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Expensive Date 08-04-2010 08:23 PM

Things are pretty bad down there My Dad who passed last year had a condo in an older 55 plus development.He paid
55k for it in 91.His wife just sold it for 54k.

handfulz28 08-04-2010 08:31 PM


Originally Posted by Sean (Post 3174903)
i see dozens in the North Miami area in 8-10 story buildings for 75k and less??? I'm online right now looking at 2 that are on the river with community boating rights for less than 60k. Am I missing something???

Probably right on 135th Street? It can't be that bad, that's where LipShip is. :D You have to check 'em all out; some are decent, some aren't. But they're all pretty much old which means costs will only go up. And like Jupiter says, the monthly maint. keeps a cap on the value. The thing about condo taxes for "homesteaded property", with a $50k exemption you pay squat for a $100k condo.

My dad bought a 1BR in hallandale that just happened to have tons of dock space and a park. So clueless they don't even know how to charge for the space. Paid $30k 15yrs ago, went up to $150k at the peak, and now probably back to $30k. Stupid low monthly pmt and taxes, and he gets free dock space (until they eventually figure it out.) And he stays at his GF's house most of the time... :evilb:

rchevelle71 08-05-2010 09:28 AM


Originally Posted by Expensive Date (Post 3175337)
Things are pretty bad down there My Dad who passed last year had a condo in an older 55 plus development.He paid
55k for it in 91.His wife just sold it for 54k.

You did well, surprised you got that much in an over 55.

Expensive Date 08-05-2010 11:09 AM


Originally Posted by rchevelle71 (Post 3175707)
You did well, surprised you got that much in an over 55.

It was nice just older with a golf course in Jupiter.Went on zillow the other night thing was worth 195k at the high point.
I was totally out of it his wife dealt with it

GLH 08-05-2010 11:54 AM


Originally Posted by Sean (Post 3174615)
Greg,

Can you send me a PM with your number? Thinking about buying a condo in Miami-Dade area.

Thanks

Just fly down to FLL and check any moving garbage can.....

Ahhh the good old days!

dreamer 08-05-2010 12:09 PM

garbage can man was steve

GLH 08-06-2010 06:15 AM


Originally Posted by dreamer (Post 3175827)
garbage can man was steve

Ok but they were so close!

Sean 08-06-2010 08:44 AM

what's the deal with NW North River Drive and NW Sout River Drive in North Miami? The area I am looking at is near Sewel Park and is near the the NW 17th Ave bridge...is that the ghetto?

SkaterMike82 08-06-2010 12:57 PM


Originally Posted by Sean (Post 3176410)
what's the deal with NW North River Drive and NW Sout River Drive in North Miami? The area I am looking at is near Sewel Park and is near the the NW 17th Ave bridge...is that the ghetto?

ohh yea anything west of biscayne all the to nw 42 ave (Le Jeune ) is the GHETTO...not where you want to be in Miami

handfulz28 08-06-2010 06:44 PM


Originally Posted by Sean (Post 3176410)
what's the deal with NW North River Drive and NW Sout River Drive in North Miami? The area I am looking at is near Sewel Park and is near the the NW 17th Ave bridge...is that the ghetto?

Those are on the Miami River. That's not "North Miami" the city. Some of it may be within the city limits of "Miami". BIG difference. Think Little Havana/Hialeah/Opa Locka for stuff on the Miami River.

Have to check out zip 33181 and see what those are like on the canals.


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