Archive for June, 2013

Boom & Bust Poster Child Sells Again (6925 Tordera St., Coral Gables)

posted on June 30th, 2013 filed under: Properties in Focus, Real Estate Market Data

The bank-owned home at 6925 Tordera Street in Coral Gables recently sold for $822,000, or about $233 per square foot.  That’s a low price per square foot for the South Gables neighborhood these days, but the constant presence of work crews suggests substantial repairs were needed.

6925 Tordera St.

6925 Tordera St.

The property’s sales history illustrates the boom and bust:

Sept. 1998:  $650,000

June 2004:  $1,275,000

May 2005:  $1,650,000

March 2006:  $1,850,000

May 2009:  $301,000 (sale to or from financial institution)

April 2013:  $822,000 (sale to or from financial institution)

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