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Tuesday, July 31, 2007

Getting closer to city's market values

House on Foreclosure - 2557 TRAPP AV, Miami, FL 33133

Bedrooms: 3
Full Baths: 3
Partial Baths: 0
Square Feet: 2,219
Lot Size: 3,419 Sq. Ft.
Year Built: 1981

Sale History (from Zillow)
05/04/2006: $706,000
12/06/2005: $610,000

city's market value: $417,220
Zillow's market value: $715,919

The house was for sale last year at $850,000.00 and reduced to $760,000 on February 2007. The bank took over and relisted it on May at $719,900
Reductions after that:
06/09/07 -- $719,900 to $690,900
7/31/07 -- $663,500 to $577,500
09/18/07 -- $521,200

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