Kathy Nealy's Terrace Condo to be Sold at Next Foreclosure Auction, She Being "Victim of an Investigation"
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Let me be clear from the very start: this is unit 616 at The Terrace at Victory Park. Kathy Nealy’s unit was 216 on the second floor, but exact same square footage (1196) and save for being higher and maybe a different color marble in the kitchen or master, pretty similar. Robert Wilonsky at the Dallas Morning News reported today that Nealy’s condo will be sold on the courthouse steps next month in a tax auction. Nealy was, of course, a successful political consultant with close ties to John Wiley Price who apparently did not pay Uncle Sam. 
Wilonsky interviewed Nealy’s attorney, who blames the sale on that famous June 2011 raid on John Wiley Price, which the attorney says “negatively impacted” Nealy’s ability to do business. And, I guess, pay her taxes.
Prior to the raid Nealy counted among her clients American Airlines, Hunt Oil, KB Homes and Wal-Mart. She also worked for Mike Rawlings’ mayoral campaign, Bill Clinton’s presidential campaign and the Cowboys Stadium and American Airlines Center referendums, among other high-profile pushes.”
Wilonsky says Nealy purchased the condo in 2006, when the market was soaring like the Texas Giant Roller Coaster. DCAD has it appraised for $263,120.
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Do you do any research at all? look at solds? This unit will get 300,000. Two units almost the same size closed for 300,000 and 305,000 respectively this month. And 616 you have on here as selling for nothing sold for over 250,000. Do some research and be a respectable site.
Then why is 616 listed for less than $200K? It's been in foreclosure twice.
Do you do any research at all? look at solds? This unit will get 300,000. Two units almost the same size closed for 300,000 and 305,000 respectively this month. And 616 you have on here as selling for nothing sold for over 250,000. Do some research and be a respectable site.
Then why is 616 listed for less than $200K? It's been in foreclosure twice.
No, I spoke with Logan's office today. Now I cannot even find 616 in the MLS. Was told sold once in 2012 then just came back July — what 13?
No, I spoke with Logan's office today. Now I cannot even find 616 in the MLS. Was told sold once in 2012 then just came back July — what 13?
So Parker, tell me what you think 216 will sell at auction for?
So Parker, tell me what you think 216 will sell at auction for?
Please don't speak to Miz Candy like that. Tacky and disrespectful.
Please don't speak to Miz Candy like that. Tacky and disrespectful.
Looks like I left the date in while I was searching! This post will be re-done with the accurate information. Mea Culpa!
Looks like I left the date in while I was searching! This post will be re-done with the accurate information. Mea Culpa!
Interesting reading everyone's comments.
Interesting reading everyone's comments.
This unit will easily go for well over $300,000 if not closer to $350,000. It has a private terrace that is probably over 700 sqft. Also taking in account that the Terrace went under a 1 million dollar renovation just over a year ago. In my opinion, the Terrace is easily one of the best investment properties in the entire DFW area considering the location, location, location, renovations, announced victory park redesign/investment and the recent up tick in value across the board and sales.
This unit will easily go for well over $300,000 if not closer to $350,000. It has a private terrace that is probably over 700 sqft. Also taking in account that the Terrace went under a 1 million dollar renovation just over a year ago. In my opinion, the Terrace is easily one of the best investment properties in the entire DFW area considering the location, location, location, renovations, announced victory park redesign/investment and the recent up tick in value across the board and sales.