Miami real estate news and information

Coconut Grove Home to be Auctioned December 17th – ON SITE

 This  Grove home at 3659 Bayview Road will be auctioned off – on site – at 11am  on Saturday, December 17, 2011 …   Whether you are looking to buy or sell, or are just interested in stopping by to see what’s going on, this may well prove to be a rather entertaining day in Coconut Grove!   Unlike in other parts of our country, there have been relatively few homes auctioned off, on site, in Coconut Grove.

Currently the home is  listed in the MLS for $869,000.00   According to all indications, the house  will go to the top bidder who comes in at/or above $790,000.00  –  There will be a 10% buyers premium  added …   and the MLS does stipulate that the top bidder needs to be prepared to sign a contract on the spot …  and that it be an as-iscash only sale…  It does allow for 3% commission to any selling agent. 

 The current owners bought the home  in ’05  for  $1,900,000.00.  The property shows in the MLS and in the Miami Dade tax rolls as being a 4824 sqaure foot  home consisting of  4 bedrooms and 4 baths … with a pool… and a fireplace …  on a  12,000 square foot lot .

The MLS indicates a suggested list price of $869,000.00  – stating too that it will go to the highest bidder coming it at or above $790,000.00.  The property will be sold as-is, and must close prior to January 16,2012.   Price and  value will hinge on the current property condition, so if you are considering bidding on it, we  strongly recommend you preview it beforehand.  That recommendation goes to any property you’re considering buying  – whether auctioned or otherwise.  

Showings can be arranged, anytime between now,  up to just prior to the auction date.  If you’d like to see the property or would like any additional information you are welcome to contact the Restivo Team here or at 305 793-1365.     And if you’re in the neighborhood that day,  we look forward to seeing you.  The Restivo Team at EWM Realtors.

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