Kevin O'Shea, Home Buyer in 31 Lynx La., E. Seta...

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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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.


Broker Associate, GRI
Lang Realty
9858 Clint Moore Road
Boca Raton, FL 33496
0 votes Thank Flag Link Sun Jan 25, 2009
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