BELLA COLLINA VICTIMS

Bella Collina Real Estate Property: 80% price drop and still no buyer after long 611 days (almost 2 years) 😱

FACTS: in 2018 homes only 6 homes sold (Zillow) and for an average of $186 sf after 44 months wait. Consider that lots and homeowners pay $8,000 dues and an additional property tax + 5% value of money + 6% cost to sell the property.
Bella Collina Lots Seem to Lose $5 million in Bad Real Estate Investment
16417 Pendio Dr Montverde FL 34756 price and tax history MLS# O5527142 @ Bella Collina Real Estate Reviews
16417 Pendio Dr Montverde FL 34756 price and tax history MLS# O5527142 @ Bella Collina Real Estate Reviews
  • Jan 2018 asking price: $1,939,000
  • March 2019: $399,000
  • Duration: 430 (my calculation) to 611 days (Zillow reporting – that’s almost 2 years and NO SALE)
  • Price drop: $1.5 million
  • + Additional loses of: $35,000 to per year for high club dues, HOA, tax and value of money

FACTS: in 2018 homes only 6 homes sold (Zillow) and for an average of $186 sf after 44 months wait. Consider that lots and homeowners pay $8,000 dues and an additional property tax + 5% value of money + 6% cost to sell the property.

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