More evidence that the real estate slowdown is starting to impact local investors, this Acqua Vista unit is noted as a vacant and staged short sale by a mortgage broker.
Acqua Vista isn't a stranger to this blog, note this was an original purchase from the developer and not a flip purchase which is also an interesting detail as this would seem to indicate that at least a portion of the original sales between the developer, Hovnanian Enterprises, Inc, and the original buyers have now yielded a negative return.
Another interesting detail is Foreclosure.com lists five Acqua Vista properties currently undergoing foreclosure proceedings.
Type: Listed on MLS(#066083899)
Resale Price: $329,000
(Range priced $299,000 to $359,000)
Loss@6% Sales Expenses: $45,740
Purchase Date: 10/28/2004
Holding Period: 24 months and counting...
Square Feet: 821
Purchase Details: view