Fort Lauderdale Real Estate - Downtown Short Sale Complete

Posted by Eric Miller on Sunday, November 6th, 2011 at 9:00am.

Ft Lauderdale Realtor Eric Miller Completes Another Successful Short Sale 

It’s another short sale success for the Fort Lauderdale Estate Team at Eric Miller and Associates. Ft Lauderdale Realtor, Eric Miller announced the successful completion of another Fort Lauderdale Short Sale today. This closing in the Victoria Park neighborhood of Fort Lauderdale was at the Pine Crest Condominium. At 151 NE 16th Avenue in Fort Lauderdale, Pine Crest Village was originally a rental community in one of the hottest areas of the Ft Lauderdale Real Estate market. After a complete renovation the community was converted a beautiful low rise condominium from 2004 to 2005. After the conversion to a Fort Lauderdale Condominium this one bedroom Ft Lauderdale Condo sold for $157,900, two years later during the height of the Fort Lauderdale Real Estate market it sold again for $225,000. Today, as a Fort Lauderdale Short Sale this condo closed for $115,000, a great buy for the new owner.

Pine Crest Village - Victoria Park - Fort Lauderdale

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A Fort Lauderdale Condo in a great area, in immaculate condition and the only negative was that this particular unit did not have any exterior space. It may be the least expensive unit to sell in Pine Crest Village but it makes it the perfect getaway for someone wanting a downtown Fort Lauderdale Condo at an incredible price. In today’s Fort Real Estate market any negative, which may make a condominium less desirable can drive the price down dramatically. These are the properties that make it look like prices are dropping all over the market. In reality when they are gone they are gone and a buyer will be hard pressed to find a Pine Crest Village one bedroom unit at this price again.  Every condominium property has some units that are less desirable than others and in today’s Fort Lauderdale Real Estate market these units can represent the opportunity to purchase into incredible properties such as Pine Crest Village at great prices. The least expensive unit in a Fort Lauderdale Condominium may turn out to be a great investment in the years to come. Just like we have all been told for years to buy the “worst house of the best street”, this is exactly the investment you are making when you purchase the least expensive condominium within a great Ft Lauderdale Condo.

Eric Miller is an award winning Florida Realtor, salesperson and broker. His website, FortLauderdaleGroup.com provides an up-to-date guide to Fort Lauderdale Condos for sale, and the most complete buyer, seller and investor information for the Fort Lauderdale Real Estate Market.

3 Responses to "Fort Lauderdale Real Estate - Downtown Short Sale Complete"

Fort Lauderdale Real Estate Agent wrote: Eric Miller is a great agent. Short sales always has some problems to deal and it needs a little longer time. Posted on Sunday, November 27th, 2011 at 10:01pm.
Tracy CA Real Estate wrote: That's beautiful, we don't have homes like that in Tracy, California! Maybe I should come work in Fort Lauderdale =) Posted on Thursday, December 15th, 2011 at 4:32pm.
Katja wrote: It's actually a cool and useful piece of info. I am happy that you shared this useful information with us. Please keep us informed like this. Thank you for sharing. Posted on Thursday, January 19th, 2012 at 8:59am.

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