Other homes in the area...

Before we get to the interviews we mentioned yesterday, I think we need to revisit some of the homes that we discussed last summer that surround the Oak Avenue home that was at the heart of the Barrera mortgage fraud case.  The first two are particularly important since they are directly across the street from the home used in the Barrera mortgage fraud.

How can we forget 3379 Oak Ave?  Last sale December 2008, sales price $397,000 or $616.00 PER SQUARE FOOT!


Or just next door, 3375 Oak Ave, last sale date September 2008, sales price $490,000 or $425.00 PER SQUARE FOOT!


Around the corner...

3551 Frow Ave, last sale May 2008, sales price $500,000 or $438.00 PER SQUARE FOOT!


and just a few doors away...

3309 William Ave, last sale June 2008, sales price $450,000 or $511.00 PER SQUARE FOOT!


One more...
3146 Hibiscus St, last sale June 2008, sale price $490,000 or $471.00 PER SQUARE FOOT!



We discussed these transactions in detail last summer (here, here and here), we've learned recently they may have much more in common.  Notice all these homes that we mentioned were within one square mile of each were all purchased within months of each other.  Coincidence or brilliantly engineered scam to loot this poor area of Coconut Grove?  We'll discuss on Monday...