Tuesday, February 03, 2009
$42 Per Square Foot!
Make that *$41.50* for each of the 1,612 square feet on the periphery of Naples, FL.
Of course this is a foreclosure (that my real estate buddy sent me).
According to Zillow.com it sold for $146,900 in December 2003.
Yeah a resident here would be almost in the middle of nowhere, 22 miles from *civilization* on Route 41....
But they'd be paying about a $400 monthly mortgage with no money down!
One could buy this house and with the savings they could book a hotel to stay overnight in Naples when they felt like it.
Yeah, looks like it's a Countrywide REO. What a surprise.