Auction Tomorrow - Reserves Lowered

[lcauley]

Joe,
I noticed on your website that the ADII unit prices were lowered again. Is this the final price, or do you have to attach a premium to the end of the listed price?

 

[Smiling JOe]

Where is P.A.G. with the report on the "make us an offer auction" results?

 

[Joe Mammy]

Joe,
I noticed on your website that the ADII unit prices were lowered again. Is this the final price, or do you have to attach a premium to the end of the listed price?

The auctioneer has a 90 day listing agreement from auction date. These are the new reduced prices that include all premiums (commissions) cooperating brokers get an equal share and any offers are encouraged:

#1103 2br $315K
#110 3br $425K
#2405 4 br penthouse $735K

I have showings there today from 10:00am on. Call me if you would like a tour: 850.642.1081

 

[Pirate]

I heard that everything on the block was bid on. I also heard most of the inventory was bid way below what was owed. Anyone with more info care to elaborate? How did the gulf front do?

 

[Ohio Girl]

Just received this email. I'm confused ... did these not sell at auction?

POST AUCTION STEALS!!
Ariel Dunes: 2bed/ba, 1175+ sqft, with stunning gulf views, $315K
Ariel Dunes: 3 bed/3ba, 1763+ sqft, offering amazing gulf views, $425K
Ariel Dunes Penthouse: stunning views of the coastline, 4 bed/3.5ba, 2216+ sqft, $735K
89 Palmeira Way: 4 bed/4.5ba, with gulf views 2167+ sqft, $720K
62 Thicket: located in Watercolor, 3 bed/3ba, 2028+ sqft, $785K
Sandollar Gulf Front Townhome #19: 3 bed/3.5ba, 1650+ sqft, $649K
Sandollar Gulf Front Townhome #3: 3 bed/3.5ba, 1680+ sqft, w/ efficiency, $599K
Carillon Beach Front Lot: 52x180, Sold with DEP permits & approved house plans, $1.335M

 

[SHELLY]

Just received this email. I'm confused ... did these not sell at auction?

POST AUCTION STEALS!!
Ariel Dunes: 2bed/ba, 1175+ sqft, with stunning gulf views, $315K
Ariel Dunes: 3 bed/3ba, 1763+ sqft, offering amazing gulf views, $425K
Ariel Dunes Penthouse: stunning views of the coastline, 4 bed/3.5ba, 2216+ sqft, $735K
89 Palmeira Way: 4 bed/4.5ba, with gulf views 2167+ sqft, $720K
62 Thicket: located in Watercolor, 3 bed/3ba, 2028+ sqft, $785K
Sandollar Gulf Front Townhome #19: 3 bed/3.5ba, 1650+ sqft, $649K
Sandollar Gulf Front Townhome #3: 3 bed/3.5ba, 1680+ sqft, w/ efficiency, $599K
Carillon Beach Front Lot: 52x180, Sold with DEP permits & approved house plans, $1.335M

Apparently that's the stuff hanging on the Clearance Rack.

The PAG website is adverstising some as "Today's Total Contract Price"...meaning the buyer doesn't have to pay the 10%??

Come on P.A.G., I know you're out there--fess up.


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[Smiling JOe]

Too rich for my blood, but to answer your question with the obvious, it is worth what a buyer is willing to pay. It is a very nice house, though I think the upstairs is a little tight feeling with the ceiling height, after walking through the tall ceilings downstairs. It appears very well constructed, and I notice many upgrades. I think you could find a buyer in today's market in that 750K-800K range, which might sound low compared to the highs of the market, but I think that is the real price to expect today. Ask me again in two years, and I may have a different answer for that day.

Interesting that the other house in WaterColor, auctioned on Saturday, brought $765,000. Now PAG is offering 62 Thicket Cir at $785,000.

 

[lcauley]

Interesting that the other house in WaterColor, auctioned on Saturday, brought $765,000. Now PAG is offering 62 Thicket Cir at $785,000.

I called PAG today to find out about these "total contract price" properties on their website. From what I understand, these prices include sell price AND commission.

So...now after reading your post Joe, I think that the Watercolor bought on Saturday would be $765,000 plus a 10% buyers premium which would put it at $841,500. The PAG watercolor listing would be $785,000 total price.

IMO $785 for that house doesn't sound bad. Wish I had the cash!

 

[Smiling JOe]

I called PAG today to find out about these "total contract price" properties on their website. From what I understand, these prices include sell price AND commission.

So...now after reading your post Joe, I think that the Watercolor bought on Saturday would be $765,000 plus a 10% buyers premium which would put it at $841,500. The PAG watercolor listing would be $785,000 total price.

IMO $785 for that house doesn't sound bad. Wish I had the cash!

... and as I stated earlier, I think the 62 Thicket Cir would bring between $750K-800K in today's market. The other home in WaterColor, located on Western Lake Dr, is larger by about almost 25%, hence the higher price for offered for it. ;-)

 

[SHELLY]

I called PAG today to find out about these "total contract price" properties on their website. From what I understand, these prices include sell price AND commission.

So...now after reading your post Joe, I think that the Watercolor bought on Saturday would be $765,000 plus a 10% buyers premium which would put it at $841,500. The PAG watercolor listing would be $785,000 total price.

IMO $785 for that house doesn't sound bad. Wish I had the cash!

A 42% decrease in 2 years @ Watercolor

What will the neighbors think?


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