Wanna Steal A Condo? T.O.’s Foreclosed Azure Unit Just Went on the Market For Peanuts: Dallas Real Estate News

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I feel like this blog should be sponsored by Southwest Airlines today. Look at this babydoll, or rather what many say was supposed to be the “Baby Mama’s” pad: a one bedroom unit on the third floor of the Azure, 2900 McKinnon unit 307 fresh on the market for… are you sitting down, checkbook in hand? $254,000. No kidding. No wait: $254,900. God, what is $900? One bottle of good wine?

Poor Terrell Owens. His luxurious, 3559 square foot Azure condo upstairs with six parking garages sold at a short sale last November for about $1.4, if you will recall, or at least that’s where I called it.  Looks like a couple named Monsour bought in in early December, and the unit, which T.O. once was asking $2.25 for, is now on the books at $1.425 million. (I called it!) On 307,  Owens was delinquent on a $360,000 loan serviced by JPMorgan Chase. It’s 881 square feet and is currently on the DCAD books for $286,000,  last I looked. Which means, folks, this is a helluva deal. I am out of town right now or I’d be down there with my checkbook!

 

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Candy Evans

A real estate muckraker, Candy Evans is one of the nation’s leading real estate reporters. She is also the North Texas real estate editor for Forbes.com, CultureMap Dallas, Modern Luxury Dallas, & the Katy Trail Weekly. Candy has written for Joel Kotkin’s The New Geography, Inman Real Estate News, plus a host of national sites. Constantly breaking celebrity real estate news, she scooped former president George W. Bush's Dallas home in 2008. She is the founder and publisher of her signature CandysDirt.com, and SecondShelters.com, devoted to the vacation home market. Her verticals have won many awards, including Best Blog by the venerable National Association of Real Estate Editors, one of the nation’s oldest and most prestigious journalism associations. Candy holds an active Texas real estate license but does not sell. She is on the Board of Directors of Braemar Hotels & Resorts (BHR).

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Comments

  1. Crosstown Clay says

    That unit has been on the market for over a year – started at $350K last March and now Mr. Waller offers it up at truly fire-sale prices. I wonder if there is something else "unique" about it that nobody's talking about.

  2. Crosstown Clay says

    That unit has been on the market for over a year – started at $350K last March and now Mr. Waller offers it up at truly fire-sale prices. I wonder if there is something else "unique" about it that nobody's talking about.

  3. Matt Watson says

    I was there earlier this morning, trying to beat the rush 🙂 condo is in great shape! And you can watch the reserection of the Residences at the Stoneleigh from your living room 🙂 Oh, and the master bath is not for the shy or self-conscious, since there is just a wall of glass separating the two 🙂 http://www.2900McKinnon.com

  4. Matt Watson says

    I was there earlier this morning, trying to beat the rush 🙂 condo is in great shape! And you can watch the reserection of the Residences at the Stoneleigh from your living room 🙂 Oh, and the master bath is not for the shy or self-conscious, since there is just a wall of glass separating the two 🙂 http://www.2900McKinnon.com

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