-111…

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Nadine Mauro, Agent, Lake Worth, FL
Tue Feb 10, 2009
Hi Daniel,

This property is off the market. $69,000 is not a realistic price for a 3/2 in this neighborhood.

There are currently 7 3/2 units for sale in Mirabella Villas. Prices range from $90,000 to $174,500. The unit priced at $90,000 is a short sale and subject to bank approval of the sale. A price in the range of about $125,000 would probably more realistic.

If you would like more information, please give me a call. This is a lovely community with many amenities.

Nadine Mauro
Regency Realty Services
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