This cute little Kissimmee Florida pool home was built in 1990 and was sold for $99,900. At that time Poinciana Florida was a very rural planned unit development (PUD) in Kissimmee Florida and had a population of about 7,000 people.
The folks that bought it sold it in 2000 to a buyer I was working with for $88,150. So in the first 10 years it actually lost close to 10% in value.
From 2000 to 2006 Poinciana exploded with growth. The population increased 10 fold to close to 70,000 people!!
In 2006 I sold this property again for $224,000!!! So from 2000 to 2006 the value increased 254%. WOW!!!
In 2007, 13 months after purchasing the property, the owners were foreclosed on. My understanding is that they never made a payment.
It sold at foreclosure auction for $109,345.
Recently I listed it again as a Short Sale priced at $65,000. So after increasing in value close to 250% from it's original price in 1990. It is now priced 35% less.
Are you facing foreclosure in Florida?
Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.
Want to find out more? www.CentralFloridaShortSales.com
***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.
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Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales, Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.
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