Tuesday, September 13, 2011

Bank Fire Sales Have Started In Mandurah WA

Bought Feb 2006 for $1,250,000

Rented out for 4 years for just $500 - $525 per week

Put up for Sale Dec 2008 for $1,500,000

Price reduced over the next 2 years to $1,300,000

Taken over by the bank Jan 2011 reduced to $895,000 no offers for 8 months at this price. Now reduced by the Bank to $799,000 See the Realtors add "ALL" offers considered.

My Insiders say the bank will take $745,000 !!

{UPDATE 24-12-2011 Bank has now reduced Asking Price to $750K hate to say I told you so but I did & that was Sept 2011 FYI my Bank insider tells me they will slash this property to $699,000 2nd week Jan 2012)

Why would they take $745K ??

Well if you look you will see there are 68 Apts in this canal area for sale all at same distressed conditions. 

The owner of this Gem had to sell a property in Woodvale at a $100,000 discount in a attempt to keep the bank from foreclosing.

Be careful judge for yourself but at $745K this is getting close to good value. However I personally would try my luck at $675,000.

 

Good Luck out There Still be cautious though. {:-)

 

MORTGAGEE PENTHOUSE APARTMENT – MUST SELL

MANDURAH 19C Florian Mews

http://www.century21.com.au/c21/propertysearch/Brochure.cfm?grplstno=WA85427109 


For those who thought that acquiring a Penthouse in the Mandurah Marina was out of reach then think again. We are proud to offer this magnificent two level penthouse with open canal and waterway views. Some of the many quality building features include:

- 3 spacious bedrooms all with built in robes
- Stunning master suite with double vanity
- Masterful Chefs kitchen with top of the range appliances
- Thick granite benchtop and extra storage space
- Open plan living area with full length windows
- 2nd level mezzanine area, perfect for the big screen tv
- Feature light sets the right tone
- Ducted reverse cycle air conditioning
- 2 balconies, one each side for entertaining in style
- Garaging for 2 vehicles with storage room
- Lift and stair access to apartment

Being able to say to your friends that you are off for the weekend to your Mandurah Penthouse? What price can you put on that alone!! This is an opportunity not to be missed.




(LOOK AT THE BIT I HIGHLIGHTED IT IN YELLOW & PRINTED IT IN RED TO STAND OUT> BUT LOOK AT THE DESPERATION IN THE WORDS !!! BARGAIN HARD!!!)

We are under specific instructions to sell 
by the mortgagee and we encourage all offers. 
MAKE YOUR CALL NOW!









19C Florian Mews MANDURAH
 19C Florian Mews MANDURAH19C Florian Mews MANDURAH19C Florian Mews MANDURAH


19C Florian Mews MANDURAH

4 comments:

  1. Fantastic post - keep blogging I always find this site a good read!

    ReplyDelete
  2. $675k for an apartment next to a stinky canal?

    you've lost perspective.

    ReplyDelete
  3. why would anyone want to buy into something so plastic?
    maybe at $350k, but $675, forget it

    ReplyDelete