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Residences at Millenia

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Deuce of Spades

Thread Starter
Member
Joined
Nov 7, 2005
Professional Status
Certified Residential Appraiser
State
Florida
Any scoop on these? AKA Residences at Villa Medici Condo.
 

J in Florida

Senior Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Florida
Yet another in the long list of rediculous condo conversions. I would look for massive seller concessions, ginormous RE commissions, and other assorted nincompoopery. $250k for a crappy apartment with $370/month HOA fees that rent for about $900-$1000 per month? Sure, why not, it's only money.
 

Laura Goldware

Sophomore Member
Joined
Jun 6, 2004
Professional Status
Certified Residential Appraiser
State
Florida
Just did a review there. Original lender HomeBanc/ original appraisal was thousands and thousands over market value.

Are you going today Duece? Let's talk.

LG
 

Deuce of Spades

Thread Starter
Member
Joined
Nov 7, 2005
Professional Status
Certified Residential Appraiser
State
Florida
The whole place was overprice.....right now out of the 360 units (21+- are owned by the developer) 51+- are in process of foreclosure and 4 are bank owned.
too bad for the handfull of owner occupied - most of these were investor owned properties.

Enjoyed seeing those that made it out yesterday. Sorry i did not make it today, but when you have some work on the desk - you gotta getter done!
 
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