PO Box 1212
Tampa, FL 33601

Pinellas
(727) 726-8811
Hillsborough
(813) 258-5827
Toll Free 1-888-683-7538
Fax (813) 258-5902

Click For A FREE Quote
TOOLS
CONVERSION CHART
STANDARD DEVIATION
MORTGAGE CALCULATOR

Updated November 2024


RETURN TO NEWS INDEX

FishHawk properties, once prime sites, go on auction block
By RICHARD MULLINS
Tampa Tribune
Published: May 4, 2009

 
The bidding starts at $110,000 for large FishHawk Ranch townhomes like this one.
 
FISHHAWK RANCH - My, how things have changed in FishHawk Ranch.

Time was, home shoppers camped out for days, hoping for the chance to buy a lot in the idyllic east Hillsborough County development. Now, managers of the FishHawk development are trying to unload 15 unsold properties - at auction.

Fifteen town houses near the development's village square will go on the auction block June 14.

Five of the properties originally came with a listing price of $390,000 to $469,000. Now the opening offer from the auctioneer for some sites will be $110,000 for some, roughly a 70 percent discount.

The connected homes are much bigger than typical town homes and range from 2,158 to 2,716 square feet, with two-car garages, kitchens with granite countertops, front porches and second-story terraces, walk-in closets and hardwood floors.

But alas, the auction symbolizes the general downturn in real estate, and the homes remain unsold.

The median home sale price in the Tampa-St. Petersburg-Clearwater metro area, which includes Pasco County, was $131,400 in February, according to the most recent data from the Florida Association of Realtors. That's a 27 percent decrease from $178,900 during the same month a year ago.

Often, auctioneers set opening offers at prices low enough to drum up interest, so bidding may quickly rise above the $110,000 mark.

For anyone wanting to find out whether that happens - or bid on the homes themselves - here are the details:

You can preview open houses from noon to 3 p.m. May 16, 17, 30 and 31 and June 6, 7 and 13.

The one-time offering and open-outcry auction will be at the InterContinental Tampa hotel, 4860 W. Kennedy Blvd. Registration begins at noon, with the auction at 1 p.m.

Sheldon Good & Co. is the auction company.

Reporter Richard Mullins can be reached at (813) 259-7919.



| INTRO | FAQ | RESIDENTIAL | COMMERCIAL | NEWS | RESOURCES | TOOLS | TEAM | CONTACT | CLIENTS LOGIN | PRIVACY |

FacebookTwitterLinkedin
Copyright 1999-2024, Appraisal Development International, Inc