Recent Sales in Royal Grand Condos 2011

Soo many investors out there are trying to buy in the Royal Grand Condo community and most of them can’t understand why their offers never get accepted well i will tell you why your offers in royal grand never get accepted .

Here are some recent sales in the last 6 months in the Royal Grand Community which include Foreclosed properties and Short Sales.  This 6 month period is from November 2010 to April 2011.

Closed Sales For 1 Bedrooms

2600 S University Dr #103     Sold Price $65000.00
2600 S University Dr #113    Sold Price $ 65000.00
2600 S University Dr #214   Sold Price $65000.00

Closed Sales For 2 Bedrooms

2600 S University Dr # 325   Sold Price $80000.00
2640 S University Dr #208    Sold Price $80000.00
2620 S University Dr #212    Sold Price $83500.00
2640 s University Dr #223    Sold Price $82900.00
2600 S University Dr #221   Sold Price  $91000.00  ‘Yep 91K’
2620 S University Dr #306   Sold Price  $85000.00

Closed Sales For 3 Bedrooms

2600 S University Dr #101   Sold Price $90000.00
2600 S University Dr #315   Sold Price $90000.00

While the 2 bedroom models offer the best return overall and they always seem to rent the quickest usually around $1200 – $1250 per month they offer the investors the best bang for their buck.  1 Bedrooms are in big demand at the current time in 2011 but rarely do 1 bedrooms come available in Royal Grand but if they do come available its best to really make sure you are getting a good unit in the community overall.

3 bedrooms look like the best return on the dollar because I know most people are thinking for only a few thousand more they should be able to increase their returns to maybe 15% compared to 10-11% with a 2 bedroom model the truth of the matter is 3 bedroom models in royal grand along with all the other investor friendly communities near the college campuses are always harder to rent for some reason or another.