Bank Owned Condos Downtown Boca Raton

When Palmetto Place in downtown Boca Raton first opened their sales office for pre-construction sales earlier this century, one bedroom untis were sold for between $200,000 and $250,000.  The first residents of this wonderful full service building closed on their units in mid-2003.

In the following years, during the real estate boom, the one bedroom units sold in the high $300,000s.. but now, the county clerk appraises them for tax purposes at around $220-230K.

OPPORTUNITY FOR CASH BUYERS (or individuals with excellent credit and ability to secure letter of commitment from financial institution):  Limited number of one bedroom units (Foreclosed and now bank owned) are now avaiable for sale from $180,000s to $190,000s.  BELOW CURRENT MARKET VALUE.  Non-distressed one-bedroom units currently listed between $299,000 and $319,000.

More information about Palmettto Place - Click the following link:
 http://mazorcondos.com/BocaRaton/PalmettoPlace/index.htm
Call Mazor Realty at 561-998-9500