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This is a judicial foreclosure and debt-collection auction brought by Federal National Mortgage Association (Fannie Mae) after a court judgment, not a voluntary sale. The auction appears to involve a condominium or apartment unit in San Juan, so bidders should review whether the collateral description in the notice matches the property they intend to underwrite. For investors, the main diligence issues are title status, lien priority, HOA or maintenance fees, occupancy, and physical condition. Payment is due at the auction.
APARTAMENTO 401 EDIFICIO B, AVENIDA PALMERAS CONDOMINIO SAN LUIS SAN JUAN, 00901, Puerto Rico
URBAN: HORIZONTAL PROPERTY: Its boundaries are as follows: on the North, with wall of the building; on the South, with wall separating it from apartment type number 3 and with wall of the building; on the East, with wall of the building; and on the West, with wall separating it from apartment type number 2, with wall separating it from apartment type number 3, with wall separating it from the elevators and the principal lobby. The main entrance to this apartment which gives access to the principal lobby, is located on the West side of this apartment. The doors of the kitchen and the service bedroom of this apartment, which gives access to the service lobby are also located on the West side. It consists of an individual private area of a join right of co- ownership in the areas of local Condominium of Building "B" of a join right of co-ownership in the areas of general condominium of the structure known as Condominium San Luis and of a right of exclusive use over a space for parking one automobile, all of the above rights being inseparably annexed to the said private area and being necessary for the adequate use and enjoyment of the apartment. The description of the aforesaid private area and the rights inseparably annexed to it, are as follows: 1-Private Area: Private area belonging exclusively to the owners or owners of this apartment, which area is contained withing the above stated boundaries of the apartment and which comprises an approximate area of 1,835 square feet, equivalent to 142.464 square meters. It includes the following rooms: Parlor and living room, dining room, master bedroom with adjoining bathroom and closet, two additional bedrooms with a closet for each one, a common bathroom, hallway between the bedrooms with one air conditioning closet and one linen closet, kitchen, service bedroom with adjoining bathroom, a service porch adjacent to the kitchen and a covered terrace adjacent to the living room. The bathrooms are fully equipped including hot and cold-water installation. The kitchen is equipped with an electric range, kitchen sing and kitchen cabinets. There is an electric clothes dryer installed in the service porch 2. Join right of co-ownership together with the other owners of apartments in Building "B", equivalent to 4.718% in all the title and interest to the areas of local Condominium of Building "B" which percentage shall determine the share belonging to the owner of owners of this apartment in the profits and common expenses in the said elements of local condominium, as well as the representation of the owner or owners of the apartment for voting purposes in matters dealing with the elements of local condominium of Building "B" at the General Meeting of Owners of San Luis Condominium. Puerta de Tierra."
| Round | Date | Time | Price | Status |
|---|---|---|---|---|
First auction | May 27, 2025 | 10:30 AM | $344,000 | passed |
Second auction | Jun 3, 2025 | 10:30 AM | $229,333 | passed |
Third auction | Jun 10, 2025 | 10:30 AM | $172,000 | passed |
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View pricingThis sample combines multiple recorded sources, including any likely auction transfer inferred from a public record dated within nine months after a scheduled auction. Transactions below $25,000 are excluded from market statistics. Directional confidence. Use this sample as market context. It is not a complete sales ledger. Sample refreshed Jul 2026.