Much listed Cooee Bay, Queensland mortgagee home sold for less than prior two sales

Much listed Cooee Bay, Queensland mortgagee home sold for less than prior two sales
Much listed Cooee Bay, Queensland mortgagee home sold for less than prior two sales

A Cooee Bay, Queensland mortgagee home - listed three times since it's last sale - has been sold for $185,000.

The home previously sold for $190,000 back in 2005 meaning the value of the property has decreased $5,000 in the past 14-15 years.

The most recent sale was in 2007 when the house traded for $280,000, meaning this latest transaction saw the vendors take a $95,000 loss.

Daniel Spyve of Harcourts marketed the property in its most recent campaign.

Situated at 44 Poplar Street, the abode comprises a three bedroom one bathroom house with one undercover parking space.

Built in 1970, the home sits on a 415 sqm block.

It has been listed as a rental three times since it last sold in 2007, first in 2010 and in 2011 seeking $275/pw.

More recently in 2015, it was listed for $280/pw.

The property features, polished timber floors throughout and a workshop/storage area under the house.

Much listed Cooee Bay, Queensland mortgagee home sold for less than prior two sales

The median sale price for an apartment in Cooee Bay is $345,000 according to the latest CoreLogic data.

Tags: 
Mortgagee Sale Cooee Bay

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