*Foreclosure Opportunity* - 900 Wallace St Coral Gables, FL 33134 - $280,900

THE LISTING PRICE OF THIS HOME WAS REDUCED TO $263,900 ON JULY 30, 2008.

THE LISTING PRICE OF THIS HOME WAS REDUCED TO $271,900 ON JULY 11, 2008.

This corporate-owned single-family home in North Gables was actively listed for sale last month.

Property Characteristics

* 3 Bedrooms
* 2 Bath
* 1,037 SF (Living Area)
* 5,350 SF (Lot Size - 50 x 107)
* Year Built = 1946

This home was originally a 2 bed/1 bath home with a 1-car garage. The 1-car garage was converted into a 3rd bedroom with a full bath. The roll-up garage door is still in place (see photograph above). The living area reflected on tax roll (1,037 SF) does not reflect the additional living space from the garage conversion.

The original structure of the home features original Dade County pine wood floors. The interior is graced by a kitchen equipped with Thermofoil cabinets and granite counter tops, as well as 2 bedrooms complimented by a living area and a remodeled hallway bathroom. The 3rd bedroom features laminate wood flooring. Windows and exterior doors look like they were replaced not long ago.

The home is located on Wallace Street, a semi-private road not accessible from Tamiami Trail (SW 8 ST). It is only accessible from the south via Venetia Terrace.

You may recall that I featured another corporate-owned foreclosure on Wallace Street about 2 weeks ago. That property, located across the street from this one, went under contract on July 2, 2008. It was on the market for 13 days before it went under contract.

Inquiries regarding this home can be made at 305-491-7179 or 786-586-5844.