1010 and 1033 Asturia — Bank-Owned (REO) Foreclosures in Coral Gables

posted on January 8th, 2011 filed under: Properties in Focus, Real Estate News

For all the sturm und drang of the real estate collapse in South Florida, there haven’t been that many bank-owned (REO) properties for sale in the more desirable parts of Coral Gables.  Recently, however, two listings have cropped up that ought to please even the most finicky bargain-hunters.  Both are on Asturia Avenue, a pleasant street two blocks north of historic Coral Way, and one block south of Granada Golf Course.  Locals enjoy walking, jogging and biking around the golf course as much golfing on it.

1010 Asturia was listed as a short sale a while back and seemed to have sold, but apparently the deal never closed.  Now its’ a bank-owned (REO) listing.  I remember seeing this property a few years ago when the asking price was about $900,000.  Today’s listing price: $499,000.

1010 Asturia Ave.

1010 Asturia Ave.

Similar story with 1033 Asturia: previously listed as a short sale, went pending, now back on the market as a bank-owned (REO) home for sale.  Price: $678,150.

Tough times on the 1000 block of Asturia Avenue in Coral Gables.  But with crisis comes opportunity.

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posted by // This entry was posted on Saturday, January 8th, 2011 at 9:58 pm and is filed under Properties in Focus, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed.

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