Gail n Greg - Your Agents @ The Beach

BANK OWNED - CLOSED IN CANAL CORKRAN!!

56 Eleanor Lee Lane Closed on the 30th for $1,450,000.  This bank owned property was listed on January 21st. for $1,750,000.  The bank was given the deed in lieu of foreclosure by the Builder/Owner of the property.  The bank claimed to have a "final judgement" on it of $2.5MM.  It is a 6 bedroom, 6.5 bath 3 story contemporary on the canal.  The home featured "fine details throughout including energy saving construction such as a 14 ton geo-thermal heating system, 6 on demand hot water systems and 2,500 square feet of heated garage".  

CLOSED IN CANAL CORKRAN!!

27 Thompson Court closed Tuesday for 82% of the original asking price or $624,000.  It had been on the market for 472 days.  It is a 4 bedroom, 3 bath 2 story contemporary on a 12,000 square foot lot.  It was built in 2002.  It has "inlaid hardwood floors, gas fireplace, screened porch, spacious master suite, kitchen island w/corian, pond views and located adjacent to community open space".  This is only the second SFH to close in CC this year.  There is one more under contract waiting to close.  There are only three more listed.

PRICE REDUCED IN CANAL CORKRAN - TOWNHOUSE

12 Nell Loop advertises itself as a 5 bedroom, partially furnished townhouse and has been reduced for the first time since listing in October of 2011.  It is now offered for $499,900, down almost 2% from the original $509,000.  It is one of only two townhouses currently on the market in CC.  There is one under contract waiting to close and two have closed so far this year.

TOWNHOUSE UNDER CONTRACT IN CANAL CORKRAN

14 Will's Way becomes the third townhouse to sell in Canal Corkran this year.  It went under contract yesterday at the asking price of $475,000 after listing originally in November of 2010 for $505,000.  Two others have closed this year for $490K and $445K.

BY THE WAY, LINGO DOES NOT HAVE EXCLUSIVE RIGHTS TO LISTINGS IN CANAL CORKRAN!!

TOWNHOUSE CLOSES IN CANAL CORKRAN!!

28 Nell Loop closed on the 20th for $445,000 or 91% of it's original asking price of $489,900.  It had been on the market for 339 days.  That is the second TH to close in CC this year.  There are three more listed as active.  This 3 story, 5 bedroom, 4.5 bath TH was an end unit boasting $16,800 in annual income.  It was sold furnished.

HIGH ROLLER BUYS IN CANAL CORKRAN

Lotsa Benjamins changing hands for 56 Eleanor Lee East.  I don't know what the sale price is but the home was listed for $1,750,000 when the deal was inked.  This large, gorgeous home was only on the market for 82 short days.  The home right next to it is also for sale (short sale) for almost the same asking price ($1,799,000).  It started at $2.6MM.  There are now two homes under contract waiting to close in CC.

SOLD IN CANAL CORKRAN !!!

27 Thompson Court went under contract  yesterday (continue to show) at the asking price of $649,000.  This was the lowest priced offering of a SFH in CC, it had originally started at $759,000 back in November of 2010.  If this sale is completed, it will be the second one in 2012.  That leaves four to go.

Q1 - 2012 ACTIVITY IN CANAL CORKRAN

Not much activity to report in Canal Corkran so far this year.  Two new listings came on the market, one in January and one in February.  There are currently five active listings ranging in price from a low of $649,000 to a high of $1,799,000 (a short sale).  The average listing price of the five is $1,122,000 and 337 days on the market.  On property closed in March, 4 Canal Court for $1,325,000 or 83% of the original asking price.  It was on the market for 255 days.

There are four Condo/Townhouses active right now with an average listing price of $563,450 and 506 days on market.  The lowest priced offering is $475,000 and the highest is $669,900.  One property closed in January in the Hannah Loop group for $490,000.  It had been on the market for 341 days.  The is a Nell Loop 5 bedroom under contract waiting to close.  It was listed for $459,900 when it went under contract and had been on the market for 284 days.

PRICE REDUCED IN CANAL CORKRAN

27 Thompson Court reduced price  yesterday by another $10K and is now offered at $649,000, the lowest priced SFH listing in CC.  It has been on the market now for a cumulative 455 days.

CLOSED IN CANAL CORKRAN!!

4 Canal Court closed yesterday after being on the market for 255 days.  It originally listed in May of 2011 for $1,599,900 and closed for $1,325,000  or 83% of the original asking price.  This is the first closing this year of a SFH in Canal Corkran.  4 Canal Court is a 6 bedroom, 4.5 bath 2 story contemporary with 5,000 dwelling square feet.  It was built in 2005 on a 87 x 123 x 135 x 123 foot wooded lot on the canal.  It advertised a "private boat dock, your own 3 levels of living creste (??) a perfect home for entertaining....thermostatically controlled wine room, 3 fireplaces and so much more".