16623 Arezo Ct, Bella Collina, FL 34756
5 YEARS ON THE MARKET FOR SALE.
The initial price was higher by about 40% when first listed in 2014. The seller has dropped already the price by $1,000,000 and still NO BUYERS.
Richard Arrighi (acting manager), Randall Greene (maintenance guy) and Paul Simonson (Dwight Schar finance guy) who work for Dwight Schar are not doing so well in Bella Collina based on this gloomy house and almost no home or condo sales for the last one or two years.
During these 5 years of waiting to sell, estimated expenses of about $150,000 a year for tax, fees, club and other. Cost of money over 5 years at about 5%-6% a year @ asking price is about $800,000. Closing of 6-7% is about $150,000.
Gross estimated total expenses/cost over 5 years: $1.1 million + $1 million lost from asking price. That will be a total of $2 million LOSS from the time of listing at that price.
About 400-500 families lost all their investment in Bella Collina which seems to be JINXED with BAD LUCK.A Don Juravin review: a resident in Bella Collina with vast experience and knowledge about Bella Collina. I’m not a real estate professional.
3 Responses
Now that is a huge loss! “Gross estimated total expenses/cost over 5 years: $1.1 million + $1 million lost from asking price. That will be a total of $2 million LOSS from the time of listing at that price.” So let me get this straight, if you buy a house in Bella Collina and if you tend to sell it after some time, you will need to wait AT LEAST 5 years accumulating fees, risking the cost of money which goes about %5-%6(as is represented in the analysis) combined with other unpredictable factors(community’s reputation), you may even won’t be able to sell your house!!!
It’s a significant setback. You must wait at least for years after purchasing a home in Bella Collina with the goal of selling it after a specified amount of time.
About 400-500 families lost all their investment in Bella Collina which seems to be disgusting.