Emerald at Brickell 1 Bedroom Foreclosure – $110,900
This 1 bedroom/1 bath foreclosure condo at Emerald at Brickell is fresh on the market; it just became available today. It is highly likely that this condo will sell above the asking price. A condo at Emerald at Brickell has previously never been offered this low on the MLS. The lowest that a one bedroom has sold for in the building is $133,000 which closed in May of this year. This foreclosure condo, unit 2108, has 826 square feet, faces north and is located on the 21st floor. It previously sold for $670,000 in February 2008 (likely a fraudulent sale, however).
Once again, the listing agent did not upload any pictures of the condo onto the MLS. The pictures below are photos that I took of the unit. The condo is in very good condition with hard wood floors throughout the living room and bedroom and marble floors in the bathroom . Additionally, none of the appliances were missing. Caveat emptor: the HOA fees at Emerald at Brickell are higher than most condo buildings in Miami. That is one of the biggest reasons why prices have fallen so drastically. The HOA fees on this unit are $744 per month. The condo would definitely sell at a higher price if monthly maintenance fees were in line with the rest of the market.