Recent Sale — 2333 Granada Blvd., Coral Gables — $1.125 Million

posted on November 26th, 2010 filed under: Properties in Focus, Real Estate Market Data

The home at 2333 Granada Boulevard sold in September 2010 for $1,125,000, or about $296 per square foot.

Seems a little rich.  The house is nice, but the location is not for everyone; it’s right at the the corner of Granada and Coral Way, with traffic sitting in front of the house waiting for the light to change.  Needed updating too.

2333 Granada Blvd.

2333 Granada Blvd.

In terms of historical valuation, the price was reasonable.  The house last sold in July 1991 for $550,000.  The current purchase price represents about 3.8% compounded annual appreciation from that prior sale price.

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posted by // This entry was posted on Friday, November 26th, 2010 at 11:42 pm and is filed under Properties in Focus, Real Estate Market Data. You can follow any responses to this entry through the RSS 2.0 feed.

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